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Infosys says Q1 margin seen down 2 pct q/q
April 13, 2012 / 5:08 AM / 6 years ago

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.

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

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

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