Infosys ups marginally revenue outlook

Source : IANS
Last Updated: Fri, Oct 11, 2013 05:00 hrs

Bangalore, Oct 11 (IANS) Infosys Ltd has revised its revenue outlook for this fiscal (2013-14) marginally upwards largely owing to depreciating rupee against dollar.

In a regulatory filing to the stock exchanges Friday, the IT bellwether said its consolidated revenue for fiscal under review (FY 2014) will grow 21-22 percent year-on-year (YoY) under the Indian accounting standard and 9-10 percent (YoY) under the International Financial Reporting Standard (IFRS).

The revenue guidance has been revised upwards from 13-17 percent in rupee terms and 6-10 percent in dollar terms given July 11 when rupee was at Rs.59.39 against one US dollar.

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