Infosys Q1 results LIVE: Guidance cut likely for the IT major - Here's what brokerages expect?

Infosys Q1 Results LIVE: Infosys, India's second-largest IT services company, is set to announce its Q1 FY27 results on Thursday, July 23, after market hours. Investors will closely track the Bengaluru-based IT major's earnings for signs of demand recovery in key markets and any changes to its revenue outlook for the current financial year.

Ahead of the announcement, Infosys shares slipped around 2% on the NSE during Thursday's trading session as market participants remained cautious.

Brokerage firm Motilal Oswal expects Infosys to report 2.0% quarter-on-quarter constant currency (CC) revenue growth, including 1.0% organic growth. The brokerage expects the improvement to be supported by a two-month contribution from the Optimum and Stratus acquisitions. It also noted that the company's growth trajectory is likely to remain skewed towards the first half of the financial year, in line with the trend seen in previous years.

On the demand front, Motilal Oswal believes the US banking, financial services and insurance (BFSI) segment will continue to remain resilient. However, it expects the telecom and manufacturing verticals to stay under pressure due to client-specific issues, including the ongoing Daimler ramp-down.

The brokerage also expects Infosys to trim the upper end of its FY27 constant currency revenue growth guidance by 50 basis points, revising the range to 1.5%-3.0% year-on-year. Meanwhile, operating margin is projected to improve 40 basis points sequentially to 21.4%, driven by the absence of wage hikes in the first quarter, reversal of visa-related expenses incurred in the March quarter, and continued cost savings under the company's Project Maximus initiative.

Apart from the headline numbers, investors will closely monitor the management's commentary on the deal pipeline, the outlook for acquisitions, client spending trends, and any revision to the company's FY27 revenue guidance, as these are expected to provide a clearer picture of demand conditions and growth prospects for the remainder of the financial year.

Key monitorables include commentary on the deal pipeline, outlook on acquisitions, client spending trends, and FY27 revenue guidance.

Ahead of the announcement, Infosys shares slipped around 2% to the day's low of ₹1,032.30 on the BSE during Thursday's trading session as market participants remained cautious as well as due to weakness in the broader markets.

All eyes will be on Infosys as the IT services major reports its Q1 FY27 earnings after market hours on Thursday, July 23. Apart from the quarterly performance, investors will focus on the company's revenue outlook, demand environment across key sectors, and management's commentary on client spending and deal momentum.

Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often com...