IT major Infosys Ltd has projected an annual revenue growth of 12.7 per cent to 14.7 per cent for fiscal 2016-17 in rupee terms (based on the exchange rates as of March 31, 2016).
“We will continue to focus on leveraging operational efficiency levers for consistent profitable growth.” said MD Ranganath, CFO. “During the quarter, cash generation was strong. We managed a volatile currency environment effectively.”
Infosys sees revenues growth of 11.5-13.5 per cent in constant currency terms and 11.8-13.8 per cent growth in dollar terms in 2016-17.
Commenting on the results, Infosys CEO Vishal Sikka said, “We started the year just two quarters into a strategy to completely reimagine the notion of services and to transform Infosys. Over the course of this year, we saw this strategy of bringing automation and innovation to our clients…start to show results in the organic growth of our client relationships in our win rates in large deals and in the types of projects we are seeing in strategic areas where we never participated before.”