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Infosys FY08 EPS guidance at Rs 78.20-79

Wednesday, July 11, 2007

Infosys Technologies, which is known for positive surprises has once again beaten the market expectations and posted consolidated net profit of Rs 1079 crore (including tax write back) 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.

It is going to add 26,000 employees in FY08

Posted by FR at 10:11 PM  

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