Infosys Limited announced its audited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. The company reported Q3 revenues of $5,099 million, a year-on-year growth of 1.7% and sequential growth of 0.6% in constant currency. Reported IFRS operating margin stood at 18.4%, while adjusted operating margin increased to 21.2% sequentially. Free cash flow generation was robust at $915 million, with adjusted free cash flow at $965 million. The total contract value (TCV) of large deal wins was $4.8 billion, with 57% of this being net new business. Headcount increased by 5,043 employees.

For the nine months ended December 31, 2025, revenues in constant currency grew by 2.8% year-on-year. Reported IFRS operating margin for the YTD period was 20.0%, with an adjusted operating margin of 21.0%.

Salil Parekh, CEO and MD, highlighted the company's strong Q3 performance, attributing it to differentiated value propositions in enterprise AI through Infosys Topaz, which is driving market share. He emphasized the company's role as an AI partner and its commitment to reskilling employees for an AI-augmented world.

The company provided guidance for FY26, projecting revenue growth of 3.0%-3.5% in constant currency and an operating margin of 20%-22%. This guidance excludes an adjustment of ₹1,289 crore related to Labour Codes.

In addition to financial results, the Board approved the grant of annual time-based stock incentives in the form of Restricted Stock Units (RSUs) to Salil Parekh, CEO & MD, with a market value of ₹3 crore as of the grant date. The RSUs will be granted effective February 1, 2026. The company also allotted 6,914 equity shares pursuant to the exercise of RSUs by eligible employees, increasing the issued and subscribed share capital.

Jayesh Sanghrajka, CFO, noted the broad-based performance in Q3, including stellar large deal wins and robust adjusted free cash generation. He also mentioned the completion of the company's largest ever buyback of ₹18,000 crore and the payout of interim dividends.