Infosys Limited — Important, 28-07-2025: Updates

Infosys posted a strong Q1 FY26, with revenue up 2.6% sequentially in constant currency. Operating margin was 20.8%. Large deal wins totaled $3.8 billion, including over $1 billion from vendor consolidation. Free cash flow stood at $884 million, representing 109% of net profit. The company raised its FY26 revenue outlook to 1-3% constant currency, reflecting Q1 performance. However, the outlook considers persistent macro uncertainty, tariff issues, and elongated decision cycles impacting discretionary spending. Enterprise AI adoption and vendor consolidation are core growth drivers.