Infosys: Quarterly revenue crosses $5 bn mark
Infosys (NYSE: INFY) reported Q2 FY26 revenue of $5,076 million (2.9% YoY, 2.2% QoQ in constant currency) and H1 reported revenue of $10,018 million (+3.3% YoY CC). Operating margin was 21.0% for Q2 and 20.9% for H1. Free cash flow was $1.1 billion in Q2 (131.1% of net profit). Large-deal TCV was $3.1 billion with 67% net new. Management revised FY26 revenue guidance to 2%-3% CC and maintained margin guidance at 20%-22%. The company announced a share buyback of ₹18,000 crores and an interim dividend of ₹23 per share.
Infosys (NYSE: INFY) ha riportato ricavi del 2T FY26 di $5,076 milioni (2,9% YoY, 2,2% QoQ in valuta costante) e ricavi dell'H1 di $10,018 milioni (+3,3% YoY CC). Il margine operativo è stato del 21,0% per il 2T e del 20,9% per l'H1. Il free cash flow è stato di $1,1 miliardo nel 2T (131,1% dell’utile netto). Il TCV per grandi contratti è stato di $3,1 miliardi con il 67% di net new. Il management ha rivisto le previsioni di ricavi FY26 a 2%-3% CC e ha mantenuto la guidance sui margini a 20%-22%. L’azienda ha annunciato un buyback azionario di ₹18.000 crores e un dividendo interino di ₹23 per azione.
Infosys (NYSE: INFY) informó ingresos del 2T FY26 de $5,076 millones (2,9% interanual, 2,2% intertrimestral en moneda constante) y ingresos del H1 de $10,018 millones (+3,3% YoY CC). El margen operativo fue del 21,0% en el 2T y del 20,9% para el H1. El flujo de caja libre fue de $1,1 mil millones en el 2T (131,1% del beneficio neto). El TCV de grandes acuerdos fue de $3,1 mil millones con 67% neto nuevo. La dirección revisó la guía de ingresos FY26 a 2%-3% CC y mantuvo la guía de margen en 20%-22%. La empresa anunció una recompra de acciones por ₹18,000 crores y un dividendo interino de ₹23 por acción.
Infosys (NYSE: INFY)는 FY26 2분기 매출로 50.76억 달러를 보고했고(전년비 2.9%, 상수통화 기준 QoQ 2.2%), H1 매출은 100.18억 달러(+전년비 3.3% CC)라고 공시했습니다. 영업이익률은 2분기에 21.0%, H1은 20.9%였습니다. 2분기 자유현금흐름은 11억 달러로 순이익의 131.1%에 해당합니다. 대형 거래의 TCV는 31억 달러이며 순 신규 비중은 67%입니다. 경영진은 FY26 매출 가이던스를 CC 기준 2%-3%로 수정했고 마진 가이던스는 20%-22%를 유지했습니다. 회사는 주식 재매입 ₹18,000 crores와 주당 배당 ₹23를 발표했습니다.
Infosys (NYSE: INFY) a déclaré un chiffre d'affaires du 2e trimestre de l'exercice FY26 de 5 076 millions de dollars (2,9% sur un an, 2,2% en glissement trimestriel en monnaie constante) et un chiffre d'affaires sur le premier semestre de 10 018 millions de dollars (+3,3% sur un an CC). La marge opérationnelle était de 21,0% pour le 2e trimestre et de 20,9% pour le semestre. Le flux de trésorerie libre était de 1,1 milliard de dollars au 2e trimestre (131,1% du bénéfice net). Le TCV des gros deals était de 3,1 milliards de dollars avec 67% de net new. La direction a revu les prévisions de chiffre d'affaires FY26 à 2%-3% CC et a maintenu les prévisions de marge à 20%-22%. L'entreprise a annoncé un programme de rachat d'actions pour ₹18 000 crores et un dividende intérimaire de ₹23 par action.
Infosys (NYSE: INFY) meldete Umsatzerlöse im Q2 FY26 von 5,076 Milliarden USD (YoY 2,9%, QoQ 2,2% in konstanter Währung) und Umsatzerlöse im H1 von 10,018 Milliarden USD (+3,3% YoY CC). Die operativen Marge betrug im Q2 21,0% und im H1 20,9%. Der freie Cashflow betrug im Q2 1,1 Milliarde USD (131,1% des Nettogewinns). Der TCV für Großabschlüsse betrug 3,1 Milliarden USD mit 67% netto Neu. Das Management hat die Umsatzprognose für FY26 auf 2%-3% CC angepasst und die Margenprognose bei 20%-22% belassen. Das Unternehmen kündigte ein Aktienrückkaufprogramm in Höhe von ₹18.000 Crores und eine Zwischendividende von ₹23 pro Aktie an.
أبلغت Infosys (بورصة نيويورك: INFY) عن إيرادات الربع الثاني للسنة المالية FY26 قدرها 5,076 مليون دولار (المقارنة السنوية +2.9%، +2.2% ربع سنوية بعملة ثابتة) وإيرادات النصف الأول قدرها 10,018 مليون دولار (+3.3% YoY CC). الهامش التشغيلي كان 21.0% للربع الثاني و20.9% للنصف الأول. التدفق النقدي الحر كان 1.1 مليار دولار في الربع الثاني (131.1% من صافي الربح). TCV الصفقات الكبيرة كان 3.1 مليار دولار مع 67% صافي جديد. قامت الإدارة بتعديل توجيه الإيرادات FY26 إلى 2%-3% CC وحافظت على توجيه الهامش عند 20%-22%. أعلنت الشركة عن إعادة شراء أسهم بقيمة ₹18,000 crores وتوزيع نصف سنوي قدره ₹23 للسهم.
Infosys（NYSE: INFY）公布 FY26 第2季度收入为 50.76 亿美元（同比 2.9%，以等币种环比 2.2%），上半年的收入为 100.18 亿美元（+3.3% CC）。运营利润率第2季度为 21.0%，上半年为 20.9%。第2季度自由现金流为 11 亿美元，为净利润的 131.1%。大额交易的 TCV 为 31 亿美元，净新增占比 67%。管理层将 FY26 收入指引修订为 CC 2%-3%，并将利润率指引维持在 20%-22%。公司宣布回购股票 ₹18,000 crores，并公布每股中期股息 ₹23。
- Q2 revenue $5,076 million
- Large-deal TCV $3.1 billion (67% net new)
- Free cash flow $1.1 billion (131.1% of net profit)
- Operating margin 21.0% in Q2
- Share buyback ₹18,000 crores announced
- FY26 revenue guidance cut to 2%-3% CC
- Operating margin slight YoY decline (20.9% H1 vs prior year)
- Headcount increase 8,203 may raise near-term costs
Insights
Infosys reports steady revenue and strong cash flow, with large deal wins and a substantial buyback but modest FY26 revenue guidance.
Infosys delivered $5,076 million in Q2 revenue, showing
The business mechanism is straightforward: steady contract wins and high cash conversion support capital returns while margins remain near management targets (
Second consecutive quarter of strong performance
Revenue growth of
FY26 revenue guidance revised to
BENGALURU,
H1 revenues grew at
"We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance. Strong deal wins, with
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Guidance for FY26:
- Revenue growth of
2% -3% in constant currency - Operating margin of
20% -22%
Key highlights:
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For the quarter ended September 30, 2025
• Revenues in CC terms grew by
• Reported revenues at
• Operating margin at
• Basic EPS at
• FCF at |
For the six months ended September 30, 2025
• Revenues in CC terms grew by
• Reported revenues at
• Operating margin at
• Basic EPS at
• FCF at |
"We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation and
Client Wins & Testimonials
- Infosys transformed ABN AMRO's lending process with nCino platform implementation by consolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, IT Lead–Credits, ABN AMRO, said, "The transition to the nCino Platform, facilitated by our partners like Infosys, has brought about a significant shift in how we manage our lending process. This solution will improve operational efficiency, enhance our collateral management capabilities, and provide our customers with a faster, more transparent experience. As we look to the future, this platform will be a cornerstone of our continued growth and transformation."
- Infosys collaborated with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-border payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, "Through Mastercard Move's cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with Infosys, we're helping financial institutions deliver the seamless digital payments experiences today's customers expect."
- Infosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, with a strong focus on data security, operational agility, and future AI integration. Anna Maria Blengino, CIO, Sunrise, said, "Through our strategic collaboration with Infosys, we are consolidating our technology landscape and infusing it with AI, putting enhanced customer experience at the heart of this transition. The Sunrise and Infosys teams are working side by side with a true one-team mindset to design and deliver platforms that are more agile, predictive, and scalable."
- Infosys announced a joint venture with Telstra, in
Australia , by acquiring75% of the shareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-enabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, Telstra, said, "Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group's growth and impact across the region." - Infosys collaborated with RWE AG to drive automated digital workplace transformation and improve operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, "By leveraging modern technologies and aligning them with our sustainability and efficiency goals, we are streamlining operations, empowering our people, and creating value across RWE. Our collaboration with trusted partners like Infosys underscores our commitment to a resilient, agile digital workplace that drives sustainable growth."
- Infosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven efficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief Strategy, Transformation, Analytics and Technology Officer, HanesBrands, said, "As we continue to evolve our operational model, we sought an experienced collaborator with deep domain expertise and advanced capabilities in AI-driven transformation. Infosys' AI-first approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity."
- Infosys collaborated with AGCO to deliver IT and HR operations transformation with an efficient and future-ready operational framework for growth. Viren Shah, Chief Digital & Information Officer, AGCO Corporation, said, "At AGCO, we're committed to delivering excellence in everything we do, always putting Farmers First. Collaborating with Infosys is intended to enable us to create a responsive, streamlined and innovative operational ecosystem within IT and other functions that allows our teams to focus on critical and strategic initiatives that center on the farmer."
- Uniting Financial Services (UFS),
Australia , subscribed to Infosys Finacle's Digital Banking SaaS suite on AWS cloud, in a move that was completed in less than five months. John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services, said, "We are delighted to announce the successful go-live of the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape." - Infosys collaborated with Glion Arena Kobe as their official digital innovation and GX partner to power smart and sustainable entertainment experiences. Jun Shibuya, President and Representative Director, One Bright
KOBE Corporation, said, "Glion Kobe Arena is a new landmark commemorating the 30th anniversary of the Great Hanshin-Awaji Earthquake. Our vision for the arena is to become a pioneering next-generation entertainment venue, offering spectacular events while operating sustainably. We are happy to announce our agreement with Infosys as our official digital innovation and GX partner. Leveraging Infosys' innovative solutions will help us aggregate data, utilize cloud technologies, explore new revenue opportunities, and deliver a seamless experience for all our fans and visitors."
Recognitions & Awards
Brand & Corporate
- Infosys honored with awards at 'The Asset Corporate Sustainability Leadership Awards 2025'. Categories include the 'Platinum Award for Excellence' and 'Best Investor Relations Team'
- Recognized as one of the World's Best Companies 2025 by TIME and Statista for its excellence in employee satisfaction, revenue growth, and sustainability transparency
- Recognized among the World's Most Trustworthy Companies 2025 by Newsweek and Statista
- Recognized as one of the Best Companies for Women in
India in the Hall of Fame for the seventh consecutive year and the 2025 Avtar & Seramount Best Companies for Women inIndia in the IT sector - Honored with the Exemplars of Inclusion in the Most Inclusive Companies Index 2025 by Avtar & Seramount
- Recognized among the top 10 in the newly launched category of Best Companies for ESG in
India in 2025 by Avtar & Seramount - Infosys Foundation & Infosys ESG Annual Report FY24-25 received the Gold Stevie® Award in the categories of 'Best Annual Report - Non-Profit Organizations' and 'Other Publication - Company'. Infosys Integrated Report secured the Silver Stevie® Award for 'Best Annual Report - Publicly-Held Corporations' at the 22nd Annual International Business Awards®
- Infosys BPM received the 9th Edition Women Empowerment Summit and GIWL Awards for 'Best Organization for Women Empowerment'
- Infosys BPM received the 20th Edition Future of L&D Summit and Awards 2025 for 'Best Digital Learning initiative'
- Infosys BPM received the Brandon Hall HCM Excellence Learning and Development Awards for 'Best Learning Strategy'
AI and Cloud Services
- Positioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud IT Transformation Services
- Positioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting and Implementation Services (Innovation Guide for Generative AI Consulting and Implementation Services)
- Recognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services 2025 Vendor Assessment
- Recognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2025
- Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in Clinical Trials 2025
- Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine Learning Best-of-Breed Platforms
- Recognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications
- Infosys EdgeVerve recognized as the 'Company of the Year' with Silver Stevie® Awards in two categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, and ii) Business Technology for enterprise transformation
Key Digital Services
- Recognized as a leader in IDC MarketScape: India IT/Digital Transformation Services for Public Sector 2025 Vendor Assessment
- Recognized as a leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined Vehicles 2025 Vendor Assessment
- Recognized as a leader in IDC MarketScape: Worldwide Industrial IoT End-to-End Engineering and Life-Cycle Services 2025 Vendor Assessment
- Rated as a leader in Everest Group: Microsoft Business Application Services PEAK Matrix® Assessment 2025
- Rated as a leader in Everest Group: Global Digital Workplace Services PEAK Matrix® Assessments 2025
- Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix® Assessment 2025
- Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix® Assessment 2025
- Rated as a leader in Everest Group: Net-Zero Consulting Services PEAK Matrix® Assessment 2025
- Recognized as a leader in HFS Horizons: Digital Marketing and Sales Services, 2025
- Recognized as a leader in HFS Horizons: Cybersecurity Services, 2025
- Positioned as a leader in NelsonHall: ServiceNow Services 2025 NEAT
- Recognized as a leader in Constellation ShortList: Customer Experience (CX) Design & Execution Services - Global
- Recognized as a leader in Constellation ShortList: Digital Transformation Services (DTX) - Global
- Recognized as a leader in Constellation ShortList: Customer Experience (CX) Operations Services - Global
- Recognized as a leader in Constellation ShortList for ER&D
- Recognized as a leader in Constellation ShortList: AI Services - Global
- Recognized as leader in Avasant Utilities Digital Services 2025 RadarView™
- Recognized as leader in Avasant Global Competency Center (GCC) Services 2025 RadarView™
- Infosys China recognized as the 'Leading Digital Service Providers 2025 - Top 100' by China Council for International Investment Promotion
Industry & Solutions
- Recognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider (HCP) Engagement Services 2025
- Recognized as a leader in HFS Horizons: The Best Service Providers for Mortgage Reinvention, 2025
- Positioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT
- Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Origination Systems 2025 Vendor Assessment
- Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Lifecycle Management 2025 Vendor Assessment
- Infosys Finacle along with its customers received three awards at the MEA Finance Leaders in Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National Bank, Best Real-Time Payments Provider - Infosys Finacle, and Best Instant Payments Technology Solution - Infosys Finacle
- Infosys Finacle along with its customers received three awards at the Finnovex Awards Saudi Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence in Digital Corporate Banking - Banque Saudi Fransi, and Excellence in Composable Banking Platforms - Infosys Finacle
Read more about our Awards & Recognitions here.
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident, and the United States H-1B visa program are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, the outcome of the government investigation, the timing, implementation, duration and effect of the September 19, 2025 proclamation signed by the president of
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Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions) |
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September 30, 2025 |
March 31, 2025 |
|
ASSETS |
|
|
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Current assets |
|
|
|
Cash and cash equivalents |
3,585 |
2,861 |
|
Current investments |
1,420 |
1,460 |
|
Trade receivables |
3,826 |
3,645 |
|
Unbilled revenue |
1,612 |
1,503 |
|
Other current assets |
1,470 |
1,890 |
|
Total current assets |
11,913 |
11,359 |
|
Non-current assets |
|
|
|
Property, plant and equipment and Right-of-use assets |
2,172 |
2,235 |
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Goodwill and other Intangible assets |
1,652 |
1,505 |
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Non-current investments |
1,225 |
1,294 |
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Unbilled revenue |
260 |
261 |
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Other non-current assets |
842 |
765 |
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Total non-current assets |
6,151 |
6,060 |
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Total assets |
18,064 |
17,419 |
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LIABILITIES AND EQUITY |
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Current liabilities |
|
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Trade payables |
432 |
487 |
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Unearned revenue |
1,016 |
994 |
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Employee benefit obligations |
375 |
340 |
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Other current liabilities and provisions |
3,401 |
3,191 |
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Total current liabilities |
5,224 |
5,012 |
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Non-current liabilities |
|
|
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Lease liabilities |
674 |
675 |
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Other non-current liabilities |
479 |
477 |
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Total non-current liabilities |
1,153 |
1,152 |
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Total liabilities |
6,377 |
6,164 |
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Total equity attributable to equity holders of the company |
11,634 |
11,205 |
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Non-controlling interests |
53 |
50 |
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Total equity |
11,687 |
11,255 |
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Total liabilities and equity |
18,064 |
17,419 |
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Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: |
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(Dollars in millions except per equity share data) |
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3 months ended |
3 months ended |
6 months ended |
6 months ended |
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Revenues |
5,076 |
4,894 |
10,018 |
9,608 |
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Cost of sales |
3,516 |
3,400 |
6,933 |
6,659 |
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Gross profit |
1,560 |
1,494 |
3,085 |
2,949 |
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Operating expenses: |
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|
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Selling and marketing expenses |
254 |
221 |
512 |
454 |
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Administrative expenses |
241 |
240 |
480 |
469 |
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Total operating expenses |
495 |
461 |
992 |
923 |
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Operating profit |
1,065 |
1,033 |
2,093 |
2,026 |
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Other income, net (3) |
100 |
72 |
210 |
160 |
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Profit before income taxes |
1,165 |
1,105 |
2,303 |
2,186 |
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Income tax expense |
325 |
327 |
654 |
644 |
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Net profit (before minority interest) |
840 |
778 |
1,649 |
1,542 |
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Net profit (after non-controlling interest) |
839 |
777 |
1,647 |
1,540 |
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Basic EPS ($) |
0.20 |
0.19 |
0.40 |
0.37 |
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Diluted EPS ($) |
0.20 |
0.19 |
0.40 |
0.37 |
NOTES :
- The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended September 30, 2025, which have been taken on record at the Board meeting held on October 16, 2025.
- A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com .
- Other income is net of Finance Cost .
- As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six months ended figures reported in this statement.
IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-results/2025-2026/q2/documents/ifrs-inr-press-release.pdf
Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2025-2026/q2/documents/fact-sheet.pdf
Logo: https://mma.prnewswire.com/media/633365/4364085/Infosys_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/infosys-quarterly-revenue-crosses-5-bn-mark-302586275.html
SOURCE Infosys
FAQ
What were Infosys (INFY) Q2 FY26 revenues and growth rates reported on October 16, 2025?
How much free cash flow did Infosys (INFY) generate in Q2 FY26?
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What was the size and composition of Infosys's large-deal wins in Q2 FY26?
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