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After spending much of the fourth quarter of 2009 at a four-star rank, enough top-performing CAPS members have swung to the bullish side of Infosys Technologies (NASDAQ:INFY) recently to lift it once more to the five-star level. A total of 1,159 members have given their opinion on Infosys, with many offering analysis and commentary to explain their recent optimism.

Infosys has recently seen signs that the global economy is improving, giving investors more reason to be bullish on its potential as the outsourcing sector gains traction. While tech giant Intel (NASDAQ:INTC) reported a solid fourth quarter, Infosys joined its Indian competitors Wipro (NYSE:WIT) and Tata Consultancy Services in reporting an uptick in business that has boosted investor confidence. 

Infosys, which counts firms such as Goldman Sachs (NYSE:GS) and BP (NYSE:BP) as clients, said it saw strong revenue growth from its top clients in its most recent quarter. Infosys' largest business, by revenue, derives from North American financial-services clients. Despite growing competition from U.S. firms like IBM (NYSE:IBM) and Accenture (NYSE:ACN), Infosys raised its annual sales forecast, thanks in part to strength in that sector.

The company also expects European business to pick up in the next couple of quarters, and it has been expanding its reach in other parts of the world, like Latin America and New Zealand. Although tech budgets remain at cautious levels, Infosys expects outsourcing companies to garner a larger share of spending. Furthermore, the company's CFO expects Infosys to grow faster than industry forecasts in the coming fiscal year.

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Fool contributor Dave Mock recently upgraded his hot-sauce collection with a few habanero alternatives. He owns shares of Intel. Accenture and Intel are Inside Value recommendations. The Fool's disclosure policy can keep a Hula-hoop going for seven hours straight.