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nfosys Ltd. (INFO), India’s second-largest software services exporter, fell the most in six months in Mumbai trading after cutting its annual revenue forecast as the rupee appreciates. The shares plunged as much as 8.8 percent to 2,311 rupees, headed for the biggest decline since April 13. The outsourcing company today cut its forecast for this fiscal [...]

Corporate miscreance takes so many forms that readers may wonder why I am highlighting the allegations against Infosys, the second biggest IT outsourcing company in India. The answer is that this case provides a window into a much bigger problem, namely, the lack of anything resembling coherent US industrial policy.

NYSE:EPI, NYSE:INP, NYSE:INDY, NASDAQ:INFY, NYSE:VWO

The financial media is ripe with the articles of praise for TCS and Infosys seems to have lost its glory over the last one year. See the headlines below: TCS takes over Infosys (livemint) TCS Infosys treading different paths (livemint) TCS topples Infosys as the most valued IT company (trak) TCS tops Infosys (DNA) Most of the analysts are not looking at the results of companies with sharp eyes.

Active traders and day traders have many stocks to choose from this Friday morning.  We are tracking news and moves in shares of Amylin Pharmaceuticals (NASDAQ: AMLN), Bronco Drilling Company (NASDAQ: BRNC), Chesapeake Energy (NYSE: CHK), Google, ...

By Sudeep Jain India’s information-technology index is down 4.1% on a day when the broader market is down just 1.2%, and Infosys Technologies is leading the way—demonstrating that a rise of nearly 14% in fourth-quarter consolidated net profit to 18...

I am of the mind that at least a portion of the market's recent sloppy period can be attributed to the fact that there has been a rather large void in terms of data inputs of late. In short, the economic calendar has been fairly empty and the earnings ...

Infosys Technologies Ltd. (NASDAQ: INFY), India's second-largest software company, is scheduled to release its fiscal fourth-quarter financial results before the opening bell on Friday, April 15, 2011. Analysts, on average, expect the company to report earnings of 70 cents per share on revenue of $1.63 billion. In the year ago quarter, the company reported earnings of 61 cents per share on revenue of $1.30 billion. Infosys Technologies Limited provides information technology (IT) and...

Cognizant, which counts Walmart among its top retail customers, has doubled its revenues from the segment in the last two years, and is set to challenge rivals like TCS , Infosys in increasing business from top retailers in the world. Earlier this week, the Nasdaq-listed IT company extended its contract with UK's largest [...]

Result Update: Infosys Technologies: Infosys' 3QFY11 results : Volume growth at 3.1% QoQ was below expectations. However, a 1.6% rise in average realizations were surprising. Margins came in line with market expectations.The guidance for a marginal growth in USD revenues in 4Q is predicated on the short term concerns about the global macro scene. Infosys management has likely taken a

Infosys Technologies Ltd. (NASDAQ: INFY), India's second-largest software company, is scheduled to release its fiscal third-quarter financial results before the market open on Thursday, January 13, 2011. Analysts, on average, expect the company to report earnings of 66 cents per share on revenue of $1.54 billion. In the year ago quarter, the company reported earnings of 59 cents per share on revenue of $1.23 billion. Infosys Technologies Limited provides information technology...

As the markets “melt up” into the Christmas and New Year holidays, corporate news flow overseas is providing a steady (if muted) drumbeat for the traders still watching their global screens.(...)Read the rest of Emerging ADRs and ETFs To Watch (EPI, CYB, SBS, INFY) Copyright 2010 ETFDAILYNEWS.COM The copying, republication or redistribution of ETFDailyNews Content, [...]

Infosys (NASDAQ: INFY) short-term visibility indicated as high, and unlike Cognizant (NASDAQ: CTSH) not seeing an end to "pent up" demand. Intermediate-term less so as clients keep project durations short. Long-term sees positioning, shift to more offshore, expanding service offering and significant penetration potential offering comfort to continued strong growth outlook. No financial update to be offered at analyst meeting. Pricing expected to remain flat. The CFO gave the impression...

Infosys Technologies Reco: ACCUMULATE CMP: Rs3,080 Target Price: Rs3,300 Solid show marred by muted earnings outlook ·       Revenues at US$ 1,496 mn (+10.2% QoQ) beat high expectations. Op mgns expanded by ~170 bps QoQ to 33.3% (V/s exp of ~190 bps increase) ·       Co wide vol growth at 7.1% QoQ (onsite vols up by ~15% QoQ) Broad based growth across verticals/service lines with Europe...

The currency wars are making INFY execs nervous ...

Oppenheimer has published a research report on Infosys Technologies Limited (NASDAQ: INFY) as the company experiences demand continuing to grow. In the report, Oppenheimer writes "Strong business momentum continued in 2Q:FY11 as revenue/EPS handily exceeded guidance and our estimate. Revenue growth was 10% Q/Q (vs. guidance of ~4.5% and 4.8% in 1Q:FY11). Europe (22% of revenue) rebounded, rising 16% Q/Q in constant currency terms (vs. -1% Q/Q in 1Q:FY11). The 3Q:FY11 outlook for 3-4% Q/Q...

Mattel Inc (NASDAQ: MAT) dipped 6.71% to $22.39 in the pre-market session. MAT reported weaker-than-expected Q3 revenue. YRC Worldwide Inc (NASDAQ: YRCWD) lost 1.73% to $3.98 in the pre-market session. YRCWD's quarterly revenue dipped 8.70% y/y. Infosys Technologies Limited (NASDAQ: INFY) fell 1.42% to $70 in the pre-market session. INFY has reported upbeat quarterly results. Aixtron Aktiengesellschaft (NASDAQ: AIXG) slipped 1.32% to $32.19 in the pre-market trading. AIXG's earnings are...

On CNBC's Fast Money, Simon Baker recommended investors buy Infosys Technologies Limited (ADR) (NASDAQ: INFY) ahead of earnings. Infosys Technologies Limited (ADR) (INFY) gained 3.28% today. Brian Kelly thinks that Archer Daniels Midland Company (NYSE: ADM) should be bought on the news that the EPA will allow the increase of the amount of ethanol in gasoline. Archer Daniels Midland Company (ADM) gained 1.56% today. Karen Finerman believes that it would be a good idea to purchase put...

Shares of Infosys Technologies Limited (NASDAQ: INFY) are higher on the session by 0.60%, currently trading at $66.52. The stock has been running higher on higher for the past two years, off of a $22.00 base put in back in November of 2008. Options traders are picking up some protection on the name today as protection against a pullback. The October $65.00 put was purchased 2,000 times, on the offer, for $1.45 a short while ago; open interest on the strike is 4,864 contracts. Overall...

Money Matters HDFC Bank’s valuation was up by a whopping $2.05 billion to $27.63 billion, while that of Infosys soared by $1.56 billion to $37.16 billion PTI New York: Indian stocks trading on the American bourses added nearly $7 billion cumulatively to their market capitalisation, with the private sector lender HDFC Bank and [...]

In last post we saw BSE IT index showing bearish patterns and now individual stocks are also breaking down, so going by such a picture if markets fail to move higher TECK stocks may underperform. Please download the PDF to check latest report on IT Stocks: http://www.4shared.com/document/-q8Ok8i9/TECH_stocks_showing_weakness_2.html IT bellwether Infosys Technologies plunged 2.65 per cent in early trade a day after the government approved hiking the minimum alternative tax (MAT)....

AlphaClone's International core strategy is backtesting to outperform the BNY Composite ADR Index by 20% YTD.  The strategy is based on the Top 10 Popularity strategy for AlphaClone's International Index fund group.  At the most recent rebalance date on August 20th, the strategy sold CNinsure Inc [CISG] at $23.79 (bought at $22.67), Infosys Tech Ltd [INFY] at $59.57 (bought at $56.05), Telmex Internacional S.A.B. [TII] at $18.19 (bought at $17.76), Toyota Motor Cp [TM] at $70.43 (bought at...

"There are specific clouds on the horizon and we don't know if they are simple rain clouds ...or if there is a cyclonic storm ahead of us." ~Senapathy Gopalakrishnan, CEO, Infosys Technologies Tuesday, the second largest Indian technology outsourcing company - Infosys Technologies (INFY) - reported earnings which sent the stock reeling lower. At first blush the [...]

Infosys Technologies Limited (INFY) reported fourth quarter 2010 earnings per share of 59 cents, ahead of the Zacks Consensus Estimate of 57 cents. This excludes the extra $11 million income arising out of the divestment of OnMobile Systems Inc. Revenue for the quarter was $1,296 million, a year-over-year growth of 15.6%. Net income after tax [...]

Infosys Technologies Reco: ACCUMULATE CMP: Rs2,781 Target Price: Rs3,200 On song , Retain ACCUMULATE Infy reports revenues at US$ 1,296 mn (+5.2% QoQ) marginally ahead of expectation (US$ 1,292 mn). Margins declined by ~150 bps QoQ to 34%. Profits at Rs 16.2 bn met estimates driven by lower depreciation. Operating metrics remained rock solid with vols growing at ~4.6% QoQ. European revenues grew by ~8% sequentially despite cross currency hits. BFSI/ Manufacturing continued...

Infosys (INFY) is expected to produce strong growth, while offering a dividend that is slightly below that of the S&P 500 Index. Analysts estimate for INFY's long-term EPS growth rate is 19%. The stock's current dividend yield is 1.2%, compared to 1.7% for the S&P 500. This Zacks Rank #2 stock trades at 26.9x 2010 EPS estimates [...]

Infosys Technologies Reco: ACCUMULATE CMP: Rs. 2,701 Target Price: Rs. 3,100 Expect 14-15% revenue growth guidance for FY11 We spoke with Infosys management recently to update ourselves on the business developments at the company. Our discussions indicate that (1) business environment continues to get better with top clients increasing their offshore spending, (2) hiring continues to pick up (note that Infosys has increased FY11 campus hiring targets to 20k now V/s 15k...

I've had VanceInfo Technologies (VIT) in my pool of "up and coming companies to keep an eye on" for about 4 months now; last week Investors Business Daily did their (as usual) excellent summary of a company, so this would seem a good time to introduce the stock to the website.  This is quite an interesting concept, as its a similar niche to the Indian outsourcing companies that broke onto the scene the past decade - led by powerhouses such as Infosys Technologies (INFY).  While comparing...

I am talking about the missing lakhs from the results of Atul. The company has from the last three quarters started omitting lakhs from every item of its result and reporting everything in rounded "Crore" figure. One more company that follows the same practice is Infosys which started the practice from SEP 05 Quarter. It is surprising suddenly the company started doing business in round figures

Infosys Technologies - Results Update.Excellent quarter : revenue growth highest in the past nine quarters.Infosys’ 3QFY10 performance was significantly better than street expectations. Revenues grew 6.7% qoq to US$1,232 mn, highest in the past nine quarters. Consistent with market expectations, BFSI vertical revenue led revenue growth and up 10.3% qoq. Operating margin increased 90 bps qoq to

Infosys Technologies   Quite a show; Time to cut underperformance V/s peers ACCUMULATE   CMP: Rs 2,581                          Target Price: Rs 3,100 Infosys reports US$ revenues at US$ 1,232 mn (+6.8% QoQ), way ahead of Emkay expectations of US$ 1,211 mn (note that we were the highest on the street at US$ 1,211 mn). Operating margins expanded by ~90 bps sequentially to 35.5%, credible in our view despite the negative...

Infosys Technologies Limited (INFY) reported third quarter 2010 earnings per share of 59 cents, ahead of the Zacks Consensus Estimate of 51 cents. Revenue for the quarter was $1,232 million, a year-over-year growth of 5.2%. Net income after tax was $334 million. A total of 32 new clients were added during the quarter taking the number [...]

We are upgrading Infosys (INFY) to an Outperform rating with a target price of $57. Through the ongoing economic downturn, the company has invested in Research & Development as well as intellectual property-based solutions. It continues to focus on large deals targeted at organizational transformation where there is a dearth of vendor talent. The company continues [...]

Infosys BPO Limited, the business processing outsourcing subsidiary of Infosys Technologies Limited (INFY), announced the acquisition all of the outstanding interests of McCamish Systems LLC, a business process solutions provider, based in Atlanta, Georgia, in the United States. The acquisition is expected to be completed later this year subject to the satisfaction of certain closing conditions. [...]

Infosys Technologies Limited (INFY) reported earnings per share of 56 cents, ahead of the Zacks Consensus Estimate of 50 cents, on revenues of $1.15 billion for the quarter ended Sept. 30, 2009. The company’s strategy through the economic downturn has been to build on its strengths rather than limit itself to navigating the challenges. Following this [...]

Infosys beats estimates, returns to sequential growth in Q2 Raises guidance from negative to growth of 1.7% as net rises to Rs 1,540 cr. Bangalore Oct. 9 Buoyed by an improving business climate and favourable cross currency movement, Infosys Technologies Ltd returned to a sequential growth in the September quarter. The company beat its own as well as street’s estimates for the quarter, and

India has four Dow Global members. These include Reliance Industries, Tata Steel, Bharti Airtel and Infosys. In this post I want to cover Infosys which reported earnings earlier today.Infosys is a core long term holding for any global portfolio. But valuation is an issue; and it is something which must be borne in mind.Please visit "The Quant Report" and link through to the INFY report for a

INFOSYS Q2 WATCH INFOSYS  is to announce 2nd Quarter results tomorrow on 9 October 2009. This post is just a view about what the expectations are from the results and then we can see tomorrow how actual results go.   According to CNBC-TV18's estimates, its net profit is expected to go down by 1.1% to Rs 1,509.4 crore in Q2FY10 versus Rs 1,527 crore in the previous quarter. The company's

I would bring to your notice one of the worst financial analysis, in my humble opinion, done by an analyst while comparing two companies. Read the report here. The report compares performance of Bharat Forge with that of Infosys at the peak of auto demand in June 2005. The share price of Bharat Forge at that time (adjusted for 5:1 split) was INR 286.78 and that of Infosys (adjusted for 1:1 bonus)

Here is a list of valuations that have been added to our site in the past week.  To view more, click on browse valuations in our navbar.  We now have 75 in the database including all 30 components of the Dow Jones Industrial Average! INFY - Infosys Technologies Ltd - Undervalued & Enterprising JPM - JPMorgan Chase [...]

INFOSYS (Rs 1770):- Buy Rs 1750-1770 for target Rs 2000-2030. Keep stops below Rs 1670. The target can be even Rs 2200 if one can hold for a bit longer term (stop losses can’t be given on longer term targets).   INFOSYS results were not outstanding but in these difficult times results of such large tech companies are not expected to be very magnificent, sustaining profits is more important and when once again growth materializes this stock can outperform. Long-term investors...

Infosys Technologies - Results update. Infosys reported strong performance for the June 2009 quarter, exceeding market expectations and that of consensus in terms of revenue, EBITDA and net... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CMP: Rs 1,721                           Target Price: Rs 1,640   Infy reported a superlative performance with Q1FY10 revenues at US$ 1,122 mn, flat QoQ (Emkay est. US$ 1,087 mn). EBITDA mgns of 34.1%, up 60 bps QoQ with effective cost management.Net profits at Rs 15.3 bn (-5.3%QoQ, +17.3% YoY) beat expectations driven by better than expected operating performance. Surprised by the lower than expected increase in annual US$ revenue guidance to US$ 4,450-4,520...

Outsourcing stocks were up on Friday, still leaving many in negative territory for the week. Yesterday, the Financial Times reported on the growth of India's outsourcing industry, which "has risen to become the foundation of the country's modern economy." A significant portion of this industry is within the IT sector, where outsourcing companies focus operations [...]

We expect Infosys to report RS 5290 cr on topline with EBITDA of Rs 1670 cr & PAT of Rs 1380 cr. We will be watching for management's guidance for next quarter which is normally the best quarter as well as it will give us and hint about the asking rate for rest of the fiscal. Other key thing to watch out will be full year guidance in dollar terms as well as Rupee terms. The cross currency movements have been in favor of the company therefore it is expected that dollar denominated...

CMP: Rs 1,721                           Target Price: Rs 1,640 Our recent interactions with Infy management indicate of more confidence within the company about the demand/volume pick up with co appearing more hopeful about a volume pick up from Oct'09 onwards (V/s April'10 earlier). Co cites increase in deal pipeline/ contract negotiations with some integration related business opportunities emerging in financial services (e.g. BofA+Merrill Lynch...

From Market Wach  Indian operations-outsourcing and software giant Infosys Technologies Ltd. plans to join its rivals by moving some of its business to Brazil, according to an Indian press report early Monday. The new Brazilian software-development and back-office center is expected start operations within next the three to four months, with about 100 employees, the Economic Times [...]

Cognizant has historically gone 10%-20% faster than Infy, and continues to do so - if we go by the guidance of the two companies for 2009. Till last year, its stock used to trade at substantial premium to Infy. Since then, the differential collapsed. In the last two weeks, Infy has been trading at 10% premium to Cognizant. My guess is - Indian markets are on a tear and are pulling Infosys India stock along, so INFY ADR is duly obliging. However, Cognizant is not listed in India. So CTSH...

My first long short in my personal account. Lets see how it works. Portfolio right now: a) PM - This is my fav play on EM currencies.  b) CNK - Bought when Swine Flu hit Mexico last month and the shares swooned. Is the content cycle in 2010 as good as the one this year? Probably time to exit after 2Q results, which are going to blow out consensus. I actually like this company - they seem to execute better than AMC and Regal.   c) TWC - 11% FCF yield ex the tax benefits. Cable...

Tatas, SBI, Infosys among World's Top Companies.The Tatas, India's premier bank - State Bank of India (SBI) and top IT Giant - Infosys Technologies are among 17 Indian firms that figure among the top 50 in a list of the world's 200 most reputable companies. With a score of 81 on a scale of 0-100, the US-based Reputation Institute ranked the Tata Group 11th above global corporate giants like