Stockrabit · Analysts
Questions across 8 calls

Jonathan Lee

Guggenheim Partners

Infosys Limited

Updates Infosys Limited has informed the Exchange regarding 'Transcripts of the press conference and earnings call conducted after the Meeting ofBoard of directors on April 23, 2026'. · 2026-04-23
We are seeing percentage of net new deals come in at the lowest level we have seen in recent years. So, can you help us unpack whether that is a function of capability set or AI pressure impacting the External Document © 2026 Infosys Limited 16 demand environment or any other factor there? And can you walk us through what do you expect for a net new deals for the year given what you are seeing in your pipeline today? Yeah, so Jonathan, if you look at the combination of net new and the renewal, is what percentage of deals are coming in for renewal and what percentage of deals are in the pipeline from net perspective. For the full year if you look at, we did sign $15 bn of deals, 96 of them, pretty much 55% net new in that. So I think, by any stretch of imagination that is a strong performance. It is almost 28% growth on a year-on-year basis.
And as a follow-up, can you help us understand what transpired over the course of the quarter and how that may have tracked relative to your internal expectations? I am hoping to get a better understanding of when you may have started to see some of the outside deflationary impact or some of the down-tick in revenue realization or any other dynamics at play there?
Infosys Limited CC-Apr26.pdf · 2026-04-23
We are seeing percentage of net new deals come in at the lowest level we have seen in recent years. So, can you help us unpack whether that is a function of capability set or AI pressure impacting the External Document © 2026 Infosys Limited 16 demand environment or any other factor there? And can you walk us through what do you expect for a net new deals for the year given what you are seeing in your pipeline today? Yeah, so Jonathan, if you look at the combination of net new and the renewal, is what percentage of deals are coming in for renewal and what percentage of deals are in the pipeline from net perspective. For the full year if you look at, we did sign $15 bn of deals, 96 of them, pretty much 55% net new in that. So I think, by any stretch of imagination that is a strong performance. It is almost 28% growth on a year-on-year basis.
And as a follow-up, can you help us understand what transpired over the course of the quarter and how that may have tracked relative to your internal expectations? I am hoping to get a better understanding of when you may have started to see some of the outside deflationary impact or some of the down-tick in revenue realization or any other dynamics at play there?
Updates Infosys Limited has informed the Exchange regarding 'Earnings Call Transcript'. · 2025-10-16
Can you help us unpack the step down in utilizat ion despite the step-up of subcontractor usage? Where are the potential skill gaps or pyramid gaps that you are looking to fill by using your subcontractors?
Appreciate that color. And secondly, this may be the first time we have heard you mention forward- deployed engineers. Can you unpack how they compar e relative to the teams of forward-deployed engineers that software companies are scaling? Potentially how those pools of talent are competing and whether there are higher costs associated with your forward-deployed engineers versus your traditional engineer?
Infosys Limited CC-Sep25.pdf · 2025-10-16
Can you help us unpack the step down in utilizat ion despite the step-up of subcontractor usage? Where are the potential skill gaps or pyramid gaps that you are looking to fill by using your subcontractors?
Appreciate that color. And secondly, this may be the first time we have heard you mention forward- deployed engineers. Can you unpack how they compar e relative to the teams of forward-deployed engineers that software companies are scaling? Potentially how those pools of talent are competing and whether there are higher costs associated with your forward-deployed engineers versus your traditional engineer?
Updates Infosys Limited has informed the Exchange regarding 'Earnings Call Transcript'. · 2025-07-23
Great. Thanks for taking our questions. Just a clarification on what you had called out earlier in terms of what is contemplated in the range of outcomes. Is it fair to assume that the midpoint of your outlook contemplates a slight deterioration in demand environment?
Thank you for that color. And just as a follow up, can you help decompose what you saw in terms of client demand as you progressed from April thr ough June and whether any of those trends have continued into July?
Infosys Limited CC-Jul25.pdf · 2025-07-23
Great. Thanks for taking our questions. Just a clarification on what you had called out earlier in terms of what is contemplated in the range of outcomes. Is it fair to assume that the midpoint of your outlook contemplates a slight deterioration in demand environment?
Thank you for that color. And just as a follow up, can you help decompose what you saw in terms of client demand as you progressed from April thr ough June and whether any of those trends have continued into July?
Updates Infosys Limited has informed the Exchange regarding 'Earnings Call Transcript'. · 2025-01-16
Great, Happy New Year, thanks for taking our ques tions. Last quarter, you called out improvement in your smaller deal pipeline, but it does not sound like that continued into this quarter. What do you think is driving that difference, particularly give n some of the improvement you have called out in discretionary demand?
Appreciate that color. On the European BFSI front, can you help us unpack some of the strength you called out there? What is it that you are seeing in your conversations there? And how durable is that strength?
Infosys Limited CC-Dec24.pdf · 2025-01-16
Great, Happy New Year, thanks for taking our ques tions. Last quarter, you called out improvement in your smaller deal pipeline, but it does not sound like that continued into this quarter. What do you think is driving that difference, particularly give n some of the improvement you have called out in discretionary demand?
Appreciate that color. On the European BFSI front, can you help us unpack some of the strength you called out there? What is it that you are seeing in your conversations there? And how durable is that strength?