Global software major Infosys Ltd on Tuesday gave a lower annual revenue guidance for fiscal 2017-18 than it had projected earlier.
In a regulatory filing on the BSE, the IT firm said consolidated revenue for the fiscal was expected to grow 6.5-7.5 per cent in dollar terms and 3-4 per cent in rupee terms as on September 30 exchange rate of US$1-Rs 65.29.
The outsourcing firm posted consolidated revenue of $10.2 billion (Rs 68,484 crore) for fiscal 2016-17.
The revised outlook for FY 2018 is less than the 7.1-9.1 per cent growth in dollar and 3-5 per cent in rupee the company projected on July 14 and the 6.1-8.1 per cent in dollar and 2.5-4.5 per cent in rupee estimated in April.
In constant currency, the US dollar was Rs 64.58 on June 30 and Rs 64.85 on March 31, 2017.
--IANS
fb/rn
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app