Infosys Technologies Earns Nasdaq's Respect (INFY)

Infosys Technologies (INFY) has made it to the select group of around 1,200 companies that qualify for the Nasdaq Global Select Market. By this inclusion in Nasdaq Global Select Market, Infosys has joined the elite group of companies which have to follow strict listing standards in order to stay in this club (source: Business Standard).

Infosys has all the qualities to become the leader in the global IT sector and this move takes it one step closer to its goal. On the occasion, an official release was issued yesterday by Bob Greifeld, President & CEO of Nasdaq:

NASDAQ companies are doing business on a global basis and we wanted to recognize that in the creation of our new listing tiers. We believe the best quality companies will be attracted to the highest listing standards.

This is surely a sign of respect for Infosys.

INFY 1-yr chart: