PINC Research is bullish on Infosys Technologies and has recommended buy rating on the stock with a target of Rs 3690 in its April 15, 2011 research report.
"Infosys reported below expected revenue and EPS growth. USD revenue grew 1.1%QoQ to USD1,602mn, led by pricing increase of 2.5%QoQ and volume decline of 1.4%QoQ. The operating margin declined 120bpsQoQ. Higher other income supported the PAT which grew 2.1%QoQ to Rs18.18bn (PINCe Rs19.1bn). For FY12, outlook was robust with 18-20%YoY USD revenue growth but a bit conservative on profitability front (EPS guidance of Rs126-128).Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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