Mumbai, Apr 13: Information Technology (IT) major, Infosys Technologies &13;Ltd today declared that its revenues were expected to grow by 22.6-24.6 per &13;cent in the current financial year (2007-08) and reach a whopping USD four &13;billion.
In its guidance, the NASDAQ-listed software major predicted that its revenues &13;were expected to be in the range of Rs 17,038- 17,308 crore, a year-on-year &13;growth of 22.6-24.6 per cent.
Infosys gave a strong guidance in dollar terms as per US GAAP. It expects the &13;consolidated earnings per American Depositary Share, (excluding tax reversal of &13;USD 29 million in fiscal 2007), between USD 1.86 and USD 1.89 for financial &13;year 2008, an year-on-year growth of 25.7-27.7 per cent. Infosys expects &13;consolidated revenue between USD 3.95 billion and USD 4.02 billion, a &13;year-on-year growth of 28-30 per cent.
For Q1 June 2007, Infosys expects the consolidated earnings per American &13;Depositary Share at USD 0.41, a year-on-year growth of 28.2 per cent. It &13;expects revenue between USD 904 million and USD 908 million, a year-on-year &13;growth of 37-37.6 per cent.
''Our revenues are expected to grow to USD four billion next fiscal &13;(2007-08),'' Chief Operating Officer and Joint Managing Director S &13;Gopalakrishnan said in a release here today.
''Our continuous investments in brand, infrastructure, technology, people, &13;intellectual capital and service offerings have positioned us well to take full &13;advantage of the continued globalisation of services,'' he said.
Besides, the company has reported a 69.27 per cent rise in its net profit at &13;Rs 1,124 crore for the quarter ended March 31, 2007, as compared to Rs 664 &13;crore over the same period last fiscal.
It has posted 43.38 per cent growth in its total income at Rs 3,675 crore for &13;Q4FY07, as against Rs 2,563 crore during the corresponding period last year, &13;the release added.
UNI
In its guidance, the NASDAQ-listed software major predicted that its revenues &13;were expected to be in the range of Rs 17,038- 17,308 crore, a year-on-year &13;growth of 22.6-24.6 per cent.
Infosys gave a strong guidance in dollar terms as per US GAAP. It expects the &13;consolidated earnings per American Depositary Share, (excluding tax reversal of &13;USD 29 million in fiscal 2007), between USD 1.86 and USD 1.89 for financial &13;year 2008, an year-on-year growth of 25.7-27.7 per cent. Infosys expects &13;consolidated revenue between USD 3.95 billion and USD 4.02 billion, a &13;year-on-year growth of 28-30 per cent.
For Q1 June 2007, Infosys expects the consolidated earnings per American &13;Depositary Share at USD 0.41, a year-on-year growth of 28.2 per cent. It &13;expects revenue between USD 904 million and USD 908 million, a year-on-year &13;growth of 37-37.6 per cent.
''Our revenues are expected to grow to USD four billion next fiscal &13;(2007-08),'' Chief Operating Officer and Joint Managing Director S &13;Gopalakrishnan said in a release here today.
''Our continuous investments in brand, infrastructure, technology, people, &13;intellectual capital and service offerings have positioned us well to take full &13;advantage of the continued globalisation of services,'' he said.
Besides, the company has reported a 69.27 per cent rise in its net profit at &13;Rs 1,124 crore for the quarter ended March 31, 2007, as compared to Rs 664 &13;crore over the same period last fiscal.
It has posted 43.38 per cent growth in its total income at Rs 3,675 crore for &13;Q4FY07, as against Rs 2,563 crore during the corresponding period last year, &13;the release added.
UNI
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