(INFY) Infosys Technologies – Bull of the Day

November 16th, 2009

We are upgrading Infosys (INFY) to an Outperform rating with a target price of $57. Through the ongoing economic downturn, the company has invested in Research & Development as well as intellectual property-based solutions. It continues to focus on large deals targeted at organizational transformation where there is a dearth of vendor talent.

The company continues to win new customers and manages to keep its order book healthy. It is increasing its presence in the emerging markets of Mexico, Brazil, China and India from where an increasing proportion of revenue can be sourced in the coming years.

Finally, its solid balance sheet and cash flow generation provides support to our estimates.

Zacks Investment Research

More on this topic (What's this?)
Sales fall at Infosys…but at as bad as expected (China and Asia Stock Alert - Glo..., 1/12/10)
Infosys – Is it Over valued? (MaxKapital, 10/9/09)
Infosys beats estimates, returns to sequential growth in Q2 (TANMAY OBSERVES!, 10/10/09)
INFOSYS Q2 WATCH (TANMAY OBSERVES!, 10/8/09)
Read more on Infosys Technologies at Wikinvest


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