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Infosys Technologies
Infy : Indian rupee falls beyond 44 level against US dollar
Posted by :
Infy_fan_alwaysTracked by: 0 Boarder
The Indian rupee fell sharply against the US dollar in opening deals on Tuesday. At about 11:40 pm ET, the rupee touched 44.1350 against the US dollar, which set a lowest point for the former since April 05, 2007.
On the downside, the rupee may likely target the 44.6350 level against the buck. The dollar-rupee pair closed Monday\\`s deals at 43.6900. ...
Infy stock to go up
Posted by : IT_BullsTracked by: 0 Boarder
US Dollar is at Rs 44.10 now...buy Infy and TCS....
In reply to:
Infy stock to go up
Posted by :
rajivksh
It is difficult of see how infosys can turn this company into a 30% operating margin level.
Infosys mgmt has not demonstrated such wonders in the past and only time can tell their strength in this area.
My opinion is that it will take time to be fruitful. Murthy and Nandan must have taken a really long term view. The key gain is the clients not the people of Axon. Axon have over 70 customers in Non-US geographies and I believe it is strength. 
Axon agrees 600p Infosys bid
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Business services software specialist Axon has agreed a 600p, £407m, takeover from Indian outsource group Infosys.
The bid, a 19.4% premium to Friday\\`s price, has been accepted by 18.1% of Axon\\`s shareholders including founders Mark Hunter, Donald Kirkwood and Paul Manweiler.
\\`Against the background of the global economic environment and increasing consolidation in the IT services industry the combination with Infosys represents a compelling proposition,\\` chairman Roy Merritt said.
Axon\\`s interim results, published today, showed revenue up 28% to £123.9m (H1 2007: £96.7m)with pre-tax profits of £16.3m against £13.4m.
There is an interim dividend of 2.25p, which is in addition to the 600p offered by Infosys. ...
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
infosys is the so called blue chip but its hard to trade in it sector so we need to associate to some expertise service as found on the leenk above to trade in such sector...
Down with the Acquisition !
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Merrill Lynch has maintained neutral rating on Infosys, with a target of Rs 2000...
In reply to:
Down with the Acquisition !
Posted by : Infy_fan_always
Morgan Stanley has maintained equal weight rating on Infosys, with a target of Rs 1900
Down with the Acquisition !
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Morgan Stanley has maintained equal weight rating on Infosys, with a target of Rs 1900...
In reply to:
Down with the Acquisition !
Posted by : Infy_fan_always
Dear all!
Stop creating unnecessary hype to the Axon acquisition.
What is more important is the company’s perspective and its attitude to be a true global leader.
* The recent initiative taken to reduce US dependency and increase other market penetration.
* All new 'Ticket-based' Pricing formula, which is going to improve Infy's margins further.
* More focus in the high margin software product business.
* Release of new retail software 'ShoppingTrip360' which is going to open up a whole new world in retail.
* More short term focus on growth than profitability in a market down time
* Establishing its foothold in 'Consulting business' to expand horizon.
* Making use of its huge cash pile of which 40 % is utilized for current acquisition
* Consistently above IT sector's avg profit margin
* Urge to be the global leader.
* Dollar appreciation against the local currency is just a blessing that came at the perfect time
The current acquisition is just a stepping stone for Infosys on its way to be the global leader.
Do not fall into the hype for a short term.
Infosys is only a tip of the ice berg of what it is going to be.
Cheers!
JP Morg removes infy, add freddie ,fannie
Posted by : sam_pdTracked by: 0 Boarder
News flashes :
JP Morgan has removed Infosys from 'Long Side' of Asia Pacific portfolio
So what they have added
JP Morgan added more of Freddie Mac and Fannie Mae so that they can write off more. lol
few more loudmouth FII's are going to air free advice on infy. ...
Down with the Acquisition !
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Dear all!
Stop creating unnecessary hype to the Axon acquisition.
What is more important is the company’s perspective and its attitude to be a true global leader.
* The recent initiative taken to reduce US dependency and increase other market penetration.
* All new 'Ticket-based' Pricing formula, which is going to improve Infy's margins further.
* More focus in the high margin software product business.
* Release of new retail software 'ShoppingTrip360' which is going to open up a whole new world in retail.
* More short term focus on growth than profitability in a market down time
* Establishing its foothold in 'Consulting business' to expand horizon.
* Making use of its huge cash pile of which 40 % is utilized for current acquisition
* Consistently above IT sector's avg profit margin
* Urge to be the global leader.
* Dollar appreciation against the local currency is just a blessing that came at the perfect time
The current acquisition is just a stepping stone for Infosys on its way to be the global leader.
Do not fall into the hype for a short term.
Infosys is only a tip of the ice berg of what it is going to be.
Cheers!
...
Infy stock to go up
Posted by : rajivkshTracked by: 0 Boarder
It is difficult of see how infosys can turn this company into a 30% operating margin level.
Infosys mgmt has not demonstrated such wonders in the past and only time can tell their strength in this area.
My opinion is that it will take time to be fruitful. Murthy and Nandan must have taken a really long term view. The key gain is the clients not the people of Axon. Axon have over 70 customers in Non-US geographies and I believe it is strength....
In reply to:
Infy stock to go up
Posted by : Guest
Infy stock is all set to go up with the acquisition of Axon. It is time to buy this stock.
Down with the Acquisition !
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Dear all!
Stop creating unnecessary hype to the Axon acquisition.
What is more important is the perspective and the attitude to be a true global leader.
* The recent initiative taken to reduce US dependancy and increase other market penetration.
* All new \\`Ticket-based\\` Pricing formula, which is gonna improve infy margins further.
* More focus in the high margin software product business.
* Release of new retail software \\`ShoppingTrip360\\` which is going to open up a whole new world in retail.
* More short term focus on growth than profitability in a market down time
* Establishing its foothold in \\`Consulting business\\` to expand horizon.
* Making use of its huge cash pile of which 40 % is utilized for current acquisition
* Consistently above market profit margin
* Urge to be the global leader.
* Dollar appreciation against the local currency is just a blessing at the right time
The current acquisition is just a steping stone for infy on its way to be the global leader.
Don\\`t fall into the hype for a short term.
Infy is only a tip of the ice berg of what it is going to be.
Cheers!...
Infosys buys UK-based Axon group for £407 m / 3300
Posted by : zoombusinessTracked by: 0 Boarder
Infosys Technologies Ltd today said that it is buying UK-based SAP consulting company Axon Group Plc for £407.1 million or Rs 3,310 crore, in an all-cash deal to strengthen its SAP services offering.
The deal would close at the end of November this year. The payment would be made in December, and it would add to earnings from January 2009, India’s second largest IT services provider said.
This is Infosys’ second acquisition of an entire company. The first came in December 2003 when it acquired Australian company Expert Information Services for $22.9 million.
Shares of the company rose 0.47 per cent to Rs 1,703.05 Monday at the Bombay Stock Exchange. However, Infosys was trading 1.88 per cent lower at $40.78 at the Nasdaq at 8 p.m. IST.
Interestingly, the cost of acquisition is roughly twice Axon’s 2007 revenues of £204.5 million. Typical acquisitions in the IT services space equate the cost of acquisition to the annual revenues. The premium that Infosys might have paid here could be explained by the billing rates that consultancy offerings command.
Last year this month, Infosys’ competitor Wipro announced the acquisition of Infocrossing, a US-based services provider for about $600 million. Infocrossing’s annual revenues at that time were about $232 million.
Axon to be delisted
Axon, which is listed on the London Stock Exchange, would be delisted once the deal is completed, Infosys added. Axon, which specialises in SAP implementation and consultancy, has clients across sectors including aerospace, retail, manufacturing and utilities. The company would add about 2,000 employees to Infosys’ strength of about 94,400 employees as of June 2008.
The object of the acquisition is to have global reach, scale and financial strength necessary to participate in deals that are transformational for client’s businesses, said Mr S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys. (In short, this means that the combined entity would now be eligible for large deals.)
The acquisition price of £6 per Axon share is at a premium of 33.1 per cent to the six months average price of £4.51, and 19.4 per cent to the closing proice of £5.025 on 22 August, the company said.
Growth potential
Mr Gopalakrishnan said this is a space where Infosys sees good growth. There is opportunity in new implementations and also in fuller utilisation of the licences which sit on the shelf, he added.
Axon lacks financial strength and global reach, and Infosys would provide that, said Mr V. Balakrishnan, Chief Financial Officer, Infosys. He later told Business Line that Infosys was sitting on cash of about $1.8 billion. After this acquisition, the company would have roughly a billion dollars.
UK-centric
He said Axon is a UK-centric company but has made acquisitions in the US and has a global delivery centre in Malaysia.
Axon, which services clients in about 30 countries, has reported compounded annual growth rates of 42.7 per cent in revenues and 68.2 per cent in profits for the last five years.
Mr Balakrishnan said the operating margin for Axon in 2007 was 15 per cent. The operating margin for Infosys was 30.4 per cent in the quarter ended June 30.
Typically, the operating margins for an IT services company increases when it moves work to a low-price destination such as India.
Infosys is a global implementation partner for SAP, and has about 2,100 consultants servicing more than 100 clients in 20 countries. Revenue from the SAP practice grew by 65.5 per cent (CAGR over the last three years), it added.
Mr Balakrishnan said a third of the revenue from enterprise solutions for Infosys comes from SAP and that 19 per cent of the total revenue comes from enterprise services, he added.
Axon had reported net profit of £20.2 million on revenue of £204.5 million in 2007. About 61 per cent of Axon’s revenue comes from EMEA. North America contributes to about 61 per cent, and 5 per cent comes from Asia-Pacific, Infosys added
-BL...
Infy stock to go up
Posted by : GuestTracked by: 0 Boarder
Infy stock is all set to go up with the acquisition of Axon. It is time to buy this stock....
Infy may not fall below 1500 in 2008....
Posted by : marketmanTracked by: 0 Boarder
With this Axon bought out deal,infy is looking to expand globally in aggressive manner....
Though the acquisitions in tech sector may not be excited by market participants,with this deal infy may comfortably increase its market share in european continent.... similar bought out deals will be expected in coming future from the company....
Now the analysts expecting that the scrip may not fall below 1500 in the near term.... so the short term downward risk is just 10% from present price levels.......
Infosys
Posted by : zoombusinessTracked by: 0 Boarder
Infosys Technologies said it will acquire UK-based and London Stock Exchange-listed Axon Group, a SAP consulting company, in an all-cash deal worth around Rs 3,300 crore ($753.1 million)....
Infosys : \\`BUY on rumour and SELL on news\\\\\\`
Posted by : GuestTracked by: 0 Boarder
Only you are present in this board nobody else. So don\\`t worry. Keep writing and you only keep reading that message and again keep writing.... You have spoiled this board. Must be big Chu......
In reply to:
Infosys : 'BUY on rumour and SELL on news\'
Posted by : Infy_fan_always
For tomorrow, better stay away from the stock , as it can be volatile.
There may be a thousand smart alecs out there who loves to
'BUY on rumour and SELL on news'.
It is a very good time to be invested in Indian IT and safer to be in IT bellwhether Infosys , but stay away from volatility.
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