Thursday, July 8, 2010

Infosys stock hits record high ahead of earnings

 Infosys stock hits record high ahead of earnings
MUMBAI: Infosys Technologies from 13 record Rs 2876, a Friday morning in July, its quarterly revenue rose 1.8 percent ahead.

, In Australia, a note "We have sought to force the underlying performance of Tier 1 providers expect good results," he said.

The fiscal 2011 guidance Infosys revenue growth of 16-18 percent of the U.S. dollar is expected to increase 17-19 percent. The 9:29, Infosys was 1.7 percent, rising stock main index 0.9 percent higher than that.

However, some industry analysts said that while tracking AND TCS, Infosys and Wipro companies such as quarterly earnings increase by about 4-6% sequentially can see, the euro tumbling, with wage increases of 1 tooth profits Set - 2%.

Sudin Apte, Forrester Research principal analyst with the experts that the euro against the U.S. dollar led to a decline of about 8% less than earnings in the first Indian IT companies for European firms in a 12-15% is minimized.

"Mr. Able said that if the same level of trails Euro - or worse, other drops - each transaction European, Indian companies may lose more than 20%."

Infosys Europe when your company is around 23%, TCS and Wipro area of approximately 26.7% and 26%, respectively, are extracted. Some major European customers of BT, BP, ABN AMRO and Deutsche Bank are included.

Indian tech firms spending on salaries and other expenses in rupees while 90% of their income than the U.S. dollar, euro and pound sterling foreign currency, they highlight the risk of currency fluctuations.

Forrester, its "barrier Tumbling Europe as European customers" relocate "to the appeal is dismissed, said Tuesday that Indian vendors are pushing for an increase in billing rates, resulting in savings for customers less.

According to financial analysts on the ground about six poles AND, TCS, Infosys and Wipro follow up to 14% (TCS) with a marginal sequential revenue quarter April-June net increase reported a gradual decline likely .

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