BENGALURU/NEW DELHI - Infosys on Friday raised the low end of its revenue forecast for the current financial year on upbeat demand from Western clients.
The Bengaluru-headquartered company now expects revenue to grow between 9% and 10% on constant currency basis in the year to March 2020, compared with its previous guidance of between 8.5% and 10%.
The company's consolidated net profit fell 2.2 percent to 40.37 billion rupees ($568.11 million) in the second quarter ended September, while analysts on average had expected a profit of 40.16 billion rupees.
Revenue from operations rose 9.8%.
Infosys, like its rival Tata Consultancy Services , has gained prominence by giving Western clients low-cost solutions. It is betting big on digital services such as big data, machine learning and cloud computing.
"It's (digital) looking really robust," Infosys Chief Executive Officer Salil Parekh told a news conference in Bengaluru.
Digital revenues comprised 38.3 percent of Infosys' overall sales in the quarter.
($1 = 71.0600 Indian rupees)