Financial Highlights

Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) announced that for the quarter ended 30 June 2026 it generated reported revenue of $5,082 million, reflecting a 2.8% year‑on‑year increase and 0.8% quarter‑on‑quarter growth in reported currency. In constant‑currency terms revenue rose 2.4% YoY and 1.0% QoQ. The company posted an operating margin of 21.1%, up 0.3% YoY and 0.2% QoQ, delivering an operating profit of $1,072 million. Basic earnings per share were $0.20, a 3.7% YoY rise, with diluted EPS matching at $0.20 (up from $0.19 a year earlier). Free cash flow for the quarter was $955 million, representing 116.5% of net profit, and the press release highlighted a robust $0.96 billion free‑cash‑flow figure.

Large Deal Wins and AI Revenue Share

The firm secured total contract value (TCV) of $3.6 billion in large‑deal wins during the quarter, of which 61% was net new business. AI‑related services accounted for 8.2% of total revenue.

FY27 Guidance

Infosys reaffirmed its FY27 outlook, narrowing revenue growth guidance to 1.5%‑3.0% in constant currency and maintaining an operating‑margin target of 20%‑22%.

Operating Metrics and Commentary

CEO and MD Salil Parekh stated that AI momentum is converting into revenue and that large‑deal wins powered by the Infosys Topaz platform reinforce client confidence. He emphasized strategic partnerships with leading AI firms and a continued focus on reskilling the workforce. CFO Jayesh Sanghrajka highlighted the resilient 21.1% margin and strong cash generation, noting accelerated investments in AI, talent and platforms to drive future growth while preserving financial flexibility.

Client Wins & Collaborations

  • Mercedes‑Benz Group AG: renewed partnership to migrate a major hybrid‑cloud and data‑center operation to an AI‑led model, embedding AIOps and agentic AI via Infosys Topaz and Infosys Cobalt.
  • Nokia: collaboration to strengthen product‑engineering capabilities across its core‑network portfolio.
  • Bendigo Bank: a seven‑year engagement to accelerate innovation for its 2.9 million customers.
  • DNB Bank ASA: expanded partnership to modernise financial‑crime operations using NICE Actimize’s X‑Sight platform.
  • Sentara: joint effort to scale enterprise AI adoption in healthcare services.
  • GlobalFoundries: renewed collaboration to accelerate AI‑driven transformation of IT operations.
  • Spark New Zealand: partnership to embed cloud and AI capabilities into technology delivery and digital operations.
  • Cox Communications: joint modernisation of technology operations to enhance digital customer experiences.
  • Ventura Foods: partnership leveraging Oracle Fusion Cloud and Infosys Topaz for an AI‑first value‑chain strategy.
  • Sterling Bank of Asia: collaboration with Infosys Finacle to improve employee and customer experience and reduce operational complexity.
  • Bank of Sydney: successful go‑live of the Finacle Digital Banking Suite on AWS cloud.
  • OpenAI: joint effort to accelerate enterprise AI transformation using Codex, focusing on large‑scale software transformation.
  • Harness: partnership to address the “AI Velocity Paradox” by combining Harness’s intelligent delivery platform with Infosys’s enterprise expertise.

Awards & Recognitions

Infosys received multiple accolades in 2026, including:

  • Top‑3 rankings in three categories of the Extel Asia Executive Survey (Best CFO, Best IR Program, Best ESG Program).
  • #1 ranking on LinkedIn Top Companies in India for 2026.
  • Bronze Stevie® Award for Innovation in Investor Relations.
  • Global CSR, Sustainability & ESG Awards (Best Skill Development Programme) and HR Distinction Awards (Best Resourcing Strategy).
  • Leadership recognitions in Gartner Magic Quadrant for Cloud ERP Services, Everest Group and Oracle Cloud Services PEAK Matrix® assessments, and HFS Horizons for Data Modernisation, AI, SAP S/4HANA, and GCC services.
  • Multiple industry‑specific leadership positions in Everest Group, Forrester Wave, IBS Intelligence, and MEA Finance Banking Technology Awards across banking, fintech, and semiconductor sectors.

Balance Sheet Overview (as of 30 June 2026)

  • Total assets: $16,359 million (current assets $10,405 million; non‑current assets $5,954 million).
  • Cash & cash equivalents: $2,287 million.
  • Current investments: $837 million.
  • Trade receivables: $3,569 million.
  • Unbilled revenue (current): $1,759 million.
  • Other current assets: $1,953 million.
  • Property, plant & equipment & right‑of‑use assets: $2,066 million.
  • Goodwill & other intangibles: $2,042 million.
  • Non‑current investments: $924 million.
  • Unbilled revenue (non‑current): $207 million.
  • Other non‑current assets: $715 million.
  • Total liabilities: $6,685 million (current liabilities $5,588 million; non‑current liabilities $1,097 million).
  • Trade payables: $463 million.
  • Unearned revenue: $1,222 million.
  • Employee benefit obligations: $388 million.
  • Other current liabilities: $3,515 million.
  • Lease liabilities: $563 million.
  • Other non‑current liabilities: $534 million.
  • Total equity: $9,674 million (equity attributable to shareholders $9,619 million; non‑controlling interests $55 million).

Income Statement Highlights (3 months ended 30 June 2026)

  • Revenue: $5,082 million vs $4,941 million FY25.
  • Cost of sales: $3,482 million vs $3,416 million.
  • Gross profit: $1,600 million vs $1,525 million.
  • Selling & marketing expenses: $270 million vs $258 million.
  • Administrative expenses: $258 million vs $239 million.
  • Total operating expenses: $528 million vs $497 million.
  • Operating profit: $1,072 million vs $1,028 million.
  • Other income, net of finance cost: $91 million vs $110 million.
  • Profit before tax: $1,163 million vs $1,138 million.
  • Income tax expense: $343 million vs $329 million.
  • Net profit (after non‑controlling interests): $819 million vs $809 million.
  • Basic EPS: $0.20 (up 3.7% YoY).

Forward‑Looking Statements

The release contains forward‑looking statements regarding future growth prospects, margins, AI adoption, talent reskilling, regulatory environment, and other matters. These statements are subject to risks and uncertainties detailed in Infosys’s Form 20‑F filing for the fiscal year ended 31 March 2026 and other SEC disclosures. The company does not undertake to update any forward‑looking statements unless required by law.