Infosys Operating profit increased by 39.72 percent YoY.

Why CNBC TV18 did not higlight this?...

RPL production has started; but Mukesh Ambani will not speak anything before Dec 28, 2008.

He wants to make Dhirubhais birthday as birthday of RPL.

A surprise bonus is also possible for RPL shareholders. ...

Yes; it is really a very very stupid thing.

When the business is going good, Infy should not have cut down estimate only as a function on `Environment news`.

They have no reason to downgrade EPS from 2.34 dollar to 2.24 dollars; they have done it just for the fun of it.
...

CRR cut by 150 bps by RBI.

Enjoy India....

Infosys Technologies has announced its second quarter numbers. It has posted 10% jump in net profit of Rs 1,432 crore for the second quarter of FY09 as against Rs 1,302 crore in previous quarter. Numbers are above estimation, as CNBC-TV18 was expecting net profit at Rs 1427.5 crore.

Its revenues went up by 11.6% to Rs 5,418 crore from Rs 4,854 crore, (QoQ). CNBC-TV18 expected revenues at around Rs 5,327.3 crore.

Guidance

Q3 revenues seen at around USD 1.175-1.22 billion

Q3 EPS seen at Rs 26.63 per share
...

Infosys Technologies Ltd. has informed the Exchange that the Board, at its meeting held on October 10, 2008, has declared an interim dividend of Rs.10/- on each equity share.


Infosys Technologies Ltd. has informed the Exchange regarding a press release dated October 10, 2008, titled As per Indian GAAP "Q2 revenues in Indian Rupee grew by 32% year on year; sequential growth 12%, Q2 revenues in US Dollar grew by 5.3% sequentially; 7.1% in constatnt currency" & As per IFRS "Q2 revenues grew by 19% year on year; constant currency 19.5%, Q2 revenues grew sequentially by 5.3%; constant currency 7.1%". ...

Infosys Technologies Ltd. has informed the Exchange that the Board, at its meeting held on October 10, 2008, has declared an interim dividend of Rs.10/- on each equity share...

Sell of this one. Reliance Petro will be go near 100. Non functional company. Now oil prices are low so no margin in refining. ...

Dear IT_Bulls, Why people worry about the Dollar guidance revise is that if you are earning less dollars in future that means you are going to get less revenue, considering the turbulent times in the USA , The dollar guidance revised also can not be meet by IT companies, and even though you buy in indian rupees, IT companies has to rely upon dollars and other currencies. How long will RBI will let the rupee to depriciate, They will act accordingly to place rupee at 43 to 45 in the near term....

TCS will sign the contract for starting the Passport Seva project, a public-private initiative to improve passport services in India. The formal contract will be signed on October 13 by Foreign Secretary Shivshankar Menon and TCS chief executive officer and managing director, S Ramadorai. The techno-commercial evaluation of the bids then zeroed in on TCS as the "best value bidder". In return for better services, the private service provider will charge a fee of about Rs 200 for each transaction. Within eight years, the number of passports issued has nearly tripled from 2.2 million in 2000 to six million in 2008. The contract is estimated to be worth Rs 10-15 billion for TCS. ...

Infosys Operating profit increased by 39.72 percent YoY. Why CNBC TV18 did not higlight this?...

Infy results are great....

dear IT_bulls, Due to the appreciating US $ against INR, these companies show btter results temporarily. And the over all markets are over sold.So this counter may see some temporary upside. However that shouldnt be mistaken with the long term prospects of this counter. What has happened in the year 2001 was different.Now one of the main poblems of the troubles in US are the Unemployment.And pls remember that outsouring is the main cause of umemployment.If companies try to outsource more, US economy will collapse. Researh studies clearly showed that, out sourcing beyond an optimal point will do more damage than good to US ecconomy. regards...

RPL production has started; but Mukesh Ambani will not speak anything before Dec 28, 2008. He wants to make Dhirubhais birthday as birthday of RPL. A surprise bonus is also possible for RPL shareholders. ...