Shareholders quiz Infosys on AI hit as stock nears six-year low
Summary
Infosys faced sharp shareholder scrutiny at its AGM over falling shares, soft demand, and concerns that AI could weaken IT services demand. Management said AI creates large opportunity ahead, but also acknowledged cautious client behavior and growth pressure from AI-related pricing effects. The company reaffirmed its hiring plans and said it will recruit about 20,000 freshers in FY27. The article also highlights ongoing investor worries about guidance, buybacks, and the future relevance of IT services firms as AI adoption accelerates.
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