Infosys has named Ashish Kumar Dash as the new CEO, who will replace Salil Parekh in 2027. The company has also reduced its revenue estimates for FY27 along with the June quarter results, which led to a 5% decline in the company’s ADR.
New Delhi [भारत]July 23 (ANI): The Infosys board has approved the nomination of Ashish Kumar Dash for the post of Chief Executive Officer (CEO) for a tenure of five years, following the recommendations of its Nomination and Remuneration Committee.
According to Infosys, this appointment is part of a planned leadership transfer. Dash will take over as Managing Director and Chief Executive Officer from Salil Parekh on April 1, 2027, when Parekh completes his second term of over nine years.
Who is Ashish Kumar Dash?
Dash has spent more than three decades at the IT services firm, holding senior roles in customer-facing operations, project delivery and global business units. He currently oversees the Enterprise Sustainability business as well as a portfolio spanning multiple industry verticals. The company board has highlighted his strategic skills and delivery execution as key factors to guide the next phase of the enterprise’s AI-based transformation.
Expressing his gratitude on the Board’s decision, Dash said, “I am honored by the confidence reposed in me by the Board and am excited about the opportunity to lead Infosys into its next chapter. I would also like to thank Salil for his mentorship, guidance and countless growth opportunities over the years. I look forward to working closely with him to ensure a seamless transition.”
Dash emphasized the changing technological landscape and the strategic direction of the enterprise moving forward. “Technology is entering a new era, in which AI is fundamentally changing how businesses work and create value. Infosys is embarking on this next phase from a strong position – with a clearly articulated AI strategy, exceptional talent, deep customer relationships and values that have earned the trust of customers globally.”
He noted his intention to drive operational expansion and customer growth during this transfer phase. “My commitment is to build on those strengths as well as accelerate innovation, expand our capabilities, and help our customers succeed in an increasingly AI-driven world,” Dash said. “Together with the outstanding leadership team, all my colleagues, customers and partners, I look forward to shaping the next chapter of Infosys’ journey and creating lasting value for all our stakeholders.”
Quarterly results and revenue estimates cut
Along with this leadership development, the tech firm also released its financial results for the first quarter ending June 30, 2026. Infosys has reduced its revenue growth forecast for full fiscal year 2027 to 1.5 percent to 3.0 percent, compared to the earlier estimate of 1.5 percent to 3.5 percent. Following the estimate cut, Infosys American Depositary Receipts (ADR) fell 5 per cent in trading.
For the June quarter, consolidated net profit stood at Rs 7,769 crore, registering a quarter-on-quarter (QoQ) decline of 9 per cent and year-on-year (YoY) growth of 12 per cent, falling short of market estimates of Rs 7,903 crore. Consolidated revenue came in at Rs 48,211 crore, up 4 per cent sequentially and 14 per cent YoY, beating estimates of Rs 48,431 crore. EBIT came in at Rs 10,163 crore, versus expectations of Rs 10,212 crore, while operating margin was in line with estimates at 21.1 per cent.
Constant currency (CC) revenues grew 1.0 percent sequentially, a recovery from the 1.3 percent contraction in the previous quarter, though below estimates of 1.8 percent. Meanwhile, total contract value (TCV) of deal wins increased 13 per cent QoQ to USD 3.6 billion, while dollar revenues grew 1 per cent sequentially to USD 5,082 million.
“Our flexible margins of 21.1% and consistently strong cash generation reflect the strength of our business model, disciplined execution and continued focus on operational excellence in a challenging business environment,” said Jayesh Sanghrajka, Chief Financial Officer, Infosys.
He added, “We are accelerating investments in AI, talent and platforms to drive future growth and are committed to maintaining the financial flexibility needed to improve productivity, expand operating leverage and take advantage of emerging opportunities, while delivering sustainable shareholder value.” (ANI)
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