Brokerages back Infosys on guidance, deals
Infosys’ October–December quarter numbers drew a measured endorsement from brokerages, which focused on the upgraded revenue guidance for FY26, a strong large-deal pipeline and broad-based sequential growth, even as a one-time labour code charge weighed on net profit.
Revenue rose 0.6% quarter-on-quarter in constant currency to $5.1 billion, beating expectations of flat growth in what is typically a seasonally weak quarter. In rupee terms, revenue came in at Rs 45,479 crore, up 2.2% sequentially. Adjusted operating margins were steady at 21.2%,
