Good Infy Q2 FY14 nos..

Infosys has posted good Q2 FY14 numbers. Biggest positive was dollar revenue growth of 3.76 percent (constant currency growth of 4.2 percent). EBIT Margins were also in line with estimates at 23.6 percent (Maybe the only slight disappointing part in result). FY14 dollar revenue growth has been revised from 6-10 percent to 9-10 percent. There is no doubt that management is conservative in not revising upper end of dollar revenue growth of 10 percent. It is highly likely that it will be in the range of 11-12 percent for full year. In my previous post (https://writingoptions.wordpress.com/2013/10/06/infosys-stranglestraddle-q2-fy14/) I had mentioned about not doing anything in Infy options before results. Now I will be comfortable in selling Infy puts. More than upside, cap on downside has been placed.

Disclaimer: These are my personal views and you should do your own due diligence before acting on anything written in this blog. Please take reasonable care while trading in options, especially while selling. I am not advising anyone to sell or buy options. My purpose of writing this blog is to highlight my trading strategies.


2 Responses to “Good Infy Q2 FY14 nos..”

  1. 1 Akash
    April 28, 2014 at 1:55 pm

    Hey, very interesting blog. I have been trading derivatives of indexes since quite some years (in US) and recently started writing options for equities in India. Found your blog while searching for something. Very useful and interesting. Seems like you have paused blogging lately. How are you approaching the who election year/ month (May) trading. Would like to know your views about the same.

    • April 29, 2014 at 9:40 pm

      Thanks Akash..
      Yes..I was not writing my blog for quite some time.
      For elections..I am planning few spreads in USDINR, L&T and one of the bank.
      I will write about these strategies in detail in my blog shortly.

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