Just like clockwork, and as usual, India-based Infosys (INFY) is scheduled to kick off tech’s December-quarter earnings season after the close Wednesday (Thursday morning in India), followed by Intel (INTC) after the close Thursday — with many more reports coming over the next three weeks. Infosys, an outsourcing company, is usually good for about 3% sequential revenue growth for its fiscal third quarters, which end Dec. 31; but this past Q3 may
Employees of highly-rated Cognizant Technology Solutions (CTSH), as well as Infosys (INFY), Wipro (WIT) and other tech outsourcers, are drying out after weeks of rain that flooded Chennai, India. Plenty of sun with temperatures in the 80s and 90s are forecast for Chennai to close out 2015 and start the New Year. “This will be a pretty bad quarter for Indian IT, no two ways about it,” the India Times quoted a stock analyst as saying Monday. “If
Reporting better-than-expected sales and earnings didn’t help Infosys (INFY) stock Monday, as the India-based tech services firm lowered its revenue guidance for the year. Infosys stock fell 6.6% in the stock market today to under 19. Infosys stock broke out of a cup base at an 18.74 buy point on Sept. 30 and touched a more than four-year high of 19.46 on Oct. 5. Early Monday, the company said that its fiscal Q2 earnings per share minus items had