ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

India's Infosys misses profit expectations as costs surge

Operating margins for June quarter was 20.1%, down 3.6%

A man walks past a billboard of Infosys office in Bangalore, India.   © Reuters

BENGALURU (Reuters) -- India's Infosys on Sunday reported June-quarter profit that missed estimates, hurt by higher employee expenses, but the IT services company raised its annual revenue outlook, citing a strong demand outlook.

The Bengaluru-based company expects revenue growth of 14%-16% for the financial year to March, slightly up from its view of 13%-15% forecast in April.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more