Needham & Company Cuts Estimates on Infosys Technologies (INFY) After Very Weak Q4 and Guidance

Needham & Company maintains a 'Hold' on Infosys Technologies (NASDAQ: INFY).

Analyst, Mayank Tandon, said, "INFY put up another very weak performance, with 4Q FY12 results missing expectations and management issuing guidance for FY13 well below expectations...INFY put up another very weak performance, with 4Q FY12 results missing expectations and management issuing guidance for FY13 well below expectations."

FY13 EPS estimate cut from $3.28 to $3.12, Revs lowered from $7.977 bln to $7.55 bln.

For an analyst ratings summary and ratings history on Infosys Technologies click here. For more ratings news on Infosys Technologies click here.

Shares of Infosys Technologies closed at $49.15 yesterday.

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