(Reuters) – Shares in India’s Infosys Technologies (INFY.BO) rose 1.8 percent to a record high of 2,876 rupees on Friday morning, ahead of its quarterly earnings on July 13.
“We expect robust results from Tier 1 IT vendors to demonstrate the underlying demand strength,” Macquarie said in a note.
It expects Infosys to raise fiscal year 2011 U.S. dollar revenue growth guidance to 17-19 percent from 16-18 percent.
At 9:29 a.m. (11:59 a.m. ET), Infosys was up 1.7 percent, outpacing 0.9 percent rise in the main stock index .BSESN.
(Reporting by Ami Shah)