Infosys lowers guidance in dollar earnings

July 12th, 2012 - 11:26 am ICT by IANS  

Bangalore, July 12 (IANS) Infosys Technologies Ltd Thursday lowered its revenue guidance for this fiscal (2012-13) in dollar earnings as its year-on-year (YoY) growth is projected to be less than it was expected in April.

In a regulatory filing, the IT bellwether said revenue for FY 2013 would grow 5 percent YoY to $7.34 billion as against $7.6 billion projected at the beginning of this fiscal, with 9 percent YoY growth as per the International Financial Reporting Standards.

In rupee terms, however, revenue for fiscal (FY 2013) under review is expected to be Rs.40,364 crore with 20 percent YoY growth, which is higher than Rs.38,784 crore projected in April with 15 percent YoY growth.

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