Overview
- Infosys reported Q1 FY27 consolidated revenue of ₹48,211 crore and net profit of ₹7,769 crore, rises of about 14% and 12% year‑on‑year respectively.
- The board trimmed the FY27 revenue growth range to 1.5%–3.0% in constant currency, lowering the previous upper bound as clients delay discretionary spend.
- Management said AI‑led services are contributing more to sales and the company recorded $3.6 billion in large order bookings, which it cited as evidence of AI momentum converting into revenue.
- The board appointed long‑time insider Ashiss Kumar Dash as CEO‑designate effective immediately and set a planned handover from Salil Parekh on April 1, 2027, subject to statutory and shareholder approvals.
- Direct governance moves included RSU grants and the allotment of shares to employees, and markets reacted with muted trading as investors weigh steady deal flow against a cautious near‑term outlook.