Infosys Q1 Results Updates: Profit Down 9%; ADRs Fall 5% As India's Second-Largest IT Services Giant Narrows Revenue Guidance

Infosys Ltd.'s American Depository Receipts (ADRs) fell nearly 4.53% lower at $10.44 as of 10:05 a.m. EDT. This is after ADR fell nearly 6% in pre-market trading. 

The ADR's fell as India's second-largest IT services company reported June quarter earnings and narrowed the upper end of its fiscal 2027 revenue growth guidance.

Infosys Management during concall:

• Guidance include recent acquisition growth 
• European clients impact was estimated between 0.75% to 1% 
• European clients impact has intensified over 1% creating headwind 
• Client termination impact came during the end of the quarter 
• Seeing net increasing in the pricing

Infosys Ltd.'s American Depository Receipts (ADRs) fell nearly 6% in pre-market trading in New York on Thursday after India's second-largest IT services company reported June quarter earnings and narrowed the upper end of its fiscal 2027 revenue growth guidance.

At around 5:50 pm IST, the Infosys ADR was down 5.86% at $10.29 in pre-market trading.

Read more here.

Infosys Management during concall:

• Impact of tariff is creating controlled budgets 
• Gen Ai is driving growth & productivity
• Large deal pipeline is healthy but decision is slower

Infosys Management during concall:

• Won five deals in financials 
• In FS spending patterns are taking more cautious approach 
• GCC continues to expand & co is partnering with them

Infosys Management during concall:

• Under Salil’s tenure co has grown from $10bn to $20bn 
• Will work with Salil for next few months

Infosys Management:

• Healthcare & life license to benefit on the back of acquisition
• Communication and retail continue to see challenges

Infosys Management:

• Growth in financial services will be higher compared to avg growth within the co 
• Some constraints in retail segment in terms of growth & not yet seeing pick up
• Do see AI compression in some parts of portfolio

Jayesh Sanghrajka, Chief Financial Officer (CFO)

• Macro might stabilise overtime
• Decided not to do anything toward  data centre space

Jayesh Sanghrajka, Chief Financial Officer (CFO)

• Most of the employees getting the increase in October 
• Senior employees will get the increase in January

Infosys Management:

• October and January to see compensation increases 
• Compensation increased to be in two parts

Infosys Management:

• TCV conversion sees good momentum
• Good traction with the GCC business
• GCC business is growing strong 
• AI lead revenue is at a significant 8%
• Can see long time relevance of AI revenue

Infosys Management:

• TCV conversion sees good momentum
• Good traction with the GCC business
• GCC business is growing strong 
• AI lead revenue is at a significant 8%
• Can see long time relevance of AI revenue

Infosys Management:

• Macro might improve, but not at the level expected
• AI Strategy is well put together & ASHISS is part of that

Salil Parekh, Chief Executive Officer (CEO) and Managing Director of Infosys:

• AI service is growing really well
• Double digit growth across several quarters in the past

Salil Parekh, Chief Executive Officer (CEO) and Managing Director of Infosys:

• Clients are able to optimise token cost which is very critical
• Micro environment continue to remain uncertain
• Changing the revenue growth guidance to 1.5% to 3%

Salil Parekh, Chief Executive Officer (CEO) and Managing Director of Infosys

• CC Revenue growth was at 1% QQ
• AI Services revenue was at 8.2% of the overall revenue of Q1
• Operating margin at 21.1% for the quarter
• Strong acceleration in the AI work
• AI revenue is growing in double digit QoQ

• Financial Services Rev rises 14% at Rs 13,463 crore.
• Mfg Rev up 13% at Rs 7,668 crore. 
• Energy, Utilities Rev rises 12% at Rs 6,452 crore.

• LTM Attrition At 13% versus 12.6% QoQ 
• LTM Attrition At 13% versus 14.4% YoY 
• Employee Headcount Falls By 532 To 3.28 lakh in Q1.

Infosys announced the appointment of Ashiss Kumar Dash as CEO Designate. This appointment is based on the recommendation of the Nomination and Remuneration Committee of the Infosys Board, and is for a period of five years, subject to the approval of shareholders.

Guidance for FY27

• Revenue growth of 1.5%-3.0% in constant currency
• Operating margin of 20%-22%
• Margin guidance Retained at 20%-22%

Infosys Q1 Result Highlights (Cons, QoQ)

• Revenue rises 3.9% at Rs 48,211 crore versus Rs 46,402 crore (Estimate Rs 7,774 crore).
• Net Profit falls 8.6% at Rs 7,769 crore versus Rs 8,501 crore (Estimate Rs 48,222 crore).
• EBIT rises 4.3% at Rs 10,163 crore versus Rs 9,743 crore (Estimate Rs 10,124 crore).
• Margin at 21.08% versus 21% (Estimate 20.99%).
• Appoints Ashiss Kumar Dash As CEO-Designate 
• To Appoint Ashiss Kumar Dash As CEO From April 1 

Analysts expect constant currency revenue growth of 1%–2.5% quarter-on-quarter, including around 1% contribution from recent acquisitions. Investors will watch for updates on the recently announced acquisition of Versent and the company's joint venture with Telstra

Management commentary on the impact of geopolitical disruptions, particularly the Middle East conflict, will also be in focus, along with the outlook for AI-led revenues, demand from Europe and trends in discretionary IT spending.

Citi expects Infosys to report large deal total contract value (TCV) of around $3 billion during the quarter.

Infosys Q1 Results Live Updates: As per market estimates, revenue is expected to be at Rs 48,222 crore, up 3.9% quarter-on-quarter from Rs 46,402 crore. Constant currency revenue growth is expected to be at 1%-2.5% quarter-on-quarter, including around a 1% contribution from recent acquisitions.

EBIT is also projected to be at Rs 10,214 crore, up 3.9% from the previous quarter. EBIT margins are expected to be largely unchanged at 20.99% as compared to 21% in the last quarter. Profits are projected to decline by 8.6% in Q1 FY27. Profit is estimated to be at Rs 7,774 crore as compared to Rs 8,501 crore in the previous quarter, as per Bajaj Broking.

Infosys Q1 Results Live Updates: The IT major's share price traded lower ahead of the announcement of June quarter results. Infosys will declare Q1 results post-market hours.

At 3:10 pm, shares of Infosys traded 0,625 lower at Rs 1,065.72 apiece on the NSE. This compares to a 0.535 drop in the Nifty 50 benchmark. Shares of Infosys are down 365 on a year-to-date basis. The IT major commands a market cap of Rs 4,24,057.56 crore.

Infosys Share Price Intraday

Infosys Q1 Results Live Updates: Infosys earnings scorecard in previous quarter

Infosys posted a 28% surge in profit at Rs 8,501 crore in the fourth quarter of the previous fiscal. This is in comparison to profit of Rs 6,654 crore in the same quarter of the previous fiscal. Revenue advanced by 2% year-on-year for the three months ended March, reaching Rs 46,402 crore in comparison to Rs 45,479 crore.

Operating income, or earnings before interest and taxes rose 3% year-on-year to Rs 9,743 crore. The EBIT margin expanded to 21% from the earlier 20.8% in the previous quarter. The company has also announced a dividend of Rs 25 per share. The total contract value (TCV) of large deal wins was $3.2 billion

Infosys Q1 Results Live Updates: Deven Choksey expects 3.4% YoY rise in revenue

Domestic brokerage Deven Choksey Research expects Infosys to report a steady quarter, supported by acquisitions and currency tailwinds. According to the brokerage, Infosys is likely to report revenue of $5,108 million, up 1.4% quarter-on-quarter and 3.4% year-on-year.

This implies a CC growth of 1.4% QoQ, supported by a two-month contribution from the Optimum Healthcare and Stratus acquisitions (0.8% inorganic). It added that organic CC growth of 0.6% reflects delayed decision-making impacting volumes and softer discretionary spends in Hi Tech and Retail.

Infosys Q1 Results Live Updates: Brokerages give split verdict for Infosys earnings

Axis Securities expects constant currency revenue growth of 2.1% quarter-on-quarter, supported by seasonal strength and acquisition-led growth, with no meaningful currency headwinds or tailwinds. 

HSBC and Citi also see the possibility of Infosys trimming the upper end of its fiscal 2027 revenue guidance, although both expect the company's EBIT margin guidance of 20%–22% to remain unchanged.

Infosys Q1 Results Live Updates: Nuvama analysts expect margins to expand in Q1

Nuvama expects the company to upgrade its fiscal 2027 constant currency revenue growth guidance to 2.5%–4.0% from the current 1.5%–3.5%, reflecting the contribution from recent acquisitions. It also expects EBIT margin to expand by around 30 basis points due to currency tailwinds and lower provisions for doubtful debts.

Infosys Q1 Results Live Updates: Goldman Sachs expects a reduction in growth outlook for Infosys

However, Goldman Sachs believes Infosys may effectively lower its organic growth outlook. While the acquisition is expected to add roughly 120 basis points to fiscal 2027 revenue growth, the brokerage expects the company to keep the upper end of its overall guidance unchanged, implying a 50–100 basis point reduction in the underlying organic growth outlook.

Infosys Q1 Results Live Updates: Jefferies expects Infosys to raise 2027 revenue guidance

Jefferies expects first-quarter revenue to grow 2.5% quarter-on-quarter in constant currency, including around 100 basis points of inorganic contribution. It expects Infosys to raise its fiscal 2027 revenue growth guidance by 100 basis points to 2.5%–4.5% while maintaining its EBIT margin guidance of 20%–22%.

Infosys Q1 Results Live Updates: Infosys key financials under investor's radar

Analysts expect constant currency revenue growth of 1%–2.5% quarter-on-quarter, including around 1% contribution from recent acquisitions. 

Investors will watch for updates on the recently announced acquisition of Versent and the company's joint venture with Telstra.

Management commentary on the impact of geopolitical disruptions, particularly the Middle East conflict, will also be in focus, along with the outlook for AI-led revenues, demand from Europe and trends in discretionary IT spending.

Citi expects Infosys to report large deal total contract value (TCV) of around $3 billion during the quarter.

Infosys Q1 Results Live Updates: As per Bloomberg consensus estimates, Infosys is expected to report:

• Revenue of Rs 48,222 crore, up 3.9% quarter-on-quarter from Rs 46,402 crore.
• EBIT of Rs 10,124 crore, up 3.9% from Rs 9,743 crore.
• EBIT margin of 20.99%, largely unchanged from 21%.
• Net profit of Rs 7,774 crore, down 8.6% from Rs 8,501 crore in the previous quarter.

Infosys Q1 Results Live Updates: What will Infosys earnings scorecard show?

Infosys Ltd is expected to report a mixed performance for the first quarter of fiscal 2027, with revenue likely to rise sequentially, while net profit is seen declining due to a higher base and other operating factors.

According to analysts, the IT major is expected to report modest constant currency growth, aided by acquisitions, while investors will closely track management's commentary on fiscal 2027 guidance, artificial intelligence demand, deal wins and discretionary spending trends.

READ MORE: Infosys Q1 Preview: Profit Seen Falling 9%; Brokerages Split On FY27 Guidance

Infosys Q1 Results Live Updates: How has Infosys share price performed?

The stock has remained under pressure this year amid concerns over global IT spending and a cautious demand environment.

Shares of Infosys have declined 4.11% over the past five trading sessions. The stock has gained 0.44% in the past month but is down 36.44% over the last six months. On a year-to-date basis, it has fallen 34.41%, while it has declined 32.29% over the past year.

The stock hit a 52-week high of Rs 1,728 apiece on the NSE on Feb. 3, 2026, and a 52-week low of Rs 982.40 apiece on July 1, 2026.  

Infosys Q1 Results Live Updates: Earnings Call Schedule

The company will conduct a 60-minute conference call with investors and analysts on July 23 at 5:30 p.m. IST.

India: 91 22 6280 1168, 91 22 7115 8069

US: 1 866 746 2133

Singapore: 800 101 2045

Hong Kong: 800 964 448

Japan: 0053 116 1110

UK: 0 808 101 1573

Infosys Q1 Results Live Updates: Investors to keep on key financials in Infosys scorecard

What To Watch Out For

• FY27 Revenue Growth Guidance
• Large Deal Wins And Total Contract Value (TCV)
• AI And Generative AI Commentary
• Deal Pipeline Conversion
• Operating margin

Infosys Q1 Results Live Updates: In an exchange filing dated June 15, Infosys said that a meeting of its Board of Directors is scheduled on July 22-23 to consider and approve the audited standalone and consolidated financial results for the quarter ending June 30, 2026.

The company is expected to announce the results after the board meeting concludes on July 23, likely after market hours, based on its past reporting pattern. 

The board meeting agenda does not mention the consideration of an interim dividend. Infosys has not announced any dividend proposal along with its Q1 FY27 results.

Infosys Q1 Results Live Updates: Several blue-chip majors such as IndiGo, Cipla, and others are set to declare Q1 scorecards today. Following the results, companies will hold earnings calls with investors and analysts to discuss their performance and future plans.

Market participants are keeping a close watch on IT heavyweights, including Infosys to track key indicators such as hiring plans, AI spending, deal wins, dividend announcements, and more. Watch this space for all the action from India Inc earnings reports.

Stay tuned to NDTV Profit for all back-to-back live updates of Q1 Results and company announcements on Thursday, July 23, 2026.

Infosys Q1 Results Live Updates: Hello and welcome to NDTV Profit's live coverage of Infosys Q1 earnings on July 23, 2026! Stay tuned to our live blog as we bring you all major updates on April-June quarter earnings for the current fiscal (Q1FY27) and company announcements throughout the day. India's second-largest IT services giant is all set to announce its first quarter results for current fiscal today post-market hours. Heavyweights TCS, Wipro HCLTech have declared their June quarter results.