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Infosys projects 14.7 percent annual revenue growth

Infosys projects 14.7 percent annual revenue growth

Bengaluru, April 15 (IANS) Global software major Infosys Ltd has projected an annual revenue growth of 14.7 percent for fiscal 2016-17 in rupee terms.

In a regulatory filing with the BSE on Friday, the IT bellwether said its consolidated revenue for this fiscal (FY 2017) was expected to grow 12.7-14.7 percent year-on-year, based on the exchange rate of March 2016 (Rs.66.26 per US dollar).

In constant currency, consolidated revenue is projected to grow 11.5-13.5 percent in FY 2017 under the Indian accounting standards.

 

Under the International Financial Accounting Standard (IFRS), outlook is 11.8-13.8 percent YoY growth in dollar terms on the exchange rates of March 2016 and 11.5-13.5 percent in constant currency.

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