Infosys (INFY) has exceeded our revenue and earnings estimates for the first quarter of 2010. Total revenues went up by 1.6% year over year in the quarter, while earnings per share increased by 1.9% year over year. Infosys continues to win transformational deals, solution-based engagements and systems integration projects. Clients are leveraging Infosys’ industry expertise on projects directed at gaining a competitive advantage. Infosys’ consulting services is also contributing to growth. Corporations are benefiting from Infosys’ engineering services, particularly its Product Lifecycle Management (PLM) expertise. Infosys continues to strengthen its position in the banking and capital markets sector. In the first quarter, the company launched the Finacle direct banking solution -- a comprehensive solution that supports full-fledged branchless delivery of banking services through the Internet, mobile phones or land-lines. Infosys' BPO business continues to grow, owing to its ability to provide seamless customer support and deliver ...

We are just at the beginning of Q3 and earnings calls for Q2 will be coming from this week. I think widely expected is especially General Electric (GE) on Friday. GE shares closed last week on five years lows on credit concerns. Here are major events for the week.Monday:Economic NAEarnings NATuesday:Economic Pending Home (-3.0%), Wholesale Inv (0.7%), Consumer Credit (7.0B)Earnings Greenbrier (GBX), Pepsi Bottling (PBG), Alcoa (AA)Wednesday:Economic Weekly CrudeEarnings Acergy (ACGY), Wolverine (WWW), AAR (AIR), Shaw (SGR)Thursday:Economic Weekly ClaimsEarnings Chattem (CHTT), FC Stone (FCSX), Progressive (PGR), Marriott (MAR), Infosys (INFY)Friday:Economic Import / Export, Trade Balance, Michigan (56), Treasury BudgetEarnings General Electric (GE), Rockwell (COL)http://stockweb.blogspot.com/atom.xml