Infosys Sales Forecast Beats Estimates After Major Deal Wins
- Sales projected to grow as much as 13.8% in U.S. dollar terms
- India's No. 2 software exporter is capturing new IT business
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Infosys Ltd. forecast better-than-expected sales growth this fiscal year, as India’s second largest software exporter captures new contracts for information technology services.
Sales will rise between 11.8 percent and 13.8 percent in U.S. dollar terms for the 12 months ending March, the Bangalore-based company said Friday. That compares with the 10.5 percent to 12.5 percent median growth estimate of four analysts surveyed by Bloomberg News. Infosys is the first of India’s IT giants to report earnings and is seen as a bellwether for the industry.