Infosys Ltd - ADR

Financial Performance and Growth: Infosys reported a revenue growth of 4.2% in constant currency terms for FY '25 and 3.9% in reported terms. In Q4, the year-on-year growth was 4.8%. However, there was a sequential decline of 3.5% due to reduced third-party costs and seasonal weakness.

Operating Margins: The operating margin for FY '25 improved by 50 basis points to 21.1% despite several headwinds such as salary hikes and acquisition costs. For FY '26, the company anticipates margins to range between 20% and 22%.

Guidance for FY '26: Infosys offers a cautious growth forecast for FY '26, guiding for revenue growth of 0% to 3% in constant currency. This conservative outlook reflects uncertainty in the macroeconomic environment, characterized by geopolitical tensions and tariff implications.