Thumbs Up from Infosys

The IT giant of India today released it’s quarterly results
The infosys technologies  gave a positive news in their quarterly results with a jump in profit of 18 %(in dollar revenues) which of course is a big news. The jump in profits were largely because of an surge in demand in IT services and out sourcing in the areas of Retail,Manufacturing and Financial Services. This result has beaten all the analysts expectations. Further, the company sources have said at the end of this  fiscal the profit is expected around 24-25%(in dollars) and 18.5 to 19% (in rupees terms) because of the strengthening rupee against the dollar.
This result is an indication of what is about to come from other IT companies and definitely market would/may remain positive on the IT stocks.


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