INFOSYS: Predicting Through Gaps Anticipated Happened
Infosys Results were declared where its ' second quarter net profit grew 1.4 percent quarter-on-quarter (1.6 percent year-on-year) to Rs 2,407 crore for the quarter ended September 2013, impacted by one-time visa settlement charge of Rs 219 crore. Consolidated quarterly revenue jumped 15 percent sequentially (31.5 percent year-on-year) to Rs 12,965 crore, with the company attributing it to robust volume growth, stable pricing and strong client addition during the growth. The company, like most exporters, also benefitted from the weakness in the rupee during the quarter. The company said average rupee-dollar rate during the quarter was 62.77. After announcing the results the stock price of Infosys way up by 7.5% in the early hours of trade. All this was just because of good results or there was already a cause followed by its effect? On 3 rd of August 2013 we had published an article on Infosys: Predicting through Gaps in which we had mentioned, “ Prices have taken out