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Technology

Infosys boosts revenue growth forecast on US reopening hopes

Indian IT services group reports over 20% jump in quarterly profit

The Infosys campus in Bangalore: The Indian company expects to hire 35,000 graduates as demand for talent grows.   © Reuters

MUMBAI -- Infosys, India's second-largest software services exporter, on Wednesday raised its top line growth forecast for the current fiscal year, anticipating a post-pandemic rebound in contracts as U.S. and European companies accelerate their shift to mobile technology.

The New York- and Indian-listed company reported a 22.7% year-on-year rise in net profit for the April-June quarter to 51.95 billion rupees ($697 million). Revenue growth guidance was upgraded to 14% to 16% for the year ending March 2022 in constant-currency terms.

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