India's Infosys raises revenue outlook on strong deal pipeline

IT services giant says it is 'watchful' of economic situation in U.S. and Europe

20221013N Infosys

India's second-largest IT services provider had a strong first half, but warns of headwinds for the remainder of the year. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- Indian information technology giant Infosys on Thursday increased its revenue guidance for the current fiscal year on the back of a slew of sizable orders, but cautioned that some of its clients have begun cutting back on technology spending amid fears of recession.

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