Infosys

This came out overnight.

Infosys Technologies, the Indian software services and call-centre company, on Wednesday raised its earnings forecast for 2005 on an optimistic outlook on outsourcing demand.

The Bangalore-based company raised its forecast earnings per share from Rs67 to Rs68.70, an annual growth of 47 per cent. This followed strong growth in its third-quarter results, a sign that companies in the west were increasingly aggressive in outsourcing back-office business processes.

Read the full story here.

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Posted by Hello

The chart shows a good long term stock but nothing interesting in the short run. If anything the chart looks like it is in for a month or more of consolidating.