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Infosys revises guidance upwards for this fiscal

January 12, 2010

Buoyed by sequential growth in the third quarter, Infosys Technologies Ltd. revised its revenue guidance for the entire fiscal (2009-10) upwards to Rs.22,500 crore (Rs.225 billion/$5 billion), a growth of 3.7 percent over the last fiscal, as per the Indian accounting standard.

In a regulatory filing Tuesday, the IT bellwether projected a consolidated income of Rs.5,698 crore (Rs.56.98 billion) for the fourth quarter (Jan-March) of this fiscal, a growth of 1.5 percent YoY, as per the Indian accounting standard.

Under the International Financial Regulatory System (IFRS) too, the global software major has upped the guidance to $4.75 billion for this fiscal, projecting two percent growth YoY.

For the fourth quarter, revenue is expected to be $1.25 billion, a growth of 12 percent.

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Categories: Business
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