Infosys slips ahead of Q3 earnings

Meanwhile, the BSE Sensex was down 45.39 points, or 0.23%, to 19,621.20.

On BSE, 62,000 shares were traded in the counter as against an average daily volume of 1.16 lakh shares in the past one quarter.

The stock hit a high of Rs 2,342 and a low of Rs 2,310 so far during the day. The stock had hit a 52-week high of Rs 2,990 on 22 February 2012. The stock had hit a 52-week low of Rs 2,101.65 on 26 July 2012.

The stock had underperformed the market over the past one month till 9 January 2013, rising 0.37% compared with the Sensex's 1.25% rise. The scrip had also underperformed the market in past one quarter, falling 8.23% as against Sensex's 4.65% rise.

India's second largest software services exporter by revenues has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.

Infosys' consolidated net profit rose 3% to Rs 2369 crore on 3% growth in sales to Rs 9858 crore in Q2 September 2012 over Q1 June 2012.

At the time of announcement of Q2 September 2012 results on 12 October 2012, Infosys had cut both revenue and earnings guidance for the year ending 31 March 2013 (FY 2013) due to appreciation of the rupee against the dollar. The company had cut revenue growth forecast for FY 2013 to 17.3% from its July guidance of 19.7% growth. As per the new guidance, the projected revenue for FY 2013 is at least Rs 39582 crore.

The company had cut the projected growth in earnings per share (EPS) for FY 2013 to 10.3% from its July guidance of 14.4% growth. As per the new guidance, the projected EPS for FY 2013 is at least Rs 160.61.

Infosys had retained its revenue growth guidance for FY 2013 in dollar terms while lowering the guidance on earnings per American depository receipt (EPADS). Infosys retained its forecast of 5% growth in revenue to at least $7.343 billion for FY 2013. The company had reduced the guidance on FY 2013 EPADS to $2.97 from the guidance of $3.03 which the company had given on 12 July 2012 at the time of announcement of Q1 June 2012 results.

Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries.

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