Indian Equity Research and Investment Strategy
Infosys Technologies‘ FY2012 Results are Pathetic. Revenues stood at USD 1771 mn posting a decline of 1.9% QoQ missing the already muted guidance of USD 1810 mn. EBITDA margins stood at 32.6%, declining 110 bps QoQ primarily due to rupee appreciation. While the utilization declined 440 bps QoQ to 73%, rationalization of other expenses has witnessed some tailwinds.
Guidance: INFY guided for FY13 US$ revenue growth (more…)
I normally never write against somebody unless they are really terrible. Today I would like to prove how bad is Sundaram BNP Paribas Mutual Fund operating in India. Sundaram BNP Paribas has the worst IT Systems and Customer Care. In this age of Web services, where even Karnataka Government is delivering Online Services towards Citizens, lethargic IT Managers at Sundaram BNP Parbias Mutual Fund operate with the Cover Your Ass attitude without any accountability or responsibility even when a customer is seeking for help badly.
If you call their help line 1-800-425-7237, it goes to a Voice Mail. Makes me wonder is their only one person answering the (more…)