Infosys ups revenue guidance marginally for 2017-18

Global software major Infosys Ltd on Friday gave a marginally higher revenue guidance in dollar and rupee terms for the current fiscal 2017-18 but retained the same in constant currency.

In a regulatory filing on the BSE, the IT major said consolidated revenue for this fiscal (FY 2018) would grow 7.1-9.1 per cent year-on-year (YoY) in dollars and 3-5 per cent in rupees while it would be 6.5-8.5 per cent in constant in both currencies.

The revenue outlook for the fiscal has been revised upwards from 6.1-8.1 per cent in dollars and 2.5-4.5 per cent in rupees projected in April.

The outsourcing firm posted consolidated revenue of $10.2 billion (Rs 68 crore) for fiscal 2016-17.

In constant currency, the US dollar was Rs 64.58 as of June 30 as against Rs 67.53, a year ago and Rs 64.85 on March 31, 2017.

Of the total revenue in Q1, exports accounted for 96.4 per cent, including 61.1 per cent from North America, 22.4 per cent Europe, 12.9 per cent rest of the world and 3.6 per cent India.

Revenue from repeat business was 99.4 per cent in Q1 as against 96.2 per cent quarter ago and 98.8 per cent year ago.

--IANS

fb/ksk