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Infosys expects operating margin of 26 percent this financial year
January 11, 2013 / 5:02 AM / 5 years ago

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

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