Infosys shares hit record high ahead of earnings

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MUMBAI (Reuters) - Shares in Infosys Technologies (INFOSYS.BO : 2871.9 +46.15) 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. (0359 GMT), Infosys was up 1.7 percent, outpacing 0.9 percent rise in the main stock index.

(Reporting by Ami Shah)

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