The earnings call reflects a strong start to the fiscal year with significant wins in large deals and advancements in enterprise AI. However, ongoing market uncertainties and a conservative revenue growth outlook have tempered the overall positive momentum.

Company Guidance -

Q2 2026

In the Q1 FY '26 earnings call, Infosys provided updated guidance for the fiscal year 2026, revising their revenue growth forecast to 1% to 3% in constant currency terms from the earlier 0% to 3%. The operating margin guidance remained unchanged at 20% to 22%. In the first quarter, Infosys reported a sequential revenue growth of 2.6% and a year-on-year growth of 3.8% in constant currency. The company achieved a robust operating margin of 20.8% and generated free cash flows amounting to $884 million. Large deal wins reached $3.8 billion, contributing positively to the results. Infosys highlighted its leadership in enterprise AI, with 300 AI agents developed, and emphasized the growing demand for AI-driven solutions across various industries. Despite macroeconomic uncertainties, Infosys maintained a strong pipeline for large deals and continued its focus on cash flow, evidenced by the free cash flow exceeding net profit for the fifth consecutive quarter.

Revenue and Growth

Infosys' revenues grew 2.6% sequentially and 3.8% year-on-year in constant currency terms. Growth was broad-based across large industry groups and geographies.

Large Deal Wins

Infosys secured large deals worth $3.8 billion, with 55% net new. This includes a mega deal with one of the largest global banks.

Enterprise AI Success

Infosys advanced in enterprise AI, building 300 AI agents and achieving leadership ratings in Gartner's generative AI consulting services quadrant.

Financial Performance

Operating margin was 20.8%, and free cash flow was $884 million, marking the fifth consecutive quarter of free cash flows being over 100% of net profit.

Geographic Performance

Europe grew 12.3% year-on-year, more than 3x the company average, driven by large and mega deals.

Infosys (DE:IOY) Earnings, Revenues Date & History

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DE:IOY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2026 (Q2)	0.17 / -	0.162	―	―	―
Jul 23, 2025	2026 (Q1)	0.16 / 0.16	0.153	5.56% (<+0.01)
Apr 17, 2025	2025 (Q4)	0.16 / 0.17	0.196	-13.91% (-0.03)	―
Jan 16, 2025	2025 (Q3)	0.16 / 0.16	0.152	6.74% (+0.01)
Oct 17, 2024	2025 (Q2)	0.17 / 0.16	0.153	5.56% (<+0.01)	―
Jul 18, 2024	2025 (Q1)	0.15 / 0.15	0.149	2.86% (<+0.01)	―
Apr 18, 2024	2024 (Q4)	0.15 / 0.20	0.153	27.78% (+0.04)	―
Jan 11, 2024	2024 (Q3)	0.15 / 0.15	0.164	-7.77% (-0.01)	―
Oct 12, 2023	2024 (Q2)	0.15 / 0.15	0.153	0.00% (0.00)	―
Jul 20, 2023	2024 (Q1)	0.15 / 0.15	0.136	9.38% (+0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:IOY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	€15.35	€15.55	+1.30%
Apr 17, 2025	€14.32	€13.78	-3.79%
Jan 16, 2025	€21.54	€20.75	-3.67%
Oct 17, 2024	€20.06	€19.76	-1.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.