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
- Preview: Basel fans baffled by new coach Sousa's switches
- Obama, Modi vow to boost strategic ties, create model for world
- Preview: Arsenal must now beat Galatasaray, says Cazorla
- China censors try to blunt Hong Kong protests, don't always succeed
- Police arrest 140 for religious clashes in Vadodara as Modi tours U.S.
Prime Minister Narendra Modi must not give in to U.S. pressure to change intellectual property laws which allow India to produce generic medicines poor people can afford, the medical charity Doctors Without Borders (MSF) said. Full Article | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article