Q2 2026 Infosys Ltd Earnings Call Transcript
Key Points
- Infosys Ltd (INFY) reported a strong performance in Q2 FY26 with a 2.2% sequential revenue growth and a 2.9% year-on-year increase in constant currency terms.
- The company achieved an excellent outcome in cash generation, with free cash flow reaching $1.1 billion.
- Infosys Ltd (INFY) secured large deals worth $3.1 billion, with 67% being net new, and announced a mega deal worth $1.6 billion.
- The company added 8,000 employees during the quarter, reflecting strong hiring and growth momentum.
- Infosys Ltd (INFY) has emerged as a leading enterprise AI services and solutions provider, with significant investments in AI positioning it as a preferred partner for large-scale AI transformation programs.
- Despite strong deal activity, the company revised its revenue growth guidance for the financial year to 2% to 3%, indicating a cautious outlook.
- Volumes remained soft, with the bulk of revenue growth driven by realization increases rather than volume expansion.
- The company faces macroeconomic uncertainties and volatility impacting client spending, particularly in the manufacturing and retail sectors.
- There is a noted increase in subcontractor usage, which may indicate skill gaps or challenges in meeting demand with existing resources.
- Infosys Ltd (INFY) continues to face challenges related to visa regulations, which could impact its delivery model and necessitate adjustments in workforce localization and nearshoring strategies.
Ladies and gentlemen, good day and welcome to Infosys Limited Q2 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I hand the conference over to Mr. Sandeep Mahindroo. Thank you, and over to Mr. Mahindroo.
Hello, everyone, and welcome to Infosys earnings call for Q2 FY26. Joining us on this call is CEO and MD, Mr. Salil Parekh; CFO, Mr. Jayesh Sanghrajka; CDO, Mr. Satish HC along with other members of the leadership team. We'll start the call with some remarks on the performance of the company, subsequent to which we'll open up the call for questions.
Kindly note that anything we say which refers to our future outlook is a forward-looking statement that must be read in conjunction with the risks that the company faces. A full statement and explanation of the risks is available in our filings with the SEC, which can be found on www.sec.gov. I'd
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