Infosys ups annual guidance again on double digit growth
By IANSWednesday, January 12, 2011
BANGALORE - Infosys Technologies Ltd has revised its revenue guidance upwards for this fiscal (2010-11) for the second consecutive time on a healthy double digit growth of 24 percent year-on-year during the third quarter (Oct-Dec).
In a regulatory filing Thursday, the IT bellwether said its consolidated revenue for the fiscal under review would be Rs.27,445 crore (Rs.274.45 billion), projecting 21 percent year-on-year growth, according to the Indian accounting system.
Under the International Financial Regulatory System (IFRS), gross income is expected to be $6.05 billion this fiscal, which will be 26 percent up year-on-year.
The global software major first upped its annual revenue guidance Oct 15 to Rs.271 billion, projecting 19 percent year-on-year growth under the Indian accounting system.
Similarly, guidance for fourth quarter (Jan-March) is expected to be Rs.7,194 crore (Rs.71.94 billion), a projected growth of 21 percent year-on-year, according to the Indian accounting system.
Under IFRS, gross income is projected to be $1.61 billion, which will be 11.2 percent up year-on-year.
