Infosys (NYSE: INFY) Announces Results for the Quarter Ended September 30, 2016
Infosys (NYSE: INFY) Announces Results for the Quarter Ended September 30, 2016
PR66145
BANGALORE, Oct. 14 /PRNewswire=KYODO JBN/ --
Q2 sequential revenue growth at 3.5% in USD terms; 3.9% in constant currency
terms
Q2 year on year revenue growth at 8.2% in USD terms; 8.9% in constant currency
terms
H1 year on year revenue growth at 9.5% in reported terms; 10.5% in constant
currency terms
Operating margins expanded 80 bps sequentially to 24.9%
Volume growth at 4.0% during the quarter
Q2 Utilization excluding trainees up by 200 bps sequentially to 82.5%
FY 17 revenue guidance revised to 8.0% - 9.0% in constant currency
Financial Highlights:
Consolidated results under International Financial Reporting Standards (IFRS)
for the quarter ended September 30, 2016
Quarter ended September 30, 2016
Revenues were $2,587 million for the quarter ended September 30, 2016
QoQ growth of 3.5% in reported terms; 3.9% in constant currency terms
YoY growth of 8.2% in reported terms; 8.9% in constant currency terms
Operating profit was $644 million for the quarter ended September 30, 2016
QoQ growth of 7.0%
YoY growth of 5.6%
Net profit was $539 million for the quarter ended September 30, 2016
QoQ growth of 5.5%
YoY growth of 3.8%
Earnings per share (EPS) was $0.24 for the quarter ended September 30, 2016
QoQ growth of 5.5%
YoY growth of 3.8%
Liquid assets including cash and cash equivalents and investments were $5,349
million as on September 30, 2016 as compared to $4,918 million as on June 30,
2016 and $4,894 million as on September 30, 2015.
The Board of Directors declared an interim dividend of INR 11 per share ($0.17
per ADS based on USD-INR rate of 66.62). The record date for interim dividend
is October 24, 2016 and the payment will be made on October 26, 2016
(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )
"We focused on strong execution in Q2 with our core IT services business
showing good progress on the strength of our innovation and operational
initiatives. While we continue to navigate an uncertain external environment,
we remain focused on executing our strategy and increasing momentum of our
software plus services model. Considering our performance in the first half of
the year and the near-term uncertain business outlook, we are revising our
revenue guidance." said Dr. Vishal Sikka, CEO. "Longer-term, I believe it's
increasingly clear that our industry's future lies in evolving from a
cost-based, people-only model, to one in which people are amplified by software
and AI, and are freed to innovate in areas that are strategic to our clients'
future. And in this all-important transformation, I am glad to see us make
continued progress."
"We had well-rounded growth during the quarter in our market segments. Our
delivery and support teams executed well on their plans for resource management
during the quarter, leading to an uptick in utilization." said U B Pravin Rao,
COO. "I am also pleased that the changes we made to employee engagement,
policies and rewarding high performers continue to help retain our high quality
workforce."
"Our margins expanded during the quarter on the back of further improvement in
operational efficiency." said M.D. Ranganath, CFO. "Operating cash flows for
the quarter were healthy and we effectively navigated a volatile currency
environment through prudent hedging."
Outlook*
The Company's revenue outlook (consolidated) for the fiscal year ending March
31, 2017, under IFRS is as follows:
Revenues are expected to grow 8.0% - 9.0% in constant currency*
The above constant currency guidance translates to 8.2% - 9.2% in USD terms
based on March 31st rates, 7.5% - 8.5% based on June 30th rates and 7.5% - 8.5%
based on September 30th rates
*FY 16 constant Currency rates - AUD/USD - 0.73; Euro/USD - 1.10; GBP/USD -
1.51
Currency rates as of March 31, 2016 - AUD/USD - 0.77; Euro/USD - 1.14; GBP/USD
- 1.44
Currency rates as of June 30, 2016 - AUD/USD - 0.75; Euro/USD - 1.11; GBP/USD -
1.35
Currency rates as of September 30, 2016 - AUD/USD - 0.76; Euro/USD - 1.12;
GBP/USD - 1.30
Board Changes
On the recommendations of the Nomination and Remuneration Committee, the Board
of Directors inducted Mr. D.N. Prahlad as an Independent Director of the Board
effective October 14, 2016
D. N. Prahlad is the founder and CEO of Surya Software Systems Private Limited,
Bangalore. Surya focuses on products for financial risk management of financial
institutions in general and banks in particular. He is on the advisory board of
Computer Science and Automation Department of Indian Institute of Science,
Bangalore. Prahlad is a B.Sc. with honours in mathematics from Bangalore
University and B.E. (Electrical technology and Electronics) from Indian
Institute of Science, Bangalore.
Prior to founding Surya, Prahlad played a key role in the rapid growth of
Infosys, being associated with the company during its formative years.
Welcoming D.N. Prahlad, Mr. Seshasayee, Chairman of the Board said, "We are
delighted to welcome Prahlad, a distinguished technologist to the Board.
Prahlad brings with him, not only his deep knowledge of the Company, but also
sharp insights into the Industry".
Nomination and Remuneration Committee
The Board of Directors in their meeting held on October 14, 2016, on
recommendation of Nomination and Remuneration Committee, have approved the
revised annual compensation of Pravin Rao, Chief Operating Officer and Whole
Time Director of the Company, with effect from November 1, 2016, subject to the
approval of the shareholders. The compensation includes fixed compensation of
INR 4.62 crores per annum and a variable compensation of up to INR 3.88 crores
per annum. Additionally, based on fiscal 2016 performance, 27,250 restricted
stock units (RSU) and 43,000 stock options would be granted under 2015 Stock
Incentive Compensation Plan ( 2015 plan) approved by the shareholders in the
postal ballot dated March 31, 2016. These RSU and stock options would vest over
a period of 4 years which shall be exercisable within the period as approved by
the committee. The exercise price of the RSUs will be equal to the par value of
the shares and the exercise price of the stock options would be market price as
on the date of grant as approved by the shareholders. RSU and stock options, in
future periods, will be granted on achievement of performance conditions, as
may be decided by the Nomination and Remuneration Committee.
The Board of Directors in their meeting held on October 14, 2016, on
recommendation of Nomination and Remuneration Committee, have approved the
revised compensation structure of M.D. Ranganath, Mohit Joshi, Sandeep Dadlani,
Rajesh K Murthy, Ravikumar S., David Kennedy, Krishnamurthy Shankar and
Manikantha AGS with effect from November 1, 2016. The revised aggregate
compensation of the above individuals includes fixed compensation of INR 24
crores and variable compensation of upto INR 20 crores. Additionally, based on
fiscal 2016 performance, restricted stock units (RSU) of 245,750 and stock
options of 502,550 will be granted on November 1, 2016 under 2015 Stock
Incentive Compensation Plan (2015 plan) approved by the shareholders in the
postal ballot dated March 31, 2016. These RSU and stock options would vest over
a period of 4 years which shall be exercisable within the period as approved by
the committee. The exercise price of RSU will be equal to the par value of the
shares and the exercise price of the stock options would be market price as on
the date of grant. The Audit committee in their meeting held on October 13,
2016, resolved to include Mohit Joshi, Sandeep Dadlani, Rajesh K Murthy,
RaviKumar S., Krishnamurthy Shankar and David Kennedy as key managerial
personnel as defined under IndAS 24 - Related Party Disclosures effective from
the date of the meeting. Vishal Sikka, Pravin Rao, M.D. Ranganath and
Manikantha AGS are key managerial personnel as defined under Section 2 (51) of
the Companies Act, 2013.
The Nomination and Remuneration Committee of the Board of Directors of Infosys
Limited at its meeting held on October 13, 2016, based on fiscal 2016
performance, approved the grant of upto 906,275 RSU and upto 943,810 stock
options which shall be made on November 1, 2016, to a total of upto 425
eligible and identified high-performing executives of the Company and its
subsidiaries under 2015 Stock Incentive Compensation Plan (2015 plan) approved
by the shareholders in the postal ballot dated March 31, 2016. The RSUs and
stock options shall vest over a period of 4 years from the date of grant, which
shall be exercisable within the period as approved by the committee. The
exercise price of the RSUs will be equal to the par value of the shares and the
exercise price of the stock options would be market price as on the date of
grant.
Business Highlights
We continued to execute on our Renew-New strategy through automation and
innovation, fueling this through our culture of learning and education.
Renew
In Q2, we deepened existing client relationships in core services, won large
traditional deals, and focused on driving automation and grassroots innovation
into every aspect of our service offerings through Infosys Mana and our Zero
Distance initiative.
"Data volumes continue to grow exponentially, and humankind now converts data
into knowledge at unprecedented rates, making it impossible to codify such
expertise and intelligence in software. Our systems need to learn. Those that
do also need to be put to some practical use. It seems that Infosys Mana is
doing just that." - Report title: Infosys Mana uses AI to extract knowledge
from processes and control business outcomes, Authors: Carl Lehmann, Katy Ring,
451 Research, Date: October 4, 2016
"Infosys is a preferred partner for development and support across our
portfolio of off-the-shelf and custom applications, including our most critical
business applications. We're keen to create an enterprise for the future by
leveraging AI and machine learning to solve business issues. We've selected
Infosys Mana to help optimize these business processes and provide a better
experience for our users by driving automation, improving efficiencies,
increasing productivity, and reducing business process level disruptions, while
at the same time reducing the total cost of our IT operations." - Andy Bynum,
Corporate Vice President - IT, AMD
"We are very pleased to award Infosys the GPS L2 Application Maintenance &
Support Vendor Consolidation engagement. Infosys impressed us with the overall
depth of the solution and commitment to service transformation through use of
its Mana platform which covers automation, analytics and knowledge management.
We believe that this deal will help us achieve our objectives of driving
significant productivity improvements and optimizing and enhancing the
services. This is a major step forwards in the strategic relationship between
our organisations and we look forward to a successful journey in delivering the
program together." - Hans-Juergen Rieder, UBS Managing Director - Global
Production Services
"Beyond the millions of dollars that we're going to be saving here at APS, the
benefit is truly with our end customers in having a system that's going to be
flexible and nimble and meet all of their needs. Through our partnership with
Infosys and with this Zero Distance initiative we were able to solve complex
problems that the utility's been facing for some time." - Christine Gonzales,
Program Management Office Lead, Arizona Public Service
"What we're trying to do with world-class customer service is really reinvent,
completely transform and turn inside out the way we deliver customer service
here at Cisco. We're looking to use digitization to be able to simplify,
standardize, and automate many of the processes that drive work, so that we can
change the investment we have in people, so that they are then able to have
better conversations with a customer. Our largest savings has been 80% of
savings in terms of dollar spend, we've removed 2 million hours of customer
wait time in one particular process alone. It's been a great ride, we really
appreciate Infosys' flexibility and ability to change with us - I hope we
continue this partnership for the next 20 years." - Steve Power, Senior
Director, Global Service Offerings, CISCO
Gap Inc., a leading global specialty retailer, has chosen Infosys as its
primary technology services provider supporting its entire applications and
infrastructure portfolio. This critical milestone strengthens the 18 year
relationship between the two organizations even further.
New
In Q2, we continued to work with clients and partners on new areas, and new
frontiers. And we made Design Thinking central to every engagement.
"GE and Infosys have a shared vision for the merging of our physical and
digital worlds. As an early adopter of our Predix platform, we are partnering
with Infosys to foster co-innovation of new applications with advanced concepts
in digital twin, brilliant factory and AI. Our joint innovations will deliver a
range of services to customers, including Industrial Internet solutions and
applications to help companies simplify, automate and transform their
businesses." - Bill Ruh, Chief Executive Officer, GE Digital & Chief Digital
Officer, GE
"I have just returned from our recent visit with the Infosys design team in
Palo Alto along with 15 heads of marketing and customer experience from
Australian superannuation funds. Infosys delivered an incredible session of
learning around the theory and practice of design led thinking to develop a
leading customer experience strategy. The group thoroughly enjoyed the time we
spent with the team and have a framework they can take back into their business
and start to employ immediately." - Theresa Hoogland, Executive Manager
Strategy and Marketing, Australian Institute of Superannuation Trustees (AIST)
"Design Thinking helped bring the teams together for reimagining the
collaboration experience at USG Boral. It also helped them to think big and
then bring these thoughts together to achieve actionable insights in a really
short amount of time. Moreover, it was fun and engaging at the same time." -
Paul Monzella, Chief Financial Officer - USG Boral
"Infosys and Kohls are working together, using Design Thinking, and the Skava
digital platform to enhance experiences from the customers, associates and
overall Kohls perspective." - Ratnakar Lavu, Chief Digital Officer, Kohls
Skava, Panaya & EdgeVerve
This quarter we launched Skava Commerce, a new standard for modern,
mobile-first and modular e-commerce platforms to provide businesses a
future-ready architecture that will enable next generation shopping
experiences. Skava, an e-commerce startup acquired by Infosys, developed the
platform to help retailers to quickly launch new offerings, improve conversion
rates of digital channels, amongst other benefits, by leveraging flexible
cloud-based microservices and white label applications, along with artificial
intelligence (AI) and machine learning, natural language processing and virtual
reality (VR).
Infosys and TOMS Shoes are working together, to implement an omni-channel
platform leveraging Skava Commerce.
"In just 8 weeks, Skava and Vantiv worked collaboratively to launch the newly
improved Vantiv Advantage Program App. We extended and simplified the digital
engagement experience so Vantiv's partners could sell and grow their businesses
faster. Rather than converting an existing partner portal into the mobile app,
the Skava team took a step further and re-authored the entire application in
SkavaSTUDIO, which allowed the Vantiv team to take full ownership and control
of the app to publish updates and changes. The Skava team did a great job to
get us to the launch. We are now looking forward to getting this published in
the app stores and seeing the adoption. Stay tuned for mobile transformation at
Vantiv." - Balaji Devarasetty, Chief Technology Officer - Integrated Payments,
Vantiv LLC
Panaya
The COOP Group, one of the biggest Swiss retail trade and wholesale companies,
selected Panaya for a seamless migration to SAP HANA with its upgrade from EHP5
to EHP7. "With the support of Panaya's solution, we were able to import many
references into the system. We haven't done anything like that before. We were
able to ensure an overall better quality of the SAP system - even beyond the
upgrade. After the go live, there were no more critical errors. Our development
department was excited because they were able to start with the corrections
even after the first modification adjustment. For further upgrades we will
definitely cooperate with Panaya again." - Davyd Dappen, Manager IT Processes
Product Management ACES at COOP
EdgeVerve
This quarter the EdgeVerve business delivered a strong performance with 48 wins
and 23 go-lives from both the Finacle and Edge suite of solutions across
various markets.
Finacle continues to be the solution of choice for new-generation digital
banking businesses. Building upon its success in the payments bank space, the
Finacle solution suite was chosen by Aditya Birla group for their upcoming
payments bank. EdgeVerve continued to gain strong traction for Edge products
with several new clients added this quarter across various solutions such as
AssistEdge, BrandEdge and TradeEdge.
This quarter Infosys Finacle also announced the global availability of its
industry leading Finacle Universal Banking Solution Suite on Huawei's
FusionCloud based cloud platform.
Culture
We continue to invest in education to help our employees maximize their
potential. We are enhancing our capabilities at the Infosys Global Education
Center and through partnerships with organizations such as Udacity.
"Udacity and Infosys share a similar vision for lifelong learning, that
education is no longer about years-long course work with a singular end goal,
but rather, learning is a lifelong endeavor in which we continuously renew
ourselves and expand the knowledge we already have, and learn entirely new
kinds of skills. With Nanodegrees in particular, we can drive rapid acquisition
of new skills when needed, for the most in-demand skills. As part of this
effort, we are excited to launch the Udacity FastTrack program exclusively for
Infosys, making available Udacity's online Nanodegree certifications for all
Infosys new-hires. We will complement Infosys' world class Mysore training
programs with Nanodegrees in several high demand and constantly evolving areas
such as user experience, mobile and web development to rapidly scale the skills
and expertise in these areas, and more. We are also excited to leverage the
deep expertise of Infosys to bring the critical hands-on course work to our
Nanodegrees through projects based on real-world experiences in the most sought
after skills in the industry." - Sebastian Thrun, Founder & President, Udacity
Awards & Recognition
Winner, Seven 2016 Oracle Excellence Awards
Leader, Infosys Finacle - 'The Forrester Wave(TM): Customer-Centric Global Banking
Platforms, Q3 2016' report
Winner, Infosys Finacle Omnichannel Hub - "Digital Banking 2016, Best System
Solution", Juniper Research
A Leader, IDC MarketScape: Worldwide Oracle Implementation Services 2016 Vendor
Assessment
Winner, 2016 European ISG Paragon award
Leader, Software Testing NelsonHall Vendor Evaluation & Assessment Tool (NEAT)
First Runner-Up, "Best Use of CEM Technology" for AssistEdge at the Customer
Experience Asia Excellence Awards, 2016 Singapore
A Leader, IDC MarketScape: WW Oil & Gas Professional Services 2016 Vendor
Assessment
Winner's Circle, HfS Blueprint Report: Energy Operations
Winner's Circle, HfS Blueprint Report: ServiceNow Services
Leader, OVUM Decision Matrix (ODM) - Selecting a Distributed Agile Delivery
Model for ADM Services, 2016-17
Leader and Star Performer, Everest Group Global Banking AO Service Provider
PEAK Matrix(TM) Assessment 2016
Leader, Everest Group IT Outsourcing Global Capital Markets PEAK Matrix(TM)
Assessment 2016
A Challenger in Gartner Magic Quadrant for IT Services for Communications
Service Providers, Worldwide
Beyond Business
We continue to contribute back to the communities in which we are present. In
India, through the Infosys Foundation, we have made several investments in the
areas of rehabilitation, healthcare, education and arts & culture. Some of the
initiatives this quarter include handing over a residential enclave of 200
houses to families that were rendered homeless in the aftermath of cyclone
HudHud in 2014, launching an Institute of Robotic Surgery in partnership with
Narayana Health, and funding travel stipends for top researchers at IIT
Kharagpur, as well as sponsoring a study about the antiquity of Indus Valley
undertaken by the institute.
Infosys Foundation USA supported quality computer science and Maker
professional development for teachers via CS PD Week, the CS for All Community
Giving program, and commitments announced at the White House Summit on
#CSforAll. Additionally, the Foundation announced new grants to support the
largest CS teacher organization (CSTA), recognize excellence in CS teaching
through Awards, and assist New York Academy of Sciences (NYAS).
About Infosys Ltd
Infosys is a global leader in technology services and consulting. We enable
clients in more than 50 countries to create and execute strategies for their
digital transformation. From engineering to application development, knowledge
management and business process management, we help our clients find the right
problems to solve, and to solve these effectively. Our team of 199,000+
innovators, across the globe, is differentiated by the imagination, knowledge
and experience, across industries and technologies that we bring to every
project we undertake.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise
thrive in the digital age.
Safe Harbor
Certain statements in these results 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 and inability to
accurately predict economic or industry trends, 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,
2016. These filings are available at 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 release is October 14, 2016, 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.
<start_indent>
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
<end_indent>
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Interim Balance Sheets as of
(Dollars in millions except equity share data)
<start_table>
September 30,
2016
March 31, 2016
ASSETS
Current assets
Cash and cash equivalents
4,763 4,935
Current investments
323 11
Trade receivables
1,737 1,710
Unbilled revenue
584 457
Prepayments and other current assets
777 672
Derivative financial instruments
13 17
Total current assets
8,197 7,802
Non-current assets
Property, plant and equipment
1,681 1,589
Goodwill
566 568
Intangible assets
136 149
Investment in associates
15 16
Non-current investments
289 273
Deferred income tax assets
95 81
Income tax assets
788 789
Other non-current assets
108 111
Total non-current assets
3,678 3,576
Total assets
11,875 11,378
LIABILITIES AND EQUITY
Current liabilities
Trade payables
46 58
Derivative financial instruments
- 1
Current income tax liabilities
578 515
Client deposits
2 4
Unearned revenue
222 201
Employee benefit obligations
216 202
Provisions
93 77
Other current liabilities
929 940
Total current liabilities
2,086 1,998
Non-current liabilities
Deferred income tax liabilities
36 39
Other non-current liabilities
23 17
Total liabilities
2,145 2,054
Equity
Share capital- INR 5 ($0.16) par value 2,400,000,000
(2,400,000,000) equity shares authorized, issued
and outstanding 2,285,651,730 (2,285,621,088) net
of 11,292,934 (11,323,576) treasury shares, as of
September 30, 2016 (March 31, 2016), respectively
199 199
Share premium
574 570
Retained earnings
11,553 11,083
Other reserves
- -
Other components of equity
(2,596) (2,528)
Total equity attributable to equity holders of the
company
9,730 9,324
Non-controlling interests
- -
Total equity
9,730 9,324
Total liabilities and equity
11,875 11,378
<end_table>
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Interim Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
<start_table>
Three months Three months Six months
Six months
ended ended
ended ended
September September
September September
30, 2016 30, 2015 30,
2016 30, 2015
Revenues 2,587 2,392
5,088 4,647
Cost of sales 1,638 1,488
3,231 2,922
Gross profit 949 904
1,857 1,725
Operating expenses:
Selling and marketing expenses 134 129
271 258
Administrative expenses 171 165
340 316
Total operating expenses 305 294
611 574
Operating profit 644 610
1,246 1,151
Other income, net 114 121
226 240
Share in associate's profit /
(loss) (1) -
(1) -
Profit before income taxes 757 731
1,471 1,391
Income tax expense 218 212
421 396
Net profit 539 519
1,050 995
Other comprehensive income
Items that will not be
reclassified subsequently to
profit or loss:
Re-measurement of the net defined
benefit liability/(asset) (6) (1)
(9) (2)
Cumulative impact on reversal of
unrealized gain on quoted debt
securities on adoption of IFRS 9 - -
(5) -
Equity instruments through other
comprehensive income - -
- -
Items that will be reclassified
subsequently to profit or loss:
Fair valuation of investments - 5
- 3
Exchange differences on
translation of foreign operations 119 (242)
(54) (379)
Total other comprehensive income,
net of tax 113 (238)
(68) (378)
Total comprehensive income 652 281
982 617
Profit attributable to:
Owners of the company 539 519
1,050 995
Non-controlling interests - -
- -
539 519
1050 995
Total comprehensive income
attributable to:
Owners of the company 652 281
982 617
Non-controlling interests - -
0 -
652 281
982 617
Earnings per equity share
Basic ($) 0.24 0.23
0.46 0.44
Diluted ($) 0.24 0.23
0.46 0.44
Weighted average equity shares
used in computing earnings per
equity share
2,285,641,71 2,285,614,02 2,285,632,08
2,285,612,15
Basic 0 9
1 7
2,285,949,30 2,285,713,04 2,285,875,98
2,285,696,67
Diluted 3 2
8 8
<end_table>
NOTE:
1. The unaudited Condensed Consolidated Interim Balance sheet and Condensed
Consolidated Interim Statement of Comprehensive Income for the three months and
six months ended September 30, 2016 have been taken on record at the Board
meeting held on October 14, 2016
2. A Fact Sheet providing the operating metrics of the company can be
downloaded from www.infosys.com
IFRS-INR Press Release:
Fact Sheet:
Source: Infosys
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