.2
IFRS INR Press Release

Revenue crosses $20 billion mark with resilient growth of 3.1% in FY 26 in constant currency

Strong Large Deal wins of $14.9 Billion and healthy Free Cash Flow of $3.7 Billion

FY 27 Guidance – Revenue Growth of 1.5%-3.5%, Operating Margin of 20%-22%

Bengaluru, India – April 23, 2026: Infosys (NSE, BSE, NYSE: INFY), a global leader in AI-first business consulting and technology services, delivered $20,158 million in FY 26 revenues with a growth of 3.1% in constant currency. Reported IFRS operating margin was at 20.3% and adjusted¹ operating margin at 21.0%. EPS growth was 11.0% in rupee terms². Free cash flow generation was robust at $3,733 million. TCV of large deal wins was $14.9 billion, with net new of 55%.

Q4 revenues were $5,040 million, growth of 4.1% year on year in constant currency. Q4 operating margin was at 20.9%.

“We delivered a resilient performance in FY 26 with growth of 3.1% with strong large deal wins of $14.9 billion, reflecting the robustness of our enterprise AI value proposition and market share gains in large transformation opportunities. The simplicity and strength of our AI services strategy across six areas is gaining traction in the market further strengthened by strong ecosystem AI partnerships enabling clients to get value from AI”, said Salil Parekh, CEO and MD. “Our AI First value framework and differentiated Topaz Fabric, position us uniquely to deepen client trust and gain greater share of the market”, he added.

Guidance for FY27:

1,2,3 - Please refer to the last page of this release for detailed explanation

“FY 26 was a year of disciplined execution and financial resilience reflecting in 21% adjusted operating margin and healthy free cash flow of $3.7 billion. Savings from Project Maximus enabled us to invest in strategic areas like talent, AI and sales & marketing”, said Jayesh Sanghrajka, CFO. “We remain focused on margins and cash generation as we navigate an evolving macro environment. In line with our capital allocation policy, Board has proposed a final dividend of 25 per share, which along with interim dividend and recently concluded buyback, amounts to over 37,500 crore returned to shareholders for FY 26”, he added.

Client Wins & Testimonials

Recognitions & Awards

Brand & Corporate

AI and Cloud Services

Key Digital Services

Industry & Solutions

Read more about our Awards & Recognitions here.

About Infosys

Infosys is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 63 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is counted among the world’s Top 100 brands committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release, including those concerning our future growth prospects and our future financial or operating performance, are forward looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes and developments in the US H-1B visa program, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and any future tariffs. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Contact

Infosys Limited and Subsidiaries

Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:

(in crore)

Extracted from the Condensed Consolidated Statement of Comprehensive Income under IFRS for:

(In crore except per equity share data)

Particulars	3 months ended March 31, 2026	3 months ended March 31, 2025	Year ended March 31, 2026	Year ended March 31, 2025
Revenues	46,402	40,925	178,650	162,990
Cost of sales	32,058	28,575	124,735	113,347
Gross profit	14,344	12,350	53,915	49,643
Operating expenses:
Selling and marketing expenses	2,354	1,957	9,077	7,588
Administrative expenses	2,247	1,818	8,584	7,631
Total operating expenses	4,601	3,775	17,661	15,219
Operating profit	9,743	8,575	36,254	34,424
Other income, net of finance cost (b)	1,054	1,088	3,741	3,184
Profit before income taxes	10,797	9,663	39,995	37,608
Income tax expense (b)	2,288	2,625	10,521	10,858
Net profit (before non-controlling interests)	8,509	7,038	29,474	26,750
Net profit (after non-controlling interests)	8,501	7,033	29,440	26,713
Basic EPS ()	21.01	16.98	71.58	64.50
Diluted EPS ()	20.98	16.94	71.46	64.34

NOTES:

b)

Includes interest income (pre-tax) of 381 crore and 327 crore for the quarter and year ended March 31, 2026 and March 31, 2025 respectively, and reversal of tax provisions amounting to 774 crore and 101 crore for the quarter and year ended March 31, 2026 and March 31, 2025 respectively. This is on account of orders received under sections 250 and 254 of the Income Tax Act, 1961 for certain assessment years.

Reconciliation of Reported IFRS financial measures to Adjusted non-IFRS financial measures for year ended

(in crore)

NOTES:

1.

The adjusted non-IFRS measures excludes the effect of, the provisions of The Labour Codes notified by The Government of India on November 21, 2025 which resulted in an increase in gratuity liability (arising out of past service cost relating to plan amendment) and leave liability by 1,289 crore, which is recognized in the Consolidated Statement of Comprehensive Income. This also resulted in a lower tax of 318 crore in the year ended March 31, 2026.

2.

Excluding the effect of Income Tax orders received under sections 250 and 254 of the Income Tax Act, 1961 and The Labour Codes provisions notified by the Government of India, EPS increase (in terms) is 12.1% and 13.9% YoY for the year and quarter ended March 31, 2026, respectively.

3.

The free cash flow includes cash payments made towards The Labour Codes of 452 crore and 902 crore for the quarter and year ended March 31, 2026, respectively.