• Leadership transition: CEO Salil Parekh is stepping down at the end of his second term, with internal veteran Ashiss Dash set to initiate the handover in October after a tenure that doubled company revenue from $10 billion to $20 billion.
• AI revenue expansion: AI services currently contribute over 8% of total revenue and are growing at a double-digit quarter-on-quarter rate, anchored by the Topaz fabric platform which supports 15 different foundation models.
• Talent and hiring: Infosys plans to onboard 20,000 college graduates this year after hiring 20,000 last year, alongside plans to develop 6,000 specialized frontier engineers over the next few years.
• Deal and cash performance: Despite a recent guidance cut caused by a one-time client plan change, the business secured over $3.6 billion in large deals and generated $950 million in free cash flow with resilient margins.