Infosys raises FY10 dollar EPS guidance by 5-6%

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Infosys raises FY10 dollar EPS guidance by 5-6%

Infosys Technologies has announced its Q2FY10 results. It raised FY10 dollar EPS guidance by 5-6%. The company said FY10 guidance was based on forex rate of Rs 47/$.

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Infosys Technologies has announced its Q2FY10 results. Its bottomline was above the street expectations while revenues were in line with estimates. Its net profit went up 0.85% to Rs 1,540 crore versus Rs 1,527 crore in previous quarter. 

Its revenues were up 2.06% to Rs 5,585 crore from Rs 5,472 crore on quarter-on-quarter (QoQ) basis. CNBC-TV18 had estimated net profit at Rs 1,509.4 crore and revenues at Rs 5,604.3 crore. 

Guidance

For Q3, it is expecting revenues of Rs 5,429-5,476 crore and EPS (earning per share of Rs 23.35-23.56.

For FY10, in dollar term, Infosys expects to report EPS of $ 2.09-2.10 per share versus previous guidance of $ 1.97-2 and revenues of $ 4.60-4.62 billion versus previous guidance of $ 4.45-4.52 billion.

In rupee term, it is expecting revenues of Rs 21,961-22,055 crore and EPS of Rs 99.60-100. 

Infosys raised FY10 dollar EPS guidance by 5-6%. The company said FY10 guidance was based on forex rate of Rs 47/$