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To: heronwater who wrote (8187)	4/11/2001 1:05:44 AM
From: 2MAR$	Read Replies (1) \| Respond to of 19633

-India's Infosys <INFY.BO> Q4 results BOMBAY, April 11 (Reuters) - India's bluechip software firm Infosys Technologies Ltd <INFY.BO> <INFY.O>, keenly watched by a bearish market, said on Wednesday fourth-quarter net profit jumped 94.5 percent from a year earlier. India's third-largest software exporter said net profit rose to 1.82 billion rupees in the January-March quarter, from 934.2 million in the year-ago period. That nearly matched a consensus estimate of 1.85 billion in a Reuters poll of 12 brokerages released earlier this week. Following are immediate comments from analysts: - - - - Latest comments... A STRATEGIST AT ONE DOMESTIC RESEARCH HOUSE IN BOMBAY "We were expecting net profit to grow sequentially by 15 percent. These numbers are bad, there has been margin contraction and a slowdown in the topline. I expect the double whammy effect to continue in the next two quarters." "The biggest clients always know your margins, and in a slowdown they will not allow you to make such high profits." - - - - Earlier comments... ANIL TEWARI, ANALYST AT GOLDMAN SACHS, HONGKONG "One of the things for the net profit (falling marginally below consensus estimate) is that the rupee did not depreciate as it did in the previous quarter. It is almost flat. The effect generated in the past quarter obviously was not there in the latest quarter." - - - - YESHWANT KINI, ANALYST AT SG SECURITIES, BOMBAY "It seems to be in line with expectations. We had forecast a fourth quarter net profit of 1.84 billion rupees against which they have achieved 1.82 billion rupees." - - - - R. RAVI, ANALYST AT ICICI SECURITIES, BOMBAY "The results are extremely good and in line with market expectations. The future course of stock will be decided by what the management says in the conference call later in the day." - - - - MAHESH VAZE, ANALYST AT MOTILAL OSWAL SECURITIES, BOMBAY "It is below my expectation. The result will have a negative impact on the entire sector." "I also expect some sort of a "read my lips" kind of caution on the outlook." - - - -Results for the year ended March 31, 2001 Net profit 6,288.1 vs 2,935.2 Total income 19,599.3 vs 9,214.6 Earnings per share (in rupees, diluted) 94.76 vs 44.37 Note - Infosys Technologies Ltd (NasdaqNM:INFY - news) is based in Bangalore and is India's third-largest software exporter. A Reuters poll of 12 brokerages showed, on average, the company's net profit was forecast to rise 115 percent to 1.85 billion rupees in the January-March quarter from a year earlier. Sales were forecast to increase 102 percent to 5.61 billion rupees. For the full year, net profit was forecast to rise 115 percent to 6.32 billion rupees on sales of 19.49 billion, up 111 percent.