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Infosys Q2 Review — Guarded Outlook For FY26 Despite Revenue Beat; ICICI Securities Maintains 'Hold'

ICICI Securities maintains Hold on Infosys with target price of Rs 1,520.

<div class="paragraphs"><p>Infosys' headcount addition of 8,000 employees marked a change in trend of muted addition in past several quarters.&nbsp; (Photo: Vivek Amare/ Source: NDTV Profit) </p></div>
Infosys' headcount addition of 8,000 employees marked a change in trend of muted addition in past several quarters.  (Photo: Vivek Amare/ Source: NDTV Profit)
Infosys' revenue grew 2.2%/2.9% CC QoQ/YoY, including a 20bps contribution from acquisitions (one month incremental from MRE and Missing Link). Revenue growth was largely led by realisation gains amid soft volume growth. Realisation gains were driven by higher calendar working days and effective pricing increase in project Maximus.
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