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On October 23, 2026, Infosys CEO Salil Parekh disclosed that the company signed a seven-year contract worth more than $2 billion with a large global financial services institution. According to Analytics India Magazine, the contract is not expected to begin contributing revenue until late in the fourth quarter. The same report also mentioned that Infosys's total large-deal contract value this quarter reached $5.2 billion, of which 62% was net new; AI revenue grew 29% quarter-over-quarter, accounting for 10.5% of total revenue. However, the company simultaneously lowered its FY27 constant-currency growth guidance from 1.5%-3% to 1%-2%, the second consecutive downgrade. As of the time of the report, there was no further progress regarding the contract.
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Infosys Wins $5.2 Billion Mega Deal, Yet Lowers FY27 Growth GuidanceDevelopments
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Infosys CEO discloses over $2 billion seven-year contract with global financial institution
Source:Analytics India Magazine
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Oct 27
Analytics India Magazine
Infosys Wins $5.2 Billion Mega Deal, Yet Lowers FY27 Growth Guidance
Infosys's total large-deal contract value this quarter reached $5.2 billion (62% net new), with AI revenue growing 29% quarter-over-quarter to 10.5% of total revenue, but the company lowered its FY27 constant-currency growth guidance from 1.5%-3% to 1%-2%, marking its second consecutive cut. At least four analyst firms downgraded its rating on October 26, and the company's stock price has fallen 28% this year. CEO Salil Parekh also disclosed a seven-year contract worth over $2 billion signed with a global financial institution, which will only begin contributing revenue in late Q4.