Infosys sees FY11 margins down 150 bps

BANGALORE, April 13 (BestGrowthStock) – Infosys Technologies Ltd
(INFY.BO: ), India’s No. 2 software services exporter, expects
2010/11 profit margins to drop 150 basis points mainly due to a
firmer rupee, its chief operating officer said on Tuesday.

Pricing of contracts, which had fallen 1.5 percent in the
March quarter, is seen to be stable in the current financial
year which started on April 1, S.D. Shibulal told reporters.

Infosys earlier forecast revenue growth of 16-18 percent
for 2010/11, slightly higher than market estimates, on robust
outsourcing demand. [ID:nSGE63B06V]

Stock Market Analysis

(Reporting by Sumeet Chatterjee; Editing by Ranjit

Infosys sees FY11 margins down 150 bps