Infosys ups revenue guidance to 12 p.c.

Infosys has once again revised its revenue guidance for this fiscal (2013-14) upwards to 12 per cent from previous estimate of 10 per cent in dollar terms.

In a regulatory filing to stock exchanges on Friday, the IT bellwether said revenues were expected to grow 11.5-12 per cent in dollar terms and 24.4-24.9 per cent for fiscal 2014 (FY 2014) from 22 per cent in rupee terms as estimated in the second quarter of this fiscal.

Earlier, the reported net profit of Rs. 2,875 crore for third quarter (Oct-Dec) of this fiscal, posting 21.4 per cent year-on-year (YoY) growth.

Consolidated revenue for the quarter under review (Q3), increased 25 per cent YoY to Rs. 13,026 crore as per the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income rose 6.7 per cent to $463 million and gross revenue by 1.7 per cent to $2.1 billion for the quarter.

Infosys has once again revised its revenue guidance for this fiscal (2013-14) upwards to 12 per cent from previous estimate of 10 per cent in dollar terms.

In a regulatory filing to stock exchanges on Friday, the IT bellwether said revenues were expected to grow 11.5-12 per cent in dollar terms and 24.4-24.9 per cent for fiscal 2014 (FY 2014) from 22 per cent in rupee terms as estimated in the second quarter of this fiscal.

Earlier, the reported net profit of Rs. 2,875 crore for third quarter (Oct-Dec) of this fiscal, posting 21.4 per cent year-on-year (YoY) growth.

Consolidated revenue for the quarter under review (Q3), increased 25 per cent YoY to Rs. 13,026 crore as per the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income rose 6.7 per cent to $463 million and gross revenue by 1.7 per cent to $2.1 billion for the quarter.