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Infosys lowers revenue guidance for fiscal 2017

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Infosys lowers revenue guidance for fiscal 2017

InfosysLtd. lowered its revenue guidance for the fiscal year ending March2017.

The company now expects its revenue to grow 10.5% to 12.0%in constant currency, down from its earlierguidance of 11.5% to 13.5%. Based on U.S. dollar rates as of March30, the constant currency guidance translates to about 10.8% to 12.3%.

The company also said it partnered with andIndia's Paytm Payments Bank, among other clients, to provide the banks with itspayment solutions.

Paytm Payments Bank chose Infosys Finacle as the corebanking solution for its payments bank. The company was one of the 11 entitiesthat received payments banklicenses from India's central bank in 2015.

National Australia Bank also hired Infosys to build and runthe technology solution that will enable it to participate in the New PaymentsPlatform, an industry-led program in Australia aimed at delivering faster,flexible and data-rich payments.