Infosys Management Guidance Tracker

Revised from 0%-3% to 1%-3% in constant currency, reflecting strong Q1 but persistent macro uncertainty.

Revised from previous range; reflects strong H1 performance and includes seasonal H2 softness.

Infosys raised its constant currency revenue growth guidance for FY26 from 2%-3% to 3%-3.5%.

Constant currency revenue growth guidance for FY27, including contributions from recent acquisition Status but excluding others.

Margin guidance unchanged; aspiration to improve margin YoY despite headwinds from compensation and deal ramp-ups.

Margin guidance unchanged despite revenue guidance revision; Project Maximus and cost levers support.

Operating margin guidance remains unchanged at 20%-22% for FY26.

Operating margin guidance for FY27, with headwinds from wage hikes, productivity pass-throughs, and AI investments offset by Project Maximus.

Continued strong cash generation; 5th consecutive quarter of FCF >100% of net profit.

Expected effective tax rate range for FY27, reflecting normal operations.

100% net new deal announced post-Q2; expected to contribute to H2 revenue.

Management expects growth in Financial Services and Energy, Utilities, Resources, and Services verticals to accelerate in FY27 over FY26.

Plan to onboard approximately 20,000 college graduates in FY27, similar to FY26, with flexibility based on demand.

Pending regulatory approvals; last year revenue AUD 210M; not included in guidance.