Cramer Prefers Infosys Over Wipro

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By Douglas A. McIntyre Published
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Cramer talked about 2 savage American IT consulting and 2 outsourcing companies in India.  Cramer is saying this is a match against the two groups to see who is better.  They are all fighting for a larger piece of the pie.

Accenture (ACN) and EDS (EDS) are the American plays here.  Wipro (WIT) and Infosys (INFY) are the Indian plays.

Infosys (INFY) and Wipro (WIT) are taking business from the Americans.  Cramer thinks the better of the two Indian stocks is Infosys (INFY).  Cramer thinks their results are setting up to be better than expected and they may break-even in the coming quarter.  It just hit a $58.25 high last week.  Its attrition rates of employees leaving was 12%, but that is the lowest of all the major Indian companies. 

Cramer thinks the Indian companies are looking better, but the and he isn’t going to go over the true winners as far as what to invest in later.  That is called "trying to maintain ratings" on TV.

Jon C. Ogg

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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