If that holds, that would give Infy about 6.5 per cent growth from 2012.
Thanks to Lodestone, Infy added 89 clients, including 36 clients from Lodestone last quarter.
In the last six months, only Infy shares have declined, this time by 2 percent.
FORBES: Struggling Infosys Looks Outside India Government For Growth
Infy has been trying to tap water from a stone, and surprised everyone by succeeding.
Infosys (INFY) is one of the leading Indian companies when it comes to hiring.
Infosys (INFY) is down 17.03 percent while competitor Wipro (WIT) is down 12.26 percent.
Over the last 12 months, Infy is down 20.8 percent, with Wipro in second at -11.75 percent.
FORBES: Struggling Infosys Looks Outside India Government For Growth
India is particularly interested in helping out its two bellwether IT names, Wipro (WIT) and Infosys (INFY).
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Infosys (INFY) shares are trading sharply lower Friday after the India-based IT services firm provided disappointing financial guidance.
There have been rumors of renewed aggression at Infy sales team in Bangalore and rumblings of disgruntled, unmotivated employees.
Tata now has 276, 196 staffers around the world, more than its local rivals Infosys (INFY) and Wipro (WIT) combined.
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Struggling Indian IT giant, Infosys ( INFY) is looking beyond government info-tech spending and turning towards corporations at home.
FORBES: Struggling Infosys Looks Outside India Government For Growth
Infy has been struggling as of late due to great competition and IT budget cuts in their main European markets.
Infosys Ltd. ( NYSE: INFY) is up about 2.2%, and ICICI Bank Ltd ( NYSE: IBN) is higher by about 0.7%.
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Infosys Ltd. ( NYSE: INFY) is up about 0.4%, and ICICI Bank Ltd ( NYSE: IBN) is higher by about 1.1%.
Tata is also outperforming its Wipro (-4.67%) and Infy (-1.3%) this year.
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In earnings news, Indian software company Infosys ( INFY) is down almost 12% pre-market despite announcing a 33% rise in net profit.
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Also reporting a disappointing growth outlook today was IT giant Infosys (INFY).
Infy shares have underperformed all their rivals, from Wipro to Tata Consultancy.
Infy is trading at a 36 per cent discount to its 10-year median price to earnings ratio, the widest gap among the foursome.
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Leading the charge of India corporates holding onto cash are Reliance Industries , Infosys (INFY), Coal India and Wipro (WIT).
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Infy responded by cutting its head count and shifting some of its strategy to other markets outside of its core, such as business processing.
Unisys ( UIS), for instance, carries a Zacks Rank of 1 (Strong Buy), and Infosys ( INFY) has a Zacks Rank of 2 (Buy).
Infy shares are off 12.44 percent in the last three months with IBM the second worst of the foursome down a little over 7 percent.
FORBES: Struggling Infosys Looks Outside India Government For Growth
And how has Infy done in the markets as of late?
FORBES: Struggling Infosys Looks Outside India Government For Growth
William Blair equity analyst Bhavan Suri of reiterated his Market Perform rating on Infy on Friday, saying that demand for IT services continues to be challenging.
Infosys Technologies ( INFY - news - people ) (35, INFY) delivers data processing services like software development, systems integration, product engineering and testing.
Rival Wipro has done even worse year to date while Tata Consultancy Services and Cognizant, both larger than Infy, are up 18.8 percent and 2.43 percent, respectively.
Infy is up 23.7% year-to-date, while rival Wipro ( WIT) is up just 2.6% and market leader Tata Consultancy Services ( BOM: 532540) is up 13.6%.
He notes that Mirae is still not very bullish on the big IT names like Infosys (INFY) and Wipro (WIT) due to weaker demand from new clients abroad.
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