Infosys projects 5.4 per cent revenue decline for third quarter | business | Hindustan Times
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Infosys projects 5.4 per cent revenue decline for third quarter

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.

business Updated: Oct 09, 2009 10:44 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.

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.

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.