# Infosys Q2 Revenue Dips, Cuts Full-Year Growth Guidance

> Infosys reports slowest quarterly growth in three years for Indian IT services, cutting full-year revenue guidance to 1-2%.
- Title: Infosys Q2 Revenue Dips, Cuts Full-Year Growth Guidance · mint
- Summary: Infosys reports slowest quarterly growth in three years for Indian IT services, cutting full-year revenue guidance to 1-2%. Infosys lowered its full-year…
- Keywords: infosys, tata consultancy services, hcl technologies, tech mahindra, wipro, q2 revenue, revenue guidance, full-year growth, news, india, Revenue, Dips
- Source: mint — https://livemint.com/companies/company-results/infosys-caps-dull-second-quarter-for-indian-it-11792759961165.html
- Author: Jas Bardia
- Published: 2026-10-23T16:28:31+00:00
- Read time: 1 min
- Topics: infosys, tata consultancy services, hcl technologies, tech mahindra, wipro, q2 revenue, revenue guidance, full-year growth, news, india
## Infosys Q2 Revenue Dips
Infosys reported the slowest second-quarter growth in three years for India's top tech services firms, with revenue at $5.15 billion.
## Revenue Growth Slows
Three-fourths of the revenue growth came from energy, utilities and resources firms, up 1.24% sequentially and 1.3% year-on-year.
## Big Five Q2 Results
Tata Consultancy Services, HCL Technologies, Tech Mahindra, and Wipro reported revenue growth of 0.24%, 2.03%, 1.99%, and a 0.11% decline, respectively.
## Q2 Performance Weakens
At least three of the Big Five reported their worst second-quarter growth in three years, with weak demand due to West Asia tensions and rising automation tools.
## CEO on Market Conditions
Salil Parekh, CEO of Infosys, cited a challenging macroeconomic environment, including interest rate hikes and tariffs, affecting global clients.
## Revenue Guidance Cut
Infosys lowered its full-year revenue growth guidance to 1-2% in constant currency terms, from 1.5-3% in the previous quarter.
## Leadership Change Coming
Ashiss Kumar Dash will replace CEO Salil Parekh next April after a nine-year tenure, following the company's Q2 results.
## Operating Margins Drop
Infosys reported a fall in operating margins to 21%, down 10 basis points from the previous quarter, making it the first Big Five to report declining margins.
## Headcount and Hiring
Infosys added 4,480 employees to reach 332,542, while the Big Five saw mixed headcount changes with Wipro cutting over 6,700 staff.
## Key takeaway

Infosys lowered its full-year revenue growth guidance to 1-2% in constant currency terms after reporting the slowest second-quarter growth in three years for India's top tech services firms.