Financial Physics
Research Report on Infosys Technologies Limited

Infosys Technologies Limited (Infosys) is a global technology services firm that defines, designs and delivers information technology (IT)-enabled business solutions to its clients. The Company provides end-to-end business solutions that leverage technology for its clients, including consulting, design, development, software re-engineering, maintenance, systems integration, package evaluation, and implementation and infrastructure management services. Infosys also provides software products to the banking industry. Infosys BPO (formerly Progeon Limited) is a majority owned subsidiary. Infosys Australia, Infosys China and Infosys Consulting are the Company’s wholly owned subsidiaries. In June 2006, Infosys acquired the shares in Infosys BPO held by Citicorp International Finance Corporation (CIFC). As a result, Infosys effectively holds 99.98% of the equity share capital of Infosys BPO as of March 31, 2007.

 

Infosys Fundamentals
Year Revenue Net Income EPS P/E Average Share Price Net Margin Return on Equity
1999           157.5  
2000 203.4 61.3 0.12 30.15% 30.96% 224.7 26.96
2001 413.9 132.0 0.25 31.88% 51.75% 138.3 34.58
2002 545.1 164.5 0.31 30.18% 43.62% 47.8 14.82
2003 753.8 194.9 0.37 25.85% 36.48% 42.9 15.87
2004 1062.6 270.3 0.51 25.44% 34.22% 34 17.34
2005 1592.0 419.0 0.76 26.32% 37.98% 37.4 28.42
2006 2152.0 555.0 1 25.79% 35.92% 36.1 36.10
2007 3090.0 850.0 1.5 27.51% 37.33% 31.4 47.10

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