Infosys AI Revenue Rises 29% in Q2, FY27 Growth Guidance Cut
Infosys reported strong AI revenue growth of 29% quarter-on-quarter in its September quarter, now representing 10.5% of total company revenue. However, the IT services firm reduced its full-year FY27 revenue growth guidance to 1%-2% in constant currency from the previous 1.5%-3% range. The company secured $5.2 billion in large-deal total contract value with 62% classified as net new business, including a mega deal worth over $2 billion. Infosys is integrating AI engineering tools like Cognition's Devin AI into its operations and client work.
Key points
- AI revenue grew 29% QoQ and now represents 10.5% of total revenue
- Full-year revenue growth guidance cut to 1%-2% from prior 1.5%-3% range
- Secured $5.2bn in large deals including a $2bn+ mega deal; integrating AI engineering tools
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