Infosys announced its Q2 FY26 results, reporting a 2.2% sequential revenue growth and a 2.9% year-over-year growth in constant currency. The company’s operating margin stood at 21.0%. Infosys has revised its revenue growth guidance for FY26 to 2%-3% in constant currency. A large deal TCV of $3.1 billion was reported with net new at 67% and free cash flow generation remained strong at $1.1 billion. The company has also approved a share buyback of ₹18,000 crores.
Financial Performance
Infosys (NSE, BSE, NYSE: INFY) reported Q2 revenues of $5.076 billion, with year-over-year growth of 2.9% and sequential growth of 2.2% in constant currency. The operating margin was at 21.0%. Free cash flow generation was strong at $1.1 billion, representing 131.1% of net profit. Large deal TCV was at $3.1 billion, with net new at 67%. Employee headcount increased by 8,203.
H1 revenues grew at 3.3% year over year in constant currency. Operating margin for H1 was at 20.9%.
Revised Guidance
Infosys has revised its FY26 revenue growth guidance to 2%-3% in constant currency while maintaining an operating margin guidance of 20%-22%.
Key Financial Metrics
- Revenues in CC terms grew by 2.9% YoY and 2.2% QoQ.
- Reported revenues at ₹44,490 crore, a growth of 8.6% YoY.
- Basic EPS at ₹17.76, with a growth of 13.1% YoY.
- FCF at ₹9,677 crore, with a growth of 38.0% YoY and FCF conversion at 131.2% of net profit.
Client Wins & Testimonials
Infosys transformed ABN AMRO’s lending process with nCino platform implementation.
Additional Approvals
The Board has approved a share buyback for ₹18,000 crores during the quarter and an interim dividend of ₹23 per share, an increase of 9.5% over last fiscal.
Source: BSE
