Infosys lowers revenue guidance for FY 2018

Bengaluru Oct 24 (IANS) Global software major Infosys Ltd on Tuesday gave a lower annual revenue guidance for fiscal 2017-18 than it had projected earlier.

In a regulatory filing on the BSE the IT firm said consolidated revenue for the fiscal was expected to grow 6.5-7.5 per cent in dollar terms and 3-4 per cent in rupee terms as on September 30 exchange rate of US$1-Rs 65.29.

The outsourcing firm posted consolidated revenue of $10.2 billion (Rs 68 484 crore) for fiscal 2016-17.

The revised outlook for FY 2018 is less than the 7.1-9.1 per cent growth in dollar and 3-5 per cent in rupee the company projected on July 14 and the 6.1-8.1 per cent in dollar and 2.5-4.5 per cent in rupee estimated in April.

In constant currency the US dollar was Rs 64.58 on June 30 and Rs 64.85 on March 31 2017.

--IANS
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