Infosys Ltd
Infosys Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Volumes have remained flat over the past year, with expectations to stay flat or marginally positive over the next 12 months, contingent on macroeconomic environment improvements (Jayesh Sanghrajka, Page 45). - Revenue growth is guided at around 2.25% organic growth midpoint for FY27, slightly lower than FY26's 2.4%, with expected deflationary impacts from AI-driven productivity partially offset by growth in AI services and new areas (Pages 36, 39, 40). - AI-driven services are growing strongly and partially counterbalance deflation elsewhere (Pages 36, 39). - Large deal signings were strong at $15 bn with 55% net new, indicating robust pipeline and growth potential, supporting growth outlook (Page 40). - Acquisitions contribute incremental growth (e.g., Stratus adds approx. FY27 growth guidance: 1.5% to 3.5% in constant currency, with acquisitions like Stratus baked in (~25 bps); Optimum Healthcare and Versent JV not yet included due to pending approvals.
From Infosys Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Volumes have remained flat over the past year, with expectations to stay flat or marginally positive over the next 12 months, contingent on macroeconomic environment improvements (Jayesh Sanghrajka, Page 45).
- Revenue growth is guided at around 2.25% organic growth midpoint for FY27, slightly lower than FY26's 2.4%, with expected deflationary impacts from AI-driven productivity partially offset by growth in AI services and new areas (Pages 36, 39, 40).
- AI-driven services are growing strongly and partially counterbalance deflation elsewhere (Pages 36, 39).
- Large deal signings were strong at $15 bn with 55% net new, indicating robust pipeline and growth potential, supporting growth outlook (Page 40).
2 more points from Infosys Ltd's call on revenue
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Profitability & Margins
See what Infosys Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Infosys has invested significantly in AI capabilities and talent, absorbing related costs within margins while maintaining margin stability.
- There is continued investment in sales and marketing, including around AI talent acquisition and building AI competency.
- The company has made strategic acquisitions in healthcare (Optimum Healthcare) and insurance (Versent JV), aimed at expanding into growing markets and enhancing platform expertise.
- Acquisition-related costs are expected to impact margins by 60 to 70 basis points.
- Infosys remains cautious and selective with acquisitions, focusing on strategic, cultural, and value fit to ensure effective integration.
2 more points from Infosys Ltd's call on capex
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Top-ranked in IT - Software
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Order Book & Pipeline
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Infosys Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹49.2K Cr, net profit ₹7.8K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Infosys Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY26 earnings call →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
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Frequently Asked Questions
What were Infosys Ltd Q4 FY26 results?
Volumes have remained flat over the past year, with expectations to stay flat or marginally positive over the next 12 months, contingent on macroeconomic environment improvements (Jayesh Sanghrajka, Page 45). - Revenue growth is guided at around 2.25% organic growth midpoint for FY27, slightly lower than FY26's 2.4%, with expected deflationary impacts from AI-driven productivity partially offset by growth in AI services and new areas (Pages 36, 39, 40). - AI-driven services are growing strongly and partially counterbalance deflation elsewhere (Pages 36, 39). - Large deal signings were strong at $15 bn with 55% net new, indicating robust pipeline and growth potential, supporting growth outlook (Page 40). - Acquisitions contribute incremental growth (e.g., Stratus adds approx. FY27 growth guidance: 1.5% to 3.5% in constant currency, with acquisitions like Stratus baked in (~25 bps); Optimum Healthcare and Versent JV not yet included due to pending approvals.
What is Infosys Ltd share price analysis?
Infosys Ltd currently shows a neutral. The stock trades at a P/E of 15.2 with a market cap of ₹474,468 Cr. Investors should review the full earnings analysis for detailed insights.
Is Infosys Ltd planning capital expenditure?
Infosys has invested significantly in AI capabilities and talent, absorbing related costs within margins while maintaining margin stability.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.