Here’s What Boosted Infosys Limited (INFY) in Q4

Core Insights - The SGA Emerging Markets Growth Strategy experienced a divergence from the market in Q4 2025, with the portfolio returning 0.8% (Gross) and 0.6% (Net), compared to the MSCI EM Net TR Index return of 4.7% and the MSCI EM Growth Net TR Index return of 3.3% [1] - For the full year 2025, the portfolio achieved returns of 23.8% (Gross) and 22.8% (Net), lagging behind the indexes which returned 33.6% and 34.3% respectively [1] - The portfolio anticipates annual revenue growth of 13% and earnings growth of 16% over the next three years [1] Company Focus: Infosys Limited - Infosys Limited (NYSE:INFY) was highlighted as a top contributor in Q4 2025, benefiting from steady execution, resilient recurring revenues, and strong performance in large-scale digital transformation projects [2][3] - As of February 11, 2026, Infosys's stock closed at $15.76 per share, with a one-month return of -16.26% and a twelve-month decline of 27.51% [2] - The company has a market capitalization of $63.76 billion [2] - Despite recent investor sentiment cooling towards India due to softening domestic demand and tariff uncertainties, Infosys's strong operating margins and client retention support robust free cash flow generation [3] - Concerns regarding potential disruptions from AI in outsourced IT services have affected Infosys shares, but the company is well-positioned to assist enterprises with AI deployment challenges [3] - The position in Infosys was trimmed to a below-average weight due to valuation considerations [3]