Infosys' board has appointed Ashiss Kumar Dash as CEO designate, effective April 1, 2027. Dash, currently EVP & Global Head - Services, Utilities, Resources, Energy & Enterprise Sustainability, will succeed Salil Parekh after his second term concludes.
The Indian government has addressed concerns regarding the income tax e-filing portal's performance, stating it has largely remained stable despite a sharp rise in usage. Minister Pankaj Chaudhary confirmed that Infosys, the managed service provider, has faced contractual penalties for project delays, lower service performance, and application outages.
Vishal Sikka, former Infosys CEO, launches Hang Ten Systems, raising $32M seed funding for its AI-driven enterprise software services. The startup aims to automate IT tasks traditionally done by human services firms, with early customers including Siemens Gamesa and Fresenius.
Infosys chairman Nandan Nilekani stated the company sees a $300-$400 billion opportunity in AI-led services by 2030, emphasizing AI will amplify, not diminish, IT services firms. AI is accelerating demand for modernization and technical debt retirement, with Infosys collaborating on AI initiatives with 90% of its top 200 clients.
Indian IT stocks plummeted Friday, losing Rs 1.35 lakh crore in market value after Accenture's weaker-than-expected outlook fueled fears of AI disruption. Infosys led the decline with an 8% drop, as investors worry about generative AI's impact on traditional IT services.
Infosys, TCS, and Wipro have collectively deployed over 300,000 Microsoft 365 Copilot licenses, marking a significant enterprise AI rollout for Microsoft. This rapid adoption signals a shift towards AI as an operating model, with India leading AI momentum in Asia.
Infosys Chairman Nandan Nilekani is entering a critical phase focused on preparing the IT giant for a future beyond its founders and an AI-led world. With shareholders expected to approve his next term, Nilekani aims to build a professional model that outlives founders, emphasizing the importance of a successful succession plan.
Mirae Asset ShareKhan's Somil Mehta recommends Infosys as a top buy (target Rs 1270) and DLF and Cholamandalam Investment as sells. Technical analysis supports these recommendations.
Infosys CEO Salil Parekh believes AI will reshape India's IT pyramid model, creating more opportunities than job losses. The company is adapting hiring and training to integrate AI, seeing a $300 billion market. While the shift to a specialized talent structure will be gradual, Infosys is encouraging AI token usage to drive client growth and efficiency.
Infosys announces a permanent 20-acre campus in Visakhapatnam, Andhra Pradesh, with capacity for 7,000 professionals. The IT services company has grown from 250 to 1,900 employees in two years, recruiting over 1,000 freshers and 500 lateral hires from the region, reflecting confidence in the local talent ecosystem.
Infosys CEO Salil Parekh anticipates AI will transform India's four-decade-old IT talent pyramid model, creating new opportunities while requiring more specialized skills. The IT major sees a $300 billion addressable market for AI services and is adapting its hiring and training to integrate AI tools, having recruited 20,000 college graduates last year with similar plans for this year. Parekh emphasized that while large-scale structural changes will take time, the company is focusing on client outcomes rather than intermediate measures like token usage.
Infosys slipped out of India's top 10 most valued companies on Monday, closing with a market capitalisation of just over Rs 4.7 lakh crore, ranking 11th behind LIC. TCS, once the second-most valued company, now ranks sixth with a market cap of Rs 8.9 lakh crore. The shifts are driven by AI-led disruptions challenging business models of India's software exporting majors, as IT stocks witnessed sharp sell-offs while the Sensex closed 639 points up at 77,304.
Infosys has dropped out of India’s top 10 most valued companies after losing over Rs 2 lakh crore in market capitalisation, with the stock down ~30% year-to-date to around Rs 4.9 lakh crore. Despite solid Q4 results with 13% YoY revenue growth to Rs 46,402 crore and net profit of Rs 8,501 crore, the company’s FY27 outlook of 1.5-3.5% constant currency growth disappointed investors. Analysts cite weak discretionary spending, AI-led pricing pressure being passed to clients, and uneven demand across sectors as key challenges, though deal wins remain strong at $14.9 billion for FY26.
Indian equity markets fell by 1% as geopolitical tensions between the US and Iran triggered an oil price rally. Investor sentiment was further dampened by disappointing Q4 earnings from Infosys and sustained selling by foreign institutional investors.
Infosys reported a 21% year-on-year increase in net profit to Rs 8,501 crore for the quarter ended March 31, 2026, with revenue up 13.4%. Despite beating expectations, the company's stock fell, and brokerages issued mixed outlooks citing concerns over future growth guidance and deal wins.
Infosys has approved equity-based compensation worth Rs 51.75 crore for CEO Salil Parekh, including Rs 34.75 crore under annual performance plan, Rs 2 crore linked to ESG targets, Rs 5 crore tied to TSR, and Rs 10 crore under 2019 stock ownership plan. The IT major reported a 20.8% rise in Q4 FY26 net profit to Rs 8,501 crore, with revenue increasing 13.4% to Rs 46,402 crore. Shares closed 2.9% lower at Rs 1,231.80.
Infosys reported a 20.8% rise in consolidated net profit to Rs 8,501 crore for Q4 FY26, with revenue from operations increasing 13.4% to Rs 46,402 crore. The company's total employee count stood at 3,28,594 at the end of March. CFO Jayesh Sanghrajka announced plans to hire 20,000 freshers in FY27.
OpenAI partners with Infosys to integrate Codex coding assistant into its Topaz AI platform, helping clients modernize software development and automate workflows. The deal gives OpenAI distribution to enterprises through Infosys' global client base across 60+ countries. Infosys shares have fallen over 22% this year amid concerns about AI automation and macroeconomic turmoil.
Infosys board is set to discuss leadership transition with CEO Salil Parekh (61) expected to receive a two-year extension beyond his March 2027 term end due to superannuation norms. The normal retirement age at Infosys is 60. The extension aims to ensure smooth succession planning and avoid management upheaval similar to previous CEO changes. Under Parekh's leadership since January 2018, Infosys' market cap has surged to Rs 5.44 lakh crore from Rs 520 to Rs 1,314.50 per share. The company faces AI-spawned disruptions that have reduced valuations by over 25% from peaks.
