Infosys Technologies Ltd (Infosys) : Quarterly Result Update

Infosys Bangalore Campus

Image via Wikipedia

Infosys Technologies Ltd (Infosys) Q2 FY10 result was above its guidance. Infosys reported EPS of Rs.26.83 in Q2 FY10 which was significantly higher than its guidance of Rs23.67-24.09 and also beat the market expectations.
Revenues increased 2.1% QoQ in Rupee terms and 2.9% QoQ in dollar term signalling sign of recovery in the demand.
EBITDA margin improved to 34.6% (+47 bps QoQ) driven by strong performance at the top line. However, net margin declined 33 bps QoQ to 27.6% in Q2 FY10 on account of lower other income which declined 12.3% QoQ during the quarter. Other income declined due to lower interest income on deposits with
banks and other institutions.

At current price of Rs.2211 Infosys is trading at PE multiple of 22.1 for FY10E estimated EPS of Rs.100, which we believe Infosys is fairly valued at current price levels. However, we can see a strong upside going forward if the demand environment recovers significantly and rupee depreciates against the US dollar.

Thanks to :

Reblog this post [with Zemanta]


Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website ( has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • never collects any personal information of visitors.