stock market is showing very ups and down movements one can be cautions donot enter in banks yet they corrected market can show downside from here also we have 4 tarding days left in 4 trading days u will see ups and downs if u have all good quality os shares in your parofailo for e.g infosys tcs saytam indiabulls,sesgoa glanmark praj industery sterindia hold till buget donot sell anything if its shows downword it will recover very fast
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infy can be bought with a traget of 3000 soon 
Microsoft Research (MSR) is a unit that seeks to make computing easier and affordable. Infosys Technologies excels in building and providing large-scale software solutions. On Tuesday, the two companies announced a collaboration to figure out newer ways to build software and make it work more effectively. Microsoft and Infosys have come up with a set of problems that call for intensive research. "If we are successful, we will change the way software is written," P Anandan, MD, Microsoft Research Lab India, told TOI. Adds Subramanyam Goparaju, VP and head of Software Engineering Technology (SET) Labs at Infosys, "When the scale of a project reaches a certain size, people often spend time in building the software. And then they spend an equal amount of time to make it work. If we can define a new standard that is more effective and less time consuming, that will benefit the industry at large." Microsoft comes to the table with state-of-the-art tools that could help in coming up with more effective ways to build software. Infosys brings with it the advantage of scale. The sheer size and volume of software services that the latter delivers to its worldwide clients could help this tie up in looking at what works best. "The common challenge for both companies will be to look at how technology can make software more reliable and in turn reduce the complexity involved in its development phase," explains Rick Rashid, senior VP, Microsoft Research, who is also credited with being the first employee to be asked by the board of directors at Microsoft Corp to start MSR, way back in 1991. MSR has 50 researchers in Bangalore and gets a strong supply of interns every year. It has produced over 55 research papers. SET Labs at Infy is over 100-strong. The two together could change the way software engineers work.
Revenues seen beating those from other IT services in a few years
MUMBAI: Infosys Technologies Ltd expects revenues from its business process outsourcing (BPO) segment to surpass those from its other IT services in the next couple of years.
Already, Infosys BPO is growing at a faster rate than the company itself in the last few quarters. Its second-quarter results of FY07 showed healthy operating margins; revenues touched Rs 157 crore. It grew by 20.6% sequentially in the first quarter of this fiscal and by 22.6% in the second quarter.
The country’s second-largest software exporter said its BPO sector — Infosys BPO (formerly Progen) - is witnessing increased momentum both in package implementation.
Amitabh Chaudhry, CEO and managing director, Infosys BPO, told DNA Money: “As the contribution of the BPO segment is growing, it is expected to become larger in the future and I am working to surpass the revenues coming from IT in the coming years. Even though we contribute not very large proportion of total revenues, Infosys BPO has achieved meaningful size in last few quarters.”
According to the projections made by Nasscom-McKinsey on IT exports from India, the BPO sector is likely to account for $25 billion by 2010, while IT services would bring in $35 billion as against BPO exports of $6.3 billion and $13.5 billion of IT of in FY06. The revenue contribution has now increased to $40 million during the current quarter and its headcount now stands at 10,391. In the current quarter, revenue was up 19.8% Q-o-Q and 79.9% Y-o-Y.
Meanwhile, it is felt that inadequate supply of manpower may be a risk to continued high growth rate of Infosys BPO.
“But if the wage inflation is higher than expected to attract the required talent, the profitability may be adversely impacted,” Chaudhry added on the sidelines of Nasscom Leadership forum held in Mumbai.
Infosys BPO is expecting around $145 million in revenues by the end of the current fiscal and its operating margin at around 26%. The total number of clients served stands at 29; the company has also acquired a Fortune 10 client for handling its procurement process.
Analysts said current environment on wage front suggests that double-digit wage inflation is to continue for the next couple of years. Moreover, multinationals - who are setting up units in India — may poach on the experienced talent pool of Indian IT companies. This may lead to higher-than-expected attrition but Infosys BPO will sustain strong revenue momentum along with maintaining its healthy net margins.
Infosys Technologies is planning to invest about Rs 400 crore in setting up two facilities, one for BPO operations and the other for IT services, both at the Mahindra SEZ in Jaipur. The company at present operates Rs 20 crore BPO facility at Sitapura in Jaipur.
Andrew Corn submits: Since the inception of our Clear International Portfolio, Infosys Technologies (INFY) has provided phenomenal returns to our clients. INFY evolved from a private consultants firm in 1981 out of Pune, India, to an international information technology company.
With its home corporate office now based out of Bangalore, INFY designs and delivers a multitude of information technology [IT] enabled business solutions. For example, INFY provides services including: consulting, design, custom application development, software reengineering, maintenance and production support, systems integration, package evaluation and implementation, testing services, operations and business process consulting, engineering services, and infrastructure management services.INFY and its subsidiaries employ 69,432 people, as of 12/31/06, at its 24 global development centers, 20 of which are in India. INFY maintains 43 sales offices around the world with only 5 in India. INFY, through its subsidiary, Progeon, provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing. It serves clients in financial services, manufacturing, telecommunications, retail, utilities, logistics, and other industries in North America, Europe, and the Asia-Pacific region.Improving Toshiba America Information SystemsA recent example of INFY at work is its collaboration with Toshiba America Information Systems, Inc. [TAIS] to improve customer operations and centralize IT services. INFY helped TAIS fully automate its order and financial management processes into an end-to-end, order-to-cash business flow. Additionally, INFY seamlessly integrated Oracle software within the complete procure-to-pay business process which has helped TAIS create efficiencies and streamline its purchase and payment cycles.
TAIS now has a greatly improved purchase requisition preparation cycle and a shortened payment approval cycle, helping drive faster and better customer operations. With this collaboration, INFY has further increased its U.S. visibility as a company that delivers solutions and will continue to grow because of such a reputation.
With an industry dominating market capitalization of $32.75 billion, INFY proves to be the company with the most momentum entering the fourth quarter and has generated revenues of $2.91 billion over the past year. This incredible revenue resulted in an incredible net income increase of 38.62% over the trailing twelve months. Its growth over five years does not seem to be decreasing, posting a 35.67% five year net income growth. With an outstanding return on equity [ROE] of 39.84%, INFY continues to top its industry while ranking second in that statistic.
Financial AnalysisAfter its last earning report, much analysis has rightfully gone into employee turnover and costs. It is our observation that cost and client contracts are in sync. Employee turnover is at historic norms and with an anticipated 5,000 new hires coming on-line, INFY is not forecasting a slowdown anytime soon. Global businesses view wages as a variable expense and can be adjusted based on actual contract flow.
Much of their business outside of India is based on sales and service, and on-site support, which is a business that is not core to its mission. We believe that real wage gaps with Western Europe and the U.S. will exist for the foreseeable and education will continue to improve in India. This combination continues to provide INFY with a competitive advantage in the global marketplace.
As for valuation, the price to earnings [P/E] ratio of 43.17 is around the industry average. However, when taking into account growth and profitability, and balancing it with valuation, our algorithms calculate that INFY appears to have room for price appreciation and potentially delivering more benchmark beating results for our investors. There seems to be some consensus as the recommendations of the most recent sell-side research is in agreement with ranking of our multifactor model.
Disclosure: Infosys Technologies (INFY) is held in the Clear International portfolio which is managed on a separate account platform. Mr. Corn is the founder and CEO of Clear Asset Management LLC and owns (INFY) directly through the Clear International portfolio.
