Infosys: Quarterly revenue crosses $5 bn mark

Second consecutive quarter of strong performance
Revenue growth of 2.2% sequentially in Q2 and 3.3% in H1 in CC; Large deal TCV at $3.1 Bn and FCF at $1.1 Bn
FY26 revenue guidance revised to 2%-3% and margin guidance retained at 20%-22%

BENGALURU, India, Oct. 16, 2025 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash flow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, with net new of 67%. Employee headcount increased by 8,203.

H1 revenues grew at 3.3% year over year in constant currency. Operating margin for H1 was at 20.9%.

“We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep understanding of clients’ priorities to deliver value from AI in this environment,” said Salil Parekh, CEO and MD. “Our proactive investments, over the last three years, in embracing an AI-first culture within Infosys has ensured that our people are reskilled to thrive in a human+AI workplace.  Infosys Topaz’s differentiated value proposition is unlocking value at scale in every transformation program,” he added.

Guidance for FY26:

•  Revenue growth of 2%-3% in constant currency

•  Operating margin of 20%-22%

Key highlights:

“We had robust all-round performance in Q2 – strong growth, resilient margins, very high cash generation and 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to futureproof the business with a tight focus on execution, amidst high uncertainty,” said Jayesh Sanghrajka, CFO. “In line with our Capital Allocation Policy, we have announced a share buyback for `18,000 crores during the quarter and an interim dividend of `23 per share, an increase of 9.5% over last fiscal,” he added.

Client Wins & Testimonials

•  Infosys transformed ABN AMRO’s lending process with nCino platform implementation by consolidating multiple legacy systems into a single, unified platform. Hans-Willem Giesen, IT Lead–Credits, ABN AMRO, said, “The transition to the nCino Platform, facilitated by our partners like Infosys, has brought about a significant shift in how we manage our lending process. This solution will improve operational efficiency, enhance our collateral management capabilities, and provide our customers with a faster, more transparent experience. As we look to the future, this platform will be a cornerstone of our continued growth and transformation.”

•  Infosys collaborated with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-border payments. Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.”

•  Infosys extended its strategic collaboration with Sunrise to accelerate its IT transformation, with a strong focus on data security, operational agility, and future AI integration. Anna Maria Blengino, CIO, Sunrise, said, “Through our strategic collaboration with Infosys, we are consolidating our technology landscape and infusing it with AI, putting enhanced customer experience at the heart of this transition. The Sunrise and Infosys teams are working side by side with a true one-team mindset to design and deliver platforms that are more agile, predictive, and scalable.”

•  Infosys announced a joint venture with Telstra, in Australia, by acquiring 75% of the shareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-enabled cloud and digital solutions for enterprises. Vicki Brady, Chief Executive Officer, Telstra, said, “Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region.”

•  Infosys collaborated with RWE AG to drive automated digital workplace transformation and improve operational efficiency. Gülnaz Öneş, Group CIO of RWE, said, “By leveraging modern technologies and aligning them with our sustainability and efficiency goals, we are streamlining operations, empowering our people, and creating value across RWE. Our collaboration with trusted partners like Infosys underscores our commitment to a resilient, agile digital workplace that drives sustainable growth.”

•  Infosys collaborated with HanesBrands Inc to unlock hyper productivity and AI-driven efficiency in the digital, business applications, and data landscape. Scott Pleiman, Chief Strategy, Transformation, Analytics and Technology Officer, HanesBrands, said, “As we continue to evolve our operational model, we sought an experienced collaborator with deep domain expertise and advanced capabilities in AI-driven transformation. Infosys’ AI-first approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity.”

•  Infosys collaborated with AGCO to deliver IT and HR operations transformation with an efficient and future-ready operational framework for growth. Viren Shah, Chief Digital & Information Officer, AGCO Corporation, said, “At AGCO, we’re committed to delivering excellence in everything we do, always putting Farmers First. Collaborating with Infosys is intended to enable us to create a responsive, streamlined and innovative operational ecosystem within IT and other functions that allows our teams to focus on critical and strategic initiatives that center on the farmer.”

•  Uniting Financial Services (UFS), Australia, subscribed to Infosys Finacle’s Digital Banking SaaS suite on AWS cloud, in a move that was completed in less than five months. John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services, said, “We are delighted to announce the successful go-live of the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape.”

•  Infosys collaborated with Glion Arena Kobe as their official digital innovation and GX partner to power smart and sustainable entertainment experiences. Jun Shibuya, President and Representative Director, One Bright KOBE Corporation, said, “Glion Kobe Arena is a new landmark commemorating the 30th anniversary of the Great Hanshin-Awaji Earthquake. Our vision for the arena is to become a pioneering next-generation entertainment venue, offering spectacular events while operating sustainably. We are happy to announce our agreement with Infosys as our official digital innovation and GX partner. Leveraging Infosys’ innovative solutions will help us aggregate data, utilize cloud technologies, explore new revenue opportunities, and deliver a seamless experience for all our fans and visitors.”

Recognitions & Awards

Brand & Corporate

•  Infosys honored with awards at ‘The Asset Corporate Sustainability Leadership Awards 2025’. Categories include the ‘Platinum Award for Excellence’ and ‘Best Investor Relations Team’

•  Recognized as one of the World’s Best Companies 2025 by TIME and Statista for its excellence in employee satisfaction, revenue growth, and sustainability transparency

•  Recognized among the World’s Most Trustworthy Companies 2025 by Newsweek and Statista

•  Recognized as one of the Best Companies for Women in India in the Hall of Fame for the seventh consecutive year and the 2025 Avtar & Seramount Best Companies for Women in India in the IT sector

•  Honored with the Exemplars of Inclusion in the Most Inclusive Companies Index 2025 by Avtar & Seramount

•  Recognized among the top 10 in the newly launched category of Best Companies for ESG in India in 2025 by Avtar & Seramount

•  Infosys Foundation & Infosys ESG Annual Report FY24-25 received the Gold Stevie® Award in the categories of ‘Best Annual Report – Non-Profit Organizations’ and ‘Other Publication – Company’. Infosys Integrated Report secured the Silver Stevie® Award for ‘Best Annual Report – Publicly-Held Corporations’ at the 22nd Annual International Business Awards®

•  Infosys BPM received the 9th Edition Women Empowerment Summit and GIWL Awards for ‘Best Organization for Women Empowerment’

•  Infosys BPM received the 20th Edition Future of L&D Summit and Awards 2025 for ‘Best Digital Learning initiative’

•  Infosys BPM received the Brandon Hall HCM Excellence Learning and Development Awards for ‘Best Learning Strategy’

AI and Cloud Services

•  Positioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud IT Transformation Services

•  Positioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting and Implementation Services (Innovation Guide for Generative AI Consulting and Implementation Services)

•  Recognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services 2025 Vendor Assessment

•  Recognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2025

•  Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in Clinical Trials 2025

•  Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine Learning Best-of-Breed Platforms

•  Recognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications

•  Infosys EdgeVerve recognized as the ‘Company of the Year’ with Silver Stevie® Awards in two categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, and ii) Business Technology for enterprise transformation

Key Digital Services

•  Recognized as a leader in IDC MarketScape: India IT/Digital Transformation Services for Public Sector 2025 Vendor Assessment

•  Recognized as a leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined Vehicles 2025 Vendor Assessment

•  Recognized as a leader in IDC MarketScape: Worldwide Industrial IoT End-to-End Engineering and Life-Cycle Services 2025 Vendor Assessment

•  Rated as a leader in Everest Group: Microsoft Business Application Services PEAK Matrix® Assessment 2025

•  Rated as a leader in Everest Group: Global Digital Workplace Services PEAK Matrix® Assessments 2025

•  Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix® Assessment 2025

•  Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix® Assessment 2025

•  Rated as a leader in Everest Group: Net-Zero Consulting Services PEAK Matrix® Assessment 2025

•  Recognized as a leader in HFS Horizons: Digital Marketing and Sales Services, 2025

•  Recognized as a leader in HFS Horizons: Cybersecurity Services, 2025

•  Positioned as a leader in NelsonHall: ServiceNow Services 2025 NEAT

•  Recognized as a leader in Constellation ShortList: Customer Experience (CX) Design & Execution Services – Global

•  Recognized as a leader in Constellation ShortList: Digital Transformation Services (DTX) – Global

•  Recognized as a leader in Constellation ShortList: Customer Experience (CX) Operations Services – Global

•  Recognized as a leader in Constellation ShortList for ER&D

•  Recognized as a leader in Constellation ShortList: AI Services – Global

•  Recognized as leader in Avasant Utilities Digital Services 2025 RadarView™

•  Recognized as leader in Avasant Global Competency Center (GCC) Services 2025 RadarView™

•  Infosys China recognized as the ‘Leading Digital Service Providers 2025 – Top 100’ by China Council for International Investment Promotion