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Infosys projects 13-15% revenue growth on strong cloud demand

But Indian IT giant misses analyst estimates for January-March revenue, profit

Infosys is enjoying robust demand for its digital services, especially cloud offerings.   © Reuters

BENGALURU -- Infosys anticipates revenue growth of 13-15% for the financial year ending March 2023, India's second-largest information technology company said Wednesday, driven by strong demand for its digital services, particularly cloud offerings.

Revenue for the January-March quarter rose 22.7% on the year to 322.76 billion rupees ($4.25 billion), outpacing larger rival Tata Consultancy Services' 15.75% growth in revenue to 505.91 billion rupees announced Monday.

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