Infosys sees fiscal 2013 sales growing 5 percent

INDIA-INFOSYS-FORECAST:Infosys sees fiscal 2013 sales growing 5 percent

 

REUTERS - Infosys Ltd , India's no. 2 IT services exporter, said it expects sales in the fiscal year ending March 2013 to grow by 5 percent to $7.34 billion, below its estimate in April of 8-10 percent growth.

The company earlier matched expectations with a 33 percent rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.

Analysts had forecast a net profit of 23 billion rupees for the Bangalore-based company, according to Thomson Reuters data.

Infosys added 51 new clients in the quarter, the company said in a statement.