Infosys Growing Less than Industry Average
By
siliconindia | Friday, 13 April 2012, 07:26 Hrs
Infosys projects 21 percent revenue growth
Infosys projected 21 percent year-on-year (YoY) consolidated revenue growth in first quarter (April-June) of new fiscal (2012-13) to 9,056 crore in rupee terms.
In a regulatory filing, the IT bellwether said its consolidated revenue for the entire fiscal (FY 2013) would be 38,784 crore), an increase of 15 percent YoY in rupee terms. Under the International Financial Reporting Standards (IFRS), revenue for first quarter (Q1) is expected to be $1.8 billion, an increase of 6.6 percent YoY.