INFOSYS
Article Abstract:
Infosys Technologies (IT), the Rs258 crore software company, increased its exports to Rs250.94 crore in 1997-98 from Rs125.28 crore in 1996-97. Its net profit increased by about 81 percent to Rs60.37 crore. Yantra Corporation, its 100 percent subsidiary in the US, showed a net loss of Rs5.83 crore on net revenues of Rs4.78 crore in 1997-98. IT will see improved business through Y2K projects and Euro-conversion projects. The company gave a 1:1 bonus issue to shareholders in 1997-98. Its equity capital increased to Rs16.02 crore in 1997-98 from Rs7.26 crore in 1996- 97. It gave an earnings per share of Rs52.04 against Rs46.14 in 1996-97. It is expected to increase its net profit by 50 percent in 1998-99. (khr)
Comment:
Increases its exports to Rs250.94 crore in 1997-98 from Rs125.28 crore in 1996-97
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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INFOSYS TECHNOLOGIES
Article Abstract:
Infosys Technologies (IT) posted a 115 percent growth in its sales at Rs97.53 crore in the first quarter of 1998-99 (Rs45.34 crore in the same period of 1997-98). Its net profit increased by 150 percent to Rs23.62 crore (Rs9.22 crore). The projection of the net profit of IT for 1998-99 by Credit Lyonnais, a foreign institutional investor, is Rs99 crore, by SSKI Securities Rs100 crore and by the Dalal Street Journal Rs95 crore. IT's earning per share is likely to be Rs60. (rk)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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CORPORATE FORECAST: INFOSYS
Article Abstract:
Research houses have predicted a consensus net profit of Rs97.30 crore for Infosys Technologies in 1998-99. Birla Marlin Securities has predicted that the company will give an earnings per share (EPS) of Rs62.3 in 1998-99 while Cazenove India predicts an EPS of Rs59.2. SSKI Securities has predicted that the company will give an EPS of Rs67 while Warburg Dillon read of the US has predicted an EPS of Rs60.6. (khr)
Comment:
Research houses have predicted a consensus net profit of Rs97.30 crore for Infosys Technologies in 1998-99.
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
User Contributions:
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