IT companies have been the biggest beneficiary of booming financial sector of USA. Financial companies are always hungry for software product/services. Either they or their outsourcing partners had outsourced alot of work to India in recent years. Some of the biggest accounts with Indian vendors are from financial sector. Indian BPO companies are earning their bread 'n butter only from this sector. With so many action going on there, I believe most of IT companies will feel the punch. There are so many subprime companies gone bankrupt and many are not in healthy conditions. Situation with all-prime and prime lenders are also not rosy as rate of interest has gone up quite substantially. On of my friend who lives on USA told me that worst will come in 07-08, when most of borrowers has resetting clause. For subprime loans resetting happens after 2 years whereas for rest it happens after 5 years.

Edited by vipul - 15/Mar/2007 at 5:44am

Just for info. purposes: Infy guidance at 80-81 means expect 88-89! Last year they guided 28-30% growth and delivered close to 50% earnings growth.

Edited by omshivaya - 12/Apr/2007 at 11:28am

Infy has always given a guidance and beaten it, since the time it first listed. So, to each his own. Some may call it faulty guidance(though doing it for 20 years and more seems a deliberate thing) and some prefer to call it conservative. To each his own mentality of thinking. Cheers!

 Infosys is just too classy-a cut above the rest in meritocracy and politicslessness -a strange creature in India.No wonder they can remain cheerful in the wake of the threat of an appreciating rupee.