Infosys Technologies has termed the current global environment as “difficult and challenging” but said it is sticking to its quarterly and FY09 revenue guidance for now. The Bangalore based company is also scouting for acquisitions of up to $700 million in areas such as consulting, SAP implementation and BPO, and geographies including Europe and Japan.
Infosys, last month, cut its dollar revenue guidance for fiscal 2009 by six percentage points. It now expects revenues to be between $4.72-4.81 billion. Also the company has given a third quarter revenue guidance of $1,175-1,220 million.