Infosys lowers FY27 constant-currency revenue growth outlook to 1%-2% from 1.5%-3%

Infosys, the Bengaluru-based IT services group listed on the NSE, BSE and NYSE, lowered and narrowed its fiscal 2027 revenue growth guidance with its second-quarter results on 23 October 2026, three months after setting a 1.5%-3.0% constant-currency range with its first-quarter results on 23 July 2026. The new range is 1%-2%. In the first half of the year, revenue grew 1.9% year on year in constant currency. The release does not give a reason for the lower range.

Revenue rose 1.2% from the prior quarter in constant currency. First-half revenue was $10,227m, up 2.1% in reported terms. Operating margin was 21.0% in the quarter, which Infosys called stable, against 21.1% in Q1 FY27. Net profit after non-controlling interests was $817m, against $839m a year earlier. Basic EPS was $0.20 in both periods; Infosys put the year-on-year decline at 0.3%. In rupee terms, Infosys put EPS growth at 8.7% year on year.

Chief Financial Officer Jayesh Sanghrajka attributed the stable margin to cost and operational efficiency measures alongside required investments. Free cash flow of $928m represented 113.3% of net profit, by Infosys's calculation; the release does not say which net profit measure it used. Net profit was $819m before non-controlling interests and $817m after. The board declared an interim dividend of ₹26 per share, up 13% from ₹23 a year earlier.