Strong $ may impact revenue: Infosys

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Infosys Technologies' could see its dollar revenues hit by the rise of the US currency against euro and British pound, although the rupee's fall would lessen the impact, its chief financial officer said.

But it was too early to speculate about the impact on the dollar revenue guidance of India's second-largest software services exporter, V. Balakrishnan said on Friday.

"The impact on reported dollar numbers could be there ... because other currencies have weakened against the dollar, it could be a lesser dollar number," he said. In July, Nasdaq-listed Infosys said its revenue in dollar terms in the quarter to September would rise by 18.9 per cent to 19.9 per cent, while growth in the full fiscal year ending in March 2009 was pegged at 19 per cent to 21 per cent.

"Net-net the impact on margins won't be that much, because the rupee has depreciated against the dollar and other currencies have depreciated against the dollar," Balakrishnan said.

"So that will offset some of the impact."

UBS analyst Govind Agarwal said the ‘sharp and sudden’ appreciation of the US dollar against the British pound and euro would hit the Indian software services firms' revenue in dollar terms by 1-2 per cent in the July-September quarter.