Infosys Q1 dollar revenue growth likely to touch 5%

IT bellwether Infosys Technology is expected to beat the uncertain macroeconomic turbulence in Europe and cross-currency headwinds to post 5-5.4% sequential dollar revenue growth in the June quarter. Some analysts believe that this rate of growth would be the best among the major IT firms, notably TCS and Wipro. Infosys will declare its first quarter results on Tuesday. June quarter was possibly Indian IT industry s best since the recession set in. An uptake in banking financial services and insurance (BFSI) as well as the slow to recover manufacturing sector has led analysts to believe that Infosys might raise the full-year ...

More...