10月26日：印度Infosys（印孚瑟斯）股价周一下跌2.7%，此前这家软件出口商大幅下调了2027财年营收增长预期，凸显了来自AI驱动的定价压力、竞争加剧以及关键市场需求疲软的挑战。
Oct 26 : Shares of India's Infosys fell 2.7 per cent on Monday after the software exporter sharply cut its fiscal 2027 revenue growth forecast, underscoring challenges from AI-driven pricing pressure, tougher competition and sluggish demand in key markets.
该公司是印度IT行业前五大巨头中最后一家发布财报的。本月早些时候，同行Tata Consultancy Services（塔塔咨询服务公司）和HCLTech营收符合预期，利润率表现温和，但投资者为AI营收的回升而欢呼。
The firm was the last of the top 5 to report earnings for the Indian IT sector. Earlier this month, peers Tata Consultancy Services and HCLTech met revenue estimates with modest margin performance, but investors cheered the uptick in AI revenue.
公司将2027财年营收增长预期从1.5%-3%下调至1%-2%，而大多数分析师原本预计仅会将区间上限微调至2.5%。
The company cut its fiscal 2027 revenue growth forecast to 1 per cent-2 per cent from 1.5 per cent-3 per cent, while most analysts had expected it to trim only the upper end of the range to 2.5 per cent.
LKP Securities分析师Anshul Jethi表示：“同行目前比Infosys处境更好，股价波动正是反映了这一点。从2026财年第四季度财报起，Infosys就一直表现不佳。”
"Peers are better placed than Infosys at this point, and the share movement is just reflecting that. Infosys has been underperforming from Q4FY26 results," LKP Securities analyst Anshul Jethi said.
他补充称，AI竞争以及客户直接扩建全球能力中心或离岸技术中心，而非委托Infosys提供IT服务，也在冲击该公司。
AI competition and clients expanding their global capability centres or offshore tech hubs directly, rather than engaging Infosys for IT services, are also hurting the company, he added.
Systematix分析师称这是一个“令人失望的季度”，强调竞争加剧带来的定价压力、因AI导致的客户生产力要求提高，以及零售和高科技客户科技支出低迷。
Systematix analysts called it a "disappointing quarter", highlighting pricing pressure from heightened competition and client productivity demands on account of AI, and subdued tech spending among retail and high-tech clients.
券商Motilal Oswal表示，销量疲软、涨价幅度小于预期、向离岸交付转移，以及Infosys决定退出一份大型欧洲制造合同，均拖累了增长。
Brokerage Motilal Oswal said weaker volumes, smaller-than-expected price increases, a shift toward offshore delivery and Infosys' decision to exit a large European manufacturing contract had weighed on growth.
TD Cowen表示，宏观经济不确定性、AI驱动的生产力要求、竞争加剧损害了定价和销量，而季节性疲软和客户削减规模可能拖累下半年增长。
TD Cowen said macroeconomic uncertainty, AI-led productivity demands, and heightened competition have hurt pricing and volumes, while seasonal weakness and client ramp-downs could weigh on second-half growth.
根据LSEG汇编的数据，分析师平均给予该股“买入”评级，目标价中位数为1180卢比。
Analysts rate the stock "Buy" on average, with a median price target of 1,180 rupees, according to data compiled by LSEG.
截至印度标准时间上午 10:53，该股最后报 1136 卢比，下跌 1.5%。Nifty IT 指数下跌 0.2%，而基准 Nifty 50 指数上涨 0.16%。
Shares were last trading 1.5 per cent lower at 1,136 rupees as of 10:53 a.m. IST. The Nifty IT index was down 0.2 per cent while the benchmark Nifty 50 index was up 0.16 per cent.