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Flat revenue growth for Infosys this fiscal

Source : IANS
Last Updated: Fri, Oct 12, 2012 05:00 hrs

Bangalore, Oct 12 (IANS) Infosys Ltd projected flat revenue growth for this fiscal (2012-13) in dollar terms at $7.34 billion, projecting five percent year-on-year (YoY) growth under the International Financial Reporting Standards (IFRS).

In a regulatory filing Friday, the IT bellwether said in rupee terms, revenue for the fiscal under review (FY 2013) would, however, be Rs.39,582 crore, which is 1.9 percent lower YoY than it projected in July at Rs.40,364 crore, as the rupee strengthened to Rs.53 per dollar from Rs.55 at the end of the quarter.

On annualised basis, the revenue growth, however, will be 17.3 percent YoY as against 19.7 percent YoY the global software major projected in July.

As in the previous quarter, the blue chip firm skipped giving revenue guidance for the third quarter (Oct-Dec) of this fiscal.




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