Infosys projects 14.7 percent annual revenue growth

Global software major Infosys Ltd has projected an annual revenue growth of 14.7 percent for fiscal 2016-17 in rupee terms.

In a regulatory filing with the BSE on Friday, the IT bellwether said its consolidated revenue for this fiscal (FY 2017) was expected to grow 12.7-14.7 percent year-on-year, based on the exchange rate of March 2016 (Rs.66.26 per US dollar).

In constant currency, consolidated revenue is projected to grow 11.5-13.5 percent in FY 2017 under the Indian accounting standards.

Under the International Financial Accounting Standard (IFRS), outlook is 11.8-13.8 percent YoY growth in dollar terms on the exchange rates of March 2016 and 11.5-13.5 percent in constant currency.