Infosys ups fiscal guidance on robust growth
January 12th, 2012 - 12:40 pm ICT by IANSBangalore, Jan 12 (IANS) Infosys Ltd marginally revised its revenue guidance for this fiscal (2011-12) 1.5 percent upwards to Rs.34,284 crore (Rs.343 billion) on robust growth in the third quarter (October-December) and a depreciating rupee against dollar.
In a regulatory filing Thursday, the IT bellwether said its consolidated revenue for this fiscal (FY 2012) would be in the range of Rs.34,273-34,294 crore as against Rs.33,795 crore projected in October 2011, reflecting year-on-year (YoY) growth of 24.7 percent.
Under the International Financial Regulatory System (IFRS), gross income is expected to be $7.03 billion, projecting 16.4 percent YoY growth but tad lower than $7.14 billion guidance given in October.
For the fourth quarter (January-March) of this fiscal, consolidated revenue will be Rs.9,402 crore, an increase of 30 percent YoY as per the Indian accounting standard.
Under the IFRS, gross income is expected to be $1.8 billion, an increase of 13 percent YoY.
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- Infosys net profit up 9.7 percent in fiscal 2010-11 - Apr 15, 2011
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- Wipro net up eight percent in fourth quarter - Apr 25, 2012
- Infosys posts net profit of over Rs.17 bn in Q2 - Oct 15, 2010
Tags: accounting standard, bellwether, consolidated revenue, financial regulatory system, fourth quarter, gross income, infosys, revenue guidance, robust growth, rupee, ups