Categories: विज्ञान

India's Infosys narrows annual revenue growth forecast

BENGALURU (Reuters) -India's second-largest software services exporter Infosys narrowed its revenue growth forecast for the year on Thursday to 2%-3% from 1%-3%, even amidst slowing demand in a challenging macroeconomic environment. The company reported second-quarter revenue that beat average analyst estimates on the back of strong performance in its financial services and manufacturing verticals. It's consolidated sales rose 8.5% on-year to 444.9 billion rupees ($5.06 billion) in the September quarter. Analysts, on average, expected 439.29 billion rupees, as per data compiled by LSEG. ($1 = 87.8590 Indian rupees) (Reporting by Haripriya Suresh; Editing by Savio D'Souza)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Inkhabar webdesk

Share
Published by Inkhabar webdesk

Recent Posts

Indian engineering firm Tata Tech's profit rises on non-core business boost

(Reuters) -Indian engineering firm Tata Technologies reported a 5% rise in second-quarter profit on Friday,…

1 minute ago

Recipe: Creamy spaghetti with roasted pumpkin and bacon

Cologne (dpa) – Autumn might be here, but has it brought its vibrant yellows and…

2 minutes ago

French movie star Brigitte Bardot hospitalized, newspaper reports

PARIS (Reuters) -Reclusive former French movie star Brigitte Bardot, 91, has been hospitalized for the…

3 minutes ago

Global bank stocks shiver as US credit risks spark reality check

By Alun John, Ankur Banerjee and Manya Saini SINGAPORE/LONDON (Reuters) -Fear over credit quality in…

9 minutes ago

Meta to give teen parents more control after criticism over flirty AI chatbots

(Reuters) -Meta said on Friday it will let parents disable their teens' private chats with…

12 minutes ago

M. Night Shyamalan announces series and releases horror-romance novel

Los Angeles (tca/dpa) - Filmmaker M. Night Shyamalan is dipping his hands into the world…

13 minutes ago