Infosys shares came under pressure after the IT services giant announced its first-quarter results for FY27, with investors reacting to the company’s decision to lower the upper end of its annual growth guidance. The stock declined nearly 2% in early trade, even as the company reported healthy growth in revenue and profit for the April–June quarter.
For Q1 FY27, Infosys reported a 12.2% year-on-year increase in net profit to ₹7,769 crore, while revenue rose 14% to ₹48,211 crore. On a constant-currency basis, revenue grew 2.4% year-on-year and 1% sequentially. Operating margin improved by 30 basis points to 21.1%, reflecting continued operational efficiency.
Despite the positive earnings, investor sentiment weakened after the company reduced the upper end of its constant-currency revenue growth guidance for the financial year from 3.5% to 3%. Financial services, the company’s largest business segment, recorded 2.4% year-on-year growth in constant currency.
Infosys ended the quarter with a workforce of 328,062 employees, a decline of 532 employees from the previous quarter. Attrition increased slightly to 13%, compared with 12.6% in the March quarter.
The company secured large deal wins worth $3.6 billion during the quarter, with four of the six major contracts valued at nearly $500 million each. Infosys also reported continued momentum in artificial intelligence, with AI-related revenue contributing 8.2% of total revenue, up from 5.5% when it was first disclosed earlier this year, supported by strong sequential growth.
