Infosys Limited Sponsored ADR (NSE:INFY) reported Q1 FY27 revenue and profits up YoY but saw QoQ net profit dip, lost Daimler/Mercedes-Benz accounts, faces a €175,000 fine in France, will focus AI over data centers, announces CEO succession to Ashiss Kumar Dash, and shows technical accumulation.
Previous Week Recap
- INFY Q1 FY27 Revenue Growth: INFY Q1 FY27: revenue Rs48,211cr (+14% YoY, +3.9% QoQ); gross profit Rs15,178cr (+16.3% YoY, +5.8% QoQ); net profit Rs7,769cr (+12.2% YoY, -8.6% QoQ).
- Infosys Names New CEO MD: Infosys (INFY) said Ashiss Kumar Dash will become CEO and MD on April 1, 2027, with an eight-month overlap with current CEO Salil Parekh to ensure a smooth transition.
- INFY Loses Daimler Accounts: Infosys ADR (INFY) lost Daimler and Mercedes-Benz accounts to HCLTech and Cognizant; departures cited vendor consolidation, execution delays and low-margin IT services contracts.
- INFY Won’t Enter Data Centers: Infosys (INFY) declined entering data centers, citing balance-sheet limits and high cash/energy needs. It will focus AI on enterprise services, model deployment, AI agents and global partnerships.
- INFY Accumulation Zone Support: INFY entered an accumulation zone after a downtrend, trading range-bound with rising bullish strength. Key support 1,065; hold above to aim for 1,180. Trade plan: Buy, SL 1,065.
- INFY NTN To SAP Commerce Cloud: Infosys (INFY) led migration of NTN to SAP Commerce Cloud, with partners saying the move improved NTN’s IT operations and boosted its e-commerce and digital capabilities.
- DRIEETS Île-de-France Fines INFY: DRIEETS Île-de-France fined Infosys ADR (INFY) €175,000 for deficiencies in employee working-time records; company says penalty isn’t material and disclosed the matter to exchanges.
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