Globant vs Infosys: Revenue, Profit and Business Model
Globant reported $2.5B of revenue in FY2025 and $102.9M of net income. Infosys reported $20.2B of revenue in FY2026 and $3.3B of net income.
Latest financial snapshot
Financial summary
Globant
Globant grew revenue from $322.9 million in 2016 to $2,415.7 million in 2024, a period that included 59% growth in 2021. Growth then stalled: 2025 revenue rose only 1.6% to a record $2,454.9 million while net income fell to $102.9 million from $165.7 million, reflecting restructuring costs and margin pressure. Free cash flow was a record $211.7 million in 2025. In Q2 2026 revenue was $614.4 million, roughly flat year over year, with an IFRS operating margin of 3.2% (13.2% adjusted) and IFRS diluted EPS of $0.04 ($1.40 adjusted). Management cut full-year 2026 guidance to $2.428-$2.462 billion from $2.462-$2.508 billion, citing project delays and budget cuts in its Middle East "New Markets" region. Cash and short-term investments were $168.8 million at June 30, 2026, and the company completed its first buyback and authorized a further $125 million.
Infosys
Infosys reported FY2026 (year ended March 31, 2026) revenue of $20.158 billion, up 3.1% in constant currency, and net profit of about $3.3 billion. Large-deal TCV for the year was $14.9 billion. In Q1 FY2027 (quarter ended June 30, 2026) revenue was $5.082 billion, up 2.4% year on year in constant currency, with a 21.1% operating margin. Management cut FY2027 revenue growth guidance to 1.5%-3.0% and kept operating margin guidance at 20%-22%.
Revenue and profit by year
Globant
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $2.5B | $102.9M | 4.2% | +1.6% | Source |
| FY2024 | $2.4B | $165.7M | 6.9% | +15.3% | Source |
| FY2023 | $2.1B | $158.5M | 7.6% | +17.7% | Source |
| FY2022 | $1.8B | $148.9M | 8.4% | +37.3% | Source |
| FY2021 | $1.3B | $96.1M | 7.4% | +59.3% | Source |
| FY2020 | $814.1M | $54.2M | 6.7% | +23.5% | Source |
| FY2019 | $659.3M | $54M | 8.2% | +26.2% | Source |
| FY2018 | $522.3M | $51.7M | 9.9% | +26.3% | Source |
| FY2017 | $413.4M | $30.5M | 7.4% | +28.1% | Source |
| FY2016 | $322.9M | $35.9M | 11.1% | — | Source |
Infosys
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $20.2B | $3.3B | 16.4% | +4.6% | Source |
| FY2025 | $19.3B | $3.2B | 16.4% | +3.9% | Source |
| FY2024 | $18.6B | $3.2B | 17.1% | +1.9% | Source |
| FY2023 | $18.2B | $3B | 16.4% | +11.7% | Source |
| FY2022 | $16.3B | $3B | 18.2% | +20.3% | Source |
| FY2021 | $13.6B | $2.6B | 19.3% | +6.1% | Source |
| FY2020 | $12.8B | $2.3B | 18.2% | +8.3% | Source |
| FY2019 | $11.8B | $2.2B | 18.6% | +7.9% | Source |
| FY2018 | $10.9B | $2.5B | 22.7% | +7.2% | Source |
| FY2017 | $10.2B | $2.1B | 21.0% | +7.4% | Source |
| FY2016 | $9.5B | $2.1B | 21.6% | — | Source |
Where the revenue comes from
Globant
- North America (top country: US)52.8%
Largest market; Q2 2026 share of revenue.
- Europe (top country: Spain)20.9%
Q2 2026 share of revenue.
- Latin America (top country: Argentina)20.8%
Q2 2026 share of revenue.
- New Markets (top country: Saudi Arabia)5.5%
Middle East and other new regions; Q2 2026 share of revenue, where project delays drove the 2026 guidance cut.
Infosys
- Digital and Cloud Transformation~60%
Consulting, application modernization, cloud migration, data, AI, and digital engineering programs for enterprise clients.
- Core Services and Maintenance~25%
Application development, infrastructure support, managed services, testing, and legacy system maintenance.
- Business Process Management~10%
Outsourced business processes, operations support, finance, procurement, and customer-service workflows.
- Platforms and Products~5%
Finacle, EdgeVerve, Topaz, Cobalt, automation assets, and reusable software components tied to implementation and services.
Business model and strategy
Globant
How it makes money
Globant sells technology services to large companies. Most revenue comes from teams of engineers, designers and data specialists billed on time-and-materials or fixed-price contracts, grouped into specialist Studios (AI, gaming, cloud, digital experience, enterprise software and others).
Growth strategy
Globant's 2025-2026 strategy centers on AI-native delivery: AI Pods sold on subscription or consumption pricing, the Glob.AI platform opened to the wider market in August 2026, and partnerships with model and tooling providers including Anthropic, OpenAI and Vercel.
Competitive advantage
Globant's advantages are nearshore delivery from Argentina, Colombia, Uruguay, Mexico and other Latin American countries that share US working hours; a Studios structure that keeps specialist skills together; long relationships with marquee clients such as Disney, EA and FIFA; and an early commercial AI offering (Glob.AI and AI Pods) with reported ARR of $52.8 million by June 2026.
Infosys
How it makes money
Infosys earns most of its money from multi-year service contracts with large enterprises, billed on time-and-materials or fixed-price terms. Work spans application development and maintenance, cloud and infrastructure management (Infosys Cobalt), enterprise AI services (Infosys Topaz), engineering R&D, and business process management.
Growth strategy
Infosys is positioning itself as an "AI-first" services firm. It reported AI-related revenue at 8.2% of Q1 FY2027 revenue and is using Topaz to automate delivery, which raises productivity but also lowers billable effort on legacy work.
Competitive advantage
Infosys combines delivery scale with long client relationships. Around 328,000 employees, a training campus in Mysuru, and decades-old accounts with banks, manufacturers, and retailers let it staff and run large transformation programmes that smaller firms cannot. Finacle adds a product-style switching cost in banking, and operating margins held at 21.1% in Q1 FY2027 even while growth slowed.
Questions about Globant vs Infosys
Which company has higher revenue — Globant S.A. or Infosys Limited?
Globant S.A. reported $2.5B (FY2025), while Infosys Limited reported $20.2B (FY2026). By last reported revenue, Infosys Limited is the larger business, with Globant S.A. reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Globant S.A. vs Infosys Limited?
Globant S.A.'s market capitalisation stands at $1.5B, while Infosys Limited's is $43.1B. Infosys Limited carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Globant S.A..
Which is more financially efficient — Globant S.A. or Infosys Limited?
Globant S.A. generates $90k / employee in revenue per employee, while Infosys Limited generates $61k / employee. Globant S.A. shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Globant S.A. and Infosys Limited make money?
Globant S.A. and Infosys Limited generate revenue in fundamentally different ways. Globant S.A.: Globant sells technology services to large companies. Infosys Limited: Infosys earns most of its money from multi-year service contracts with large enterprises, billed on time-and-materials or fixed-price terms.
Which company is valued higher relative to revenue — Globant S.A. or Infosys Limited?
On a price-to-sales (P/S) basis, Globant S.A. trades at 0.6x P/S and Infosys Limited at 2.1x P/S. Infosys Limited commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Globant S.A.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Globant S.A. bigger than Infosys Limited?
By last reported revenue, Infosys Limited ($20.2B (FY2026)) is the larger company compared to Globant S.A. ($2.5B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Globant vs Infosys overview