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7 pts

Opinion on  Infosys Technologies Ltd (INFY)     Sector: Technology  >  Industry: Software & Programming
Bullish on INFY ...

Jul 13, 2008 08:26 AM UTC
Return Risk
-18.26% MID
Analyst

INFY has announced its first quarter numbers. It has posted 4.24% growth in its first quarter consolidated net profit of Rs 1,302 crore as against Rs 1,249 crore in previous quarter.Net profit numbers are above markets' expectations while sales in line with estimates. Consolidated net sales shot up by 6.87% at Rs 4,854 crore from Rs 4,542 crore QoQ. Earning Per share for the first quarter stood at Rs 22.71 versus Rs 21.79. The company has added 49 clients and 3,192 employees in Q1. Guidance FY09 revenues guidance revised to Rs 21,278-21,622 crore FY09 EPS guidance at Rs 99.34-101.06 Q2 net profit seen at Rs 5,229-5,272 crore Q2 EPS guidance of Rs 23.50 23.95 Infosys says pricing environment is stable for first quarter. Exchange rate for FY09 guidances taken at 43.04 per dollar. Dollar revenue guidance has not increased.


INFY:  This call was made on 07/13/08 @ $38.14
Rating:   Positive   $38.14 (07/13/08)
Gain/Loss:   -37.60% in 144 days
Target:   $52.00 (+36.34%) in Six months


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Agent Alan   N/A     1 point   commented 144 days ago reply

good news, keep going.


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Who voted on this idea?
Agent Alan N/A 07/13/2008



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denispinto123 previously rated INFY
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