India’s Infosys Technologies expects revenue growth in the fiscal year starting in April to be better than 2009/10 as a recovery inthe global economy spurs investments by its clients, a senior official said.
India’s second-largest IT services exporter has forecast its dollar revenue will decline 1.0-1.3 percent to $4.60-$4.62 billion in the current fiscal year to March, making it the company’s first ever year of negative growth.
“At this point, we do believe that there will be better growth next year than we have seen this year. We just don’t know how much,” said Subhash Dhar, senior vice-president and head of global sales and marketing. “The Jan-March quarter will be critical because that’s when the budgets will be revealed to us and we get to know the trends much better,” Dhar, who is also an executive council member at Infosys, told Reuters in an interview on Tuesday.
Growth in India’s once-booming software services firms has slowed sharply as the largest downturn since the Great Depression triggered a collapse in outsourcing demand from overseas clients and put pressure on prices.
Source : http://economictimes.indiatimes.com/infotech/ites/Infosys-sees-better-revenue-growth-in-FY11/articleshow/5340469.cms
