Infosys ups revenue guidance by 1.5 percent

Bangalore, Jan 11 (IANS) Infosys Ltd has revised its revenue guidance for this fiscal (2012-13) by 1.5 percent to $7.5 billion from previous projection of $7.3 billion on better performance during the third quarter (Oct-Dec).

In a regulatory filing Friday, the IT bellwether said its consolidated revenues for the fiscal under review (FY 2013) would be $7.450 million ($7.5 billion) as against $7,343 ($7.3 billion) guidance it gave at the beginning of the third quarter (Q3) July 12, 2012.

The revised revenue, however, includes $104 million from its newly acquired consulting business Zurich-based Lodestone Holding.

The global software major discontinued giving quarterly guidance for Jan-March of this fiscal in view of repeat business being around 97-98 percent.

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