NEW DELHI: India's second biggest software services exporter Infosys on Friday reported a 1.4 per cent growth in its net profit at Rs 3,483 crore for the April-June quarter. However, unlike its rival, Tata Consultancy Services ( TCS ), which had declared its results on Thursday, the Vishal Sikka-led IT company turned the tides on these expectations.The IT behemoth raised its dollar revenue guidance, which is seen as a positive by the Street. Infosys raised dollar revenue guidance to 7.1-9.1 per cent for the year, against its April forecast of 6.1-8.1 per cent.At the operating level, Infosys reported margin of 24.1 per cent vs 24.6 per cent in the March quarter. Infosys maintained FY18 revenue guidance in constant currency. At the end of the previous quarter (January-March) Infosys had a revenue growth guidance of 6.5-8.5 per cent for FY18 in constant currency.

Source: Times of India July 14, 2017 03:50 UTC