Wednesday, October 12, 2011

BROKERS GIVES THUMPS UP TO INFY

The market is pretty happy with good set of numbers announced by infosys today.For the second quarter of the fiscal, Infosys has delivered dollar revenue of USD 1,746 million...the 4.5% revenue growth helped Infy meet the top end of its own guidance.
The bottom-line too came in above estimates, rising 11% to Rs 1,900 crore.
Infosys has marginally marked down FY12 dollar revenue guidance to 17-19%, but on the other hand it has significantly raised rupee EPS guidance to 143-145.
Country's second largest software services exporter Infosys is set to report a growth of 9.9% quarter-on-quarter in profit of Rs 1,891 crore for the second quarter of FY12, according to CNBC-TV18 estimates. Net profit for the previous quarter of current financial year was Rs 1,720 crore.
Revenues are expected to jump 7.9% to Rs 8,080 crore as against Rs 7,485 crore, quarter-on-quarter basis.
CNBC-TV18 expects earnings per share of Infosys to rise by 9.1% to Rs 32.9 in the quarter ended September 2011.
Earning before interest and tax (EBIT) for the July-September quarter of 2012 is likely to be at Rs 2187 crore, a growth of 12% compared to Rs 1952 crore in previous quarter.
SO important factor is Infy hav given a clear indication on FY12 with an EPS of 145 which is a significant one.
SO I RECOMMEND TO ACCUMULATE INFOSYS AT CMP FOR A 3 MONTH TARGET OF 3100 LEVELS