More importantly, Infosys raised the lower end of the revenue guidance for the 2019-20 financial year. The revised guidance is a growth rate of 9-10 per cent in constant currency against the earlier forecast of 8.5-10 per cent growth. Revenue during the quarter grew 9.8 per cent to Rs 22,629 crore over Rs 20,609 crore last year. “Our performance was robust on multiple dimensions — revenue growth, digital growth, operating margins, operational efficiencies, large deals and reduction in attrition. A 3.3-per-cent quarter-on-quarter constant currency revenue growth with a 120-basis-point improvement in operating margins sequentially keeps the faith alive on Infosys’s recovery through 2019-20,” the brokerage said.

Source: The Telegraph October 11, 2019 19:30 UTC