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Infosys Raises Revenue Forecast, Net Up 12%

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Our Bureau BUSINESS STANDARD

Infosys Technologies today reported 12 per cent higher quarterly profits and raised its revenue forecast.

But it kept earnings forecast unchanged, showing that it was less confident of profit growth keeping pace with sales.

The company increased its revenue guidance to Rs 3,433 crore to Rs 3,467 crore for the year.

Last quarter, the company had a revenue guidance of Rs 3,108 crore to Rs 3,195 crore. For the third quarter, the company expects a revenue of Rs 890 crore to Rs 904 crore.

The guidance on earnings per share has been retained at Rs 142 to Rs 145 for the year while it has increased its earnings per share for the third quarter to be between Rs 37 and Rs 38 compared with Rs 33 - Rs 34, it had forecast earlier.

 

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First Published: Oct 11 2002 | 12:00 AM IST

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