General

Infosys retains 10-12 percent revenue growth forecast

Author : NewsGram Desk

Bengaluru: 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 has 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.

(IANS)

Subscribe to our channels on YouTube and WhatsApp 

“No Generation Holds a Monopoly over Patriotism”: Shashi Tharoor Responds to Aiyar’s Scathing Letter, Defends ‘Principled Pragmatism’ in Foreign Policy

Laura Loomer Addresses Anti-India Tweet Row At India Today Conclave, Targets Pakistan Over Terrorism—Faces Strong Criticism From Rajdeep Sardesai

Indore’s Vedanta Hospital Suspended from Ayushman Bharat Niramayam Scheme Over Violations

US Announces $10 Million Reward for Information on Top Iranian Officials, Including Iran’s New and “Hidden” Supreme Leader Mojtaba Khamenei

Veteran Journalist T. N. Ninan Recalls When Indira Gandhi Removed India Today Magazine Copies on the 1983 Nellie Massacre Ahead of the Commonwealth Heads of Government Meeting in Delhi