Earnings - 10th July 2009

1:32AM Infosys beats by $0.08, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY10 EPS above consensus, revs above consensus (INFY) 34.49 : Reports Q1 (Jun) earnings of $0.55 per share, $0.08 better than the First Call consensus of $0.47; revenues fell 2.9% year/year to $1.12 bln vs the $1.07 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.50-0.51 vs. $0.47 consensus; sees Q2 revs of $1.11-1.13 bln vs. $1.08 bln consensus. Co issues upside guidance for FY10, sees EPS of $1.97-2.00 vs. $1.92 consensus; sees FY10 revs of $4.45-4.52 bln vs. $4.38 bln consensus. "We believe that in the short term the global economic environment will continue to be challenging," said S. Gopalakrishnan, CEO.