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“I expect India-based Infosys (NASDAQ: INFY), one of our ‘Global Core’ holdings, to be one of our big winners in the year ahead,” says John Christy.

The editor of the Forbes International Investing Report explains, “The company kicked off earnings reporting season with an 18% net income growth during the quarter. These earnings were in line with expectations. Of course, simply meeting expectations is never good enough for Wall Street, so INFY shares tumbled on the news.

“Infosys also revised its full-year EPS estimate upward to $1.99 per ADR, but again this wasn’t good enough — I guess some folks were expecting a bigger revision.

“The main concern continues to be the strength of the Indian rupee, which is close to a 10-year high. This is a fair point, but 18% earnings growth in the face of a stiff headwind from the rupee is pretty good in my book. And Infosys actually reported higher margins on an operating basis.

“Most importantly, we need to keep the big picture in perspective. Even the skeptics would agree that Infosys is one of the strongest and best-managed companies in the emerging markets universe.”

Continue reading Infosys (INFY): Poised to be a ‘big winner’

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This entry was posted on Friday, November 2nd, 2007 at 3:44 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.