• CEO succession plan: The board appointed 31-year company veteran Ashiss Kumar Dash as CEO-designate to succeed Salil Parekh when his term ends on March 31, 2027. Dash will begin a mentorship transition under Parekh starting in October ahead of taking charge on April 1, 2027.
• Revenue growth guidance: Infosys lowered the upper end of its FY27 constant currency revenue growth guidance to 1.5%–3% from 1.5%–3.5%, citing macroeconomic uncertainty and a one-time client decision impact. Q1 constant currency revenue grew 1% quarter-on-quarter and 2.4% year-on-year, missing consensus expectations.
• Operating margin performance: Operating margin came in at 21.1% for the first quarter, in line with estimates, and the full-year margin guidance band was retained at 20% to 22%.
• AI revenue contribution: In a first-time disclosure, Infosys reported that AI services accounted for 8.2% of total revenue, with management noting over 80,000 employees currently working with AI coding tools.
• Large deal bookings: Large deal total contract value reached $3.6 billion in Q1, with 61% representing net new deals across the pipeline.