◎通期の売上高が倍増 インフォシスが2014会計年度の通期、四半期決算

インフォシス

2014/4/16 14:37

◎通期の売上高が倍増 インフォシスが2014会計年度の通期、四半期決算

AsiaNet 56516

共同JBN 0433 (2014.4.15)

【バンガロール(インド)2014年4月15日PRN=共同JBN】

 *インフォシス(Infosys、NYSE:INFY)の2014会計年度の売上高は米ドル換算表記で11.5%増と(前年度比)倍増。

 *第4四半期(2014年1-3月期)の営業利益率は連続して50ベーシスポイント(bps)改善して25.5%増。

 *配当性向は税引き後40%増。

 *2015会計年度の売上高は米ドル換算表記で7-9%増の見込み。

 

▽財務ハイライト

国際財務報告基準(IFRS)に基づく、2014年3月31日までの通期および第4四半期(1-3月期、以下当期)の連結決算ハイライトは以下の通り。

 Logo: http://photos.prnewswire.com/prnh/20130122/589162

2014年3月31日までの1年

 *通年売上高は82億4900万ドルで、前年比(YoY)成長は11.5%。

 *通年の純益は17億5100万ドルで、前年比1.5%増。

 *通年の1株利益は3.06ドルで、前年比1.3%増。

2014年3月31日までの第4四半期

 *当期の売上高は20億9200万ドルで、前期比(QoQ)0.4%減、前年比7.9%増。

 *当期の純益は4億8700万ドルで、前期比5.2%増、前年比9.7%増。

 *当期の1株利益は0.85ドルで、前期比4.9%、前年比9.0%増。

現金、現金相当物、売却可能な金融資産、譲渡性預金証書および政府債券を含む流動資産は、2014年3月31日(2014会計年度末)時点で50億ドルだった。2013年12月31日(2014会計年度第3四半期末)時点および2013年3月31日(2013年会計年度末)時点では44億ドルだった。

取締役会は2014会計年度に1株当たり43インドルピーの最終配当(1米ドル当たり60インドルピーという市場為替交換率で計算して、ADSの1株当たり約0.72ドルの最終配当に相当)を提言した。同社の株式登録・移転帳簿は、2014年5月31日から2014年6月14日まで(初日と最終日を含む)閉鎖される。

同社の当面の政策は、税引き後利益の最高30%までの配当を支払うことである。取締役会は2014会計年度から税引き後利益の最高40%まで支払額を増額することを決定した。

▽その他のハイライト

 *インフォシスとその子会社は当期に50、通期で238の顧客を加えた。

 *インフォシスとその子会社は当期に総数1万997人、通期で3万9985人を追加雇用した。

 *インフォシスとその子会社は2014年3月31日時点で、16万405人を雇用している。

インフォシスのS・D・シブラル最高経営責任者(CEO)兼マネジングディレクターは「われわれは2014会計年度の最終四半期の業績が期待を裏切ったものの、昨年との比較で通期の成長率を倍増することができて喜んでいる。われわれは次年度の売上高の伸びを7-9%という目標を立て、当社事業にすべて必要な投資をすることで成長のモメンタムを高めることに注力する」と語った。

ラジブ・バンサル最高財務責任者(CFO)は「当社の現金および現金相当物は当期に50億ドルを超えた。われわれは株主への利益還元を強化するため、2014会計年度から税引き後利益の最高40%までに配当性向を増やした」と語った。

▽展望(注)

国際財務報告基準(IFRS)に基づく2015年3月31日までの2015会計年度の当社事業の展望(連結)は、以下の通り。

売上高は7%から9%に増大する見込みである。

▽事業ハイライト

 *エネルギー、通信、金融サービス、政府部門、ヘルスケア部門などの企業と大規模な調達契約を結んだ。当社はボルボ・カーズ(Volvo Cars)から戦略的サプライヤーとして選ばれ、その世界的業務にアプリケーション開発サービスを提供する。当社は欧州の大手銀行から調達取引を受注し、その全体的アプリケーション・ポートフォリオを管理する。

 *当社は米コロンビア特別区(首都ワシントン)との契約を延長して、その健康保険マーケットプレイス(DC Health Link)計画の第2局面の実行を支援する。DC Health Linkは旧来からの加入資格制度の刷新、追加的な保険・社会プログラムが含まれる。

 *当社はヘルスケアソリューションのトッププロバイダーと依頼され、その中核となる収益サイクル管理製品を強化し、その顧客が規制条件に準拠するのを支援する。

 *当社はフランスの世界的な製造業コングロマリットから選ばれ、そのコーヒー園プラットフォーム向けに農業研究ツールを構築し、生産と使用メトリックのデータをモニターし、リポートすることを支援する。

 *当社は世界的な食料品生産・処理コングロマリットとの3年契約を結んで、管理サービスモデルの下で世界的にマーケティング支援の手を伸ばす。

 *クラウドとビッグデータ提供で新たに20の取引契約を結んで、最先端テクノロジーソリューションによるビジネスモメンタムを持続した。モビリティーサービスは新たに15の取引契約、エンジニアリングサービスは新たに12の取引契約を結んだ。

 *Infosys Finacle(商標)のサービスは世界的に広がり続け、欧州、南米、アフリカ、中東、アジア太平洋の銀行で新たに7件の受注があり、11件が立ち上がった。

 *当社はブラジルのアララクアラに100シートのデリバリーセンターを立ち上げ、世界大手オンレンジジュース製造業のCitrosucoに営業支援システムであるSAPアプリケーション管理サービスを提供する。

 *インドル、モハリ、ノイダ、ナグプルの4市で新たに4つのキャンパスでの作業を開始。

 *当社は第4四半期にインドおよび米国で18の独自特許を申請した。これにより当社が行った総数541の特許申請はインド、米国、その他の法律管轄地域でさまざまな段階で特許手続きが進んでいる。当社はこれまでに米特許商標局から153特許、ルクセンブルク特許庁から3特許、オーストラリア特許庁から1特許が認可された。

▽賞と表彰

*Forrester Wave(商標):Oracle Application Services Providersの2014年第1四半期リポートでリーダー(http://www.infosys.com/newsroom/press-releases/Pages/application-services-provider-leader.aspx)にランク付けされた。

*Forrester Wave(商標):North American Applications Outsourcingの2014年第1四半期リポートでリーダー(http://www.infosys.com/IT-services/application-services/Pages/applications-outsourcing-leader-Q1-2014.aspx)にランク付けされた。

*Forrester Wave(TM): EMEA Applications Outsourcing Servicesの2014年第1四半期リポートでリーダー(http://www.infosys.com/IT-services/application-services/Pages/applications-outsourcing-leader-Q1-2014.aspx)にランク付けされた。

*大手アナリスト企業のHfS Research2014 Enterprise Mobility Services Blueprint Reportで「Winner's Circle」(http://www.infosys.com/newsroom/press-releases/Pages/mobility-innovation-execution-report.aspx)入りした。

*Northern Virginia Technology Council(NVTC)がInfosys ReachOutとInfosys Cloud Ecosystem Hubソリューションをワシントン・ポスト紙本社で開催されたDestination Innovationイベントに選んだ。

*Infosys Finacleがアジア太平洋地域と西欧諸国でのFinacle販売実績でXCelent Customer Base Awardを受賞した。

*Infosys FinacleがCEB TowerGroupのリポート「Core Banking Systems for the

Large Bank Market」によって「Best-in-Class」(http://www.infosys.com/newsroom/press-releases/Pages/product-management-operational-flexibility.aspx)プロバイダーにランク付けされた。

▽取締役の異動

取締役会はキャロル・M・ブラウナー(Carol M Browner)氏を同社取締役に追加任命した。ブラウナー氏の任命は、企業省から取締役識別番号(DIN)を受け取った日付で発効する。

キャロル・M・ブラウナー氏は、2009年から2011年にかけオバマ政権のホワイトハウスでエネルギー・気候変動政策補佐官を務めた。同氏はCenter for American Progressの上級フェロー、Albright Stonebridge Groupの弁護士を務めた。これ以前には、ブラウナー氏はクリントン政権時の1993年から2001年の間、環境保護局(EPA)長官を務め、EPA史上最も長く長官の職責を果たした。同氏はフロリダ大学と同大College of Lawを卒業した。ブラウナー氏は1991年から1993年にかけフロリダ州環境保護局長官を務めた。同氏はフロリダ州議会に勤め、ロートン・チャイルズ、アル・ゴア両連邦議会上院議員の議会アシスタントを務めた。同氏は非営利および民間企業のディレクター、アドバイザーとなり、その中には、Bunge Limited、Center for American Progressの取締役、League of Conservation Voters取締役会長、Harvest Power、Opowerのアドバイザー、Global Oceans Commissionコミッショナーなどがある。

N・R・ナラヤナ・ムルティ会長は「喜んでキャロル・ブラウナー氏を当社取締役会に歓迎する。環境政策および法律における同氏の世界的な専門的知識は米政府での素晴らしい貢献を含め、当社取締役会に豊富な経験をもたらしてくれる。同氏を追加任命することによって、当社取締役会の協議、審議の質が高まることになる」と述べ、ブラウナー氏を歓迎した。

▽インフォシス(Infosys)について

インフォシスはコンサルティング、テクノロジー、アウトソーシング各ソリューションのグローバルリーダーである。同社は30カ国余りのクライアントが、最先端ビジネス動向で一歩先んじて、競争をしのぐことを可能にする。同社は戦略的識見と優れた実行力を結合する共同開発の画期的ソリューションによって、変化する世界で組織を変革し努力するクライアントを支援する。

年間売上高82億米ドル、16万人余りを雇用しているインフォシス(NYSE:INFY)は、いかにしてBuilding Tomorrow’s Enterprise(登録商標)を目指しているかの詳細は以下のサイトを参照。

Infosys Limited and subsidiaries

    Unaudited Condensed Consolidated Balance Sheets as of

    (Dollars in millions except share data)

                                        March 31, 2014   March 31, 2013

    ASSETS

    Current assets

    Cash and cash equivalents               $4,331           $4,021

    Available-for-sale financial assets        367              320

    Investment in certificates of deposit      143                -

    Trade receivables                        1,394            1,305

    Unbilled revenue                           469              449

    Derivative financial instruments            36               19

    Prepayments and other current assets       440              391

    Total current assets                     7,180            6,505

    Non-current assets

    Property, plant and equipment            1,316            1,191

    Goodwill                                   360              364

    Intangible assets                           57               68

    Available-for-sale financial assets        208               72

    Deferred income tax assets                 110               94

    Income tax assets                          254              201

    Other non-current assets                    37               44

    Total non-current assets                 2,342            2,034

    Total assets                            $9,522           $8,539

    LIABILITIES AND EQUITY

    Current liabilities

    Trade payables                             $29              $35

    Current income tax liabilities             365              245

    Client deposits                              6                6

    Unearned revenue                           110              152

    Employee benefit obligations               159              113

    Provisions                                  63               39

    Other current liabilities                  792              568

    Total current liabilities                1,524            1,158

    Non-current liabilities

    Deferred income tax liabilities             11               23

    Other non-current liabilities               54               27

    Total liabilities                        1,589            1,208

    Equity

    Share capital- `5 ($0.16) par value 600,000,000

    equity shares authorized, issued and outstanding

    571,402,566 each, net of 2,833,600 treasury shares

    each as of March 31, 2014 and March 31, 2013,

    respectively                                64               64

    Share premium                              704              704

    Retained earnings                        8,892            7,666

    Other components of equity              (1,727)          (1,103)

    Total equity attributable to equity holders of the

    company                                  7,933            7,331

    Non-controlling interests                    -                -

    Total equity                             7,933            7,331

    Total liabilities and equity            $9,522           $8,539

    Infosys Limited and subsidiaries

    Unaudited Condensed Consolidated Statements of Comprehensive Income

    (Dollars in millions except share and per equity share data)

                          Three       Three

                          months      months  Year ended  Year ended

                        ended March ended March   March 31,   March 31,

                         31, 2014    31, 2013        2014        2013

    Revenues                $2,092      $1,938      $8,249      $7,398

    Cost of sales            1,318       1,261       5,292       4,637

    Gross profit               774         677       2,957       2,761

    Operating expenses:

    Selling and marketing

    expenses                   104          96         431         373

    Administrative expenses    136         124         547         479

    Total operating expenses   240         220         978         852

    Operating profit           534         457       1,979       1,909

    Other income, net          139         125         440         433

    Profit before income taxes 673         582       2,419       2,342

    Income tax expense         186         138         668         617

    Net profit                $487        $444      $1,751      $1,725

    Other comprehensive income

    Items that will not be reclassified

    to profit or loss:

    Re-measurement of the net defined

    benefit liability/(asset)  (10)           -           -           -

    Items that may be reclassified

    subsequently to profit or loss:

    Fair value changes on

    available-for-sale

    financial asset             (3)           1        (17)           1

    Exchange differences on translation

    of foreign operations      237          74       (607)       (404)

    Total other comprehensive income,

    net of tax                $224         $75      ($624)      ($403)

    Total comprehensive

    income                    $711        $519      $1,127      $1,322

    Profit attributable to:

    Owners of the company     $487        $444      $1,751      $1,725

    Non-controlling interests    -           -           -           -

                              $487        $444      $1,751      $1,725

    Total comprehensive income

    attributable to:

    Owners of the company     $711        $519      $1,127      $1,322

    Non-controlling interests    -           -           -           -

                              $711        $519      $1,127      $1,322

    Earnings per equity share

    Basic ($)                 0.85        0.78        3.06        3.02

    Diluted ($)               0.85        0.78        3.06        3.02

    Weighted average equity shares used

    in computing earnings per equity

    share

    Basic              571,402,566 571,402,566 571,402,566 571,399,238

    Diluted            571,402,566 571,402,566 571,402,566 571,400,091

(注)

 1. 2014年3月31日現在の3カ月および1年間の無監査連結貸借対照表および包括利益連結計算書要旨は、2014年4月15日に開かれた取締役会で記載された。

 2. 当社業績に関する概況報告者はウェブサイトhttp://www.infosys.comからダウンロードすることができる。

ファクトシート:

http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-fact-sheet.pdf

INRプレスリリース:

http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-IFRS-INR-press-release.pdf

▽問い合わせ先

Investor Relations

Sandeep Mahindroo

+91-80-3980-1018

Sandeep_Mahindroo@infosys.com

Media Relations

Sarah Vanita Gideon, India

+91(80)4156-3373

Sarah_Gideon@Infosys.com

Tara Kozak-Lindsay, Golin Harris for Infosys

+1(212)373-6020

TKozakLindsay@GolinHarris.com

ソース:Infosys Ltd

Infosys (NYSE: INFY) Announces Results for the Quarter and Year ended March 31, 2014

PR56516

BANGALORE, India, Apr. 15 / PRN=KYODO JBN / -

    FY 14 revenue growth doubled to 11.5% in USD terms;

    Q4 operating margins expand 50 bps sequentially to 25.5%;

    Dividend pay-out ratio increased to 40% of post-tax profits;

    FY 15 revenues expected to grow 7%-9% in USD terms

    Financial Highlights

    Consolidated results under International Financial Reporting Standards

(IFRS) for the year and quarter ended March 31, 2014

    (Logo: http://photos.prnewswire.com/prnh/20130122/589162 )

    Year ended March 31, 2014

    Revenues were $ 8,249 million for the year ended March 31, 2014 YoY growth

was 11.5%

    Net profit was $ 1,751 million for the year ended March 31, 2014 YoY growth

was 1.5%

    Earnings per share $ 3.06 for the year ended March 31, 2014 YoY growth was

1.3%

    Quarter ended March 31, 2014

    Revenues were $2,092 million for the quarter ended March 31, 2014 QoQ

decline was 0.4%

YoY growth was 7.9%

    Net profit was $487 million for the quarter ended March 31, 2014 QoQ growth

was 5.2%

YoY growth was 9.7%

    Earnings per share was $0.85 for the quarter ended March 31, 2014 QoQ

growth was 4.9%

YoY growth was 9.0%

    Liquid assets including cash and cash equivalents, available-for-sale

financial assets, certificates of deposits and government bonds were $5.0

billion as on March 31, 2014 versus $4.4 billion as on December 31, 2013 and

March 31, 2013

    The Board of Directors recommended a final dividend of `43 per share for

fiscal 2014 (equivalent to final dividend of approx $0.72 per ADS at the

exchange rate of `60.00). The Register and Share Transfer Books of the Company

will be closed from May 31, 2014 to June 14, 2014 (both days inclusive)

    The Company's current policy is to pay dividends up to 30% of post-tax

profits. The Board has decided to increase the dividend pay-out ratio to up to

40% of post-tax profits effective fiscal 2014

    Other highlights:

    Infosys and its subsidiaries added 50 clients during the quarter and 238

during the year

    Gross addition of 10,997 employees during the quarter and 39,985 during the

year by Infosys and its subsidiaries

    160,405 employees as on March 31, 2014 for Infosys and its subsidiaries

    "I am pleased that we have been able to double our growth rate for the full

year compared to last year, though performance in the last quarter of FY 14 has

been disappointing." said S. D. Shibulal, CEO and Managing Director. "We have

guided for a revenue growth of 7%-9% next year and remain firmly focused on

building the growth momentum by making all the necessary investments in our

business."

    "Our cash and cash equivalents crossed $5 billion during the quarter. We

have increased the dividend payout ratio to up to 40% of post-tax profits

effective FY 14 to enhance returns for our shareholders." said Rajiv Bansal,

Chief Financial Officer.

    Outlook

    The company's outlook (consolidated) for the fiscal year ending March 31,

2015, under IFRS is as follows:

    Revenues are expected to grow 7%-9%

    Business Highlights

    - Large outsourcing agreements signed with enterprises across Energy,

Communications, Financial Services, Government and Healthcare sectors. Selected

by Volvo Cars as a strategic supplier to provide application development

services for its global operations. Won an outsourcing deal from a large

European bank to manage its overall Applications Portfolio.

    - Extended our contract with District of Columbia to implement the next

phase of its health insurance marketplace (DC Health Link). This includes

modernizing its legacy eligibility system and additional health and social

programs.

    - Engaged by a top healthcare solution provider to enhance its flagship

revenue cycle management product and help its customers comply with regulatory

requirements.

    - Chosen by a French global manufacturing conglomerate to build an

Agricultural Research Tool for its coffee platform and help the company monitor

and report data around production and usage metrics.

    - Signed a 3-year contract to extend digital marketing support worldwide

under a managed services model for a global grocery manufacturing and

processing conglomerate.

    - Sustained business momentum across advanced technology solutions with 20

new deals signed for Cloud and Big Data offerings; 15 new deals signed for

mobility offerings and 12 new deals signed for Engineering Services.

    - Continued expansion of Infosys Finacle(TM) globally with 7 new wins and

11 go-lives at banks across Europe, South America, Africa, Middle East and Asia

Pacific.

    - Set up a 100 seat delivery center in Araraquara, Brazil to provide SAP

Application Management services to Citrosuco, the world's leading orange juice

producer.

    - Commenced work on 4 new campuses in the Indian cities of Indore, Mohali,

Noida and Nagpur.

    - Applied for 18 unique patent applications in India and the USA during the

fourth quarter, adding to a total of 541 patent applications undergoing various

stages of patent prosecution in India, the U.S. and other jurisdictions.

Granted 153 patents by the United States Patent and Trademark Office, 3 patents

by the Luxembourg Patent Office and 1 patent by the Australian Patent Office.

    Awards and Recognition

    - Ranked as a

         - Leader

         [

http://www.infosys.com/newsroom/press-releases/Pages/application-services-provider-leader.aspx

] in The Forrester Wave(TM): Oracle Application Services Providers,

         Q1 2014 report

         - Leader

         [

http://www.infosys.com/IT-services/application-services/Pages/applications-outsourcing-leader-Q1-2014.aspx

] in The Forrester Wave(TM): North American Applications Outsourcing, Q1 2014

report

         - Leader

         [

http://www.infosys.com/IT-services/application-services/Pages/applications-outsourcing-leader-Q1-2014.aspx

]

         in The Forrester Wave(TM): EMEA Applications Outsourcing Services, Q1

2014 report

    - Inducted into the 'Winner's Circle' [

http://www.infosys.com/newsroom/press-releases/Pages/mobility-innovation-execution-report.aspx

] of the 2014 Enterprise Mobility Services Blueprint Report by leading analyst

firm HfS Research

    - Infosys ReachOut and Infosys Cloud Ecosystem Hub solutions selected by

Northern Virginia Technology Council (NVTC) for their Destination Innovation

event at The Washington Post headquarters

    - Infosys Finacle honored with the XCelent Customer Base Award for

Finacle's sales performance in Asia-Pacific and Western Europe

    - Infosys Finacle rated as a 'Best-in-Class' [

http://www.infosys.com/newsroom/press-releases/Pages/product-management-operational-flexibility.aspx

] provider by CEB TowerGroup in its report titled 'Core Banking Systems for the

Large Bank Market'

    Board Changes

    The Board appointed Ms Carol M Browner as an Additional Director of the

Company. Her appointment shall be effective on the date Ms. Browner receives

her Director Identification Number from the Ministry of Corporate Affairs

    Ms. Carol M. Browner served as Director of the White House Office of Energy

and Climate Change Policy in the Obama administration from 2009 to 2011. She

serves as a Distinguished Senior Fellow at the Center for American Progress and

as Counselor to the Albright Stonebridge Group. Ms. Browner previously served

as Administrator of the Environmental Protection Agency (EPA) during the

Clinton administration from 1993 to 2001 and was the longest-serving

administrator in the history of the EPA. She graduated from the University of

Florida and the University of Florida College of Law. Ms. Browner headed the

Florida Department of Environmental Regulation from 1991 to 1993. Earlier in

her career, she worked in the Florida House of Representatives and served as

legislative assistant to US Senators Lawton Chiles and Al Gore. She serves as

director and advisor to several non-profits and private companies, including as

director on the boards of Bunge Limited, Center for American Progress and as

chair of the Board for the League of Conservation Voters, as advisor to Harvest

Power and Opower, as Commissioner of the Global Oceans Commission.

    Welcoming Ms. Browner, Chairman, Mr. N. R. Narayana Murthy said, "I am

delighted to welcome Ms. Carol Browner to our Board. Carol's global expertise

in environmental policy and law, including her distinguished service in the US

government, brings a wealth of experience to our Board. Carol's addition will

enrich the quality of debate and deliberation in our Board."

    About Infosys Ltd

    Infosys is a global leader in consulting, technology and outsourcing

solutions. We enable clients, in more than 30 countries, to stay a step ahead

of emerging business trends and outperform the competition. We help them

transform and thrive in a changing world by co-creating breakthrough solutions

that combine strategic insights and execution excellence.

    Visit http://www.infosys.com [http://www.infosys.com/Pages/index.aspx ] to

see how Infosys (NYSE: INFY), with US$8.2 B in annual revenues and 160,000+

employees, is Building Tomorrow's Enterprise(R) today.

    Safe Harbor

    Certain statements in this release concerning our future growth prospects

are forward-looking statements regarding our future business expectations

intended to qualify for the 'safe harbor' under the Private Securities

Litigation Reform Act of 1995, which involve a number of risks and

uncertainties that could cause actual results to differ materially from those

in such forward-looking statements. The risks and uncertainties relating to

these statements include, but are not limited to, risks and uncertainties

regarding fluctuations in earnings, fluctuations in foreign exchange rates, our

ability to manage growth, intense competition in IT services including those

factors which may affect our cost advantage, wage increases in India, our

ability to attract and retain highly skilled professionals, time and cost

overruns on fixed-price, fixed-time frame contracts, client concentration,

restrictions on immigration, industry segment concentration, our ability to

manage our international operations, reduced demand for technology in our key

focus areas, disruptions in telecommunication networks or system failures, our

ability to successfully complete and integrate potential acquisitions,

liability for damages on our service contracts, the success of the companies in

which Infosys has made strategic investments, withdrawal or expiration of

governmental fiscal incentives, political instability and regional conflicts,

legal restrictions on raising capital or acquiring companies outside India, and

unauthorized use of our intellectual property and general economic conditions

affecting our industry. Additional risks that could affect our future operating

results are more fully described in our United States Securities and Exchange

Commission filings including our Annual Report on Form 20-F for the fiscal year

ended March 31, 2013 and on Form 6-K for the quarter ended December 31, 2013.

These filings are available at http://www.sec.gov. Infosys may, from time to

time, make additional written and oral forward-looking statements, including

statements contained in the company's filings with the Securities and Exchange

Commission and our reports to shareholders. In addition, please note that the

date of this press release is mentioned at the beginning of the release, and

any forward-looking statements contained herein are based on assumptions that

we believe to be reasonable as of this date. The company does not undertake to

update any forward-looking statements that may be made from time to time by or

on behalf of the company unless it is required by law.

    Infosys Limited and subsidiaries

    Unaudited Condensed Consolidated Balance Sheets as of

    (Dollars in millions except share data)

                                        March 31, 2014   March 31, 2013

    ASSETS

    Current assets

    Cash and cash equivalents               $4,331           $4,021

    Available-for-sale financial assets        367              320

    Investment in certificates of deposit      143                -

    Trade receivables                        1,394            1,305

    Unbilled revenue                           469              449

    Derivative financial instruments            36               19

    Prepayments and other current assets       440              391

    Total current assets                     7,180            6,505

    Non-current assets

    Property, plant and equipment            1,316            1,191

    Goodwill                                   360              364

    Intangible assets                           57               68

    Available-for-sale financial assets        208               72

    Deferred income tax assets                 110               94

    Income tax assets                          254              201

    Other non-current assets                    37               44

    Total non-current assets                 2,342            2,034

    Total assets                            $9,522           $8,539

    LIABILITIES AND EQUITY

    Current liabilities

    Trade payables                             $29              $35

    Current income tax liabilities             365              245

    Client deposits                              6                6

    Unearned revenue                           110              152

    Employee benefit obligations               159              113

    Provisions                                  63               39

    Other current liabilities                  792              568

    Total current liabilities                1,524            1,158

    Non-current liabilities

    Deferred income tax liabilities             11               23

    Other non-current liabilities               54               27

    Total liabilities                        1,589            1,208

    Equity

    Share capital- `5 ($0.16) par value 600,000,000

    equity shares authorized, issued and outstanding

    571,402,566 each, net of 2,833,600 treasury shares

    each as of March 31, 2014 and March 31, 2013,

    respectively                                64               64

    Share premium                              704              704

    Retained earnings                        8,892            7,666

    Other components of equity              (1,727)          (1,103)

    Total equity attributable to equity holders of the

    company                                  7,933            7,331

    Non-controlling interests                    -                -

    Total equity                             7,933            7,331

    Total liabilities and equity            $9,522           $8,539

    Infosys Limited and subsidiaries

    Unaudited Condensed Consolidated Statements of Comprehensive Income

    (Dollars in millions except share and per equity share data)

                          Three       Three

                          months      months  Year ended  Year ended

                        ended March ended March   March 31,   March 31,

                         31, 2014    31, 2013        2014        2013

    Revenues                $2,092      $1,938      $8,249      $7,398

    Cost of sales            1,318       1,261       5,292       4,637

    Gross profit               774         677       2,957       2,761

    Operating expenses:

    Selling and marketing

    expenses                   104          96         431         373

    Administrative expenses    136         124         547         479

    Total operating expenses   240         220         978         852

    Operating profit           534         457       1,979       1,909

    Other income, net          139         125         440         433

    Profit before income taxes 673         582       2,419       2,342

    Income tax expense         186         138         668         617

    Net profit                $487        $444      $1,751      $1,725

    Other comprehensive income

    Items that will not be reclassified

    to profit or loss:

    Re-measurement of the net defined

    benefit liability/(asset)  (10)           -           -           -

    Items that may be reclassified

    subsequently to profit or loss:

    Fair value changes on

    available-for-sale

    financial asset             (3)           1        (17)           1

    Exchange differences on translation

    of foreign operations      237          74       (607)       (404)

    Total other comprehensive income,

    net of tax                $224         $75      ($624)      ($403)

    Total comprehensive

    income                    $711        $519      $1,127      $1,322

    Profit attributable to:

    Owners of the company     $487        $444      $1,751      $1,725

    Non-controlling interests    -           -           -           -

                              $487        $444      $1,751      $1,725

    Total comprehensive income

    attributable to:

    Owners of the company     $711        $519      $1,127      $1,322

    Non-controlling interests    -           -           -           -

                              $711        $519      $1,127      $1,322

    Earnings per equity share

    Basic ($)                 0.85        0.78        3.06        3.02

    Diluted ($)               0.85        0.78        3.06        3.02

    Weighted average equity shares used

    in computing earnings per equity

    share

    Basic              571,402,566 571,402,566 571,402,566 571,399,238

    Diluted            571,402,566 571,402,566 571,402,566 571,400,091

    NOTE:

    1. The unaudited Condensed Consolidated Balance sheets and Condensed

Consolidated

Statements of Comprehensive Income for the three months and year ended March

31, 2014 have

been taken on record at the Board meeting held on April 15, 2014

    2. A Fact Sheet providing the operating metrics of the company can be

downloaded from

http://www.infosys.com

Fact Sheet:

http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-fact-sheet.pdf

INR Press Release:

http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-IFRS-INR-press-release.pdf

    Contact

    Investor Relations

    Sandeep Mahindroo

    +91-80-3980-1018

    Sandeep_Mahindroo@infosys.com

    Media Relations

    Sarah Vanita Gideon, India

    +91(80)4156-3373

    Sarah_Gideon@Infosys.com

    Tara Kozak-Lindsay, Golin Harris for Infosys

    +1(212)373-6020

    TKozakLindsay@GolinHarris.com

    Source: Infosys Ltd

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