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.
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