Infosys Ltd raised its annual sales forecast on upbeat demand for its digital services, alleviating concerns that a slowing global economy will stifle technology spending. Revenue will grow 14% to 16% in the fiscal year through March 2023, India’s No 2 software services exporter said in a statement yesterday. That compares with 13% to 15% it projected in April. Analysts predict growth of 17%, the average of estimates compiled by Bloomberg. For the April to June quarter, Infosys said revenue rose 24% from a year ago to Rs344.7bn ($4.3bn), beating estimates of Rs340.09bn. Revenue from the financial services segment rose 15% from a year earlier to Rs105.6bn, although it trailed estimates of Rs
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