Infosys projects lower revenue for 2017-18

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Bengaluru, April 13 (IANS) Software major Infosys Ltd has projected lower revenue growth in single digit for the fiscal 2017-18 than it posted in fiscal 2016-17 in dollar and rupee terms.

In a regulatory filing to the BSE on Thursday, the IT firm said consolidated revenue for the fiscal year ending March 31, 2018 would grow 6.5-8.5 per cent in constant currency (cc) and 6.1-8.1 per cent in dollar terms from 7.4 per cent ($10.2 billion) annual growth posted in the fiscal 2016-17 (FY 2017).

“In rupee terms, the revenue growth for FY 2018 will be 2.5-4.5 per cent in rupee in FY 2018 as against 9.7 per cent (Rs 68,484 crore) annual growth it posted in FY 2017,” said the filing.

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In constant currency, the dollar rate as on March 31, 2017 was Rs 64.85.

–IANS

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