Key Takeaways
- Consolidated net profit rose 12% YoY to Rs 7,769 crore, missing the CNBC-TV18 poll estimate of Rs 7,903 crore
- Revenue from operations grew 14% YoY to Rs 48,211 crore in Q1 FY27
- Board named Ashiss Kumar Dash as CEO-designate; he succeeds Salil Parekh as MD & CEO effective April 1, 2027
- Operating margin expanded to 21.1% from 20.8% a year earlier
- FY27 constant currency revenue growth guidance trimmed to 1.5–3%, from 1.5–3.5% projected in April 2026
- Large deal TCV stood at $3.6 billion with 61% net new business; AI-linked revenue formed 8.2% of total revenue
IT services major Infosys Ltd on July 23, 2026, reported a 12% year-on-year (YoY) rise in consolidated net profit to Rs 7,769 crore for the quarter ended June 30, 2026 (Q1 FY27), against Rs 6,921 crore in the same period last year, according to the company’s stock exchange filing.
The profit came in below the CNBC-TV18 poll estimate of Rs 7,903 crore.
Revenue from operations climbed 14% YoY to Rs 48,211 crore, compared with Rs 42,279 crore in Q1 FY26.
Alongside the results, the Infosys board appointed Ashiss Kumar Dash as CEO-designate, with plans for him to take over as Managing Director & CEO from April 1, 2027, once Salil Parekh completes his second term after more than nine years at the helm.
Q1 FY27 Snapshot: Profit, Revenue and Margins
| Particulars | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | Rs 48,211 crore | Rs 42,279 crore | +14% |
| Net Profit | Rs 7,769 crore | Rs 6,921 crore | +12% |
| Operating Profit (EBIT) | Rs 10,163 crore | Rs 8,803 crore | +15% |
| Operating Margin | 21.1% | 20.8% | +30 bps |
| Dollar Revenue | $5.08 billion | — | +3% YoY |
| Free Cash Flow | Rs 9,051 crore | — | 116.4% of PAT |
| Large Deal TCV | $3.6 billion | — | 61% net new |
Source: Infosys stock exchange filing, July 23, 2026
On a sequential basis, net profit fell from Rs 8,501 crore in the March 2026 quarter (Q4 FY26), while revenue rose from Rs 46,402 crore, Infosys said. In dollar terms, revenue stood at $5.08 billion, up 3% YoY and 0.8% quarter-on-quarter (QoQ), with constant currency (CC) growth of 2.4% YoY and 1% QoQ.
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Infosys Trims FY27 Revenue Growth Guidance to 1.5–3%
| FY27 Guidance | Previous (April 2026) | Revised (July 2026) |
|---|---|---|
| Revenue Growth (CC) | 1.5%–3.5% | 1.5%–3.0% |
| Operating Margin | 20%–22% | 20%–22% (unchanged) |
Ahead of the results, Infosys shares had closed 2% lower at Rs 1,052 on the BSE on July 22, 2026, with the stock trading over 34% below its 52-week high of Rs 1,728 and near its 52-week low of Rs 982.4, reflecting persistent caution around discretionary IT spending and AI-led disruption fears.
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Salil Parekh, Jayesh Sanghrajka on AI-Led Growth
CEO and MD Salil Parekh said AI-led momentum is increasingly converting into revenue, calling it evidence that the company’s enterprise AI proposition is helping it gain market share. He added that large deal wins, powered by the Infosys Topaz platform, reflect client confidence in the company’s ability to lead AI-driven transformation.
CFO Jayesh Sanghrajka attributed the 21.1% operating margin and strong cash generation to disciplined execution, noting that Infosys is stepping up investment in AI, talent and platforms to support future growth, per the company’s earnings commentary.
AI Revenue at 8.2%, Workforce Holds Steady at 3.28 Lakh
AI-linked revenue accounted for 8.2% of total revenue in Q1 FY27, Infosys disclosed.
| Employee Metric | Q1 FY27 | Q4 FY26 (Mar 2026) | Q1 FY26 (Year Ago) |
|---|---|---|---|
| Total Employees | 3,28,062 | 3,28,594 | 3,23,788 |
| Voluntary Attrition | 13.0% | 12.6% | 14.4% |
Attrition rose sequentially but stayed below the year-ago level, the company said.
Life Sciences Leads Segment Growth at 24%, Retail Slips 1.8%
| Vertical | Share of Revenue | YoY Growth (CC) |
|---|---|---|
| Financial Services | 27.9% | +2% |
| Manufacturing | 15.9% | +1% |
| Energy, Utilities & Resources | 13.4% | +1.3% |
| Life Sciences | 8% | +24% |
| Hi-Tech | NA | +2.4% |
| Communication | NA | +1.3% |
| Retail | NA | -1.8% |
Life sciences was the fastest-growing vertical in CC terms, while retail remained the weak spot, per Infosys’s segmental disclosures.
Ashiss Kumar Dash to Take Over as CEO on April 1, 2027
Dash, who currently leads Infosys’s global services, utilities, resources, energy and sustainability business, has spent over three decades with the company across delivery, customer-facing and global operational roles, the filing said. His elevation was recommended by the Nomination and Remuneration Committee for a five-year term, subject to shareholder approval.
NiftyTrader Desk View
| Stock | Key Technical Trigger | Trader View |
|---|---|---|
| Infosys | Closed at Rs 1,052 on July 22, 2026 (BSE), down 2% ahead of results; trading near its 52-week low of Rs 982.4, over 34% below its 52-week high of Rs 1,728 | Market participants may track post-result price action around the Rs 1,000–1,050 zone; the trimmed FY27 guidance and CEO transition are seen as key sentiment triggers for the next session |
Also Check: Infosys Option Chain (INFY) — Live OI, IV, Greeks & PCR
Bottom Line
Infosys’s Q1 FY27 print shows steady double-digit growth on both profit and revenue, even as the narrower guidance band signals continued caution on discretionary technology spending.
The succession plan for Dash gives the market close to nine months of visibility ahead of the actual handover in April 2027.
Subsequent quarters will be watched for confirmation of AI-led revenue acceleration and any further revision to the FY27 outlook.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Readers are advised to consult a SEBI-registered financial advisor before making any investment decisions.
