Infosys sees FY12 sales rise 15.5-17.5%, EPS view tad up

Moneycontrol Bureau

Technology bellwether Infosys has raised its full year (2011-12) EPS (earnings per share) guidance slightly to Rs 128.20-130.08, compared with Rs 126.05-128.21 it had guided at the end of the fourth quarter. Revenue for the fiscal is expected to be in Rs 31,777-32,311 crore range, up 15.5-17.5%. In dollar terms, Bangalore-based Infosys expects earnings of USD 2.88-2.92 per ADS, while revenue growth is maintained at 18-20% in USD 7.13-7.25 billion range. For the second quarter, Infosys expects revenue of Rs 7,699-7,810 crore, while EPS is seen in Rs 29.64-30.15 range. In dollar terms, revenue is seen up 15.6-17.3%, on earnings of USD 0.67-0.68 in Jul-Sep. Infosys shares plunged over 5% to Rs 2,772.35 on NSE in morning trade, as investors were disappointed with the company