Bengaluru: Buoyed by modest growth in the third quarter, global software major Infosys on Friday revised upwards its revenue guidance for fiscal 2019-20 to 10-10.5 per cent in constant currency. Also Read - Infosys to Pay Rs 5.6 Crore to California to Settle Visa Payment Dispute Over Foreign Workers
“Revenue guidance is increased to 10-10.5 per cent in constant currency for fiscal 2019-20 from 9-10 per cent projected on October 11, 2019,” the city-based IT firm said in a regulatory filing on the BSE. Also Read - KBC Finale on November 29 to Host Infosys Foundation Chairperson Sudha Murty
It, however, maintained the operating margin guidance range at 21-23 per cent for the fiscal. Also Read - Infosys to Code Digital Applications to US-based Arlanxeo
Consolidated revenue for the third quarter grew 7.9 per cent sequentially and 2 per cent annually to Rs 23,092 crore from Rs 21,410 crore a quarter ago and Rs 22,629 crore in the same period a year ago.
Operating margin for the quarter (Q3) at 21.9 per cent was flat (0.2 per cent) sequentially over the second quarter.