Infosys stock rose 5% after raising its fiscal 2026 revenue forecast, signaling a possible upturn for India’s IT industry driven by AI partnerships. The company’s push for vendor consolidation and AI offerings have boosted growth prospects. Infosys’s order book for deals above $50 million hit a two-year high at $4.8 billion.

Infosys’s revenue is expected to grow 3%–3.5% in the fiscal year ending March 31, 2026, exceeding earlier forecasts. The outlook reflects solid tech spending and growth in its financial services segment, which saw a 3.9% increase in revenue. Brokerages, including Jefferies, raised their target price after the positive results.

Tata Consultancy Services also reported strong demand for 2026, with revenue from the financial services segment rising. Wipro, set to report earnings later, saw a 3.2% increase in stock value. AI-driven demand continues to support growth in India’s IT sector.

Overall, the strong performance of Infosys and other IT companies points to a positive outlook for the industry, driven by AI-led partnerships and growth in key segments like financial services. The sector’s resilience and ability to adapt to changing market dynamics bode well for future growth and profitability.

Read more at Yahoo Finance: India’s Infosys rises after strong 2026 view; lifts IT index