Infy Q2 better than expected

IT major narrows revenue growth guidance for FY26

- URVI MALVANIA

INFOSYS, THE COUNTRY'S second-largest IT services firm, logged better-than-expected performance in the second quarter of this financial year, with both revenue and net profit beating Bloomberg estimates.

After two consecutive quarters of strong growth, the firm on Thursday revised the lower end of its revenue growth guidance for FY26 to 2% from 1%. It maintained its upper limit at 3% and left its operating margin guidance unchanged at 20-22%. It cited improved visibility and strong deal wins for narrowing the growth guidance, even as the macroeconomic situation remained unstable.

Its consolidated revenue for the quarter rose 5.2% sequentially to ₹44,490 crore (Q1: ₹42,279 crore), exceeding the estimates of ₹44,008 crore. Net profit grew 6.4% sequentially to ₹7,364 crore (Q1: ₹6,921 crore) and was above the Street estimates of ₹7,224 crore.