Infosys shares looked set to rally after collaboration with Anthropic, just after the AI company had helped trigger a sharp selloff in the IT-consultant sector.
India's second-largest IT services exporter Infosys earned 5.5% of its revenue in the December quarter from AI services, its chief executive Salil Parekh said at a company event on Tuesday.
Infosys has agreed to work with Anthropic to develop and deliver artificial-intelligence services to businesses in complex, regulated industries.
Infosys Limited delivered modest revenue growth, with Q3 revenues up 0.6% sequentially and 1.7% year-on-year in constant currency. INFY's operating margins held up despite regulatory labor cost pressures, aided by automation, pricing, and currency tailwinds. Large deal wins, especially in AI, drove growth, but client budget timing and discretionary project volatility remain risks.
INFY beats Q3 estimates as earnings rise 10.5% year over year, and revenue growth improves across key regions.
Infosys Limited (INFY) Q3 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Infosys (INFY) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Infosys Limited (INFY) Q3 2026 Earnings Call Transcript
Infosys reported better-than-expected third-quarter revenue on Wednesday, helped by a pickup in tech demand from its financial services clients.
Infosys Limited is upgraded from "Hold" to "Buy," considering a potential third-quarter beat and AI-related positives. INFY is an AI leader, being highly rated by various research organizations and getting involved in over 2,000 related projects. Recent disclosures from IT companies like Accenture and Salesforce signal favorable read-throughs for INFY's upcoming quarter.
The confounding stock move set off speculation in the investment community.
Infosys (INFY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.