Infosys ADS slides after FY27 growth outlook and Q4 sequential CC revenue dip
Infosys ADS fell as investors digested its FY27 outlook that guided constant-currency revenue growth of 1.5%–3.5% and operating margin of 20%–22%. The company reported Q4 revenue of $5.04 billion with a 1.3% sequential constant-currency decline and set a final dividend of ₹25 per share for FY26.
1. What’s moving the stock
Infosys’ U.S.-listed ADS (INFY) moved lower after the company published its fourth-quarter and full-year FY26 results along with its initial FY27 outlook. The key market focus was the FY27 guide of 1.5%–3.5% constant-currency revenue growth and 20%–22% operating margin, which investors viewed as conservative against a still-uncertain enterprise IT spending environment. (infosys.com)
2. The results snapshot investors are reacting to
Infosys reported Q4 revenue of $5.04 billion, up 6.6% year over year on a reported basis, but down 1.3% sequentially in constant currency. Q4 operating margin was 20.9%, while FY26 revenue totaled $20.158 billion with 3.1% constant-currency growth and a reported operating margin of 20.3% (21.0% adjusted). (infosys.com)
3. Capital return and deal momentum
The board recommended a final dividend of ₹25 per share for the financial year ended March 31, 2026, with shareholder approval slated for the June 23, 2026 AGM. The company also highlighted FY26 large-deal total contract value of $14.9 billion (55% net new) and free cash flow of $3.733 billion, but the stock’s focus remained on the growth outlook embedded in the FY27 guide. (infosys.com)