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Infosys increases revenue growth forecast amid upbeat technology spending trend

Third-quarter profit, however, lags behind estimates on one-time expenses

  © Reuters

MUMBAI (NewsRise) -- Infosys raised its revenue growth forecast for this fiscal year, reflecting India's second-largest software exporter's bullish outlook on technology spending.

The New York- and Mumbai-listed company expects its revenue, barring currency fluctuations, to grow 8.5% to 9% in the year ending in March, it said in a statement on Friday. The company had previously forecast 6% to 8% growth for this fiscal year.

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