Revenue from operations during the third quarter rose by 1% to Rs 38,821 crore, compared with Rs 38,318 crore in the corresponding quarter of last year.
The company has revised its revenue guidance to 1.5%-2% in constant currency terms from 1%-2.5% earlier.
In the revenue forecast for FY24, the Bengaluru-based IT exporter has raised the estimate to 1.5% but trimmed the same at the upper end to 2%. However, the company has retained its operating margin target of 20-22%.
During the third quarter under review, revenue in constant currency terms (CC) terms declined 1% YoY. Operating margins for the same period fell 1% YoY.
More to come…