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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
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
Infosys, which counts firms such as Goldman Sachs
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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