We have obtained the Guidance given by the Management of Infosys Technologies for FY2008-09.
- For Q1 ending June-30, Income is expected to be Rs 4570 crore – YoY growth of 21%
- EPS is expected to be Rs 20.7, growth of mere 15.2% compared to same quarter previous year
- For the full year Income is expected to be Rs 20,000 crore a 20% growth YoY
- For the full year, EPS is expected to be Rs 92.32 a YoY growth of just 16.3%, which is very disappointing in our opinion
As Infosys continues to add huge Labor without significant increase in any technological innovation, the company’s performance is expected to be lackluster. We believe in Cash Flow and not Real Estate assets accumulated by the company threatening various state Governments to pull out of their state. Every rise in the stock should be considered as an opportunity to Exit and enter other growth stories.