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Article: Patni revises guidance on operating margin, net income.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 23, 2005
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Patni revises guidance on operating margin, net income
Mumbai, Nov 22 (PTI) Patni Computer Systems Limited today said that it has adjusted its guidance on operating margin from 16-16.50 per cent to 15.75-16.25 per cent for this calendar year primarily due to fluctuations in forex rates and increase in subcontractor expenses.
Correspondingly, the company updated its net income guidance, given earlier in October, to 63-64 million dollars, it said in a registration statement filed with the Securities and Exchange Commission (SEC) for its proposed offer of 6.87 million ...