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Infosys Technologies Limited
  Summary Sheet     Detailed Review     Background     Buy/Sell?     Financial Analysis     Compare     StockSelect  

   Summary Sheet
 Market Info
BSE Symbol
500209
NSE Symbol
INFOSYSTCH
Price (Rs)
1,702.00 ( -0.35%)
Mkt. Cap (Rs m)
976,202
Forward P/E (x)
17.5
Volume ('000)
30.5
Div Yield (%)
1.9
Price information as on : Aug 28, 2008. Forward P/E and Div. Yield: FY09E

  
 Financial Snapshot
Year End FY06 FY07 FY08 FY09E FY10E FY11E
Sales growth (%) 33.5 45.9 20.1 22.6 23.9 22.7
Net Profit Growth (%) NA 56.9 20.8 19.7 18.5 22.6
NPM (%) 26.0 27.8 27.9 27.3 26.1 26.1
FDEPS 42.9 67.3 81.3 97.3 115.3 141.4
PER 39.7 25.3 20.9 17.5 14.8 12.0
PCF 33.6 22.2 18.5 15.5 13.1 10.8

  
 Investment Rationale
Reasons to Buy Reasons not to Buy
  • Spearheading the momentum
  • Cashing in on the global delivery model
  • Management excellence
  • One up on peers
  • Growth pangs
  • Currency risks


  •   
     Background
    Parameter Comments
    Management Visionary, proactive and ethical. Has consistently outperformed the sector.
    Industry growth Move towards offshoring of services growing at a strong pace. But backlash could hamper growth in the near-term.
    Co.standing Trendsetter in the sector. Moving towards becoming an end-to-end software services provider.
    Entry barriers Management skills, scale and domain expertise.
    Competition High. Competition is more global.

    Infosys has come to be the hallmark of the Indian IT industry’s success. From humble beginnings in 1981, the company today is the second largest exporter of software services from the country. The company is recognised globally for its world-class management practices and work ethics. It has been making conscious and constant efforts to move up the software value chain and offers services like software development, maintenance, technology consulting, testing and package implementation. Infosys offers all these services through its highly integrated and widely acclaimed global delivery model. The company’s revenues and profits have grown at compounded rates of 36% and 37% respectively during the period FY03 to FY08.


      
     Views on News
  • Infosys acquires Axon: Our view
    (Aug 26, 2008)
  • Software: 1QFY09 review
    (Aug 5, 2008)
  • IT firms: Moving up the value chain
    (Jul 15, 2008)
  • Infosys: No ‘surprises’ here
    (Jul 11, 2008)
  • Software: What can change the outlook?
    (Jul 4, 2008)
  • More Views on News
     Stock Graph
    One-year comparative graph with BSE
    INFOSYSBSE SENSEX
    DETAILED QUOTES | UNDERSTAND GRAPHS

    Research report last updated on: 16 Apr, 2008

    Disclosure: The analyst and dependent family members do not hold shares in this Company. Please read QIS' Share Trading Guidelines.

    This is a sample Research Report from Equitymaster. The Research Report service gives you analysis and 3-year forward projections on India's top 100 companies. Please click here to subscribe to this service

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