Infosys Q1 results: FY27 revenue growth guidance narrowed to 1.5%-3.0% in constant currency

Infosys, the IT services major, on Thursday, July 23, announced its financial results for the quarter ended June 30, 2026 (Q1 FY27).

The company, in its earnings release, said that it delivered $5,082 million in Q1 revenues, year-on-year growth of 2.4% and sequential growth of 1.0% in constant currency.

Operating margin was at 21.1%, a sequential increase of 0.2%.

EPS growth was 14.9% year-on-year in rupee terms.

TCV of large deal wins was $3.6 billion, with 61% net new.

Infosys said AI-related revenue accounted for 8.2% of its total revenue in Q1 FY27.

Guidance for FY27

Infosys revised its FY27 revenue growth guidance to 1.5%-3.0% in constant currency (CC) terms from the earlier range of 1.5%-3.5%, while retaining its operating margin guidance at 20%-22%. The company had issued the previous revenue outlook while announcing its Q4 FY26 results in April.

In US dollar terms

Infosys reported revenue of $5,082 million, up 2.8% YoY and 0.8% QoQ, while operating profit came in at $1,072 million, up 4.3% YoY and 1.6% QoQ. Operating margin stood at 21.1% against 20.8% in the year-ago period.

Net profit (after non-controlling interests) stood at $819 million, up 1.3% YoY but down 10.9% QoQ.

In rupee terms

Infosys reported a 14% YoY rise in its June quarter revenue at ₹48,211 crore against ₹42,279 logged in the year-ago period. On a sequential basis, the figure grew 3.9%.

Gross profit came in at ₹15,178 crore, up 16.3% YoY and 5.8% QoQ. Total operating expenses increased by 17.9% YoY to ₹5,015 crore. On a QoQ basis, it rose 9.0%.

Operating profit increased by 15.4% YoY and 4.3% QoQ to ₹10,163 crore.

Net profit (after non-controlling interests) came in at ₹7,769 crore, up 12.2% YoY but down 8.6% QoQ.

What the CEO said

Salil Parekh, CEO and MD, “AI momentum is now rapidly converting into revenue, which demonstrates how Infosys’ differentiated enterprise AI value proposition is translating into consistent market share gains. Strong large deal wins, powered by Infosys Topaz, reinforce client confidence in our ability to be the strategic partner of choice for AI transformation, driving tangible business value."

“With strategic partnerships established with all leading AI companies, we are bringing the power of the innovation ecosystem to help clients accelerate operational productivity and unlock growth opportunities. We remain committed to reskilling our employee base across levels, and this sustained focus has positioned Infosys as a frontier organization with deep expertise accelerating AI journeys for some of the largest enterprises the world over”, Parekh added.

CFO Statement

“Our resilient margins of 21.1% and consistently strong cash generation reflect the strength of our business model, disciplined execution and continued focus on operational excellence in a challenging business environment”, said Jayesh Sanghrajka, CFO.

“We are accelerating investments in AI, talent, and platforms to drive future growth and remain committed to improving productivity, expanding operating leverage and maintaining the financial flexibility needed to capitalise on emerging opportunities while delivering sustainable shareholder value”, the CFO added.