IT Staffing Report: July 25, 2013

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Infosys ‘cautiously optimistic’

Infosys Ltd. (NYSE: INFY) revenue rose 17.2 percent year over year  to 112.67 billion Indian rupees in its fiscal first quarter ended June 30. “Despite facing an uncertain macro environment, changing regulatory regime and a volatile currency environment, we have done well in Q1 and are cautiously optimistic about rest of the year,” said CEO and Managing Director S.D. Shibulal.

The information technology services company expects revenue for the fiscal year ending March 31, 2014, to growth 13 percent to 17 percent in Indian rupees.

First-quarter revenue was $1.99 billion as reported in U.S. dollars

Infosys net profit rose 3.7 percent year over year to 23.74 billion Indian rupees. It was reported in U.S. dollars as $418 million.

Recently, the company reported that founder N.R. Narayana Murthy returned to the board as chairman and director.

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