Infosys annual guidance up again on double digit growth (Lead, Reissuing correcting figure in para one)
January 13th, 2011 - 11:53 am ICT by IANSBangalore, Jan 13 (IANS) Infosys Technologies Ltd has revised its revenue guidance upwards for the fiscal 2010-11 for the third consecutive time on a healthy double digit growth of 24 percent year-on-year during the third quarter (Oct-Dec).In a regulatory filing Thursday, the IT bellwether said its consolidated revenue for the fiscal under review would be Rs.27,445 crore (Rs.274.45 billion), projecting 21 percent year-on-year growth, according to the Indian accounting system.
Under the International Financial Regulatory System (IFRS), gross income is expected to be $6.05 billion this fiscal, which will be 26 percent up year-on-year.
The global software major first upped its annual revenue guidance Oct 15 to Rs.271 billion, projecting 19 percent year-on-year growth under the Indian accounting system.
Similarly, guidance for fourth quarter (January-March) is expected to be Rs.7,194 crore (Rs.71.94 billion), a projected growth of 21 percent year-on-year, according to the Indian accounting system.
Under IFRS, gross income is projected to be $1.61 billion, which will be 11.2 percent up year-on-year.
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- Infosys ups guidance for fiscal 2011 on strong growth - Oct 15, 2010
- Infosys ups revenue guidance marginally for this fiscal - Jul 12, 2011
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- Infosys profits from weak rupee, lowers dollar guidance (Lead) - Jan 12, 2012
- Infosys bets on double-digit growth again; beats guidance (Lead) - Apr 15, 2011
- Infosys net up 14 percent in third quarter - Jan 13, 2011
- Infosys ups revenue guidance for this fiscal - Jul 13, 2010
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Tags: accounting system, bellwether, consecutive time, consolidated revenue, double digit growth, financial regulatory system, fourth quarter, global software, gross income, infosys technologies ltd, oct dec, revenue guidance