Infosys gives double-digit guidance for this quarter, fiscal

April 15th, 2011 - 12:00 pm ICT by IANS  

Bangalore, April 15 (IANS) Infosys Technologies Ltd has estimated a consolidated revenue of Rs.7,347 crore (Rs.73.47 billion) for the first quarter (April-June) of fiscal 2011-12, projecting an increase of 18.6 percent year-on-year (YoY).

In a regulatory filing Friday, the IT bellwether said its revenue for the entire fiscal (FY 2012) would be Rs.31,999 crore (Rs.320 billion), an increase of 16.4 percent year-on-year (YoY), as per the Indian accounting standard.

Under the International Financial Regulatory System (IFRS), consolidated revenue is expected to be $1.66 billion for this quarter (Q1), an increase of 21.6 percent YoY and 7.2 billion for the entire fiscal, which will be 19 percent higher YoY.

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