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Outsourcing giant Infosys raised sales guidance for a third time. AI is helping. - MarketWatch

1. Infosys raised sales outlook due to AI adoption by clients. 2. Q3 profit rose 10% to $804 million; revenue increased 6% to $4.94 billion. 3. Margins improved by 0.8 percentage points to 21.3% year-over-year. 4. 101 new clients added, targeting 4.5% to 5.0% revenue growth. 5. Stock has risen 4% over the last 52 weeks, premarket up 0.5%.

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FAQ

Why Bullish?

Positive outlook and profit increase could enhance investor confidence in INFY.

How important is it?

The consistent upward revision of sales outlook indicates strong market demand and could lead to stock price appreciation.

Why Short Term?

Immediate market reactions expected due to improved earnings and guidance.

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