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IT Services Firm Infosys Aims to Please Trump

BUZ INVESTORS  Tech Stock  President Donald Trump is all about bringing back jobs to America. In the technology space, which employs a high degree of outsourcing, there are concerns because Trump will radically change the widely used H1B Visa program. A large-cap outsourcing company in the midst of this battle is Infosys Ltd ADR (NYSE:(INFY), which is struggling to find ground on the widespread changes that could happen.

Infosys is a major provider of consulting and technology services to companies in North America, Europe, India, and other regions. The company is also a major outsourcer of technology jobs to the U.S., which accounts for over 50% of its revenues.

The olive branch put forth by Infosys may or may not be enough to make Trump look the other way, but it’s a good start given how much the President likes the optics of creating jobs.

The monthly chart of INFY stock shows the indecisive trading. Infosys staged a strong rally from $5.00 in 2009 when the current bull market took form, and it traded as high as $18.00 at the start of 2011.



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INFY stock chart

 

Infosys then drifted lower to the $9.00 level in mid-2012 prior to a second up wave to $19.00, breaking above its previous high.

Unfortunately, INFY stock failed to hold again and drifted back to the $14.00 level prior to a small rally to the current $15.28.

The weekly chart shows a slight upside trade gap with INFY stock holding the 50-day moving average with a clear eye towards another attempt at testing $19.00. A breakout could establish a new range at above $20.00, but much will depend on what Trump does.

INFY price chart

 

INFY Stock Looking to Retest Record High

Flipping over to the fundamentals, they support a higher price for Infosys stock.

Revenues have increased sequentially in two straight years, from $8.5 billion in 2014 to $8.71 billion in 2015 and $9.50 billion in 2016.

The growth is slated to continue at 7.60% and 7.80% to $10.98 billion and $11.84 billion, respectively for 2017 and 2018. (Source: “Infosys Limited (INFY),” Yahoo! Finance, last accessed May 12, 2017.)

There are high estimates calling for $11.27 billion and $12.46 billion for 2018 and 2019, respectively.

Infosys stock is highly profitable with a positive earnings trend and predictions for continued growth over the next two years.

Business Description

Industry: Application Software » Information Technology Services    NAICS: 541511    SIC: 7371
Compare: NAS:(CTSH), OTCPK:(HTHIF), OTCPK:(AMADF), NYSE:(DXC), NYSE:(WIT), OTCPK:(CGEMY), OTCPK:(AEXAY), NYSE:(GIB), OTCPK:(NTDTY), OTCPK:(FJTSF), NYSE:(IT), NAS:(CDW), OTCPK:(NRILY), OTCPK:(TSYHF), NYSE:(LDOS), NYSE:(XRX), NAS:(SABR), OTCPK:(CMSQF), NYSE:(NCR), NYSE:(CSRA) » details
Traded in other countries: INFY.Argentina, INFY.France, IOY.Germany, 500209.India, 0QSW.UK,
Headquarter Location: India

Infosys Ltd provides end-to-end business solutions, including consulting, design, development, software re-engineering, maintenance, systems integration, package evaluation and implementation and infrastructure management services.

Infosys is a global provider of consulting and IT services. The company was founded in 1981, employs more than 199,000 staff, and serves clients in over 50 countries. Infosys provides a raft of services such as management consulting, application and infrastructure management, application outsourcing, and business process outsourcing, to name a few. The firm serves more than 20 industries ranging from aerospace and defense to financial services, health care, and the public sector.

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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