Whalesbook
Looking ahead, Infosys provided an outlook for fiscal year 2027, expecting revenue growth in the range of 1.5% to 3.5% in constant currency. The company anticipates its operating margin will stay strong, targeting 20% to 22%.
Performance Across Key Segments
Infosys saw varied results across its business segments. Revenue from communications and manufacturing segments increased significantly year-on-year, rising over 12.6% and 15.9% respectively. Financial services revenue also grew by nearly 5%, while energy, utilities, resources, and services saw an 8.3% increase. The Hi-Tech segment, however, experienced a slight decrease of about 1.5%.
Workforce Trends and Attrition
The company's voluntary attrition rate nudged up to 12.6% from 12.3% in the prior quarter. This rate is lower than the 14.1% recorded in the same period last year. Infosys' total employee count decreased by 8,440 employees compared to the previous quarter, ending March with 3,28,594 staff. This change may reflect shifts in hiring or project pipelines.