Flat Revenue Growth for Infosys this Fiscal


Bangalore, Oct 12 (IANS): Infosys Ltd projected flat revenue growth for this fiscal (2012-13) in dollar terms at $7.34 billion, projecting five percent year-on-year (YoY) growth under the International Financial Reporting Standards (IFRS).

In a regulatory filing Friday, the IT bellwether said in rupee terms, revenue for the fiscal under review (FY 2013) would, however, be Rs.39,582 crore, which is 1.9 percent lower YoY than it projected in July at Rs.40,364 crore, as the rupee strengthened to Rs.53 per dollar from Rs.55 at the end of the quarter.

On annualised basis, the revenue growth, however, will be 17.3 percent YoY as against 19.7 percent YoY the global software major projected in July.

As in the previous quarter, the blue chip firm skipped giving revenue guidance for the third quarter (Oct-Dec) of this fiscal

  

Top Stories


Leave a Comment

Title: Flat Revenue Growth for Infosys this Fiscal



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.