Infosys: First Indian Company on NASDAQ Message Board

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Technology Stocks : Infosys: First Indian Company on NASDAQ

INFY 17.82

-1.2%

Jan 9 9:30 AM EST

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To: Chinacat who wrote ()	2/2/2000 1:03:00 PM
From: Skeezix	Read Replies (1) of 67

BOMBAY, Feb 2 (Reuters) - Merrill Lynch said in a research report it was raising 1999/2000 (April-March) earnings per share (EPS) estimates of Indian software leader Infosys Technologies Ltd after better than expected third quarter results. It also set a long-term 'Buy' rating for the Infosys local shares and its American Depositary Receipts (ADRs) (NasdaqNM:INFY - news). ''So far, the revenue/profit performance has been better than our expectations and hence, we are raising our earnings per share (EPS) estimate for FY2000 by 17 percent,'' Merrill said in the report written in conjunction with DSP Merrill Lynch on January 19. Full report: biz.yahoo.com

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