Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.
This is an entirely free service. No payments are to be made.
Infosys: Beating Expectations - Views on News from Equitymaster
Infosys Technologies Ltd. has announced better than expected results for the first quarter of FY2000. The company has reported a 156% YoY growth in net profits at Rs 236 m.
Infosys Technologies Ltd., one of India's best known software companies, has moved up the value chain from an on-site to offshore developer, then to product development, and finally towards providing complete solutions. The company has 10 development centers and a 100% subsidiary in the United States, to develop and market software products in warehousing management.
Infosys has reported a total income of Rs 1.84 bn (up 86.9% over the corresponding period last year) for the first quarter of the current year. The company has been able to benefit from a depreciated currency, increased exports and a focus on e commerce related activities. This renewed focus of the company is likely to be a source of strong earnings growth over the years.
The company has received 19 new clients during the years. These include Amazon.com, and Value America
Market View:
Infosys is being positioned as a global infotech company, providing complete solutions. Apart from this, the company's management reputation and insignificant exposure to Y2K related businesses, has led the analysts to rate the stock as a 'BUY'.
Equitymaster requests your view! Post a comment on "Infosys: Beating Expectations". Click here!
Thank you for posting your view on Equitymaster!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India. Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
Equitymaster requests your view! Post a comment on "Infosys: Beating Expectations". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!