The infosys results which were awaited very anxiously by the markets came out to be a morale booster for the markets. Though the results had not thrown any extraordinary surprise, the markets took comfort in the fact that there was no bad news either.Infosys FY07 Revenues were up 45.91% to Rs 13,893 crore from Rs 9,521 crore. Net profit leaped 56.87% to Rs 3,856 crore from Rs 2,458 crore.
The company reported net profit of Rs 1,144 crore in the fourth quarter versus Rs 983 crore in the previous year, a growth of 16.38%. The net profit included Rs 124 crore of reversal of tax provision.Its revenues increased by 3.2% to Rs 3,772 crore from Rs 3,655 crore, QoQ.
The company has added 34 new clients in Q4 compared to 43 new clients in Q3 and 5992 employees versus 3282 employees in Q4.
As per Indian GAAP, Infosys has predicted an EPS of Rs 80.29 to Rs 81.58 for FY 2008, a growth of 20 - 22%, compared to an EPS of Rs 66.86 in FY 2007. The company had forecast 22.6 - 24.6% growth in revenue for FY 2008, between Rs 17038 crore and Rs 17308 crore. Infosys has considered the rupee-dollar conversion rate at 43.10.
The Board of Directors recommended a final dividend of Rs. 6.50 per share (130% on par value of Rs. 5 per share) for fiscal 2007
Next on Investment Guru : Teledata: Transformation or Illusion ?
5 comments:
Hi Rajesh,
Thanks for all the excellent posts that i have recieved from you on the india stock market.No other blog gives such organized feel that your gives.
I feel like i am reading a newspaper column instead of reading a blog,there is nothing casual about your blogs,it is all so formal,serious,informative and highly useful.
Hope you will keep updating us with your stock recommendations,your research and all such things.
You have that soothing effect which very few have,i have never seen a panic kind of blog from you,the markets have seen the levels of 9000 and almost 15000 in the last year but not once i have seen you excited.All along you have been a guide a torchbearer a "sarthi",and i am obliged to have such a "sarthi" who like krishna has no aspirations from his followers.
Hats off sir!!!!!
Disclaimer:I have invested in stocks recommended from rajesh,yes bank,karnataka bank,reliance,s kumar nationwide,gitanjali being some of them.And yes i am seeing huge profits,leave that and i know and believe that my money is for sure in trustworthy stocks,and i know the moment these stocks are out of order rajesh will beware me,as always.
Thanks alot rajesh ji,
Amitesh.
I totally agree with amitesh above...this blog has been the best blog I have ever visited on Stock markets...the recos are very clearly defined by rajesh in his articles and most of them have yielded good results...even i hope that rajesh continue to guide us by providing his valuable ideas and thoughts on markets. Sir, I have invested in most of your investment ideas and I am eagerly awaiting the next Investment idea on this blog.
regards
KK
Hi Rajesh,
Skumars is quoting at 86 Rs, up nearly 8%. Sir, is this the right time to exit or can I hold for some more time. I bought the stock on your reco @ Rs.70. Please advice.
Thanks a lot
Sumit
Hi Rajesh
I can see lot of praises for you and it is well deserved as I can make out from the quality of your blog. I had one question on mutual funds. Is it better to apply in a NFO or after the units are listed ? It would be great if you could guide me on this.
thanks
Murthy
Great share thanks for posting
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