Infosys (INFY) Soars 10.45% on Strong Revenue Outlook, PT Hike

We recently published 10 Big Names Delivering Outsized Gains. Infosys Ltd. (NYSE:INFY) was one of the top performers on Wednesday.

Infosys snapped a four-day losing streak on Wednesday, jumping 10.45 percent to close at $19.35 apiece as investors took heart from a higher revenue outlook and an investment firm’s price target upgrade for its stock.

In its earnings call during the day, Infosys Ltd. (NYSE:INFY) raised its revenue guidance  for the full fiscal year 2026 to a range of 3 to 3.5 percent, as well as its operating margin by 20 to 22 percent.

This followed results of its third quarter earnings performance, during which revenues jumped by 3.2 percent to $5.099 billion from $4.939 billion in the same period last year, bringing its nine-month revenues higher by 4 percent to $15.1 billion from $14.5 billion.

However, net income attributable to shareholders declined by 7 percent to $747 million from $804 million year-on-year. Attributable net income for the nine-month period inched up by 2 percent to $2.39 billion from $2.34 billion.

“Infosys delivered a strong Q3 performance demonstrating how our differentiated value propositions in enterprise AI, through Infosys Topaz, are consistently driving higher market share. Clients increasingly view Infosys as their AI partner with demonstrated expertise, innovation capabilities and strong delivery credentials. This has helped them unlock business potential and enhanced value realization,” said Infosys Ltd. (NYSE:INFY) CEO Salil Parekh.

“Central to this journey is our commitment to reskill, transform and empower our dedicated human resource pool to drive success in an AI augmented world,” he added.

Following the results, Goldman Sachs issued a 1 percent higher price target of $19.10 on shares of Infosys Ltd. (NYSE:INFY), versus $18.90 previously.

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Disclosure: None. This article is originally published at Insider Monkey.