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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Infosys
Infosys (INFY) investor relations material
Infosys Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary23 Oct, 2026
Executive summary
Q2 revenue was $5.145B, up 1.5% YoY and 1.2% QoQ in constant currency; operating margin was 21%.
Large-deal TCV totaled $5.2B, 62% net new; AI revenue reached 10.5% of revenue and grew 29% QoQ.
FY27 revenue growth guidance was revised to 1%–2% in constant currency; operating-margin guidance remains 20%–22%.
Financial highlights
Q2 reported revenue was ₹49,244 crore, up 10.7% YoY; IFRS revenue was $5,145M, up 1.3% reported YoY.
IFRS operating profit was $1,079M, up 1.3% YoY; net profit was $817M, down 2.5%; basic EPS was ₹19.32, up 8.7%.
H1 revenue was ₹97,454 crore, up 12.3% reported YoY; operating margin was 21% and basic EPS was ₹38.51, up 11.7%.
Q2 free cash flow was $928M, with 113.3% net-profit conversion; H1 FCF was ₹17,949 crore, up 4.3% YoY.
Quarter-end cash and equivalents were $4.7B; the balance sheet was debt-free.
Outlook and guidance
FY27 revenue growth guidance was revised to 1%–2% YoY in constant currency; the lower end assumes further macro deterioration and the upper end an improved environment.
FY27 operating-margin guidance remains 20%–22%; H2 headwinds include compensation increases, weaker seasonality, AI productivity sharing and large-deal ramp-ups, partly offset by Project Maximus.
Financial services and EURS are expected to grow above the overall average; H2 has seasonally fewer working days.
A net-new seven-year mega deal is expected to contribute over 1% growth in FY28; transition is expected to begin in the second half of Q4.
Management expects organic growth to be in good shape next year, supported by AI growth, the mega deal and a healthy large-deal pipeline.
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Latest events from Infosys
- AI revenue rose 29% QoQ as $5.2B in large deals met a softer growth outlook.INFY
Q2 26/27 (Media) - Q1 revenue up 14% YoY to ₹48,211 crore, margin 21.1%, AI at 8.2%, guidance 1.5–3%.INFYQ1 26/27
- Q1 revenue up 2.4% YoY, operating margin 21.1%, AI at 8.2%, guidance cut, CEO succession.INFYQ1 26/27 (Media)
- Revenue hit $20.2B, AI services surged, and over INR 55,000 crore was returned to shareholders.INFYAGM 2026
- Strong FY25 growth, higher dividends, and strategic AI and cloud initiatives highlighted.INFYAGM 2025
- Q1 FY26 saw strong growth, resilient margins, and $3.8B in large deal wins; FY26 guidance is 1–3%.INFYQ1 25/26
- Q2 revenue up 3.3% YoY to $4.9B (₹40,986cr), 21.1% margin, ₹6,516cr net profit.INFYQ2 24/25
- FY26 guidance is 0%-3% growth and 20%-22% margin amid macro uncertainty.INFYQ4 24/25 (Media)
- Q3 FY25 saw revenue and profit rise, margin at 21.3%, and growth guidance set at 4.5%-5%.INFYQ3 24/25
Next Infosys earnings date
Q3 26/2713 Jan, 2027
Infosys
Next Infosys earnings date
Q3 26/2713 Jan, 2027
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Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It offers business information technology services comprising application development and management, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions; and business process management services.