Infosys Limited disclosed a consolidated net profit of Rs 7,775 crore for the initial quarter of FY27, marking an 8.6% decline from the previous quarter’s Rs 8,509 crore. However, the IT giant, headquartered in Bengaluru, saw a 12.3% profit surge year-on-year, reaching Rs 6,921 crore in the corresponding quarter of the prior fiscal year (Q1 FY26), as per an exchange filing. Revenue from operations climbed to Rs 48,211 crore in the April-June period, representing a 14% increase compared to Rs 42,279 crore in the same quarter last year.
On a sequential basis, revenue witnessed a 3.9% growth, rising from Rs 46,402 crore reported in the March quarter. The company’s total expenses escalated to Rs 38,157 crore in the reviewed quarter from Rs 33,581 crore a year earlier, according to its regulatory filing. Infosys shares closed slightly lower at Rs 1,052.90 on the National Stock Exchange (NSE), down Rs 0.80 or 0.08%, before the earnings announcement post-market hours.
In a significant move, Infosys announced a key leadership transition. Nandan Nilekani, Chairman of Infosys, revealed the appointment of Ashiss Kumar Dash as CEO Designate, praising his ability to lead bold transformations while upholding the company’s values and customer trust. Nilekani expressed gratitude to Salil Parekh, the Managing Director and CEO, for his leadership spanning nine years, acknowledging his role in fortifying Infosys’ market presence, enhancing its capabilities, creating substantial shareholder value, and establishing the groundwork for an innovative artificial intelligence strategy.
Parekh, in response, expressed his pride in steering Infosys during a period where the company doubled its annual revenue from $10 billion to over $20 billion. He highlighted Infosys’ emergence as a digital transformation frontrunner and the formulation of a distinctive AI strategy under his tenure.
