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Infosys Q2 Review — IDBI Capital Maintains 'Buy' On Long-Term Positive Outlook With 16% Upside Potential

IDBI Capital maintains 'Buy' on Infosys but revises target price factoring in the current challenges such as tariffs, geopolitical tensions, sentiments related to H1B visa and trade barriers.

<div class="paragraphs"><p>Infosys' free cash flow was healthy at $1.1 billion, equal to 131% of net profit, while attrition dropped to 14.3%. (Photo: Vijay Sartape/NDTV Profit)</p></div>
Infosys' free cash flow was healthy at $1.1 billion, equal to 131% of net profit, while attrition dropped to 14.3%. (Photo: Vijay Sartape/NDTV Profit)
Infosys' Q2 FY26 revenues showed strong performance, growing 2.2%/2.9% QoQ/YoY in CC terms, driven by increased market share gains. Financial services (+5.4% YoY), Manufacturing (+6.6% YoY), Communication (+ 4.7% YoY) and Hi-tech (8.6% YoY) along with Europe (+6.3% YoY) & India (+6.8% YoY) backed the overall growth. Infosys revised its full-year revenue growth guidance to 2% to 3% in constant currency.
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