Fact Sheet, IFRS - INR Press Release & IFRS - USD Press Release [Company Update]

Fact Sheet

Consolidated Financial Data - First Quarter, Fiscal 2016

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Page 1 of 6

Statement of Comprehensive Income for three months ended,

(As per IFRS) In` crore, except share data

Particulars

Jun 30, Growth % Q1 16 over

Q1 15

Mar 31, 2015 Growth % Q1 16 over

Q4 15 2015 2014

Revenues 14,354 12,770 12.4 13,411 7.0

Cost of sales 9,123 8,046 13.4 8,174 11.6

Gross Profit 5,231 4,724 10.7 5,237 (0.1)

Operating Expenses:

Selling and marketing expenses 820 666 23.1 736 11.4

Administrative expenses 964 847 13.8 1,052 (8.4)

Total Operating Expenses 1,784 1,513 17.9 1,788 (0.2)

Operating Profit 3,447 3,211 7.3 3,449 (0.1)

Other Income, net 758 829 (8.6) 881 (14.0)

Share in associate's profit/(loss) - - - (1) (100.0)

Profit before income taxes 4,205 4,040 4.1 4,329 (2.8)

Income tax expense 1,175 1,154 1.8 1,232 (4.6)

Net Profit 3,030 2,886 5.0 3,097 (2.1)

Earnings per equity share

Basic (`) 13.26 12.63 5.0 13.55 (2.1)

Diluted (`) 13.26 12.63 5.0 13.55 (2.1)

Note – Previous period EPS numbers have been restated due to issue of bonus shares in Dec-14 and Jun-15

Statement of Comprehensive Income for three months ended,

(As per IFRS) In US $ million, except share data

Particulars

Jun 30, Growth % Q1 16 over

Q1 15

Mar 31, 2015 Growth % Q1 16 over

Q4 15 2015 2014

Revenues 2,256 2,133 5.7 2,159 4.5

Cost of sales 1,434 1,344 6.7 1,317 8.9

Gross Profit 822 789 4.1 842 (2.5)

Operating Expenses:

Selling and marketing expenses 129 111 16.2 118 9.3

Administrative expenses 152 142 7.0 169 (10.1)

Total Operating Expenses 281 253 11.1 287 (2.1)

Operating Profit 541 536 0.9 555 (2.4)

Other Income, net 119 139 (14.4) 141 (15.6)

Share in associate's profit/(loss) - - - - -

Profit before income taxes 660 675 (2.2) 696 (5.1)

Income tax expense 184 193 (4.7) 198 (7.1)

Net Profit 476 482 (1.3) 498 (4.5)


Basic ($) 0.21 0.21 (1.3) 0.22 (4.5)

Diluted ($) 0.21 0.21 (1.3) 0.22 (4.5)

Note – Previous period EPS numbers have been restated due to issue of bonus shares in Dec-14 and Jun-15

Fact Sheet


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Revenues by Geographical Segment

(In %)

Quarter ended LTM

Jun 30, 2015 Mar 31, 2015 Jun 30, 2014 Jun 30, 2015 Jun 30, 2014

North America 63.2 62.8 60.8 62.1 60.5

Europe 22.4 23.1 24.5 23.6 24.6

India 2.2 2.5 2.4 2.4 2.6

Rest of the world 12.2 11.6 12.3 11.9 12.3

Total 100.0 100.0 100.0 100.0 100.0

Revenues by Service Offering

(in %)

Quarter ended LTM

Jun 30, 2015

Mar 31, 2015

Jun 30, 2014

Jun 30, 2015

Jun 30, 2014

Business IT Services 62.3 62.3 62.9 62.6 62.0

Application Development 14.0 14.3 15.8 14.8 15.8

Application Maintenance 19.9 19.7 18.7 19.5 19.1

Infrastructure Management Services 8.3 8.1 7.9 8.1 7.3

Testing Services 8.9 8.9 9.5 9.1 9.0

Product Engineering Services 3.5 3.5 3.4 3.5 3.3

Business Process Management 5.0 5.3 5.3 5.2 5.3

Others 2.7 2.5 2.3 2.4 2.2

Consulting, Package Implementation & Others 32.8 32.7 32.3 32.6 32.9

Products, Platforms and Solutions 4.9 5.0 4.8 4.8 5.1

Products 3.2 3.4 3.2 3.1 3.5

BPM Platform 1.0 1.0 1.2 1.1 1.2

Others 0.7 0.6 0.4 0.6 0.4

Total 100.0 100.0 100.0 100.0 100.0

Revenues by Project Type *

(in %)

Quarter ended LTM


Fixed Price 42.4 43.8 40.1 42.6 40.7

Time & Materials 57.6 56.2 59.9 57.4 59.3

Total 100.0 100.0 100.0 100.0 100.0

* Excluding products

Fact Sheet


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Revenues by Industry

(in %)

Quarter ended LTM


Banking & Financial Services, Insurance

33.1 33.6 33.4 33.2 33.5

Banking & financial services 27.1 27.2 27.4 27.0 27.3

Insurance 6.0 6.4 6.0 6.2 6.2

Manufacturing 24.0 23.8 23.2 23.6 23.0

Retail & Life Sciences 24.1 23.5 23.8 23.6 24.1

Retail & CPG 15.0 15.1 15.8 15.1 15.8

Transport & Logistics 1.5 1.6 1.5 1.5 1.6

Life Sciences 5.6 5.1 4.6 5.1 4.7

Healthcare 2.0 1.7 1.9 1.9 2.0

Energy, Utilities, Communications & Services

18.8 19.1 19.6 19.6 19.4

Energy & Utilities 4.2 4.5 5.1 4.8 5.1

Telecom 8.4 8.3 8.7 8.6 8.4

Others 6.2 6.3 5.8 6.2 5.9

Total 100.0 100.0 100.0 100.0 100.0

Client Data

Quarter ended Year ended

Jun 30, 2015 Mar 31, 2015 Jun 30, 2014 Mar 31, 2015 Mar 31, 2014

Number of Clients

Active 987 950 910 950 890

Added during the period (gross) 79 52 61 221 238

Number of million dollar clients*

1 Million dollar + 535 529 520 529 501

5 Million dollar + 248 244 235 244 232

10 Million dollar + 161 159 148 159 148

25 Million dollar + 83 83 78 83 78

50 Million dollar + 49 47 43 47 42

75 Million dollar + 28 29 24 29 24

100 Million dollar + 14 15 12 15 13

200 Million dollar + 6 4 3 4 3

300 Million dollar + 1 - 1 - 1

Client contribution to revenues

Top client 3.7% 3.5% 3.4% 3.3% 3.8%

Top 5 clients 14.0% 13.9% 13.7% 13.5% 14.4%

Top 10 clients 23.0% 22.7% 22.9% 22.7% 23.8%

Repeat business 98.4% 96.6% 99.0% 97.8% 97.7%

Days Sales Outstanding 68 65 66 65 62

*LTM (Last twelve months) Revenues

Fact Sheet


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Effort and Utilization - Consolidated IT Services

(in %)

Quarter ended LTM


Effort

Onsite 29.2 28.9 29.2 28.8 29.9

Offshore 70.8 71.1 70.8 71.2 70.1

Revenues

Onsite 56.1 55.2 54.5 55.2 55.2

Offshore 43.9 44.8 45.5 44.8 44.8

Utilization

Including trainees 75.7 72.8 74.8 74.9 73.3

Excluding trainees 80.2 78.6 80.1 80.9 77.8

Person Months Data - Consolidated IT Services

Quarter ended LTM


Billed – Onsite 91,424 85,746 80,066 342,078 319,926

– Offshore 221,449 211,045 193,980 844,100 748,712

TOTAL 312,873 296,791 274,046 1,186,178 1,068,638

Non Billable 77,465 81,011 68,098 280,782 304,994

Trainee 22,794 29,658 24,413 117,505 84,260

Sales & Support 24,874 23,644 22,344 94,402 90,602

TOTAL 438,006 431,104 388,901 1,678,867 1,548,494

Consolidated IT Services

Quarter ended LTM

Jun 30,

2015 Sequential

growth % Mar 31,

2015 Sequential

growth % Jun 30,

2014 Sequential

growth % Jun 30,

2015

Year on

Year growth

%

Jun 30, 2014

Year on

Year growth

%

Effort - (Person months)

Onsite 91,424 6.6 85,746 2.1 80,066 2.2 342,078 6.9 319,926 5.5

Offshore 221,449 4.9 211,045 0.4 193,980 3.2 844,100 12.7 748,712 11.0

Total 312,873 5.4 296,791 0.9 274,046 2.9 1,186,178 11.0 1,068,638 9.3

Revenues – ($ million)

Onsite 1,143.54 6.3 1,075.98 (2.3) 1,050.43 2.1 4,411.26 5.7 4,171.79 8.3

Offshore 896.22 2.6 873.36 (3.8) 876.16 3.0 3,583.73 6.0 3,380.14 12.2

Total 2,039.76 4.6 1,949.34 (3.0) 1,926.59 2.5 7,994.99 5.9 7,551.93 10.0

Revenue per FTE

(In US $ K)

Quarter ended Year Ended


Revenue per FTE - Consolidated 51.7 52.3 52.6 52.3 51.9

Fact Sheet


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Employee Metrics

(Nos.)



Total employees 1,79,523 1,76,187 1,61,284 1,76,187 1,60,405

S/W professionals 1,68,583 1,66,046 1,51,848 1,66,046 1,51,059

Billable 1,58,025 1,54,504 137,038 1,54,504 1,37,391

Banking product group 5,515 5,357 5,721 5,357 6,254

Trainees 5,043 6,185 9,089 6,185 7,414

Sales & Support 10,940 10,141 9,436 10,141 9,346

Gross addition 11,889 14,471 11,506 53,386 39,985

Of which lateral addition 5,886 8,334 3,954 23,156 12,247

Attrition 8,553 7,922 10,627 37,604 36,268

Net addition 3,336 6,549 879 15,782 3,717

Attrition % (Annualized standalone) 14.2% 13.4% 23.4% 18.9% 18.7%

Attrition % (Annualized consolidated) 19.2% 18.3% 26.4% 22.3% 22.9%

Infrastructure (as on Jun 30, 2015)

Completed Work in progress Land acquired during the

Quarter (acres)

Built-up area (Sq. Ft.)

No. of seats Built-up area (Sq. Ft.)

No. of seats

Bangalore 50,82,350 34,330 288,000 1,745 5.4

Bhubaneswar 10,54,403 4,974 8,40,511 3,786 -

Chandigarh 11,93,052 6,525 - - -

Chennai 42,75,136 25,080 - - -

Delhi - NCR 1,28,043 988 1,50,174 1,000 -

Hyderabad 49,24,082 25,871 1,68,809 - -

Jaipur 3,74,139 3,400 4,04,106 4,000 -

Mangalore 19,45,636 6,902 6,04,000 4,800 -

Mysore (including ILI)* 1,15,37,626 15,618 5,46,000 5,000 -

Pune 62,47,705 36,802 4,44,323 - -

Thiruvananthapuram 20,31,866 7,589 5,76,365 4,894 -

Global Centers

2,008,452 18,293 810,658 4,500 -

Total 4,08,02,490 1,86,372 48,32,946 29,725 5.4

*Infosys Leadership Institute

Rupee Dollar Rate ( ` )



Period closing rate 63.65 62.50 60.18 62.50 59.92

Period average rate 63.63 62.08 59.85 61.18 60.75

Fact Sheet


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Constant Currency Reporting

Reported revenues Q1 16 Q4 15 Q3 15 Q2 15 Q1 15

Revenues ($ mn) 2,256 2,159 2,218 2,201 2,133

Sequential growth % 4.5 (2.6) 0.8 3.1 2.0

YoY growth % 5.7 3.2 5.6 6.5 7.1

Constant currency – Q o Q Q1 16 Q4 15 Q3 15 Q2 15 Q1 15

Revenues ($ mn) 2,254 2,208 2,258 2,217 2,124

Sequential growth (%) 4.4 (0.4) 2.6 3.9 1.5

Constant currency – Y o Y Q1 16 Q4 15 Q3 15 Q2 15 Q1 15

Revenues ($ mn) 2,365 2,256 2,265 2,197 2,123

YoY growth (%) 10.9 7.8 7.9 6.3 6.6

Notes:

Basis of computation

1. Foreign exchange rates are as per FEDAI.

2. Average rates for major global currencies:

Average rate of USD Q1 16 FY 15 Q4 15 Q3 15 Q2 15 Q1 15

AUD 0.78 0.87 0.78 0.85 0.92 0.93

EURO 1.11 1.26 1.11 1.25 1.32 1.37

GBP 1.55 1.61 1.51 1.58 1.66 1.69

3. Proportion of revenues from major global currencies:

Revenue by currency (%) Q1 16 FY 15 Q4 15 Q3 15 Q2 15 Q1 15

AUD 7.3 7.6 6.6 7.4 8.2 8.2

EURO 8.9 10.2 9.4 10.3 10.4 10.6

GBP 6.3 5.9 5.9 5.8 5.9 5.8

Q1 2016 Geographical segment – growth

North America grew by 5.1% sequentially; and 5.1% in constant currency

Europe grew by 1.2% sequentially; and 0.7% in constant currency

India declined by 6.2% sequentially; and 4.3% in constant currency

Rest of the world grew by 9.7% sequentially; and 9.9 % in constant currency

Industry segment – growth

FSI grew by 2.8% sequentially; and 2.6% in constant currency

MFG grew by 5.4% sequentially; and 5.5% in constant currency

RCL grew by 7.3% sequentially; and 7.3% in constant currency

ECS grew by 2.6% sequentially; and 2.5% in constant currency

IFRS – INR

Press Release

Infosys Limited – Press Release Page 1 of 8

Infosys (NSE, BSE: INFY) Announces Results for the Quarter ended June 30, 2015

Q1 revenue growth at 7.0% QoQ, highest in 15 quarters *

Volume growth at 5.4% QoQ, highest in 19 quarters

Gross client addition at 79

Largest client crosses $ 300 mn; added 2 clients in $ 200 mn bucket

6 large deals signed in Q1 with TCV of $ 688 mn

Quarterly annualized attrition for Infosys Limited at 14.2% compared to 23.4% in Q1

15

FY 16 revenue guidance retained at 10%-12% in constant currency

*in USD terms excluding acquisitions

Bangalore, India – July 21, 2015

Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30,

2015

Quarter ended June 30, 2015

Revenues were `14,354 crore for the quarter ended June 30, 2015 QoQ growth was 7.0% YoY growth was 12.4%

Net profit was `3,030 crore for the quarter ended June 30, 2015 QoQ decline was 2.1% YoY growth was 5.0%

Earnings per share (EPS) was `13.26 for the quarter ended June 30, 2015 QoQ decline was 2.1%

YoY growth was 5.0%

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

bonds were `30,235 crore as on June 30, 2015 as compared to `32,585 crore as on March 31, 2015

Infosys spent `45 crore in Q1, towards Corporate Social Responsibility (CSR) which is primarily being

carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged

in several programs aimed at alleviating hunger, promoting education, computing literacy, improving

health, assisting rural development, supporting arts and helping the destitute

Other Q1 Highlights

Volume growth of 5.4%

6 large deals signed with TCV of $ 688 mn

Added 79 clients

Utilization (excluding trainees) expanded 160 bps to 80.2%

Quarterly annualized attrition for Infosys Limited at 14.2% compared to 23.4% in Q1 15

IFRS – INR

Press Release


“I am very pleased with our performance in the first quarter. Our efforts in redesigning our clients’ experience

and our widespread adoption of innovation, both in grassroots and breakthroughs, are starting to bear fruit in

large deal wins and in the growth of large clients”, said Dr. Vishal Sikka, CEO and MD. “While we are still early

in our journey to become the leading next-generation services company, this gives us good momentum for the

rest of the year.”

“The organization realignment made earlier this year for deeper client and operational focus has resulted in

strong volume growth”, said Mr. U. B. Pravin Rao, COO. “We continued the roll out of employee engagement

initiatives around collaboration and simplification of internal processes in order to retain the industry’s best

talent.”

“We are operating within our stated margin band, balancing strategic investments and client focus with

operational efficiencies”, said Rajiv Bansal, CFO. “Pricing environment is competitive which we are addressing

through automation and improvement in productivity.”

Outlook*

The Company’s outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows:

Revenues are expected to grow 10%-12% in constant currency;

Revenues are expected to grow 11.5%-13.5% in INR terms

*Conversion: 1 US$ = `63.65 for rest of the fiscal 2016

Business Highlights

We made significant client additions this quarter, including six large deals, each greater than USD$50 million in

total contract value. We continue to focus on strengthening client relationships and delivering new and

innovative solutions.

Client wins

This quarter, we signed a multi-year agreement with Deutsche Bank encompassing bespoke

development, application maintenance services, digital and mobility services, package implementation,

and testing services. We are now a strategic partner under Deutsche Bank’s Supplier Partnership

Program.

Kim Hammonds, Global Chief Information Officer, Deutsche Bank said, “Deutsche Bank is

committed to applying innovative technology to enhance its efficiency and service to clients. Working

with Infosys will help the bank achieve these goals.”

We were selected as a strategic partner by Allied Irish Banks, p.l.c. (AIB), a financial services group

operating predominantly in the Republic of Ireland and the U.K. As part of this engagement, Infosys will

provide application development and management services, along with transformation and innovation

services. We will also set up a 200-seat facility in Dublin to house the staff who will be transferred from

AIB.

We have won a multi-year contract with ServiceFirst, an internal shared service of the Australian State

of New South Wales organization. The total commercial value of the deal is US $76 million and will

include BPO and SAP services.

This quarter, we completed the implementation of Infosys Smart Oilfield Services Solution for SAP ERP

at FTS International (FTSI), the largest private well completion company in North America. This will

enable the company to achieve a significant milestone in its strategic business transformation. Within

14 months, we helped FTSI implement 15 SAP modules across 20 locations for over 1,400 users, thus

enabling the company to improve operating metrics and to leverage an upgraded IT platform for future

growth.

IFRS – INR

Press Release


FTSI Chief Information Officer and Chief HR Officer Sharon S. Stufflebeme said, “Infosys’

tremendous footprint, level of expertise in SAP deployment, ability to work with both IT and business

teams as well as its oil and gas experience made it the perfect partner for us in this important milestone

in our strategic business transformation.”

NBTY Inc., a global manufacturer, marketer, distributor and retailer of market-leading vitamins and

nutritional supplements entered into a multi-year partnership with us. As part of this agreement, we will

provide development and support services for NBTY’s IT systems including enterprise-wide application

development and maintenance services.

Andrea Simone, Sr. Vice President & Global CIO, NBTY Inc. said, “We are creating a global, world-

class IT architecture that will provide competitive advantage to NBTY in continuously driving profitable

growth. We selected Infosys as a strategic partner to provide next-generation application services and

to work with us on transformation initiatives that are expected to drive business and IT innovation.”

A global luxury fashion retailer has chosen us as its preferred global IT partner. We will drive efficiencies

and value by implementing a global IT shared services model and a client offshore delivery center to

support all regions.

A global mining company engaged us to streamline its finance and procurement process outsourcing,

as well as end-to-end IT services management including service desk, infrastructure and application

management.

A leading office equipment major selected us as its strategic partner for application development and

maintenance, testing and product implementation.

Platforms

To date we have had more than 127 client engagements where the Infosys Information Platform has been used

and have completed 16 pilot programs using this platform. We are encouraged by the traction we are seeing

with Panaya post the acquisition, and have won 15 new deals across different industries through our joint

offerings.

A European logistics company selected the Infosys Information platform to deliver near real-time data-based

tracking and reporting of operational metrics and project business volumes for capacity planning.

We won a project from a global pharmaceutical company to develop a predictive equipment maintenance

process based on equipment operating conditions and maintenance history information using the capabilities

of the Infosys Information Platform.

Another pharmaceutical company engaged us to develop a big data and analytics technology platform

architecture. The client also implemented the Infosys Information Platform to deliver on a range of operational

reporting in areas such as supply chain and inventory management using data from source systems such as

SAP.

Products

This quarter, the shareholders authorized the transfer of business of Finacle and Edge Services to EdgeVerve

with effect from August 1, 2015 or such other date as may be decided by the Board, for a consideration of upto

` 3,400 crore and upto ` 220 crore respectively. EdgeVerve Systems is a wholly-owned subsidiary of Infosys.

EdgeVerve

EdgeVerve saw a great beginning to the year with 14 wins and 4 client go-lives.

A large consumer health and medical devices company selected ProcureEdge to power its source-to-

settle transformation. ProcureEdge will be implemented worldwide by the client to bring transformation

and savings across its buying organization. A large European telecom company expanded its use of

AssistEdge to include over 5,000 operators in its call centres, enabling them to simplify and automate

business processes by integrating multiple disparate systems; thereby reducing call handling time and

IFRS – INR

Press Release


improving customer service. AssistEdge is also providing analytics-based insights to help the client

proactively allocate resources and take preventive steps to manage issues.

Finacle

This quarter, Finacle sustained strong business momentum with 19 wins and 12 go-lives across the

globe. Wins in the quarter included Corporation Bank and Indian Overseas Bank, both of which opted

for our industry leading core banking solution. Building on last quarter’s success with Qantas Credit

Union, Finacle also added another client in Australia for digital transformation.

Finacle continued to expand its solutions suite with three new offerings - Finacle Assure, Finacle Youth

Banking solution and Finacle SME Enable. Finacle also extended its partnership with Microsoft Corp

making its suite of solutions available on Microsoft Azure cloud.

Acquisitions, Investments and Partnerships

This quarter, we completed the acquisition of Kallidus Inc. (d.b.a Skava) and its affiliate, a leading

provider of digital experience solutions, including mobile commerce and in-store shopping experiences

to large retail clients. The acquisition of Skava is part of Infosys’ strategy to help clients bring new digital

experiences to their customers through IP-led technology offerings, new automation tools and

unparalleled skill and expertise in these new emerging areas.

This quarter, the shareholders in the AGM have approved to enter into a contract to acquire the

healthcare business from Infosys Public Services Inc. (IPS), a wholly-owned subsidiary of Infosys for

an estimated consideration of upto ` 625 crores with effect from a day as may be decide by the Board

of Directors

We are encouraged by the traction we are seeing with Panaya post the acquisition, and have won 15

new deals through our joint offerings.

We have joined the Industrial Internet Consortium (IIC), an open membership group established to

improve the integration between the physical and the digital worlds and accelerate the adoption of

Internet of Things. We will focus on the development of future IIC testbeds with key ecosystem partners,

leveraging our expertise in predictive analytics as applied to maintenance, operations, information,

service and energy. Our work on predictive analytics solutions for asset efficiency will be anchored on

open-source and open-access ingredients for rapid innovation by the community.

We continue to enhance our capabilities in Design Thinking across the organization, and have trained

more than 39,000 employees till date. We have also seen a positive response from clients with whom

we have various design thinking engagements.

Arif Rehman, Director, Supply Chain Operations, Cisco said, “Infosys has been a strategic partner

on our journey to catalyze innovation across the Global Manufacturing Operations organization. They

have been working closely with us from an organizational perspective to incorporate Design Thinking

and an innovator's mindset into how our teams collaborate, ideate and prototype towards more user-

centric solutions. What I appreciate the most is their ability to take a concept like innovation and

contextualize it into the day to day workings of our very analytical, knowledge-centric workforce.”

Innovation Fund

This quarter, we set aside US$10 million from our global Innovation Fund for Ireland-based start-ups. Earlier

this year, Infosys announced the US$500 million Innovation Fund earmarked for investments in the growth of

disruptive new technologies.

http://www.infosys.com/finacle/services/Pages/preventive-maintenance.aspx

http://www.infosys.com/finacle/solutions/Pages/youth-banking-solution.aspx


http://www.infosys.com/finacle/solutions/Pages/finacle-SME-enable.aspx

http://www.infosys.com/about/Pages/innovation-fund.aspx

IFRS – INR

Press Release


Awards and Recognition

We were honored with the Technology Partner Award at the 11th annual Manufacturing Leadership (ML)

Awards ceremony event for playing a primary role in enabling Toyota Motor Sales (TMS), USA achieve

outstanding performance in customer value.

This quarter we won the Key Supplier Award in recognition of specific services that we provide Avaya

in information technology, research and development. We also received the Award for Best Outsource

Services Supplier – surpassing over 1,200+ other Avaya suppliers who provide direct and indirect

materials / services.

We were awarded 'IT Services Provider of the Year – Banking Financial Services and Insurance Sector'

by Frost & Sullivan

Infosys Finacle™ was given the highest score for all six use cases in the Gartner Critical Capabilities

for International Retail Core Banking assessment. The report evaluated 20 leading core banking

companies for each of the use cases defined by Gartner.

We were identified as a ‘Leader’ in the Everest Group’s Life Sciences ITO PEAK Matrix 2015.

We were featured as a ‘Leader’ and ‘Star Performer’ in Everest Group’s Banking AO PEAK Matrix 2015.

At The Asian Banker Summit in Hong Kong, Finacle won the Outstanding Technology Implementation

Award with DBS Bank, Singapore, while also bagging The Asian Banker Vendor Satisfaction Survey

Gold Award for 2015.

We received the Global Solar EPC Award for solar installations across our campuses in India.

Beyond Business

For this fiscal, Infosys has pledged `270 crore towards Corporate Social Responsibility (CSR) which is primarily

being carried out through the Infosys Foundation, its philanthropic arm.

During this quarter, the Infosys Foundation USA, announced a partnership with Code.org to expand access to

computer science education for millions of students across the United States. The program includes

professional development for teachers, curriculum development and social outreach programs. Infosys

Foundation USA has also committed its support to Code.org’s annual Hour of Code initiative, a global grassroots

campaign that has introduced millions of students to computer science in over 180 countries.

Infosys became the first Indian company to join RE100, a global platform for major companies committed to

100% renewable power. As part of its commitment to RE100, Infosys aims to become carbon neutral by 2018.

The company is already working to reduce its per capita electricity consumption by 50 per cent from its 2007-

2008 levels and source all its electricity from renewable resources by 2018.

About Infosys Ltd Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable

clients, in more than 50 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 www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 179,000+

employees, is helping enterprises renew themselves while also creating new avenues to generate value.

Safe Harbor

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IFRS – INR

Press Release


Certain statements in this press 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, 2015 and our Forms 6- K for the quarters ended June

30, 2014, September 30, 2014 and December 31, 2014. 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 press release is July 21, 2015, 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.

Contact Investor Relations Sandeep Mahindroo

+91 80 3980 1018 [email protected]

Media Relations Sarah Vanita Gideon, India +91 80 4156 3373 [email protected]

Cristin Balog

+1 650 320 4126

[email protected]

Infosys Limited and subsidiaries

Consolidated Balance Sheets as of

http://www.sec.gov/

mailto:[email protected]


mailto:Cristin_Balog@

IFRS – INR

Press Release


(In ` crore except share data)

June 30, 2015 March 31, 2015

ASSETS

Current assets

Cash and cash equivalents 28,142 30,367

Available-for-sale financial assets 736 874

Trade receivables 10,548 9,713

Unbilled revenue 2,953 2,845

Prepayments and other current assets 4,010 3,296

Derivative financial instruments 41 101

Total current assets 46,430 47,196

Non-current assets

Property, plant and equipment 9,511 9,125

Goodwill 3,635 3,091

Intangible assets 944 638

Investment in associate 95 93

Available-for-sale financial assets 1,371 1,345

Deferred income tax assets 484 537

Income tax assets 4,612 4,089

Other non-current assets 302 238

Total non-current assets 20,954 19,156

Total assets 67,384 66,352

LIABILITIES AND EQUITY

Current liabilities

Trade payables 196 140


Current income tax liabilities 3,162 2,818

Client deposits 21 27

Unearned revenue 1,183 1,052

Employee benefit obligations 1,163 1,069

Provisions 474 478

Other current liabilities 6,920 5,796

Total current liabilities 13,125 11,383

Non-current liabilities

Deferred income tax liabilities 284 160

Other non-current liabilities 116 46

Total liabilities 13,525 11,589

Equity

Share capital- ̀ 5 par value 240,00,00,000 (120,00,00,000) equity

shares authorized, issued and outstanding 228,56,10,264 (114,28,05,132), net of 1,13,34,400 (56,67,200) treasury shares, as of June 30, 2015 (March 31, 2015), respectively 1,144 572

Share premium 2,236 2,806

Retained earnings 49,947 50,978

Other components of equity 532 407

Total equity attributable to equity holders of the company 53,859 54,763

Non-controlling interests - -

Total equity 53,859 54,763

Total liabilities and equity 67,384 66,352


Consolidated Statements of Comprehensive Income

(In ` crore except share and per equity share data)

IFRS – INR

Press Release


Three months ended June 30, 2015


Revenues 14,354 12,770

Cost of sales 9,123 8,046

Gross profit 5,231 4,724

Operating expenses:

Selling and marketing expenses 820 666

Administrative expenses 964 847

Total operating expenses 1,784 1,513

Operating profit 3,447 3,211

Other income, net 758 829

Share of net profit/(loss) in associate - -

Profit before income taxes 4,205 4,040

Income tax expense 1,175 1,154

Net profit 3,030 2,886

Other comprehensive income

Items that will not be reclassified to profit or loss:

Re-measurement of the net defined benefit liability/(asset) (7) (20)

Items that may be reclassified subsequently to profit or loss:

Fair value changes on available-for-sale financial asset (12) 17

Exchange differences on translation of foreign operations 144 -

Total other comprehensive income, net of tax 125 (3)

Total comprehensive income 3,155 2,883

Profit attributable to:

Owners of the company 3,030 2,886


3,030 2,886

Total comprehensive income attributable to:

Owners of the company 3,155 2,883


3,155 2,883


Basic (`) 13.26 12.63

Diluted (`) 13.26 12.63

Weighted average equity shares used in computing earnings per equity share

Basic 228,56,10,264 228,56,10,264

Diluted 228,56,72,309 228,56,10,264

NOTE: 1. The audited Consolidated interim Balance sheets and Consolidated interim Statements of Comprehensive Income for the three months ended June 30, 2015 have been taken on record at the Board meeting held on July 21, 2015. 2. A Fact Sheet providing the operating metrics of the company can be downloaded from www.infosys.com 3. Previous period share count and EPS has been restated due to issue of bonus shares in Dec-14 and Jun-15

http://www.infosys.com/

IFRS – USD

Press Release


Infosys (NYSE: INFY) Announces Results for the Quarter ended June 30, 2015

Q1 revenue growth at 4.5% QoQ; highest in 15 quarters *

Volume growth at 5.4% QoQ, highest in 19 quarters

Gross client addition at 79

Largest client crosses $ 300 mn; added 2 clients in $ 200 mn bucket

6 large deals signed in Q1 with TCV of $ 688 mn

Quarterly annualized attrition for Infosys Limited at 14.2% compared to 23.4% in Q1

15

FY 16 revenue guidance retained at 10%-12% in constant currency; increased to

7.2%-9.2% in USD terms

*Excluding acquisitions

Bangalore, India – July 21, 2015

Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30,

2015

Quarter ended June 30, 2015

Revenues were $ 2,256 million for the quarter ended June 30, 2015

QoQ growth was 4.5% in reported terms; 4.4% in constant currency terms

YoY growth was 5.7% in reported terms; 10.9% in constant currency terms

Net profit was $ 476 million for the quarter ended June 30, 2015

QoQ decline was 4.5%

YoY decline was 1.3%

Earnings per share (EPS) was $ 0.21 for the quarter ended June 30, 2015

QoQ decline was 4.5%

YoY decline was 1.3%

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

bonds were $ 4,750 million as on June 30, 2015 as compared to $ 5,214 million as on March 31, 2015

Infosys spent $ 7 million in Q1, towards Corporate Social Responsibility (CSR) which is primarily being

carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged

in several programs aimed at alleviating hunger, promoting education, computing literacy, improving

health, assisting rural development, supporting arts and helping the destitute

Other Q1 Highlights

Volume growth of 5.4%

6 large deals signed with TCV of $ 688 mn

Added 79 clients

Utilization (excluding trainees) expanded 160 bps to 80.2%

Quarterly annualized attrition for Infosys Limited at 14.2% compared to 23.4% in Q1 15

IFRS – USD

Press Release


“I am very pleased with our performance in the first quarter. Our efforts in redesigning our clients’ experience

and our widespread adoption of innovation, both in grassroots and breakthroughs, are starting to bear fruit in

large deal wins and in the growth of large clients”, said Dr. Vishal Sikka, CEO and MD. “While we are still early

in our journey to become the leading next-generation services company, this gives us good momentum for the

rest of the year.”

“The organization realignment made earlier this year for deeper client and operational focus has resulted in

strong volume growth”, said Mr. U. B. Pravin Rao, COO. “We continued the roll out of employee engagement

initiatives around collaboration and simplification of internal processes in order to retain the industry’s best

talent.”

“We are operating within our stated margin band, balancing strategic investments and client focus with

operational efficiencies”, said Rajiv Bansal, CFO. “Pricing environment is competitive which we are addressing

through automation and improvement in productivity.”

Outlook*

The Company’s outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows:

Revenues are expected to grow 10%-12% in constant currency;

Revenues are expected to grow 7.2%-9.2% in USD terms

*Conversion: AUD/USD – 0.77; Euro/USD – 1.12; GBP/USD – 1.57 for rest of fiscal 2016

Business Highlights

We made significant client additions this quarter, including six large deals, each greater than USD$50 million in

total contract value. We continue to focus on strengthening client relationships and delivering new and

innovative solutions.

Client wins

This quarter, we signed a multi-year agreement with Deutsche Bank encompassing bespoke

development, application maintenance services, digital and mobility services, package implementation,

and testing services. We are now a strategic partner under Deutsche Bank’s Supplier Partnership

Program.

Kim Hammonds, Global Chief Information Officer, Deutsche Bank said, “Kim Hammonds, Global

Chief Information Officer, Deutsche Bank said, “Deutsche Bank is committed to applying innovative

technology to enhance its efficiency and service to clients. Working with Infosys will help the bank

achieve these goals.”

We were selected as a strategic partner by Allied Irish Banks, p.l.c. (AIB), a financial services group

operating predominantly in the Republic of Ireland and the U.K. As part of this engagement, Infosys will

provide application development and management services, along with transformation and innovation

services. We will also set up a 200-seat facility in Dublin to house the staff who will be transferred from

AIB.

We have won a multi-year contract with ServiceFirst, an internal shared service of the Australian State

of New South Wales organization. The total commercial value of the deal is US $76 million and will

include BPO and SAP services.

This quarter, we completed the implementation of Infosys Smart Oilfield Services Solution for SAP ERP

at FTS International (FTSI), the largest private well completion company in North America. This will

enable the company to achieve a significant milestone in its strategic business transformation. Within

14 months, we helped FTSI implement 15 SAP modules across 20 locations for over 1,400 users, thus

IFRS – USD

Press Release


enabling the company to improve operating metrics and to leverage an upgraded IT platform for future

growth.

FTSI Chief Information Officer and Chief HR Officer Sharon S. Stufflebeme said, “Infosys’

tremendous footprint, level of expertise in SAP deployment, ability to work with both IT and business

teams as well as its oil and gas experience made it the perfect partner for us in this important milestone

in our strategic business transformation.”

NBTY Inc., a global manufacturer, marketer, distributor and retailer of market-leading vitamins and

nutritional supplements entered into a multi-year partnership with us. As part of this agreement, we will

provide development and support services for NBTY’s IT systems including enterprise-wide application

development and maintenance services.

Andrea Simone, Sr. Vice President & Global CIO, NBTY Inc. said, “We are creating a global, world-

class IT architecture that will provide competitive advantage to NBTY in continuously driving profitable

growth. We selected Infosys as a strategic partner to provide next-generation application services and

to work with us on transformation initiatives that are expected to drive business and IT innovation.”

A global luxury fashion retailer has chosen us as its preferred global IT partner. We will drive efficiencies

and value by implementing a global IT shared services model and a client offshore delivery center to

support all regions.

A global mining company engaged us to streamline its finance and procurement process outsourcing,

as well as end-to-end IT services management including service desk, infrastructure and application

management.

A leading office equipment major selected us as its strategic partner for application development and

maintenance, testing and product implementation.

Platforms

To date we have had more than 127 client engagements where the Infosys Information Platform has been used

and have completed 16 pilot programs using this platform. We are encouraged by the traction we are seeing

with Panaya post the acquisition, and have won 15 new deals across different industries through our joint

offerings.

A European logistics company selected the Infosys Information platform to deliver near real-time data-based

tracking and reporting of operational metrics and project business volumes for capacity planning.

We won a project from a global pharmaceutical company to develop a predictive equipment maintenance

process based on equipment operating conditions and maintenance history information using the capabilities

of the Infosys Information Platform.

Another pharmaceutical company engaged us to develop a big data and analytics technology platform

architecture. The client also implemented the Infosys Information Platform to deliver on a range of operational

reporting in areas such as supply chain and inventory management using data from source systems such as

SAP.

Products

This quarter, the shareholders authorized the transfer of business of Finacle and Edge Services to EdgeVerve

with effect from August 1, 2015 or such other date as may be decided by the Board, for a consideration of upto

` 3,400 crore (app. $ 550 million) and upto ` 220 crore (app. $ 35 million) respectively. EdgeVerve Systems is

a wholly-owned subsidiary of Infosys.

EdgeVerve

EdgeVerve saw a great beginning to the year with 14 wins and 4 client go-lives.

A large consumer health and medical devices company selected ProcureEdge to power its source-to-

settle transformation. ProcureEdge will be implemented worldwide by the client to bring transformation

IFRS – USD

Press Release


and savings across its buying organization. A large European telecom company expanded its use of

AssistEdge to include over 5,000 operators in its call centres, enabling them to simplify and automate

business processes by integrating multiple disparate systems; thereby reducing call handling time and

improving customer service. AssistEdge is also providing analytics-based insights to help the client

proactively allocate resources and take preventive steps to manage issues.

Finacle

This quarter, Finacle sustained strong business momentum with 19 wins and 12 go-lives across the

globe. Wins in the quarter included Corporation Bank and Indian Overseas Bank, both of which opted

for our industry leading core banking solution. Building on last quarter’s success with Qantas Credit

Union, Finacle also added another client in Australia for digital transformation.

Finacle continued to expand its solutions suite with three new offerings - Finacle Assure, Finacle Youth

Banking solution and Finacle SME Enable. Finacle also extended its partnership with Microsoft Corp

making its suite of solutions available on Microsoft Azure cloud.

Acquisitions, Investments and Partnerships

This quarter, we completed the acquisition of Kallidus Inc. (d.b.a Skava) and its affiliate, a leading

provider of digital experience solutions, including mobile commerce and in-store shopping experiences

to large retail clients. The acquisition of Skava is part of Infosys’ strategy to help clients bring new digital

experiences to their customers through IP-led technology offerings, new automation tools and

unparalleled skill and expertise in these new emerging areas.

This quarter, the shareholders in the AGM have approved to enter into a contract to acquire the

healthcare business from Infosys Public Services Inc. (IPS), a wholly-owned subsidiary of Infosys for

an estimated consideration of upto ` 625 crores (app. $ 100 million) with effect from a day as may be

decide by the Board of Directors

We are encouraged by the traction we are seeing with Panaya post the acquisition, and have won 15

new deals through our joint offerings.

We have joined the Industrial Internet Consortium (IIC), an open membership group established to

improve the integration between the physical and the digital worlds and accelerate the adoption of

Internet of Things. We will focus on the development of future IIC testbeds with key ecosystem partners,

leveraging our expertise in predictive analytics as applied to maintenance, operations, information,

service and energy. Our work on predictive analytics solutions for asset efficiency will be anchored on

open-source and open-access ingredients for rapid innovation by the community.

We continue to enhance our capabilities in Design Thinking across the organization, and have trained

more than 39,000 employees till date. We have also seen a positive response from clients with whom

we have various design thinking engagements.

Arif Rehman, Director, Supply Chain Operations, Cisco said, “Infosys has been a strategic partner

on our journey to catalyze innovation across the Global Manufacturing Operations organization. They

have been working closely with us from an organizational perspective to incorporate Design Thinking

and an innovator's mindset into how our teams collaborate, ideate and prototype towards more user-

centric solutions. What I appreciate the most is their ability to take a concept like innovation and

contextualize it into the day to day workings of our very analytical, knowledge-centric workforce.”

Innovation Fund

This quarter, we set aside US$10 million from our global Innovation Fund for Ireland-based start-ups. Earlier

this year, Infosys announced the US$500 million Innovation Fund earmarked for investments in the growth of

disruptive new technologies.

Awards and Recognition

http://www.infosys.com/finacle/services/Pages/preventive-maintenance.aspx



http://www.infosys.com/finacle/solutions/Pages/finacle-SME-enable.aspx

http://www.infosys.com/about/Pages/innovation-fund.aspx

IFRS – USD

Press Release


We were honored with the Technology Partner Award at the 11th annual Manufacturing Leadership (ML)

Awards ceremony event for playing a primary role in enabling Toyota Motor Sales (TMS), USA achieve

outstanding performance in customer value.

This quarter we won the Key Supplier Award in recognition of specific services that we provide Avaya

in information technology, research and development. We also received the Award for Best Outsource

Services Supplier – surpassing over 1,200+ other Avaya suppliers who provide direct and indirect

materials / services.

We were awarded 'IT Services Provider of the Year – Banking Financial Services and Insurance Sector'

by Frost & Sullivan

Infosys Finacle™ was given the highest score for all six use cases in the Gartner Critical Capabilities

for International Retail Core Banking assessment. The report evaluated 20 leading core banking

companies for each of the use cases defined by Gartner.

We were identified as a ‘Leader’ in the Everest Group’s Life Sciences ITO PEAK Matrix 2015.

We were featured as a ‘Leader’ and ‘Star Performer’ in Everest Group’s Banking AO PEAK Matrix 2015.

At The Asian Banker Summit in Hong Kong, Finacle won the Outstanding Technology Implementation

Award with DBS Bank, Singapore, while also bagging The Asian Banker Vendor Satisfaction Survey

Gold Award for 2015.

We received the Global Solar EPC Award for solar installations across our campuses in India.

Beyond Business

For this fiscal, Infosys has pledged `270 crore towards Corporate Social Responsibility (CSR) which is primarily

being carried out through the Infosys Foundation, its philanthropic arm.

During this quarter, the Infosys Foundation USA, announced a partnership with Code.org to expand access to

computer science education for millions of students across the United States. The program includes

professional development for teachers, curriculum development and social outreach programs. Infosys

Foundation USA has also committed its support to Code.org’s annual Hour of Code initiative, a global grassroots

campaign that has introduced millions of students to computer science in over 180 countries.

Infosys became the first Indian company to join RE100, a global platform for major companies committed to

100% renewable power. As part of its commitment to RE100, Infosys aims to become carbon neutral by 2018.

The company is already working to reduce its per capita electricity consumption by 50 per cent from its 2007-

2008 levels and source all its electricity from renewable resources by 2018.

About Infosys Ltd

Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable

clients, in more than 50 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 www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 179,000+

employees, is helping enterprises renew themselves while also creating new avenues to generate value.

Safe Harbor

Certain statements in this press 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



http://www.infosys.com/links/redirectlink.aspx?id=there100.aspx

http://www.infosys.com/Pages/index.aspx

IFRS – USD

Press Release


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, 2015 and our Forms 6- K for the quarters ended June

30, 2014, September 30, 2014 and December 31, 2014. 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 press release is July 21, 2015, 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.

Contact Investor Relations Sandeep Mahindroo

+91 80 3980 1018 [email protected]

Media Relations Sarah Vanita Gideon, India +91 80 4156 3373 [email protected]

Cristin Balog

+1 650 320 4126

[email protected]


Unaudited Condensed Consolidated Interim Balance Sheets as of

(Dollars in millions except equity share data)

http://www.sec.gov/




IFRS – USD

Press Release


June 30, 2015 March 31, 2015

ASSETS

Current assets

Cash and cash equivalents 4,421 4,859


Trade receivables 1,657 1,554

Unbilled revenue 464 455

Prepayments and other current assets 630 527


Total current assets 7,294 7,551

Non-current assets

Property, plant and equipment 1,494 1,460

Goodwill 571 495

Intangible assets 149 102

Investment in Associates 15 15


Deferred income tax assets 77 85

Income tax assets 724 654

Other non-current assets 48 38

Total non-current assets 3,293 3,064

Total assets 10,587 10,615

LIABILITIES AND EQUITY

Current liabilities

Trade payables 31 22

Derivative Financial Instruments 1 -

Current income tax liabilities 497 451

Client deposits 3 4

Unearned revenue 186 168

Employee benefit obligations 183 171

Provisions 74 77

Other current liabilities 1,087 927

Total current liabilities 2,062 1,820

Non-current liabilities

Deferred income tax liabilities 45 25

Other non-current liabilities 18 8

Total liabilities 2,125 1,853

Equity

Share capital- `5 ($0.16) par value 2,400,000,000 (1,200,000,000) equity shares authorized, issued and outstanding 2,285,610,264 (1,142,805,132), net of 11,334,400 (5,667,200) treasury shares as of June 30, 2015 (March 31, 2015), respectively 199 109

Share premium 569 659

Retained earnings 9,930 10,090

Other components of equity (2,236) (2,096)

Total equity attributable to equity holders of the company 8,462 8,762


Total equity 8,462 8,762

Total liabilities and equity 10,587 10,615 Infosys Limited and subsidiaries Unaudited Condensed Consolidated Interim Statements of Comprehensive Income

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

IFRS – USD

Press Release




Revenues 2,256 2,133

Cost of sales 1,434 1,344

Gross profit 822 789

Operating expenses:

Selling and marketing expenses 129 111

Administrative expenses 152 142

Total operating expenses 281 253

Operating profit 541 536

Other income, net 119 139

Share in associate's profit / (loss) - -

Profit before income taxes 660 675

Income tax expense 184 193

Net profit 476 482

Other comprehensive income

Items that will not be reclassified to profit or loss:

Re-measurement of the net defined benefit liability/(asset) (1) (3)

Items that may be reclassified subsequently to profit or loss:

Fair value changes on available-for-sale financial asset (2) 3

Exchange differences on translation of foreign operations (137) (36)

Total other comprehensive income, net of tax (140) (36)

Total comprehensive income 336 446

Profit attributable to:

Owners of the company 476 482


476 482

Total comprehensive income attributable to:

Owners of the company 336 446


336 446


Basic ($) 0.21 0.21

Diluted ($) 0.21 0.21

Weighted average equity shares used in computing earnings per equity share

Basic 2,285,610,264 2,285,610,264

Diluted 2,285,672,309 2,285,610,264

NOTE: 1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim Statements of Comprehensive Income for the three months ended June 30, 2015 have been taken on record at the Board meeting held on July 21, 2015 2. A Fact Sheet providing the operating metrics of the company can be downloaded from www.infosys.com

3. Previous period share count and EPS has been restated due to issue of bonus shares in Dec-14 and Jun-15

http://www.infosys.com/

Documents

Fact Sheet, IFRS - INR Press Release & IFRS - USD Press Release [Company Update]