In short: Infosys reports Q2 FY27 results on 23 October 2026. In Q1 FY27, revenue rose 14.0% to ₹48,211 crore from a year earlier and net profit rose 12.3% to ₹7,769 crore. Things to watch: guidance, wage increases and deals.
What to watch in Infosys's Q2 FY27 results
- Guidance. In July Infosys narrowed its FY27 revenue growth guidance to 1.5–3.0% in constant currency, from 1.5–3.5%, with about 1.7 percentage points coming from recent acquisitions. Whether it moves again is the main number to watch.
- Wage increases. Most employees get salary increases from October and the rest in January, so the cost lands in the second half. The 20–22% operating margin guidance already allows for them.
- Deals. Large-deal wins were $3.6 billion in the June quarter, 61% of it net new.
- AI. AI revenue was 8.2% of total revenue in the June quarter, up from 5.5% two quarters earlier.
- Leadership. The board named Ashiss Kumar Dash CEO Designate in July, to become CEO and MD from 1 April 2027.
Infosys Q1 FY27 results at a glance
- Revenue from operations was ₹48,211 crore, up 14.0% from a year earlier and up 3.9% from the previous quarter.
- Net profit was ₹7,769 crore, up 12.3% from a year earlier and down 8.6% from the previous quarter.
- Operating margin was 21.1%, up 10 bps from the previous quarter and up 30 bps from a year earlier.
- Revenue was $5,082 million. In constant currency, revenue grew 2.4% from a year earlier and 1.0% from the previous quarter.
- Large deal wins (TCV): $3.6 billion.
- Headcount was 328,062, down 532 in the quarter. Voluntary attrition in IT services over the last twelve months was 13.0%.
- FY27 guidance, revised in July: revenue growth of 1.5–3.0% in constant currency and an operating margin of 20–22%. Previously: 1.5–3.5% revenue growth and a 20–22% operating margin (April 2026).
| Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY | |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 48,211 | 46,402 | 42,279 | +3.9% | +14.0% |
| Net profit (₹ crore) | 7,769 | 8,501 | 6,921 | −8.6% | +12.3% |
| Operating margin | 21.1% | 21.0% | 20.8% | +10 bps | +30 bps |
Infosys revenue, margin and earnings trend
- Revenue went from ₹40,986 crore in Q2 FY25 to ₹48,211 crore in Q1 FY27, rising on the previous quarter in 6 of the last 7 quarters.
- Year-on-year revenue growth over the last 4 quarters ranged from 8.5% to 14.0% in rupees.
- In constant currency, growth on the previous quarter ranged from −3.5% to 3.1% over the last 8 quarters.
- Earnings per share over the last four quarters were ₹74.13, against ₹65.82 in the four quarters before (+12.6%).
- Operating margin ranged from 20.8% (Q1 FY26) to 21.3% (Q3 FY25); the latest 21.1% is 20 bps below the high.
| Quarter | Revenue (₹ crore) | YoY | CC growth QoQ | Operating margin | EPS (₹) |
|---|---|---|---|---|---|
| Q1 FY27 | 48,211 | +14.0% | +1.0% | 21.1% | 19.19 |
| Q4 FY26 | 46,402 | +13.4% | −1.3% | 21.0% | 21.01 |
| Q3 FY26 | 45,479 | +8.9% | +0.6% | 21.2% | 16.17 |
| Q2 FY26 | 44,490 | +8.5% | +2.2% | 21.0% | 17.76 |
| Q1 FY26 | 42,279 | – | +2.6% | 20.8% | 16.70 |
| Q4 FY25 | 40,925 | – | −3.5% | 21.0% | 16.98 |
| Q3 FY25 | 41,764 | – | +1.7% | 21.3% | 16.43 |
| Q2 FY25 | 40,986 | – | +3.1% | 21.1% | 15.71 |
The Q3 FY26 operating margin excludes a one-time ₹1,289 crore Labour Codes charge, which Infosys's Ind AS results show below operating profit (18.4% including it). Earnings per share are as reported: Q3 FY26 includes that charge, and Q4 FY25 and Q4 FY26 include interest income and tax-provision reversals from income-tax orders. Source: Infosys quarterly fact sheets filed with the SEC.
Infosys Q2 FY27 results: questions
When will Infosys announce Q2 FY27 results?
Infosys reports results for the quarter ended 30 September 2026 on 23 October 2026.
What were Infosys's results last quarter?
In Q1 FY27, revenue from operations was ₹48,211 crore (+14.0% YoY) and net profit was ₹7,769 crore (+12.3% YoY).
What is Infosys's guidance?
FY27 guidance, revised in July: revenue growth of 1.5–3.0% in constant currency and an operating margin of 20–22%.
Other IT Q2 FY27 results
- TCS Q2 FY27 results · 8 October 2026 · net profit +15.0% YoY
- HCLTech Q2 FY27 results · 12 October 2026
- Wipro Q2 FY27 results · 15 October 2026
- Tech Mahindra Q2 FY27 results · 15 October 2026
- Infosys Q2 FY27 results · 23 October 2026
All IT Q2 FY27 results in one place
Sources
- Infosys Q1 FY27 press release (INR), filed with the SEC
- Infosys Q1 FY27 Ind AS results (stock exchange release), filed with the SEC
- Infosys Q1 FY27 fact sheet, filed with the SEC
- Infosys Q1 FY27 results page
- Infosys quarterly filings with the SEC (Form 6-K)
- Infosys: notice of board meeting, 15 September 2026
This page is educational research based on company results filings and AMFI data. It is not a recommendation to buy or sell any security or fund, or personalised investment advice. Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.