Infosys revises forecast on upbeat client demand [Reuters]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Reuters
Infosys revises forecast on upbeat client demand - Reuters 2 Min Read BENGALURU/NEW DELHI (Reuters) - Infosys on Friday raised the low end of its revenue forecast for the current financial year on upbeat demand from Western clients. The Bengaluru-headquartered company now expects revenue to grow between 9% and 10% on constant currency basis in the year to March 2020, compared with its previous guidance of between 8.5% and 10%. The company’s consolidated net profit fell 2.2 percent to 40.37 billion rupees ($568.11 million) in the second quarter ended September, while analysts on average had expected a profit of 40.16 billion rupees. Revenue from operations rose 9.8%. Infosys, like its rival Tata Consultancy Services , has gained prominence by giving Western clients low-cost solutions. It is betting big on digital services such as big data, machine learning and cloud computing. “It’s (digital) looking really robust,” Infosys Chief Executive Officer Salil Parekh told a news conference in
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