Infosys ADR Jumps 10 Percent on NYSE After Upgraded FY26 Revenue Growth Outlook and Strong Deal Wins

Infosys Ltd’s American Depositary Receipts (ADR) surged sharply in early New York trade on Wednesday, January 14, after India’s second-largest IT services exporter raised its constant-currency revenue growth outlook for FY26, signalling an improved demand environment after several muted quarters for the global technology services sector.The ADR climbed nearly 10% to around $19.20 on the NYSE as investor sentiment improved following the management’s decision to lift full-year growth guidance to 3–3.5% in constant currency terms, up from the earlier 2–3% band.
The development comes at a time when large-cap Indian IT companies continue to operate in an environment of cautious client spending, delayed decision-making and margin pressures from regulatory and wage-related costs.
For the December quarter, Infosys reported sequential constant-currency revenue growth of 0.6%, beating Street expectations of flat growth.Infosys Q3 net profit declined 9.7% quarter-on-quarter to ₹6,654 crore, primarily due to a one-time impact of ₹1,289 crore linked to new labour code provisions.

Infosys EBIT margin slipped marginally to 20.8% from 21% in the previous quarter, though the company reiterated its full-year margin guidance of 20–22%, suggesting limited downside risk ahead.

A key positive for investors was the sharp rebound in deal activity. Infosys reported large deal wins of $4.8 billion in the quarter, up from $3.1 billion sequentially, with 57% coming from net new contracts, aided by a sizeable engagement in the UK’s National Health Service.

The company also stepped up hiring, with headcount rising for the second consecutive quarter to an 11-quarter high, even as attrition eased to 12.3%.