◎2014年度第3四半期売上高、純益は前年度比9.9%増、6.7%増
◎2014年度第3四半期売上高、純益は前年度比9.9%増、6.7%増
AsiaNet 55483
共同JBN 0041 （2014.1.14）
【マイソール（インド）2014年1月10日PRN＝共同JBN】インフォシス（Infosys、NYSE：INFY）は10日、2014会計年度第3四半期（2013年10－12月期）決算を発表した。当四半期の売上高は前期比1.7%、前年度比9.9%増となった。純益は前期比20.9%増、前年度比6.7%増だった。
▽財務ハイライト
国際財務報告基準（IFRS）に基づく、2013年12月31日までの2014年度第3四半期（10－12月期）の連結決算ハイライトは以下の通り。
＊売上高は21億ドルで、前期比1.7%増、前年度比9.9%増。
＊当期末の純益は4億6300万ドルで、前期比20.9%増（注）、前年度比6.7%増。
＊当期末の米国預託株式（ADS）1株当たりの利益（EPADS）は0.81ドルで、ビザ関連事項を除き前期比20.9%増、前年度比6.6%増。
＊現金、現金相当物、売却可能な金融資産、譲渡性預金証書、国債を含む流動資産は、前期は43億ドルに対して当期は44億ドルだった。
（Logo: http://photos.prnewswire.com/prnh/20130122/589162）
▽その他のハイライト
＊インフォシスとその子会社は当四半期に54の顧客を増やした。
＊インフォシスとその子会社は当期、総数6682人を新たに雇用した。
＊インフォシスとその子会社は2013年12月31日時点で、15万8404人を雇用している。
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「これからの1年は、ITサービス業界にとって素晴らしいものになりそうだ。われわれは世界の経済環境が改善し、顧客は成長の機会に確信をもって投資することになると考えている。われわれは成長の機会をつかむため事業の差別化を継続する。最近になって組織構造を変革したことで、顧客関係を強化し、市場シェアを強化することができるだろう」と語った。
同CEOはさらに「われわれは当該四半期を通じて、事業の効率を強化するためのイニシアチブで早期に期待できる結果を得た。当社は確実に伸びる将来に向けて必要な投資を行うことを重視し続ける」と語った。
▽展望
国際財務報告基準（IFRS）に基づく2014年3月31日までの2014会計年度の当社事業の展望（連結）は、以下の通り。
＊売上高は11.5%－12.0%成長する見込みである。
▽事業ハイライト
＊当社は大手メーカーDieboldと提携して、その事業変革行程をさらに進め、サービス、供給チェーン管理、財務作業処理を合理化することになった。
＊新しい成長分野としてクラウドとビッグデータに注力したことで、良い結果を生み続けている。当社は200以上の契約を実行し、当該四半期に20余りの契約を受注した。当社は世界的なクラウド対応国際団体Open Data Center Alliance（ODCA）の運営委員会メンバーとして正式に任命され、次世代の企業対応クラウドおよびビッグデータ実装の定義を支援した。
＊当社はモバイル機器にかかわる革新的ソリューションを生み出すためにクライアントと提携している。当社は当該四半期、モバイル・フィールドサービス、危機管理、企業生産性について25余りの契約に着手した。
＊当社エンジニアリングサービス事業は、引き続き堅実な成長を続けている。当社は150余りのアクティブクライアントを抱え、当該四半期に業界を横断して52件の契約を結んだ。
＊Infosys Edgeはソーシャル、モバイル、分析、クラウドなどのテクノロジーに投資した結果、市場でその勢いを持続している。当社は当該四半期にプラットフォームで8件、製品で6件、合わせて14件を受注した。当社はまた、判断力のある販売プラットフォームTradeEdgeを開始して、企業が消費者の需要を正確に判断し、満たすとともに、販売と業務上のパフォーマンスを大きく向上する企業を支援した。
＊当社のInfosys Finacle（商標）は8件の新規契約を得て、当該四半期にその勢いを維持した。インド、アフリカ、中東、東南アジアで同プラットフォームは11の銀行で活用されている。
＊Infosys Public Services Inc.が考案、実行した米コロンビア特別区の新しいオンライン健康保険市場であるDC Health Linkは、2013年10月1日に利用開始された。
＊地域の事業が活発になったことと合わせて、当社はシドニーに新しいオフィスを開設して、オーストラリアにプレゼンスを拡大した。Infosys BPOはオランダのアイントホーフェンに新しいデリバリーセンターを開き、その世界事業足跡を強化するとともに欧州でのプレゼンスを補強した。
＊当社は当該四半期、インドと米国で22件の独自の特許を申請した。当社はこれとともに、インド、米国、その他諸国で特許出願中の各種段階にある533の特許を申請中である。当社はこれまでに米国特許商標庁から143件、オーストラリア特許庁から1件、ルクセンブルク特許庁から3件の特許を取得している。
▽賞と顕彰
＊当社はHfS Enterprise Analytics Services Blueprint 2013の受賞者サークルに位置づけられた。同リポートは分析の顕著な規模、各サービス分野にわたる優れた実行、クライアントへの対応で当社を顕彰した。
＊オラクルはNorth America in the Services Partner of the YearおよびBusiness Intelligence Partner of the Yearの「Specialized Partner of the Year」に対する 2013 Oracle Excellence Awardを当社に授賞した。当社はさらにまた、North America for Communications, Media and Entertainment; Energy & Utilitiesの「Specialized Partner of the Year」に対する2013 Oracle Excellence Award Honorable Mentions」を受賞した。当社はまたIndustryに対する「Specialized Partner of the Year」で2013 APAC Oracle Excellence Awardを受賞した。
＊米医療保険グループ法人Kaiser PermanenteのAvivia Healthは、消費者の参画を向上する革新的なゲーミフィケーション（gamification）プラットフォームを開発したInfosys Public Servicesを戦略的パートナーとして認めた。
＊英国アウトソーシング協会（NOA）は、電気通信、公益、ハイテク分野のアウトソーシングで2013年優秀賞を当社とBritish Telecomに授賞した。
＊CEB TowerGroupの「Mobile Banking Solutions Technology Analysis」リポートおよび「Core Banking Systems for the Large Bank Market」リポートは、Best-in-Classプロバイダーとして Infosys Finacle（商標）を顕彰した。
＊ガートナーの「International Retail Core Banking」リポートは、連続7回Leader in its Magic Quadrant for International Retail Core Banking（注）としてInfosys Finacle（商標）を位置付けた。
（注）情報ソース：Gartner, Inc., "Magic Quadrant for International Retail Core Banking," Don Free and Ethan Wang, October 8, 2013 ガートナーはこの調査報告書の中で表現していいかなるベンダー、製品もしくはサービスも推薦するものではなく、またテクノロジー・ユーザーに最高評価したこれらベンダーのみを選択するよう勧めるものでもない。
＊Infosys BPOはEverest Groupの「PEAK Matrix Assessment 2013」リポートで「Procurement Outsourcing (PO) Service Provider Landscape」のLeaders部門に位置づけられた。
＊当社はGlobal Most Admired Knowledge Enterprise（MAKE）で9回にわたり権威ある賞を受賞した。当社はまたAsian MAKE Award も11回連続受賞した。
＊Asiamoneyの年次 Corporate Governance Poll 2013で、Best Overall for Corporate Governance, Responsibilities of Management and the Board of Directors, Disclosure and Transparency, Shareholders' Rights and Equitable Treatment, and Investor Relationsとして認められた。
＊IR global rankings 2013は企業ガバナンスプラクティスで世界第3位、インドのIRウェブサイトで2位に当社を評価した。
▽役員交代
U・B・プラビン・ラオ（U.B. Pravin Rao）氏およびキラン・マズムダルショー（Kiran Mazumdar-Shaw）氏の任命。
取締役会はU・B・プラビン・ラオ氏を追加常勤取締役として、キラン・マズムダルショー氏を追加（社外）取締役として任命した。
プラビン・ラオ氏は現社長である。同氏は事業各部門の成長と差別化を進めることに責任を持つ。これらはリテール、消費財およびロジスティックス、ライフサイエンス、資源および公益事業、各種サービス、成長市場、クラウドおよびモビリティー、質と生産性などを含む。同氏はさらに、グローバルデリバリー、サービスイノベーションにも責任を持つ。同氏は世界のInfosys Leadership Institute（ILI）のディレクターである。ILIは上級およびハイポテンシャルのリーダーの選択、開発、調査、継承に責任を持つ。同氏は25年余の経験があり、主としてリテールおよび金融サービスのクライアントとの関係強化に尽力する。同氏は1986年入社以来、Infrastructure Management Services部門責任者、対欧州デリバリー責任者、リテール・消費財・ロジスティックス・ライフサイエンス責任者など数々の上級指導者を務めた。同氏はインドのバンガロール大学電気工学科卒業。
キラン・マズムダルショー氏はインド・バンガロールにあるバイオテクノロジー企業Biocon Limitedの会長兼マネジングディレクターである。キラン氏は企業世界で高く評価されており、タイム誌の「世界で最も影響力のある100人」の中に上げられている。インドのEconomic Times紙は最近、2012年のインド企業の中で最も有力な女性CEOトップ10に同氏を指名している。バイオテクノロジーにおける同氏の先駆的努力は、インド業界およびBiocon双方から世界的な評価を集めた。同氏はバンガロール大学で動物学の優等学位（1973年）を得て、オーストラリアのバララット大学で醸造マスターの資格を取得した。同氏はまたバイオテクノロジー分野での突出した貢献を認められて多くの名誉博士号を受けている
デービッド・ボイルズ氏の引退
同社取締役会の退職規定（2010年10月15日に先立ってインフォシス取締役会に指名された社外取締役で65歳に達した人）に従って、社外取締役のデービッド・ボイルズ（David Boyles）氏は2014年1月17日付で役員会から退く。同氏は2005年7月にインフォシス取締役会に加わった。
取締役会執行会長のN・R・ナラヤナ・ムルティ（N. R. Narayana Murthy）氏は「ボイルズ氏は取締役会で重要な役割を果たした。リスク管理に関する同氏の見識は当社に大変役立ち、リスク管理事業偏と当社アプローチの強化を支援してくれた。われわれは取締役会への貢献、特にリスク管理委員会議長としての役割に謝意を表明する」と語った。
ボイルズ氏は取締役会に感謝の意を表明して、「私は過去8年間にわたりインフォシスとやりがいのある関係を持ってきた。このアイコニック企業の事業行程の一端を担う機会を与えてくれた取締役会に感謝したい。会社とその指導者たちの成功と活躍を祈っている」と語った。
ボイルズ氏はアメリカン・エキスプレス、バンク・オブ・アメリカ、ANZ Banking Groupなど大手多国籍企業で上級経営者の職務を努めた。同氏は2003年12月にANZの常勤企業生活を引退した。同氏の最近までの企業役職はANZ Banking Groupでテクノロジー、支払い、資産、戦略的調達、その他シェアードサービスを管掌する最高執行責任者（COO）だった。同氏はまたANZ Bankニュージーランドの取締役で、ANZ GroupのOperating Risks Executive Committee議長だった。同氏はANZに先立って、アメリカン・エキスプレスのeコマース担当上級副社長だった。同氏はこの役職で、最新のオンラインサービスと先端テクノロジーに責任を持った。AMEXCOでの同氏の当初の役割は、Travellers Cheque Groupのシニアバイスプレジデント（グローバルシステム・オペレーション担当）が含まれる。それより前のリーダーシップ的役職は、Downey Financialの執行副社長兼最高執行責任者、バンク・オブ・アメリカの消費市場担当シニアバイスプレジデントが含まれる。ボイルズ氏はワシントン州立大学のMBA、米グリーリーにあるUNCで心理学の最優秀MA（文学修士）、BA（文学士）を取得しているほか、「Maximising the Business Value of your Technology Investment」（http://www.infosys.com/infosys-labs/publications/books/Pages/index.aspx#busines svalue）の著書がある。（インフォシスおよびマイクロソフトに2005年著作権が帰属している）
▽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74億米ドル、15万8000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。
http://www.infosys.com （http://www.infosys.com/Pages/index.aspx）
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)
December March 31,
31, 2013 2013
ASSETS
Current assets
Cash and cash equivalents $ 3,712 $4,021
Available-for-sale financial assets 418 320
Investment in certificates of deposit 106 -
Trade receivables 1,447 1,305
Unbilled revenue 423 449
Derivative financial instruments - 19
Prepayments and other current assets 428 391
Total current assets 6,534 6,505
Non-current assets
Property, plant and equipment 1,202 1,191
Goodwill 354 364
Intangible assets 60 68
Available-for-sale financial assets 203 72
Deferred income tax assets 98 94
Income tax assets 241 201
Other non-current assets 41 44
Total non-current assets 2,199 2,034
Total assets $8,733 $8,539
LIABILITIES AND EQUITY
Current liabilities
Derivative financial instruments $16 -
Trade payables 29 35
Current income tax liabilities 318 245
Client deposits 7 6
Unearned revenue 142 152
Employee benefit obligations 148 113
Provisions 49 39
Other current liabilities 733 568
Total current liabilities 1,442 1,158
Non-current liabilities
Deferred income tax liabilities 11 23
Other non-current liabilities 49 27
Total liabilities 1,502 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 December 31,
2013 and March 31, 2013, respectively 64 64
Share premium 704 704
Retained earnings 8,405 7,666
Other components of equity (1,942) (1,103)
Total equity attributable to equity holders of the company 7,231 7,331
Non-controlling interests - -
Total equity 7,231 7,331
Total liabilities and equity $8,733 $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 Nine Nine
months months months months
ended ended ended ended
December December December December
31, 2013 31, 2012 31, 2013 31, 2012
Revenues $2,100 $1,911 $6,157 $5,460
Cost of sales 1,341 1,203 3,974 3,376
Gross profit 759 708 2,183 2,084
Operating expenses:
Selling and marketing
expenses 104 99 327 277
Administrative expenses* 129 118 411 355
Total operating expenses 233 217 738 632
Operating profit 526 491 1,445 1,452
Other income, net 117 92 301 308
Profit before income taxes 643 583 1,746 1,760
Income tax expense 180 149 482 479
Net profit $463 $434 $1,264 $1,281
Other comprehensive income
Items that will not be
reclassified to profit or loss:
Re-measurement of the net
defined benefit liability/(asset) 4 - 10 -
Items that may be
reclassified subsequently
to profit or loss:
Fair value changes on
available-for-sale
financial asset, net of
tax effect (10) - (14) -
Exchange differences on
translating foreign operations 91 (250) (844) (478)
Total other comprehensive income $85 ($250) ($848) ($478)
Total comprehensive income $548 $184 $416 $803
Profit attributable to:
Owners of the company $463 $434 $1,264 $1,281
Non-controlling interests - - - -
$463 $434 $1,264 $1,281
Total comprehensive income
attributable to:
Owners of the company $548 $184 $416 $803
Non-controlling interests - - - -
$548 $184 $416 $803
Earnings per equity share
Basic ($) 0.81 0.76 2.21 2.24
Diluted ($) 0.81 0.76 2.21 2.24
Weighted average equity
shares used in computing
earnings per equity share
Basic 571,402,566 571,400,086 571,402,566 571,398,129
Diluted 571,402,566 571,400,417 571,402,566 571,399,018
(*) 2013年12月31日現在の9カ月間のAdministrative expenses（管理費）はビザ関連事項に対する3500万ドルの手数料を含む。
（注）
1. 2013年12月31日現在の3カ月および9カ月も無監査連結貸借対照表および包括利益連結計算書要旨（いわゆる損益計算書）は、2014年1月10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以下のサイトからダウンロードすることができる。
監査連結貸借対照表要旨と包括利益連結計算書要旨は、2014年 unaudited Condensed
http://multivu.prnewswire.com/mnr/prne/operations/Fact-Sheet.pdf
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/mnr/prne/operations/Fact-Sheet.pdf
INR（年次報告書）Press Release: http://multivu.prnewswire.com/mnr/prne/operations/INR-Press-Release.pdf
▽問い合わせ先
Investor Relations
Gargi Ray
+91-80-4116-7747
gargi_ray@infosys.com
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91-80-4156-3373
Sarah_Gideon@Infosys.com
Ken Montgomery, Golin Harris for Infosys, US
+1-415-318-4399
KMontgomery@GolinHarris.com
ソース：Infosys Ltd
Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2013
PR55483
MYSORE, India, Jan. 10/PRN=KYODO JBN / --
- Q3 revenues grew by 1.7% quarter-on-quarter; 9.9% year-on-year
- Net profit grew by 20.9% quarter-on-quarter; 6.7% year-on-year
Financial Highlights
Consolidated results under International Financial Reporting Standards
(IFRS) for the quarter ended December 31, 2013
- Revenues were $2,100 million for the quarter ended December 31, 2013
QoQ growth was 1.7%
YoY growth was 9.9%
- Net profit was $463 million for the quarter ended December 31, 2013
QoQ growth was 20.9%*
YoY growth was 6.7%
- Earnings per American Depositary Share (EPADS) was $0.81 for the quarter
ended December 31, 2013
QoQ growth was 20.9%*
YoY growth was 6.6%
- Liquid assets including cash and cash equivalents, available-for-sale
financial assets, certificates of deposits and government bonds were $4.4
billion as on December 31, 2013 versus $4.3 billion as on September 30,
2013
* including the provision for visa related matters made in quarter ended
September 30, 2013
(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )
Other highlights:
- Infosys and its subsidiaries added 54 clients during the quarter
- Gross addition of 6,682 employees for the quarter by Infosys and its
subsidiaries
- 158,404 employees as on December 31, 2013 for Infosys and its subsidiaries
"The year ahead looks exciting for the IT services industry. We believe the
global economic environment has improved and our clients are gaining confidence
to invest in their strategic initiatives," said S. D. Shibulal, CEO and
Managing Director. "We continue to differentiate ourselves to seize growth
opportunities. The recent changes in organizational structure will enable us to
strengthen client relationships and increase market share."
"During the quarter, we saw early but promising results of our initiatives
to increase efficiency in our operations," said Rajiv Bansal, Chief Financial
Officer. "We continue to remain focused on making investments necessary to
secure and grow our future."
Outlook
The company's outlook (consolidated) for the fiscal year ending March 31,
2014, under IFRS is as follows:
- Revenues are expected to grow 11.5%-12.0%
Business Highlights
- We have partnered with a leading manufacturer, Diebold, to further its
transformation journey and streamline its service, supply chain
management, and financial operations processes.
- Our focus on Cloud and Big Data as new growth areas continues to yield
results. We have executed more than 200 engagements and have won more
than 20 deals this quarter. We have been formally inducted as a member of
the steering committee of the global Open Data Center Alliance (ODCA) to
help define the next generation of enterprise-ready Cloud and Big Data
implementations.
- We are partnering with clients to create innovative solutions around the
mobile device. This quarter we started more than 25 engagements across
mobile field service, device management and enterprise productivity.
- Our Engineering Services business continues to see strong growth. With
over 150 active clients, we had 52 wins this quarter across industries.
- Infosys Edge continues its momentum in the market as we invest in
technologies like Social, Mobile, Analytics and Cloud. This quarter we
had 14 wins - eight for platforms and six for products. We also launched
TradeEdge, an insights-driven sales platform that help brands accurately
sense and fulfill consumer demand while significantly improving sales
and operational performance.
- Infosys Finacle(TM) sustained its business momentum in the quarter with
eight new wins; 11 banks went live on the platform across India, Africa,
Middle East and South East Asia.
- The District of Columbia's new online health insurance marketplace, DC
Health Link, designed and implemented by Infosys Public Services Inc,
successfully went live on October 1, 2013.
- To keep pace with the business momentum in the region, we expanded our
presence in Australia with a new office in Sydney. Infosys BPO opened a
new delivery center in Eindhoven, the Netherlands to strengthen its
global footprint and reinforce its presence in Europe.
- During the third quarter, Infosys applied for 22 unique patent
applications in India and the U.S. With this, we have 533 patent
applications undergoing various stages of patent prosecution in India,
the U.S. and other jurisdictions. We have been granted 143 patents by
the United States Patent and Trademark Office, one patent by Australian
Patent Office and three patents by the Luxembourg patent office.
Awards and Recognition
- We have been positioned in the winner's circle in HfS Enterprise
Analytics Services Blueprint 2013. The report recognizes Infosys for
its significant scale in analytics, execution excellence across service
areas, and responsiveness to clients.
- Oracle has awarded us with its 2013 Oracle Excellence Award for
'Specialized Partner of the Year' - North America in the Services
Partner of the Year, and Business Intelligence Partner of the Year
categories. In addition, we were also awarded 2013 Oracle Excellence
Award Honorable Mentions for 'Specialized Partner of the Year' - North
America for Communications, Media and Entertainment; Energy & Utilities;
and Financial Services. We were also awarded the 2013 APAC Oracle
Excellence Award for 'Specialized Partner of the Year' - Industry.
- Avivia Health from Kaiser Permanente, recognized Infosys Public Services
as a strategic partner to develop its innovative gamification platform to
improve consumer engagement.
- The National Outsourcing Association (NOA) has presented Infosys and
British Telecom with the 2013 award for excellence in telecommunication,
utilities and hi-tech outsourcing.
- The CEB TowerGroup Mobile Banking Solutions Technology Analysis report
and the Core Banking Systems for the Large Bank Market report, both
recognized Infosys Finacle(TM) as a 'Best-in-Class' provider.
- Gartner's International Retail Core Banking report positioned Infosys
Finacle(TM) as a Leader in its Magic Quadrant for International Retail
Core Banking* for the seventh time in a row.
*Source: Gartner, Inc., "Magic Quadrant for International Retail Core
Banking," Don Free and Ethan Wang, October 8, 2013. Gartner does not
endorse any vendor, product or service depicted in its research
publications, and does not advise technology users to select only those
vendors with the highest ratings.
- Infosys BPO has been positioned in the Leaders category in Everest
Group's Procurement Outsourcing (PO) Service Provider Landscape with
PEAK Matrix Assessment 2013 report.
- We have won the prestigious Global Most Admired Knowledge Enterprise
(MAKE) Award for the ninth time. We have also won the Asian MAKE Award
eleven times in a row.
- At Asiamoney's annual Corporate Governance Poll 2013, we were recognized
as the Best Overall for Corporate Governance, Responsibilities of
Management and the Board of Directors, Disclosure and Transparency,
Shareholders' Rights and Equitable Treatment, and Investor Relations.
- We received the 'Platinum' award at 'The Asset' Excellence in Management
and Corporate Awards 2013.
- The IR global rankings 2013 ranked us third globally for corporate
governance practices and second for IR website in India.
Board Changes
Induction of U.B. Pravin Rao and Kiran Mazumdar-Shaw
The Board of Directors appointed Mr. U B Pravin Rao as an Additional and
Whole-time Director and Ms. Kiran Mazumdar-Shaw as an Additional (Independent)
Director.
Mr. Pravin Rao is currently the President of the Company. He is responsible
for driving growth and differentiation across a portfolio of businesses. These
include Retail, Consumer Packaged Goods and Logistics, Life Sciences, Resources
& Utilities, Services, Growth Markets, Cloud & Mobility, and Quality &
Productivity. In addition, he is responsible for Global Delivery and Service
Innovation. Pravin is also the Director of the Infosys Leadership Institute
(ILI) globally. ILI is responsible for the selection, development, research and
succession of senior and high-potential leaders. He has over 25 years of
experience, working on engagements with clients, primarily in retail and
financial services. Since joining Infosys in 1986, he has held a number of
senior leadership roles such as Head of Infrastructure Management Services,
Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods,
Logistics and Life Sciences. Pravin holds a degree in electrical engineering
from Bangalore University, India.
Ms. Kiran Mazumdar-Shaw is the Chairman & Managing Director of Biocon
Limited a biotechnology company based in Bangalore, India. Kiran is highly
respected in the corporate world and has been named among TIME magazine's 100
most influential people in the world. Recently, Economic Times placed her at
India Inc's top 10 most powerful women CEO for the year 2012. Her pioneering
efforts in biotechnology have drawn global recognition both for Indian Industry
and Biocon. She received a graduate honors degree in Zoology from Bangalore
University (1973) and qualified as a Master Brewer from Ballarat University,
Australia (1975). Kiran has also received many honorary Doctorates in
recognition of her pre-eminent contributions to the field of biotechnology.
Retirement of David Boyles
In accordance with the retirement policy for the company's Board of
Directors (attainment of 65 years of age for Independent Directors appointed to
the Infosys Board prior to October 15, 2010), David L. Boyles, Independent
Director, will retire from the Board effective January 17, 2014. David L.
Boyles joined the Infosys Board in July 2005.
N. R. Narayana Murthy, Executive Chairman of the Board, said, "David has
played an important role on the Board. His insights on Risk Management have
benefitted the Company immensely and have helped us strengthen our approach to
Risk Management. We thank David for his contribution to the Board and in
particular to the Risk Management Committee, in his capacity as the Chair of
the Committee. We will miss his knowledge and unique insights."
David L. Boyles thanked the Board and said, "I have had a rewarding
association with Infosys over the past eight years. I would like to thank the
Board of Directors for giving me an opportunity to be a part of the journey of
this iconic company. I wish the company and its leaders the very best."
David L. Boyles has held senior leadership positions at large multinational
corporations, including American Express, Bank of America and ANZ Banking
Group. He retired from the ANZ and full-time corporate life in December 2003.
David's most recent corporate position was that of Chief Operations Officer at
ANZ Banking Group where he was responsible for Technology, Payments, Property,
Strategic Sourcing and other shared services. He was also on the Board of ANZ
Bank New Zealand and chaired the ANZ Group Operating Risks Executive Committee.
Prior to ANZ, he was Senior Vice President, e-Commerce, at American Express. In
this role, he was responsible for state-of-the-art online services and emerging
technologies. His early roles with AMEXCO included Senior Vice President,
Global Systems and Operations, Travellers Cheque Group. Earlier leadership
positions include Downey Financial (Executive Vice President & Chief Operating
Officer)
and Bank of America (Senior Vice President, Consumer Markets). David has an MBA
from Washington State University and an MA and BA (summa cum laude) in
Psychology from UNC, Greeley and authored a book Maximising the Business Value
of your Technology Investment
[http://www.infosys.com/infosys-labs/publications/books/Pages/index.aspx#busines
svalue ]
((c)2005, Infosys and Microsoft).
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$7.4 billion in annual revenues and
158,000+ employees, is Building Tomorrow's Enterprise(R) today.
Safe Harbor
Certain statements in this release concerning our future growth prospects
are forward-looking statements, 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 September 30, 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. 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)
December March 31,
31, 2013 2013
ASSETS
Current assets
Cash and cash equivalents $ 3,712 $4,021
Available-for-sale financial assets 418 320
Investment in certificates of deposit 106 -
Trade receivables 1,447 1,305
Unbilled revenue 423 449
Derivative financial instruments - 19
Prepayments and other current assets 428 391
Total current assets 6,534 6,505
Non-current assets
Property, plant and equipment 1,202 1,191
Goodwill 354 364
Intangible assets 60 68
Available-for-sale financial assets 203 72
Deferred income tax assets 98 94
Income tax assets 241 201
Other non-current assets 41 44
Total non-current assets 2,199 2,034
Total assets $8,733 $8,539
LIABILITIES AND EQUITY
Current liabilities
Derivative financial instruments $16 -
Trade payables 29 35
Current income tax liabilities 318 245
Client deposits 7 6
Unearned revenue 142 152
Employee benefit obligations 148 113
Provisions 49 39
Other current liabilities 733 568
Total current liabilities 1,442 1,158
Non-current liabilities
Deferred income tax liabilities 11 23
Other non-current liabilities 49 27
Total liabilities 1,502 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 December 31,
2013 and March 31, 2013, respectively 64 64
Share premium 704 704
Retained earnings 8,405 7,666
Other components of equity (1,942) (1,103)
Total equity attributable to equity holders of the company 7,231 7,331
Non-controlling interests - -
Total equity 7,231 7,331
Total liabilities and equity $8,733 $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 Nine Nine
months months months months
ended ended ended ended
December December December December
31, 2013 31, 2012 31, 2013 31, 2012
Revenues $2,100 $1,911 $6,157 $5,460
Cost of sales 1,341 1,203 3,974 3,376
Gross profit 759 708 2,183 2,084
Operating expenses:
Selling and marketing
expenses 104 99 327 277
Administrative expenses* 129 118 411 355
Total operating expenses 233 217 738 632
Operating profit 526 491 1,445 1,452
Other income, net 117 92 301 308
Profit before income taxes 643 583 1,746 1,760
Income tax expense 180 149 482 479
Net profit $463 $434 $1,264 $1,281
Other comprehensive income
Items that will not be
reclassified to profit or loss:
Re-measurement of the net
defined benefit liability/(asset) 4 - 10 -
Items that may be
reclassified subsequently
to profit or loss:
Fair value changes on
available-for-sale
financial asset, net of
tax effect (10) - (14) -
Exchange differences on
translating foreign operations 91 (250) (844) (478)
Total other comprehensive income $85 ($250) ($848) ($478)
Total comprehensive income $548 $184 $416 $803
Profit attributable to:
Owners of the company $463 $434 $1,264 $1,281
Non-controlling interests - - - -
$463 $434 $1,264 $1,281
Total comprehensive income
attributable to:
Owners of the company $548 $184 $416 $803
Non-controlling interests - - - -
$548 $184 $416 $803
Earnings per equity share
Basic ($) 0.81 0.76 2.21 2.24
Diluted ($) 0.81 0.76 2.21 2.24
Weighted average equity
shares used in computing
earnings per equity share
Basic 571,402,566 571,400,086 571,402,566 571,398,129
Diluted 571,402,566 571,400,417 571,402,566 571,399,018
(*) Administrative expenses for nine months ended December 31, 2013 include
a charge of $ 35 million towards visa related matters.
NOTE:
1. The unaudited Condensed Consolidated Balance sheets and Condensed
Consolidated Statements of Comprehensive Income for the three months and nine
months ended December 31, 2013 have been taken on record at the Board meeting
held on January 10, 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/mnr/prne/operations/Fact-Sheet.pdf
INR Press Release:
http://multivu.prnewswire.com/mnr/prne/operations/INR-Press-Release.pdf
Contact
Investor Relations
Gargi Ray
+91-80-4116-7747
gargi_ray@infosys.com
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91-80-4156-3373
Sarah_Gideon@Infosys.com
Ken Montgomery, Golin Harris for Infosys, US
+1-415-318-4399
KMontgomery@GolinHarris.com
SOURCE: Infosys Ltd
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