Infosys' quarterly revenue crosses US$ 1 billion

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India’s Infosys Technologies on Thursday revised upward its revenue guidance for the financial year ending in March as steady demand in its target markets and a more stable rupee helped its business.

The company, the first of India’s information technology services groups to report results for the second quarter ended September 30, said revenue in rupee terms was expected to grow by up to 20 per cent this fiscal year compared with earlier guidance of up to 18.3 per cent. In dollar terms, it revised its guidance for year-on-year sales growth to up to 35 per cent from 31 per cent previously.

Infosys, India’s second-largest computer services group, said net profit in the second quarter was Rs10.1bn, up 18.4 per cent year-on-year, on sales of Rs41.1bn, up 19 per cent.

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