Infosys expects operating margin of 26 percent this financial year
BANGALORE (Reuters) - Infosys Ltd (INFY.NS), India's second-biggest software services provider, expects operating margins for the financial year ending in March to be about 26 percent, Chief Financial Officer Rajiv Bansal said.
Operating margins for the year, excluding the Switzerland-based consultancy Lodestone Holdings that Infosys acquired recently, would be 26.3 percent, Bansal said on Friday.
Infosys posted stronger-than-expected profit for the third quarter of the financial year that began last April and raised its annual revenue forecast, sending its shares 13 percent higher.
(Reporting by Harichandan Arakali; Editing by Ryan Woo)
- Tweet this
- Share this
- Digg this
- CBS drops Rihanna from 'Thursday Night Football' after rebuke
- Apple iPhone 6 pre-orders hit record 4 million on first day
- Google launches $105 Android One; eyes low-price smartphone boom
- U.S. leaders call for 'war' on Ebola outbreak, pledge troops
- OECD unveils proposals to curb corporate tax avoidance
India will decide on ending government control on diesel pricing after elections in two states next month, an oil ministry source said, even though local prices of the fuel are currently higher than the global rates, making a case for a cut in retail prices. Full Article
India says to defend China border after standoff ahead of Xi visit. Full Article
Climate smart farmers get tech savvy to save India's bread basket. Full Article