Infosys Technologies Results + Guidance

Infosys Technologies missed the street expectations and marked the end of an era of QoQ. QoQ Net Profits Fell to Rs 1079 crore in the first quarter of FY08 against Rs 1,144 crore in the previous quarter.

Infosys Q2 and FY08 guidance
The company is expected to post growth of 16.9-18.3% in the revenues in FY08 at Rs 16,238-16,433 crore. Infosys is expected to deliver growth of 13-14.1% in FY08 EPS at Rs 78.20-79.

FY08 EPS (Excluding tax write back) is seen at Rs 77.31-78.11.

This FY08 revenue outlook is based on rupee rate of 40.58 per USD.
The Q2 revenues are seen at Rs 3,952-3,993 crore, a growth of 4.74-5.83% and EPS seen at Rs 18.88. Net profit is expected to go down 0.05% at Rs 1078 crore. Infosys revised guidance in the dollar terms in upward and in Rupee terms down.