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Infosys ups guidance to $3 billion for FY 2007

Bangalore, Oct 11 (IANS) Riding on robust revenue growth in the first half (April-September), Infosys Technologies Ltd has once again revised its guidance on consolidated income crossing $3 billion for the current fiscal (2006-07).

Wednesday, October 11, 2006 | 10:24:32 AM IST (+05:30 GMT)
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Bangalore, Oct 11 (IANS) Riding on robust revenue growth in the first half (April-September), Infosys Technologies Ltd has once again revised its guidance on consolidated income crossing $3 billion for the current fiscal (2006-07).

In a notification to the stock exchanges here Wednesday, the IT bellwether said consolidated income was expected to be Rs.13.9 billion ($303 million) under the Indian GAAP (generally accepted accounting principles), projecting year-on-year growth of 46 percent.

Under the US GAAP, consolidated revenue is expected to be $3.04 billion, projecting YoY growth of 41 percent.

For the third quarter (October-December) of FY 2007, the consolidated income under the Indian GAAP is estimated to be Rs.36.3 billion, projecting YoY growth of 43 percent.

Under the US GAAP, the consolidated revenue is estimated to be $795 million, projecting YoY growth of 42 percent.

Copyright : Indo-Asian News Service
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