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Infosys (INFY.BO / INFY, Buy)
1) Infosys 3.0 strategy on track – Infosys management articulated the Infosys 3.0
strategy of addressing trends like cloud computing, mobility and future sustainability
with an objective of getting closer to the clients, increase revenue per employee and
achieve non linear growth.
2) Budgets won’t change this year, optimistic on LT – Management stated that they
don't see budgets for 2011 getting impacted due to deteriorating macro conditions.
Despite low visibility on 2012, they remain confident of the long-term growth drivers
for the industry. Further, they added that they would not chase deals by being a low
price leader.
3) INFY still getting premium pricing, no intention to cut prices – Management
reiterated that they continue to get premium pricing and it is stable currently. However,
deals over US$5mn are becoming very competitive on pricing. Lower margins should
not result in increased shareholder returns and the company doesn’t need to cut
margins as they continue to grow, in our view.
4) FY2012 revenue guidance remains intact – Management remained comfortable
about achieving the USD revenue guidance of 18%-20% for FY2012. Management also
stated that despite macro concerns and low visibility on 2012, they do not see reasons
to revise it at this point of time.
for details of remaining company see link
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Infosys (INFY.BO / INFY, Buy)
1) Infosys 3.0 strategy on track – Infosys management articulated the Infosys 3.0
strategy of addressing trends like cloud computing, mobility and future sustainability
with an objective of getting closer to the clients, increase revenue per employee and
achieve non linear growth.
2) Budgets won’t change this year, optimistic on LT – Management stated that they
don't see budgets for 2011 getting impacted due to deteriorating macro conditions.
Despite low visibility on 2012, they remain confident of the long-term growth drivers
for the industry. Further, they added that they would not chase deals by being a low
price leader.
3) INFY still getting premium pricing, no intention to cut prices – Management
reiterated that they continue to get premium pricing and it is stable currently. However,
deals over US$5mn are becoming very competitive on pricing. Lower margins should
not result in increased shareholder returns and the company doesn’t need to cut
margins as they continue to grow, in our view.
4) FY2012 revenue guidance remains intact – Management remained comfortable
about achieving the USD revenue guidance of 18%-20% for FY2012. Management also
stated that despite macro concerns and low visibility on 2012, they do not see reasons
to revise it at this point of time.
for details of remaining company see link
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