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Information Technology - Sector
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buy crest animation target 80 short term hurry up buy this new secret happy invest...
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Start looking beyond information technology and that will take the Indian economy to a higher plane. This is the song that many Indian business houses including IT giants have begun to sing aloud these days.
'In the last 15-20 years, the focus has been more on IT. It is high time we started looking beyond this technology. We need to look at promoting innovations and owner-ship of intellectual properties,' said Infosys Technologies CEO and MD K Gopalakrishnan said at a press conference convened here on Wednesday to announce TES 2008, a three-day entrepreneurial summit organised by The Indus Entrepreneurs (TiE) in Bangalore from December 16. TiE is an NGO for promoting entrepreneurship.
Contending that there is no dearth of aspiring entrepreneurs in the country, Gopalakrishnan emphasised the need for creating an eco-system for complete entrepreneurship. 'There are a lot of smaller companies that are ready to take risks. Similarly, the country also has venture capitalists who can support these start-up firms. We need to think of ways to create a diverse set of industries,' he said.
Concurring with him, TES 2008 chairperson Ravi Narayan said: 'The world may be going slow, but India is emerging in a big way in terms of innovations, both products and services. Another interesting trend is that several Indian IT companies, which used to look at the US market, are now focussing on India.'
He said India had the potential to emerge as leader in the cellular technology space.
Speaking on the occasion, TiE (Bangalore chapter) president Pradeep Kar said the TES summit will witness the participation of stakeholders from diverse sectors including manufacturing, social entrepreneurship, clean technology, real estate, retail and franchising, education, healthcare and sports management. The theme of the summit is 1inclusive entrepreneurship. A total of 1,500 delegates are expected to participate in the summit. 'We hope to mentor about 300 aspiring entrepreneurs,' Kar added....
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The greenback is still very strong and continuing its journey in the northern direction. In today's early trade dollar was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.This is in reminiscence of the Great days of "Indian IT". The game is on the cards now and it is the best time to be in Indian IT considering all aspects, and safer to be in IT bellwether Infosys.
Cheers!
Cheers!
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You can call it a treasury company after all, as Infosys stack up piles of dollars the dilemma for the management is where to invest this money.
According to V Balakrishnan, CFO, Infosys Technologies, the company is looking out for acquisitions, and if it don't get attractive returns it will give back the cash to share holders.
So good news for the shareholders as they could look forward to some of that cash in form of fatter dividends or even buy backs, as valuations of IT firms are at mouthwatering levels in the current market.
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Standard & Poor's Ratings Services revised its outlook on the corporate credit rating on Infosys Technologies Ltd. (Infosys) to positive from stable. At the same time, Standard & Poor's affirmed the 'BBB' rating on Infosys.
The Indian-based IT services company reported 43% revenue growth for the fiscal year ended March 31, 2007, to US$3.1 billion, from US$2.2 billion in fiscal 2006. It is among the top three IT services company in India with net income of US$850 million for fiscal 2007.
"The corporate credit rating reflects the conservative financial policy and profile of Infosys, where the company remains debt-free as at March 31, 2007," said Standard & Poor's credit analyst Wee Lee Cheng. "The company also continues to improve its business and customer diversity in North America and Europe. In addition, Infosys has been increasing its new services, especially in package, consulting and business process management while maintaining its basic development and maintenance services base."
This strong revenue growth is also supported by the company's superior and improving cost efficiency where it still manages an efficient cost structure and high quality workforce in an industry there is continuing staff attrition and wage inflation.
The rating on Infosys is likely to be raised if there is further significant diversity in geographic, customer, industry or product services offerings while maintaining operating margins above 25% with modest financial risk profile and high liquidity position.
The above strengths are partly balanced by the company's continual investment in high capital expenditure and training, where the company had committed capital expenditures of at least US$150 million for fiscal 2008. In addition, Infosys operates in a highly cyclical and competitive IT services industry where it faces constraints in its India-based operations and visa restrictions for some overseas markets for its on-site work.
Infosys is also exposed to foreign exchange fluctuations where 95% of its revenue is from overseas contracts in U.S. dollars and the euro, while its operating expenses are largely denominated in local currency. Although Infosys hedges its foreign currency exposure for at least two quarters, the company's profitability is nevertheless affected by currency movements. The company estimates that a 1% appreciation of the Indian rupee can reduce operating margins by as much as 50 basis points. ...
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Standard & Poor\'s Ratings Services today revised its outlook on the corporate credit rating on Infosys Technologies Ltd. (Infosys) to positive from stable. At the same time, Standard & Poor\'s affirmed the \'BBB\' rating on Infosys.
The Indian-based IT services company reported 43% revenue growth for the fiscal year ended March 31, 2007, to US$3.1 billion, from US$2.2 billion in fiscal 2006. It is among the top three IT services company in India with net income of US$850 million for fiscal 2007.
\"The corporate credit rating reflects the conservative financial policy and profile of Infosys, where the company remains debt-free as at March 31, 2007,\" said Standard & Poor\'s credit analyst Wee Lee Cheng. \"The company also continues to improve its business and customer diversity in North America and Europe. In addition, Infosys has been increasing its new services, especially in package, consulting and business process management while maintaining its basic development and maintenance services base.\"
This strong revenue growth is also supported by the company\'s superior and improving cost efficiency where it still manages an efficient cost structure and high quality workforce in an industry there is continuing staff attrition and wage inflation.
The rating on Infosys is likely to be raised if there is further significant diversity in geographic, customer, industry or product services offerings while maintaining operating margins above 25% with modest financial risk profile and high liquidity position.
The above strengths are partly balanced by the company\'s continual investment in high capital expenditure and training, where the company had committed capital expenditures of at least US$150 million for fiscal 2008. In addition, Infosys operates in a highly cyclical and competitive IT services industry where it faces constraints in its India-based operations and visa restrictions for some overseas markets for its on-site work.
Infosys is also exposed to foreign exchange fluctuations where 95% of its revenue is from overseas contracts in U.S. dollars and the euro, while its operating expenses are largely denominated in local currency. Although Infosys hedges its foreign currency exposure for at least two quarters, the company\'s profitability is nevertheless affected by currency movements. The company estimates that a 1% appreciation of the Indian rupee can reduce operating margins by as much as 50 basis points.
Infosys has excellent liquidity, with cash and bank deposits of US$1,362 million (excluding deposits with corporations), which made up about 44.3% of total assets at March 31, 2007. In addition, the company also has deposits with corporations of US$41 million. Standard & Poor\'s expects Infosys\' liquidity to remain very strong, and be more than sufficient to cover the company\'s entire debt-like contingent liabilities (present value of operating leases), which is estimated at US$76 million.
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Dollar shot up to a mind boggling figure of 43.62 INR/USD in intraday and is currently trading at 43.59 INR/USD.
Best time to be in Indian IT considering all aspects, and safer to be in IT bellwether Infosys.
Cheers!...
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This is the perfect time to enter the IT bellwether.
The next two months are going to be good times for Infosys investors.
The changed market conditions, aided by a weakening rupee and its own market
strategy has placed Infosys at an enviable position among the Indian IT industry,
not to mention among the other industries , which are all bleeding under heavy inflation.
The rupee has lost over 140 paise in the past one week.
The bold changes made under the new management helped Infy look out for growth.
Till now Infy was enjoying the highest profitability of 30-32 % in the sector, thanks
to its focus on software products.
For Infosys the experience from projects handled over serveral years helped some companies give the shape of a product. 27 years after it was set up, Infosys’s banking product Finnacle earned nearly 3% of its fiscal 2008 revenues (Rs. 470 crore or nearly $111 million) from licensing of its banking product in India. The banking business unit, which is focusing more and more on products, contributes 3.6% of its overall revenues
This quarter Infosys has come with with its breakthrough retail software Shoppingtrip 360.
We will have to wait and watch closely for the turning point.
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Thought call charges couldn\'t get any cheaper? Think again. Soon, you could be calling friends abroad for just Re 1 to 2 per minute, a sharp drop from the present average of Rs 7/minute. National long distance rates could drop to 30-50 paise per minute, against Rs 1-2 at present. And local calls could be virtually free, at just about 30 paise per minute, against today\'s Re 1.
But how has this stunning reduction become possible? Consumers have Trai to thank. The telecom regulator has thrown open the voice market to Internet Service Providers (ISPs), ushering in the promise of between 40% and 80% lower voice tariffs. With this, Trai has — in a single stroke — destroyed some of the last regulatory barriers to advanced and cheaper technology. The regulator acted on its own, without being asked to do so by the department of telecom.
But hold on a moment. Couldn\'t you already make calls over the internet? Yes, but only over net-enabled PCs. You couldn\'t terminate internet telephony calls on fixed and mobile networks and vice-versa.
Trai has now made it possible to do so. And with ISPs set to hammer rates down to a new low, mobile service providers will be left with little choice but to follow suit.]
It gets better. All call charges today include a 30-paisa interconnection cost (fixed tariff paid by an operator when he uses another operator\'s network for his customers). Trai is revisiting these rates as well, and any reduction will also be passed on to consumers, which means even lower tariffs. -toi
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Telecom regulator Trai today allowed ISPs to offer unrestricted internet telephony services, a move that will further boost competition in the domestic long distance segment and lower STD tariffs.
\"It is envisaged that customers will ultimately benefit from cost effective and innovative internet telephony service. These recommendations will put Indian telecom sector in tune with global trends. The grey market tendencies shall be curtailed,\" Trai said in a statement.
As per the Trai recommendations, the STD service providers would be connected to ISPs through public internet for the purpose and the two service providers would have mutual agreement for the same.
The move will permit calls from personal computers to fixed line and mobile phones. Currently, a voice call can travel between two computers but not from a mobile or a fixed phone. This is expected to open huge channels of revenues for Internet Service Providers (ISPs).
The Telecom Engineering Centre (TEC), a technical arm of Department of Telecom, will work out the number plan for the ISPs to enable them to offer telephone services.
\"Telephone numbers from identified blocks shall be allocated to ISPs, Unified Access Service Providers, Basic Service Providers and Cellular Mobile Service Providers for internet telephony,\" Trai said.
With a view to make internet telephony secure, Trai said, all ISPs interested to provide unrestricted internet telephony would install \"Lawful Interception\" equipments.-BS
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Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act.
We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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In reply to:
Finacle from Infosys Implemented In Record Time for ANZ in Asia
Posted by :
Infy_fan_always
About Infosys Technologies Ltd.
Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. Infosys creates these solutions for its clients by leveraging its domain and business expertise along with a complete range of services. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 91,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. 
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About Infosys Technologies Ltd.
Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. Infosys creates these solutions for its clients by leveraging its domain and business expertise along with a complete range of services. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 91,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index....
In reply to:
Finacle from Infosys Implemented In Record Time for ANZ in Asia
Posted by : Infy_fan_always
About Finacle Universal Banking Solution
Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class.
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About Finacle Universal Banking Solution
Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. ...
In reply to:
Finacle from Infosys Implemented In Record Time for ANZ in Asia
Posted by : Infy_fan_always
As a leader in banking transformation, Finacle has a global footprint across 61 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent among the leaders in the core banking solution space. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award and The Asian Banker IT Implementation Award.
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As a leader in banking transformation, Finacle has a global footprint across 61 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent among the leaders in the core banking solution space. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award and The Asian Banker IT Implementation Award....
In reply to:
Finacle from Infosys Implemented In Record Time for ANZ in Asia
Posted by : Infy_fan_always
Haragopal M, Business Head-Finacle, Infosys Technologies, said: “We are delighted to help ANZ achieve its goal of implementing a core banking solution throughout Asia. Asia Pacific is a market of strategic focus for Finacle and we look forward to closely working with ANZ to provide a core banking solution that supports their growth plans in the region.”
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Haragopal M, Business Head-Finacle, Infosys Technologies, said: “We are delighted to help ANZ achieve its goal of implementing a core banking solution throughout Asia. Asia Pacific is a market of strategic focus for Finacle and we look forward to closely working with ANZ to provide a core banking solution that supports their growth plans in the region.”...
In reply to:
Finacle from Infosys Implemented In Record Time for ANZ in Asia
Posted by : Infy_fan_always
Gary Ebeyan, Chief Executive Officer, Infosys Australia said: “We are very pleased to be working with ANZ. Considerable planning has been undertaken to ensure all aspects of the project were effectively managed. The Infosys Global Delivery Model combined with Finacle’s flexibility enabled us to deliver in record time.”
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