Infosys to report numbers for Q1FY10 today. We expect Revenue de-growth of 6.6% QoQ while PAT de-growth of 7.7%. We have HOLD rating on stock

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 earnings guidance may go up. However constant currency EPS may not change. If that is also revised upwards that will be taken as a big positive.