The information technology company reported on April 13 fourth-quarter net profit of $463 million, or 81 cents a share, up from year-earlier net profit of $402 million, or 70 cents."Infy's Head of Global Sales & Marketing & member, Exec Council, Basab Pradhan presented at our Global Tech Conference yesterday," Bank of America Merrill Lynch analysts wrote in a report on May 9. "Key takeaways a) Demand outlook remains uncertain b) FY13 wage hike will be considered if growth surprises or if weak Rupee provides cushion. Promotion related wage hike to 15,000 people effective July c) Company remains focused on investing in growing consulting/SI & Products, Platforms & Solutions (PPS) and remains in transition mode. Efforts to strengthen global sales/marketing continue. Maintain Neutral on our FY12-14 EPSg forecast of 11% and thus richer PEG valuation vs peers. Also see near term risks of spike in attrition and negative press on visa case." Forward Annual Dividend Yield: 1.2% -- Written by Alexandra Zendrian
>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts