Sodexo Reports 7.7% Rise In Revenue

Sodexo SA SDXAY reported a 7.7% increase in its revenue in the first nine months of fiscal 2011. The group's revenue surged to 12.41 billion euros ($17.88 billion). Its organic growth for the nine-month period came in at 5.2%. Sodexo reiterated its fiscal-year forecast for revenue growth of 4.5% and operating profit growth of 10%, excluding the impact of currency fluctuations. SDXAY shares fell 0.32% to close at $78.10 yesterday. Read more from Benzinga's Company news.