Infosys Limited, a global leader in next-generation digital services and consulting, announced its financial results for the second quarter ended September 30, 2025. The company reported robust performance and raised its revenue growth guidance for the full fiscal year.

Key Highlights

• Revenue grew 2.2% sequentially and 2.9% year-on-year in constant currency terms
• Operating margin expanded by 20 basis points sequentially to 21.00%
• Large deal total contract value (TCV) at $3.10 billion, with 67% net new
• Added 8,000 employees during the quarter
• Raised FY26 revenue growth guidance to 2-3% in constant currency (previously 1-3%)
• Maintained operating margin guidance at 20-22% for FY26

Financial Performance

Infosys reported quarterly revenues exceeding $5.00 billion for Q2 FY26. The company saw strong growth in key verticals like Financial Services and Manufacturing, both growing over 5% year-on-year in constant currency. Europe also grew over 5% year-on-year in constant currency terms.

AI and Digital Transformation

CEO Salil Parekh highlighted strong client focus on deploying AI across enterprises for growth and cost efficiency. Infosys is scaling up its team of forward-deployed engineers to drive AI adoption. The company has emerged as a leading enterprise AI services provider, with 8 industry analyst firms ranking Infosys as a global leader in 20 separate AI rankings over the last 12 months.

Deal Pipeline and Market Outlook

The company reported a strong pipeline for large deals, with clients focused on cost optimization, consolidation, and using AI for efficiency. While the overall environment remains uncertain, Infosys sees good traction in Financial Services and Manufacturing sectors. The retail sector continues to face headwinds due to ongoing tariff-related uncertainties.

Strategic Acquisitions and Partnerships

Infosys announced a joint venture with Versent in Australia, pending regulatory approvals. The company continues to explore strategic acquisitions to enhance capabilities in key areas.

Talent and Hiring

Infosys added 8,000 employees during Q2, bringing the total headcount to 332,000. The company has hired over 12,000 freshers in the first half of FY26 and is on track to meet its target of 20,000 fresher hires for the year.

Outlook

While raising the revenue growth guidance for FY26, Infosys remains cautious about the uncertain global economic environment. The company expects seasonal factors like lower working days and furloughs to impact growth in the second half of the fiscal year.

"We had a strong performance in Q2 with increased market share gains. Our results and pipeline of deals reflect the trust our clients have in our ability to help them bring AI to their enterprises," said Salil Parekh, CEO and MD of Infosys.

The company's focus on AI-driven solutions, strategic partnerships, and continued investments in talent positions it well to capitalize on emerging opportunities in the digital transformation space.

The National Stock Exchange (NSE), India's leading stock exchange, is gearing up to expand its offerings in the commodity derivatives market. In a significant move, the NSE has announced a practice trading session for commodity derivatives scheduled for September 20.

Preparing for Live Trading

This practice session marks an important step in the NSE's preparations to introduce commodity derivatives trading on its platform. The move signals the exchange's intent to broaden its product range and potentially capture a larger share of the derivatives market.

Implications for Market Participants

The upcoming practice session serves multiple purposes:

• System Testing: It allows the NSE to test its trading systems and ensure they can handle commodity derivatives transactions efficiently.

• Trader Familiarization: Market participants will have the opportunity to familiarize themselves with the new trading environment for commodity derivatives.

• Risk Management: The session may help identify any potential issues or risks before the actual launch of live trading.

• Regulatory Compliance: This exercise likely forms part of the NSE's efforts to meet regulatory requirements for introducing new financial products.

Looking Ahead

While the NSE has not provided specific details about which commodity derivatives will be included in the practice session or when live trading might commence, this development suggests that the exchange is making concrete progress towards expanding its product offerings.

The introduction of commodity derivatives on the NSE platform could potentially provide investors and traders with more diverse investment options and hedging tools. It may also increase competition in the commodity derivatives space, which could lead to improved liquidity and potentially lower costs for market participants.

As the September 20 practice session approaches, market observers will be keen to see how smoothly it runs and what insights it might provide about the NSE's readiness to enter the commodity derivatives market.