Bengaluru, India, October 23rd / PRNewswire / -- Infosys (NSE : INFY ) (BSE : INFY ) (NYSE : INFY ) indicates that this leading global business consulting and technology services company, AI, achieved revenue of $5.145 billion in the second quarter, a year-on-year increase of 1.5% and a month-on-month increase of 1.2% when calculated using a fixed exchange rate. The operating profit margin remained stable at 21.0%. In rupees, earnings per share increased by 8.7% year-on-year. The total contract value of large orders won ($TCV) was $5.2 billion, of which 62% was new business.

In the first half of the year, revenue increased by 1.9% year-on-year at a fixed exchange rate, and the operating profit margin for the same period was 21.0%.

Infosys CEO and Managing Director Salil Parekh stated: "We have secured a large order worth $5.2 billion, which includes a super-large order of over $2 billion. This further solidifies our position as a trusted partner when customers embark on large-scale and complex transformation projects. Our AI revenue accounted for 10.5% and grew by 29% quarter-on-quarter. As companies advance the implementation of AI on a large scale, the strong growth in AI revenue reflects our differentiated market positioning and customer confidence."

He added, "We are providing AI strategic consulting to some of the world's largest companies and continue to invest in deep industry and technical capabilities to bring new ideas and integrated ecosystems, helping companies to unleash AI value on a large scale."

The company's guidance for the fiscal year 2027 is as follows:

• Calculated at a fixed exchange rate, revenue growth is 1% to 2%.
• Operating profit margin of 20% to 22%

Infosys Chief Financial Officer Jayesh Sanghrajka stated: "In an environment of increased volatility, we still achieved a 21.0% operating margin in the second quarter. By focusing on cost and operational efficiency measures, while making necessary investments, we have managed to maintain a stable margin."

"Free cash flow amounted to $928 million, which is 113.3% of net profit, highlighting the financial strength of the business. The board of directors has announced a mid-term dividend of 26 rupees per share, an increase of 13% from last year."

Customer Cooperation and Cases

• Infosys collaborates with Mondelez International to drive supply chain transformation through decision-making powered by AI, data standardization, and intelligent enterprise workflows. Sanjay Gurbaxani, Vice President of Global Operations and Head of Digital Supply Chain, stated that a digitally connected supply chain, data standardization, and more informed decision-making are crucial for achieving meaningful business outcomes. As AI evolves towards an agent-based AI, its potential is no longer limited to generating insights; it can now support more autonomous, agile, and intelligent workflows. The true value lies in integrating intelligence into everyday business decisions, reshaping existing processes, and scaling solutions across the entire enterprise. After partnering with Infosys, they are building an attractive solution that aligns technology with business priorities and serves as a catalyst for operational excellence and long-term impact.
• Infosys and Crocs, Inc have signed a ten-year strategic agreement to accelerate their IT transformation and support scalable global growth. Crocs, Inc. The Chief Information Officer Tom Britt stated that as the company reimagines its IT architecture, they were looking for a partner who could combine deep industry experience with a commitment to innovation and operational excellence. With the help of Infosys's mature delivery framework and advanced automation capabilities, the company will optimize operations, reduce costs, and scale in a responsible manner, while also driving continuous improvement and laying the foundation for sustainable growth and digital resilience, positioning Crocs, Inc for the future.
• Infosys collaborates with Knorr-Bremse to accelerate the enterprise transformation empowered by AI. Knorr-Bremse, the Chief Digital Officer and Vice President of Transformation and Governance at Satheeskaran Navaratnam, stated that the company is building a technology foundation for the future to support innovation and long-term value creation. Their Tech4Value project is at the core of this process, helping the company to establish a more agile, efficient, and scalable IT environment throughout the organization. By collaborating with Infosys, they aim to optimize and make technical assets as reliable as customer-facing systems, ensuring that every layer of the infrastructure can support the speed of change required by the business.
• Infosys has expanded its cooperation with Mets and Group to drive the transformation of their IT architecture through AI. Mets The Chief Information Officer of Group, Kristiina Lammila, stated that this collaboration marks a new chapter in the long-term partnership between the two parties. The company is simplifying and transforming its IT procurement model to meet the efficiency requirements of today's business environment. She expressed confidence that both parties can achieve these goals and that they will accelerate the Mets and IT transformation with the support of AI.
• Infosys has collaborated with NTN Corporation to drive their digital growth through seamless SAP cloud adoption. Kenji Kitazato, the head of the strategic department at NTN Corporation ICT, stated that with the migration to SAP Commerce Cloud supported by Infosys, IT operations have been simplified, agility has increased, and a solid foundation has been laid for future digital growth. This transformation enables the company to leverage new infrastructure to further promote the application of digital technologies.
• Infosys collaborates with Telia to drive the transformation of their network and cybersecurity operations. Telia, the Group's Chief Information Officer, stated that Infosys's mature experience in AI, automation, and telecommunications transformation makes it an ideal partner for this project. With the help of Infosys Topaz and their profound industry knowledge, they aim to accelerate the modernization of network and cybersecurity operations, improve efficiency and agility, and strengthen the foundation for future innovation.
• Infosys collaborated with KnitWell Group to develop the AI platform for customer interaction. KnitWell Group, the Chief Technology Officer, along with Jaap, van, and Riel, stated that the true value of the relationship with customers is reflected in the physical stores. Therefore, they partnered with Infosys to build the Engage platform to help store employees engage with customers in a more efficient and attractive manner. Once this opportunity was identified, Infosys quickly developed solutions and methods, and subsequently, both parties jointly designed and built Engage, achieving positive results.
• Infosys Finacle has been selected by Investec to drive its digital banking transformation through the Finacle SaaS platform based on Microsoft Azure. Lyndon Subroyen, the global head of digital and technology at Investec Group, stated that the collaboration with Infosys Finacle and Microsoft Azure marks an important step in their digital transformation journey. The company is building a stronger digital foundation to scale up with customers, provide a more seamless and personalized experience, and operate with higher precision. Digitalization is no longer just a supporting layer for business; it has become the core to growth, deepening customer relationships, and improving efficiency.

Awards and Recognition

Brands and Enterprises

• For the sixth consecutive year, it has been rated by Great Place to Work ® as one of India's "Best Employers among National Builders".
• Recognized in four lists: Avtar & Seramount, including the 2026 India's Best Female Employers Hall of Fame, the 2026 India's Most Inclusive Companies List Excellence Award, the top 10 for Best Workplace Health companies, and the top 10 for best ESG companies.
• Won three Brandon Hall Group ™ 2026 HCM Excellence Awards: Best Corporate Learning University, Best Senior Manager Development Program, and Best Procurement and Evaluation Strategy.
• Won four awards in The Asset Corporate Sustainability Leadership Awards 2026: Platinum Award, Best Transformation Award, Infosys Best Environmental Responsibility Initiative Award for Forestry and Agriculture Projects, and Best Investor Relations Team Award.
• Infosys BPM has won multiple awards at the Tata Institute of Social Sciences LeapVault CLO Awards India, including Best Skills Development Initiative, Best Corporate University, and Best Diversity and Inclusion Training Program.
• Infosys BPM also won the Best Skills Development Initiative Award at the 17th CSR Summit & Awards 2026 event.

AI and Cloud Services

• Rated as a leader in the Gartner ® Magic Quadrant ™ public cloud optimization and transformation services.
• In the IDC MarketScape: 2026 Global AI Era Cloud Professional Service Providers Assessment, it was rated as a leader.
• Ranked as a leader in the PEAK Matrix ® evaluation from Everest Group to Microsoft Azure 2026.
• In 2026, Everest Group ranked as a leader in the ® assessment of quality engineering ( QE ) services for AI applications and systems.
• In the evaluation of NelsonHall NEAT's ability to provide cloud infrastructure management services for AI, it was listed as a leader.
• Selected as a Constellation ShortList ™ AI Service Leader for 2026.
• Selected as a leader in public cloud transformation services for Constellation ShortList ™ in 2026.
• Selected as the Best Leader in Artificial Intelligence and Machine Learning Platforms for 2026 by Constellation ShortList ™.
• Selected as a leader in the 2026 Constellation ShortList ™ Decision Intelligence Platform.

Key digital services

• In The Forrester Wave ™: Infrastructure Outsourcing Services, it was rated as a leader in the third quarter of 2026.
• In IDC MarketScape: Rated as a leader in the 2026 global ServiceNow service provider assessment.
• In IDC MarketScape: Rated as a leader in the 2026 global Oracle service provider assessment.
• Rated as a leader in the IDC MarketScape: 2026 Global Digital Workplace Services Providers Assessment.
• Ranked as a leader in the Everest Group 2026 North American Digital Workplace Services ( DWS ) PEAK Matrix ® assessment.
• Ranked as a leader in the Everest Group 2026 European Digital Workplace Services ( DWS ) PEAK Matrix ® assessment.
• Ranked as a leader in the Everest Group 2026 Retail Digital Services PEAK Matrix ® assessment.
• In Everest Group 2026, India ranked as a leader in the GCC capability PEAK Matrix ® assessment.
• In 2026, it was rated as a leader in the services provided by the Constellation ShortList ™ AI Native Global Capability Center ( GCC ).
• In HFS Horizons: Customer Experience Services 2026, it was rated as a leader.
• Ranked as a leader in the NelsonHall NEAT 2026 Salesforce service evaluation.
• Listed as a leader in the NelsonHall NEAT SAP ecosystem service assessment.
• Infosys BPM won the Avasant Digital Masters: Technology and Process Transformation Leader Award at Avasant Partner Connect in 2026.
• Infosys BPM won three awards in 2026: the Annual Large Service Provider Award, the Annual Business Service Project Award for collaboration with Microsoft, and the Annual Collaboration Project Award for cooperation with Lloyd's Register.

Industry and Solutions

• In IDC MarketScape: Rated as a leader in the 2026 global evaluation of AI drive professional service providers for oil and gas companies.
• In the IDC MarketScape: 2026 Global AI Digital Strategy and Consulting Service Provider Assessment for Oil and Gas Companies, it was rated as a leader.
• Ranked as a leader in the Everest Group 2026 pharmaceutical research and development, IT services, and PEAK Matrix ® evaluations.
• Ranked as a leader in the Everest Group 2026 Life Insurance and Annuities (L&A) Insurance IT Services PEAK Matrix ® assessment.
• Infosys Finacle was rated as a leader in the 2026 Global Trade Financing System Providers Assessment by IDC MarketScape.
• Infosys Finacle was rated as a leader in the 2026 Gartner ® Magic Quadrant ™ European retail core banking system.
• Infosys Finacle won three awards in Digital Banker 2026: Supplier of the Best Trade Financing Solution, Supplier of the Best Liquidity Management Solution, and Supplier of the Best Fund Management Solution.

For more information on awards and recognition, please visit the company's website.

About Infosys

Infosys ( NSE, BSE, NYSE : INFY ) is a global leader in the field of priority business consulting and technical services. With over 325,000 employees, the company is committed to unleashing human potential and creating new opportunities for individuals, businesses, and communities. As a navigator for corporate transformation, Infosys helps enterprises in 59 countries to realize AI value on a large scale. Leveraging more than 40 years of global experience in enterprise systems and operational management, the company accelerates business transformation through its AI priority value framework, deep industry expertise, and unique AI native partner ecosystem innovation capabilities. Infosys is considered one of the fastest-growing IT service brands globally and is dedicated to becoming a well-governed, environmentally sustainable partner, helping clients embrace the next stage of development with its profound talent expertise in inclusive workplaces.

Safe Harbor Statement

Certain statements in this press release, including those regarding future events, future growth prospects, future financial or operating performance, as well as the company's products and partnerships, are considered forward-looking statements as defined by the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the company's current expectations, assumptions, estimates, and projections, as well as judgments regarding the company, the industry in which it operates, economic conditions in the markets in which it operates, and other factors. Such statements are subject to known and unknown risks, uncertainties, and other factors, and actual results may differ significantly from those implied in the forward-looking statements. Important factors that could cause actual results to differ from those stated in the forward-looking statements include, but are not limited to: risks associated with the implementation of business strategies, increased competition for talent, the ability to attract and retain employees, rising wages, investment in employee retraining, the ability to effectively implement a hybrid work model, economic uncertainties and geopolitical situations, technological disruptions and innovations such as artificial intelligence, a complex and constantly changing regulatory environment (including changes in immigration regulations, particularly in the United States), the company's ESG vision, capital allocation policies, and expectations regarding market position, future operations, profit margins, profitability, liquidity, and capital resources, company actions (including mergers and acquisitions), cybersecurity issues, pending litigation, and the outcome of investigations by U.S. government authorities, as well as the impact of current and future tariffs. For information regarding these and other factors that could cause actual results to differ from forward-looking statements, please refer to the documents submitted by the company to the U.S. Securities and Exchange Commission, including the annual report 20-F for the fiscal year ending March 31, 2026. Relevant documents can be found at www.sec.gov. In light of these and other uncertainties, no results mentioned in the forward-looking statements should be assumed to be certain to occur.Infosys may occasionally make other written and oral forward-looking statements, including those in documents submitted to the U.S. Securities and Exchange Commission and in reports to shareholders. Unless required by law, the company assumes no obligation to update any such forward-looking statements.

Note:

a) The above information is excerpted from the audited consolidated balance sheet and comprehensive income statement for the quarter and half year ending September 30, 2026, and was approved at the board of directors meeting held on October 23, 2026.

b) The revenue growth reported in the currency includes the impact of exchange rate fluctuations. In addition, the company calculates the growth at a fixed exchange rate ( CC ) by converting the current period's revenues in various local currencies to US dollars using the previous period's exchange rates and comparing them with the previously reported revenues.

c) The company's operational indicators can be downloaded under www.infosys.com.

d) Since the quarterly and semi-annual data are taken from the original sources and rounded to the nearest whole number, the total of the quarterly data in this statement may not necessarily match exactly with the semi-annual data reported in this statement.

IFRS-INR Press Release: https :// www.infosys.com / investors / reports-filings / quarterly-results /2026-2027/ q2 / documents / ifrs-inr-press-release.pdf

Facts Table: https :// www.infosys.com / investors / reports-filings / quarterly-results /2026-2027/ q2 / documents / fact-sheet.pdf