Infosys appoints Ashiss Kumar Dash CEO-designate, trims FY27 growth outlook

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 planned succession gives Infosys an eight-month transition period as it prepares for its next phase of growth.

An IIT Kharagpur alumnus who also completed Stanford University's Global Leadership Program, Dash most recently served as Executive Vice President and Global Head of Services, Utilities, Resources, Energy and Enterprise Sustainability. A company veteran with more than three decades at Infosys, he has led one of the company's largest industry portfolios, driving digital transformation, cloud and AI engagements for global enterprises across energy, utilities and manufacturing.

The appointment coincided with June-quarter results that reflected continued caution in enterprise technology spending, despite resilient demand for AI-led transformation. Infosys reported consolidated revenue of ₹48,211 crore, up 14% year-on-year, while net profit rose 12% to ₹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%.

Even as discretionary spending remained subdued, AI continued to emerge as a key growth engine. Infosys reported $3.6 billion in large deal TCV during the quarter, of which 61% comprised net-new business, while AI-related services accounted for 8.2% of revenue, underscoring growing enterprise adoption of AI-led transformation.

Biswajit Maity, Senior Principal Analyst at Gartner, said the results indicate Infosys is beginning to monetise its AI investments at scale, with enterprises moving from AI experimentation to production deployments. He said the company's platform-led AI strategy and investments in specialised AI agents should strengthen its competitive position over the medium term.

Management said demand for generative AI and agentic AI programmes remained healthy, although discretionary technology spending and longer decision cycles continued to weigh on overall growth.

Dash takes over at a time when Infosys and the broader IT services industry are balancing cautious enterprise spending with rising demand for AI-led transformation, making deal conversion, execution and margin discipline key priorities over the coming quarters.