Disappointing numbers from Infosys Technologies

Much awaited IT major Infosys Technoloiges results have been just out and the second quarter numbers look disappointing. Infosys has just posted 1.9% growth in net profit compared to the previous quarter last year.
Infosys Guidance.

Infosys Technologies consolidated net sales increased to Rs 4,106 crore up by 8.85% compared to its previous quarter net sales of Rs 3,773 crore. Operating profit margin increased to 31.27% in this quarter compared to 28.73% in the previous quarter.

Infosys Technologies Guidance

Infosys third quarter guidance stood at 3.2-3.7% growth over second quarter numbers which accounts to revenue of Rs4,238-4,258 crore. EPS guidance is Rs 20.11, which shows growth of 4.46% Quarter on Quarter basis.

So for the Financial year 2008, Infosys is likely to post revenue of Rs 16,588 crore which implies an jump of 19.4% which is not so great compared to the previous financial years numbers Infosys has posted.

Infosys Technologies Stock is down 5.03% and is trading at Rs 2,018.10 on NSE at 10.27Am.

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