BENGALURU, October 13 (Hfrance.fr) - The Indian target of Infosys Ltd (INFY.NS) on Wednesday raised its annual revenue outlook, betting on increased demand for software services from global companies expanding their digital offerings during COVID - 19 pandemic.
The country's No.2 IT services company predicts a 16.5% increase in turnover to 17, 5% in the fiscal year ended March 2022, compared to its July forecast of 14% to 16% growth.
" The pipeline (of the deal) looks really strong and robust, "Managing Director Salil Parekh said at a press conference. "This (the outlook) gives us a way to demonstrate that we are confident that growth is shaping up well in the coming quarters.
US- Infosys quoted shares rose 4% in pre-market trading, also beating estimatesMarket ons for quarterly consolidated net profit with a nearly 12% jump to 54.21 billion rupees ($ 719.48 million). Its operating revenues jumped 20.5%.
India's $ 194 billion IT services industry has won major contracts Over the past year, companies investing in services such as cloud computing, digital payments and cybersecurity.
But signs have started to emerge a slowdown from the peak recorded last year. Infosys said large contract signatures fell to $ 2.15 billion in the quarter ended September 30, from $ 2.6 billion in the June quarter and $ 3.15 billion a year earlier.
Results at a bigger rival Tata Consultancy Services (TCS.NS) Last week also showed signs of moderation in large transactions. learn more
Struggling with a war for talent in the industry, Infosys said it plans to hire 45,000 college graduates this year after the rate of voluntary attrition for its IT services segment fell from 12.8% to 20.1% in the quarter. a year earlier.
During this time, the little rival Wipro Ltd (WIPR .NS) recorded an 18.9% increase in its quarterly consolidated net profit.
($ 1 = 75.3460 Indian rupees ) Report by Nallur Sethuraman in Bangalore; Éedited by Aditya Soni
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