The Bengaluru-based company has upped its lower end of revenue growth guidance, which is pegged at 1-3% in constant currency for FY26.
Its results were announced after India market hours and Infosys shares settled at Rs 1,558.90 on the NSE, falling by Rs 12 or 0.76% over the Tuesday closing price even as the headline index Nifty closed with strong gains.
“Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees,” said Salil Parekh, CEO and MD, Infosys.
Revenues in constant currency (CC) terms grew by 3.8% YoY and by 2.6% QoQ in the first quarter. The company had won deals worth $3.8 billion in the said period, of which 55% were net new.
Gross profit for the reporting period increased to Rs 13,055 crore as against Rs 12,138 crore in the same period of last year.Operating margin for the April-June quarter stood at 20.8%, which is a decline of 0.3% YoY and decline 0.2% QoQ. The company expects the same to hover around 20-22% for the rest of FY26.Segment wise, the dominant financial services clocked a CC growth of 5.6% YoY, while the manufacturing division rose by a healthy 12.2%. The retail growth was flat at 0.4%, and that of hi-tech business increased by a marginal 1.7%.
The Life Sciences and other divisions de-grew 7.9% and 15.3% in CC terms, respectively.
Meanwhile, major Wall Street indices were trading mixed today with Dow 30 trading at 44,703.90 around 10:40 AM ET (8 pm India time), up 201.43 points 0.45%, the S&P 500 index hovered near 6,323, gaining by 13.61 or 0.22%. The Nasdaq Composite index was trading at 20,889.20, declining marginally.
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