Infosys ups annual revenue guidance two percent

Bengaluru, Oct 12 (IANS) Global software major Infosys Ltd on Monday revised its consolidated revenue guidance for this fiscal (2015-16) two percent upwards in rupee terms but lowered marginally in dollar terms owing to currency volatility.

In a regulatory filing to the Bombay Stock Exchange, the IT firm said consolidated revenue for FY 2016 would grow 13-15 percent in rupee terms and 6.4-8.4 percent in dollar terms, but remain at 10-12 percent in constant currency in both terms.

“We have increased revenue guidance for this fiscal year (FY 2016) to 13.1-15.1 percent from 11.5-13.5 percent in rupee terms but lowered to 6.4-8.4 percent from 7.2-9.2 percent in dollar terms projected in July,” Infosys said in the filing.

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

The company has increased conversion rate for rest of the fiscal 2016 by $1.95 to Rs.65.59 from Rs.63.65 per US dollar in July.

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