Infosys Q4 results worse than expected: CLSA

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 CLSA has come out with report on Infosys, regarding analysis of its Q4 results. According to report, Infosys results are worse than expected. Infosys Technologies reported a net profit of Rs 1,144 crore (Rs 11.44 billion) in the fourth quarter versus Rs 983 crore (Rs 9.83 billion) in the previous year, a growth of 16.38%.

Infosys announced its FY08 guidance and it expects revenues of Rs 17038-17308 crore and an EPS of Rs 80.29-81.58. CLSA said that the FY08 guidance on EPS and revenue is below their expectations.

Its dollar growth number is in line at the upper end, while it sees EPS downgrades happening. CLSA further mentioned that apparent loss of margin of safety in Infosys Q4 results is worrying as the company has missed its Q4 guidance for the first time in history.