Infosys retains 10-12 percent revenue growth forecast

Bengaluru, July 21 (IANS) Software major Infosys has maintained its annual revenue guidance, or expected rise in income, at 10-12 percent for this financial year — or what it had projected in April. In dollar terms, though, the guidance has been revised upward by 100 basis points.

“We have retained revenue guidance at 10-12 percent year-in-year (YoY) in constant currency but increased it to 7.2-9.2 percent YoY in dollar terms from 6.2-8.2 percent YoY projected in April for FY 2016,” the IT bellwether said in a regulatory filing with stock exchanges on Tuesday.

The city-based outsourcing major reported consolidated revenue of Rs.53,319 crore for last fiscal (2014-15) in rupee terms and $8.7 billion in dollar terms, which was 6.4 percent growth YoY in rupee terms and 5.6 percent in dollar terms.

The IT outsourcing major had discontinued giving a quarterly revenue guidance in percentage and numbers since fiscal 2014.

The company’s conversion rate for rest of the fiscal 2016 is Rs.63.65 per US dollar.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here