IT services major Infosys Ltd on Friday reported 6% year-on-year (YoY) growth in its consolidated net profit at Rs 7,823 crore in the second quarter of FY27. The same stood at Rs 7,364 crore in the year-ago period.

5-3% given earlier. Revenue from operations in the reporting period increased 11% YoY to Rs 49,244 crore.

The company has also declared an interim dividend of Rs 26 per share and fixed November 3, 2026 as a record date for the same. Infosys cited a challenging demand environment as a reason for lowering its guidance.

The Bengaluru-based company retained its operating margin guidance of 20-22% for the full financial year. The results were broadly in line with Street expectations on revenue, although profit growth came below estimates.

An average of seven brokerages had projected an 11% rise in revenue and an 8% increase in net profit for the quarter. 7% from Rs 7,769 crore in the June quarter, while revenue increased 2% from Rs 48,211 crore.

2% sequentially. 2% quarter-on-quarter.

4% year-on-year to Rs 10,330 crore from Rs 9,353 crore. 1% in the June quarter.

Deal bookingsDespite the cautious revenue outlook, Infosys reported strong large deal bookings during the quarter. 2 billion, with new business accounting for 62% of the total.

The bookings included a mega deal valued at more than $2 billion." 2 billion, including a mega deal of over $2 billion, reinforcing our position as a trusted partner in the marketplace when clients embark on large and complex transformation programs," said Salil Parekh, CEO and MD of Infosys.

5% of its total revenue during the quarter. The company has been expanding its AI services business as clients seek automation, productivity improvements and technology-led transformation."

5% and grew 29% quarter-on-quarter. As enterprises move to AI adoption at scale, the strong growth in AI revenues is a recognition of our differentiated market positioning and client confidence," Parekh said.