Core Insights - Infosys reported Q3 revenues of $5,099 million, reflecting a year-on-year growth of 1.7% and a sequential growth of 0.6% in constant currency [1][7] - The reported IFRS operating margin was 18.4%, while the adjusted operating margin increased to 21.2% [1][7] - Free cash flow generation was strong at $915 million, with adjusted free cash flow at $965 million, representing 112.8% of adjusted net profit [1][7] Financial Performance - Year-to-date revenues for December 2025 grew by 2.8% year-on-year in constant currency, with reported IFRS revenues at $15,117 million, a growth of 3.9% year-on-year [2][7] - The reported IFRS operating margin for the year-to-date period was 20.0%, and the adjusted operating margin was 21.0% [2][7] - Basic EPS for Q3 was reported at $0.18, while adjusted basic EPS was $0.21 [7][23] Strategic Initiatives - Infosys emphasized its differentiated value propositions in enterprise AI through Infosys Topaz, which has helped increase market share and client partnerships [3][8] - The company is committed to reskilling and empowering its workforce to succeed in an AI-augmented environment [3][8] Client Collaborations - Infosys extended its collaboration with Metro Bank to enhance finance operations using Workday solutions [9] - The company launched an AI-first Global Capability Center model to support digital transformation for clients like Lufthansa Systems [9] - Collaborations with NHS Business Services Authority and Telenor Shared Services aim to modernize workforce management and HR operations, respectively [9][10] Awards and Recognitions - Infosys received multiple recognitions, including being named a leader in various IDC MarketScape assessments and recognized for its commitment to inclusion and diversity [14][19]

Core Insights - The company revised its revenue guidance for the fiscal year, raising the constant-currency growth outlook to 3% to 3.5% while maintaining operating margin guidance at 20% to 22% [1][6] - The company reported a sequential revenue growth of 0.6% and a year-over-year growth of 1.7% in constant currency terms, with $4.8 billion in large deals signed during the quarter [2][6] - The company is accelerating AI adoption, working with 90% of its top 200 clients on AI initiatives and executing approximately 4,600 AI projects [5][14] Revenue and Financial Performance - Revenue grew 0.6% sequentially and 1.7% year-over-year in constant currency terms [2][6] - The company signed $4.8 billion in large deals during the quarter, with 57% being net new [2][6] - Adjusted operating margin was reported at 21.2%, with free cash flow totaling $915 million [2][6] AI Strategy and Adoption - The company is focusing on AI through its Topaz Fabric agent services, which aims to help clients manage and implement AI agents [5][11] - The company has generated over 28 million lines of AI-assisted code and built over 500 AI agents [5][14] - Six AI-led value pools have been identified to unlock incremental opportunities [11] Margin and Cost Management - Adjusted operating margin expanded by 20 basis points sequentially in Q3, with a nine-month margin standing at 21% [7][10] - Margin benefits were attributed to currency fluctuations and the Project Maximus efficiency program, offset by higher sales and headcount investments [4][8] - The company has onboarded approximately 18,000 of the planned 20,000 freshers, contributing to lower utilization rates [9] Vertical Trends and Client Engagement - The company is seeing improved trends in financial services and energy sectors, with AI adoption increasing among large financial services clients [6][13] - Positive signs were noted in retail, although some client-specific cost containment measures are in place [15] - The company works with 90% of its largest 200 clients on AI initiatives, indicating strong client engagement [14] Future Outlook and Strategic Initiatives - The company plans to provide a comprehensive view at an upcoming Investor Day [12] - Management is exploring acquisitions in areas such as cyber, consulting, and energy services, while remaining open to AI-focused acquisitions as the market evolves [18] - The company does not plan to change its flexible work arrangements and will provide next-year outlook details in April [19]

Core Insights - Infosys Ltd., India's second-largest IT services company, reported a mixed performance for the third quarter, characterized by a decline in profit but steady revenue growth and an improved outlook for the company [1] Financial Performance - The company experienced a decline in profit during the third quarter, indicating potential challenges in cost management or market conditions [1] - Despite the profit decline, Infosys reported steady revenue growth, suggesting resilience in its core business operations [1] - The outlook for the company has improved, which may indicate positive expectations for future performance and strategic initiatives [1]

Financial Data and Key Metrics Changes - Revenue grew 0.6% sequentially and 1.7% year-on-year in constant currency terms [2] - Adjusted operating margin was 21.2% [2] - Free cash flow generated was $915 million [2] - Revenue growth guidance for the financial year revised to 3%-3.5% in constant currency [4] Business Line Data and Key Metrics Changes - Large deals amounted to $4.8 billion, with 57% being net new across 26 deals [2] - Significant large deal with the National Health Service in the U.K. valued at $1.6 billion [2] - Strong momentum in AI adoption, with 90% of the largest 200 clients engaged in AI projects [3] Market Data and Key Metrics Changes - Positive outlook in financial services and energy sectors, with good demand observed [8][18] - Manufacturing and Europe showed significant growth, previously experiencing softness [53] Company Strategy and Development Direction - Focus on AI capabilities, with six emerging AI-led value pools identified [3] - Plans to share a comprehensive view of the company's approach at an upcoming Investor Day [4] - Continued investment in sales and marketing, with a focus on building capacity for future growth [10][11] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in market demand, leading to headcount increases [8] - Positive outlook for the next financial year based on strong execution and large deal pipeline [8][18] - Management noted that while some sectors are showing improvement, others remain under pressure [18] Other Important Information - Adjusted margins expanded by 20 basis points sequentially, despite challenges from labor codes [24] - Ongoing impact of labor codes expected to be approximately 15 basis points annually [80] Q&A Session Summary Question: Headcount increase amidst job cuts in peers - Management indicated that the headcount increase reflects confidence in market demand and is part of their strategy to build future capacity [8][10] Question: Guidance upgrade factors - The guidance upgrade is influenced by large deals and strong execution, particularly in financial services and energy sectors [8][18] Question: Sequential margin dip despite currency tailwinds - Management explained that margins were impacted by various factors, including higher variable pay and lower utilization due to training new hires [10][11] Question: AI adoption and pricing models - Management noted that AI adoption is strong across client bases, with evolving pricing models being tested [19][20] Question: M&A strategy and market trends - Management confirmed ongoing discussions for potential acquisitions, focusing on areas like cyber, consulting, and energy services [31] Question: Labor code impact on margins and appraisals - Management clarified that the impact of labor codes has been accounted for, with no immediate changes to appraisal processes [80]

Financial Data and Key Metrics Changes - Revenue grew 0.6% sequentially and 1.7% year-on-year in constant currency terms [2] - Adjusted operating margin was 21.2% [2] - Free cash flow generated was $915 million [2] - Revenue growth guidance for the financial year revised to 3%-3.5% in constant currency [4] Business Line Data and Key Metrics Changes - Large deals amounted to $4.8 billion, with 57% being net new, across 26 deals [2] - Significant large deal with the National Health Service in the U.K. valued at $1.6 billion [2] - Strong momentum in AI adoption, with 90% of the largest 200 clients engaged in AI projects [3] Market Data and Key Metrics Changes - Positive outlook in financial services and energy sectors, with good demand observed [8][18] - Manufacturing and Europe showed significant growth, previously experiencing softness [52] Company Strategy and Development Direction - Focus on AI capabilities with the introduction of Topaz Fabric, enhancing AI agent management [2][3] - Plans to capture market share across six AI-led value pools identified [3][4] - Continued investment in sales and marketing, with a focus on building capacity for future growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in market demand, leading to headcount increases despite industry layoffs [6][8] - Positive outlook for the next financial year based on strong execution and large deal pipeline [8][18] - Management noted that AI adoption is expected to drive future growth and operational efficiencies [3][15] Other Important Information - Adjusted margins expanded by 20 basis points sequentially, despite challenges from labor codes [24] - Ongoing impact of labor codes expected to affect margins by approximately 15 basis points annually [80] Q&A Session Summary Question: Headcount increase amidst industry layoffs - Management indicated that the headcount increase reflects confidence in market demand and future growth [6][8] Question: Impact of large deals on revenue guidance - Management confirmed that large deals, including the NHS contract, contributed to the revised revenue guidance [6][8] Question: Sequential decline in margins - Management explained that adjusted margins expanded despite reported margin declines due to labor code impacts [24] Question: AI adoption and its impact on hiring - Management stated that AI software engineers will be utilized across various industries, leading to continued hiring [65] Question: M&A strategy and market trends - Management confirmed ongoing evaluation of potential acquisitions in AI and related sectors [31] Question: Future of office requirements - Management affirmed that the current flexible work model will continue without mandatory office hours [77]

Financial Data and Key Metrics Changes - Revenue grew 0.6% sequentially and 1.7% year-on-year in constant currency terms [2] - Adjusted operating margin was reported at 21.2% [2] - Free cash flow generated was $915 million [2] - Revenue growth guidance for the financial year revised to 3%-3.5% in constant currency [4] - Operating margin guidance remains at 20%-22% [4] Business Line Data and Key Metrics Changes - Significant large deals totaled $4.8 billion, with 57% being net new [2] - Strong momentum in AI adoption, with 90% of the largest 200 clients engaged in AI projects [3] - Company is currently working on 4,600 AI projects and has generated over 28 million lines of code using AI [3] Market Data and Key Metrics Changes - Notable deal with the National Health Service in the U.K. valued at $1.6 billion [2] - Positive outlook in financial services and energy sectors, with good traction observed [18][38] - Manufacturing and Europe have shown significant growth, previously experiencing softness [42] Company Strategy and Development Direction - Company aims to capture market share across six AI-led value pools, positioning itself as a leading AI value creator for global enterprises [3] - Plans to share a comprehensive view of its approach at an Investor Day later this quarter [4] - M&A strategy includes looking for acquisitions in cyber, consulting, and energy services, with a strong pipeline of potential companies [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in market demand, reflected in headcount increases despite peers reducing jobs [6][9] - Positive outlook for the next financial year based on strong execution and large deal pipeline [9][18] - Management noted that while there are challenges, the overall demand environment remains strong, particularly in financial services and energy sectors [18][38] Other Important Information - Adjusted margins have expanded by 20 basis points sequentially, despite investments in sales and marketing [11][22] - Labor code impacts have been fully accrued in financial statements, with ongoing impacts expected to be around 15 basis points annually [29][69] - Company maintains a flexible work model and does not plan to change its approach to office requirements [65] Q&A Session Summary Question: Headcount increase amidst job cuts in peers - Management indicated that the headcount increase reflects confidence in market demand and is part of their strategy to build future capacity [6][9] Question: Impact of large deals on revenue guidance - Management stated that the revenue guidance upgrade is influenced by large deals and strong execution in the current quarter [9] Question: Sequential dip in margins despite currency tailwinds - Management explained that margins were impacted by various factors, including higher variable pay and lower utilization due to training new hires [11][22] Question: AI adoption and pricing models - Management noted that AI adoption is strong across client bases, with evolving pricing models being tested [18][19] Question: M&A strategy and market trends - Management confirmed ongoing discussions for potential acquisitions, focusing on areas like AI and consulting [28] Question: Labor code impact on margins and appraisals - Management clarified that the impact of labor codes has been accounted for, with no changes expected in appraisal approaches [29][69]

来源：环球市场播报 受益于金融服务客户科技需求回暖，印度第二大信息技术服务提供商Infosys（INFY）于周三公布财 报，其第三季度营收超出市场预期。 在 2025 年 10 月至 12 月的这一季度里，该公司营收同比增长 8.9%，达到 4547.9 亿印度卢比（约合 50.4 亿美元）。 Infosys还斩获了多笔由人工智能技术驱动的订单，合作客户包括软件巨头奥多比以及德国大型企业集团 西门子公司。 上月，行业龙头埃森哲也因人工智能驱动的信息技术服务需求强劲，实现了第一季度营收超华尔街预期 的表现。 不过，Infosys该季度净利润同比下滑 2.2%，降至 665.4 亿印度卢比，低于路孚特统计的分析师平均预 期值 737.9 亿印度卢比。 净利润下滑受到了一次性因素的影响 —— 印度政府于 2025 年 11 月颁布的新劳工法规，给公司带来了 128.9 亿印度卢比的相关支出。 该季度，Infosys的大额订单（单笔金额超 3000 万美元）总规模达到 48 亿美元，远超上一季度的 31 亿 美元以及去年同期的 25 亿美元。 其中，公司还与英国国家医疗服务体系（NHS）达成了一笔价值 16 亿美元的 ...

Core Insights - Infosys reported better-than-expected third-quarter revenue, driven by increased tech demand from financial services clients [1] Company Performance - The company experienced a significant pickup in demand, particularly from its financial services sector, which contributed to the positive revenue results [1]

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BENGALURU, India, Jan. 12, 2026 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, and ATP, global governing body of men’s professional tennis, today announced the launch of Ally, an AI-powered chatbot, to further enhance fan engagement and bring the tennis community closer to the sport. Building on their decade-long relationship, Infosys and ATP also announced an extension of their partnership through 2028, furthering efforts to ...