Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

image
Business Standard
177 22
Business Standard

Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

SI Reporter  |  Mumbai 



is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

RECOMMENDED FOR YOU

Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • TD Power Systems surges on winning order from multi-national company TD Power Systems surges on order win from major MNC
  • Why Iran's infra push is good news for India

STOCK WATCH

Company Price() Chg(%)
G M D C 98.40 8.55
Jubilant Life 536.00 5.52
Sundram Fasten. 293.70 5.46
J Kumar Infra 178.75 4.99
India Cements 150.35 4.92
> More on BSE Gainers
Company Price() Chg(%)
G M D C 98.50 8.60
Sundram Fasten. 293.35 5.41
Jubilant Life 535.90 5.25
J Kumar Infra 180.65 5.00
India Cements 150.40 4.99
> More on NSE Gainers
Company Price() Chg(%)
Trident 55.30 -4.66
R C F 47.45 -4.53
P & G Hygiene 6573.95 -2.32
Credit Analysis 1218.95 -1.87
Welspun India 48.05 -1.44
> More on BSE Gainers
Company Price() Chg(%)
Trident 55.25 -4.82
R C F 47.45 -4.62
P & G Hygiene 6548.00 -2.40
Oracle Fin.Serv. 3486.00 -2.26
Credit Analysis 1218.90 -1.81
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard