Infosys projects 5.4 per cent revenue decline for third quarter - Hindustan Times
close_game
close_game

Infosys projects 5.4 per cent revenue decline for third quarter

IANS | By, Bangalore
Oct 09, 2009 10:44 AM IST

Infosys Technologies Ltd has projected revenue of Rs 54.76 billion (Rs 5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 per cent year-on-year (YoY) as per the Indian accounting standard.

Infosys Technologies Ltd has projected revenue of Rs 54.76 billion (Rs 5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 per cent year-on-year (YoY) as per the Indian accounting standard.

HT Image
HT Image

In a regulatory filing on Friday, the IT bellwether said its consolidated income for this fiscal (FY 2010) was expected to be about Rs 220.55 billion (Rs 22,055 crore), which would be a marginal growth of 1.2-1.7 per cent YoY as per the Indian accounting standard.

Hindustan Times - your fastest source for breaking news! Read now.

According to the International Financial Reporting System (IFRS), consolidated revenue for the third quarter (Q3) is projected to be $1.17 billion, a decline of 0.5 per cent YoY.

Similarly, for the fiscal, the consolidated revenue is projected to be around $4.6 billion, a decline of one per cent YoY.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On