Pending — not yet graded
“Neutral on Infosys, expecting 1.5% sequential revenue growth in constant currency, including 80 bps inorganic contribution, in a seasonally strong quarter. Discretionary demand in financial services may improve modestly, but EBIT margin is expected to decline 50 bps QoQ. Nomura anticipates Infosys will retain its FY27 revenue growth guidance of 1.5-3.5% and EBIT margin guidance of 20-22%.”
Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%
InfosysNeutralCalled 22 Jul 2026
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