Infosys Limited
- Open
- 10.44
- Day high
- 10.59
- Day low
- 10.42
- Prev close
- 10.49
- Volume
- 4.3M
- Mkt cap
- $42.4B
- P/E (TTM)
- 12.8
- EPS (TTM)
- $0.82
- P/B
- 4.3
- P/S
- 2.1
- Yield
- 4.57%
- Per share
- $0.48
- ▼Insiders net selling -$119.4M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
Infosys Limited (INFY) is a Technology company listed on NYSE. The stock is down 44% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering INFY.
Infosys Limited (INFY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
INFY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.20 | $0.23 | +15.0% | $5.0B | +1.0% |
| Jan 14, 2026 | $0.20 | $0.21 | +5.0% | $5.1B | +2.0% |
| Oct 16, 2025 | $0.20 | $0.20 | +0.0% | $5.1B | -0.6% |
| Jul 23, 2025 | $0.19 | $0.19 | +0.0% | $4.9B | -1.7% |
| Jan 16, 2025 | $0.19 | $0.19 | +0.0% | $4.9B | +1.5% |
| Oct 17, 2024 | $0.19 | $0.19 | +0.0% | $4.9B | +8392.5% |
| Jul 18, 2024 | $0.18 | $0.18 | +0.0% | $4.7B | +8385.2% |
| Apr 18, 2024 | $0.18 | $0.23 | +27.8% | $4.6B | -1.0% |
| Jan 11, 2024 | $0.18 | $0.18 | +0.0% | $4.7B | +0.2% |
| Oct 12, 2023 | $0.18 | $0.18 | +0.0% | $4.7B | +1.9% |
| Jul 20, 2023 | $0.18 | $0.17 | -5.6% | $4.6B | +0.5% |
| Apr 13, 2023 | $0.19 | $0.18 | -5.3% | $4.6B | -3.7% |
INFY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 28, 2026 | Sanghrajka Jayeshofficer: Chief Financial Officer | Sell | 5,191 | $1091.36 |
| May 26, 2026 | Mathew Shajiofficer: Chief Human Resources Officer | Sell | 740 | $1091.36 |
| May 26, 2026 | Sawhney Inderpreetofficer: Chief Legal Officer | Sell | 6,845 | $11.77 |
| May 26, 2026 | Sawhney Inderpreetofficer: Chief Legal Officer | Option | 4,880 | $0.10 |
| May 26, 2026 | Sawhney Inderpreetofficer: Chief Legal Officer | Option | 6,710 | $0.10 |
| May 15, 2026 | Parekh Salil S.director, officer: CEO & Managing Director | Option | 230,621 | $5.00 |
| May 15, 2026 | Parekh Salil S.director, officer: CEO & Managing Director | Option | 13,273 | $5.00 |
| May 15, 2026 | Parekh Salil S.director, officer: CEO & Managing Director | Sell | 95,800 | $1177.86 |
| May 7, 2026 | Mathew Shajiofficer: Chief Human Resources Officer | Grant | 1,830 | $5.00 |
| May 7, 2026 | Sawhney Inderpreetofficer: Chief Legal Officer | Grant | 4,880 | $0.10 |
| May 7, 2026 | Parekh Salil S.director, officer: CEO & Managing Director | Grant | 13,273 | $5.00 |
| May 7, 2026 | Parekh Salil S.director, officer: CEO & Managing Director | Grant | 230,621 | $5.00 |
| May 7, 2026 | Sanghrajka Jayeshofficer: Chief Financial Officer | Grant | 2,441 | $5.00 |
| May 7, 2026 | Parekh Salil S.director, officer: CEO & Managing Director | Grant | 43,138 | $5.00 |
| Jul 12, 2004 | Kaplan Elliot Mdirector | Grant | 5,000 | $4.26 |
Source: INFY SEC Form 4 filings, latest May 28, 2026. For informational purposes only — not investment advice.
See the full INFY insider & 13F page →Infosys Limited company profile
Overview
Infosys Limited (NYSE:INFY) is one of India's largest information technology services companies, founded in 1981 and headquartered in Bengaluru, India. The company went public on the New York Stock Exchange in 1999 and has grown to become a global leader in consulting, technology outsourcing, and digital transformation services. With over 317,000 employees worldwide, Infosys serves clients across North America, Europe, India, and other international markets, helping organizations navigate their digital transformation journeys while optimizing operational efficiency.
Business
Infosys operates in the information technology services industry, providing a comprehensive suite of digital and technology solutions to enterprise clients globally. The company's core business revolves around helping organizations modernize their technology infrastructure, automate business processes, and implement digital transformation initiatives. The company's primary offerings include consulting and technology services, where Infosys acts as a strategic partner to help clients design and implement technology solutions. This encompasses everything from initial strategy development to full-scale system implementation and ongoing support. Business process outsourcing represents another major segment, where Infosys takes over and manages specific business functions for clients, such as finance and accounting, human resources, or customer service operations. Digital transformation services have become increasingly important, including cloud migration, data analytics, artificial intelligence implementation, and cybersecurity solutions. The company has developed proprietary platforms and solutions, including Finacle (a core banking solution), Topaz (an AI-first platform using generative AI technologies), and various digital platforms like Infosys Equinox and Infosys Helix. Infosys also provides application development and maintenance services, helping clients build, update, and maintain their software applications. Additionally, the company offers specialized solutions for specific enterprise software platforms like Oracle, SAP, and Salesforce, helping clients implement and optimize these systems. The company serves diverse industry verticals including financial services (which represents a significant portion of revenue), manufacturing, retail, telecommunications, healthcare, energy and utilities, and the public sector. Digital services now account for approximately 63% of total revenue, reflecting the company's successful pivot toward higher-value digital transformation work.
Revenue model
Infosys generates revenue primarily through professional services contracts where clients pay for consulting, implementation, and ongoing support services. The company typically operates on a time-and-materials basis for many projects, charging clients based on the number of hours worked by Infosys professionals, or through fixed-price contracts where a predetermined fee is charged for delivering specific outcomes. A significant portion of revenue comes from long-term outsourcing contracts, where clients pay Infosys to manage entire business processes or technology functions over multi-year periods. These contracts provide more predictable revenue streams and often include both initial implementation fees and ongoing management fees. The company has been particularly successful in winning large deals (contracts worth over $50 million), which totaled $17.7 billion in fiscal 2024. Subscription-based revenue is generated from proprietary software platforms like Finacle, where clients pay licensing fees and ongoing support costs. The company also earns revenue from cloud services and managed services, where clients pay for ongoing infrastructure management and support. Factors that positively impact margins include higher utilization rates of employees, successful automation implementations that reduce manual work, favorable currency exchange rates (since much of the workforce is in India while revenue is often in stronger currencies like USD and EUR), and the ability to command premium pricing for specialized digital transformation services. The company's Project Maximus initiative focuses on margin expansion through pyramid optimization, reducing subcontractor dependency, and improving operational efficiency. Margin pressures come from wage inflation in India's competitive IT talent market, client demands for cost reductions, the need to invest in new technologies and training, and currency headwinds when the Indian rupee strengthens. Competition from other global IT services providers and the increasing commoditization of certain services also create pricing pressure.
Competitive moat
Infosys possesses a moderate competitive moat built primarily on scale advantages, client relationships, and specialized expertise, though this moat faces ongoing challenges from industry commoditization and emerging competition. The company's primary moat stems from deep, long-term client relationships developed over decades of service delivery. Many of Infosys's clients have complex, mission-critical systems that the company has helped build and maintain, creating significant switching costs. The expertise required to understand and modify these systems represents a form of institutional knowledge that competitors would find difficult to replicate quickly. Scale advantages provide another defensive element, as Infosys can deploy large teams globally, maintain training facilities, and invest in proprietary platforms and tools that smaller competitors cannot match. The company's ability to deliver end-to-end solutions across multiple technology domains and industry verticals creates value for clients seeking to consolidate vendors. Geographic arbitrage has historically been a key advantage, with Infosys leveraging lower-cost talent in India to deliver services to higher-wage markets. However, this advantage is eroding as wage inflation continues in India and clients increasingly demand local or near-shore delivery models. The company's investments in artificial intelligence and automation capabilities, particularly through its Topaz platform, represent an attempt to build new moats around proprietary technology and specialized expertise. However, these technologies are rapidly evolving, and maintaining a sustainable advantage requires continuous innovation and investment. The moat faces significant challenges from several directions. Cloud hyperscalers like Amazon, Microsoft, and Google are increasingly offering consulting and implementation services directly, potentially disintermediating traditional IT services providers. Boutique consulting firms and specialized technology companies often compete effectively for high-value digital transformation projects. Additionally, many large enterprises are building internal capabilities and reducing their dependence on external IT services providers. The industry's ongoing shift toward standardized cloud solutions and low-code/no-code platforms threatens to commoditize many traditional IT services, potentially weakening the moat over time.
Risks & safety
Infosys demonstrates a strong financial position with minimal solvency risk and conservative balance sheet management. Liquidity and Cash Position: 1. Cash and short-term investments of $3.2 billion provide substantial liquidity buffer 2. Strong free cash flow generation of $4.2 billion in FY 2024 (22% of revenue) 3. Current ratio of 2.25 indicates healthy short-term liquidity 4. No significant cash burn concerns given profitable operations Debt and Solvency: 1. Very low debt-to-equity ratio of 0.086, indicating minimal leverage 2. Strong balance sheet with $11.3 billion in current assets vs $5.0 billion in current liabilities 3. Total debt represents less than 9% of equity, providing significant financial flexibility Valuation Metrics: 1. Price-to-earnings ratio of 23.3x appears reasonable for a mature technology services company 2. EV/EBITDA of 14.4x suggests moderate valuation relative to cash generation 3. Price-to-book ratio of 6.7x reflects premium valuation but consistent with industry peers 4. Graham number analysis suggests stock may be fairly valued to slightly expensive Other Considerations: 1. Return on equity of 28% demonstrates efficient capital utilization 2. Consistent profitability and dividend payments indicate stable business model 3. Geographic and client diversification reduces concentration risk 4. Currency exposure creates some volatility but is partially hedged
Recent development
Over the past few years, Infosys has undergone significant strategic transformation focused on positioning itself as a leader in digital services and artificial intelligence. The company launched Project Maximus, a comprehensive margin improvement initiative built on five pillars: pyramid efficiency, automation, portfolio optimization, cost reduction, and value creation. This program aims to improve operational margins through better resource utilization and reduced dependency on subcontractors. The most significant strategic pivot has been the aggressive push into generative artificial intelligence through the development of Topaz, an AI-first platform that integrates generative AI technologies across the company's service offerings. Infosys has trained over 100,000 employees in generative AI and is working on more than 90 generative AI projects across software engineering, process optimization, and customer support. The company became the first IT services provider to achieve ISO 42001:2023 AI management certification, demonstrating its commitment to AI governance and implementation. The company has significantly expanded its large deal capabilities, consistently winning contracts worth over $50 million. In FY 2024, Infosys secured $17.7 billion in large deals across 90 contracts, with a focus on cost optimization and vendor consolidation projects as clients navigate economic uncertainty. This shift toward larger, longer-term contracts provides more predictable revenue streams and deeper client relationships. Digital transformation services now represent approximately 63% of total revenue, up from 59% in previous years, reflecting successful migration from traditional IT services to higher-value digital consulting and implementation work. The company has made strategic acquisitions in engineering services and continues to invest in cloud capabilities, data analytics, and cybersecurity solutions. Infosys has also focused on talent optimization, reducing employee attrition from over 20% to 12.6% through improved compensation, career development programs, and workplace flexibility. The company has increased utilization rates to 83.5% while maintaining service quality, contributing to margin improvement efforts.
INFY company profile · for informational purposes only — not investment advice.
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