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Infosys Ltd.'s financial performance for the fourth quarter of FY26 has been largely in-line with market expectations. However, the company registered a steep fall in its constant currency growth.
Here's all you need to know about the IT giant's financial fine print:
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Workforce trends indicate a cautious approach. TCS added over 2,000 employees sequentially in Q4, taking its headcount above 5.8 lakh, although annual numbers declined due to restructuring. Wipro hired more than 3,000 freshers in the quarter but refrained from offering hiring guidance for FY27.
Infosys reduced its workforce by 8,440 employees sequentially to 3.28 lakh, even as attrition rose slightly to 12.6%, reflecting ongoing optimisation.
The IT giants have been rather discreet about their AI revenues. Infosys particularly refused to reveal their artificial intelligence revenue for the quarter, reiterating the growth rate of 5.5% it had announced earlier as well.
Nonetheless, Artificial intelligence is rapidly emerging as the defining theme for the sector.
Despite pressure on dollar revenues, reported revenue growth remained steady. TCS led the pack with a 5.4% sequential rise in revenue to Rs 70,698 crore, beating estimates, while Infosys posted a 2% year-on-year increase to Rs 46,402 crore. Wipro reported Rs 24,236 crore in Q4 revenue, up 3% sequentially.
Margins, however, told a more differentiated story. Wipro emerged as the standout performer, with EBIT jumping 19.7% sequentially to Rs 4,181 crore and margins expanding sharply to 17.3%. TCS maintained industry-leading margins at 25.3%, with EBIT rising 6% sequentially to Rs 17,870 crore. Infosys saw a modest improvement, with EBIT margins inching up to 21%.
India's top-tier IT services firms, Tata Consultancy Services, Infosys and Wipro, have delivered a mixed set of fourth-quarter results, reflecting a sector navigating macroeconomic uncertainty, geopolitical tensions and a gradual pivot towards artificial intelligence-led growth.
The March quarter earnings underscore a clear trend: while demand remains resilient in pockets, global headwinds such as tariffs and the ongoing Iran conflict continue to weigh on client spending and decision-making cycles.
CC revenues are coming to bite Indian IT titans. TCS reported a 0.5% year-on-year decline in FY26 revenue to $30,017 million, its first-ever annual drop, with a sharper 2.4% fall in constant currency terms. Wipro's IT services revenue also slipped marginally by 0.3% to $10,478.1 million, although its rupee revenue rose 4%, suggesting relative stability.
Infosys, meanwhile, saw constant currency growth soften, with a decline of 1.3% to 3.1% in the March quarter, the steepest drop in four quarters, highlighting continued demand moderation.
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Source: Con Call
Salil Parikh, the CEO of Infosys said that growth looked good in the start of FY26 but due to war there was change in economic environment in some geographies.
Infosys fine print
Company signed multiple deals in Europe and deals in Europe are seeing healthy traction
Jayesh Sanghrajka, the group CFO of the IT giant said that it’s a wait and watch for the war impact on the business
Guidance for FY27:
• Revenue growth of 1.5%-3.5% in constant currency
• Operating margin of 20%-22%
Salil Parikh, the CEO of Infosys, did not reveal the latest AI revenue numbers during the presser and said that it is growing over 5.5% as stated during AI day.
The American Depositary Receipts for Infosys Ltd. traded as low as 5.7% over an hour before the wall street opened for the day.
Infosys announced its fourth quarter results for fiscal 2025-26 (Q4FY26) on April 23 and reported that its attrition rate rose to 12.6% compared to 12.3% in the preceding December quarter of FY26. India's second-largest information technology (IT) services giant's headcount in the March quarter of FY26 decreased by over 8,000 employees to 3,28,594 from 3,37,034 in the December quarter, according to the company's earnings results released post-market hours.
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In its post earnings press conference, the company said that it remains confident of delivering 20% to 22% of margin in FY27.
After hours of anticipation, Infosys has finally released its financial fine print for the last quarter of FY26. The company's growth has largely been in line with analysts' expectations.
Infosys Ltd.'s CC growth declined by 1.3% to 3.1%, clocking the sharpest decline in four quarters.
Infosys Ltd. has declared a final dividend of Rs 25 per share for its shareholders. The record date for the purpose of payment of final dividend is June 10, 2026 and the dividend will be paid on June 25, 2026.
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Infosys Q4FY26 Highlights (Cons, QoQ)
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Revenue at Rs 46,402 crore versus estimate of Rs 45,699 crore , up 2% from 45,479 crore
Infosys Ltd. registered its consolidated bottom-line at Rs 8,501 crore, exceeding analysts' expectations of Rs 7,398 crore.
The shares have fallen nearly 16% in the last 12 months and 23.2% year-to-date.
Infosys stock settled 2.21% lower at Rs 1,240.60 apiece on the NSE ahead of its Q4 results.
Hello IT enthusiasts! This is Khushi and I will be taking you through the fine print of the Infosys Q4 result.
Infosys Q4 Preview (Consolidated, QoQ, Bloomberg Estimates)
Kotak Institutional Equities
DAM Capital
The key question this quarter is whether Infosys can deliver stronger growth in FY27 after a soft March quarter. Management commentary on client budgets, discretionary spending, deal renewals, large transformation programmes, artificial intelligence-led productivity, and the benefit from Project Maximus will be closely watched alongside formal revenue and margin guidance.
Global consulting and IT services company Infosys Ltd. is set to announce its results for the fourth quarter of FY26 this week. With over 330,000 employees, the company serves clients in 59 countries.
In an exchange filing dated March 15, Infosys said a meeting of its Board of Directors is scheduled on April 22-23 to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31.
The Board of Directors will also recommend a final dividend, if any, for the financial year ended March 31.
The results for Q4FY26 will be declared around 3:45 p.m. Indian Standard Time (IST) on Thursday, April 23. The results will also be available here.
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