Key Points – Infosys announced a CEO transition: Salil Parekh will retire on March 31, 2027, and the board has named Ashiss Dash as his successor effective April 1, 2027.
Parekh will begin mentoring Dash on Oct. 1 as part of the handover. – Q1 results were solid but guidance was trimmed: Constant-currency revenue rose 2.4% year over year, supported by $3.6 billion in large deals and a 21.1% operating margin
However, Infosys cut its full-year revenue growth outlook to 1.5% to 3% because of an uncertain macro environment and softer demand trends. – AI is becoming a bigger revenue driver: AI-related services accounted for 8.2% of total revenue in the quarter, up from 5.5% earlier this year, and management said the business is growing at a double-digit pace. Infosys also highlighted strong traction in AI tools and platforms, including more than 80,000 employees using coding tools. – Infosys stock sets up for growth, supported by AI Infosys (NYSE:INFY) announced a planned CEO transition alongside first-quarter results that showed modest constant-currency revenue growth, strong large-deal bookings and accelerating artificial intelligence-related revenue, while management lowered the top end of its full-year revenue growth outlook amid an uncertain macroeconomic environment. Co-founder and Chairman Nandan Nilekani said CEO and Managing Director Salil Parekh has asked to retire on March 31, 2027.
The board has appointed Ashiss Dash as Parekh’s successor, effective April 1, 2027. – 5 NYSE-Listed Emerging Market Stocks For Income Investors Nilekani described Dash as a “true blue Infoscion” who has spent 31 years at the company across delivery, sales, account management and other roles. Dash is currently based in Los Angeles and will move back to India, Nilekani said. Parekh will begin mentoring him from Oct. 1 as part of the transition.