Infosys may revise forecast as rupee weakens

By agencies   |   Friday, 30 September 2005, 07:00 Hrs
Printer Print Email Email
SINGAPORE: IndiaÂ’s second largest software services company, Infosys Technologies, today said it might revise this year's forecasts as the rupee falls against the dollar.

“Our forecast is based on the constant rupee-dollar rate and we will revise the forecast at the end of this quarter, looking at the dollar rate at that point of time,'' T.V. Mohandas Pai, chief financial officer said.

Infosys is hoping to gain more revenue as the rupee weakens against the dollar. Infosys gets over 60 percent of its sales from the U.S.

The rupee has fallen 1.2 percent since June 30, the highest quarterly decline over the past year.

“We should see some action in the rupee-either the rupee will remain stable or go down,'' Pai said.

Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..