Avik Das's questions to Infosys Ltd (INFY) leadership • Q1 2026
Question
Avik Das asked about the strong performance in the manufacturing vertical despite industry stress, the outlook for the North American market, and why margin guidance remained unchanged while revenue guidance was revised.
Answer
CEO Salil Parekh described the North American market as being in a 'very strong position' with good traction in AI and consolidation deals. CFO Jayesh Sanghrajka explained that manufacturing's growth was driven by past large deal wins and consolidation, though softness persists in certain sub-sectors. He stated that margin guidance is unchanged because future gains from 'Project Maximus' will be offset by headwinds like the fixed-cost impact of lower growth, full-year compensation effects, and deal transition costs.