Infosys share price falls nearly 2% ahead of Q1 results announcement: 5 key things to expect

Infosys Q1 FY27 Preview

Infosys is scheduled to announce its Q1 FY27 results later in the day. Here are the five key things investors will be watching:

Revenue Growth

• Revenue (USD) is expected at USD 5,065 million, up 0.5 per cent QoQ from USD 5,040 million.
• Revenue (Rs) is seen at Rs 48,318 crore, up 4.13 per cent QoQ from Rs 46,402 crore.
• Constant currency (CC) revenue growth is expected in the 0.9-1 per cent organic growth band, compared with a 1.3 per cent decline in Q4 FY26.
• Including Optimum Healthcare, CC revenue growth is expected in the 1.5-2 per cent range.

FY27 Revenue Guidance

Kotak expects Infosys to revise the growth guidance upward by 50 basis points to 2-3.5 per cent, from 1-3.5 per cent. While Motilal Oswal sees that the company will lower the upper end of its guidance to 1-3 per cent CC.

Large Deal Wins

Large deal total contract value (TCV) is expected to be in the USD 3 billion - USD 3.5 billion range, compared with USD 3.8 billion in Q1 FY26.

Margin Outlook

• EBIT is estimated at Rs 9,677 crore, down 0.68 per cent QoQ from Rs 9,743 crore.
• EBIT margin is expected at 20.03 per cent, compared with 21 per cent in the previous quarter, which means that the margins are expected to remain stable.
• Investors will also watch for management's commentary on the FY27 EBIT margin guidance, which currently stands at 20-22 per cent.

Management Commentary

Key commentary will be tracked on:

• BFSI segment, which is expected to remain resilient.
• Telecom and Manufacturing, which are expected to remain weak.
• Impact of macro conditions and AI deflation on growth.