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Infosys retains 10-12% revenue growth forecast

The IT outsourcing major had discontinued giving a quarterly revenue guidance in percentage and numbers since fiscal 2014.

IANS   Bengaluru     Last Updated: July 21, 2015  | 11:49 IST
Infosys retains 10-12% revenue growth forecast
Photo: Reuters

Software major Infosys has maintained its annual revenue guidance, or expected rise in income, at 10-12 per cent for this financial year - or what it had projected in April. In dollar terms, though, the guidance has been revised upward by 100 basis points.

"We have retained revenue guidance at 10-12 per cent year-in-year (YoY) in constant currency but increased it to 7.2-9.2 per cent YoY in dollar terms from 6.2-8.2 per cent YoY projected in April for FY 2016," the IT bellwether said in a regulatory filing with stock exchanges on Tuesday.

The city-based outsourcing major reported consolidated revenue of Rs.53,319 crore for last fiscal (2014-15) in rupee terms and $8.7 billion in dollar terms, which was 6.4 per cent growth YoY in rupee terms and 5.6 per cent in dollar terms.

The IT outsourcing major had discontinued giving a quarterly revenue guidance in per centage and numbers since fiscal 2014.

The company's conversion rate for rest of the fiscal 2016 is Rs 63.65 per US dollar.

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