Infosys may revise forecast as rupee weakens
Facebook Twitter google+ RSS Feed

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.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset