By IANS
Bangalore : Infosys Technologies Ltd has retained its revenue guidance for this fiscal (FY 2008) at Rs.167 billion, projecting year-on-year (YoY) growth of 20 percent under Indian GAAP.
In a notification to the stock exchanges here Friday, the IT bellwether said its consolidated income under Indian GAAP for this fiscal (2007-08) would be in the range of Rs.166.3-166.5 billion, reflecting YoY growth of 19.7-19.9 percent under Indian GAAP.
Under the US GAAP, the consolidated revenue is expected to be $4.2 billion, projecting YoY growth of 35 percent for FY 2008.
At the beginning of the third quarter in October, Infosys revised its guidance upwards to Rs.166.5 billion ($4.2 billion) from the previous projection of Rs.162-164 billion under Indian GAAP and $4 billion under US GAAP.
For the fourth quarter (Jan-March) of this fiscal, the top-line growth (revenue) is projected to be about Rs.45 billion under Indian GAAP, a YoY growth of 19 percent, and $1.14 billion under the US GAAP, a YoY growth of 32 percent.
Earlier on Friday morning, Infosys announced a net profit of Rs.12.3 billion during the third quarter (Oct-Dec) of this fiscal (2007-08), registering year-on-year (YoY) growth of 25 percent under the Indian GAAP.
In a notification to the stock exchanges here, the company said the consolidated income for the quarter under review (Q3) was Rs.42.7 billion, posting YoY growth of 17 percent under the Indian GAAP.