New York, January 14, 2026, 13:51 EST — Regular session
Infosys’ U.S.-listed shares were up about 8.9% at $19.08 in early afternoon trade on Wednesday, after swinging between $17.51 and $19.43.
Infosys raised its fiscal 2026 revenue growth guidance to 3.0%-3.5% in constant currency, a metric that strips out exchange-rate swings, and kept its operating margin outlook at 20%-22%, it said in its quarterly statement. Revenue for the quarter ended Dec. 31 came in at $5.099 billion, while large deal wins total contract value was $4.8 billion; CEO Salil Parekh said the company’s enterprise AI work through Infosys Topaz was “consistently driving higher market share.” Infosys
The guidance lift lands in the middle of India’s IT earnings season, with investors searching for proof that big clients are starting to spend again on projects they put off last year. Tata Consultancy Services, the sector leader, said on Monday it saw AI-related demand and a rebound in North America after posting a modest quarterly revenue beat. Reuters
In India, Infosys reported third-quarter revenue of 454.79 billion rupees ($5.04 billion), beating estimates, while net profit fell 2.2% to 66.54 billion rupees after a one-time 12.89 billion rupee charge tied to India’s new labour codes, a Reuters report showed. Centrum Broking analyst Piyush Pandey said “certain tech spends can’t be postponed beyond a point,” calling the forecast revision a “positive surprise,” while Infosys said it is seeing clients fund AI work even as it does not break out AI revenue. Reuters
Bank of America lifted its price target on Infosys to $20.50 from $20.30 and kept a Buy rating, citing stronger growth in financial services and energy/utilities and what it described as better discretionary spending pipelines in those verticals.
But the near-term read is still messy. Deal signings can take time to turn into revenue, and a fresh pause in client budgets would hit utilisation and pricing fast, especially if costs creep up at the same time.
Infosys entered the results with its ADR down for four straight sessions; it closed at $17.52 on Tuesday and was still about 41.6% below a 52-week high of $30 hit in December, MarketWatch data showed.
Traders will also parse the size of the $4.8 billion large-deal tally. Total contract value is the headline size of contracts signed, not what shows up in quarterly revenue.
Next up, investors get another checkpoint on Friday: Wipro is due to report results on Jan. 16, offering another read on whether the spending thaw is spreading across India’s outsourcing giants. Business Standard
