Infosys Quarterly Results 2010 | Infosys Q4 results 2010: All people in the market were eagly looking for the Infosys Q4 results 2010 which inturn could react as a concrete point to deliver a new direction to the Indian Stock Market.
According to the Reuters, It is projected that Infosys Q4 results 2010 might report March quarter net profit is going to increase to 1 per cent above previous quarter. In the last quarter Infosys Q3 results 2010, the net profit was INR 16.05 billion. This in effect will be 0.5% lower than the previous year net profit.
The results of Infosys will influence the market price of various other software giant also that includes TCS amd Wipro.
Revise: Infosys has documented a marginal rise in consolidated net profit at INR 1617 crore (INR 16.17 billion), Which is marginal rise of 0.25 percent over Infosys Q3 results 2010, where the net profit was INR 16.05 billion.
If we evaluate year to year basis, In the March quarter of last financial year 2008-2009, the net profit was INR 16.13 billion.
This proves again that there exists a pressure on the Margin on the IT biggies and It will eventually be better to be underweight on the IT sector overall. You probably should not buy fresh given the result of Infosys Q4 results 2010.
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