BANGALORE 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)
Trending On Reuters
State Bank of India, the nation's top lender by assets, posted better-than-expected quarterly bad debt levels on Friday and said it now expected an improvement, a long-awaited sign of easing pressure that helped its shares jump over five percent. Read | Full Coverage
Gold demand slows as China eyes equities; lack of weddings in India weighs Full Article