India's Infosys misses quarterly revenue view, names insider as CEO designate

BENGALURU, July 23 : Infosys reported lower-than-expected quarterly revenue on Thursday as clients held back spending amid disruption from artificial intelligence, and named insider Ashiss Kumar Dash as CEO designate, set to take over in April 2027.Current CEO Salil Parekh's term ends in March next year. Dash, who will lead Infosys for the next 5 years, is the head of its energy vertical and has been with the company for more than three decades, Infosys said.The Bengaluru-based company also cut the upper end of its revenue growth forecast to 3 per cent from an earlier 3.5 per cent forecast.Brokerages had expected a revenue growth estimate of 2.5 per cent-4.5 per cent for the year. Revenue for the three months ended June rose 14 per cent to 482.11 billion rupees ($4.99 billion), missing ana