New Delhi, July 23 -- Infosys on Thursday named company veteran Ashiss Kumar Dash as chief executive officer-designate in a planned leadership transition, even as the country's second-largest IT services company reported June-quarter revenue that missed Street estimates and narrowed the upper end of its FY27 revenue growth guidance.
Dash will take over as Chief Executive Officer and Managing Director from April 1, 2027, succeeding Salil Parekh, who has led the Bengaluru-based IT services firm since 2018. The early announcement provides an extended transition period as Infosys prepares for its next phase of growth.
An alumnus of the Indian Institute of Technology, Kharagpur, India, who obtained a Global Leadership Program from Stanford University, Dass most recently served as Executive Vice President and Global Head of Services, Utilities, Resources, Energy and Enterprise Sustainability, Dash oversees one of Infosys' largest industry portfolios spanning energy, utilities, manufacturing and sustainability. A company veteran with more than three decades at Infosys, he has led large-scale digital transformation, cloud and AI-led programmes for global enterprises while helping drive growth across strategic industry verticals.
The leadership announcement came alongside June-quarter earnings that reflected continued caution in enterprise technology spending.
Infosys reported consolidated revenue of Rs.48,211 crore, up 14% year-on-year, while net profit rose 12% to Rs.7,769 crore. However, revenue came in below analysts' expectations. The company narrowed the upper end of its FY27 constant-currency revenue growth guidance to 3%, from 3.5% earlier, while maintaining its operating margin guidance of 20-22%.
Despite the softer quarter, enterprise demand for artificial intelligence continued to gather pace. Infosys reported $3.6 billion in large deal total contract value (TCV) during the quarter, with 61% comprising net-new business, while AI-related services contributed 8.2% of revenue, reflecting growing adoption of AI-led transformation programmes across global clients.
The company said client interest remains strong in generative AI and agentic AI initiatives, although discretionary technology spending and longer decision cycles continue to weigh on overall growth.
Dash's appointment comes as Infosys and the broader IT services industry navigate a transition from cloud-led transformation to AI-led enterprise reinvention, with investors closely watching execution, deal conversion and margin resilience amid an uneven demand environment.
Published by HT Digital Content Services with permission from TechCircle.