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insight95in's picture
Submitted by insight95in on December 3, 2009 - 14:22

Buy Infosys Technologies

Infosys Technologies
Buy Price: Rs2,396 Target Price (Dec 10): Rs2,727

Acceleration ahead

* Revenue outlook on vertical basis is strong, per management:
a) Banking vertical (34% of revs) will do exceedingly well in FY11, b)
Retail (14% of revs), energy & utilities (6% of revs) vertical continue
to do well, c) Telecom service provider (16% of revs) is likely to do
well (largest telecom client has stabilized) & d) Manufacturing vertical
(19% of revs), though may lag recovery will contribute to growth. We

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