Infosys sees fiscal 2013 sales growing 5 pc

Infosys Ltd, India's no. 2 IT services exporter, said it expects sales in the fiscal year ending March 2013 to grow by 5 per cent to $7.34 billion, below its estimate in April of 8-10 per cent growth.

The company earlier matched expectations with a 33 per cent rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.

Analysts had forecast a net profit of Rs 2,300 crore for the Bangalore-based company, according to Thomson Reuters data.

Infosys said it expects sales in FY13 to grow by 5 per cent to $7.34 billion, below its estimate of 8-10 per cent.

Infosys added 51 new clients in the quarter, the company said in a statement.

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