Infosys lowers rupee guidance to 2-3 per cent
Bengaluru Jan 12 (IANS) Software major Infosys on Friday lowered its consolidated annual revenue guidance to 2.1-3.1 per cent from 3-4 per cent in rupee terms but maintained in dollars at 6.5-7.5 per cent for fiscal 2017-18.
In a regulatory filing on the BSE the city-based firm said revenue growth was expected to be 2.1-3.1 per cent annually at the December 31 exchange rate of Rs 63.88 per US dollar.
"The annual revenue is expected to grow 5.5-6.5 per cent in constancy currency (CC) in rupee and dollar terms but 2.1-3-1 per cent with the dollar at Rs 63.88 per dollar " said the company.
Under the International Financial Reporting Standard (IFRS) the company said the annual revenue growth in dollar terms would be 6.5-7.5 per cent with the exchange rate of Rs 63.88 per dollar and same (5.5-6.5 per cent) in CC.
The company posted consolidated revenue of $10.2 billion or Rs 68 484 crore for fiscal 2016-17.
The revised outlook in rupee terms is lower than 3-4 per cent given on October 24 when the dollar was Rs 65.29 on September 30 and 3-5 per cent on July 14 with dollar at Rs 64.58 on June 30.