Infosys sees fiscal 2013 sales growing 5 pc
Infosys said it expects sales in FY13 to grow by 5 per cent to $7.34 billion, below its estimate of 8-10 per cent.
Infosys Ltd, India's no. 2 IT services exporter, said it expects sales in the fiscal year ending March 2013 to grow by 5 per cent to $7.34 billion, below its estimate in April of 8-10 per cent growth.
The company earlier matched expectations with a 33 per cent 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 Rs 2,300 crore for the Bangalore-based company, according to Thomson Reuters data.
Infosys added 51 new clients in the quarter, the company said in a statement.
- 'Silly' Sam Allardyce Says Error of Judgment Led to Shock Exit
- Sam Allardyce Exit Leaves England a Laughing Stock Yet Again
- 'Deeply Disappointed' Sam Allardyce Resigns as England Manager
- Sam Allardyce Fights to Save England Job After Newspaper Sting
- Former Israeli Prime Minister, Nobel Prize Winner Shimon Peres Passes Away
- 'Daring Voice of India's Pride' at UNGA Wins Applause From AAP
- UNGA: Sushma Says Kashmir Integral Part of India; Asks Pakistan To Stop Dreaming
- Indian Minister Disowned UN Resolutions in Speech: Pakistan