Outperform - Price 47.74 on Oct. 13
by Cowen & Co.

Following another "beat-and-raise" quarter, management's tone shifted from cautious to cautiously optimistic, as clients are making spending decisions. The stock continues to screen well for momentum investors looking [for] acceleration [in] revenue and EPS growth... .Flat 2010 [information-technology] budgets could benefit offshore vendors. While 2009 IT budgets declined 6% to 8%, year over year, early indication for 2010 are showing flat y/y IT budgets, noting that offshore budgets are growing faster than overall IT-services budgets. We view the potentially flat y/y budgets in '10, as a positive for offshore [businesses], as clients need to achieve more with the same budgets....INFY is experiencing strong traction in the BFSI [banking, financial-services and insurance] vertical... significant customer wins in India include GE Capital, retail and energy verticals. Market cap: $27.3 billion.

This outsourcing play was the first Indian company to join the NASDAQ 100 index back in 2006. Now, with earnings slated for October 8, can they prove to investors that they're worthy of staying there?

nasdaq listed

However, Seymour does have some India based companies worth putting on your radar in the event of a pullback. They are Tata Motors (TTM), ICICI Bank (IBN), Infosys Technologies (INFY) and Dr. Reddy’s Laboratories (RDY).

fundamentals and sector and execution

good IT company

Outperform - Price 26.69 on Nov. 11
by William Blair & Co.

We estimate that INFY will generate fiscal '09 revenue of $4.75 billion and earnings per [American depositary share] of $2.21. Market cap: $15 billion.

Great management,long term competitive advantages

They seem to be HOT!!! Infy is probably growing at a higher rate than any other BPO

Outperform - Price 41.28 on Sept. 2
by Pacific Crest

Infosys recently announced its intention to acquire Axon Group (AXO.UK)...an all-cash proposal valued at £407.1 million ($753.1 million at GBP/USD exchange rate of £1 = $1.85), at £6 per share; completion expected in November 2008. The deal (1) would strengthen Infosys' SAP practice; (2) [will give INFY greater exposure to Europe. INFY and AXO have complementary industry strengths that should provide cross-selling opportunities for revenue growth. [It] would be neutral to earnings in F2009 and '10, assuming zero synergies...[The] operating margin of the acquired business [must be improved] from its current 14.4%. Market cap: $23.5 billion.

too hard to predict/loss

Excellent Stock to have