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Infosys Technologies - Results Update. Excellent quarter : revenue growth highest in the past nine quarters. Infosys’ 3QFY10 performance was significantly better than street expectations. Revenues grew 6.7% qoq to US$1,232 mn, highest in the past nine quarters. Consistent with market expectations, BFSI vertical revenue led revenue growth and up 10.3% qoq. Operating margin increased 90 bps qoq to 35.5%, led partly by write-back of provisions. Net income of Rs15.82 bn was ahead of expectations by 5.7% and led by better-than-expected revenue and OPM performance. 4QFY10E revenue guidance muted and extremely conservative. Infosys has guided for 1.5% US$ growth for 4QFY10 (1% at the upper-end excluding McCamish acquisition). The guidance is excessively conservative , even after accounting for the adverse impact of seasonality. 4QFY10 EPS guidance of Rs25.83 (-8.3% qoq) assumes 150 bps decline in margin. Infosys has raised FY2010E EPS guidance to Rs107, versus Rs100 earlier. Infosys has manag