Infosys revises guidance upwards for this fiscal
January 12th, 2010 - 11:25 am ICT by IANS ( Leave a comment )Mysore, Jan 12 (IANS) 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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Tags: accounting standard, bellwether, consolidated income, financial regulatory system, fourth quarter, global software, infosys technologies ltd, mysore, quarter revenue, revenue guidance, sequential growth, yoy
