SENSEX NIFTY
Apr 12, 2013, 12.15 PM IST | Source: Moneycontrol.com

FY14 revenue guidance lower but achievable: Shibulal

The revenue guidance for fiscal year 2014 was below that of the industry guidance given by NASSCOM, because it would be an achievable target, SD Shibulal, MD & CEO, Infosys told analysts soon after the company announced its fourth quarter results.

The revenue guidance for fiscal year 2014 was below that of the industry guidance given by NASSCOM, because it would be an achievable target, SD Shibulal, MD & CEO, Infosys  told analysts soon after the company announced its fourth quarter results. The company had missed FY13 guidance by a wide margin.

The company management said the fourth quarter turned out to be a softer quarter than anticipated and the pressure on pricing and margin is likely to continue in the short-term. Quarter-on Quarter, the company saw 0.7% fall in pricing.

Meanwhile, US and European markets continue the remain soft and deal ramp-ups have been slower than anticipated in Q4, the management said. 

READ MORE ON  Shibulal, revenue , Infosys , guidance
Set email alert for

ADS BY GOOGLE

video of the day

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.