Seeking Alpha • May 07

Infosys: Next Fiscal Year Is Another Low-Single-Digit Growth Year (Rating Downgrade)

Summary Infosys Ltd. is downgraded to a hold as revenue growth remains subdued, with FY2027 guidance at only 1.5%–3.5%. Client-specific headwinds and a shift to offshore delivery are weighing on near-term growth, despite positives in Financial Services and EURS. Large-deal activity and AI-driven demand support INFY’s long-term outlook, but the backlog is not yet translating into accelerated revenue growth. Valuation is no longer demanding, but without clear growth acceleration or margin expansion, there is no catalyst for a bullish re-rating. Read the full article on Seeking Alpha

Seeking Alpha • Mar 31

Infosys: Well-Positioned To Support The Next Wave Of Digital Transformation

Summary Infosys is a global leader in digital services, well-positioned for long-term value creation despite near-term macroeconomic uncertainties and subdued client spending. INFY's strong client relationships, robust service portfolio, and operational excellence support resilient margins, with significant new large deal wins and a solid free cash flow generation. Growth strategies include leveraging the Topaz AI platform and Cobalt cloud solutions, strategic acquisitions, and enhancing operational efficiency through Project Maximus. Risks include macroeconomic volatility, non-price competition, execution challenges on large deals, and talent management, but INFY's strategic initiatives and client relationships offer strong growth potential. Read the full article on Seeking Alpha

Seeking Alpha • Jan 18

Infosys Ltd.: Share Price Drop Represents An Attractive Entry Point

Summary I reiterate a buy rating for Infosys Ltd. (INFY) due to improving demand, attractive entry point, and long-term growth potential. INFY's latest earnings show revenue growth of 1.7% q/q and 6.1% y/y, with a net profit increase of ~11.5% y/y. INFY's AI-driven large deal momentum and industry recovery signal strong growth potential, despite conservative 4Q25 guidance. Read the full article on Seeking Alpha

Seeking Alpha • Dec 28

Infosys Presents Strong Upside But Maybe Overvalued

Summary Infosys demonstrates strong financial performance with a 3.73% YoY sales increase and a 24.31% YoY rise in free cash flow, driven by cloud and AI platforms. Despite slight underperformance compared to industry benchmarks, Infosys' robust balance sheet and highest profit margin among peers justify its premium valuation. Analysts project a 7.17% price increase, driven by growth in AI and cloud services, though emerging market risks and AI execution remain concerns. I rate Infosys a 'buy' due to its superior growth metrics, flexible balance sheet, and potential to capitalize on tech megatrends like AI and cloud computing. Read the full article on Seeking Alpha

Seeking Alpha • Oct 22

Infosys: Mixed Results And Murky Outlook

Summary I maintain a Hold rating for Infosys Limited stock due to its mixed quarterly results and murky financial outlook. Infosys reported a revenue beat for Q2 FY 2025, but the company's latest quarterly earnings missed expectations. The company's revised full-year FY 2025 revenue guidance is favorable, but its operating margin guidance is at risk considering a pending wage hike. Infosys trades on par with Tata Consultancy Services based on the forward P/E metric, and its mixed prospects don't justify a valuation premium. Read the full article on Seeking Alpha

Seeking Alpha • Sep 23

Infosys: Exposed To Western Risks, But A Medium-Term Buy

Summary Infosys is at a medium-term inflection point, with strong growth estimates in FY26 and FY27 approaching after a relatively flat FY24. Based on my market psychology analysis, I believe the stock could deliver a total return of approximately 15% over the next 12 months. While the medium-term thesis is strong, the longer-term thesis faces broader risks, including AI growth slowdown and Western macroeconomic recession. As INFY is headquartered in India but sources most of its growth from Western countries, it is not a viable hedge against current Western economic weakness. Despite this, Infosys is a medium-term Buy, but it deserves careful monitoring for extended overvaluation and potential negative catalysts that could emerge in a few years. Read the full article on Seeking Alpha

Seeking Alpha • Jul 24

Infosys: Growth Is At The Inflection Point

Summary INFY is near a growth inflection point with improving operating indicators. Recent earnings show sequential growth and margin improvement. INFY is expected to continue trading at a premium valuation due to strong performance and growth potential. Read the full article on Seeking Alpha

Seeking Alpha • Jul 02

Infosys: Still A Buy But Watch These Key Levels For Support

Summary Lyn Alden discusses the fundamental snapshot for Infosys, highlighting valuation risks and concerns about AI disruption. Infosys is expected to see higher prices in the coming weeks to months, but with key support levels to watch. Our methodology suggests potential for Infosys to reach $23, but support at $16 must hold; see more in the article for how we arrive at these price levels. Read the full article on Seeking Alpha

Seeking Alpha • Jun 18

Infosys Is A Hold Considering Guidance And Project Mix

Summary Infosys is guiding for a modest, low-single digit percentage increase in its top line for fiscal 2025, and it is fair to say that the company's guidance is unimpressive. On the flip side, INFY's project mix is becoming more favorable with a growing number of bigger deals, which indicates that client confidence in the company is rising. Infosys stock is assigned a Hold rating, taking into account the favorable change in project mix, the lackluster financial guidance, and the stock's fair valuations. Read the full article on Seeking Alpha

Seeking Alpha • Apr 02

Infosys: This Pullback Can Set Up For A Move Much Higher (Technical Analysis)

Summary Infosys Limited stock is currently in a pullback phase, but it is expected to make a strong move higher in the future. The stock has corrected downward in price, making it more reasonable in terms of valuation. Our analysis suggests that a strong uptrend is likely in place for Infosys stock. Read the full article on Seeking Alpha

Seeking Alpha • Jan 18

Infosys: Quality Large-Cap Levered To An IT Spending Recovery

Summary After a year of underperformance, Infosys has caught a bid recently. Emerging signs of a tech spending recovery bode well for the sustainability of this rally. Even after the latest rally, INFY stock still has ample room to grow into its valuation. Read the full article on Seeking Alpha

Seeking Alpha • Jan 11

Infosys Fiscal Q3 Earnings Review: Business As Usual, Stock Is A Hold

Summary Infosys Limited met fiscal Q3 EPS estimates and missed revenue estimates by $10 million. Infosys secured $3.2 billion in large contracts in Q3, with 71% being net new, indicating potential for recurring revenue. The company has improved its cash position by nearly 11% over the last three quarters and is betting big on generative AI. However, Infosys stock appears richly valued here at 25 times forward earnings, and I suggest waiting for a pullback before buying. Read the full article on Seeking Alpha

Seeking Alpha • Nov 30

Infosys: AI Prospects Not Ready To Break Consolidation

Summary Infosys is positioned at the crossroads of maturity and new growth, with legacy IT solutions and generative AI. The company's flagship generative AI offering, Topaz, has the potential to drive significant growth and value appreciation. Infosys faces competition and market saturation risks in the IT services industry, but also benefits from India's growing economy. We are neutral pending further developments of Topaz. Read the full article on Seeking Alpha

Seeking Alpha • Nov 17

Infosys: Details On The Stock's Next Move

Summary Infosys stock has found an important low and is projected to begin a much larger rally phase next. The stock already has corrected downward in price, alleviating excessive valuation concerns. We discuss why it's sentiment that will drive the stock to higher highs, and where caution is advised if key support levels are violated. Read the full article on Seeking Alpha

Seeking Alpha • Oct 18

Infosys: Weathering Short-Term Challenges For Long-Term Growth Prospects

Summary Infosys reports positive trends in top-line and bottom-line results, reflecting long-term growth potential. The company has a strong pipeline of large deals, has major investments in generative AI, and has rewarded long-term investors with generous returns. I'm cautious of the reduction in FY 2024 growth guidance and that the stock is trading near its average price target. Read the full article on Seeking Alpha

Seeking Alpha • Sep 27

Infosys' Attractive Dividend Yield And Cheap Stock

Summary Infosys Limited faces short-term challenges due to cautious clients in sectors like financial services, mortgages, asset management, and telecom. Growth rates have moderated, and revenue growth guidance for the fiscal year has been revised to 1% to 3.5% due to client slowdowns. Infosys aims to enhance cost efficiency, automation, and profitability while offering a 2.5% dividend yield, presenting a solid business with a reasonable valuation. Read the full article on Seeking Alpha

Seeking Alpha • Jul 21

Infosys: Staying On The Sidelines

Summary Infosys has reported mixed results with GAAP EPS of $0.17 missing estimates by $0.01 and revenue of $4.62 bn beating by $10 mn, but has reduced its revenue growth guidance for FY24. While the longer term outlook is positive, there are near-term headwinds as client delay projects. The company's operating margin was 20.8% in the quarter, an 80 bps YoY improvement, and it has maintained its margin guidance. Valuation isn't cheap if we look at the slowing growth. Read the full article on Seeking Alpha

Seeking Alpha • Jul 05

Infosys: A Top Pick During The Digital Revolution

Summary The IT consulting industry is expected to achieve strong growth as AI and other digital capabilities further present value to corporates. We highlight AI, Cloud migration and related services, and cyber security as key areas of growth, in addition to its core development services. Infosys is forecast to grow at a CAGR of 10% and maintain its industry-leading margins, which will support strong distributions to shareholders. Infosys is attractively valued relative to its historical trading range. Read the full article on Seeking Alpha

Seeking Alpha • Jun 28

Infosys Guides To Moderate Growth Amid Client Challenges

Summary Infosys provides a wide range of business, IT and other consulting and advisory services to organizations worldwide. Management has guided to only moderate revenue growth in fiscal 2024 and faces client delays, deferrals and slower decision-making as macroeconomic uncertainties increase. Until we see better signals from management and from client behavior, I'm Neutral [Hold] for INFY. Read the full article on Seeking Alpha

Seeking Alpha • Feb 23

Infosys and Microsoft collaborate for rapid industry adoption of cloud

Infosys (NYSE:INFY) expanded its collaboration with Microsoft (MSFT) for accelerating enterprise cloud transformation journeys across the world. Infosys Cloud Radar indicates that enterprises can add up to $414B in net new profits, annually, through effective cloud adoption. Through the adoption of cloud improved speed for marketing and the ability to discover new revenue streams led to increased profit growth by up to 11.2% Y/Y. The collaboration will lead to benefits from Infosys Cobalt cloud offerings and Microsoft's cloud computing technologies, led by Azure, across the business value-chain. The collaboration between Infosys Cobalt and Microsoft Commerce will drive extreme automation for product launches in an area where both organizations are jointly innovating across the business value-chain, using Azure.

Seeking Alpha • Jan 14

Infosys: Earnings Beat, Raise Guidance To +16% Sales Growth

Summary Reported strong results for December quarter, above expectations. Guidance for revenue growth raised to +16.0 - 16.5% [prior 15% - 16%]. Vendor consolidation revenue opportunity of US$115 billion for entire industry over next 3 years. Strong deal wins and pipeline should lead to double-digit revenue growth. Buy on weakness with a US$22.00 price target. December Results Above Consensus Estimates India’s leading IT company Infosys (INFY) reported results for the December quarter [fiscal 3rd quarter for year ending 03/2023] that were above consensus estimates. EBIT grew by 5% QoQ, and a healthy 10% YoY. Net Income was up 9% QoQ, and 13% YoY. Despite a challenging global macro backdrop, management’s commentary on the demand environment and deal pipeline remained strong and raised revenue growth guidance in constant currency terms to 16-16.5% (vs. earlier 15-16%) and maintained EBIT margin guidance of 21-22% for FY23E. We expect INFY to continue to gain market share in technology adoption due to several secular trends. In view of strong deal wins, strong revenue guidance, healthy margin territory and attractive valuation, we would add to this stock on weakness. We value the stock at US$22.00, based on 22x forward estimates. Large deals to drive growth Infosys is seeing strong growth in digital and core growth. During the current quarter the large deals were more in renewals, led by vendor consolidation & client cost reductions opportunities. In our opinion, Infosys will be a key beneficiary of this trend for the next several years given the company’s ability to win market share and help clients in optimizing tech spends. This coupled with large deal wins and healthy pipeline bodes well for top-line and bottom-line growth. Worst over for Margin Concerns Cost pressures [mainly inflation-induced and attrition-related upward pressure on wages] have been a key concern of the entire Indian IT sector. We believe margins have now bottomed out, and will diminish as a concern along with reduced concerns on overall global inflation. Hence, we expect margins to improve going forward led by easing of supply side challenges, leveling-off of sub-con cost, and expense rationalization. Hence, we have assumed 21.3% margins for FY 03/23E and further 93 bps & 30 bps improvements in FY 03/24E & FY 03/25E to 22.2%. Large Deals a Positive A key positive for the December quarter was large deal flow. In the dominant USA market, Infosys signed US$3.3 billion in deals, up 20% QoQ and 30% YoY. Infosys and competitor TCS [India: TCS] are well poised to gain market share through large deal wins going forward, in our view. Infosys Company Description & Business Focus Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients around the world to create and execute strategies for their digital transformation. The company also provides digital marketing, artificial intelligence, automation, analytics, engineering services, and Internet of Things services among others. Key industries served by the company are financial services, insurance, manufacturing, telecom, retail, and consumer goods. The company's business segment are enterprises primarily in Financial Services and Insurance (over 30% of sales), Retail (some 15%), Communication (over 10%), Energy, Utilities, Resources and Services (over 10%), Manufacturing (roughly 10%), Hi-Tech (nearly 10%), etc. About 95% of sales were generated from software services. Software products and platforms account for the rest. Headquartered in Bangalore, India, currently has presence in more than 245 locations across about 55 countries. Sales from North American markets account for more than 60%, followed by Europe with approximately 25%, India with less than 5%, and the rest of the world accounts for the remaining sales. The company's revenue increased 20% from $13.6 billion in FY 02/2021 to $16.3 billion in 03/2022. This was primarily attributable to an increase in digital revenues, deal wins including large deals and volume increases across most of the segments. In FY 03/2022, the company had a net income of $3 billion, a 19% increase from the previous year's net income of $2.5 billion. Key Catalysts: In addition the aforementioned points on growth and client wins, other issues to note are: Rupee depreciation that could aid earnings, as Infosys benefits from a weaker local currency; we estimate that every 1% drop in the Rs/US$ helps earnings by 1-1.5% Strong economic activity in the US, by far the largest export market for Infosys (61% of revenues) Continued cost-cutting and outsourcing at US and European clients Better margin management from operating leverage

Seeking Alpha • Jan 08

Infosys: Weakening Macros Keep Me On The Sidelines

Summary INFY’s revenue growth should be impacted by weakening macros. Margins should benefit from improving utilization and lower subcontractor costs. I prefer to be on the sidelines.

Seeking Alpha • Nov 08

Infosys: Regaining Its Former Glory

Summary Infosys' competitive advantages of a strong brand, scale and four decades of high quality technology processes make it a very valuable company. The capability of managing 345,000 quality software professionals with the latest technology and implementing projects across the world across a wide swathe of verticals is a huge moat. It would take decades to get there if you had to do it organically or likely cost a lot more than the $77Bn market cap if you tried, inorganically. Infosys has returned to high growth under its new CEO. I believe Infosys can grow much faster in the next five years; a price of $18 is a very reasonable entry point. The Magnificent Seven - From humble beginnings to India's second most valuable brand In 1981, seven engineers quit Patni Computer Systems in Pune, India and started Infosys (INFY) in its first CEO, Narayan Murthy's home with Rupees 10,000 (about $1,200 at that time) borrowed from the CEO's wife. It took them two years to get their first computer, a Data General 32-bit MV8000. Legend has it that Murthy and his six other co-founders refused to pay the bribe demanded by a customs officer, who finally relented after getting tired of the founders' dogged resolve to never do anything unethical. This was important and really a crucial part of the reverence and respect that Infosys garnered through its meteoric growth -- as an ethical and completely professional giant organization every computer engineer in India aspired to join. It built a very strong foundation along with two other top notch Indian companies, TCS and Wipro (NYSE:WIT), which put India's IT Services companies on the world map and made Bengaluru, India a Silicon Valley zip code and the outsourcing capital of the world. It added two important milestones on its way. Infosys became the first IT company from India to be listed on the NASDAQ and its market cap reached US$100 million in 1999, at which time it was among the 20 biggest companies by market capitalization on the NASDAQ. A Lost Decade However, some 30 years after its beginnings and rapid growth, between FY 2011 and FY 2018, Infosys went sideways. It grew in single digits, lost market share to TCS and HCL and struggled to live up to its high standards. There was significant internal strife between the founders and the then CEO, with allegations of unethical behavior and profligacy - anathema to the founders and the principles which created Infosys. Returning Infosys to its Former Glory In FY 2019, Salil Parikh, a CapGemini veteran of 25 years, was handed over the reins to return Infosys back to its glory days. Parikh went back to the drawing board, reinvigorating the company with four basic strategic concepts: Agile Digital Business Energizing the Core Re-skilling Localization In the course of the last three years, Infosys has gotten back to bagging the large deals the way it used to. Its revenues, which were stuck at a tepid 8% growth for six years from FY March 2014 to FY March 2020, roared back to life with 20% revenue growth in FY22. The upward march continues with the 1st half of FY 2023 having also grown 19% in constant currency terms (Indian Rupees) and 14% as reported in USD. Management has signaled 15-16% revenue growth in USD for FY 2023, and if the 1st half is any indication, they are very likely to achieve it. Its large deal TCV (Total Contract Value) for the quarter was robust at $2.7Bn, its highest in the last 7 quarters. Also importantly, digital revenues, which were a paltry 25% in 2018 are now 61% of revenues in a rapidly changing Covid and post-Covid environment with a focused migration to cloud services and renewed emphasis on data analytics and security management. These were not Infosys' core strengths and pivoting towards these by re-skilling engineers has clearly paid dividends. They're also seeing success in their cloud based platform services "Cobalt", which crossed $1Bn in revenues in Q2-FY23. Infosys also took the more expensive option of providing strategic onsite services, biting the bullet often to create value and playing up to its brand strengths. The Bull Case What's in the secret sauce? Infosys' success of providing large scale, comprehensive and expensive enterprise software solutions to Fortune 500 and other big customers lies in its ability to provide expert process implementation, backed by top notch management supervising the best engineering talent for customized client requirements. The key to this process is leveraging a huge offshore support base of high quality engineers. Most of Infosys's business billing is 70% offshore and 30% onsite. With 345,000 employees and presence in 50 countries, this is the result of more than 30 years of institutionalized technology and process management, nurturing the right talent and keeping a deep bench without compromising on standards and quality, which has gotten them to this pole position. This is a huge competitive advantage. Traditional SaaS enterprise software providers can't get into this business and do it at the same cost or quality. This is an extremely difficult space to get into - it is the happy hunting ground for the big Indian software firms such as Wipro, Tata Consultancy Services and HCL. Hence the accolades, of which I've highlighted just a few. Infosys was recognized as the fastest-growing IT services brand in the world by Brand Finance, the world’s leading brand valuation firm, in its Global 500 2022 report. A Global Top Employer in 2022, in countries across APAC, Europe, The Middle East and North America. Infosys was recognized as one of the “Most Honored” companies, receiving multiple awards at the 2022 All-Asia Executive Team Rankings from Institutional Investor, a leading provider of independent, qualitative feedback, for the investment community. The rankings are based on the opinions of 4,854 investment professionals. It also became the second most valuable Indian brand, as named in the Brand Finance India 100 2022 report. Sheer Scale and Execution They have a presence in 9 major business segments with several verticals and in more than 50 countries, which bears testimony to their process strengths to provide a vertical agnostic solution. With about 30 years of tried and tested methods, Infosys has demonstrated that it can do it with the same high level of execution for a manufacturer like Daimler in Europe, a telecom in Norway or a bank's integration in the US. Besides providing its own IT services, Infosys also partners with SAP (SAP), Oracle (ORCL) to implement their platforms and products, including onboarding, customization, and client success. It is far more efficient for SAP and Oracle and other platforms to roll out their products with the help of Infosys than to do it on their own. Expanding in India The digital penetration of India across government institutions is low and the current government has shown a lot of initiative in digitizing more basic services, like passports, taxes and land records to name a few. Infosys grew domestic Indian services by 28% last year, its fastest geographic domain, however on a very small base of 2.5%. There is tremendous potential in this market India's government services digitization, and as the second largest Indian IT company, Infosys is one the few companies who can scale up to such a large size. Shareholder Friendly They're sitting on $4Bn in cash and generate gobs of cash every year; they've committed to returning 85% of net operating cash to shareholders each year. Currently the share buyback is for 52Mn shares (about 1.19% of shares outstanding) at a maximum price $23.13 (based on Re 1,850) for a period of six months effectively setting a floor on the price. From a MoneyControl article, JPMorgan said Infosys is its top pick among IT firms: “We would BUY the stock on weakness for its structural strengths and see limited earnings risk from this level given its guidance track record. It stays the sector bellwether and the best way to play the current tech spending super-cycle, in our view.” Challenges Belt Tightening and Waning Demand The biggest challenge to Infosys is a gloomy business scenario for 2023 with belt tightening from enterprise customers. Several cloud providers such as Amazon (AMZN) and Microsoft (MSFT) have shown signs of waning demand and more recently, Twilio (TWLO) and Atlassian (TEAM), two leading cloud based enterprise SaaS providers also guided lower for the quarter ahead. 86% of CEO's are expecting a recession in 2023, according to a new KPMG survey. It must keep getting new clients Infosys is not a SaaS recurring revenue business. Infosys along with Wipro and TCS have to rely on new clients for digitization, cloud migration and new software or business process implementation. It does not sell licenses where it can count on annual recurring revenues. The new client doesn't necessarily have to provide subsequent engagements and while "Cobalt" is a cloud offering that has shown success, it is still a small part of their overall business. Talent Retention and Wage Inflation With raging wage inflation the world over, Infosys saw operating margins fall to a low 20% as they ramped up hiring from 204,107 in FY19 to 314,015 FY22, an employee CAGR of 11.4%. JP Morgan also cited concerns about margins, for the current year but were optimistic about FY23-24 margin expectations. To their point, Infosys' average operating margins were consistently around 24% even in the tumultuous internal strife ridden half decade, and a 200 basis point drop is nothing to sneeze at, but seeing the Q3 operating margins go up to 21.5% in Q2-2023, I think this is short term noise worth ignoring. Infosys has been on a hiring binge and wage inflation has played a role in declining margins but over the course of the next decade this will be less of an issue.

Seeking Alpha • Oct 13

Infosys GAAP EPS of $0.18 in-line, revenue of $4.55B beats by $110M, revises FY guidance

Infosys press release (NYSE:INFY): Q2 GAAP EPS of $0.18 in-line. Revenue of $4.55B (+14.0% Y/Y) beats by $110M. Highest large deal TCV of $2.7 bn in last 7 quarters; quarterly attrition declined for 3rd quarter in a row Share buyback of ₹9,300 crores ($1.13 bn) and interim dividend of ₹6,940 crores ($0.85 bn) announced Digital revenues at 61.8% of total revenues, YoY CC growth of 31.2% Operating margin at 21.5%, decline of 2.1% YoY and increase of 1.5% QoQ FCF at $589 million, decline of 17.3% YoY; FCF conversion at 78.6% of net profit FY 23 revenue guidance is revised to 15%-16% from 14%-16%; operating margin guidance is also revised to 21%-22% from 21%-23%.

Seeking Alpha • Sep 20

Telenor Norway taps Infosys to modernize IT landscape

Infosys (NYSE:INFY) has entered into a partnership with Telenor Norway to assist the telecom operator in its modernization journey. As part of the collaboration, Infosys (INFY) will leverage its tools and accelerators to support the transformation of Telenor's IT stack in areas of digital, analytics & AI, and operations. The partnership will also focus on upskilling and competency development. The IT firm will support Telenor's 'Beyond Connectivity' strategy by jointly developing the required IT capabilities to help them become a digital-first organization.

Seeking Alpha • Sep 07

Infosys, Spirit AeroSystems form pact to co-develop aerostructure

Infosys (NYSE:INFY) has entered into a five-year agreement with Spirit AeroSystems (NYSE:SPR) to co-develop aerostructure and systems engineering services. The companies will work together to provide aerostructure and systems engineering services for product development of commercial, business jet and emerging aircraft programs, and maintenance, repair and overhaul services. Infosys (INFY) will deliver end-to-end product development services, including design engineering, sustaining engineering, systems engineering, stress engineering, manufacturing engineering, and repair and maintenance under the deal. It will also support Spirit (SPR) to secure efficient structural designs and a robust certification process to help manufacture more sustainable aircraft structures.

Seeking Alpha • Aug 30

Infosys: Well-Positioned To Ride Out The Downcycle

Summary Infosys is managing the demand headwinds well despite the macro uncertainties. Its margins have been less stellar, but management is sowing the seeds of a gradual recovery. Despite the resilience, shares have traded down, providing investors an opportune entry point.

Seeking Alpha • Jul 25

Infosys reports mixed Q1 results, raises FY2023 revenue growth outlook

Infosys press release (NYSE:INFY): Q1 GAAP EPS of $0.16 misses by $0.02. Revenue of $4.44B (+17.5% Y/Y) beats by $180M. Shares -0.7% PM. "Our strong overall performance in Q1 amidst an uncertain economic environment is a testament to our innate resilience as an organization, our industry-leading digital capabilities and continued client-relevance. We continue to gain market share and see a significant pipeline driven by our Cobalt cloud capabilities and differentiated digital value proposition," said Salil Parekh, CEO and MD. "We are investing in rapid talent expansion while ensuring rewarding careers for our employees, to better serve evolving market opportunities. This has resulted in a strong performance in Q1 and increase in FY 23 revenue guidance to 14%-16%," he added. FY2023 revenue growth guidance increased from 13% - 15% to 14% - 16% vs. consensus growth of 11.78%. Operating margin guidance retained at 21% - 23%.

Seeking Alpha • Jul 13

Infosys to acquire tech and consulting firm, BASE life science, collaborates with TK Elevator

Infosys (NYSE:INFY) announced a definitive agreement to acquire Denmark, Europe-based BASE Life Science, technology and consulting firm in the life sciences industry. The acquisition is targeted to help global life sciences companies realize business value from cloud-first digital platforms and data, to speed-up clinical trials and scale drug development, positively impacting lives and achieving better health outcomes. BASE brings to Infosys, domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow. Combined with Infosys, BASE will further expand its portfolio of expertise into Consumer Health, Animal Health, MedTech and Genomics segments. Separately, Infosys announced a global strategic collaboration with Düsseldorf, Germany-based TK Elevator; global 7-year collaboration is an extension of the successful modernization of TK Elevator's IT infrastructure in Europe and Africa. The collaboration, while improving availability of IT infrastructure, will reduce overall IT operational costs.

Seeking Alpha • Jun 17

Infosys: Investor Meeting Optimistic But Caution Warranted Near Term

Infosys outlined ambitious new growth plans at its latest investor meeting. But with an economic slowdown on the horizon and persistent margin pressure, the near-term earnings outlook could disappoint. Infosys shares trade at a lofty valuation and could be vulnerable to downside revisions ahead.

Seeking Alpha • Mar 09

Infosys: Robust Performance And A Promising Outlook

With innovation driving the current era, Infosys is an attractive investment opportunity driven by the increased demand for its services. The company is extensively growing its human capital despite increased attrition rates. Return on equity reached 30%, driven by consistent revenue growth and high operational efficiency.

Seeking Alpha • Nov 25

Infosys: Well Positioned For Digital Transformation-Led Multi-Year Growth Cycle

Indian IT services giants have been reporting stellar revenue growth numbers on the back of post-Covid recovery in global IT spend. Covid induced acceleration of business digital transformation suggests worldwide IT spend is on the cusp of a multi-year growth cycle. Booming demand for software professionals is spurring high attrition rates but it hasn’t impacted top line or bottom line growth for key players. US-listed Infosys - India’s second largest IT services company - a consistent performer in this space is worth a watch.

Seeking Alpha • Oct 20

The Momentum Investor: Spotlight On Infosys

The macroeconomic backdrop is positive. The company has had a positive earnings surprise. The stock has rallied and is potentially positioned to move higher.

CEO給与比率	8.62%
CEO在任期間	8.3yrs
CEOの所有権	0.03%
経営陣の平均在職期間	8.6yrs
取締役会の平均在任期間	5.5yrs

日付	総報酬	給与	会社業績
Mar 31 2026	n/a	n/a	US$3b
Dec 31 2025	n/a	n/a	US$3b
Sep 30 2025	n/a	n/a	US$3b
Jun 30 2025	n/a	n/a	US$3b
Mar 31 2025	US$10m	US$881k	US$3b
Dec 31 2024	n/a	n/a	US$3b
Sep 30 2024	n/a	n/a	US$3b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	US$10m	US$846k	US$3b
Dec 31 2023	n/a	n/a	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	US$10m	US$828k	US$3b
Dec 31 2022	n/a	n/a	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	US$6m	US$763k	US$3b
Dec 31 2021	n/a	n/a	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	US$6m	US$769k	US$3b
Dec 31 2020	n/a	n/a	US$3b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	US$6m	US$801k	US$2b

名称	ポジション	在職期間	報酬	所有権
Nandan Nilekani	Co-Founder & Non-Executive Chairman	44.8yrs	データなし	1.01% $ 478.8m
Salil Parekh	MD, CEO & Director	8.3yrs	US$10.22m	0.034% $ 16.3m
Jayesh Sanghrajka	Chief Financial Officer	2.1yrs	US$1.06m	0.0028% $ 1.3m
Inderpreet Sawhney	Executive VP	8.8yrs	US$2.42m	0.0052% $ 2.5m
Shaji Mathew	Chief Human Resources Officer	3.2yrs	US$790.91k	0.0067% $ 3.2m
Anand Swaminathan	Executive VP and Segment Head of Communication	no data	US$1.60m	0.0068% $ 3.2m
Sandeep Mahindroo	VP, Financial Controller & Head of Investor Relations	no data	データなし	データなし
Sumit Virmani	Executive VP & Chief Marketing Officer	no data	データなし	データなし
Srikantan Moorthy	Executive VP	13.1yrs	US$658.64k	データなし
Narsimha Mannepalli	Head, Global Services – Cloud	11.1yrs	US$310.67k	データなし
Sushanta Tharappan	Head of Human Resources	no data	データなし	データなし
Hareshkumar Amre	Group Quality Head	no data	データなし	データなし

名称	ポジション	在職期間	報酬	所有権
Nandan Nilekani	Co-Founder & Non-Executive Chairman	44.8yrs	データなし	1.01% $ 478.8m
Salil Parekh	MD, CEO & Director	8.3yrs	US$10.22m	0.034% $ 16.3m
Eric Paternoster	CEO, President & Director of Infosys Public Svcs	no data	US$428.93k	データなし
Bobby Parikh	Independent Director	5.8yrs	US$265.00k	0.00019% $ 90.3k
Nitin Paranjpe	Independent Non-Executive Vice Chairman	2.3yrs	US$226.00k	データなし
Damodarannair Sundaram	Lead Independent Director	8.8yrs	US$335.00k	データなし
Chitra Nayak	Independent Director	5.2yrs	US$329.00k	データなし
Diane Jurgens	Independent Non-Executive Director	less than a year	データなし	データなし
Michael Gibbs	Independent Director	7.8yrs	US$369.00k	データなし
Helene Auriol Potier	Independent Director	3yrs	US$259.00k	データなし
Govind Iyer	Independent Director	3.3yrs	US$285.00k	データなし

データ	最終更新日（UTC時間）
企業分析	2026/05/13 15:00
終値	2026/05/13 00:00
収益	2026/03/31
年間収益	2026/03/31

パッケージ	データ	タイムフレーム	米国ソース例
会社財務	10年	損益計算書キャッシュ・フロー計算書貸借対照表	SECフォーム10-K SECフォーム10-Q
アナリストのコンセンサス予想	+プラス3年	予想財務アナリストの目標株価	アナリストリサーチレポート Blue Matrix
市場価格	30年	株価配当、分割、措置	ICEマーケットデータ SECフォームS-1
所有権	10年	トップ株主インサイダー取引	SECフォーム4 SECフォーム13D
マネジメント	10年	リーダーシップ・チーム取締役会	SECフォーム10-K SECフォームDEF 14A
主な進展	10年	会社からのお知らせ	SECフォーム8-K

アナリスト	機関
Pulkit Chawla	360 ONE Capital Market Private Limited
Ashwin Mehta	Ambit Capital
Sushovon Nayak	Anand Rathi Shares and Stock Brokers Limited

Infosys マネジメント

マネジメント 基準チェック /44

主要情報

経営陣の近況

Infosys Limited, Annual General Meeting, Jun 23, 2026

Infosys Limited, Annual General Meeting, Jun 25, 2025

Infosys Limited, Annual General Meeting, Jun 26, 2024

Infosys Limited Announces CFO Changes

Infosys Announces Resignation of Nageswar Cherukupalli, Senior Vice President and Industry Head, Financial Services and Insurance

Infosys Limited Announces Executive Changes

Recent updates

Infosys: Next Fiscal Year Is Another Low-Single-Digit Growth Year (Rating Downgrade)

Infosys Limited (NSEI:INFY) completed the acquisition of Optimum Healthcare IT, LLC from Achieve Partners Management, LLC and others.

Infosys Limited Provides Earnings Guidance for the Fiscal Year 2027

Infosys Limited, Annual General Meeting, Jun 23, 2026

Infosys Limited (NSEI:INFY) entered into a definitive agreement acquire Optimum Healthcare IT, LLC from Achieve Partners Management, LLC and others for $470 million.

Infosys and Formula E Launch Ai-Powered Race Centre

Infosys Limited Provides Earnings Guidance for the Fiscal Year 2026

Infosys Limited Declares Interim Dividend, Payable on November 7, 2025

Infosys Limited (NSEI:INFY) announces an Equity Buyback for 100,000,000 shares, representing 2.41% for INR 180,000 million.

Infosys Limited Provides Revenue Guidance for the Fiscal Year 2026

Infosys Limited to Report Q1, 2026 Results on Jul 23, 2025

Infosys Launches over 200 Enterprise Ai Agents, Part of Infosys Topaz™ Ai Offerings and Google Cloud

Economist Impact and Infosys Launch the Sustainability Atlas to Help Businesses Navigate A Sustainable Future

Infosys Limited, Annual General Meeting, Jun 25, 2025

Infosys: Well-Positioned To Support The Next Wave Of Digital Transformation

Infosys Launches Open-Source Responsible AI Toolkit to Enhance Trust and Transparency in AI

Infosys Ltd.: Share Price Drop Represents An Attractive Entry Point

Infosys Limited Provides Earnings Guidance for Fiscal Year 2025

Infosys Presents Strong Upside But Maybe Overvalued

Infosys Limited Unveils Small Language Models - Infosys Topaz BankingSLM and Infosys Topaz ITOpsSLM - Built on NVIDIA AI Stack

Infosys: Mixed Results And Murky Outlook

Infosys Limited Revises Earnings Guidance for the Fiscal Year 2025

Infosys Limited Declares Interim Dividend, Payable on November 8, 2024

Infosys: Exposed To Western Risks, But A Medium-Term Buy

Infosys: Growth Is At The Inflection Point

Infosys: Still A Buy But Watch These Key Levels For Support

Infosys Is A Hold Considering Guidance And Project Mix

Infosys Limited to Report Q4, 2025 Results on Apr 17, 2025

Infosys in Partnership with the French Tennis Federation Unveils Several AI-First Innovations To Roland-Garros 2024

Infosys Limited, Annual General Meeting, Jun 26, 2024

Infosys Limited Recommends Special Dividend for Year Ended March 31, 2024, Will Be Paid on July 1, 2024

Infosys: This Pullback Can Set Up For A Move Much Higher (Technical Analysis)

Infosys: Quality Large-Cap Levered To An IT Spending Recovery

Infosys Limited (NSEI:INFY) agreed to acquire Insemi Technology Services Pvt. Ltd. for INR 2.8 billion.

Infosys Limited Revises Earnings Guidance for the Fiscal Year 2024

Infosys Fiscal Q3 Earnings Review: Business As Usual, Stock Is A Hold

Infosys Limited Announces CFO Changes

Infosys: AI Prospects Not Ready To Break Consolidation

Infosys: Details On The Stock's Next Move

Infosys Limited Provides Earnings Guidance for the Year 2024

Infosys: Weathering Short-Term Challenges For Long-Term Growth Prospects

Infosys Limited Declares Interim Dividend, Payable on November 6, 2023

Economist Impact and Infosys Launch the Value Chain Navigator to Help Businesses Manage and Mitigate Their Scope 3 Emissions

Infosys Launches Industry Cloud to Catalyse Digital Transformation of the Commercial Airline Industry

Infosys' Attractive Dividend Yield And Cheap Stock

Infosys Limited (NSEI:INFY) Completed the acquisition of Danske IT And Support Services India Private Limited from Danske Bank A/S (CPSE:DANSKE).

Infosys Announces Resignation of Nageswar Cherukupalli, Senior Vice President and Industry Head, Financial Services and Insurance

Infosys Limited Revises Revenue Guidance for the Fiscal Year 2024

Infosys: Staying On The Sidelines

Infosys Limited Approves Final Dividend

Infosys: A Top Pick During The Digital Revolution

Infosys Guides To Moderate Growth Amid Client Challenges

Infosys Limited (NSEI:INFY) entered into an agreement to acquire Danske IT And Support Services India Private Limited from Danske Bank A/S (CPSE:DANSKE) for DKK 13.6 million.

Infosys Limited to Report Q4, 2024 Results on Apr 18, 2024

Infosys Limited Launches Infosys Topaz