| 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
- ₹1,000.20
- Market cap
- ₹4,05,909 Cr
- Revenue (annual)
- ₹1,78,650 Cr
- Net profit (annual)
- ₹29,440 Cr
- P/E (TTM)
- 13.4×Sector 22.1×
- Promoter holding
- 13.82%-0.56% QoQ
- FII holding
- 27.09%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Infosys Ltd
All →Infosys Other Announcement
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Infosys Employee Stock Options
Infosys allotted 44,116 equity shares to employees under its ESOP and ESP schemes. Issued share capital rises to ₹20,29.14 Crore as of September 18, 2026.
Infosys Capacity Expansion
Infosys inaugurated a new 330,000-sq. ft. Software Development Block at its Indore campus. This expansion strengthens the company's regional presence and infrastructure in Central India.
- facility area
- 330000.0 sq. ft.
Infosys Board Meeting Date
Infosys will hold a Board meeting on October 22-23, 2026, to approve financial results for the quarter ending September 30, 2026, and consider an interim dividend.
Infosys Employee Stock Options
Infosys Employee Benefits Trust sold 5,267 shares in an off-market transaction, valued at ₹0.55 Crore. The disclosure relates to management of the company's employee stock option scheme.
- Value
- ₹0.55 Cr
Infosys Other Announcement
Infosys Foundation inaugurates a cardio-obstetric unit and catheterization lab at Madras Medical College, Chennai. A grant of over ₹31 crore strengthens maternal cardiac care facilities.
- Value
- ₹31.00 Cr