January 11, 2013 / 5:02 AM / in 5 years

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.

Employees walk in a forecourt at the Infosys campus in the Electronic City area of Bangalore September 4, 2012. REUTERS/Vivek Prakash/Files

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below