Pepsico revenue rose 17%

The company, which also owns the Frito-Lay snacks business, said it expects earnings and revenue growth in 2008.

PepsiCo, the world's second-largest
soft drink maker said that its fourth-quarter profit fell 31% from a
year ago, when results included a USD 128 millions tax benefit.

Revenue in the October-to-December
quarter rose 17% to $12.35 billion from $10.57 billion a year ago.