Infosys fails to impress on client numbers

BANGALORE: Bangalore-based Infosys on Tuesday said the total number of clients it had in the $200 million bucket went down by one, while those in the $100 million bucket reduced by two. Infosys currently has 890 active clients compared to 888 active clients in the previous quarter.

The revenue contribution from top client marginally declined to 3.6% of overall revenues, against 3.7% in the third quarter. Contribution from top five clients and top 10 clients remained unchanged.

“I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY’14 has been disappointing,” Infosys chief executive SD Shibulal said in a statement.

Infosys, India’s second largest software company said it expects fiscal 2015 revenues to grow in the 7% to 9% range. That compares with the industry's export growth estimate of 13% to 15%.