ALFA Finder| Management target | Revenue 3.0% FY27 |
|---|
| Revenue growth | 2.4% YoY CC; FY27 midpoint lowered to 2.25%. |
|---|---|
| Margins | 70bps tailwind from currency; 20bps from Project Maximus efficiency. |
| Order book | Large deals at $3.6bn; 61% net new; 22 major wins. |
| Demand visibility | Uncertain macro; soft discretionary spend; volumes weaker than historical trends. |
| Management confidence | Confident in 20-22% margin range despite wage hike headwinds. |
Growth
Revenue grew 1% sequentially; AI services revenue reached 8.2% of total, growing double-digits Q-on-Q.
Outlook
FY27 revenue guidance revised to 1.5%-3.0% (down from 1.5%-3.5%); margin guidance maintained at 20%-22%.
Risks
Macro uncertainty, program termination by an EURS client, soft volumes, and high competitive pricing intensity.
Last quarter's promises, checked
Delivered
- Operating margin guidance 20-22% → delivered 21.1% (= BEAT)
- Expected FS/EURS to grow above average → delivered as expected (= BEAT)
- Utilization expected to improve → delivered 84.9% vs 83% (= BEAT)
Partly delivered
- Large deals expected to remain strong → delivered $3.6bn vs $3.2bn prev. quarter (= BEAT), but macro remains uncertain (= PARTIAL)
Missed
- FY27 revenue guidance 1.5-3.5% → delivered 1.5-3.0% midpoint cut (= MISS)
- Pricing expected to remain stable → delivered softer pricing vs expectations (= MISS)
Investor Presentation filed with BSE, NSE: INFY. Summary written with AI assistance from the document.
Infosys Ltd: key numbers
- Share price
- ₹1,145.80
- Market cap
- ₹4,64,999 Cr
- Revenue (annual)
- ₹1,78,650 Cr
- Net profit (annual)
- ₹29,440 Cr
- P/E (TTM)
- 15.1×Sector 23.6×
- Promoter holding
- 13.90%+0.08% QoQ
- FII holding
- 27.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Infosys Ltd
All →Infosys Employee Stock Options
Infosys Employee Benefits Trust sold 574 shares off-market on 03-11-2026, valued at Rs.0.06 Crore. The trust's holding stayed at 0.19%.
- Value
- ₹0.06 Cr
Infosys Capacity Expansion
Infosys inaugurated a new 1.1 million sq ft Software Development Block at its Pocharam campus in Hyderabad. The block adds 10,000 seats, supporting over 13,000 additional employees under a hybrid model.
- new development block seats
- 10000 seats
Infosys Other Announcement
Infosys designated person sold 4,000 ADRs on NYSE for ₹0.47 Crore. Post-sale holding reduced from 8,586 to 4,586 units.
- Value
- ₹0.47 Cr
Infosys Investor Presentation: Key Takeaways
Q2 FY27 revenue $5,145mn, +1.5% YoY cc; op margin 21%; FCF $928mn; AI 10.5% of revenue. FY27 revenue guidance cut to 1–2% cc from 1.5–3%.
Infosys Earnings Call Transcript: Key Takeaways
Q2 FY27 constant-currency revenue grew 1.5% YoY, below plan, and FY27 guidance was cut to 1-2% from 1.5-3%. Operating margin held at 21%; AI revenue reached 10.5% of sales, up 29% QoQ.
Infosys Business Update
Infosys announced the go-live of Syngenta's global SAP S/4HANA transformation for its Crop Protection business. The project supports over 10,000 employees across 80 countries.