Infosys ups revenue guidance for this fiscal

Bangalore, July 13 (IANS) Infosys Technologies Ltd revised its consolidated revenue guidance for this fiscal upwards to Rs.26,663 crore (Rs.267 billion), projecting 17.3 percent year-on-year (YoY) growth, as per the Indian accounting standard.

The guidance has been revised from Rs.25,017 crore or 10 percent YoY projected at the beginning of this fiscal in April.

In a regulatory filing Tuesday, the IT bellwether said its income for the second quarter (July-September) of this fiscal would be Rs.6,595 crore (Rs.65.95 billion), projecting 18 percent YoY growth over same quarter of last fiscal.

Under the International Financial Regulatory System (IFRS), gross revenue for this fiscal is expected to be $5.8 billion, an increase of 20 percent YoY.

For the second quarter (Q2), revenue is projected to be $1.4 billion, a growth of 23 percent over the same quarter of last fiscal.

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