Infosys retains 10-12 percent revenue growth forecast

Bengaluru: Software major Infosys has maintained its annual revenue guidance, or expected rise in income, at 10-12 percent for this financial year or what it had projected in April. In dollar terms, though, the guidance has been revised upward by 100 basis points.

“We have retained revenue guidance at 10-12 percent year-in-year (YoY) in constant currency but increased it to 7.2-9.2 percent YoY in dollar terms from 6.2-8.2 percent YoY projected in April for FY 2016,” the IT bellwether said today in a regulatory filing with stock exchange.

The city-based outsourcing major reported consolidated revenue of Rs.53,319 crore for last fiscal (2014-15) in rupee terms and $8.7 billion in dollar terms, which was 6.4 percent growth YoY in rupee terms and 5.6 percent in dollar terms.

The IT outsourcing major had discontinued giving a quarterly revenue guidance in percentage and numbers since fiscal 2014.

The company’s conversion rate for rest of the fiscal 2016 is Rs.63.65 per US dollar.

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