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Infosys says expects pricing, margins to be under pressure

Source : REUTERS
Last Updated: Fri, Apr 12, 2013 05:25 hrs
Employees walk in front of a building dubbed the "washing machine", a well-known landmark built by Infosys at the Electronics City IT district in Bangalore

Infosys Ltd, India's No. 2 IT services exporter, expects billing rates and margins to be under pressure in the short term, Rajiv Bansal, the company's chief financial officer said on Friday.

Pricing in the fourth quarter that ended in March fell 0.7 percent from the previous quarter.

Earlier, the company forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy, sending its shares tumbling nearly 18 percent.


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