Infosys Limited · INFY · FY2026 Q4 · Calendar Q2 2026
Infosys holds FY2027 outlook as AI services accelerate
The call provides evidence for resilient demand in selected verticals and accelerating AI services, but only modest FY2027 growth guidance. The one-year case is therefore balanced: AI execution and large deals support growth, while competition, service compression, and acquisition execution remain material counterweights.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management highlighted stronger AI-services momentum, a $14.9B full-year large-deal pipeline, and FY2027 revenue growth guidance of 1.5%–3.5% with a 20%–22% operating-margin target. Stratus has closed, while Optimum and the Australian joint venture remain pending approval.
Guidance delta
FY2027 revenue growth guidance is 1.5%–3.5%, with an operating-margin target of 20%–22%; management maintained its outlook.
Key takeaways
- FY2026 revenue growth was modest, while Q4 growth and the full-year large-deal pipeline provided support.
- AI services are accelerating and remain central to the growth strategy.
- FY2027 guidance is modest, reflecting competitive intensity.
- Stratus is closed; Optimum and an Australian joint venture remain pending regulatory approval.
- Management expects margin resilience despite wage, amortization, and AI-productivity headwinds.
Management priorities
- Execute the Topaz Fabric and CoBolt AI roadmap.
- Expand AI services across modernization, automation, data, and trust.
- Pursue acquisitions in healthcare, insurance, and AI startups.
- Scale large-deal delivery and presence in Europe, Japan, and emerging markets.
- Develop outcome-based models for AI-centric engagements.
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Try FN2 freeCompany context
Snapshot as of publicationInfosys Limited, through its global network of subsidiaries, delivers an extensive portfolio of consulting, technology, outsourcing, and next-generation digital services spanning North America, Europe, India, and other international markets. The company's diverse offerings encompass a broad spectrum of digital capabilities, including marketing, workplace modernization, e-commerce, customer experience enhancement, and exploration into the metaverse. It provides expertise in data analytics, both applied and generative artificial intelligence, sustainability initiatives, blockchain, engineering, and the Internet of Things. Further services cover enterprise agile DevOps, application modernization, cloud computing, digital process automation, and optimization of digital supply chains. Infosys also specializes in Microsoft business applications, cloud business integration, service experience transformation, energy transition, robust cybersecurity, and quality engineering.…
Historical context
All INFY earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
| WDC Western Digital Corporation | FY2027 Q1 · Calendar Q4 2026 | +12.9% | -6.4% | Western Digital pairs strong FY27 Q1 growth with an accelerated HDD roadmap |
Latest beats and misses
Who reports nextBeat on EPS
- FIXFY2026 Q3 · October 22, 2026+8.2% EPS-8.5% move
- DECKFY2027 Q2 · October 22, 2026+13.4% EPS-0.2% move
- OMCFY2026 Q3 · October 22, 2026+2.2% EPS+2.6% move
- SSNCFY2026 Q3 · October 22, 2026+0.6% EPS+2.8% move
- BEFY2026 Q3 · October 22, 2026+36.0% EPS-8.7% move
- ROPFY2026 Q3 · October 22, 2026+1.7% EPS+9.7% move
Missed on EPS
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
- HBANPFY2026 Q3 · October 22, 2026-5.3% EPS0.0% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-23T19:40:41.487193+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T19:40:41.484385+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-23. For educational purposes only; not investment advice.