
AI Your Enterprise
Integrated Annual Report 2024-2025
Applying AI at a scale that can power the entire enterprise involves building AI capabilities mindfully. This entails nurturing a robust data strategy, investing in AI infrastructure optimization, while also systemically building capacity to deepen algorithmic efficiencies and improve model performance. Infosys is building templates for AI success – industry after industry, business after business – for enterprise-scale value generation for our clients. We are helping them AI their enterprise in ways that are changing the game for them today and giving them a head start into the future.

Nandan M. Nilekani
Chairman
An era of uncertainty
Amid growing uncertainties, there is a certainty that Infosys brings, that is of immense value to enterprises. The Infosys basket of products and services is diversified across geographies, verticals and technologies with solutions to both traditional and emerging business challenges. These solutions are created to support clients’ investments in growth as well as for when they are cutting back on costs. Infosys is differentiated by its continuous and active investments in nurturing an engaged and committed workforce. A big part of this investment is in creating flexible training and skilling capability so that this workforce is always abreast of changing technology and business practices.

Salil Parekh
CEO and MD
Financial year 2025 was another year of strong execution for Infosys. We had growth of 4.2%, operating margin of 21.1%, and free cash flow of US$4.1 billion. We announced a total dividend of ₹43 per share (including an interim dividend of ₹21 per share). Infosys is the leader in AI, cloud, data, and digital for our clients. Infosys Topaz brings the power of AI, with a strong foundation of cloud and data, to help our clients leverage the next generation of opportunities. To help our clients with AI, we have built a repository of AI agents. These agents improve productivity in areas such as code generation, IT operations, bill-to-cash, and quote-to-order.
FY 2025 Business Highlights
DownloadHighest ever free cash flow of ₹34,549 cr for fiscal 2025
DownloadRevenues
₹1,62,990 cr
6.1% growth Y-o-Y
4.2% CC growth Y-o-Y
Basic earnings per share
(par value of ₹ 5 each)
64.50
8.3% growth Y-o-Y(4)
Consolidated cash and
investments(1)
₹47,549 cr
Continue to main strong
liquidity position
Dividend per share (in ₹)
43.0
13.2% growth Y-o-Y(2)
Operating margin
21.1%
Robust operating margin
Free cash flow growth (3)
44.8% Y-o-Y
FCF conversion at 129.2%
of net profit
Large deal TCV
(Total contract value in US$ billion)
11.6
Sustained momentum in
large deal wins continues
Number of
US$50 million + clients
85
Strong client metrics
with increase of 2 clients Y-o-Y
11
Lake rejuvenation projects over
the last two years, achieving an
increase of 4.3 bn liters
in water
holding capacity.
60 MW
Solar captive power plants installed
Carbon offset programs
2,72,000+
Rural families continue to benefit
Digital skilling
13.3 mn
People are a part of
our digital skilling initiatives
Carbon neutrality
Carbon neutral for
6 years in a row
Scope 1, 2 and 3 emissions
2,70,000+
AI Aware employees
Tech for Good
125 mn +
Lives empowered via our Tech
for Good solutions in e-governance,
education and healthcare
Note:
(1) Comprise cash and cash equivalents, current and non-current investments excluding investments in equity and preference shares, and others.
(2) Dividend excludes special dividend of ₹8.00 per share declared in line with the Capital Allocation Policy for financial year 2024.
(3) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the Consolidated Statement of Cash Flows prepared under IFRS.
(4) EPS increase post normalization of income tax refunds
Value Creation Model
DownloadFinancial Capital
We obtain our Financial Capital through the funds generated from our business operations and financing activities.
6.1%
Revenue growth
21.1%
Operating margin
29.0%
Return On Equity
13.2%
Dividend per share growth (1)
44.8%
Free cash flow growth (2)
AAA
CRISIL Rating
₹54,249 cr
Robust working capital
(1) Dividend excludes special dividend of ₹8.00 per share declared in line with the Capital Allocation Policy for financial year 2024.
(2) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the Consolidated Statement of Cash Flows prepared under IFRS.
Human Capital
Our employees are our most important assets. We are committed to hiring and retaining the best talent and being among the industry’s leading employers.
3,23,578
Employees globally
156
Nationalities in the workforce
2,70,000+
AI aware employees
1,095
Employees have voluntarily disclosed their disability
77%
Employee satisfaction score
15,288
Fresh graduates hired globally
Intellectual Capital
Our Intellectual Capital is driven by agility, flexibility, and innovation. We are committed to working with experts, partners, academia, and other stakeholders to develop new products and services that meet the needs of our customers and communities.
100+
Client living labs
823
Patents (granted / pending)
1,500+
Infosys Knowledge Institute assets
“Well Known”
Trademark for Infosys in India
Industry leader
Rating for iCETS platforms by analysts
370+ startups
Accounted for 1,000+ client impressions by
#1
Rating in AI
Natural Capital
Decades before climate change emerged as a global boardroom priority, Infosys had recognized that natural capital is integral to long-term value creation.
77.7%
Percentage of electricity for our India operations comes from renewable sources
Carbon neutral for 6 years in a row
29.7 mn sq.ft.
Highest-level green certified space
2,72,000+
Rural families benefited through carbon offsets program
100%
Wastewater recycled within our campuses
9 years
CDP climate leadership
Manufactured Capital
Our Manufactured Capital includes our energy-efficient offices, data centers, innovation hubs, digital studios, and our technology infrastructure across the globe.
65 kWh/sq.m./p.a.
New building design EPI
Radiflux
Radiant cooling solution patented in Europe and India
Majority of internal IT applications moved to public cloud infrastructure
38.5 mn sq.ft.
Office space monitored through Infosys command center
Social and Relationship Capital
Our Social and Relationship Capital guides us to bring the interests of our stakeholders to the fore. As enterprises focus on reshaping their businesses in the digital era, we are helping our clients drive transformation.
98
Infosys Prize winners since 2008
125 mn+
Lives empowered via Tech for Good programs
13.3 mn
Learners enabled in digital skills
₹628 cr
Global CSR spends
10 mn
Beneficiaries of CSR projects in India