# Infosys Limited American Depositary Shares (INFY) — Stock CV

Infosys Limited is a $43.3B technology company. Revenue grew 4.6% over the last year, it keeps 16¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 13.3× earnings — near the lowest of its own history.

> Infosys is an IT services provider based in Bengaluru, India, with offices in more than 50 countries. The company leverages its offshore outsourcing model to serve clients across different industries, such as financial services and manufacturing.

## Identity

- **Ticker**: INFY
- **Sector**: Technology
- **Employees**: 325 000
- **Website**: https://www.infosys.com
- **Market cap**: $43.3B
- **Last price**: $10.70
- **Financial profile**: Strong

## Vitals (FY2026)

- **Revenue**: $20.2B
- **Net income**: $3.31B
- **Free cash flow**: $3.80B
- **Net cash**: $2.20B
- **P/E**: 13.3
- **Revenue growth (YoY)**: 4.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 29 |
| Profitability | 90 |
| Health | 93 |
| Quality | 90 |
| Moat | 81 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +4.6% YoY
- [x] Profitable — $3.31B FY2026
- [x] Profit growing — +7.5% YoY
- [x] Generates cash — $3.80B FY2026
- [x] Debt under control — more cash than debt
- [x] Established company — $43.3B market cap
- [x] Not printing shares — -2.1% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 7.5 — safe
- [x] Pays a dividend — yield 4.87%
- [x] Valuation not extreme — P/E 13.3

## Experience (career milestones)

- **FY2026** — Best year on record: $3.31B net income
- **2025** — Infosys secured a 15-year contract worth £1.2 billion ($1.59 billion) from the NHS Business…
- **FY2022** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2022** — Revenue already above $10B: $16.3B in first reported year
- **FY2022** — Positive free cash flow every year since: 5-year streak
- **2021** — Infosys became the fourth Indian company to achieve a market capitalization of billion
- **2015** — Infosys launched the $500 million Infosys Innovation Fund to invest in early-stage startups focused on…
- **2002** — Infosys created a business process management division called Progeon (now Infosys BPM)
- **1999** — Infosys rolled out Finacle, a core banking software suite developed as the successor to Bancs2000
- **1999** — Infosys listed its American depositary receipts (ADRs) on Nasdaq in March 1999, making it the first Indian company…
- **1995** — Infosys released its banking automation software package Bancs2000 in 1995, middleware architecture product Entark…
- **1993** — Infosys launched its initial public offering (IPO) with an offer price of 95 per share
- **1981** — It was incorporated as Infosys Consultants Private Limited in Pune on 2 July 1981, before relocating to Bangalore in…

## Strengths

- Strong cash conversion — FCF is 18.9% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 135.1× by operating earnings
- High returns on invested capital (ROIC 44.3%)
- Altman Z-Score 7.50 — low bankruptcy-risk zone

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $16.3B | $2.96B | $2.53B |
| FY2023 | $18.2B | $2.98B | $2.88B |
| FY2024 | $18.6B | $3.17B | $4.09B |
| FY2025 | $19.3B | $3.16B | $3.73B |
| FY2026 | $20.2B | $3.31B | $3.80B |

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Source: https://stockcv.com/INFY — derived from company filings; may be delayed or incomplete. Information, not investment advice.