Infosys, India's second-largest IT services company, announced its third-quarter results for the financial year 2025-26 on Wednesday, January 14, 2026. The company reported a modest sequential growth in its financial performance. Its revenue for Q3 FY26 stood at ₹45,200 crore, marking a 1.6% increase quarter-on-quarter (QoQ) and an 8.2% year-on-year (YoY) rise. The net profit (PAT) for the same quarter was ₹7,400 crore, reflecting a marginal QoQ growth of 0.4% and an 8.7% increase YoY. This performance was slightly above some analyst expectations, which had largely anticipated flat or even slightly declining sequential figures due to seasonal factors like furloughs and fewer working days. A primary focus for investors and analysts during this earnings call was the company's updated FY26 revenue growth guidance and margin outlook. While some brokerages, like HDFC Securities, had projected an upward revision of the FY26 revenue guidance to 3-4%, others, including Elara Capital, expected it to be maintained at the previous 2-3% range. Infosys had previously revised its constant currency revenue growth outlook to 2-3% in Q2 FY26. Another significant area of interest was the company's new deal wins, with analysts forecasting total contract values (TCV) between $4.5 billion and $5 billion for the quarter. Management's commentary on IT discretionary spending, the impact of newly implemented labor codes, and the advancement of its AI strategy (particularly the Topaz platform) were also closely scrutinized by market participants. The overall results indicated stable, albeit low, sequential growth, with significant attention now shifting to the company's forward-looking statements.