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Thursday, October 11, 2012

profit estimation of Infosys

Profit at Infosys, whose clients include Bank of America (BAC.N), Volkswagen (VOWG_p.DE) and GlaxoSmithkline, rose to 23.7 billion rupees for the quarter that ended September, from 19.06 billion rupees as compare to previous year.
July-September net profit was forecast at 23.8 billion rupees, according to Thomson Reuters data. Profit in the previous quarter grew 33 percent from a year earlier.
Analysts had predicted Infosys, which has a market value of around $26 billion, will revise its revenue growth estimate to around 6 percent for the year to end-March, boosted by its acquisition last month of Swiss consultancy Lodestone. 

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