Infosys Shares Headed for Their Major Gain in a Decade

India's No.2 software services provider Infosys raised its revenue forecast after posting stronger-than-expected publication profit, triggering a 16 percent surge in its shares, set for their biggest gain in more than a decade.

Attrition for the last 12 months for Infosys has remained stable at 15.1% for the quarter ended December. The previous quarter was 15% and in the same period last year the IT firm had an attrition rate of 15.4%.

Utilisation rates for Infosys amplified albeit marginally. The third quarter showed utilisation rates of 70.1% compared with 69.9% last year. Consecutively, there has been an increase of 0.5% only.

Tata Consultancy is expected to report a earnings gain of about 12 percent in the quarter, according to Thomson Reuter’s data. India's top software exporter, part of the $100 billion Tata Group, will report its earnings on Monday.

Wipro Ltd, the country's No.3 software services provider, may report a quarterly profit gain of 6.7 percent, analysts said. The company, which is reorganization its non-information technology businesses and focusing entirely on IT, will declare its earnings on 18.January.
Fourth-ranked HCL Technologies Limited is expected to report a 43.8 percent jump in quarterly earnings on 17.January.

India's $100 billion-a-year IT and back-office outsourcing division earns about three-quarters of its revenues from customers in the United States and Europe, and faces intense competition from global rivals including IBM, Accenture and Cap Gemin.
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