Infosys says Q1 margin seen down 2 pct q/q

BANGALORE Fri Apr 13, 2012 10:56am IST

V. Balakrishnan, chief financial officer of Infosys Technologies Ltd, speaks during Reuters India Investment Summit in Bangalore November 25, 2009. REUTERS/Stringer/Files

V. Balakrishnan, chief financial officer of Infosys Technologies Ltd, speaks during Reuters India Investment Summit in Bangalore November 25, 2009.

Credit: Reuters/Stringer/Files

Related Topics

Stocks

   

BANGALORE (Reuters) - Infosys, India's No.2 software services exporter, expects profit margin in the quarter to end-June to be 200 basis points lower than in the quarter to end-March, its chief financial officer said on Friday.

Margins would be hit by staff hiring charges and visa-related costs, V. Balakrishnan told reporters.

Bangalore-based Infosys posted a 27.4 percent rise in quarterly profit on Friday, but forecast lower-than-expected revenue growth for the current fiscal year due to an uncertain global economy and currency volatility.

(Reporting by Harichandan Arakali; Editing by Ranjit Gangadharan)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Pharma

REUTERS SHOWCASE

Modi's U.S. Trip

Modi's U.S. Trip

PM Modi to get rock star reception in New York.  Full Article 

Northeast Floods

Northeast Floods

Landslides and floods kill 22 in northeast India.  Full Article 

Food Subsidy

Food Subsidy

Ram Vilas Paswan says no plans to raise food handouts.  Full Article 

New Plants

New Plants

Canadian auto parts maker Magna to open two new plants in Gujarat.  Full Article 

Importing Iron Ore

Importing Iron Ore

JSW Steel to import 10 mln T of iron ore due to local shortage.  Full Article 

Breaking Up

Breaking Up

Philips to split off lighting business, form separate company.  Full Article 

End of Monsoon

End of Monsoon

Monsoon starts withdrawing from northwest region.  Full Article 

Border Row

Border Row

Chinese and Indian troops in Himalayan standoff.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage