Core Viewpoint - IBM will hold its quarterly conference call to discuss its fourth-quarter 2025 financial results on January 28, 2026 [1] Company Information - The earnings call is scheduled for 5:00 p.m. ET [1] - A live webcast of the earnings call will be available at www.ibm.com/investor [1] - An earnings press release will be accessible prior to the webcast on the investor website [1] - A replay, associated charts, and prepared remarks will be available after the event [1]

Infosys (NYSE:INFY) Q3 2026 Earnings call January 14, 2026 07:30 AM ET Company ParticipantsJayesh Sanghrajka - EVP and Group CFOJonathan Lee - Managing Director and Equity ResearchSandeep Shah - Director of Equity ResearchVibhor Singhal - Executive DirectorAnkur Rudra - Executive DirectorSandeep Mahindroo - Head of Investor RelationsSalil Parekh - CEO and Managing DirectorBryan Bergin - Managing Director and Equity ResearchConference Call ParticipantsAshwin Mehta - AnalystGaurav Rateria - AnalystKeith Bachm ...

Infosys (NYSE:INFY) Q3 2026 Earnings call January 14, 2026 07:30 AM ET Company ParticipantsJayesh Sanghrajka - EVP and Group CFOJonathan Lee - Managing Director and Equity ResearchSandeep Shah - Director of Equity ResearchVibhor Singhal - Executive DirectorAnkur Rudra - Executive DirectorSandeep Mahindroo - Head of Investor RelationsSalil Parekh - CEO and Managing DirectorBryan Bergin - Managing Director and Equity ResearchConference Call ParticipantsAshwin Mehta - AnalystGaurav Rateria - AnalystKeith Bachm ...

Infosys (NYSE:INFY) Q3 2026 Earnings call January 14, 2026 07:30 AM ET Speaker3Good day, and welcome to Infosys Limited Q3 FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded, and I'll ...

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 - 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]

Infosys (NYSE:INFY) Q3 2026 Earnings call January 14, 2026 06:00 AM ET Company ParticipantsJayesh Sanghrajka - CFORishi Jhunjhunwala - Head of Investor RelationsSalil Parekh - CEOConference Call ParticipantsMansee Dave - AnalystAvik Das - AnalystPadmini Dhruvaraj - AnalystUma Kannan - AnalystSanjana B - AnalystShristi Achar - AnalystRitu Singh - AnalystPoulomi Chatterjee - AnalystHaripriya Suresh - AnalystJas Bardia - AnalystChandra Srikanth - AnalystRishi JhunjhunwalaA very good evening, everyone, and wish ...

Infosys (NYSE:INFY) Q3 2026 Earnings call January 14, 2026 06:00 AM ET Speaker2A very good evening, everyone, and wishing you all a very happy New Year. Thank you for joining us today. My name is Rishi, and on behalf of Infosys, I'd like to welcome all of you. As always, since this is the New Year, my rules don't really change. One question from each media house. We'll try our best. But with that, let me invite our Chief Executive Officer, Mr. Salil Parekh, for his opening remarks. Over to you, Salil.Speake ...

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]