Infosys ups revenue guidance by 1.5 percent

In a regulatory filing Friday, the IT bellwether said its consolidated revenues for the fiscal under review (FY 2013) would be $7.450 million ($7.5 billion) as against $7,343 ($7.3 billion) guidance it gave at the beginning of the third quarter (Q3) July 12, 2012.

The revised revenue, however, includes $104 million from its newly acquired consulting business Zurich-based Lodestone Holding.

The global software major discontinued giving quarterly guidance for Jan-March of this fiscal in view of repeat business being around 97-98 percent.