Infosys Technologies announces Business Outlook for Q4 and FY2007

Infosys Technologies Ltd has announced the following Business Outlook

The company's outlook (consolidated) for the quarter and the fiscal year ending March 31, 2007, under Indian GAAP and US GAAP, is as follows:

Outlook under Indian GAAP - consolidated

Quarter ending March 31, 2007**

- Income is expected to be in the range of Rs 37890 million and Rs 37980 million; YoY growth of 44.4% - 44.7%

- Earnings per share* are expected to be Rs 17.88; YoY growth of 46.3%

Fiscal year ending March 31, 2007**

- Income is expected to be in the range of Rs 139100 million and Rs 139190 million; YoY growth of 46.1% - 46.2%

- Earnings per share* before exceptional items are expected to be Rs 66.63; YoY growth of 48.0%

Outlook under US GAAP

Quarter ending March 31, 2007

- Consolidated revenues are expected to be in the range of $ 859 million and $ 861 million; YoY growth of 44.9% - 45.2%

- Consolidated earnings per American Depositary Share* are expected to be $ 0.40; YoY growth of 42.9%

Fiscal year ending March 31, 2007

- Consolidated revenues are expected to be $ 3.09 billion; YoY growth of 43.6%

- Consolidated earnings per American Depositary Share* are expected to be $ 1.47; YoY growth of 44.1%

* Adjusted for the issue of bonus shares in the ratio of 1:1 allotted on July 15, 2006

** conversion 1$= Rs 44.11

"We have delivered double-digit revenue growth in dollar terms for the third consecutive quarter during this fiscal," said S Gopalakrishnan, COO, President and Joint Managing Director. "We have seen accelerated growth in Europe, which continues to be a key focus market for us."

Source : Equity Bulls

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