Infosys Results: Strong Q3 Performance with Sequential Revenue Growth of 0.6 per cent in CC, Large Deal Wins of USD 4.8 Billion

Infosys delivered a solid financial performance for the third quarter ended December 31, 2025, recording revenues of USD 5,099 million. This represents a sequential growth of 0.6 per cent and a year-on-year increase of 1.7 per cent in constant currency terms. In Rupee terms, the company reported revenues of Rs 45,479 crore, marking an 8.9 per cent growth compared to the previous year. This steady expansion was supported by a notable increase in headcount, which rose by 5,043 during the quarter, reflecting the company’s continued investment in human capital to meet evolving market demands.

The company’s operational efficiency remained high, with an adjusted operating margin of 21.2 per cent, a sequential increase of 0.2 per cent. On a reported IFRS basis, the operating margin stood at 18.4 per cent, while the adjusted free cash flow generation reached a robust USD 965 million, representing 112.8 per cent of adjusted net profit. Earnings per share (EPS) also saw a significant boost, with the adjusted YTD EPS increasing by 11.5 per cent in Rupee terms. Based on this performance and the current market outlook, Infosys has revised its revenue growth guidance for FY26 to 3.0 per cent–3.5 per cent in constant currency, while maintaining an operating margin guidance of 20 per cent–22 per cent.

A key highlight of the quarter was the exceptionally strong deal pipeline, with the Total Contract Value (TCV) of large deal wins reaching USD 4.8 billion. Notably, net new deals accounted for 57 per cent of this total, underscoring the company’s ability to capture fresh market opportunities despite a complex global environment. Significant strategic collaborations were established or extended with major global entities, including Metro Bank, the NHS Business Services Authority, Telenor Shared Services, and Barry Callebaut. These engagements span finance transformation, HR modernisation, and large-scale digital initiatives powered by SAP S/4HANA and Oracle Cloud.

Infosys continues to position itself at the forefront of the artificial intelligence revolution through its "AI-first" strategy. The quarter saw the launch of Infosys Topaz Fabric™, a purpose-built agentic services suite designed to unify infrastructure, data, and workflows into a composable, AI-ready ecosystem. Additionally, the company unveiled its AI-first Global Capability Centre (GCC) model, aimed at transforming traditional centres into innovation hubs. This technological leadership has been validated by numerous. industry analysts, including leadership recognitions in AI technical services, GenAI, and data analytics from firms like Forrester, Everest Group, and NelsonHall.

Beyond financial and technical achievements, Infosys was widely recognised for its corporate excellence and commitment to inclusivity. The company earned a Silver Employer status in the India Workplace Equality Index 2025 and was named among the most inclusive organisations for women in tech. Across its diverse service portfolio—from supply chain and manufacturing to banking and life sciences—Infosys maintained its status as a market leader in multiple vendor assesSMEnts. These accolades, combined with the strong quarterly numbers, reinforce the company's trajectory as it heads into the final quarter of the fiscal year.

About the Company

As a global leader in next-generation digital services and consulting, Infosys leverages over four decades of experience to steer enterprises across 63 countries through complex digital transformations. With a dedicated workforce of over 330,000 professionals, the company is committed to amplifying human potential by utilising an AI-first core and cloud-powered solutions to drive agile, large-scale digital evolution. By fostering an innovation ecosystem rooted in continuous, always-on learning and the seamless transfer of digital expertise, Infosys empowers businesses to achieve sustained improvement while maintaining a steadfast commitment to environmental sustainability, robust governance, and a diverse, inclusive workplace where global talent can thrive.

The company maintains a formidable market presence with a capitalisation exceeding Rs 7,00,000 crore. Its institutional stability is further underscored by the Life Insurance Corporation of India (LIC), which holds a significant 11.09 per cent stake as of December 2025. Financially, the firm demonstrates exceptional efficiency and shareholder commitment, boasting a Return on Equity (ROE) of 29 per cent and a Return on Capital Employed (ROCE) of 38 per cent, alongside a consistent dividend payout ratio of 66 per cent. While the stock is currently trading 15.7 per cent below its all-time high of Rs 2,006.80, its long-term performance remains extraordinary, having delivered a staggering 1,681 per cent return since its initial public offering at Rs 95 in February 1993.

Disclaimer: The article is for informational purposes only and not investment advice.