Archive · 24 Jul 2026
Infosys Reports Mixed Q1 Results, Names New CEO
Infosys, a big IT company in India, recently shared its results for the first three months of the year.
They made more money than last year, but not as much as people expected.
This is because some of their clients are spending less on traditional software due to new AI tools.
At the same time, Infosys announced that Ashiss Kumar Dash will become the new CEO next year.
He has been with the company for a long time and has a lot of experience.
The current CEO, Salil Parekh, has been leading the company for over nine years and has helped it become a leader in digital and AI services.
Infosys reported a 12.2% year-on-year rise in net profit for Q1 FY27.
Revenue from operations climbed 14% year-on-year to Rs 48,211 crore.
Operating expenses increased 17.9% year-on-year to Rs 5,015 crore.
Infosys kept its revenue growth guidance at 1.5-3% in constant currency terms for FY27.
Ashiss Kumar Dash appointed as CEO designate to succeed Salil Parekh on April 1, 2027.
- Who
- Infosys, Ashiss Kumar Dash, Salil Parekh
- What
- Infosys reported mixed Q1 results and named Ashiss Kumar Dash as CEO designate
- When
- July 23, 2026
- Where
- Global
- Why
- Clients held back spending due to AI tools disrupting traditional software businesses
Optimistic View
Cautious View
AI Momentum
Optimistic View
AI momentum is converting into revenue, demonstrating Infosys' differentiated enterprise AI value proposition.
Cautious View
Clients are holding back spending due to AI tools disrupting traditional software businesses.
- Quarterly Revenue
- Rs 48,211 crore
- Quarterly Net Profit
- Rs 7,769 crore
- Revenue Growth Guidance for FY27
- 1.5-3% in constant currency terms
- Total Employee Strength
- 3,28,062 as of June 30, 2026
- Voluntary Attrition Rate
- 13%
- CEO Transition Date
- April 1, 2027
- Current CEO
- Salil Parekh
- CEO Designate
- Ashiss Kumar Dash
Sources
Infosys misses revenue estimates amid AI-driven spending slowdown, appoints CEO-designate
Infosys Q1 FY27 profit rises 12%; board names Ashiss Kumar Dash as Salil Parekh's successor
Who is Ashiss Kumar Dash? Meet the Infosys CEO Designate who will take over from Salil Parekh in April 2027
Who is Ashiss Kumar Dash? Infosys picks company veteran as next CEO to ‘drive bold transformation’
Ashiss Kumar Das to succeed Salil Parekh as Infy CEO
Infosys profit rises 12% in June quarter; Ashiss Kumar Dash named CEO designate
Infosys clocks weakest Q1 in six years, picks Dash for CEO
Infosys names Ashiss Kumar Dash as next chief executive after Salil Parekh succession plan - Telegraph India
Infosys CEO: Ashiss Kumar Dash in, Salil Parekh to exit in 2027; impact on share price explained
