Tuesday, March 16, 2010

Infosys: Expect 14-15% revenue growth guidance for FY11

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 indicated in January) and (3) company looking to back up the Q3FY10 hikes with another round of wage increments for FY11- all pointing to a bumper FY11 for tier 1 IT offshore players.  We expect Infosys to deliver a 4%+ sequential growth in March'10, another beat on revenue guidance of US$ 1,240-1,250 mn (+0.6%-1.5% QoQ). Further we anticipate Infosys to guide for 14-15% YoY growth in revenues for FY11, which would entail a 2.5-3% CQGR on our March'10 revenue expectations of US$ 1,482 mn (+4.1% QoQ). A special dividend could also be in the offing given Infy's trend of rewarding shareholders every alternate year. Maintain ACCUMULATE with a price target of Rs 3,100.  

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en

5 comments:

Anonymous said...

free indian classifieds site
http://www.classifiedsfreeclassifieds.com

adamsmith said...

Hi ,

your article always give me some positive things , your article always attracts me to visit you again and again , thanks for sharing your views with me .

you are very helpful

thanks

Mcx trading tips

Make Money Online said...

This is the new year 2012 and stock market is growing very rapidly, its better to invest in BSE market where one can easily make money from stock market India. The experts tips of stock market always helps to increase our revenue. I am also thinking to invest in this market so that i can earn profit from BSE NSE tips. Great..

Online Dry Fruits Provider India said...
This comment has been removed by the author.
Unknown said...


People say gold is cash money, we say trading in gold is money is, because truly it is. There are gold investors all over the world who are making a remarkable money, it's a well kept secret. But according to commoditytradingcall will help you to become effective and smart trader in gold trading tips, we will help you to learn our program of dealing and help you reach your financial targets. No more having to work for somebody else, no more having to battle traffic or work with other individuals you don't get along with. Welcome to the magic of learning how to business or trade in gold using our unique and effective trading plan.
Either you are making money with Intraday Trading Tips, Intraday Mcx Tips, gold tips or sureshot mcx tips, we will help you to gain more an more.

Blog Archive

Promote Your Blog

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest