Infosys revises FY27 revenue guidance to 1%-2%

Q: What was INFY's revenue in Q2 2026?

Infosys reported Q2 revenue of $5,145 million for the quarter ended September 30, 2026, up 1.3% year over year. In constant-currency terms, revenue grew 1.5% year over year and 1.2% sequentially.

Q: What are INFY's interim dividend record and payment dates?

Infosys declared an interim dividend of 26 per equity share. The record date is November 3, 2026, and the payment date is November 11, 2026.

Q: How large were INFY's Q2 large-deal wins?

Large-deal total contract value was $5.2 billion, with 62% net new. The company also reported a mega deal of over $2 billion.

FY 27 revenue guidance is 1%-2%, while the operating-margin range remains 20%-22%.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

6-K

Rhea-AI Filing Summary

Infosys Limited reported $5,145 million in revenue for the quarter ended September 30, 2026, up 1.3% year over year; constant-currency revenue grew 1.5% year over year and 1.2% sequentially. Operating margin was 21.0%, and net profit was $819 million versus $840 million a year earlier. Free cash flow was $928 million, down 15.7% year over year. For the half year, revenue was $10,227 million, up 2.1% reported and 1.9% in constant-currency terms; free cash flow was $1,883 million, down 5.1%.

Large-deal total contract value was $5.2 billion, with 62% net new, and AI revenues grew 29% sequentially. FY 27 revenue guidance was revised to 1%-2%, while operating-margin guidance remained 20%-22%. The board declared an interim dividend of 26 per equity share, 13% above last year, with a November 3, 2026 record date and November 11, 2026 payment date. It also approved 9,640 RSUs for eligible employees, scheduled to be granted effective November 1, 2026 and vest equally over three years.

2 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance works How Sentiment works

0 major · 1 point

How the balance works

Positive

Moderate pointAI revenue grew 29% sequentially.
Minor pointThe interim dividend increased 13% from last year.

Negative

Moderate pointQ2 free cash flow fell 15.7%; half-year free cash flow fell 5.1%.

Filing Explained

The audited Ind-AS cash-flow statement reports ₹3,238 crore paid, net of cash acquired, toward a business acquisition during the six months ended September 30, 2026; this is a reported cash outflow already made, not a new commitment.

Key Figures

Q2 revenue: $5,145 million Operating margin: 21.0% Q2 free cash flow: $928 million; down 15.7% year over year +5 more

8 metrics

Q2 revenue $5,145 million Quarter ended September 30, 2026

Operating margin 21.0% Quarter and half year ended September 30, 2026

Q2 free cash flow $928 million; down 15.7% year over year Quarter ended September 30, 2026

Half-year free cash flow $1,883 million; down 5.1% year over year Half year ended September 30, 2026

TCV of large deal wins $5.2 billion; 62% net new Q2

AI revenue growth 29% quarter-on-quarter Q2

Interim dividend 26 per equity share; 13% increase from last year Record date November 3, 2026; payment date November 11, 2026

FY 27 revenue and operating-margin guidance Revenue 1%-2%; operating margin 20%-22% FY 27

Key Terms

constant currency, TCV, FCF conversion, Restricted Stock Units

4 terms

constant currency financial

"Revenues in CC terms grew by 1.5% YoY and 1.2% QoQ"

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

TCV financial

"TCV of large deal wins was $5.2 billion"

Total Contract Value (TCV) is the full dollar amount of a contract or customer agreement over its entire term, including one-time fees and recurring payments. For investors, TCV gives a quick sense of how much future revenue a company has locked in—like knowing the price of a multi-year subscription rather than just the monthly bill—and helps assess the size and durability of a company’s sales pipeline and growth prospects.

FCF conversion financial

"FCF conversion at 113.3% of net profit"

Restricted Stock Units financial

"grant of 9,640 Restricted Stock Units (RSUs)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was INFY's revenue in Q2 2026?

Infosys reported Q2 revenue of $5,145 million for the quarter ended September 30, 2026, up 1.3% year over year. In constant-currency terms, revenue grew 1.5% year over year and 1.2% sequentially.

What are INFY's interim dividend record and payment dates?

Infosys declared an interim dividend of 26 per equity share. The record date is November 3, 2026, and the payment date is November 11, 2026.

How large were INFY's Q2 large-deal wins?

Large-deal total contract value was $5.2 billion, with 62% net new. The company also reported a mega deal of over $2 billion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/23/2026 - 11:45 AM EDT Accepted by SEC EDGAR 10/23/2026 - 11:45 AM EDT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the month of October 2026

Commission File Number 001-35754

Infosys Limited

(Exact name of Registrant as specified in its charter)

Not Applicable.

(Translation of Registrant's name into English)

Electronics City, Hosur Road, Bengaluru - 560 100, Karnataka, India. +91-80-2852-0261

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):o

TABLE OF CONTENTS

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

SIGNATURES

INDEX TO EXHIBITS

EXHIBIT 99.1

EXHIBIT 99.2

EXHIBIT 99.3

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Infosys Limited (“we” or “the Company”) hereby furnishes the United States Securities and Exchange Commission with copies of the following information concerning our public disclosures regarding our results of operations and financial condition for the quarter and half year ended September 30, 2026.

The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On October 23, 2026, we announced our results of operations for the quarter and half year ended September 30, 2026. A copy of the outcome of the board meeting is attached to this Form 6-K as Exhibit 99.1.

We issued press releases announcing our results under International Financial Reporting Standards ("IFRS"), copies of which are attached to this Form 6-K as Exhibit 99.2.

We have placed the form of release to stock exchanges concerning our results of operations for the quarter and half year ended September 30, 2026 under Indian Accounting Standards (Ind-AS). A copy of the release to stock exchanges is attached to this Form 6-K as Exhibit 99.3.

The Board of Directors of the Company declared interim dividend of rupee symbol 26/- per equity share, fixed November 3, 2026 as a record date and November 11, 2026 as a payout date.

Among other things, based on the recommendations of the Nomination and Remuneration Committee, the Board approved the grant of 9,640 Restricted Stock Units (‘RSUs’) under the 2015 Incentive Compensation Plan (’2015 Plan’) to eligible employees. The grants made under the 2015 Plan would vest equally over a period of three years. The RSUs will be granted w.e.f., November 1, 2026 and the exercise price will be equal to the par value of the share.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Infosys Limited

Date: October 23, 2026

Jayesh Sanghrajka

Chief Financial Officer

INDEX TO EXHIBITS

Exhibit No.	Description of Document
99.1	Outcome of the Board Meeting
99.2	IFRS USD press release
99.3	Form of Release to Stock Exchanges

Exhibit 99.1
Outcome of the Board meeting

Exhibit 99.2

IFRS USD Press Release

Differentiated AI strategy and a sharp focus on value unlock propels 29% sequential growth in AI revenues

Robust Q2 large deal TCV at $5.2 billion with 62% net new; lays solid foundation for future growth

FY 27 revenue guidance revised to 1%-2% and margin guidance retained at 20%-22%

Bengaluru, India – October 23, 2026: Infosys (NSE, BSE, NYSE: INFY), a global leader in AI-first business consulting and technology services, delivered $5,145 million in Q2 revenues, year on year growth of 1.5% and sequential growth of 1.2% in constant currency. Operating margin was stable at 21.0%. EPS growth was 8.7% year on year in rupee terms. TCV of large deal wins was $5.2 billion, with 62% net new.

H1 revenues grew at 1.9% year on year in constant currency. Operating margin for H1 was at 21.0%.

“We had strong large deals of $5.2 billion, including a mega deal of over $2 billion, reinforcing our position as a trusted partner in the marketplace when clients embark on large and complex transformation programs. Our AI revenue was at 10.5% and grew 29% quarter-on-quarter. As enterprises move to AI adoption at scale, the strong growth in AI revenues is a recognition of our differentiated market positioning and client confidence,” said Salil Parekh, CEO and MD. “We are advising some of the largest global enterprise on their AI strategy and continue to invest in deep domain and technology capabilities to bring new ideas and an integrated ecosystem to help businesses unlock AI value at scale,” he added.

Guidance for FY 27:

Revenue growth of 1%-2% in constant currency

Operating margin of 20%-22%

Key highlights:

For the quarter ended September 30, 2026

For the six months ended September 30, 2026

· Revenues in CC terms grew by 1.5% YoY and 1.2% QoQ

· Reported revenues at $5,145 million, growth of 1.3% YoY

· Operating margin was stable at 21.0%

· Basic EPS at $0.20, decline of 0.3% YoY

· FCF at $928 million, decline of 15.7% YoY; FCF conversion at 113.3% of net profit

· Revenues in CC terms grew by 1.9% YoY

· Reported revenues at $10,227 million, growth of 2.1% YoY

· Operating margin was stable at 21.0%

· Basic EPS at $0.40, growth of 1.7% YoY

· FCF at $1,883 million, decline of 5.1% YoY; FCF conversion at 114.9% of net profit

“We delivered operating margins of 21.0% in Q2 amidst heightened volatility. Focus on cost and operational efficiency measures while making the required investments, have led to stable margins,” said Jayesh Sanghrajka, CFO. “Free cash flow of $928 million, representing 113.3% of net profit, underscores the financial strength of the business. The Board has announced an interim dividend of rupee symbol 26 per share, an increase of 13% from last year,” he added.

Client Wins & Testimonials

Infosys collaborated with Mondelez International to drive its supply chain transformation through AI-enabled decision-making, data standardization, and intelligent enterprise workflows. Sanjay Gurbaxani, Global Vice President, Digital Supply Chain, Mondelez International, said, “From digitally connected supply chain to standardizing data and enabling more informed decision-making, the opportunity lies in bringing together people, processes, data, and technology to deliver meaningful business outcomes. As AI evolves towards agentic AI, the potential extends beyond generating insights to enable more autonomous, responsive, and intelligent workflows. The real value comes from embedding intelligence into everyday business decisions, rethinking established processes, and scaling solutions across the enterprise. With Infosys we are building a compelling solution where technology, aligned with business priorities, can become a catalyst for operational excellence and long-term impact.”

Infosys entered a ten-year strategic agreement with Crocs, Inc. to accelerate its IT transformation and support scalable global growth. Tom Britt, Chief Information Officer, Crocs, Inc. said, "As our organization reimagines its IT landscape, we sought a collaborator who could combine deep domain expertise with a commitment to innovation and operational excellence. By leveraging Infosys’ proven delivery frameworks and advanced automation capabilities, we will optimize operations, reduce costs and scale responsibly—while driving continuous improvement and building a foundation for sustainable growth and digital resilience that positions Crocs, Inc. for the future."

Infosys collaborated with Knorr-Bremse to accelerate its AI-enabled enterprise transformation. Satheeskaran Navaratnam, Chief Digital Officer & VP Transformation & Governance IT, Knorr-Bremse, said, “At Knorr-Bremse, we are building a future-ready technology foundation that supports innovation and long-term value creation. Our Tech4Value program is central to this journey, helping us create a more agile, efficient, and scalable IT environment across the organization. By working with Infosys, we aim to make our technology estate as optimized and reliable as the systems we build for our customers, ensuring that every layer of our infrastructure is equipped to support the pace of change our business demands.”

Infosys expanded collaboration with Metsä Group to drive AI-led transformation of its IT landscape. Kristiina Lammila, Chief Information Officer of Metsä Group, said, “This engagement marks a new chapter in Metsä's long-standing collaboration with Infosys, as we simplify and transform our IT sourcing model to meet the efficiency demands of today's business environment. We are confident in our joint ability to deliver on these targets and accelerate the transformation of Metsä's IT, powered by AI.”

Infosys collaborated with NTN Corporation to drive its digital growth with seamless SAP cloud adoption. Kenji Kitazato, Head - ICT Strategy Department, NTN Corporation, said, “This migration to SAP Commerce Cloud powered by Infosys has streamlined our IT operations, improved agility, and laid a strong foundation for future digital growth. This transformation enables us to utilize this new foundation and further promote the use of digital technology.”

Infosys collaborated with Telia to drive AI-powered transformation across its network and cybersecurity operations. Hein Müskens, Group CIO, Telia, said, "Infosys' proven expertise in AI, automation, and telecom transformation made them the ideal partner for this initiative. Leveraging Infosys Topaz and deep industry knowledge, we look forward to accelerating the modernization of our network and cybersecurity operations, enhancing efficiency and agility, and strengthening our foundation for future innovation."

Infosys collaborated with KnitWell Group to develop an AI-powered platform for its customer engagement. Jaap van Riel, CTO, KnitWell Group, said, “Our relationship with our customers truly comes to life in our stores. That’s why we partnered with Infosys to build the Engage platform and help our store associates reach customers in a more efficient and engaging way. Once we identified the opportunity, Infosys was quick to develop a solution and approach. From there, we engineered and built Engage together, and we’ve seen great results.”

Infosys Finacle was selected by Investec to drive its digital banking transformation through the Finacle SaaS platform on Microsoft Azure. Lyndon Subroyen, Global Head of Digital and Technology for Investec Group, said, “Our partnership with Infosys Finacle and Microsoft Azure marks a step change in our digital transformation journey. We are building a stronger digital foundation that allows us to scale with our clients, deliver a more seamless and personalized experience, and operate with greater precision. Digital is no longer a layer that supports the business, it is integral to how we grow, deepen client relationships, and improve our efficiency.”

Recognitions & Awards

Brand & Corporate

Recognized as one of India's Best Employers Among Nation-Builders by Great Place to Work® for the sixth year in a row.

Recognized across four Avtar & Seramount indices, including Hall of Fame – Best Companies for Women India 2026; Exemplar in the Most Inclusive Companies Index India 2026; Top 10 Best Companies for Workplace Wellness (BCWW); and Top 10 Best Companies for ESG (BCESG).

Received three Brandon Hall Group™ 2026 HCM Excellence Awards® for Best Corporate Learning University; Best Senior Manager Development Program; and Best Sourcing and Assessment Strategy.

Received The Asset Corporate Sustainability Leadership Awards 2026 in four categories – Platinum Award; Best in Transition; Best Initiative in Environmental Responsibility for the Infosys Agroforestry Program; and Best Investor Relations Team.

Infosys BPM honored with multiple Tata Institute of Social Sciences LeapVault CLO Awards India for Best Skill Development Initiative, Best Corporate University, and Best Diversity & Inclusion Training Program.

Infosys BPM won the 17^th CSR Summit & Awards 2026 for Best Skill Development Initiative.

AI and Cloud Services

Rated as a Leader in the Gartner® Magic Quadrant™ for Public Cloud Optimization and Transformation Services.

Recognized as a Leader in the IDC MarketScape: Worldwide Cloud Professional Services in the AI Era 2026 Vendor Assessment.

Positioned as a Leader among the top providers in the Everest Group Microsoft Azure Services PEAK Matrix® Assessment 2026.

Positioned as a Leader in the Everest Group Quality Engineering (QE) Services for AI Applications and Systems PEAK Matrix® Assessment 2026.

Featured as a Leader in the NelsonHall NEAT Evaluation for AI-Enabled Cloud Infrastructure Management Services.

Recognized as a Leader in the 2026 Constellation ShortList™ for AI Services.

Recognized as a Leader on the 2026 Constellation ShortList™ for Public Cloud Transformation Services.

Recognized as a Leader in the 2026 Constellation ShortList™ for Artificial Intelligence and Machine Learning Best-of-Breed Platforms.

Recognized as a Leader in the 2026 Constellation ShortList™ for Decision Intelligence Platforms.

Key Digital Services

Rated as a Leader in The Forrester Wave™: Infrastructure Outsourcing Services, Q3 2026.

Recognized as a Leader in the IDC MarketScape: Worldwide ServiceNow Implementation Services 2026 Vendor Assessment.

Recognized as a Leader in the IDC MarketScape: Worldwide Oracle Implementation Services 2026 Vendor Assessment.

Recognized as a Leader in the IDC MarketScape: Worldwide Digital Workplace Services 2026 Vendor Assessment.

Positioned as a Leader in the Everest Group Digital Workplace Services (DWS) PEAK Matrix® Assessment 2026: North America.

Positioned as a Leader in the Everest Group Digital Workplace Services (DWS) PEAK Matrix® Assessment 2026: Europe.

Positioned as a Leader in the Everest Group Retail Digital Services PEAK Matrix® Assessment 2026.

Positioned as a Leader in the Everest Group GCC Setup Capabilities in India PEAK Matrix® Assessment 2026.

Recognized as a Leader in the 2026 Constellation ShortList™ for AI-Native Global Capability Center (GCC) Services.

Rated as a Leader in HFS Horizons: Customer Experience Services, 2026.

Featured as a Leader in the NelsonHall NEAT Evaluation for Salesforce Services 2026.

Featured as a Leader in the NelsonHall NEAT Evaluation for SAP Ecosystem Services.

Infosys BPM received the Avasant Digital Masters: Technology and Process Transformation Leaders Award at Avasant Partner Connect 2026.

Infosys BPM received three GSA UK Awards 2026 for Service Provider of the Year (Large); Business Services Programme of the Year with Microsoft; and Collaboration Programme of the Year with Lloyd’s Register.

Industry & Solutions

Recognized as a Leader in the IDC MarketScape: Worldwide AI-Driven Professional Services for Oil and Gas Companies 2026 Vendor Assessment.

Recognized as a Leader in the IDC MarketScape: Worldwide AI-Driven Digital Strategy and Consulting Services for Oil and Gas Companies 2026 Vendor Assessment.

Positioned as a Leader in the Everest Group Pharmaceutical R&D IT Services PEAK Matrix® Assessment 2026.

Positioned as a Leader in the Everest Group Life and Annuity (L&A) Insurance IT Services PEAK Matrix® Assessment 2026.

Infosys Finacle recognized as a Leader in the IDC MarketScape: Worldwide Trade Finance Systems 2026 Vendor Assessment.

Infosys Finacle rated as a Leader in the 2026 Gartner® Magic Quadrant™ for Retail Core Banking Systems in Europe.

Infosys Finacle received Global BankTech Awards 2026 by the Digital Banker 2026 in three categories: Outstanding Trade Finance Solution by a Vendor; Best Liquidity Management Solutions Provider by a Vendor; and Best Treasury Management Solutions Provider by a Vendor.

Read more about our Awards & Recognitions here.

About Infosys

Infosys (NSE, BSE, NYSE: INFY) is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 59 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is recognized as the fastest growing IT services brand globally, committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.

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, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations, are “forward looking statements” intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking 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 work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance (“ESG”) vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Contact

Investor Relations

Sandeep Mahindroo

+91 80 3980 1018

Sandeep_Mahindroo@infosys.com

Media Relations

Rishi Basu

+91 80 4156 3998

Rajarshi.Basu@infosys.com

Chad Darwin
+1 323 422 3815 Chad.darwin@infosys.com

Infosys Limited and subsidiaries

Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:

(In $ million)

Particulars	September 30, 2026		March 31, 2026
ASSETS
Current assets
Cash and cash equivalents	2,541	2,341
Current investments	1,436	1,365
Trade receivables	3,634	3,715
Unbilled revenue	1,733	1,633
Other current assets	1,691	1,858
Total current assets	11,035	10,912
Non-current assets
Property, plant and equipment and Right-of-use assets	2,069	2,057
Goodwill and other Intangible assets	2,013	1,576
Non-current investments	875	942
Unbilled revenue	224	183
Other non-current assets	844	776
Total non-current assets	6,025	5,534
Total assets	17,060	16,446
LIABILITIES AND EQUITY
Current liabilities
Trade payables	469	500
Unearned revenue	1,234	1,248
Employee benefit obligations	370	372
Other current liabilities and provisions	3,517	3,396
Total current liabilities	5,590	5,516
Non-current liabilities
Lease liabilities	516	634
Other non-current liabilities	565	456
Total non-current liabilities	1,081	1,090
Total liabilities	6,671	6,606
Total equity attributable to equity holders of the company	10,333	9,786
Non-controlling interests	56	54
Total equity	10,389	9,840
Total liabilities and equity	17,060	16,446

Extracted from the Condensed Consolidated Statement of Comprehensive Income under IFRS for:

(In $ million except per equity share data)

Particulars	3 months ended September 30, 2026	3 months ended September 30, 2025	6 months ended September 30, 2026	6 months ended September 30, 2025
Revenues	5,145	5,076	10,227	10,018
Cost of sales	3,547	3,516	7,028	6,933
Gross profit	1,598	1,560	3,199	3,085
Operating expenses:
Selling and marketing expenses	260	254	531	512
Administrative expenses	259	241	517	480
Total operating expenses	519	495	1,048	992
Operating profit	1,079	1,065	2,151	2,093
Other income, net of finance cost	77	100	168	210
Profit before income taxes	1,156	1,165	2,319	2,303
Income tax expense	337	325	680	654
Net profit (before non-controlling interest)	819	840	1,639	1,649
Net profit (after non-controlling interest)	817	839	1,637	1,647
Basic EPS ($)	0.20	0.20	0.40	0.40
Diluted EPS ($)	0.20	0.20	0.40	0.40

NOTES:

The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and six months ended September 30, 2026, which have been taken on record at the Board meeting held on October 23, 2026.

Revenue growth in reported currency includes the impact of currency fluctuations. Additionally, we calculate constant currency (CC) growth by comparing current period revenues in respective local currencies converted to US$ using prior period exchange rates and comparing the same to our prior period reported revenues.

A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.

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.

Exhibit 99.3
Form of Release to Stock Exchanges

Infosys Limited

Regd. office: Electronics City, Hosur Road,

Bengaluru 560 100, India

CIN : L85110KA1981PLC013115

Website: www.infosys.com

email: investors@infosys.com

T: 91 80 2852 0261, F: 91 80 2852 0362

Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS)

(in crore, except per equity share data)

Particulars	Quarter ended September 30,	Quarter ended June 30,	Quarter ended September 30,	Half-year ended September 30,		Year ended March 31,
	2026	2026	2025	2026	2025	2026
	Audited	Audited	Audited	Audited	Audited	Audited
Revenue from operations	49,244	48,211	44,490	97,454	86,769	178,650
Other income, net	848	984	982	1,832	2,024	4,322
Total Income	50,092	49,195	45,472	99,286	88,793	182,972
Expenses
Employee benefit expenses	25,483	25,287	23,438	50,770	46,284	95,094
Cost of technical sub-contractors	4,393	4,181	3,879	8,574	7,376	15,421
Travel expenses	691	701	539	1,392	1,055	2,097
Cost of software packages and others	4,573	4,421	4,025	8,993	7,771	15,722
Communication expenses	151	150	160	301	303	603
Consultancy and professional charges	677	603	480	1,280	943	2,090
Depreciation and amortisation expenses	1,359	1,246	1,182	2,605	2,323	4,902
Finance cost	115	119	106	235	211	416
Other expenses	1,587	1,459	1,434	3,045	2,557	5,343
Total expenses	39,029	38,167	35,243	77,195	68,823	141,688
Profit before exceptional item and tax	11,063	11,028	10,229	22,091	19,970	41,284
Exceptional item
Impact of Labour Codes	–	–	–	–	–	1,289
Profit before tax	11,063	11,028	10,229	22,091	19,970	39,995
Tax expense:
Current tax	3,398	3,356	3,178	6,754	6,232	11,767
Deferred tax	(173)	(103)	(324)	(276)	(562)	(1,246)
Profit for the period	7,838	7,775	7,375	15,613	14,300	29,474
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset, net	(177)	296	(38)	119	(108)	(288)
Equity instruments through other comprehensive income, net	(9)	60	(8)	51	27	397
Items that will be reclassified subsequently to profit or loss
Fair value changes on derivatives designated as cash flow hedge, net	(13)	49	–	36	6	(1)
Exchange differences on translation of foreign operations	212	(94)	862	118	1,881	3,256
Fair value changes on investments, net	(97)	60	(34)	(37)	89	(27)
Total other comprehensive income/(loss), net of tax	(84)	371	782	287	1,895	3,337
Total comprehensive income for the period	7,754	8,146	8,157	15,900	16,195	32,811
Profit attributable to:
Owners of the company	7,823	7,769	7,364	15,592	14,285	29,440
Non-controlling interests	15	6	11	21	15	34
	7,838	7,775	7,375	15,613	14,300	29,474
Total comprehensive income attributable to:
Owners of the company	7,733	8,142	8,140	15,875	16,165	32,750
Non-controlling interests	21	4	17	25	30	61
	7,754	8,146	8,157	15,900	16,195	32,811
Paid up share capital (par value 5/- each, fully paid)	2,026	2,025	2,074	2,026	2,074	2,024
Other equity *^#	90,828	90,828	93,745	90,828	93,745	90,828
Earnings per equity share (par value 5/- each)**
Basic (in per share)	19.32	19.19	17.76	38.51	34.47	71.58
Diluted (in per share)	19.30	19.17	17.74	38.46	34.41	71.46

Balances for the quarter and half year ended September 30, 2026 and quarter ended June 30, 2026 represent balances as per the audited Balance Sheet as at March 31, 2026 and balances for the quarter and half year ended September 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015

EPS is not annualized for the quarter and half year ended September 30, 2026, quarter ended June 30, 2026 and quarter and half year ended September 30, 2025.

Excludes non-controlling interest

1. Notes

a) The audited interim condensed consolidated financial statements for the quarter and half year ended September 30, 2026 have been taken on record by the Board of Directors at its meeting held on October 23, 2026. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted from the audited interim condensed consolidated financial statements. Those interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.

b) Update on employee stock grants

The Board, on October 23, 2026, based on the recommendations of the Nomination and Remuneration Committee approved the grant of 9,640 Restricted Stock Units (RSUs) under the 2015 Incentive Compensation Plan (’2015 Plan’) to eligible employees. The grants made under the 2015 Plan would vest equally over a period of three years. The RSUs will be granted w.e.f November 1, 2026 and the exercise price will be equal to the par value of the share.

2. Information on dividends for the quarter and half year ended September 30, 2026

The Board of Directors declared an interim dividend of 26/- per equity share. The record date for the payment is November 3, 2026.The interim dividend will be paid on November 11, 2026. The interim dividend declared in the previous year was 23/- per equity share.

(in )

Particulars	Quarter ended September 30,	Quarter ended June 30,	Quarter ended September 30,	Half-year ended September 30,		Year ended March 31,
	2026	2026	2025	2026	2025	2026
Dividend per share (par value 5/- each)
Interim dividend	26.00	–	23.00	26.00	23.00	23.00
Final dividend	–	–	–	–	–	25.00

3. Audited Consolidated Balance Sheet

(in crore)

Particulars	As at
	September 30, 2026	March 31, 2026
ASSETS
Non-current assets
Property, plant and equipment	13,071	12,651
Right of use assets	6,176	6,177
Capital work-in-progress	423	526
Goodwill	14,864	12,117
Other Intangible assets	4,425	2,825
Financial assets
Investments	8,390	8,930
Loans	3	6
Other financial assets	2,621	2,776
Deferred tax assets (net)	2,307	2,264
Income tax assets (net)	1,775	666
Other non-current assets	3,674	3,540
Total non-current assets	57,729	52,478
Current assets
Financial assets
Investments	13,761	12,950
Trade receivables	34,821	35,234
Cash and cash equivalents	24,350	22,201
Loans	239	234
Other financial assets	17,859	15,890
Income tax assets (net)	38	1,835
Other current assets	14,683	15,145
Total current assets	105,751	103,489
Total Assets	163,480	155,967
EQUITY AND LIABILITIES
Equity
Equity share capital	2,026	2,024
Other equity	97,051	90,828
Total equity attributable to equity holders of the Company	99,077	92,852
Non-controlling interests	466	445
Total equity	99,543	93,297
Liabilities
Non-current liabilities
Financial liabilities
Lease liabilities	4,942	6,016
Other financial liabilities	2,797	2,092
Deferred tax liabilities (net)	1,885	1,679
Other non-current liabilities	732	561
Total non-current liabilities	10,356	10,348
Current liabilities
Financial liabilities
Lease liabilities	3,583	3,160
Trade payables	4,498	4,744
Other financial liabilities	21,162	21,483
Other current liabilities	15,822	15,779
Provisions	1,963	1,512
Income tax liabilities (net)	6,553	5,644
Total current liabilities	53,581	52,322
Total equity and liabilities	163,480	155,967

The disclosure is an extract of the audited Consolidated Balance Sheet as at September 30, 2026 and March 31, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS).

4. Audited Consolidated Statement of Cash Flows

(in crore)

Particulars	Half-year ended September 30,
	2026	2025
Cash flow from operating activities
Profit for the period	15,613	14,300
Adjustments to reconcile net profit to net cash provided by operating activities:
Income tax expense	6,478	5,670
Depreciation and amortization	2,605	2,323
Interest and dividend income	(1,277)	(1,554)
Finance cost	235	211
Impairment loss recognized / (reversed) under expected credit loss model	61	34
Exchange differences on translation of assets and liabilities, net	18	573
Stock compensation expense	460	471
Provision for post sale client support	(47)	(97)
Other adjustments	960	658
Changes in assets and liabilities
Trade receivables and unbilled revenue	(325)	(4,395)
Loans, other financial assets and other assets	340	(175)
Trade payables	(359)	(451)
Other financial liabilities, other liabilities and provisions	(688)	2,939
Cash generated from operations	24,074	20,507
Income taxes (paid) / received	(5,116)	(2,996)
Net cash generated by operating activities	18,958	17,511
Cash flows from investing activities
Expenditure on property, plant and equipment and intangibles, net of sale proceeds	(1,585)	(1,352)
Deposits placed with corporation	(775)	(683)
Redemption of deposits placed with corporation	515	392
Interest and dividend received	883	1,613
Payment towards acquisition of business, net of cash acquired	(3,238)	(637)
Payment of contingent consideration pertaining to acquisition of business	(27)	(13)
Other receipts	1	14
Payments to acquire Investments
Tax free bonds and government bonds	(345)	(21)
Mutual fund units	(39,313)	(36,091)
Certificates of deposit	(4,827)	(7,149)
Commercial Papers	(2,817)	(2,686)
Non-convertible debentures	(1,332)	(2,639)
Government securities	(717)	(531)
Other Investments	(201)	(22)
Proceeds on sale of Investments
Tax free bonds and government bonds	283	1,284
Mutual fund units	36,788	32,967
Certificates of deposit	8,850	5,857
Commercial Papers	2,575	4,675
Non-convertible debentures	233	1,625
Government securities	1,022	3,265
Other Investments	10	–
Net cash generated / (used in) from investing activities	(4,017)	(132)
Cash flows from financing activities:
Payment of lease liabilities	(1,819)	(1,382)
Payment of dividends	(10,126)	(9,122)
Loan repayment of acquired entities	(812)	–
Payment of dividend to non-controlling interest of subsidiary	(4)	(3)
Shares issued on exercise of employee stock options	2	1
Other payments	(57)	(181)
Net cash used in financing activities	(12,816)	(10,687)
Net increase / (decrease) in cash and cash equivalents	2,125	6,692
Effect of exchange rate changes on cash and cash equivalents	24	685
Cash and cash equivalents at the beginning of the period	22,201	24,455
Cash and cash equivalents at the end of the period	24,350	31,832
Supplementary information:
Restricted cash balance	443	410

The disclosure is an extract of the audited Consolidated Statement of Cash flows for the half year ended September 30, 2026 and September 30, 2025 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting.

5. Segment reporting (Consolidated - Audited)

(in crore)

Particulars	Quarter ended September 30,	Quarter ended June 30,	Quarter ended September 30,	Half-year ended September 30,		Year ended March 31,
	2026	2026	2025	2026	2025	2026
Revenue by business segment
Financial Services ⁽¹⁾	13,774	13,463	12,320	27,237	24,116	49,908
Manufacturing	7,913	7,668	7,347	15,581	14,151	29,078
Energy, Utilities, Resources and Services	6,975	6,452	5,945	13,428	11,687	23,818
Retail ⁽²⁾	5,664	6,172	5,639	11,835	11,290	23,077
Communication ⁽³⁾	6,150	5,791	5,397	11,941	10,494	21,765
Life Sciences ⁽⁴⁾	4,145	3,842	2,863	7,986	5,607	12,267
Hi-Tech	3,332	3,710	3,703	7,042	6,999	13,928
All other segments ⁽⁵⁾	1,291	1,113	1,276	2,404	2,425	4,809
Total	49,244	48,211	44,490	97,454	86,769	178,650
Less: Inter-segment revenue	–	–	–	–	–	–
Net revenue from operations	49,244	48,211	44,490	97,454	86,769	178,650
Segment Profit:
Financial Services ⁽¹⁾	3,644	3,662	3,059	7,305	6,032	12,678
Manufacturing	1,694	1,685	1,752	3,380	3,169	6,444
Energy, Utilities , Resources and Services	1,986	1,576	1,506	3,562	2,943	5,984
Retail ⁽²⁾	1,707	1,701	1,720	3,408	3,411	7,089
Communication ⁽³⁾	1,146	1,180	1,017	2,326	1,897	3,861
Life Sciences ⁽⁴⁾	631	619	534	1,250	1,087	2,444
Hi-Tech	795	911	763	1,706	1,532	3,228
All other segments ⁽⁵⁾	86	75	184	162	409	717
Total	11,689	11,409	10,535	23,099	20,480	42,445
Less: Other Unallocable expenditure*	1,359	1,246	1,182	2,605	2,323	6,191
Add: Unallocable other income	848	984	982	1,832	2,024	4,157
Less: Finance cost	115	119	106	235	211	416
Profit before tax and non-controlling interests	11,063	11,028	10,229	22,091	19,970	39,995

⁽¹⁾

Financial Services include enterprises in Financial Services and Insurance

⁽²⁾

Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics

⁽³⁾

Communication includes enterprises in Communication, Telecom OEM and Media

⁽⁴⁾

Life Sciences includes enterprises in Life sciences and Health care

⁽⁵⁾

All other segments include operating segments of businesses in India, Japan, China, Infosys Public Services & identified enterprises in Public Services^.

Unallocable expense includes

1,289 crore towards impact of Labour Codes for the year ended March 31, 2026.

Notes on segment information

Business segments

Based on the "management approach" as required by Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.

Segmental capital employed

Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

6. Audited financial results of Infosys Limited (Standalone Information)

(in crore)

Particulars	Quarter ended September 30,	Quarter ended June 30,	Quarter ended September 30,	Half-year ended September 30,		Year ended March 31,
	2026	2026	2025	2026	2025	2026
	Audited	Audited	Audited	Audited	Audited	Audited
Revenue from operations	40,719	39,957	36,907	80,676	72,182	148,819
Profit before exceptional item and tax	10,905	10,161	10,469	21,067	19,130	39,903
Exceptional item - Impact of Labour Codes	–	–	–	–	–	1,146
Profit before tax	10,905	10,161	10,469	21,067	19,130	38,757
Profit for the period	7,893	7,249	7,759	15,142	13,874	29,211

The audited results of Infosys Limited for the above mentioned periods are available on our website, www.infosys.com and on the stock exchange website www.nseindia.com and www.bseindia.com. The information above has been extracted from the audited interim standalone financial statements as stated.

By order of the Board for Infosys Limited

Bengaluru, India

October 23, 2026

Salil Parekh

Chief Executive Officer and Managing Director

The Board has also taken on record the consolidated results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2026, prepared as per International Financial Reporting Standards (IFRS) and reported in US dollars. A summary of the financial statements is as follows:

(in US$ million, except per equity share data)

Particulars	Quarter ended September 30,	Quarter ended June 30,	Quarter ended September 30,	Half-year ended September 30,		Year ended March 31,
	2026	2026	2025	2026	2025	2026
	Audited	Audited	Audited	Audited	Audited	Audited
Revenues	5,145	5,082	5,076	10,227	10,018	20,158
Cost of sales	3,547	3,482	3,516	7,028	6,933	14,079
Gross profit	1,598	1,600	1,560	3,199	3,085	6,079
Operating expenses	519	528	495	1,048	992	1,994
Operating profit ^#	1,079	1,072	1,065	2,151	2,093	4,085
Other income, net	89	104	112	193	234	468
Finance cost	12	13	12	25	24	47
Profit before income taxes	1,156	1,163	1,165	2,319	2,303	4,506
Income tax expense	337	343	325	680	654	1,190
Net profit	819	820	840	1,639	1,649	3,316
Earnings per equity share*
Basic (in $ per share)	0.20	0.20	0.20	0.40	0.40	0.81
Diluted (in $ per share)	0.20	0.20	0.20	0.40	0.40	0.80
Total assets	17,060	16,359	18,064	17,060	18,064	16,446
Cash and cash equivalents and current investments	3,977	3,124	5,005	3,977	5,005	3,706

EPS is not annualized for the quarter and half year ended September 30, 2026, quarter ended June 30, 2026 and quarter and half year ended September 30, 2025.

includes $143 million towards impact of Labour Codes for the year ended March 31, 2026.

Source: View Original Filing on SEC EDGAR

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