Infosys Q2 FY27 first cut: reported numbers only
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Revenue, US$ mn[1] | 5,145 | 5,082 | 5,076 | +1.2% | +1.3% |
| Revenue growth, cc[1] | +1.2% | +1.5% | |||
| Revenue, Rs mn[1] | 492,440 | 482,110 | 444,900 | +2.1% | +10.7% |
| Operating (EBIT) margin[1] | 21.0% | 21.1% | 21.0% | -0.1 pt | flat |
| Net profit, Rs mn[1] | 78,230 | 77,690 | 73,640 | +0.7% | +6.2% |
| Basic EPS, Rs[1] | 19.32 | 19.19 | 17.76 | +0.6% | +8.7% |
| Total employees[1] | 332,542 | 328,062 | 331,991 | +4,480 | +551 |
| Voluntary attrition, LTM IT services[1] | 12.7% | 13.0% | 14.3% | -0.3 pt | -1.6 pt |
Rs mn converted from the Rs crore figures in the fact sheet (1 crore = 10 mn). Employee changes computed from the fact sheet.
Deal wins and cash
- Large deal TCV was US$5.2 bn with 62% net new, including a mega deal of over US$2 bn[2].
- Free cash flow was US$928 mn, down 15.7% YoY, at 113.3% of net profit[2].
- AI revenue was 10.5% of revenue and grew 29% QoQ, as reported by the company[2].
Mix, YoY cc growth
- Life Sciences +32.5%, Energy, Utilities, Resources and Services +7.3%, Communication +4.1%, Financial Services +2.1%[1].
- Hi-Tech -17.3%, Retail -7.7%, Manufacturing -0.7%[1].
- North America -1.5%, Europe +4.6%, Rest of the world +10.9%[1].
Company guidance as published
- FY27 revenue growth revised to 1% to 2% in cc. Operating margin guidance retained at 20% to 22%[2].
Sources
- Infosys, Fact Sheet, Consolidated Financial Data, Second Quarter Fiscal 2027, 23 Oct 2026
- Infosys, Press Release (IFRS, USD), Q2 FY27, 23 Oct 2026
Illustrative sample, not investment advice, based on public information as of 28 October 2026.