Infosys’ large deal wins strengthen despite uneven regional growth
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Infosys reported large deal wins with a total contract value (TCV) of $5.2 billion in Q2 FY27, of which 62 per cent was net new business. The wins included a mega deal valued at more than $2 billion. Last quarter, the company's large deal TCV stood at $3.6 billion. "We saw very strong large deals, with one mega deal at over $2 billion, which is contributing to our growth into the next financial year also," CEO Salil Parekh said. Across industry segments, Life Sciences, Energy, Utilities, Resources & Services, Communication and Financial Services recorded growth, while Manufacturing, Retail, Hi-Tech and other segments declined. Geographically, North America and India reported a decline, while Europe and the rest of the world (RoW) grew. The company's total headcount rose to 3,32,542 from 3,28,062 in the previous quarter, marking a net addition of around 4,000 employees. Attrition stood at 12 per cent. Infosys hired 8,000 college graduates during the quarter and reiterated its full-year target of approximately 20,000 graduate hires, having completed more than half of that target in the first half of FY27. Praveen Bhadada, CEO & Managing Director, Neovay Global, said, "Infosys' AI revenue grew 29 per cent in three months and is now more than a tenth of the business. Yet, it expects to grow only 1–2 per cent this year. That gap shows the industry's biggest challenge right now...
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