Infosys Ltd, India’s second lead tech player, on Thursday (October 16, 2025) reported net profit of ₹7,364 crore for the September 30 ended quarter, a 13.2% year-on-year increase over ₹6,506 crore.

The IT firm’s total revenue for the quarter grew 8.6% YoY to ₹44,490 crore from ₹40,986 crore in the corresponding period a year ago.

The company’s revenue in constant currency grew by 2.2% quarter-on-quarter and 2.9% YoY. Its operating profit for Q2FY26 rose by 8.1% to ₹9,353 crore from ₹8,649 crore in the same period previous quarter.

The second quarter witnessed large deals worth $3.1 billion of which 67% was from net new clients.

Based on the global market visibility, the company reduced the range of revenue guidance for FY26 at 2% to 3% on a constant currency basis, as against 1% to 3%. It also guided for a revenue growth of 2%-3% in constant currency and operating margin of 20%-22%.

Salil Parekh, CEO and MD in his commentary said, “We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance.’‘

Jayesh Sanghrajka  CFO said the company had a robust all-round performance in Q2 with resilient margins, high cash generation and 13.1% EPS growth year on year in rupee terms.

“We continue to make strategic investments to futureproof the business with a tight focus on execution, amidst high uncertainty.’‘ Mr. Sanghrajka further said that Infosys has also announced a share buyback for ₹18,000 crore during the quarter and an interim dividend of ₹23 per share, an increase of 9.5% over last fiscal.

Addressing a media conference in Bengaluru, Mr. Parekh said, despite global environment and macro economic factors, the deal pipeline was robust. “The market environment is still uncertain. Some markets are seeing inflation and cost restrictions. Yet, financial services and manufacturing are doing good and retail is also seeing good traction. Also, there strong focus on deployment of AI across industry verticals and markets..”

Mr. Parekh also said global clients were focused on cost optimisation, consolidation and automation with the help of AI to improve efficiency. “This trend for AI is seen across verticals and geographies and therefore overall pipeline sentiments are good.’‘

The quarter witnessed a net addition of 8,203 people by the end of Q2FY26 the company had 3,31,991 people. The company had earlier said it would hire 15,000 to 20,000 freshers in FY26 and in the first half itself it hired 12,000 people.

On H-1B and nearshoring

Responding to several queries on Infosys’ H1-B visa requirement, Mr. Parekh said, the number of employees who require Infosys’ immigration certificate in the United States were only a “minority”.

“In our U.S workforce, the number of people who require Infosys’ sponsorships and immigration certificates are a minority. We are working without any disruptions in this market. The future will be guided by nearshore operations and localisations. We are working with clients in the last few weeks on these.” he clarified.

According to him, the company’s nearshore strategy has been a huge success, which involved centres in Canada, Mexico, Latin America or Europe. “We are quite confident that we will further scale up our nearshoring under the changed market scenario.’‘

On markets, Mr. Parekh also said, there are so many new markets opening, in different countries, also in Europe and the company was also seeing growth in U.S. markets.