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13/04/2010
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INFOSYS TECHNOLOGIES
Infosys Technologies, India's second largest IT exporter, has announced its fourth
quarter results of FY10 on 13th of April. Infosys is one of the first major companies to
declare it’s result in this quarter and kick off the USD 60 billion sector's results. A
concise overview of the result is as follows:-
Key highlights
1.14% jump in its fourth quarter results for the financial year 2010 which came in
Revenues from North America grew by 4.4% (QoQ) & 4.5% in constant currency
and from Europe grew by 7.9% (QoQ) & 11.8% in constant currency.
Revenues for the same quarter increased 3.54% to Rs 5,944 crore versus Rs
Company’s operating margins for the quarter declined to 34.02% versus 35.5%
(QoQ).
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share.
EPS to rise 4.3-8.6% for the full year at Rs 106.82-111.28 per share.
Guidance in rupee terms was lowered to 9-11% for FY11 due to rupee
appreciation
FY11 profit margins to drop 150 basis points mainly due to a firmer rupee.
In the short term credit policy review by RBI, where a rate hike is almost certain.
Market awaits the monsoon forecast for the year 2010.
Strengthening rupee, which rose 3.6% against the dollar in Jan-March after
gaining 4.7% in 2009.
Competition from global firms such as IBM and Accenture are key risks.
Higher wages.
Top 5 client's contribution was down from 17.6% to 15.8% in Q4 versus Q3.
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PARTICULARS MAR 2010 Mar 2009 Mar 2008 Mar 2007 Mar 2006 Mar 2005
INCOME :
EXPENDITURE :
Power & Fuel Cost 122.00 125.00 106.00 88.00 62.00 40.00
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Technical View
Fibonacci Extension
% (Retracement) 180 191.8 198.2 261.8 425 685.8
Key Levels
Resistance – 2830, 2870
Infosys technologies have good fundamentals. This quarter it has good results. It has a
crucial resistance 2830 if it breaks this level it can touch 2950. And 2716 is a crucial
support for this script. If it breaks this level it can touch 2610. One can buy Infosys tech
with the stop loss of 2716 and our short term target will be 2950.
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Weekly Chart
Daily Chart
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