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Infosys FY13 revenue forecast does not include Lodestone - exec

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 05:12 hrs
Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore

Infosys Ltd's revenue growth forecast for the current fiscal year that ends in March does not include the revenue from Lodestone Holding AG, Chief Financial Officer V. Balakrishnan said on Friday.

Infosys last month agreed to buy Lodestone in a deal valued at 330 million Swiss francs ($353 million) as India's No.2 software services exporter strives to boost income from higher value services and accelerate growth.

Infosys reported a 24 percent gain in quarterly profit, in line with estimates, and said it expects revenue growth of at least 5 percent for the fiscal year, maintaining its previous outlook.


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