(Bloomberg) -- Infosys Technologies Ltd., India's
second-largest computer-services provider, cut its profit and
sales estimates after a stronger rupee eroded the value of
earnings from the U.S., its largest market.
Net income is expected to reach 78.2 rupees ($1.94) to 79
rupees per share in the year ending March 2008, Infosys said in a
statement today, less than the 80.29 rupees to 81.58 rupees
estimate in April. Sales will range from 162.38 billion rupees to
164.33 billion rupees, trailing the earlier forecast of at least
170.38 billion rupees.
Read more at Bloomberg Emerging Markets News
second-largest computer-services provider, cut its profit and
sales estimates after a stronger rupee eroded the value of
earnings from the U.S., its largest market.
Net income is expected to reach 78.2 rupees ($1.94) to 79
rupees per share in the year ending March 2008, Infosys said in a
statement today, less than the 80.29 rupees to 81.58 rupees
estimate in April. Sales will range from 162.38 billion rupees to
164.33 billion rupees, trailing the earlier forecast of at least
170.38 billion rupees.
Read more at Bloomberg Emerging Markets News
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