INFY
A pretty solid quarter, with no fireworks
Infosys just showed up with a respectable Q1: revenue hit $5.08 billion, up 2.4% year over year in constant currency, and operating margin clocked in at 21.1%. That’s basically the corporate version of saying, “We didn’t sprint, but we didn’t trip either.”
The standout detail for investors is the AI piece. Infosys said AI revenues were 8.2% of the quarter, which tells you the company is actually turning all the AI buzz into something that shows up in the numbers.
The deal machine is still humming
The company also booked $3.6 billion in large deal wins, with 61% net new. That matters because big contracts are the bread and butter of a services business like this — they give you more visibility, more backlog, and fewer anxious boardroom coffee breaks.
Free cash flow came in at $0.96 billion, which is another nice little reminder that Infosys is still throwing off real cash while it grows. For a business this size, that’s the difference between looking trendy and being durable.
Guidance: a gentle nudge, not a victory lap
Infosys revised FY27 revenue guidance to 1.5%–3.0% while keeping margin guidance at 20%–22%.
That’s the part investors will stare at like it’s a personality test:
- Revenue guidance got a modest bump
- Margin guidance stayed put
- AI is contributing, but not enough to make this a hype-fueled moonshot
Big picture: Infosys is still in the “slow and sturdy” lane. If you own the stock, you probably wanted proof the AI story was real — and now you’ve got some. If you wanted a blowout acceleration story, keep looking.