Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation
digital services and consulting, delivered $4,941 million in Q1 revenues, year on year growth of 3.8% and sequential growth of 2.6% in constant currency. Operating margin was at 20.8%. Free cash flow generation was strong at $884 million, 109.3% of net profit. TCV of large deal wins was $3.8 billion, with55% net new. ROE improved by 140 bps to 30.4%.
“Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees”, said Salil Parekh, CEO and MD. “Our large deal wins of $3.8 billion reflect our distinct competitive positioning and deep client relationships”, he added.
Guidance for FY26:
- Revenue growth of 1%-3% in constant currency
- Operating margin of 20%-22%
Key highlights:
“Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth
at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project
Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder
value”, said Jayesh Sanghrajka, CFO. “Cash flow conversion was well above 100% for the fifth
consecutive quarter. The impact of currency volatility was effectively managed through our proactive
hedging strategy”, he added.
For the quarter ended June 30, 2025 - Revenues in CC terms grew by 3.8% YoY and by 2.6% QoQ
- Reported revenues at ₹42,279 crores, growth of 7.5% YoY
- Operating margin at 20.8%, decline of 0.3% YoY and decline of 0.2% QoQ
- Basic EPS at ₹16.70, increase of 8.6% YoY
- FCF at ₹7,533 crores, decline of 17.7% YoY;
FCF conversion at 108.8% of net profit
$3.8 Bn
Large Deal TCV
(55% Net New)
20.8%
Operating Margin
2.6% QoQ
3.8% YoY
CC Growth
8.6% YoY
EPS Increase
(₹ terms)
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