Infosys increased the lower range of its full-year revenue growth forecast for FY26 to 2-3 percent from 1-3 percent in the prior quarter. Cross-town rival Wipro, which provides guidance for the upcoming quarter, has projected a sequential revenue growth range of -0.5 to +1.5 percent in constant currency terms for the third quarter ending December, based on current visibility and a robust order book, positive pipeline, and AI-driven consulting solutions.
Infosys recorded a 13.2 percent year-over-year increase in net profit, reaching INR 7,364 crore for the second quarter. The technology firm's revenue also rose by 8.5 percent year-over-year during the same period, totaling INR 44,990 crore.
"We have successfully completed two back-to-back quarters of robust growth, highlighting our distinct position in the market and the significance of our offerings to clients. Outstanding deal successes, including a 67 percent increase in new business during Q2, showcase our thorough grasp of client needs to provide value through AI in this context," said Salil Parekh, CEO and MD, Infosys.
"Over the past three years, our forward-thinking investments in adopting an AI-first approach at Infosys have enabled our employees to develop new skills and succeed in a workplace that combines human and AI capabilities. Infosys Topaz's unique value proposition is generating significant value across all transformation initiatives," he added.
On the other hand, Wipro announced a net profit of INR 3,246 crore for the third quarter concluding in December, representing a 1.2 percent increase compared to the previous year.
Wipro's revenue for the December quarter increased by 1.7 percent compared to the same period last year, reaching INR 22,697.3 crore. In dollar terms, revenue fell by 2.7 percent sequentially in constant currency to USD 2.6 billion. Total orders for the second quarter amounted to USD 4.7 billion.
"Our revenue growth is gaining strength, as Europe and APMEA have resumed growth, while our operating margins remain stable within a tight range. Bookings exceeded $9.5 billion for the first half of FY26. Our strategy is straightforward: stay resilient, adjust to global changes, and drive innovation through AI. I am enthusiastic about introducing Wipro Intelligence to our clients, enabling them to grow with confidence and influence the future in an AI-driven world," said Srini Pallia, CEO and Managing Director, Wipro.
The Indian IT services sector has encountered difficulties in recent quarters because of ongoing hesitation regarding optional spending, postponed choices, and increased project evaluation affecting the growth and implementation of deals.
The recent increase in H-1B visa fees has introduced new difficulties for India's IT service companies, which depend significantly on sending skilled professionals to client locations in the U.S.—their primary market. These higher costs occur during a period when profit margins are already being affected by declining technology spending, currency shifts, and growing wage inflation in the U.S. Increased visa expenses not only impact profitability but also push companies such as TCS, Infosys, and Wipro to reconsider their global talent approaches, speeding up local hiring and reducing reliance on visa-dependent employees.
Both Infosys and Wipro announced their results on Thursday following the market close. Before the results were released, Infosys stock ended down 0.08 percent at INR 1,472.75 on the BSE. Wipro's shares finished higher by 1.4 percent, closing at INR 253.75 on the BSE.