We have obtained a copy of Infosys Technologies results and here is an insight. The company which used to report QoQ growth has stopped reporting so because of its poor performance and its inability to transition itself. Now they are reporting YoY like any other commodity company.
- Net profit of Rs 1,100 crore[Q2 – Sept-30] Vs 1,079 crore [Q1-June-30]
- Infosys Full Year Guidance: EPS EXPECTED AT RS.79.5 to 79.88
As said by Lehman Brothers, Indian IT Companies fail to innovate and have lost their competitive edge with the falling Greenback. So Book Profits in Infosys at Higher Levels.
Update: It is seriously high time guys that all the research analysts get bold like Lehman Brothers and downgrade IT stocks.