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Infosys Limited

INFYIT SERVICESFAMILY · CORPORATECONSOLIDATEDINE009A01021
₹1,156.00
close, 1 Sep 2026 · −22.9% over 12 months
Market cap
₹4,64,100 cr
Revenue TTM
₹1,84,582 cr
EPS TTM
₹74.13
P/E
15.6×
P/B
4.97×
EV/EBITDA
9.8×
Net cash
₹35,151 cr
32 quarters, Q2 FY19 → Q1 FY27balance sheet from Mar 2022 cash flow from Sep 201847 transcripts 7,918 speaker turns423 claims tested8 segments

Share price

daily close, adjustedAug 2023 → 1 Sep 2026
52-week range from 252 trading days · price store, corporate-action adjusted

Returns and range

as at 1 Sep 2026
52-week high₹1,689.8016 Jan 2026−31.6% from here
52-week low₹985.301 Jul 2026+17.3% from here
Shares outstanding401.47 cras filed, Q1 FY27 shareholding pattern
Free float86.18%promoter 13.82%
Market capitalisation₹4,64,100 cr₹4,28,949 cr enterprise value

Valuation

on trailing twelve months
Price / earnings15.6×EPS ₹74.13
Price / book4.97×book value ₹232.39
EV / EBITDA9.8×EBITDA ₹43,745 cr
EV / revenue2.32×revenue ₹1,84,582 cr
Free cash flow yield6.7%FCF ₹31,259 cr, FY26

The last four quarters, in one place

filed, and what management said about eachQ2 FY26 → Q1 FY27
Every figure in the filed rows opens to its XBRL element · the stated rows carry the page and the speaker

Where this stands

assembled from the filings and the last six calls — no opinion, no rating
Growth

Rupee revenue grew 14.0% year on year in Q1 FY27 to ₹48,211 cr, against 2.4% in constant currency as stated on the call — the difference is currency, and it is flagged rather than netted. Guidance for FY27 was set at 1.5–3.5% in April and narrowed to 1.5–3.0% in July.

Margin

Filed EBIT margin has held in a 20.8–21.1% band for eight quarters. Management's own “operating margin” is the same measure and agrees to within 36 bps every quarter. The guidance band of 20–22% has not moved in six calls.

Watch

Q3 FY26 carries a ₹1,289 cr exceptional charge — the labour-code provision — booked below the operating line in the accounts, while the call described it as taking reported operating margin to 18.4%. Receivable days have risen 63.2 → 67.8 since FY23 and cash conversion fell from 91% to 80% in FY26. Foreign institutions have cut 317 bps in two quarters.

Operating margin, Q1 FY27

filed against saidearnings call · 23 Jul 2026
Filed · EBITDA margin
23.66%
₹11,409 cr on revenue of ₹48,211 cr. Before depreciation, excluding other income.
Q1FY27 results XBRL · INTEGRATED_FILING_INDAS_1700136
Filed · EBIT margin
21.08%
₹10,163 cr after depreciation and amortisation of ₹1,246 cr.
derived · EBITDA − D&A · rule DER.EBIT.v2
Said · operating margin
21.10%
“Our large deals, $3.6 bn at 61% net new, operating margin at 21.1%, free cash flow at $955 mn.”
Salil Parekh · prepared remarks · page 5
AgreesReason · basis

Not a discrepancy — a definition. Infosys reports “operating margin” after depreciation, so it is an EBIT measure. Against filed EBITDA it looks 258 bps light; against filed EBIT it agrees to 2 bps. The concept map resolves Infosys' “operating margin” to EBIT_MARGIN, and it holds for the previous three quarters.

QuarterSaid on the callFiled EBIT marginGapFiled EBITDA marginGap vs EBITDAPage
Q2 FY2621.0%21.02%2 bps23.68%266 bpsp20
Q3 FY2621.2%20.84%36 bps23.38%218 bpsp19
Q4 FY2620.9%21.00%10 bps24.07%317 bpsp28
Q1 FY2721.1%21.08%2 bps23.66%258 bpsp5
Guidance, not an actual

Four further claims in the same call quote 20% to 22%. That is the FY27 guidance band — a range, basis guided, target period FY27 — not a statement about the quarter. Held in the guidance tracker, never compared to a reported figure.

Revenue and margin, all 32 quarters

bars ₹ crore · lines per centQ2 FY19 → Q1 FY27
Revenue EBITDA margin EBIT margin Operating margin as stated on the call

Q3 FY26 — the same charge on two sides of the line

a second divergence, and its reason
Said · reported
18.40%
“Operating margins including the impact of change in labor codes stands at 18.4%, adjusting for the same, it is at 21.2%.”
Jayesh Sanghrajka · page 21
Said · adjusted
21.20%
The company's own adjusted measure, excluding the labour-code provision.
same sentence · non-statutory measure
Filed · EBIT margin
20.84%
Exceptional items of −₹1,289 cr sit below the operating line in the filed statement — 2.83% of revenue, which is the 2.8 point gap between the two stated figures.
Q3FY26 XBRL · exceptional items · context OneD
DivergesReason · non-statutory measure

Neither figure is wrong; they sit on different sides of the operating line. The statutory presentation puts the charge in exceptional items, so filed EBIT is 20.84% — close to management's adjusted 21.2%, not their reported 18.4%. A screener reading one and a listener hearing the other are looking at the same quarter and disagreeing by 244 bps. The reconciliation records both, names the reason and keeps the sentence.

Quarterly, as filed — every quarter on disk

scroll right₹ crore
Blank is a period not filed, never a zero · balance sheet filed at March and September only · click a figure for its provenance

Fiscal years — the filed twelve-month figure, not a sum of quarters

₹ crore
The sum-of-quarters identity runs on every company and period; failures are classified as restatements, not corrected

Ratio analysis

computed over the filed statements — every input on this pageFY19 → FY26
Returns and working-capital ratios use average balances and therefore begin at FY23 — the balance sheet enters the XBRL only from March 2022, and a blank is a period not filed

DuPont

net margin × asset turnover × leverage
Leverage is total assets ÷ equity · Infosys carries no borrowings, so the leverage term is working capital and lease liabilities only

What the ratios say

read against the call
Cash conversion

Cash from operations as a share of EBITDA moved 64% → 69% → 91% → 80% across FY23–FY26, while receivable days rose 63.2 → 67.8. The FY25 spike and the FY26 give-back are a working-capital swing, not an earnings event.

Return on capital

ROCE of 63.7% in FY26 is on capital employed of ₹58,146 cr — equity less the ₹35,151 cr net cash pile. The cash is a third of the balance sheet and earns other income, not operating return. That is why the projection engine values operating assets and adds net cash separately rather than blending them.

Chart builder

any series, any range — the model picks the spec, never the numbers32 quarters · 8 segments

Series

Pick up to four. Money and per-cent series get their own axis automatically.

Range

Type

This is the surface a natural-language question resolves to — metric, entities, period, chart type — with the data fetched by the query layer and every point carrying its filing

Segment revenue, all quarters

dimensional facts, names canonicalised across 32 filings₹ crore

Five quarters, and what was said about them

segment facts joined to the sentence that explains themQ1 FY26 → Q1 FY27 · call page 15
Join key: entity × segment member × period. The sentence is retrieved, never paraphrased.

Six calls on the same lines

every quarter answering the same questions, side by sideQ4 FY25 → Q1 FY27
Amber is what was said on the call · blue is what was filed · a dash is a period where the topic was not addressed, which is a fact about the call, not a gap in the data

What moved, across the six

read down the columns above
Guidance walked up all year, then reset

FY26 revenue guidance went 0–3% → 1–3% → 2–3% → 3–3.5% across four calls and closed at 3.1%. FY27 opened at 1.5–3.5% and was narrowed to 1.5–3.0% one quarter in. The margin band has not moved once in six calls: 20–22%.

Deal wins are the volatile line

Large deal TCV ran $3.8 → $3.1 → $4.8 → $3.2 → $3.6 bn quarter to quarter, with net-new share between 57% and 67%. FY26 closed near $15 bn, 28% above FY25. Free cash flow moved the other way and steadily: $884 → $915 → $955 mn.

AI enters the vocabulary in one quarter

AI is the most-discussed theme across all 47 calls at 2,821 management sentences, yet a quantified AI revenue share appears for the first time in Q1 FY27 at 8.2%. Five quarters of qualitative discussion, then a number — which is precisely when a metric becomes trackable and why the KPI registry is demand-driven rather than pre-built.

Q1 FY27 earnings call — summary

extracted, every line traceable to a page23 Jul 2026 · 666 management sentences
Headline, as stated
Revenue growth 2.4% YoY, 1.0% QoQ, constant currency
Large deals $3.6 bn, 61% net new
Operating margin 21.1%
Free cash flow $955 mn
EPS up 15% YoY in rupee terms
AI services 8.2% of revenue
Salil Parekh · prepared remarks · page 5
What was flagged
“We had a one-time revenue impact of a client decision during the quarter.”
page 5 · tagged ONE_OFF · no quantum stated
“Over 80,000 employees are working on coding tools… our plan is to have 6,000 Frontier Engineers over the next few years.”
page 5 · tagged FORWARD_LOOKING · target period unspecified
Against the filing
Filed revenue ₹48,211 cr, up 14.0% YoY in rupees against 2.4% constant currency stated — the gap is the currency effect and is flagged, not netted.
Filed EPS ₹19.19 against ₹16.70 a year ago — +14.9%, agreeing with the stated 15%.
reconciliation · 2 agree, 1 basis, 4 guidance

What is talked about

management above, analysts below47 calls
Rule-based first pass over 7,918 turns · the model replaces this tagging

Guidance against delivery

revenue growth · axis 0–12%
Reason · basis

Guidance is constant currency; delivery is the filed rupee figure. The gap contains the currency effect and the two are marked not directly comparable — flagged, not silently netted.

Tone

confidence words against caution words, management remarks only
QuarterMgmt sentencesConfidenceCautionRatio
Q2 FY2661262340.646
Q3 FY2656751360.586
Q4 FY2665558430.574
Q1 FY2766653290.646
A lexicon count, labelled as such. Directional only — it is not a sentiment score and is never used in a ranking.

Operating KPIs — as disclosed

IT services KPIs live in the call, not the filingLayer A · unbounded, uncurated
Every value carries the label the company used. A canonical id is attached only where the mapping is certain — otherwise the row is served as-disclosed and written to the registry backlog.

Why this sheet is not in the financials

Layer A

Large deal TCV, net-new share, constant-currency growth, AI revenue share and free cash flow in dollars are not Schedule III lines and appear in no XBRL instance. They exist only in the call and the deck. They are captured with their own units and their own words, and only promoted to a comparable canonical metric where every peer defines them the same way — for IT services, that is constant-currency growth, attrition, utilisation, TCV and headcount.

Projection engine

FCFF, five explicit years then a terminal value — move a driver, the value movesanchored on filed TTM

Drivers set from the filed history. Each shows the latest quarter and the trailing averages, so you can see what you are assuming against what has happened.

0%16%
14%28%
15%35%
1.0×6.0×
8%18%
not disclosed by the company · analyst input
0%7%
not disclosed by the company · analyst input
6%40%
Value per share
Market price
₹1,156.00
Upside
Implied P/E
Where the value sits
PV of years 1–5 PV of terminal value Net cash
Projected revenue and EBIT
Sensitivity — one point on each driver
FCFF = EBIT × (1 − tax) − reinvestment, reinvestment = ΔRevenue ÷ sales-to-capital · terminal reinvestment = g ÷ return on capital · no target price is published, only the arithmetic and its inputs

Ownership

shareholding pattern XBRL, read across both taxonomies
Category31 Dec 202531 Mar 202630 Jun 2026Change
Promoter and promoter group14.52%14.38%13.82%−70 bps
Public
Foreign institutions30.26%28.45%27.09%−317 bps
— FPI category I29.40%27.55%26.08%−332 bps
— FPI category II0.86%0.90%1.01%+15 bps
Domestic institutions41.27%43.38%42.96%+169 bps
— Mutual funds22.12%23.50%23.00%+88 bps
— Insurance companies15.63%16.03%16.20%+57 bps
— Provident and pension funds2.69%2.99%3.20%+51 bps
Non-institutions13.69%13.53%15.89%+220 bps
Total shares404.45 cr404.83 cr404.13 cr
Filings from July 2025 use in-bse-shp 2025-10-31, which suffixes every context and splits FPIs into two categories — normalised here, so the series runs continuously across the boundary

Earnings calls

28 transcript(s)/analyst meet(s) served; 19 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (15 of 28 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT201901172018-12-31yes
TRANSCRIPT201904172019-03-31yes
TRANSCRIPT201907182019-06-30yes
TRANSCRIPT201910162019-09-30yes
TRANSCRIPT202001142019-12-31yes
TRANSCRIPT202004232020-03-31yes
TRANSCRIPT202010192020-09-30yes
TRANSCRIPT202101182020-12-31yes
TRANSCRIPT202107192021-06-30yes
TRANSCRIPT202201172021-12-31yes
DUPLICATE202201172021-12-31no
ANALYST_MEET202204192022-03-31yes
DUPLICATE202204192022-03-31no
ANALYST_MEET202207282022-06-30yes
DUPLICATE202207282022-06-30no
ANALYST_MEET202210172022-09-30yes
DUPLICATE202210172022-09-30no
TRANSCRIPT202301172022-12-31yes
DUPLICATE202301172022-12-31no
ANALYST_MEET202304182023-03-31yes
DUPLICATE202304182023-03-31no
ANALYST_MEET202307252023-06-30yes
DUPLICATE202307252023-06-30no
TRANSCRIPT202310182023-09-30yes
DUPLICATE202310182023-09-30no
TRANSCRIPT202401162023-12-31yes
DUPLICATE202401162023-12-31no
TRANSCRIPT202404232024-03-31yes
DUPLICATE202404232024-03-31no
ANALYST_MEET202407232024-06-30yes
DUPLICATE202407232024-06-30no
TRANSCRIPT202410222024-09-30yes
DUPLICATE202410222024-09-30no
TRANSCRIPT202501212024-12-31yes
DUPLICATE202501212024-12-31no
ANALYST_MEET202504222025-03-31yes
DUPLICATE202504222025-03-31no
TRANSCRIPT202507282025-06-30yes
DUPLICATE202507282025-06-30no
TRANSCRIPT202510212025-09-30yes
DUPLICATE202510212025-09-30no
TRANSCRIPT202601192025-12-31yes
DUPLICATE202601192025-12-31no
ANALYST_MEET202604272026-03-31yes
DUPLICATE202604272026-03-31no
ANALYST_MEET202607282026-06-30yes
DUPLICATE202607282026-06-30no

Model workbook

Download INFY_model_v2.xlsx — 3750 sourced cells each with a Provenance row (doc_id, sha256, element, contextRef, period, value as filed, locator), 4413 formula cells; SHA-256 b44b6b3b2497789b…

Commentary — cross-call tabulation

QuarterThemeManagement sentencesAnalyst sentencesManagement share
Q1FY20AI and technology51180.1178
Q1FY20Capex and capacity420.0092
Q1FY20Capital allocation2850.0647
Q1FY20Competition450.0092
Q1FY20Credit quality000.0
Q1FY20Currency and macro2240.0508
Q1FY20Demand and volumes42130.097
Q1FY20Deposits and liquidity000.0
Q1FY20Distribution and persistency930.0208
Q1FY20Margins and costs33140.0762
Q1FY20People and attrition44250.1016
Q1FY20Pricing and realisation680.0139
Q1FY20Raw materials and input costs000.0
Q1FY20Regulation and policy1150.0254
Q1FY22AI and technology7090.1133
Q1FY22Capex and capacity500.0081
Q1FY22Capital allocation1420.0227
Q1FY22Competition430.0065
Q1FY22Credit quality010.0
Q1FY22Currency and macro1220.0194
Q1FY22Demand and volumes64120.1036
Q1FY22Deposits and liquidity000.0
Q1FY22Distribution and persistency1430.0227
Q1FY22Margins and costs56240.0906
Q1FY22People and attrition60180.0971
Q1FY22Pricing and realisation25170.0405
Q1FY22Raw materials and input costs200.0032
Q1FY22Regulation and policy430.0065
Q1FY23AI and technology4200.089
Q1FY23AI and technology4200.089
Q1FY23Capex and capacity410.0085
Q1FY23Capex and capacity410.0085
Q1FY23Capital allocation250.0042
Q1FY23Capital allocation250.0042
Q1FY23Competition410.0085
Q1FY23Competition410.0085
Q1FY23Credit quality220.0042
Q1FY23Credit quality220.0042
Q1FY23Currency and macro31140.0657
Q1FY23Currency and macro31140.0657
Q1FY23Demand and volumes76200.161
Q1FY23Demand and volumes76200.161
Q1FY23Deposits and liquidity000.0
Q1FY23Deposits and liquidity000.0
Q1FY23Distribution and persistency440.0085
Q1FY23Distribution and persistency440.0085
Q1FY23Margins and costs82390.1737
Q1FY23Margins and costs82390.1737
Q1FY23People and attrition47120.0996
Q1FY23People and attrition47120.0996
Q1FY23Pricing and realisation23100.0487
Q1FY23Pricing and realisation23100.0487
Q1FY23Raw materials and input costs000.0
Q1FY23Raw materials and input costs000.0
Q1FY23Regulation and policy010.0
Q1FY23Regulation and policy010.0
Q1FY24AI and technology4860.1074
Q1FY24AI and technology4860.1074
Q1FY24Capex and capacity320.0067
Q1FY24Capex and capacity320.0067
Q1FY24Capital allocation300.0067
Q1FY24Capital allocation300.0067
Q1FY24Competition020.0
Q1FY24Competition020.0
Q1FY24Credit quality000.0
Q1FY24Credit quality000.0
Q1FY24Currency and macro1450.0313
Q1FY24Currency and macro1450.0313
Q1FY24Demand and volumes49220.1096
Q1FY24Demand and volumes49220.1096
Q1FY24Deposits and liquidity100.0022
Q1FY24Deposits and liquidity100.0022
Q1FY24Distribution and persistency610.0134
Q1FY24Distribution and persistency610.0134
Q1FY24Margins and costs54170.1208
Q1FY24Margins and costs54170.1208
Q1FY24People and attrition1690.0358
Q1FY24People and attrition1690.0358
Q1FY24Pricing and realisation1020.0224
Q1FY24Pricing and realisation1020.0224
Q1FY24Raw materials and input costs000.0
Q1FY24Raw materials and input costs000.0
Q1FY24Regulation and policy200.0045
Q1FY24Regulation and policy200.0045
Q1FY25AI and technology63120.1233
Q1FY25AI and technology63120.1233
Q1FY25Capex and capacity610.0117
Q1FY25Capex and capacity610.0117
Q1FY25Capital allocation1470.0274
Q1FY25Capital allocation1470.0274
Q1FY25Competition300.0059
Q1FY25Competition300.0059
Q1FY25Credit quality020.0
Q1FY25Credit quality020.0
Q1FY25Currency and macro2260.0431
Q1FY25Currency and macro2260.0431
Q1FY25Demand and volumes40170.0783
Q1FY25Demand and volumes40170.0783
Q1FY25Deposits and liquidity000.0
Q1FY25Deposits and liquidity000.0
Q1FY25Distribution and persistency540.0098
Q1FY25Distribution and persistency540.0098
Q1FY25Margins and costs48140.0939
Q1FY25Margins and costs48140.0939
Q1FY25People and attrition1140.0215
Q1FY25People and attrition1140.0215
Q1FY25Pricing and realisation1220.0235
Q1FY25Pricing and realisation1220.0235
Q1FY25Raw materials and input costs000.0
Q1FY25Raw materials and input costs000.0
Q1FY25Regulation and policy010.0
Q1FY25Regulation and policy010.0
Q1FY26AI and technology64180.117
Q1FY26AI and technology64180.117
Q1FY26Capex and capacity200.0037
Q1FY26Capex and capacity200.0037
Q1FY26Capital allocation800.0146
Q1FY26Capital allocation800.0146
Q1FY26Competition110.0018
Q1FY26Competition110.0018

Guidance items

quartermetricdirectionsentencepage
Q3FY19marginnanOperating margin was at 22.6%, this included a very strong investment trajectory that we have put in place in sales, in localization especially in the US and Eu4
Q3FY19othernanWe have not seen our clients change their spending trajectory so far.4
Q3FY19revenue growthnanWith this strong performance during the year so far, we are revising our full year revenue guidance.4
Q3FY19revenue growthnanOur new revenue guidance is 8.5% to 9.0% growth in constant currency terms.4
Q3FY19marginMAINTAINEDWe retain our operating margin guidance at 22% to 24% for the full year.4
Q3FY19othernanWhile revenues have come above estimates you have also revised the guidance beyond what the street was expecting.5
Q3FY19marginnanYou did talk about some investments that you are making, so is this one-off because you have retained the operating margin guidance at 22% to 24%?5
Q3FY19marginnanThat plan is what we have driven our margin guidance towards and which is what we are executing upon.6
Q3FY19revenue growthnanI will start with the revenue guidance.7
Q3FY19othernanWe feel confident for this full fiscal year 2019 and that is giving us the ability to talk about increasing the guidance.7
Q3FY19revenue growthnanThe way we are looking at it, our segments are doing well, both our digital and core services are doing well and that is giving us some confidence for the reven7
Q3FY19marginnanAs Salil rightly mentioned, at the beginning of the year when we guided for margin, we had taken into account all the investments and the business needs and aft8
Q3FY19marginnanThis gives us good confidence on the full year margin being in the range of 22% to 24%.8
Q3FY19hiring / attritionnanIf you look about 18 months back or so, utilization was always trending in the range of 78% to 80%, but since then we have inched up.10
Q3FY19othernanOur guidance is only focused on the fiscal year which ends on March 31, 2019.11
Q3FY19othernanOnce we get into this quarter and start to close out the year, that is when we look more seriously at what the full year guidance for the next fiscal year will 12
Q3FY19revenue growthnanRelated to the communication vertical, this quarter on a constant currency basis, it degrew 0.5%, but on the back of some of the deals that we have won in the l12
Q3FY19othernanAll I am saying is in what we see today and especially what we see in the very near future which is for this fiscal year, we remain confident of the guidance we15
Q3FY19othernanSo we read, understand and interact and as we go through our Q4, we will have a better view for the next fiscal.17
Q3FY19othernanWe have no view today beyond March 31, 2019 in terms of what we are going to do for next fiscal.23
Q3FY19marginnanSo we are still within our guidance 22% to 24% on the margin and we do not see that changing for this fiscal.24
Q3FY19marginnanSo we are very comfortable with where we are on the margin in terms of the guidance and we see now an increased traction on the growth where we are increasing t24
Q3FY19othernanThis included our continuing investment trajectory in sales, localization, agile and reskilling that we have indicated from the start of the year.28
Q3FY19othernanThere are macro level concerns in the environment but we have not seen as of now clients alter their spending plans or trajectory.28
Q3FY19revenue growthnanWith a strong performance during the year we are revising our full year revenue growth guidance to 8.5% to 9% in constant currency terms.28
Q3FY19marginMAINTAINEDWe retain our operating margin guidance at 22% to 24% for the full year.28
Q3FY19othernanOverall budgets are expected to be flattish with higher allocation towards newer areas focused on change the business segment.30
Q3FY19othernanOur performance remained relatively steady even in a seasonally weak quarter due to ramp up of previous deal wins and we expect further momentum in the coming q30
Q3FY19marginLOWEREDThese are partly offset by benefits of rupee depreciation and revenue hedges of 50 basis points and benefit of lower leave cost and reduction in other expenses 32
Q3FY19revenue growthnanComing to guidance; driven by better than expected 8.1% constant currency growth in the first nine months of the year compared to nine months of FY2018, we have32
Q3FY19marginnanWe are maintaining our FY2019 operating margin guidance band at 22% to 24%.32
Q3FY19marginnanWe expect Q4 operating margins to be impacted due to rupee appreciation, targeted compensation corrections, continued investments in business and initial margin32
Q3FY19marginnanWe have not really changed margin guidance every time in the past as well.36
Q3FY19othernanWhat we have said right now as well as at the beginning of the year, we gave a guidance of 22% to 24% that was after taking into account all the investments and36
Q3FY19othernanThe first nine months of the year is at 23.3% and I have already laid out some of the headwinds in terms of compensation, continued investments and so on, but w36
Q3FY19revenue growthnanWe see the benefits on sales and on localization already start to come through as you have seen in our sales trajectory and our revenue guidance.37
Q3FY19marginnanFor fiscal 2020, at this stage we are not giving any view on what the margin or the revenue outlook is.37
Q3FY19deal wins / order bookRAISEDOf course as some of the deals have come in Q2, Q3 and we see a good pipeline today for Q4, we have raised our revenue 14 guidance for the full year in fiscal 238
Q3FY19othernanWell Viju that is correct because we have some targeted compensation this Q4, which was not in the last Q4.40
Q3FY19othernanHowever, to be clear we are not making any specific comment on our fiscal 2020 outlook.41
Q3FY19othernanComing to this quarter first, this quarter we got a benefit of rupee depreciation of 50-basis points and as we get into the next quarter, rupee has already appr41
Q3FY19deal wins / order booknanHowever, in the last couple of quarters we have had a few large deal wins in this segment, so we expect the trajectory to change in the coming quarter.47
Q3FY19othernanHaving said that from the industry perspective definitely the sector is under stress but at the same time it also opens up new opportunities for outsourcing, to47
Q3FY19othernanThe client budget process is progressing and it is likely to conclude in the next month or so, but the early indications are the budgets are expected to be flat47
Q3FY19othernanWe will now in our fiscal year fourth quarter start to build more comprehensive view of how the next fiscal year starting in April will look like for us.49
Q3FY19othernanInternally we will also start to put some thoughts on a more specific basis on how this outlook will work on multiple year pieces.49
Q3FY19othernanAt this stage, we are not ready to come and say specifically what fiscal 2020 will look like and so is what the midyear trajectory or margins will look like.49
Q4FY19deal wins / order booknanOn large deals again we had an exceptional quarter. $1.6 billion in large deal wins, and a total of $6.3 billion for the full year - that is twice the value we 4
Q4FY19marginnanOur margin for the full year was within our guided band at 22.8% and margins for Q4 was at 21.5%.4
Q4FY19othernanGoing forward, we see the ability to drive operational efficiency into our business.4
Q4FY19revenue growthnanOur guidance for fiscal 2020 is - Revenue growth in the range of 7.5% to 9.5% in constant currency and operating margin in the range of 21% to 23%.4
Q4FY19othernanLet me start with the guidance.6
Q4FY19othernanThe way we can start guidance is look at what we have done in terms of the full year in the new wins, and also making sure we look at what is going on in the ma6
Q4FY19othernanWe had a very strong acceleration for the full year and, therefore, if you recall, for fiscal 2019, guidance was 6% to 8% and we have now bumped it up to 7.5% t6
Q4FY19othernanSo, from our perspective it is a very strong movement of the guidance reflecting the growth.6
Q4FY19otherLOWEREDWe have not actually cut guidance because we had guidance of 6% to 8% for this year and have delivered 9% and this 7.5% to 9.5% fits very well within the range 6
Q4FY19marginnanSo, as we guided the market at the beginning of the year, although we ended last year at 24.3%, our margin guidance was between 22% to 24%.6
Q4FY19marginnanThis has been a thought through programme and the guidance for next year actually reflects the margin looking at where we are in Q4 and how we build forward.6
Q4FY19othernanSo we expect in the next couple of quarters things should become better.7
Q4FY19othernanWe want to bring it down to 13% to 15% that is where our comfort is going forward.7
Q4FY19othernanOverall, we feel there is still robustness in our business and that is what is reflected into our guidance.8
Q4FY19othernanIn fact, some of those things we are starting to hit sooner, but we have given ourselves the journey time of three years to make sure that we become fully funct8
Q4FY19othernanThat gives us confidence in the guidance, which we have given.9
Q4FY19othernanAs Pravin shared, our Financial Services outlook for the full year is still quite strong and that is a large part of our business.10
Q4FY19othernanSo those were some of the components that went in as we built the guidance for fiscal 2020.10
Q4FY19othernanThe forex factor has been kept aside and this is based on where we see the spot FX today - so we do not factor into the guidance.10
Q4FY19othernanWe believe that this is the right thing to do for us as a company because we are building Infosys for the next 10, 15, 20 years and not for the next quarter.14
Q4FY19othernanIn the next quarter or the next year, they will have an impact, but the real impact is going to come over multiple years because these are partners, which are m14
Q4FY19othernanWe expected to come back and as I said earlier we are comfortable with about 13% to 15% range.15
Q4FY19othernanSo the reality is much more question of trajectory than question of long-term play.19
Q4FY19othernanThat is the trajectory that we now put forward into the next fiscal year.19
Q4FY19othernanSo between the trajectory and this reduced intensity of investments we now start to see that the operational levers will also start to benefit us.19
Q4FY19othernanRegarding when the margins will go above this guided range, we are only talking about fiscal 2020 here.19
Q4FY19othernanThe average wage hike in India will be about 6%.24
Q4FY19othernanAverage wage hike outside India will be about 1% to 1.5%.24
Q4FY19deal wins / order booknanOur large deal wins were also impressive at $ 1.6 bn for the quarter and $ 6.3 bn for the full year, which is twice the value of what we did in fiscal 2018.27
Q4FY19marginnanOur margin for the full year was 22.8% and for Q4 was at 21.5%.27
Q4FY19othernanGoing forward, we see the ability to drive operational efficiencies more and more into our business.27
Q4FY19revenue growthnanWith that, our guidance for fiscal 2020 is revenue growth of 7.5% to 9.5% in constant currencyand operating margins in the range between 21% and 23%.27
Q4FY19othernanWe are in the final stretches of our localization effort with over 9,100 American workers hired till March 2019 vis-à-vis our target of 10,000.28
Q4FY19othernanAs we entered FY2019, in Q1 our YoY growth was less than 5% (CC), but as we exited in Q4 it is 8.5% (CC); which gives us good comfort on the prospects of Financ28
Q4FY19othernanCustomer acquisition, digital banking, cyber security and lending are expected to be key areas of strategic focus and spending in the current year.28
Q4FY19othernanDespite the structural issues affecting the sector, we expect steady performance in fiscal 2020.28
Q4FY19capexnanHence, we expect capex to remain at these elevated levels for FY 20 as well.31
Q4FY19tax ratenanWe expect the tax rate for FY 20 to be within 27%-28%. 9 With that let me summarize our performance for the full financial year 2019.31
Q4FY19revenue growthnanOur strong revenue performance through FY 19 led to 9% growth in constant currency terms, which was the upper end of our higher revised guidance of 8.5%-9% and 31
Q4FY19marginnanAs we had mentioned at the start of FY 19, that operating margin for the year will be within 22%-24% due to targeted investments in sales and marketing, near sh31
Q4FY19hiring / attritionnanThe impact of these investments is visible in acceleration in our revenue trajectory and also our overseas local hiring.31
Q4FY19marginnanConsequently, operating margins for FY 19 was 22.8%, near the midpoint of the guided margin band of 22%-24%.31
Q4FY19othernanComing to FY2020 guidance.31
Q4FY19revenue growthnanDriven by robust revenue momentum and guidance upgrade in FY 19, our FY 20 revenue guidance stands at 7.5% to 9.5% in constant currency terms.31
Q4FY19hiring / attritionnanThe operating margin guidance for FY2020 stands at 21% to 23%. 10 While our margin band reflects the already made investments in various initiatives, we are als31
Q4FY19marginnanThe question on what is our view with respect to this margin band and going forward I suspect beyond fiscal 2020.36
Q4FY19othernanThe first part I could follow is which is I think what is the composition of our guidance with respect to acquisition.37
Q4FY19othernanThe way we put our guidance today is it includes everything as we have announced.37
Q4FY19othernanSo we made an estimate of that and it is built into our guidance.37
Q4FY19othernanBut our guidance is for our full revenue with everything that we announced so far.37
Q4FY19othernanIf there are any economic slowdowns, is that being factored in with the guidance if that is the question, we see overall a very robust environment from what we 37
Q4FY19othernanAll of that has been factored into the guidance.37
Q4FY19othernanOur guidance remains with what we see in the environment today.37
Q4FY19othernanWe have not shared them outside beyond the guidance for fiscal 2020.38
Q4FY19revenue growthnanOn the revenue side you had a question, our guidance was perceived as light.38
Q4FY19othernanOur view is that we will drive the business with the changes we are making as rapidly as we can and to drive that growth as aggressively as we can. 15 However, 38
Q4FY19othernanAs you saw in fiscal 2019 we started with 6-8% and as the year progressed we were fortunate enough to increase the guidance through the middle of the year.38
Q4FY19othernanFor full fiscal year we had given a guidance of 22% to 24%.39
Q4FY19hiring / attritionnanThe currency benefit for the year was about 210bps which we passed on largely with salary increases to our employees, and for stemming attrition where we had ta39
Q4FY19othernanTaking all that into account, we built a guidance which gives a range between 7.5% and 9.5% and that is how we see the business evolving today.40
Q4FY19othernanOf course, we started the year in fiscal 2019 with a view of what we could see then and 17 as the year evolved and as we had more clarity, we are more comfortab40
Q4FY19othernanIn terms of trajectory it is difficult to say.41
Q4FY19othernanIt is difficult to say how that will look specifically in the Q4 of next year.41
Q4FY19othernanJust wanted to add that from a guidance perspective, we expect the normal seasonality which we typically see both in H1 and H2.41
Q4FY19othernanWe have not articulated them because we have not given any guidance beyond fiscal 2020 at this stage.41
Q4FY19othernanIn terms of investments in fiscal 2019, as 18 we started to make many of those investments across the quarters, several of them came more back-ended in Q3 and Q41
Q4FY19othernanMy comment was more about giving a guidance as we did last year based on where we see the business today.44
Q4FY19othernanBut as we see things changing in the business, as we did in fiscal 2019, we will make those sort of changes in the guidance as we go through the year.44
Q4FY19marginnanAs we mentioned earlier, when we looked at our guidance for next year of 21% to 23%, we have also seen where are we exiting the year, which is at 21.5% and like44
Q4FY19othernanAnd therefore as the year accelerates and we go through the year, we should see that improvement in margins within the guidance range.44
Q4FY19hiring / attritionnanRight now we have factored some level of attrition improvement in the guidance that we have given and in general, a part of it we can arrest through some expens45
Q4FY19marginnanSo we are comfortable and I do not think that should be a great impact from a margin perspective.45
Q4FY19othernanIn general, I am always disappointed every quarter with the growth that we get because we should be getting more.46
Q4FY19othernanI do not think this is a cause of concern as we go into large deals going forward.46
Q4FY19othernanWe do not make any forward projection on the rupee, so the guidance is based on where we are.47
Q1FY20marginnanSecond, operating margin comes in at 20.5% which is well above what the consensus was and on track to where we want to drive the rest of the year in terms of op4
Q1FY20revenue growthnanNext with all of that growth, excitement and changes we increase our revenue guidance.4
Q1FY20revenue growthnanOur revenue guidance in constant currency was 7.5% to 9.5%.4
Q1FY20revenue growthnanWe see a really strong client connect and relevance and with that we have changed our revenue guidance.4
Q1FY20marginMAINTAINEDWe maintain operating margin guidance at 21% to 23% as it was at the start of the year.4
Q1FY20othernanThe guidance that we have given is for all of our business, we have not split that out as guidance between organic or inorganic.5
Q1FY20otherRAISEDThat is giving us confidence to raise the guidance.5
Q1FY20hiring / attritionnanSo we expect, over a period of time the attrition will come down to a manageable level.6
Q1FY20othernanWe are fortunate to see the growth coming in quite strongly in Q1, and with that demand we see the traction that I shared with you on digital and of course the 7
Q1FY20othernanWe expect to stay in that range 7 because it is an integral part of our supply chain.7
Q1FY20otherRAISEDYes, that is the reason we have increased our guidance.9
Q1FY20othernanFrom the perspective of elements of how do we influence the margins going forward - of course automation is in the core of what we do 10 and we do it for oursel10
Q1FY20othernanWe have had these first quarter impacts, which are, as I said, seasonal for the industry; but if we look forward into a guidance of 21% to 23%, then we are sitt10
Q1FY20othernanOur growth is evident in our numbers today and that is what really is critical and that is how we look at the business going forward as opposed to proxy measure15
Q1FY20othernanAll it is doing is putting a discipline where we are going to return this money because that is the right way we think the business should be run.15
Q1FY20othernanThat demand we see - I am not saying, it is good forever - but from what we see today, we can see this is supportive of the guidance we have given.15
Q1FY20othernanThis is not to say that the macros are now going to be rosy all the time but within what we see today in terms of the client connects we have, the business we h15
Q1FY20othernanWe have increased the range in our guidance from 8.5% to 10%.20
Q1FY20othernanIt is not that our guidance is only 10%, so it is not a double digit guidance to be very clear, but it is part of the guidance and that is what we are driving t20
Q1FY20marginnanLike we said, that is behind us last year and as we look forward to this year, our guidance which is 21% to 23%, actually reflects a stabilization of our margin20
Q1FY20othernanWe are at 20.5% and that was largely because of the one-offs, which is factored into the guidance.20
Q1FY20marginnanSo like I said going forward we expect this margin profile to improve as the year progresses.20
Q1FY20othernanOn the US numbers, we have no new numbers to announce today, we are really delighted that the 10000 is complete, we have an internal target for sure and we are 22
Q1FY20revenue growthnanGiven the evolution of our business outlook, we are now changing our revenue guidance.26
Q1FY20marginMAINTAINEDWe retain our margin guidance at 21%-23% for the full year.26
Q1FY20othernanWe have reached our localization target in the USA and have recruited more than 10000 local employees.28
Q1FY20othernanEnergy Utilities Resources & Services maintained the strong growth momentum and we expect broad based growth to continue in this fiscal on the back of continued28
Q1FY20revenue growthnanWe have revised our FY2020 revenue growth guidance to 8.5%-10% in constant currency terms.30

Claims reconciled to filings

QuarterMetricClaimedKindAnchorAnchor valueVerdictSource
Q3FY19revenue growth10.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190117_Infosys Ltd._Con p4
Q3FY19revenue growth33.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190117_Infosys Ltd._Con p4
Q3FY19operating margin22.6 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p4
Q3FY19operating margin22 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p5
Q3FY19operating margin22 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p5
Q3FY19revenue growth10.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190117_Infosys Ltd._Con p28
Q3FY19revenue growth33.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190117_Infosys Ltd._Con p29
Q3FY19operating margin22.6 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p29
Q3FY19revenue growth8.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190117_Infosys Ltd._Con p30
Q3FY19operating margin22 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p30
Q3FY19revenue growth2.7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190117_Infosys Ltd._Con p32
Q3FY19operating margin22.6 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p32
Q3FY19operating margin23.3 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p33
Q3FY19operating margin22 %ratioEBIT / core revenue0.2398CLOSE_WITHIN_10PCTDate_20190117_Infosys Ltd._Con p33
Q4FY19operating margin21 %ratioEBIT / core revenue0.2453ADJUSTED_MEASURE_NOT_STATUTORYDate_20190417_Infosys Ltd._Con p5
Q4FY19revenue growth7.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190417_Infosys Ltd._Con p5
Q4FY19revenue growth7.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190417_Infosys Ltd._Con p28
Q4FY19revenue growth2.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190417_Infosys Ltd._Con p31
Q4FY19revenue growth11.7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190417_Infosys Ltd._Con p31
Q4FY19operating margin21.5 %ratioEBIT / core revenue0.2453DIVERGESDate_20190417_Infosys Ltd._Con p32
Q4FY19operating margin22.8 %ratioEBIT / core revenue0.2453CLOSE_WITHIN_10PCTDate_20190417_Infosys Ltd._Con p33
Q4FY19operating margin21 %ratioEBIT / core revenue0.2453DIVERGESDate_20190417_Infosys Ltd._Con p33
Q1FY20operating margin20.5 %ratioEBIT / core revenue0.2388DIVERGESDate_20190718_Infosys Ltd._Con p4
Q1FY20operating margin21 %ratioEBIT / core revenue0.2388DIVERGESDate_20190718_Infosys Ltd._Con p4
Q1FY20operating margin20.5 %ratioEBIT / core revenue0.2388DIVERGESDate_20190718_Infosys Ltd._Con p5
Q1FY20revenue growth70 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190718_Infosys Ltd._Con p20
Q1FY20revenue growth41.9 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190718_Infosys Ltd._Con p27
Q1FY20operating margin20.5 %ratioEBIT / core revenue0.2388DIVERGESDate_20190718_Infosys Ltd._Con p27
Q1FY20revenue growth2.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190718_Infosys Ltd._Con p30
Q1FY20operating margin20.5 %ratioEBIT / core revenue0.2388DIVERGESDate_20190718_Infosys Ltd._Con p30
Q1FY20revenue growth8.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20190718_Infosys Ltd._Con p32
Q1FY20operating margin21 %ratioEBIT / core revenue0.2388DIVERGESDate_20190718_Infosys Ltd._Con p32
Q2FY20operating margin21.7 %ratioEBIT / core revenue0.2447DIVERGESDate_20191016_Infosys Ltd._Con p4
Q2FY20operating margin21.7 %ratioEBIT / core revenue0.2447DIVERGESDate_20191016_Infosys Ltd._Con p25
Q2FY20revenue growth8.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20191016_Infosys Ltd._Con p26
Q2FY20revenue growth31 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20191016_Infosys Ltd._Con p28
Q2FY20revenue growth3.3 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20191016_Infosys Ltd._Con p28
Q2FY20operating margin21.7 %ratioEBIT / core revenue0.2447DIVERGESDate_20191016_Infosys Ltd._Con p28
Q2FY20operating margin21.1 %ratioEBIT / core revenue0.2447DIVERGESDate_20191016_Infosys Ltd._Con p29
Q2FY20operating margin21 %ratioEBIT / core revenue0.2447DIVERGESDate_20191016_Infosys Ltd._Con p29
Q3FY20operating margin21.9 %ratioEBIT / core revenue0.2551ADJUSTED_MEASURE_NOT_STATUTORYDate_20200114_Infosys Ltd._Con p21
Q3FY20revenue growth10 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20200114_Infosys Ltd._Con p21
Q4FY20operating margin21.1 %ratioEBIT / core revenue0.2381DIVERGESDate_20200423_Infosys Ltd._Con p34
Q4FY20operating margin21.3 %ratioEBIT / core revenue0.2381DIVERGESDate_20200423_Infosys Ltd._Con p34
Q2FY21revenue growth2.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p4
Q2FY21revenue growth25.4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p4
Q2FY21operating margin25.4 %ratioEBIT / core revenue0.2767CLOSE_WITHIN_10PCTDate_20201019_Infosys Ltd._Con p4
Q2FY21revenue growth25 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p14
Q2FY21revenue growth2.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p27
Q2FY21revenue growth25.4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p27
Q2FY21operating margin25.4 %ratioEBIT / core revenue0.2767CLOSE_WITHIN_10PCTDate_20201019_Infosys Ltd._Con p27
Q2FY21revenue growth4.0 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p29
Q2FY21revenue growth4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20201019_Infosys Ltd._Con p31
Q2FY21operating margin24.1 %ratioEBIT / core revenue0.2767DIVERGESDate_20201019_Infosys Ltd._Con p32
Q3FY21revenue growth6.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210118_Infosys Ltd._Con p4
Q3FY21revenue growth31.3 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210118_Infosys Ltd._Con p4
Q3FY21operating margin25.4 %ratioEBIT / core revenue0.2777CLOSE_WITHIN_10PCTDate_20210118_Infosys Ltd._Con p4
Q3FY21revenue growth6.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210118_Infosys Ltd._Con p34
Q3FY21revenue growth31.3 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210118_Infosys Ltd._Con p34
Q3FY21operating margin25.4 %ratioEBIT / core revenue0.2777CLOSE_WITHIN_10PCTDate_20210118_Infosys Ltd._Con p34
Q3FY21revenue growth5.3 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210118_Infosys Ltd._Con p35
Q3FY21operating margin25.4 %ratioEBIT / core revenue0.2777CLOSE_WITHIN_10PCTDate_20210118_Infosys Ltd._Con p38
Q3FY21operating margin24.5 %ratioEBIT / core revenue0.2777DIVERGESDate_20210118_Infosys Ltd._Con p39
Q3FY21operating margin24.0 %ratioEBIT / core revenue0.2777DIVERGESDate_20210118_Infosys Ltd._Con p39
Q1FY22operating margin23.7 %ratioEBIT / core revenue0.259CLOSE_WITHIN_10PCTDate_20210719_Infosys Ltd._Con p5
Q1FY22revenue growth12 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210719_Infosys Ltd._Con p5
Q1FY22operating margin22 %ratioEBIT / core revenue0.259DIVERGESDate_20210719_Infosys Ltd._Con p5
Q1FY22revenue growth2.9 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210719_Infosys Ltd._Con p6
Q1FY22operating margin23.7 %ratioEBIT / core revenue0.259CLOSE_WITHIN_10PCTDate_20210719_Infosys Ltd._Con p34
Q1FY22operating margin22 %ratioEBIT / core revenue0.259DIVERGESDate_20210719_Infosys Ltd._Con p35
Q1FY22revenue growth53.9 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210719_Infosys Ltd._Con p37
Q1FY22revenue growth16.9 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210719_Infosys Ltd._Con p38
Q1FY22operating margin23.7 %ratioEBIT / core revenue0.259CLOSE_WITHIN_10PCTDate_20210719_Infosys Ltd._Con p38
Q1FY22revenue growth14 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20210719_Infosys Ltd._Con p39
Q3FY22operating margin23.5 %ratioEBIT / core revenue0.2509CLOSE_WITHIN_10PCTDate_20220117_Infosys Ltd._Con p4
Q3FY22revenue growth16.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd._Con p5
Q3FY22operating margin22 %ratioEBIT / core revenue0.2509DIVERGESDate_20220117_Infosys Ltd._Con p5
Q3FY22revenue growth7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd._Con p10
Q3FY22revenue growth40 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd._Con p23
Q3FY22operating margin23.5 %ratioEBIT / core revenue0.2509CLOSE_WITHIN_10PCTDate_20220117_Infosys Ltd._Con p30
Q3FY22operating margin23.5 %ratioEBIT / core revenue0.2509CLOSE_WITHIN_10PCTDate_20220117_Infosys Ltd._Con p30
Q3FY22revenue growth16.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd._Con p32
Q3FY22operating margin22 %ratioEBIT / core revenue0.2509DIVERGESDate_20220117_Infosys Ltd._Con p32
Q3FY22operating margin23.5 %ratioEBIT / core revenue0.2509CLOSE_WITHIN_10PCTDate_20220117_Infosys Ltd_Conc p4
Q3FY22revenue growth16.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd_Conc p5
Q3FY22operating margin22 %ratioEBIT / core revenue0.2509DIVERGESDate_20220117_Infosys Ltd_Conc p5
Q3FY22revenue growth7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd_Conc p10
Q3FY22revenue growth40 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd_Conc p23
Q3FY22operating margin23.5 %ratioEBIT / core revenue0.2509CLOSE_WITHIN_10PCTDate_20220117_Infosys Ltd_Conc p30
Q3FY22operating margin23.5 %ratioEBIT / core revenue0.2509CLOSE_WITHIN_10PCTDate_20220117_Infosys Ltd_Conc p30
Q3FY22revenue growth16.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220117_Infosys Ltd_Conc p32
Q3FY22operating margin22 %ratioEBIT / core revenue0.2509DIVERGESDate_20220117_Infosys Ltd_Conc p32
Q4FY22operating margin23.0 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd._Con p5
Q4FY22revenue growth20.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220419_Infosys Ltd._Con p5
Q4FY22operating margin21 %ratioEBIT / core revenue0.2353DIVERGESDate_20220419_Infosys Ltd._Con p6
Q4FY22operating margin23.0 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd._Con p8
Q4FY22revenue growth20.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220419_Infosys Ltd._Con p9
Q4FY22operating margin21.3 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd._Con p17
Q4FY22operating margin23 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd._Con p33
Q4FY22revenue growth20.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220419_Infosys Ltd._Con p33
Q4FY22operating margin21 %ratioEBIT / core revenue0.2353DIVERGESDate_20220419_Infosys Ltd._Con p34
Q4FY22operating margin23.0 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd_Conc p5
Q4FY22revenue growth20.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220419_Infosys Ltd_Conc p5
Q4FY22operating margin21 %ratioEBIT / core revenue0.2353DIVERGESDate_20220419_Infosys Ltd_Conc p6
Q4FY22operating margin23.0 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd_Conc p8
Q4FY22revenue growth20.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220419_Infosys Ltd_Conc p9
Q4FY22operating margin21.3 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd_Conc p17
Q4FY22operating margin23 %ratioEBIT / core revenue0.2353CLOSE_WITHIN_10PCTDate_20220419_Infosys Ltd_Conc p33
Q4FY22revenue growth20.6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220419_Infosys Ltd_Conc p33
Q4FY22operating margin21 %ratioEBIT / core revenue0.2353DIVERGESDate_20220419_Infosys Ltd_Conc p34
Q1FY23revenue growth37.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd._Con p4
Q1FY23operating margin20 %ratioEBIT / core revenue0.2202CLOSE_WITHIN_10PCTDate_20220728_Infosys Ltd._Con p4
Q1FY23revenue growth13 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd._Con p5
Q1FY23revenue growth37.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd._Con p26
Q1FY23operating margin20 %ratioEBIT / core revenue0.2202CLOSE_WITHIN_10PCTDate_20220728_Infosys Ltd._Con p27
Q1FY23revenue growth13 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd._Con p27
Q1FY23revenue growth5.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd._Con p28
Q1FY23revenue growth37.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd._Con p28
Q1FY23operating margin21 %ratioEBIT / core revenue0.2202CLOSE_WITHIN_10PCTDate_20220728_Infosys Ltd._Con p30
Q1FY23revenue growth37.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd_Conc p4
Q1FY23operating margin20 %ratioEBIT / core revenue0.2202CLOSE_WITHIN_10PCTDate_20220728_Infosys Ltd_Conc p4
Q1FY23revenue growth13 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd_Conc p5
Q1FY23revenue growth37.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd_Conc p26
Q1FY23operating margin20 %ratioEBIT / core revenue0.2202CLOSE_WITHIN_10PCTDate_20220728_Infosys Ltd_Conc p27
Q1FY23revenue growth13 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd_Conc p27
Q1FY23revenue growth5.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd_Conc p28
Q1FY23revenue growth37.5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20220728_Infosys Ltd_Conc p28
Q1FY23operating margin21 %ratioEBIT / core revenue0.2202CLOSE_WITHIN_10PCTDate_20220728_Infosys Ltd_Conc p30
Q2FY23revenue growth31.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd._Con p4
Q2FY23revenue growth31.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd._Con p25
Q2FY23operating margin21.5 %ratioEBIT / core revenue0.2315CLOSE_WITHIN_10PCTDate_20221017_Infosys Ltd._Con p25
Q2FY23revenue growth18.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd._Con p27
Q2FY23revenue growth31.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd._Con p27
Q2FY23revenue growth20.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd._Con p27
Q2FY23operating margin21.5 %ratioEBIT / core revenue0.2315CLOSE_WITHIN_10PCTDate_20221017_Infosys Ltd._Con p27
Q2FY23revenue growth49 mnmoneynot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd._Con p33
Q2FY23revenue growth31.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd_Conc p4
Q2FY23revenue growth31.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd_Conc p25
Q2FY23operating margin21.5 %ratioEBIT / core revenue0.2315CLOSE_WITHIN_10PCTDate_20221017_Infosys Ltd_Conc p25
Q2FY23revenue growth18.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd_Conc p27
Q2FY23revenue growth31.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd_Conc p27
Q2FY23revenue growth20.1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd_Conc p27
Q2FY23operating margin21.5 %ratioEBIT / core revenue0.2315CLOSE_WITHIN_10PCTDate_20221017_Infosys Ltd_Conc p27
Q2FY23revenue growth49 mnmoneynot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221017_Infosys Ltd_Conc p33
Q3FY23revenue growth22 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p5
Q3FY23revenue growth2.4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p5
Q3FY23operating margin21.5 %ratioEBIT / core revenue0.2352CLOSE_WITHIN_10PCTDate_20230117_Infosys Ltd._Con p5
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd._Con p5
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd._Con p6
Q3FY23revenue growth13.7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p6
Q3FY23revenue growth21.7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p6
Q3FY23revenue growth17.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p7
Q3FY23operating margin21.0 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd._Con p7
Q3FY23operating margin21.5 %ratioEBIT / core revenue0.2352CLOSE_WITHIN_10PCTDate_20230117_Infosys Ltd._Con p7
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd._Con p9
Q3FY23revenue growth22 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p31
Q3FY23revenue growth2.4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd._Con p31
Q3FY23operating margin21.5 %ratioEBIT / core revenue0.2352CLOSE_WITHIN_10PCTDate_20230117_Infosys Ltd._Con p31
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd._Con p32
Q3FY23revenue growth22 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p5
Q3FY23revenue growth2.4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p5
Q3FY23operating margin21.5 %ratioEBIT / core revenue0.2352CLOSE_WITHIN_10PCTDate_20230117_Infosys Ltd_Conc p5
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd_Conc p5
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd_Conc p6
Q3FY23revenue growth13.7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p6
Q3FY23revenue growth21.7 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p6
Q3FY23revenue growth17.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p7
Q3FY23operating margin21.0 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd_Conc p7
Q3FY23operating margin21.5 %ratioEBIT / core revenue0.2352CLOSE_WITHIN_10PCTDate_20230117_Infosys Ltd_Conc p7
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd_Conc p9
Q3FY23revenue growth22 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p31
Q3FY23revenue growth2.4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230117_Infosys Ltd_Conc p31
Q3FY23operating margin21.5 %ratioEBIT / core revenue0.2352CLOSE_WITHIN_10PCTDate_20230117_Infosys Ltd_Conc p31
Q3FY23operating margin21 %ratioEBIT / core revenue0.2352DIVERGESDate_20230117_Infosys Ltd_Conc p32
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd._Con p4
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd._Con p5
Q4FY23revenue growth1.9 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230418_Infosys Ltd._Con p27
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd._Con p28
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd._Con p28
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd._Con p29
Q4FY23revenue growth8.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230418_Infosys Ltd._Con p30
Q4FY23operating margin20 %ratioEBIT / core revenue0.2283DIVERGESDate_20230418_Infosys Ltd._Con p32
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd_Conc p4
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd_Conc p5
Q4FY23revenue growth1.9 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230418_Infosys Ltd_Conc p27
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd_Conc p28
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd_Conc p28
Q4FY23operating margin21 %ratioEBIT / core revenue0.2283CLOSE_WITHIN_10PCTDate_20230418_Infosys Ltd_Conc p29
Q4FY23revenue growth8.8 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230418_Infosys Ltd_Conc p30
Q4FY23operating margin20 %ratioEBIT / core revenue0.2283DIVERGESDate_20230418_Infosys Ltd_Conc p32
Q1FY24operating margin20.8 %ratioEBIT / core revenue0.2228CLOSE_WITHIN_10PCTDate_20230725_Infosys Ltd._Con p3
Q1FY24revenue growth1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230725_Infosys Ltd._Con p3
Q1FY24operating margin20.8 %ratioEBIT / core revenue0.2228CLOSE_WITHIN_10PCTDate_20230725_Infosys Ltd._Con p5
Q1FY24revenue growth1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230725_Infosys Ltd._Con p6
Q1FY24operating margin20.8 %ratioEBIT / core revenue0.2228CLOSE_WITHIN_10PCTDate_20230725_Infosys Ltd._Con p15
Q1FY24revenue growth1.0 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230725_Infosys Ltd._Con p16
Q1FY24revenue growth4.2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230725_Infosys Ltd._Con p17
Q1FY24revenue growth1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230725_Infosys Ltd._Con p17
Q1FY24operating margin20.8 %ratioEBIT / core revenue0.2228CLOSE_WITHIN_10PCTDate_20230725_Infosys Ltd._Con p17
Q1FY24operating margin20.8 %ratioEBIT / core revenue0.2228CLOSE_WITHIN_10PCTDate_20230725_Infosys Ltd_Conc p3
Provenance
Value as filed
Element
Context
Period
Scope
Consolidated
Decimals
Source file
SHA-256