In the fiscal fourth quarter Infosys posted earnings of 85 cents a share, beating the consensus estimates of 79 cents a share by 6 cents. Revenue grew 7.7% from the year-ago quarter to $2.09 billion. Analysts surveyed by Thomson Reuters expected revenue of $2.11 billion for the quarter.
Looking to fiscal 2015, which ends March 31, 2015, Infosys expects revenue to grow between 7% and 9%. That would result in revenue of between $8.826 billion and $8.991 billion. Analysts' estimates call for $9.06 billion for the year.
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TheStreet Ratings team rates INFOSYS LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INFOSYS LTD (INFY) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."