Infosys, India’s second-largest IT services company, raised its revenue growth guidance for financial year 2027 to 7-9% in constant currency terms after posting stronger-than-expected fourth-quarter results, and announced plans to hire 15,000 fresh graduates to support expansion in artificial intelligence and cloud services.
The Bengaluru-based company reported a 14.3% year-on-year rise in consolidated net profit to ₹8,143 crore for the March 2026 quarter, comfortably ahead of the ₹7,700 crore consensus estimate. Revenue in constant currency grew 7.1%, the best quarterly performance in 18 months.
CEO Salil Parekh attributed the rebound to a surge in ‘AI-first’ projects, where Infosys deploys its Topaz AI platform alongside client data and workflows. The company now has 540 active AI and generative AI projects, up from 150 a year ago, with an AI-related revenue run rate of $3.2 billion.
Total contract value (TCV) of large deal wins was $5.14 billion—the highest in three years—with major wins in financial services (HSBC, Deutsche Bank), retail (Walmart International), and healthcare. The US market, which accounts for 60% of revenue, grew 8.9% year-on-year after two soft years.
The company’s headcount rose for the first time in seven quarters to 320,408 employees, ending a phase of right-sizing. The 15,000 freshers will primarily be trained as AI engineers and data scientists, reflecting the shift in skill demand across the industry.
Infosys also announced a buyback of up to ₹10,000 crore at ₹1,900 per share, boosting shareholder confidence. The stock rose 7.8% on the results day—its best single-day gain in two years.
