Bangalore: Infosys Ltd projected flat revenue growth for this fiscal (2012-13) in dollar terms at $7.34 billion, projecting five per cent year-on-year (YoY) growth under the International Financial Reporting Standards (IFRS). In a regulatory filing on Friday, the IT bellwether said in rupee terms, revenue for the fiscal under review (FY 2013) would, however, be Rs.39,582 crore, which is 1.9 per cent lower YoY than it projected in July at Rs.40,364 crore, as the rupee strengthened to Rs.53 per dollar from Rs.55 at the end of the quarter.
On annualised basis, the revenue growth, however, will be 17.3 per cent YoY as against 19.7 per cent YoY the global software major projected in July. As in the previous quarter, the blue chip firm skipped giving revenue guidance for the third quarter (Oct-Dec) of this fiscal.
Even in hard times, the IT bellwether has rewarded its investors by declaring a whopping 300 per cent interim dividend for first half (June-Sep) of this fiscal (2012-13). In a regulatory filing Friday, the global software major said it would pay Rs.15 per share of Rs.5 on par value for the period ending Sep 30, same as in the like period of last fiscal (2011-12).
The blue chip firm's scrip, however, lost over seven per cent on the Bombay Stock Exchange (BSE) in the first hour of trading at Rs.2,350 at 10a.m. as against Thursday's closing of Rs.2,531....more
11:10 AM, Oct 12, 2012