BENGALURU :India’s second-largest software services exporter Infosys narrowed its revenue growth forecast for the year on Thursday to 2 per cent-3 per cent from 1 per cent-3 per cent, even amidst slowing demand in a challenging macroeconomic environment.
The company reported second-quarter revenue that beat average analyst estimates on the back of strong performance in its financial services and manufacturing verticals.
It’s consolidated sales rose 8.5 per cent on-year to 444.9 billion rupees ($5.06 billion) in the September quarter. Analysts, on average, expected 439.29 billion rupees, as per data compiled by LSEG. ($1 = 87.8590 Indian rupees)
