Click to play videoNew Delhi: The software major Infosys has warned that its results in dollars suffer because of the relative weakness of other currencies like the Euro against the Dollar.
Infosys CFO V Balakrishnan felt that there could be an impact seen on reported dollar numbers. He believed that it was too early to speculate on the missing dollar guidance numbers.
He said that the rupee depreciation will offset the margin impact. However, the pricing environment was still fine, he said.
Balakrishnan said that 30 per cent of revenues from other currencies have depreciated against the Dollar. The reported dollar numbers will be impacted due to depreciation in other currencies.
However, the software major also says it is too early to state whether the company would miss its second quarter guidance.
The Infosys stock has been hit hard by the news and fallen by six per cent. The stock was trading at Rs.1749 on Friday.
(With inputs from moneycontrol.com)
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