India’s second-largest IT services company, Infosys, has achieved a major milestone by crossing the $20-billion annual revenue mark for the first time in its history.
The company’s FY26 integrated annual report also revealed that Chief Executive Officer and Managing Director Salil Parekh received total compensation of ₹82.6 crore during the financial year, reflecting the company’s continued focus on performance-linked rewards and long-term value creation.
The announcement comes at a time when the global technology services industry is navigating economic uncertainty, slower discretionary technology spending, and rapid advances in artificial intelligence that are reshaping business operations worldwide.
According to the annual report, Parekh’s total compensation for FY26 stood at ₹82.6 crore, representing an increase of 2.5% compared to the previous year.
The package included:
The company noted that the majority of Parekh’s compensation was linked to stock-based incentives tied to long-term organizational performance and shareholder value creation.
The report further revealed that Parekh’s compensation was 742 times the median salary of an Infosys employee, a figure that highlights the growing global debate surrounding executive pay and workforce compensation structures.
Infosys reported annual revenue of ₹1.78 lakh crore in FY26, marking the first time the company has crossed the $20-billion revenue threshold.
The company also posted:
These figures demonstrate sustained demand for long-term digital transformation projects despite ongoing macroeconomic challenges and cautious enterprise spending.
The performance reinforces Infosys’ position as one of the world's leading technology services providers.
In his annual letter to shareholders, Parekh emphasized the growing importance of artificial intelligence across industries.
“Last year marked an inflection point as AI began evolving from experimentation to enterprise-scale adoption,” Parekh said in the annual report.
“At Infosys, we acted early and decisively to lead this transition – shifting our portfolio, investing in talent, and scaling partnerships to help clients unlock value from AI at speed and scale,” he added.
Infosys revealed that AI-driven initiatives are now active across 90% of its top 200 clients, demonstrating the technology's rapid adoption among global enterprises.
The company disclosed that over 4,600 AI projects are currently being executed globally.
According to Parekh, Infosys’ AI roadmap focuses on six key pillars:
Together, these areas represent what Parekh described as a “US$300 billion opportunity”.
The annual report repeatedly emphasized that AI adoption has entered a new phase.
“Across boardrooms and operating reviews, the conversation has turned from possibilities to outcomes,” the company said in its opening note. “Enterprises that began with curiosity and pilots are asking sharper questions.”
Rather than positioning itself solely as a software services provider, Infosys is increasingly presenting itself as a strategic AI transformation partner capable of managing large-scale enterprise modernization programs.
Infosys Chairman Nandan Nilekani directly addressed concerns that generative AI could eventually reduce demand for software engineers and IT services professionals.
“More than 3 years after the launch of Generative AI, we can unequivocally say that Infosys is more relevant than ever, and we have a bright future in front of us,” Nilekani wrote.
“The existential question asked of us: If coding becomes automated, then why are we needed at all?” he said.
Nilekani argued that areas such as:
would continue to create substantial opportunities for technology services companies.
He also warned that “technical debt is no longer a background cost” but has become “a strategic liability”.
Infosys highlighted several AI-led projects with major global organizations, including:
Among the notable examples, Infosys helped Hertz modernize nearly three million lines of COBOL code using multimodal large language models and AI-powered reverse engineering. The company said the initiative delivered “60% faster modernization timelines”.
In another project, Infosys stated that its AI-enabled support systems helped Microsoft reduce root-cause analysis turnaround times by 40% while improving critical incident response times by 33%.
Infosys reported that 84% of its workforce is now “AI-enabled”.
The company recruited more than 20,000 college graduates during FY26 and ended the year with:
Addressing concerns about AI-related job losses, Nilekani reiterated the company's commitment to workforce development.
“We will completely prepare our talent for this new age and redistribute those released by productivity to grow new accounts and offerings,” Nilekani said.
Infosys disclosed that Parekh’s current term as CEO will continue until March 2027.
The company also announced that former Hindustan Unilever Chairman Nitin Paranjpe assumed the role of Vice Chairman effective April 30, 2026.
On sustainability, Infosys stated that it remained carbon neutral for the seventh consecutive year and reiterated its ambition to move from “carbon neutrality to climate positivity”.
The company’s adjusted operating margin stood at 21 per cent in FY26. It also disclosed an additional gratuity-related liability of ₹1,289 crore due to the implementation of India’s labour codes.
While Parekh remains among India's highest-paid technology executives, he trails C Vijayakumar of HCLTech, who earned approximately ₹94.6 crore in FY25 and could potentially receive around ₹154 crore under a revised compensation structure.
Other leading industry executives include:
The widening gap between executive compensation and median employee salaries continues to attract attention from investors and corporate governance experts globally.
Infosys’ FY26 performance underscores the company’s successful transition toward becoming an AI-first enterprise while maintaining strong financial growth. Crossing the $20-billion annual revenue milestone represents a significant achievement in the company’s four-decade journey. At the same time, its growing portfolio of AI projects, large enterprise deals, and workforce reskilling initiatives demonstrates a long-term commitment to innovation-led growth. As artificial intelligence reshapes the global technology landscape, Infosys appears focused on leveraging its scale, client relationships, and talent base to remain a key player in the next era of digital transformation.