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Infosys Technologies
Infosys : 'BUY on rumour and SELL on news\'
Posted by :
Infy_fan_alwaysTracked by: 0 Boarder
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....
Infosys buys Axon Group for Rs 3,300 crore
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
For tomorrow, better stay away from the stock , as it can be volatile.
There may be a thousand smart alecs out there who loves, \\\\...
In reply to:
Infosys buys Axon Group for Rs 3,300 crore
Posted by : Infy_fan_always
Axon group, is a SAP consulting company, this acquisition is opening up the consulting space to Infosys in a huge way.
What is more important is the strategy to focus in the European markets.
The management has taken very strong and innovative steps for the last 2 quarters , and it is very much visible from the company's perfomance.The new retail software product 'ShoppingTrip360' will bring in huge margins, once it starts kicking. The focus on Software products is what allowed infy to have a higher net profit than TCS , even though the TCS revenue is way higher than Infy.
Infosys is also having its analyst meet on August 27.
Overall , its a whole new world opening up, and I expect Infy to break 2000 barrier before Q3 results with ease.
Cheers! 
Infosys: Spot on
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys has put the billion worth of cash on its balance sheet to good use by snapping up the UK-based Axon Group for £407.1 million (3 million). At just under two times CY07 sales and a trailing price-earnings multiple of around 18 times, the acquisition may seem a tad expensive. That’s because the £200-million Axon is nowhere as profitable as Infosys; the former’s operating profit margin (OPM) at 15 per cent is way below that of Infosys’ 30.5 at the end of the June 2008 quarter.
However, looking at it another way, the cash would have earned Infosys about 5-6 per cent. Even if the dividend yield from Axon and its earnings per share (EPS) are only marginally positive at present, they can be made to grow.
But it’s probably not a bad time for a buyout because share prices have come off sharply. Axon has yielded about 30 per cent since the start of the year to close at £502 last Friday.
More importantly, the firm has a strong SAP and consulting practice, something Infosys probably misses. Among its peers, Satyam Computers has a good presence in SAP. That apart, Infosys will also inherit some marquee clients and even if some of them are already working with it, there should be an opportunity to cross-sell products.
Also Infosys currently earns about 29 per cent of its revenues from Europe—this buyout should push up the exposure to the continent to around 35 per cent.
The acquisition is not a very large one and that will probably help Infosys digest it better. Compared with about 100,000 people at Infosys, there are only 2000 employees at Axon. Rather than buy up a big company with thousands of employees and try to bring down costs, Infosys has chosen to buy a reasonably profitable smaller firm with a specialisation.
That is probably the best way to go about it especially at times like this when the environment is challenging. The Street should be satisfied that Infosys has at last used up some of its cash.
...
Infy ADR shines BUT in RED COLOR.
Posted by : GuestTracked by: 0 Boarder
Investeros have rejected Infy Axon deal ... Take care....
Infosys buys Axon Group for Rs 3,300 crore
Posted by : GuestTracked by: 0 Boarder
Negative impact tommorow. Nothing positive from this deal .. Just like Tata Chorus deal ... ...
In reply to:
Infosys buys Axon Group for Rs 3,300 crore
Posted by :
vtycoon
what impact will it have on share price ? for tomo ?
Infosys buys Axon Group for Rs 3,300 crore
Posted by : GuestTracked by: 0 Boarder
Don't expect anything positive..At lower level definitly it will break 1250 level soon.
Cheers Infy Fan ......
In reply to:
Infosys buys Axon Group for Rs 3,300 crore
Posted by : Infy_fan_always
Axon group, is a SAP consulting company, this acquisition is opening up the consulting space to Infosys in a huge way.
What is more important is the strategy to focus in the European markets.
The management has taken very strong and innovative steps for the last 2 quarters , and it is very much visible from the company's perfomance.The new retail software product 'ShoppingTrip360' will bring in huge margins, once it starts kicking. The focus on Software products is what allowed infy to have a higher net profit than TCS , even though the TCS revenue is way higher than Infy.
Infosys is also having its analyst meet on August 27.
Overall , its a whole new world opening up, and I expect Infy to break 2000 barrier before Q3 results with ease.
Cheers!
Infosys Target 1500 Rs. in next 3 days.
Posted by : GuestTracked by: 0 Boarder
Infy - Axon deal is the costliest deal till now. Initially profit margin will be heavily affected. Sell Sell Sell ..
...
Infosys buys Axon Group for Rs 3,300 crore
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Axon group, is a SAP consulting company, this acquisition is opening up the consulting space to Infosys in a huge way.
What is more important is the strategy to focus in the European markets.
The management has taken very strong and innovative steps for the last 2 quarters , and it is very much visible from the company's perfomance.The new retail software product 'ShoppingTrip360' will bring in huge margins, once it starts kicking. The focus on Software products is what allowed infy to have a higher net profit than TCS , even though the TCS revenue is way higher than Infy.
Infosys is also having its analyst meet on August 27.
Overall , its a whole new world opening up, and I expect Infy to break 2000 barrier before Q3 results with ease.
Cheers!...
In reply to:
Infosys buys Axon Group for Rs 3,300 crore
Posted by : vtycoon
what impact will it have on share price ? for tomo ?
Infosys buys Axon Group for Rs 3,300 crore
Posted by : vtycoonTracked by: 0 Boarder
what impact will it have on share price ? for tomo ? ...
In reply to:
Infosys buys Axon Group for Rs 3,300 crore
Posted by : Infy_fan_always
Infosys Technologies has announced that it has agreed terms for a recommended cash offer for a leading UK-based SAP consulting company, Axon Group, in a deal value at Rs 3,300 crore ($753.1 million). The transfer of ownership to Infosys is expected to be completed by November 2008, subject to the scheme of arrangement.
Commenting on the transaction Kris Gopalkrishnan, CEO of Infosys said, \'This strategic combination of our groups will accelerate the realisation of our common aspiration - that of becoming the most respected provider of business transformational services in the global marketplace\'.
Axon provides consultancy services to multinational organisations that have chosen SAP as their strategic enterprise platform and has about 2000 employees. Specialising in the delivery of change through technology enabled transformation programs, Axon’s consultants bring in-depth industry expertise alongside best practice functional knowledge to address the strategic, operational, information management and organisation effectiveness challenges faced by organisations today.
Founded in 1994, today, Axon has offices in the UK, North America, Malaysia and Australia.
Axon reported net profit of Rs 160 crore ($37.4 million) on a total revenue of Rs 1660 crore ($378.3 million).
Infosys buys Axon Group for Rs 3,300 crore
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys Technologies has announced that it has agreed terms for a recommended cash offer for a leading UK-based SAP consulting company, Axon Group, in a deal value at Rs 3,300 crore ($753.1 million). The transfer of ownership to Infosys is expected to be completed by November 2008, subject to the scheme of arrangement.
Commenting on the transaction Kris Gopalkrishnan, CEO of Infosys said, \'This strategic combination of our groups will accelerate the realisation of our common aspiration - that of becoming the most respected provider of business transformational services in the global marketplace\'.
Axon provides consultancy services to multinational organisations that have chosen SAP as their strategic enterprise platform and has about 2000 employees. Specialising in the delivery of change through technology enabled transformation programs, Axon’s consultants bring in-depth industry expertise alongside best practice functional knowledge to address the strategic, operational, information management and organisation effectiveness challenges faced by organisations today.
Founded in 1994, today, Axon has offices in the UK, North America, Malaysia and Australia.
Axon reported net profit of Rs 160 crore ($37.4 million) on a total revenue of Rs 1660 crore ($378.3 million).
...
Infosys says to delist Axon when deal closes
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
When the deal closed, Axon would be delisted from the London exchange, CFO V. Balakrishnan told a news conference.
Indian outsourcing firms such as Infosys and its bigger rival Tata Consultancy Services are expanding in Europe, Asia, the Middle East and Latin America to cut their dependence on the U.S. market, which accounts for more than half the sector\\`s revenue.
...
Infosys to buy Axon Group in all-cash deal
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys Technologies India's No. 2 software services exporter, on Monday said it had agreed to buy UK-based consultancy services firm Axon Group Plc in an all-cash deal valued at 407.1 million pounds. Nasdaq-listed Infosys expects the deal to be completed by November 2008, it said in a statement.
It said the acquisition would 'accelerate the achievement of some of Infosys' current strategic corporate objectives, including the continued expansion consulting capabilities'.
Last month, Infosys, which develops applications, designs supply chains and offers back-office services, reported a 21 percent rise in quarterly profit but warned of challenging times ahead as its major Western clients battle weakening economies.
Ahead of the announcement, shares in Infosys, which the market values at $22 billion, ended 0.5 percent higher at 1,703.05 rupees in a Mumbai market .BSESN that closed up 0.3 percent.
...
Infosys to buy UK based Axon group
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys is all set to buy UK based Axon group for 407 mn euros. The deal is to be completed by November 2008. The UK based Axon Group is into consultancy services.
Axon Group has 2000 employees. The Q1 revenue for Axon was 204.5 mn pounds in 2007. The profit after tax for the same period was 20.2 mn pounds. According to sources in Infosys, transfer of ownership will be completed by November. ...
BSE Announcements on Infosys
Posted by : MMB MessengerTracked by: 0 Boarder
Infosys Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2008 has approved the proposed scheme of arrangement to acquire Axon Global Plc.
In this regard the Company has issued a Press Release dated August 25, 2008 titled "Infosys announces its plans to acquire Axon Group plc; Cash offer of Euro 407.1 million"...
NSE Announcements on Infosys
Posted by : MMB MessengerTracked by: 0 Boarder
Infosys Technologies Ltd. has informed the Exchange regarding a press release dated August 25, 2008, titled "Infosys announces its plans to acquire Axon Group plc". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
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