Social News XYZ     

Infosys projects 7.5-9.5% revenue growth for FY20

Infosys projects 7.5-9.5% revenue growth for FY20

Bengaluru, April 12 (IANS) Global software major Infosys on Friday projected 7.5-9.5 per cent revenue guidance for fiscal 2019-20 in constant currency in dollar terms.

In a regulatory filing on the BSE, the city-based IT behemoth said the operating margin would be in 21-23 per cent range.

 

The company discontinued the practice of giving quarterly guidance as in the case of its peer TCS but unlike its city-based rival Wipro.

Gross income in dollar terms grew 7.9 per cent annually to $11,799 million for fiscal 2018-19 from $10,989 million a year ago.

The company posted Rs 4,618 crore operating profit for the fourth quarter, registering 3.3 per cent yearly growth but 4.4 per cent decline quarterly.

For the fiscal 2018-19, operating profit grew 10.1 per cent to Rs 18,880 crore from previous fiscal.

Facebook Comments
Infosys projects 7.5-9.5% revenue growth for FY20

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

%d bloggers like this: