The earnings call presented a mixed outlook. Infosys reported strong revenue growth, large deal wins, and leadership in AI, but faced challenges with operating margin declines, increased attrition, and client spending caution due to macroeconomic uncertainties.

Company Guidance

In the Q1 FY '26 earnings call for Infosys, the company reported a sequential revenue growth of 2.6% and a year-on-year increase of 3.8% in constant currency terms. The operating margin stood at 20.8%, while the free cash flow was $884 million. Large deals totaled $3.8 billion, with 55% being net new. The company revised its revenue growth guidance for FY '26 to 1%-3% in constant currency, maintaining its operating margin guidance at 20%-22%. The leadership highlighted the company's strong performance in enterprise AI, with 300 AI agents deployed across various sectors, and noted robust demand in areas like cloud and data analytics. Despite the positive start, the executives remained cautious due to ongoing global uncertainties, including tariff issues and geopolitical tensions, which continue to impact client spending and decision-making processes.

Strong Revenue Growth

Infosys reported a sequential revenue growth of 2.6% and a year-on-year growth of 3.8% in constant currency terms for Q1 FY '26.

Large Deal Wins

The company secured large deals worth $3.8 billion, including 55% net new deals, reflecting strong client relationships and delivery capabilities.

Enterprise AI Leadership

Infosys showcased its leadership in enterprise AI by building 300 AI agents and being recognized as a leader in Gartner's first generative AI consulting and implement services quadrant.

Cash Flow and Profitability

Infosys reported free cash flow of $884 million, which is 109% of net profit, marking the fifth consecutive quarter of free cash flows exceeding net profit.

Geographic Growth

Europe demonstrated strong performance with a 12.3% year-on-year growth, over three times the company average.

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 / -	0.163	―	―	―
Jul 23, 2025	2026 (Q1)	0.16 / 0.16	0.155	5.56% (<+0.01)
Apr 17, 2025	2025 (Q4)	0.16 / 0.17	0.197	-13.91% (-0.03)
Jan 16, 2025	2025 (Q3)	0.16 / 0.16	0.153	6.74% (+0.01)
Oct 17, 2024	2025 (Q2)	0.17 / 0.16	0.155	5.56% (<+0.01)	―
Jul 18, 2024	2025 (Q1)	0.16 / 0.15	0.15	2.86% (<+0.01)	―
Apr 18, 2024	2024 (Q4)	0.15 / 0.20	0.155	27.78% (+0.04)	―
Jan 11, 2024	2024 (Q3)	0.15 / 0.15	0.166	-7.77% (-0.01)	―
Oct 12, 2023	2024 (Q2)	0.16 / 0.15	0.155	0.00% (0.00)	―
Jul 20, 2023	2024 (Q1)	0.15 / 0.15	0.137	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.