Infosys Reports Flat Income, But Shares Are Technically Strong

Filed under: Earnings reports, Technology

Infosys Technologies Limited (INFY), a tech concern based in India that provides solutions in the IT field, has been extremely popular over the last year. The price for the American Depositary Share (ADS) is near a 52-week high. Earlier in the week, the company released its Q3 report. The market did not seem disappointed.

The top line expanded by over 5% on a year-over-year basis. Earnings per diluted ADS weren't as impressive, rising only 1.7% to 59 cents. That percentage gain translates to a mere penny increase. Net profit on a dollar basis was flat.

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Infosys Reports Flat Income, But Shares Are Technically Strong originally appeared on BloggingStocks on Wed, 13 Jan 2010 18:00:00 EST. Please see our terms for use of feeds.

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