Suryaa Business Desk: Surya Corporate & IT Desk, Bengaluru: Leading Indian IT giant Infosys has announced that its constant currency (Constant... Surya Corporate & IT Desk, Bengaluru: Leading Indian IT giant Infosys has revised its constant currency revenue growth guidance for the financial year 2026-27 (FY27). It downgraded earlier estimates (1.5% 3%) stating that revenue growth in the current financial year could be in the range of 1% to 2%. The management of the company disclosed that although the revenue from artificial intelligence (AI)-based segments jumped 29 percent quarter-on-quarter after winning large deals worth 5.2 billion dollars in the second quarter, the guidance had to be reduced due to international challenges. Impact of slowdown in retail, high-tech sectors: In the September quarter, slowdown in discretionary spends, increasing price pressure from clients and higher productivity demands impacted revenue growth, Infosys Chief Financial Officer (CFO) Jayesh Sangharajka said. The manufacturing, energy and financial services (BFSI) sectors recorded robust growth despite slowing demand, particularly from the retail and high-tech sectors.
Also, the management has clarified that revenue conversion of huge contracts will take some time. Share of AI reaching 10.5 percent of total revenue: The share of AI related projects reaching 10.5 percent of the company's total revenue is a positive development. While AI revenues grew 29 percent in Q2, traditional services margins are under pressure as clients expect cost reductions through AI, it said. However, the efficiency measures taken under 'Project Maximus' and currency exchange flexibility helped to maintain operating margins at 21 per cent in Q2. It has announced that the operating margin guidance for the full financial year will remain stable in the range of 20% to 22%. Attrition down – headcount to 3.33 lakh: Infosys' Q2 net profit grows 6.2 per cent to Rs.
7,823 crores. At the same time, the attrition rate of voluntary employees of the organization has decreased from 13 percent in the last quarter to 12.7 percent. With the recruitment of freshers, the total strength of personnel has reached 3,32,542. On each equity share to the shareholders Rs. 26 The company declared an interim dividend. However, Infosys ADR (ADR) shares came under selling pressure in international markets as earnings growth expectations were cut.
