INFOSYS LTD. — Q2FY27 earnings call summary

Filed 28 October 2026 · Official transcript

Competitive intensity and AI productivity pressures impacting pricing and volume
Revised FY27 revenue growth guidance 1%-2%, margin guidance 20%-22%
Q2 FY27 revenue growth at 1.5% YoY, 1.2% sequentially in constant currency
Large deals and AI transformation underpin medium-term growth outlook
Financial Services, Energy Utilities, Manufacturing strong; Retail and Hi-Tech weak
Operating margin stable at 21%, free cash flow strong at $928 mn
AI revenue 10.5% of total, growing 29% sequentially; strong AI-led large deals pipeline
Large deals TCV $5.2 bn in Q2, including $2 bn net new 7-year mega deal