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...
2005 #39 nfosys Technologies Limited, a technology services company, defines, designs, and delivers information technology enabled business solutions. The company, together with its subsidiaries, provides various services, including business consulting, package enabled consulting and implementation, custom application development, maintenance and production suppo
I am clearly bullish on Infosys in view of the fact that it is a solid company and it is a bell weather stock. Another reason is that the tech pack has been low for a long time and there's scope for improvement.
On April 17, 2006, I posted Infosys (INFY) on Stock Picks Bob's Advice when the stock was trading at $84.78. INFY had a 2:1 stock split on July 18, 2006, making my effective 'pick price' actually $42.39. Infosys closed at $51.69 on October 12, 2007, giving my pick an effective gain of $9.30 or 21.9% since posting.
On October 11, 2007, Infosys (INFY) reported 2nd quarter 2008 earnings results. Revenues came in at $1.02 billion, up 37% from the prior quarter last year. Earnings per American Depositary Share (ADS) climbed 33% to $.48/share from $.36/share. Due
ICICI Bank (NYSE: IBN), India's second largest bank IBN, closed at $13.21 Wednesday. IBN December option implied volatility of 143 is above its 26-week average of 82 according to Track Data, suggesting larger price fluctuations.
Infosys (NASDAQ: INFY), a technology services firm based in India, closed at $24.31 Wednesday. INFY December option implied volatility of 91 is above its 26-week average of 59 according to Track Data, suggesting larger price movement.
Satyam Computer Services (NYSE: SAY), a technology solution provider based in India, closed at $12.62 Wednes
I have no idea is today’s big move is the first surge in a larger rally, or simply a knee-jerk recovery from last week’s huge sell-off, but what I do know is that it is nice to have a day when everything is flashing green. As I write this, about 2.5 hours into the trading day, the Nasdaq Composite is up more than 100 points, and more than 6%.
The Indian IT outsourcing companies are going to see a hit to earnings from the sagging global economy, Pacific Crest’s Kanchana Vydianathan asserted this morning. While still generally bullish on the sector, she cut estimates this morning for Satyam (SAY), Wipro (WIT), Patni (PTI), Infosys (INFY), Tata Consultancy and Cognizant (CTSH).
Vydianathan offered six factors affecting her revised view of the sector:
“Uncertainty” in the banking and financial services industry.
Potential slowdown in Europe and in other industries.
With worries about corporate technology spending rising, and the financial sector in turmoil, it might be time to step away from the Indian IT services companies.
Bhuvnesh Singh, an analyst with Credit Suisse, this morning cut his recommendation on the sector to Underweight from Market Weight, and warned that “a majority of Indian IT companies are likely to miss” Q3 guidance. “While companies are accepting a weaker environment, formal guidance continues to indicate a second half recovery that could disappoint,” he writes. “We are already picking up data points on project postponements and bi
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INFY
About Infosys Technologies Ltd
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On October 11, 2007, Infosys (INFY) reported 
ICICI Bank
