Infosys ups revenue guidance for this fiscal

Infosys Technologies Ltd revised its consolidated revenue guidance for this fiscal upwards to Rs 26,663 crore, projecting 17.3 per cent year-on-year growth, as per the Indian accounting standard.

Updated on: Jul 13, 2010, 12:09:39 IST

IANS | By HT Correspondent, Bangalore

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Infosys Technologies Ltd revised its consolidated revenue guidance for this fiscal upwards to Rs 26,663 crore (Rs 267 billion), projecting 17.3 per cent year-on-year growth (YoY), as per the Indian accounting standard.

The guidance has been revised from Rs 25,017 crore or 10 per cent YoY projected at the beginning of this fiscal in April. In a regulatory filing on Tuesday, the IT bellwether said its income for the second quarter (July-September) of this fiscal would be Rs 6,595 crore (Rs 65.95 billion), projecting 18 per cent YoY growth over same quarter of last fiscal.

Under the International Financial Regulatory System (IFRS), gross revenue for this fiscal is expected to be $5.8 billion, an increase of 20 per cent YoY.

For the second quarter (Q2), revenue is projected to be $1.4 billion, a growth of 23 per cent over the same quarter of last fiscal.

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