Infosys lifts base sales outlook as IT spending rises

Beating estimates, revenue surges 8.6% and profit jumps 13.2% in Q2

- AVIK DAS

Infosys raised the lower end of its annual revenue guidance and reported a 13.2 per cent year-on-year (Yo-Y) rise in second-quarter net profit to %7,364 crore, buoyed by a robust large-deal pipeline and broad-based growth across verticals despite an uncertain macroeconomic backdrop.

India’s second-largest information technology (IT) services company now expects revenue to grow between 2 and 3 per cent in constant currency for the financial year ending March 2026, compared with 1 to 3 per cent previously. The revision signals growing confidence in the company’s deal momentum even as demand remains uneven across key markets.

Revenue for the three months to September rose 8.6 per cent Yo-Y to %44,490 crore, led by financial services and manufacturing. Both profit and revenue surpassed Bloomberg consensus estimates, marking two consecutive quarters of steady growth for the Bengaluru-based company.