“Clients increasingly view Infosys as their AI partner with demonstrated expertise, innovation capabilities and strong delivery credentials”-Salil Parekh, CEO and MD.

Strong Q3 Performance: Sequential Revenue Growth of 0.6% in CC, Large Deal Wins of $4.8 billion
Revenue Guidance for FY 26 revised to 3.0%-3.5%

Bengaluru, India – January 14, 2026: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-
generation digital services and consulting, delivered $5,099 million in Q3 revenues, year on year growth
of 1.7% and sequential growth of 0.6% in constant currency. Reported IFRS operating margin was at
18.4%. Adjusted1 operating margin increased 0.2% sequentially to 21.2%. Free cash flow generation
was robust at $915 million. Adjusted free cash flow generation was $965 million, 112.8% of adjusted net
profit. TCV of large deal wins was $4.8 billion, with net new of 57%. Headcount increased by 5,043.
Revenues for YTD Dec’25 grew at 2.8% year on year in constant currency. Reported IFRS operating
margin was at 20.0%. Adjusted operating margin was at 21.0%.
“Infosys delivered a strong Q3 performance demonstrating how our differentiated value propositions in
enterprise AI, through Infosys Topaz, are consistently driving higher market share. Clients increasingly
view Infosys as their AI partner with demonstrated expertise, innovation capabilities and strong delivery
credentials. This has helped them unlock business potential and enhanced value realization”, said Salil
Parekh, CEO and MD. “Central to this journey is our commitment to reskill, transform and empower our
dedicated human resource pool to drive success in an AI augmented world” he added.
Guidance for FY26:
• Revenue growth of 3.0%-3.5% in constant currency
• Operating margin of 20%-22%2
Key highlights:

Guidance for FY26:
• Revenue growth of 3.0%-3.5% in constant currency
• Operating margin of 20%-22%2

1. ‘Adjusted’ financial measures presented in this release are non-IFRS financial measures that exclude the impact of the provisions arising from the notifications by Government of India on Labour Codes for quarter and nine months ended December 31, 2025 and are further described in this release.
2. Operating margin guidance for FY26 excludes the adjustment with respect to Labour Codes of `1,289 crore in the current quarter.
eStrong Q3 Performance: Sequential Revenue Growth of 0.6% in CC, Large Deal Wins of $4.8 billion
Revenue Guidance for FY 26 revised to 3.0%-3.5%
For the quarter ended December 31, 2025
• Revenues in CC terms grew by 1.7% YoY and
0.6% QoQ
• Reported revenues at ₹45,479 crore, growth of
8.9% YoY
• Reported IFRS operating margin at 18.4%;
Adjusted operating margin at 21.2%
• Reported IFRS Basic EPS at ₹16.17; adjusted
Basic EPS at ₹18.53
• FCF at ₹8,176 crore; adjusted FCF at ₹8,626
crore;
Adjusted FCF conversion at 113.1% of
adjusted net profit
For nine months ended December 31, 2025
• Revenues in CC terms grew by 2.8% YoY
• Reported revenues at ₹132,248 crore, growth
of 8.3% YoY
• Reported IFRS operating margin at 20.0%;
Adjusted operating margin at 21.0%
• Reported IFRS Basic EPS at ₹50.64; adjusted
Basic EPS at ₹52.99
• FCF at ₹25,386 crore; adjusted FCF at
₹25,836 crore;
Adjusted FCF conversion at 117.8% of adjusted net profit $4.8 Bn Large Deal TCV (57% Net New) 18.4% Reported
21.2% Adjusted Operating Margin 0.6% QoQ 1.7% YoY CC Growth 6.6% Reported 11.5% Adjusted YTD EPS Increase (₹ terms) $0.9 Bn $1 Bn Adjusted Free cash flow (FCF) IFRS – INR
“Our performance was broad-based in Q3 with 0.6% sequential revenue growth, 0.2% adjusted operating
margin expansion, stellar large deal wins at $4.8 billion and robust adjusted free cash generation at $965
million in a seasonally weak quarter” said Jayesh Sanghrajka, CFO. “In line with our capital allocation
policy, we successfully completed the largest ever buyback of `18,000 crore and paid out interim dividend
to shareholders”, he added

Client Wins & Testimonials
• Infosys extended its strategic collaboration with Metro Bank to transform the bank’s finance
operations with a suite of Workday solutions. Marc Page, Chief Financial Officer, Metro Bank,
said, “We’re continuing to transform our platforms through our partnership with Infosys, helping
our digital advancement. This collaboration with Infosys and Workday will help to unify our core
finance operations, providing colleagues with self-service tools and simplifying daily operations.
This supports our long-term growth strategy and will help us to scale and evolve in the future.”
• Infosys unveiled its AI-first GCC model to accelerate the setup and transformation of global
capability centers (GCCs) into AI-powered hubs for innovation and growth. Stefanie Neumann,
CEO, Lufthansa Systems, said, “Our collaboration with Infosys to establish a dedicated Global
Capability Center has been a pivotal step in digital transformation journey of Lufthansa Systems.
By leveraging their strong GCC and AI capabilities, we are building a future-ready innovation
hub that enables our customers to enhance aviation safety, drive operational efficiency, and
improve customer experience. This partnership empowers us to accelerate our vision for
sustainable and intelligent aviation.”

Infosys announced its collaboration with NHS Business Services Authority (NHSBSA) to deliver
a new workforce management solution for NHS in England and Wales. Michael Brodie, Chief
Executive, NHSBSA, said, “Delivering the Future NHS Workforce Solution is a critical step in
supporting the ambitions of the 10-Year Health Plan. The solution will go far beyond simply
replacing ESR – it will be a strategic enabler for building a workforce that is fit for the future. By
working with Infosys, we’re creating a modern, data-driven solution that will help the NHS better
attract, retain and support its people.”
• Infosys collaborated with Telenor Shared Services to modernize its HR operations with a new
Oracle Fusion Cloud Human Capital Management (HCM) solution. Morten Dean Dunham,
CEO, Telenor Shared Services, said, “Modernizing our HR operations is crucial to improve
efficiencies and employee experience. By collaborating with Infosys to implement Oracle Cloud
HCM, we are confident we will get a solution that meets our future needs. This change will
further streamline our processes, provide a unified view of critical data, and ultimately enhance
the experience of our employees.

Infosys announced the launch of Infosys Topaz Fabric™, a purpose-built agentic services suite
– a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into
a composable, agent-ready ecosystem. Laxmi Srinivas Samayamantri, Vice President,
Global Engineering, Data & Architecture, Nu Skin, said, “We are collaborating with Infosys
to enrich beauty and wellness commerce IT operations through the power of Agentic AI.
Together, we are expanding this further with Infosys Topaz Fabric by enabling Agent Assist
features, which we anticipate will increase automation for application and infrastructure support,
enhance resilience, and elevate the user experience.”.

Infosys announced the launch of the Infosys Customer Experience Suite for Salesforce to help
enterprises navigate their agentic transformation and scale their digital workforce. Marko
Koistila, EVP Commercial Operations, VTT, said, “Our sales team previously spent too much
time on low-value tasks like lead grooming instead of fostering client relationships. Agentforce
automated the lead process, including contextual emails and meeting setups, allowing our team
to focus on collaboration and delivering superior customer experiences. Having Infosys, along
with Fluido as our expert partners, VTT became one of the first organizations outside Salesforce
to implement a live SDR Agentforce agent. Building on the success of this initial implementation,
we are collaborating together to develop two additional Agentforce agents for other areas of
organizational support.”
• Infosys collaborated with Barry Callebaut to drive a multi-year, AI-powered digital transformation
aimed at creating an agile, tech-enabled enterprise that enhances customer experiences,
operational efficiency, and innovation. Amr Arafa, Chief Digital Officer, Barry Callebaut
Group, said, “Our collaboration with Infosys will play a key role in advancing Barry Callebaut’s
Business Led digital transformation (BC Next Level) journey. As part of our BC Next Level
strategic investment program, we are focused on building a tech-enabled, agile enterprise that
delivers superior customer experiences and operational excellence. Infosys, with its AI-first
approach and suite of generative AI platforms, will empower us to unlock efficiencies at scale,
build connected ecosystems, and accelerate innovation. Infosys’ deep domain expertise and
commitment to co-innovation make them a trusted partner in shaping our transformation
roadmap.”
• Infosys collaborated with Fresenius on a project called ELEVATE, a business transformation
initiative aimed at unifying and modernizing the company’s global business processes and IT
systems through SAP S/4HANA. Florent Durup, Business Transformation Lead for the
ELEVATE Program, Fresenius, said, “ELEVATE is the most critical business transformation
program for Fresenius and an important milestone of our journey. We have selected Infosys as
the SI partner after a rigorous and exhaustive process and are now moving forward with
confidence to deliver the ambitious goals of the transformation program together. Through this
collaboration, Fresenius and Infosys will work closely to deliver a robust, future-ready platform
that enhances agility, standardizes processes, and enables data-driven decision-making across
the organization.”