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Infosys: Growth and Future Uncertainties

Infosys shows a better performance during the Q1 of FY18.
BY BEx Bureau
BusinessEx
Jul 15, 2017

Infosys Ltd displays better figures in terms of performance by forecasting in dollar revenue growth for the financial year.

In Q1 Infosys revenues grew at 3.1% on sequential basis and 2.7% in constant currency terms. But in comparison to Infosys TCS grew by only 2%.

Vishal Sikka, CEO of Infosys said, Im very happy with our results. It was a very strong, broad-based performance on multiple fronts: revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results.

Infosys net profit rose 1.4% to Rs3,483 crore for the first quarter year on year, while revenue grew 1.8% to a Rs17,078 crore. On a sequential basis, Infosys fared badly. Revenues fell 0.2% while net profits fell 3.3%.

A Bloomberg survey of 21 analysts projected companys profit of Rs3,429.60 crore on net sales of Rs16,987.9 crore, or $2.64 billion.

Infosys dollar revenue view for 2017-18 shows rise of 7.1-9.1% from its earlier forecast of 6.1-8.1%, while the revenue direction in constant currency terms remains unaffected to 6.5%-8.5% for the full year. The operating margin for Infosys was 24.1%.

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