Infosys needs a reboot: Past code, future load

It's becoming clear that Infosys - and India's $200 billion IT services industry - is up against more than a routine downturn or an AI-driven scare. The company has repeatedly trimmed its sails on growth expectations, signalling deeper issues. In October, Infosys reduced its full-year revenue guidance to a 3.75-4.5 per cent growth, then cautiously revised it up to 4.5-5 per cent by January. Yet even after these resets, Infosys managed only 4.2 per cent growth for FY25, missing its modest target. Peers aren't faring much better - Tata Consultancy Services (TCS) and Wipro also turned in disappointing quarters amid client jitters. Wipro is so uneasy about demand that it projected a 1.5-3.5 per cent revenue decline for the coming quarter, citing now-stalled US tariffs as an added headwind. When India's top tech exporters are praying for flat sales, it's a sign that something is fundamentally off in the engine room.