Infosys says Q1 margin seen down 2 pct q/q
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)
- Tweet this
- Share this
- Digg this
- Best Buy CEO says tablet sales are "crashing" - Re/code
- Carnage at U.N. school as Israel pounds Gaza Strip
- UPDATE 2-Hyundai recalls 883,000 Sonata sedans in U.S. for transmission issue
- Kerry presses India on global trade deal as deadline looms
- A minute with: Chris Pratt on going from slob to film heartthrob
Kerry in India
U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation. Full Article | Slideshow