Infy's EPS to rise by 114%

MUMBAI: Indian bluechip software services firm Infosys Technologies' earnings

per share (EPS) has been forecast to jump over 100 per cent in the current year,

according to a consensus estimate of eight Wall Street analysts polled by

Multex.com.

A report dated March 24, said the analysts expected Infosys' earnings to rise

114.6 per cent to $1.00 per share in the year ending March 31, 2001 and by 46

per cent to $1.46 in the year ending March 2002. It said analysts expected the

January-March 2001 earnings for the Nasdaq-listed Infosys at $0.29 per share.

The report said profits of Infosys' peer group of large financial management

software companies including CCC Information Services, Great Plains Software

Inc, HNC Software Inc and Intuit Inc were expected to grow 32.33 per cent in

2001 and 33.31 per cent in 2002.

Infosys shares were 0.26 per cent higher at Rs 4,231.50 in afternoon deals on

Monday while the benchmark Bombay Stock Exchange index was up 0.15 per cent.

Infosys American Depositary Receipts ended Friday at $68-4/16 at the Nasdaq. The

analysts have an aggregate evaluation of hold rating on the stock.

The research companies polled by Multex included, Bank of America Securities,

Deutsche Bank Alex Brown, Goldman Sachs, Merrill Lynch, Morgan Stanley Dean

Witter, Robertson Stephens, Thomas Weisel Partners LLC and W R Hambrecht.

(C)