Infosys Raises Sales Forecast as European IT Demand Revives
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Infosys Ltd., India’s second-largest software exporter, raised its annual sales growth forecast for the second consecutive quarter as economic recovery prompts clients in Europe to spend more.
Revenue in dollar terms will increase by between 11.5 percent and 12 percent in the year ending March 31, Bangalore-based Infosys said in a statement today. That compares with the company’s October forecast for growth of 9 percent to 10 percent.