Thursday, 9 January 2014

Infosys Profit 13% up – Stock Future Tips Free

Infosys may see profit, for the three months ended December 31, rising 13.7% from the year-earlier period, the average of 16% estimated. Most analysts expect Infosys revenue for the year ending March 31 will rise 12%, an increase on its current guidance of 9-10% and also a match to the lower end of the industry exports growth estimate of 12-14%
As compared to the previous quarter when most IT companies enjoyed the benefits of a depreciating rupee, the December quarter is likely to be weaker as historically it has been like as there are lesser number of working days thanks to the festive season, and more so this time as the currency has stayed in a range.
Expert Says “Infosys has made an all-time high after 35 months, or almost three years of consolidation, with a major chunk of the rally coming in the last six months”.
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