October 11, 2007 / 7:28 AM / 12 years ago

Infosys says FY08 margins may fall 50-100 bps

BANGALORE, Oct 11 (Reuters) - Infosys Technologies Ltd’s (INFY.BO) operating margins for the full year to March 2008 may fall by 50-100 basis points, Chief Financial Officer V. Balakrishnan said on Thursday.

A firm rupee hit the firm’s September quarter margins by 50 basis points, it had earlier said.

The rupee INR=IN, which rose more than 2 percent against the dollar in the quarter and has risen more than 12.5 percent this year, is a worry for export-focused software firms such as Infosys that get more than half of their revenue from the United States.

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