http://stockmarketbeat.com/blog1/2007/04/07/the-week-ahead-7-april-2007/ Our beat: The stock market. Our job: Beat it. Sat, 11 Oct 2008 23:45:18 +0000 http://wordpress.org/?v=2.2.1 http://stockmarketbeat.com/blog1/2007/04/07/the-week-ahead-7-april-2007/#comment-24569 INFY: Employee Growth Getting Tougher - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Fri, 13 Apr 2007 17:03:11 +0000 http://stockmarketbeat.com/blog1/2007/04/07/the-week-ahead-7-april-2007/#comment-24569 [...] 72,241 employees as on March 31, 2007 for Infosys and its subsidiaries In our earnings preview we said “They will make the numbers, but investors will listen closely to the update on visas and employee retention.” Doing the math, 3,182 employees left the company (the difference between net and gross.) That number is 5.2% of the number of employees at the beginning of the quarter, which we figure to be an annualized attrition rate along the lines of 20%, in line with the rates that have concerned us for some time. However, instead of the more than 10,000 new hires in the July-September quarter last year (which admittedly may have been boosted by graduation timing) there were less than 6,000 this quarter. As a result, the total number of employees grew just 4% sequentially - perhaps a 16% annualized rate. [...] […] 72,241 employees as on March 31, 2007 for Infosys and its subsidiaries In our earnings preview we said “They will make the numbers, but investors will listen closely to the update on visas and employee retention.” Doing the math, 3,182 employees left the company (the difference between net and gross.) That number is 5.2% of the number of employees at the beginning of the quarter, which we figure to be an annualized attrition rate along the lines of 20%, in line with the rates that have concerned us for some time. However, instead of the more than 10,000 new hires in the July-September quarter last year (which admittedly may have been boosted by graduation timing) there were less than 6,000 this quarter. As a result, the total number of employees grew just 4% sequentially - perhaps a 16% annualized rate. […]

]]> http://stockmarketbeat.com/blog1/2007/04/07/the-week-ahead-7-april-2007/#comment-24228 RIMM: Great Expectations put Research in Motion in Bleak House - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Wed, 11 Apr 2007 21:40:37 +0000 http://stockmarketbeat.com/blog1/2007/04/07/the-week-ahead-7-april-2007/#comment-24228 [...] Ignoring the fact that the SEC investigation may require the company to adjust the numbers down again, all of those metrics were more or less in line with the published expectations of Wall Street’s finest. However, companies trading at a trailing P/E multiple of 60, as Research in Motion is was, are generally held to higher expectations. Meeting the published estimates is not enough - they have to be beaten, and preferably by a wide margin. As we noted on Saturday with our earnings preview, “Research in Motion (RIMM) reports on [Wednesday]. Consensus is calling for $0.99 EPS on $933 million in sales, and guidance of $1.04 on $994 million for next quarter. We’re taking the under.” As to that guidance: Revenue for the first quarter of fiscal 2008 ending June 2, 2007 is expected to be in the range of $1.025 billion-$1.075 billion. Subscriber account additions in the first quarter are expected to be approximately in the range of 1.125-1.15 million. GAAP earnings per share for the first quarter are expected to be in the range of $0.99-$1.07 per share diluted. [...] […] Ignoring the fact that the SEC investigation may require the company to adjust the numbers down again, all of those metrics were more or less in line with the published expectations of Wall Street’s finest. However, companies trading at a trailing P/E multiple of 60, as Research in Motion is was, are generally held to higher expectations. Meeting the published estimates is not enough - they have to be beaten, and preferably by a wide margin. As we noted on Saturday with our earnings preview, “Research in Motion (RIMM) reports on [Wednesday]. Consensus is calling for $0.99 EPS on $933 million in sales, and guidance of $1.04 on $994 million for next quarter. We’re taking the under.” As to that guidance: Revenue for the first quarter of fiscal 2008 ending June 2, 2007 is expected to be in the range of $1.025 billion-$1.075 billion. Subscriber account additions in the first quarter are expected to be approximately in the range of 1.125-1.15 million. GAAP earnings per share for the first quarter are expected to be in the range of $0.99-$1.07 per share diluted. […]

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