Comments on: Solid earnings for IT companies http://blogs.reuters.com/moneyonthemarkets/2009/07/30/solid-earnings-for-it-companies/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Sai http://blogs.reuters.com/moneyonthemarkets/2009/07/30/solid-earnings-for-it-companies/comment-page-1/#comment-140 Sai Thu, 30 Jul 2009 18:53:39 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=823#comment-140 I love Infosys and TCS.. I love Infosys and TCS..

]]> By: A.Kapoor http://blogs.reuters.com/moneyonthemarkets/2009/07/30/solid-earnings-for-it-companies/comment-page-1/#comment-139 A.Kapoor Thu, 30 Jul 2009 17:39:24 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=823#comment-139 If Reliance continues to remain in a state of limbo,the leadership mantle may shift to Infosys.The smart rise in IT sector is perplexing as this sector is moving too much ahead of a recovery. IT sector is obtaining repeat orders by cutting on rates.US is showing an early sign of recovery but Europe is still not out of woods.Prez Obama sounds ambivalent about shifting of jobs to India.But strong dollar at 48/49 is helping this industry boost its profits. IT hiring has not started.Moreover there is a wage freeze.Does this all mean that slow down is continuing? Infosys is giving a lead to market.It could be moving towards 2,500 level by the year end. If Reliance continues to remain in a state of limbo,the leadership mantle may shift to Infosys.The smart rise in IT sector is perplexing as this sector is moving too much ahead of a recovery.

IT sector is obtaining repeat orders by cutting on rates.US is showing an early sign of recovery but Europe is still not out of woods.Prez Obama sounds ambivalent about shifting of jobs to India.But strong dollar at 48/49 is helping this industry boost its profits.

IT hiring has not started.Moreover there is a wage freeze.Does this all mean that slow down is continuing?

Infosys is giving a lead to market.It could be moving towards 2,500 level by the year end.

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