Earnings Preview: Infosys Technologies (INFY) (July 2007)
Expectations for Infosys Technologies Ltd. (NASDAQ:INFY): $0.40 EPS and $909 Million Revenues; next quarter $0.44 EPS and $982 Million Revenues. If you outsource IT or if you utilize overseas programmers in a very large company, chances are that if you…
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Expectations for Infosys Technologies Ltd. (NASDAQ:INFY): $0.40 EPS and $909 Million Revenues; next quarter $0.44 EPS and $982 Million Revenues.
If you outsource IT or if you utilize overseas programmers in a very large company, chances are that if you aren’t using Infosys Technologies you have at least run across or received a bid proposal from them. Its annual 2005 revenues (March-end) were only $1.59 Billion, and now the company is within striking distance of $1 Billion in revenues per quarter.
Options traders appear braced for close to a $2.00 move in either direction, although shares are down 1.6% today and that number might be off compared to closer-to-strike trading yesterday. Unfortunately, even with the stock down close to 2% today, the shares are in the higher-end of a recent trading band. The average price target for the research firms with buy/outperform ratings is close to $63.00, almost $10.00 north of today’s level.
Infosys’ 52-week trading range is $37.15 to $61.25 and shares are now basically flat compared to 90-days ago.
Jon C. Ogg
July 10, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
