Infosys rallying Sensex

Infosys is boosting the confidence in market, denying all the speculations about market weakning on Wednesday by Mumbai Blast.

Infosys results are out and its Q1 net profit up by 17.9%, making its stocks a good buy for Long Term.
Experts believe that if Infy crosses 3500 mark it may reach to the levels of 4400 in mediam term.
Hold on Infosys.

Infosys Guidance for Q2 & FY07

Its Q2 revenue is expected to range between Rs 3257 crore (Rs 32.57 billion) to Rs 3280 crore (Rs 32.80 billion).

Its FY07 EPS is seen between Rs 124.51 - Rs 125.74.

Company's highlights

S Gopalakrishnan redesignated as President, COO & Joint MD
Nandan Nilekani to remain CEO & MD
Benefited from rupee movements
Acquires Progeon for Rs 530 crore (Rs 5.30 billion), holds 96.96% stake now
To hire 25,000 employees this year
Margins maintained despite of increase in salaries & Visa cost


See infosys viz a viz Sensex Chart