India's Infosys raises revenue forecast as demand rises


Larger rival TCS, which counts Microsoft Corp and Malaysia Airlines among its customers, last week reported a rise third-quarter profit and forecast strong growth for the year ahead.

BENGALURU/NEW DELHI: India's Infosys Ltd on Wednesday raised its annual revenue growth forecast, betting on a surge in client demand for digital services such as cloud computing and buoyed by large deal wins worth more than $7 billion in the quarter to December.

Companies such as Infosys and local rivals Tata Consultancy Services (TCS) and Wipro have become major global players offering services spanning back office work for banks to social media content moderation as well as more traditional technical support.

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