Infosys posts 12% rise in Q1 net profit; names Ashiss Kumar Dash CEO-designate
Infosys reported a 12.2% increase in net profit for the first quarter, alongside a 14% rise in revenue. The company also announced Ashiss Kumar Dash as the CEO-designate while highlighting that AI-driven services now account for 8.2% of its total revenue.
Why it matters
As a major IT services firm, Infosys's performance and AI adoption strategy serve as a bellwether for the broader Indian technology sector.
Infosys, the country’s second largest tech firm, on Thursday posted a net profit of ₹7,769 crore during the June ended quarter, a 12.2% growth a net profit of ₹6,921 crore in the corresponding period a year ago.
The Bengaluru-based company’s revenue from operations rose 14% to ₹48,211 crore in the quarter as compared to ₹42,279 crore in the same quarter in the previous year.
In Q1, the company reported large order bookings worth $3.6 billion, compared with $3.2 billion sequentially and $3.8 billion a year ago. Of these, the net new deals accounted for 61% indicating positive deal momentum. The company also said AI-driven services contributed 8.2% of its total revenue.
The company trimmed its guidance for FY27 revenue growth in the 1.5% to 3% range, from 3.5%, in constant currency; however, margin guidance retained at 20%-22%.
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