Infosys projects single-digit growth for FY 2010 (Lead)

Bangalore, April 15 (Inditop) Infosys Technologies Ltd has projected consolidated income of Rs.221-229 billion (Rs.22,066-22,928 crore) for the new fiscal (2009-10), indicating a single digit growth of 1.7-5.7 percent over the last fiscal (2008-09) as per the Indian accounting standard.

In a regulatory filing Wednesday, the IT bellwether said the earnings per share (EPS) for FY 2010 were expected to be in the range of Rs.96.95-101.18, a decline of 7.6-3.3 percent YoY.

Under the International Financial Reporting Standard (IFRS), consolidated revenues for fiscal 2010 are expected to be $4.35-4.52 billion, a decline of 6.7-3.1 percent YoY.

Similarly, for the first quarter (April-June) of this fiscal (2009-10), consolidated income is expected to be Rs.53.79-54.80 billion (Rs.5,379-5,480 crore), a modest growth of 10.8-12.9 percent YoY under the Indian accounting standard.

Under IFRS, consolidated revenues are expected to be around $1.06-1.08 billion, projecting a decline of 8.2-6.5 percent YoY.