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Infosys margins to fall 200 basis points in FY13-exec

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 05:00 hrs
Balakrishnan, Chief Financial Officer of Infosys Technologies Ltd speaks during Reuters India Investment Summit in Bangalore

BANGALORE (Reuters) - Operating margins at Infosys Ltd will decline by 200 basis points in the current fiscal year that ends in March 2013 from a year earlier, Chief Financial Officer V. Balakrishnan said on Friday.

Infosys, India's second-ranked software services provider, reported a 24 percent gain in quarterly profit earlier on Friday, in line with estimates.

(Reporting by Harichandan Arakali; Editing by Subhranshu Sahu)

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