◎通期の売上高が倍増 インフォシスが2014会計年度の通期、四半期決算
◎通期の売上高が倍増 インフォシスが2014会計年度の通期、四半期決算
AsiaNet 56516
共同JBN 0433 （2014.4.15）
【バンガロール（インド）2014年4月15日PRN=共同JBN】
＊インフォシス（Infosys、NYSE：INFY）の2014会計年度の売上高は米ドル換算表記で11.5%増と（前年度比）倍増。
＊第4四半期（2014年1-3月期）の営業利益率は連続して50ベーシスポイント（bps）改善して25.5%増。
＊配当性向は税引き後40%増。
＊2015会計年度の売上高は米ドル換算表記で7-9%増の見込み。
▽財務ハイライト
国際財務報告基準（IFRS）に基づく、2014年3月31日までの通期および第4四半期（1-3月期、以下当期）の連結決算ハイライトは以下の通り。
Logo: http://photos.prnewswire.com/prnh/20130122/589162
2014年3月31日までの1年
＊通年売上高は82億4900万ドルで、前年比（YoY）成長は11.5%。
＊通年の純益は17億5100万ドルで、前年比1.5%増。
＊通年の1株利益は3.06ドルで、前年比1.3%増。
2014年3月31日までの第4四半期
＊当期の売上高は20億9200万ドルで、前期比（QoQ）0.4%減、前年比7.9%増。
＊当期の純益は4億8700万ドルで、前期比5.2%増、前年比9.7%増。
＊当期の1株利益は0.85ドルで、前期比4.9%、前年比9.0%増。
現金、現金相当物、売却可能な金融資産、譲渡性預金証書および政府債券を含む流動資産は、2014年3月31日（2014会計年度末）時点で50億ドルだった。2013年12月31日（2014会計年度第3四半期末）時点および2013年3月31日（2013年会計年度末）時点では44億ドルだった。
取締役会は2014会計年度に1株当たり43インドルピーの最終配当（1米ドル当たり60インドルピーという市場為替交換率で計算して、ADSの1株当たり約0.72ドルの最終配当に相当）を提言した。同社の株式登録・移転帳簿は、2014年5月31日から2014年6月14日まで（初日と最終日を含む）閉鎖される。
同社の当面の政策は、税引き後利益の最高30%までの配当を支払うことである。取締役会は2014会計年度から税引き後利益の最高40%まで支払額を増額することを決定した。
▽その他のハイライト
＊インフォシスとその子会社は当期に50、通期で238の顧客を加えた。
＊インフォシスとその子会社は当期に総数1万997人、通期で3万9985人を追加雇用した。
＊インフォシスとその子会社は2014年3月31日時点で、16万405人を雇用している。
インフォシスのS・D・シブラル最高経営責任者（CEO）兼マネジングディレクターは「われわれは2014会計年度の最終四半期の業績が期待を裏切ったものの、昨年との比較で通期の成長率を倍増することができて喜んでいる。われわれは次年度の売上高の伸びを7-9%という目標を立て、当社事業にすべて必要な投資をすることで成長のモメンタムを高めることに注力する」と語った。
ラジブ・バンサル最高財務責任者（CFO）は「当社の現金および現金相当物は当期に50億ドルを超えた。われわれは株主への利益還元を強化するため、2014会計年度から税引き後利益の最高40%までに配当性向を増やした」と語った。
▽展望（注）
国際財務報告基準（IFRS）に基づく2015年3月31日までの2015会計年度の当社事業の展望（連結）は、以下の通り。
売上高は7%から9%に増大する見込みである。
▽事業ハイライト
＊エネルギー、通信、金融サービス、政府部門、ヘルスケア部門などの企業と大規模な調達契約を結んだ。当社はボルボ・カーズ（Volvo Cars）から戦略的サプライヤーとして選ばれ、その世界的業務にアプリケーション開発サービスを提供する。当社は欧州の大手銀行から調達取引を受注し、その全体的アプリケーション・ポートフォリオを管理する。
＊当社は米コロンビア特別区（首都ワシントン）との契約を延長して、その健康保険マーケットプレイス（DC Health Link）計画の第2局面の実行を支援する。DC Health Linkは旧来からの加入資格制度の刷新、追加的な保険・社会プログラムが含まれる。
＊当社はヘルスケアソリューションのトッププロバイダーと依頼され、その中核となる収益サイクル管理製品を強化し、その顧客が規制条件に準拠するのを支援する。
＊当社はフランスの世界的な製造業コングロマリットから選ばれ、そのコーヒー園プラットフォーム向けに農業研究ツールを構築し、生産と使用メトリックのデータをモニターし、リポートすることを支援する。
＊当社は世界的な食料品生産・処理コングロマリットとの3年契約を結んで、管理サービスモデルの下で世界的にマーケティング支援の手を伸ばす。
＊クラウドとビッグデータ提供で新たに20の取引契約を結んで、最先端テクノロジーソリューションによるビジネスモメンタムを持続した。モビリティーサービスは新たに15の取引契約、エンジニアリングサービスは新たに12の取引契約を結んだ。
＊Infosys Finacle（商標）のサービスは世界的に広がり続け、欧州、南米、アフリカ、中東、アジア太平洋の銀行で新たに7件の受注があり、11件が立ち上がった。
＊当社はブラジルのアララクアラに100シートのデリバリーセンターを立ち上げ、世界大手オンレンジジュース製造業のCitrosucoに営業支援システムであるSAPアプリケーション管理サービスを提供する。
＊インドル、モハリ、ノイダ、ナグプルの4市で新たに4つのキャンパスでの作業を開始。
＊当社は第4四半期にインドおよび米国で18の独自特許を申請した。これにより当社が行った総数541の特許申請はインド、米国、その他の法律管轄地域でさまざまな段階で特許手続きが進んでいる。当社はこれまでに米特許商標局から153特許、ルクセンブルク特許庁から3特許、オーストラリア特許庁から1特許が認可された。
▽賞と表彰
＊Forrester Wave（商標）：Oracle Application Services Providersの2014年第1四半期リポートでリーダー（http://www.infosys.com/newsroom/press-releases/Pages/application-services-provider-leader.aspx）にランク付けされた。
＊Forrester Wave（商標）：North American Applications Outsourcingの2014年第1四半期リポートでリーダー（http://www.infosys.com/IT-services/application-services/Pages/applications-outsourcing-leader-Q1-2014.aspx）にランク付けされた。
＊Forrester Wave(TM): EMEA Applications Outsourcing Servicesの2014年第1四半期リポートでリーダー（http://www.infosys.com/IT-services/application-services/Pages/applications-outsourcing-leader-Q1-2014.aspx）にランク付けされた。
＊大手アナリスト企業のHfS Research2014 Enterprise Mobility Services Blueprint Reportで「Winner's Circle」（http://www.infosys.com/newsroom/press-releases/Pages/mobility-innovation-execution-report.aspx）入りした。
＊Northern Virginia Technology Council（NVTC）がInfosys ReachOutとInfosys Cloud Ecosystem Hubソリューションをワシントン・ポスト紙本社で開催されたDestination Innovationイベントに選んだ。
＊Infosys Finacleがアジア太平洋地域と西欧諸国でのFinacle販売実績でXCelent Customer Base Awardを受賞した。
＊Infosys FinacleがCEB TowerGroupのリポート「Core Banking Systems for the
Large Bank Market」によって「Best-in-Class」（http://www.infosys.com/newsroom/press-releases/Pages/product-management-operational-flexibility.aspx）プロバイダーにランク付けされた。
▽取締役の異動
取締役会はキャロル・M・ブラウナー（Carol M Browner）氏を同社取締役に追加任命した。ブラウナー氏の任命は、企業省から取締役識別番号（DIN）を受け取った日付で発効する。
キャロル・M・ブラウナー氏は、2009年から2011年にかけオバマ政権のホワイトハウスでエネルギー・気候変動政策補佐官を務めた。同氏はCenter for American Progressの上級フェロー、Albright Stonebridge Groupの弁護士を務めた。これ以前には、ブラウナー氏はクリントン政権時の1993年から2001年の間、環境保護局（EPA）長官を務め、EPA史上最も長く長官の職責を果たした。同氏はフロリダ大学と同大College of Lawを卒業した。ブラウナー氏は1991年から1993年にかけフロリダ州環境保護局長官を務めた。同氏はフロリダ州議会に勤め、ロートン・チャイルズ、アル・ゴア両連邦議会上院議員の議会アシスタントを務めた。同氏は非営利および民間企業のディレクター、アドバイザーとなり、その中には、Bunge Limited、Center for American Progressの取締役、League of Conservation Voters取締役会長、Harvest Power、Opowerのアドバイザー、Global Oceans Commissionコミッショナーなどがある。
N・R・ナラヤナ・ムルティ会長は「喜んでキャロル・ブラウナー氏を当社取締役会に歓迎する。環境政策および法律における同氏の世界的な専門的知識は米政府での素晴らしい貢献を含め、当社取締役会に豊富な経験をもたらしてくれる。同氏を追加任命することによって、当社取締役会の協議、審議の質が高まることになる」と述べ、ブラウナー氏を歓迎した。
▽インフォシス（Infosys）について
インフォシスはコンサルティング、テクノロジー、アウトソーシング各ソリューションのグローバルリーダーである。同社は30カ国余りのクライアントが、最先端ビジネス動向で一歩先んじて、競争をしのぐことを可能にする。同社は戦略的識見と優れた実行力を結合する共同開発の画期的ソリューションによって、変化する世界で組織を変革し努力するクライアントを支援する。
年間売上高82億米ドル、16万人余りを雇用しているインフォシス（NYSE:INFY）は、いかにしてBuilding Tomorrow’s Enterprise（登録商標）を目指しているかの詳細は以下のサイトを参照。
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)
March 31, 2014 March 31, 2013
ASSETS
Current assets
Cash and cash equivalents $4,331 $4,021
Available-for-sale financial assets 367 320
Investment in certificates of deposit 143 -
Trade receivables 1,394 1,305
Unbilled revenue 469 449
Derivative financial instruments 36 19
Prepayments and other current assets 440 391
Total current assets 7,180 6,505
Non-current assets
Property, plant and equipment 1,316 1,191
Goodwill 360 364
Intangible assets 57 68
Available-for-sale financial assets 208 72
Deferred income tax assets 110 94
Income tax assets 254 201
Other non-current assets 37 44
Total non-current assets 2,342 2,034
Total assets $9,522 $8,539
LIABILITIES AND EQUITY
Current liabilities
Trade payables $29 $35
Current income tax liabilities 365 245
Client deposits 6 6
Unearned revenue 110 152
Employee benefit obligations 159 113
Provisions 63 39
Other current liabilities 792 568
Total current liabilities 1,524 1,158
Non-current liabilities
Deferred income tax liabilities 11 23
Other non-current liabilities 54 27
Total liabilities 1,589 1,208
Equity
Share capital- `5 ($0.16) par value 600,000,000
equity shares authorized, issued and outstanding
571,402,566 each, net of 2,833,600 treasury shares
each as of March 31, 2014 and March 31, 2013,
respectively 64 64
Share premium 704 704
Retained earnings 8,892 7,666
Other components of equity (1,727) (1,103)
Total equity attributable to equity holders of the
company 7,933 7,331
Non-controlling interests - -
Total equity 7,933 7,331
Total liabilities and equity $9,522 $8,539
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
Three Three
months months Year ended Year ended
ended March ended March March 31, March 31,
31, 2014 31, 2013 2014 2013
Revenues $2,092 $1,938 $8,249 $7,398
Cost of sales 1,318 1,261 5,292 4,637
Gross profit 774 677 2,957 2,761
Operating expenses:
Selling and marketing
expenses 104 96 431 373
Administrative expenses 136 124 547 479
Total operating expenses 240 220 978 852
Operating profit 534 457 1,979 1,909
Other income, net 139 125 440 433
Profit before income taxes 673 582 2,419 2,342
Income tax expense 186 138 668 617
Net profit $487 $444 $1,751 $1,725
Other comprehensive income
Items that will not be reclassified
to profit or loss:
Re-measurement of the net defined
benefit liability/(asset) (10) - - -
Items that may be reclassified
subsequently to profit or loss:
Fair value changes on
available-for-sale
financial asset (3) 1 (17) 1
Exchange differences on translation
of foreign operations 237 74 (607) (404)
Total other comprehensive income,
net of tax $224 $75 ($624) ($403)
Total comprehensive
income $711 $519 $1,127 $1,322
Profit attributable to:
Owners of the company $487 $444 $1,751 $1,725
Non-controlling interests - - - -
$487 $444 $1,751 $1,725
Total comprehensive income
attributable to:
Owners of the company $711 $519 $1,127 $1,322
Non-controlling interests - - - -
$711 $519 $1,127 $1,322
Earnings per equity share
Basic ($) 0.85 0.78 3.06 3.02
Diluted ($) 0.85 0.78 3.06 3.02
Weighted average equity shares used
in computing earnings per equity
share
Basic 571,402,566 571,402,566 571,402,566 571,399,238
Diluted 571,402,566 571,402,566 571,402,566 571,400,091
（注）
1. 2014年3月31日現在の3カ月および1年間の無監査連結貸借対照表および包括利益連結計算書要旨は、2014年4月15日に開かれた取締役会で記載された。
2. 当社業績に関する概況報告者はウェブサイトhttp://www.infosys.comからダウンロードすることができる。
ファクトシート：
http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-fact-sheet.pdf
INRプレスリリース：
http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-IFRS-INR-press-release.pdf
▽問い合わせ先
Investor Relations
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91(80)4156-3373
Sarah_Gideon@Infosys.com
Tara Kozak-Lindsay, Golin Harris for Infosys
+1(212)373-6020
TKozakLindsay@GolinHarris.com
ソース：Infosys Ltd
Infosys (NYSE: INFY) Announces Results for the Quarter and Year ended March 31, 2014
PR56516
BANGALORE, India, Apr. 15 / PRN=KYODO JBN / -
FY 14 revenue growth doubled to 11.5% in USD terms;
Q4 operating margins expand 50 bps sequentially to 25.5%;
Dividend pay-out ratio increased to 40% of post-tax profits;
FY 15 revenues expected to grow 7%-9% in USD terms
Financial Highlights
Consolidated results under International Financial Reporting Standards
(IFRS) for the year and quarter ended March 31, 2014
(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )
Year ended March 31, 2014
Revenues were $ 8,249 million for the year ended March 31, 2014 YoY growth
was 11.5%
Net profit was $ 1,751 million for the year ended March 31, 2014 YoY growth
was 1.5%
Earnings per share $ 3.06 for the year ended March 31, 2014 YoY growth was
1.3%
Quarter ended March 31, 2014
Revenues were $2,092 million for the quarter ended March 31, 2014 QoQ
decline was 0.4%
YoY growth was 7.9%
Net profit was $487 million for the quarter ended March 31, 2014 QoQ growth
was 5.2%
YoY growth was 9.7%
Earnings per share was $0.85 for the quarter ended March 31, 2014 QoQ
growth was 4.9%
YoY growth was 9.0%
Liquid assets including cash and cash equivalents, available-for-sale
financial assets, certificates of deposits and government bonds were $5.0
billion as on March 31, 2014 versus $4.4 billion as on December 31, 2013 and
March 31, 2013
The Board of Directors recommended a final dividend of `43 per share for
fiscal 2014 (equivalent to final dividend of approx $0.72 per ADS at the
exchange rate of `60.00). The Register and Share Transfer Books of the Company
will be closed from May 31, 2014 to June 14, 2014 (both days inclusive)
The Company's current policy is to pay dividends up to 30% of post-tax
profits. The Board has decided to increase the dividend pay-out ratio to up to
40% of post-tax profits effective fiscal 2014
Other highlights:
Infosys and its subsidiaries added 50 clients during the quarter and 238
during the year
Gross addition of 10,997 employees during the quarter and 39,985 during the
year by Infosys and its subsidiaries
160,405 employees as on March 31, 2014 for Infosys and its subsidiaries
"I am pleased that we have been able to double our growth rate for the full
year compared to last year, though performance in the last quarter of FY 14 has
been disappointing." said S. D. Shibulal, CEO and Managing Director. "We have
guided for a revenue growth of 7%-9% next year and remain firmly focused on
building the growth momentum by making all the necessary investments in our
business."
"Our cash and cash equivalents crossed $5 billion during the quarter. We
have increased the dividend payout ratio to up to 40% of post-tax profits
effective FY 14 to enhance returns for our shareholders." said Rajiv Bansal,
Chief Financial Officer.
Outlook
The company's outlook (consolidated) for the fiscal year ending March 31,
2015, under IFRS is as follows:
Revenues are expected to grow 7%-9%
Business Highlights
- Large outsourcing agreements signed with enterprises across Energy,
Communications, Financial Services, Government and Healthcare sectors. Selected
by Volvo Cars as a strategic supplier to provide application development
services for its global operations. Won an outsourcing deal from a large
European bank to manage its overall Applications Portfolio.
- Extended our contract with District of Columbia to implement the next
phase of its health insurance marketplace (DC Health Link). This includes
modernizing its legacy eligibility system and additional health and social
programs.
- Engaged by a top healthcare solution provider to enhance its flagship
revenue cycle management product and help its customers comply with regulatory
requirements.
- Chosen by a French global manufacturing conglomerate to build an
Agricultural Research Tool for its coffee platform and help the company monitor
and report data around production and usage metrics.
- Signed a 3-year contract to extend digital marketing support worldwide
under a managed services model for a global grocery manufacturing and
processing conglomerate.
- Sustained business momentum across advanced technology solutions with 20
new deals signed for Cloud and Big Data offerings; 15 new deals signed for
mobility offerings and 12 new deals signed for Engineering Services.
- Continued expansion of Infosys Finacle(TM) globally with 7 new wins and
11 go-lives at banks across Europe, South America, Africa, Middle East and Asia
Pacific.
- Set up a 100 seat delivery center in Araraquara, Brazil to provide SAP
Application Management services to Citrosuco, the world's leading orange juice
producer.
- Commenced work on 4 new campuses in the Indian cities of Indore, Mohali,
Noida and Nagpur.
- Applied for 18 unique patent applications in India and the USA during the
fourth quarter, adding to a total of 541 patent applications undergoing various
stages of patent prosecution in India, the U.S. and other jurisdictions.
Granted 153 patents by the United States Patent and Trademark Office, 3 patents
by the Luxembourg Patent Office and 1 patent by the Australian Patent Office.
Awards and Recognition
- Ranked as a
- Leader
[
http://www.infosys.com/newsroom/press-releases/Pages/application-services-provider-leader.aspx
] in The Forrester Wave(TM): Oracle Application Services Providers,
Q1 2014 report
- Leader
[
] in The Forrester Wave(TM): North American Applications Outsourcing, Q1 2014
report
- Leader
[
]
in The Forrester Wave(TM): EMEA Applications Outsourcing Services, Q1
2014 report
- Inducted into the 'Winner's Circle' [
http://www.infosys.com/newsroom/press-releases/Pages/mobility-innovation-execution-report.aspx
] of the 2014 Enterprise Mobility Services Blueprint Report by leading analyst
firm HfS Research
- Infosys ReachOut and Infosys Cloud Ecosystem Hub solutions selected by
Northern Virginia Technology Council (NVTC) for their Destination Innovation
event at The Washington Post headquarters
- Infosys Finacle honored with the XCelent Customer Base Award for
Finacle's sales performance in Asia-Pacific and Western Europe
- Infosys Finacle rated as a 'Best-in-Class' [
http://www.infosys.com/newsroom/press-releases/Pages/product-management-operational-flexibility.aspx
] provider by CEB TowerGroup in its report titled 'Core Banking Systems for the
Large Bank Market'
Board Changes
The Board appointed Ms Carol M Browner as an Additional Director of the
Company. Her appointment shall be effective on the date Ms. Browner receives
her Director Identification Number from the Ministry of Corporate Affairs
Ms. Carol M. Browner served as Director of the White House Office of Energy
and Climate Change Policy in the Obama administration from 2009 to 2011. She
serves as a Distinguished Senior Fellow at the Center for American Progress and
as Counselor to the Albright Stonebridge Group. Ms. Browner previously served
as Administrator of the Environmental Protection Agency (EPA) during the
Clinton administration from 1993 to 2001 and was the longest-serving
administrator in the history of the EPA. She graduated from the University of
Florida and the University of Florida College of Law. Ms. Browner headed the
Florida Department of Environmental Regulation from 1991 to 1993. Earlier in
her career, she worked in the Florida House of Representatives and served as
legislative assistant to US Senators Lawton Chiles and Al Gore. She serves as
director and advisor to several non-profits and private companies, including as
director on the boards of Bunge Limited, Center for American Progress and as
chair of the Board for the League of Conservation Voters, as advisor to Harvest
Power and Opower, as Commissioner of the Global Oceans Commission.
Welcoming Ms. Browner, Chairman, Mr. N. R. Narayana Murthy said, "I am
delighted to welcome Ms. Carol Browner to our Board. Carol's global expertise
in environmental policy and law, including her distinguished service in the US
government, brings a wealth of experience to our Board. Carol's addition will
enrich the quality of debate and deliberation in our Board."
About Infosys Ltd
Infosys is a global leader in consulting, technology and outsourcing
solutions. We enable clients, in more than 30 countries, to stay a step ahead
of emerging business trends and outperform the competition. We help them
transform and thrive in a changing world by co-creating breakthrough solutions
that combine strategic insights and execution excellence.
Visit http://www.infosys.com [http://www.infosys.com/Pages/index.aspx ] to
see how Infosys (NYSE: INFY), with US$8.2 B in annual revenues and 160,000+
employees, is Building Tomorrow's Enterprise(R) today.
Safe Harbor
Certain statements in this release concerning our future growth prospects
are forward-looking statements regarding our future business expectations
intended to qualify for the 'safe harbor' under the Private Securities
Litigation Reform Act of 1995, which involve a number of risks and
uncertainties that could cause actual results to differ materially from those
in such forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and uncertainties
regarding fluctuations in earnings, fluctuations in foreign exchange rates, our
ability to manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in India, our
ability to attract and retain highly skilled professionals, time and cost
overruns on fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our ability to
manage our international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks or system failures, our
ability to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the companies in
which Infosys has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional conflicts,
legal restrictions on raising capital or acquiring companies outside India, and
unauthorized use of our intellectual property and general economic conditions
affecting our industry. Additional risks that could affect our future operating
results are more fully described in our United States Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the fiscal year
ended March 31, 2013 and on Form 6-K for the quarter ended December 31, 2013.
These filings are available at http://www.sec.gov. Infosys may, from time to
time, make additional written and oral forward-looking statements, including
statements contained in the company's filings with the Securities and Exchange
Commission and our reports to shareholders. In addition, please note that the
date of this press release is mentioned at the beginning of the release, and
any forward-looking statements contained herein are based on assumptions that
we believe to be reasonable as of this date. The company does not undertake to
update any forward-looking statements that may be made from time to time by or
on behalf of the company unless it is required by law.
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)
March 31, 2014 March 31, 2013
ASSETS
Current assets
Cash and cash equivalents $4,331 $4,021
Available-for-sale financial assets 367 320
Investment in certificates of deposit 143 -
Trade receivables 1,394 1,305
Unbilled revenue 469 449
Derivative financial instruments 36 19
Prepayments and other current assets 440 391
Total current assets 7,180 6,505
Non-current assets
Property, plant and equipment 1,316 1,191
Goodwill 360 364
Intangible assets 57 68
Available-for-sale financial assets 208 72
Deferred income tax assets 110 94
Income tax assets 254 201
Other non-current assets 37 44
Total non-current assets 2,342 2,034
Total assets $9,522 $8,539
LIABILITIES AND EQUITY
Current liabilities
Trade payables $29 $35
Current income tax liabilities 365 245
Client deposits 6 6
Unearned revenue 110 152
Employee benefit obligations 159 113
Provisions 63 39
Other current liabilities 792 568
Total current liabilities 1,524 1,158
Non-current liabilities
Deferred income tax liabilities 11 23
Other non-current liabilities 54 27
Total liabilities 1,589 1,208
Equity
Share capital- `5 ($0.16) par value 600,000,000
equity shares authorized, issued and outstanding
571,402,566 each, net of 2,833,600 treasury shares
each as of March 31, 2014 and March 31, 2013,
respectively 64 64
Share premium 704 704
Retained earnings 8,892 7,666
Other components of equity (1,727) (1,103)
Total equity attributable to equity holders of the
company 7,933 7,331
Non-controlling interests - -
Total equity 7,933 7,331
Total liabilities and equity $9,522 $8,539
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
Three Three
months months Year ended Year ended
ended March ended March March 31, March 31,
31, 2014 31, 2013 2014 2013
Revenues $2,092 $1,938 $8,249 $7,398
Cost of sales 1,318 1,261 5,292 4,637
Gross profit 774 677 2,957 2,761
Operating expenses:
Selling and marketing
expenses 104 96 431 373
Administrative expenses 136 124 547 479
Total operating expenses 240 220 978 852
Operating profit 534 457 1,979 1,909
Other income, net 139 125 440 433
Profit before income taxes 673 582 2,419 2,342
Income tax expense 186 138 668 617
Net profit $487 $444 $1,751 $1,725
Other comprehensive income
Items that will not be reclassified
to profit or loss:
Re-measurement of the net defined
benefit liability/(asset) (10) - - -
Items that may be reclassified
subsequently to profit or loss:
Fair value changes on
available-for-sale
financial asset (3) 1 (17) 1
Exchange differences on translation
of foreign operations 237 74 (607) (404)
Total other comprehensive income,
net of tax $224 $75 ($624) ($403)
Total comprehensive
income $711 $519 $1,127 $1,322
Profit attributable to:
Owners of the company $487 $444 $1,751 $1,725
Non-controlling interests - - - -
$487 $444 $1,751 $1,725
Total comprehensive income
attributable to:
Owners of the company $711 $519 $1,127 $1,322
Non-controlling interests - - - -
$711 $519 $1,127 $1,322
Earnings per equity share
Basic ($) 0.85 0.78 3.06 3.02
Diluted ($) 0.85 0.78 3.06 3.02
Weighted average equity shares used
in computing earnings per equity
share
Basic 571,402,566 571,402,566 571,402,566 571,399,238
Diluted 571,402,566 571,402,566 571,402,566 571,400,091
NOTE:
1. The unaudited Condensed Consolidated Balance sheets and Condensed
Consolidated
Statements of Comprehensive Income for the three months and year ended March
31, 2014 have
been taken on record at the Board meeting held on April 15, 2014
2. A Fact Sheet providing the operating metrics of the company can be
downloaded from
Fact Sheet:
http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-fact-sheet.pdf
INR Press Release:
http://multivu.prnewswire.com/prnehost/PIV680713-Infosys-IFRS-INR-press-release.pdf
Contact
Investor Relations
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91(80)4156-3373
Sarah_Gideon@Infosys.com
Tara Kozak-Lindsay, Golin Harris for Infosys
+1(212)373-6020
TKozakLindsay@GolinHarris.com
Source: Infosys Ltd
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