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Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates

This is for a second year in a row when the Bengaluru-headquartered firm has reduced its margin forecast

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Infosys Result  |  It Sector  |  It Industry

Yuvraj Malik & Debasis Mohapatra  |  Bengaluru 

Infosys on Friday posted a mixed set of numbers for the March quarter as well as the entire financial year 2018-19 (FY19) but gave a muted estimate on revenue growth for the current year, apart from slashing its operating margin forecast for the second consecutive year.

Despite clocking 9 per cent revenue growth in constant currency terms for FY19 against its guided range of 6.5-8.5 per cent for the period, the country’s second-largest information technology services company guided for only 7.5-9.5 per cent revenue growth in FY20. Similarly, its operating margin forecast of 21-23 ...

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First Published: Sat, April 13 2019. 00:58 IST
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