IT major Infosys reported better-than-expected revenue growth for the September quarter, while its margins were in line with Street estimates. The management raised its FY26 revenue growth guidance to 2–3 per cent from 1–3 per cent, excluding any contribution from the Tesla joint venture, and maintained its EBIT margin forecast at 20–22 per cent. The company reported total contract value (TCV) of 3.1 billion dollars, with 67 per cent net new deals. Despite this, a couple of brokerages remained 'neutral' on the stock.

Nuvama Institutional Equities said Infosys delivered decent growth on a high base in the first quarter, without the benefit of third-party contributions. “Deal wins were steady and the guidance upgrade was along expected lines, given the macro uncertainty,” it said. The broke

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