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Earnings Call Transcript

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.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthQ2 +1.5% YoY cc, +1.2% QoQ; acquisition added ~0.4% QoQ.
MarginsOp margin 21%, down 0.1% QoQ; FY27 guide 20-22% unchanged.
Order bookLarge deal TCV $5.2bn, 62% net new; H1 $8.8bn, up 28% YoY.
Demand visibilityCautious spend; Retail, Hi-Tech weak; FS, EURS stronger; pipeline healthy.
Management confidenceBalanced: guidance cut, but touts AI momentum and deal wins.

Growth

Revenue $5,145 mn, +1.5% YoY and +1.2% QoQ in constant currency; acquisition added ~0.4% QoQ; H1 growth 1.9%.

Outlook

FY27 revenue growth 1-2% YoY in constant currency; margin 20-22%; $2bn net-new mega deal adds over 1% in FY28.

Risks

Guidance cut; softer volumes, pricing pressure, Retail and Hi-Tech weakness; H2 margin headwinds from pay hikes and AI productivity sharing.

Source

Earnings Call Transcript filed with NSE, NSE: INFY. Summary written with AI assistance from the document.

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Infosys Ltd: key numbers

Share price
₹1,123.15
Market cap
₹4,55,807 Cr
Revenue (annual)
₹1,78,650 Cr
Net profit (annual)
₹29,440 Cr
P/E (TTM)
14.8×Sector 22.9×
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.

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