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Infosys retains 10-12 percent revenue growth forecast

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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.Infosys

“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)

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Infosys and Roland-Garros to Collaborate for Digital Innovation

The partnership aims to re-imagine the tennis experience for the fans and the players globally, according to a statement

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The partnership aims to re-imagine the tennis experience for the fans and the players globally, according to a statement. Wikimedia

Infosys, a global leader in next-generation digital services and consulting, and Roland-Garros Grand Slam tennis tournament, also called the French Open, on Thursday announced a three-year strategic technology partnership.

The partnership aims to re-imagine the tennis experience for the fans and the players globally, according to a statement.

The collaboration is aimed at enriching the game by providing fans, players and coaches with a completely new experience, leveraging Infosys’ expertise in digital technologies such as artificial intelligence, big data and analytics, mobility, virtual and augmented reality, the statement said.

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“We are convinced that Infosys will help us deliver the tournament’s digital transformation objectives to ensure Roland-Garros remains at the cutting edge of technology.” Wikimedia

Bernard Giudicelli, President of the French Tennis Federation, said: “We are truly delighted that Infosys has joined us as a partner of Roland-Garros. This partnership centres around digital innovation, a key pillar of the tournament, and will offer tennis fans an even richer experience.

“We are convinced that Infosys will help us deliver the tournament’s digital transformation objectives to ensure Roland-Garros remains at the cutting edge of technology.”

Pravin Rao, Chief Operating Officer, Infosys, said: “Roland-Garros stands for its rich history and culture and today Infosys is proud to become a part of this heritage. We’re excited to partner with Roland-Garros to showcase how digital technologies can enhance the boundaries of this tournament by leveraging data, insights and digital experiences.

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“We are committed to help Roland-Garros further expand its global following in the physical and the virtual world powered by digital innovation where fans and players alike can experience game-changing innovations.” Wikimedia

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“We are committed to help Roland-Garros further expand its global following in the physical and the virtual world powered by digital innovation where fans and players alike can experience game-changing innovations.”

As part of this partnership, Infosys and Roland-Garros will work on several new digitally enabled experiences such as re-imagined fan experience powered by data and analytics, empowering players and coaches with the power of artificial intelligence and Roland-Garros fan engagement amplified with virtual reality and augmented reality. (IANS)