INFY
The headline number: finally, a 2 in front
Infosys just crossed a milestone that looks great in a slide deck and even better in a conference-room recap: FY26 revenue hit $20.158 billion. Constant-currency growth came in at 3.1%, which is respectable in a world where enterprise IT spending can sometimes feel like a frozen windshield in January — not much moves fast, but plenty can still go wrong.
The part investors will actually squint at
The company also posted operating margin of 20.3% on an IFRS basis, with adjusted margin at 21.0%. Translation: Infosys is still keeping the profit engine humming, even if topline growth isn’t exactly making headlines for speed.
Big deals, bigger question
Management said it landed $14.9 billion in large deal wins and generated $3.7 billion in free cash flow. That’s the kind of combo investors like to see because it suggests demand isn’t falling off a cliff and the company still has real cash to play with.
But here’s the catch: FY27 guidance calls for 1.5% to 3.5% revenue growth and 20% to 22% operating margin. So yes, Infosys is growing. No, it’s not exactly channeling Formula 1.
Why you should care
For investors, this is less about one shiny quarter and more about the vibe check: Infosys is proving it can stay profitable and land huge contracts, but the outlook says the growth story is still cautious. Big picture: the business looks solid, just not electrifying — which is often exactly what the market debates when it prices IT services stocks.