Infosys Raises Sales Forecast, Proving Tech Spending Isn't Dead Yet (But Still on Life Support)

Infosys Ltd., one of the largest IT companies in India, has decided to join the party and raise its annual sales forecast, because who doesn't love a good underpromise and overdeliver story? The company's revised forecast indicates that corporate IT spending, which had been in a coma, is finally showing signs of life, albeit still on life support. With this move, Infosys is signaling that the prolonged slump in tech spending might be easing, and companies are once again willing to open their wallets for IT services. The growth in forecast is attributed to an increase in demand for digital transformation services, which is just a fancy way of saying companies are finally realizing they need to get with the times. As of now, the exact numbers are not out, but one thing is clear - Infosys is betting big on the revival of tech spending, and if it pays off, it could be a game-changer for the industry.