Infosys Limited American Depositary Shares (INFY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good day and welcome to Infosys Limited Q2 FI26 Earnings Conference Call. As a reminder, all Parasub and Lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touched-on phone. Please note that this conference is being recorded. And now I hand the conference over to Mr. Sandeep Mahindra. Thank you. And over to Mr. Mahindra. Hello, everyone, and welcome to Infosys Earnings Call for Q2 FY26. Joining us on this call is UNMD Mr. Salil Parekh, CFO Mr. Jayasthan Rajka, CDO Mr. Satish H.C., along with other members of the leadership team. We'll start the call with some remarks on the performance of the company, subsequent to which we'll open up the call for questions. Kindly note that anything we say which refers to our future outlook is a forward-looking statement that must be read in conjunction with the risks that the company faces. A full statement and explanation of these risks is available in our filings with the SEC, which can be found on www.sec.gov. I'd now like to pass on the call to Salil. Thanks, Sandeep. Good evening and good morning to all of you on the call. We had a strong performance in Q2 with increased market share gains. Our revenues for the quarter grew 2.2% sequentially and 2.9% year on year in constant currency terms. Four of our large five industry verticals and three of our four geographies grew year on year in constant currency terms. Operating margins expanded by 20 basis points sequentially. We had an excellent outcome in cash generations with free cash flow of $1.1 billion. Our large deals were at $3.1 billion with 67% net new. In add...