About The Company
The boss of Information Technology sector. The company has tough competition with Wipro , Satyam , TCS . Though one of the rival has lost all its strength (Satyam Computers).The Company has well managed team with good order book. Right since the time the Satyam scam broke out, Infosys has been a gainer on the bourses. Infact on Wednesday, when Raju confessed to the scam, all stocks closed the day in the red, except Infosys, HUL, Maruti and TCS. This is because the investors now know that Infosys is a company much above the others when it comes to corporate governance, For the market now, corporate governance, the ability to trust what the management declares as results has become a priority. And it is companies like Infosys which can lead the way and it is in companies like these that investors would probably invest more.
About The Results
Infosys is expected to declare its third quarter performance for the period ended
During Q2, it added 40 new clients and gross addition of employees was at 10,117. Employee strength is almost double that of Satyam at 1,00,306 employees as on
The company has given an encouraging guidance for Q3FY09. Income is expected to be in the range of Rs. 5,519 crore and Rs. 5,730 crore; YoY growth of 29.2% – 34.2% . Earnings per share is expected to be Rs. 26.63; YoY growth of 23.6%. And for the fiscal ended 31st March 2009, income is expected to be in the range of Rs. 21,309 crore and Rs. 21,731 crore; YoY growth of 27.7% – 30.2% and EPS is expected to be Rs. 101.06; YoY growth of 24% . Throughout all this, it has assumed the
As already said the company is one of its kind and the best choice in the IT Sector for investment.
Disclaimer : I do not have any personal holding in this stock.