Infosys Q3 results very impressive, brokerages say

Infosys posted a flat third-quarter net profit, beating analyst expectations, as it maintained margins despite higher operating costs.

The second-largest Indian software services provider said profit for the three months ended December 31 was Rs. 2,369 crore.

BROKERAGE VIEWS

Kotak

"Infosys has reported an excellent quarter... the company has some levers through which it can use to protect profitability."

Nomura

"Q3FY13 revenues are very impressive, organic growth guidance not being cut is a positive."

Motilal Oswal

"Expect upgrades in FY13 and FY14 EPS (earnings per share) estimates."

Citi

"Infosys maintaining FY13 organic guidance is a big positive."