Infosys trims FY27 guidance, Q1 y-o-y revenue up 2.8% to $5 billion

Infosys trimmed its FY27 constant currency revenue growth guidance to 1.5%-3% from 1.5%-3.5% due to macroeconomic uncertainty.

Infosys reported Q1 FY27 revenue of just over $5 billion, up 2.8% year-on-year and 0.8% sequentially in reported terms.

Operating margin for the quarter was 21.1%, up 20 basis points sequentially and 30 basis points year-on-year.

Infosys signed large deals worth $3.6 billion in Q1, with 61% net new business and six vendor consolidation deals.

Infosys CEO Salil Parekh cited one-time client impact and volume-related factors as reasons for the revised guidance.