2016年1月15日

インフォシス

インフォシスが第3四半期決算を発表、収益は米ドル換算で0.6%増

インフォシスが第3四半期決算を発表、収益は米ドル換算で0.6%増

AsiaNet 63100 (0062)

【バンガロール(インド)2016年1月14日PR Newswire=共同通信JBN】
インフォシス(NYSE:INFY)は14日、2015年12月31日までの第3四半期(Q3)決算を発表した。

*Q3の逐次収益の伸びは米ドル換算で0.6%増、恒常為替レートで1.1%増
*Q3の前年比(YoY)収益の伸びは米ドル換算で8.5%増、恒常為替レートで12.5%増
*2016会計年度のガイダンスは2015年12月31日の為替レートでは、恒常為替レートで12.8%-13.2%、米ドル換算で8.9%-9.3%増加
*取引の伸びは四半期比3.1%増
*人員は単独ベースで13.4%減
*grassroots innovation(草の根イノベーション)運動の採用継続とAikido提供

▽財務ハイライト
2015年12月31日までの四半期の国際財務報告基準(IFRS)に基づく連結決算

2015年12月31日までの四半期
*売上高は当四半期に24億700万ドル
*そのQoQ(前四半期比)の伸びは報告ベースで0.6%増、恒常為替レートで1.1%増
*そのYoYの伸びは報告ベースで8.5%増、恒常為替レートで12.5%増
*営業利益は当四半期に5億9900万ドル
*そのQoQの伸びは1.8%減
*そのYoYの伸びは1.2%増
*純益は当四半期に5億2400万ドル
*そのQoQの伸びは0.9%増
*そのYoYの伸びは0.4%増
*現金および現金相当物、売却可能な金融資産、政府債券を含む流動資産は、当四半期末で47億6500万ドル、2015年9月30日時点は48億9400万ドル

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

インフォシスのビシャル・シッカ最高経営責任者(CEO)兼マネジングディレクターは「われわれはインフォシスの社内に創造的な確信が開花しつつあることを知っている。それは、イノベーションは1部署に限られたものではなく、われわれすべての中にある能力であり、完全な創造的潜在能力が解き放たれるのを待っているというデビッド・ケリーの素晴らしいアイデアである。われわれは、インフォシスがイノベーターとなり、個々のプロジェクトにイノベーションとクライアントの価値をもたらすことを知っている。この確信は、学び力を付けるという社風からのみ生まれるものであり、これこそわれわれが創り出そうと努力している企業である。草の根イノベーションとともに、われわれはAikidoサービスを一層採用しようとしており、社員のスキルとイマジネーションを拡大するため、インテリジェントシステム、オートメーション、ソフトウエアの能力をもたらそうとしている。この組み合わせはこの四半期に伝統的な季節性とさらなる逆風があるにもかかわらず、心強い結果を生みだす支援となり、一貫して利益を生む成長に向けた当社戦略の遂行を強化する」と語った。

U・B・プラビン・ラオ社長兼最高執行責任者(COO)は「この四半期の取引の堅実な成長は勇気づけられる。労働日を減らし、追加の研修生への投資は、四半期の柔軟な価格決定と活用につながった。従業員の関与を重視する姿勢は、人員削減の中で利益を生んでいる。われわれは引き続き政策を簡素化し、社内に大きな機敏性を実現し、生産性の推進を目標にする」と語った。

M・D・ランガナト最高財務責任者(CFO)は「われわれは当初予想を上回って当四半期を乗り切ることができた。われわれは引き続きこれからの四半期に多くの方策を通じ、業務効率を強化することに注力していく」と述べた。

▽展望(注)
IFRSに基づく2016年3月31日までの会計年度の同社展望(連結)は以下の通り。

*売上高ガイダンスは恒常為替レートで12.8%-13.2%増
*売上高ガイダンスは2015年12月31日時点の為替レートに基づいて、米ドル換算で8.9%-9.3%増

(注)為替レート:AUD/USD – 0.73、Euro/USD – 1.09、GBP/USD – 1.48

▽投資と買収
*石油・天然ガスの最新情報管理コンサルティング・サービスの有力プロバイダーであるNoah Consulting, LLCの買収を完了
*エリート・スポーツチームに成果最適化システムを提供する初期段階企業WHOOPへの投資およびクラウド・マイグレーションとクラウドベースの障害復旧(DR)ソフトウエアを提供する新興企業CloudEndureへの投資

▽ビジネスハイライト
インフォシスは引き続きサービスの概念を再考する大きな機会があるとみており、ソフトウエアおよびプラットフォームとともに、最高の人的能力を持ち込み、われわれを取り巻く世界のデジタル化移行を推進する。

▽人工知能(AI)への投資
インフォシスは12月、人工知能(AI)を開発、前進させ、われわれすべての利益のために世界の最高のAI人材を寄せ集める非営利組織OpenAIに参加することを発表した。このイニシアチブは、同社が実行中のAIへの努力に重要な新次元を付加する。

▽クライアント関係の深さの強化
インフォシスはQ3において既存の大規模契約の更新、新たなアカウントの開設、4つの大きな取引契約を含め、主要クライアントとの関係を強化した。

鉄道輸送のグローバルリーダーであるALSTOMは、アプリケーション・エンジニアリング、開発、メンテナンスの次世代サービスに加え、ITコストの削減、ユーザー体験の改善、製品設計プロセスの効率向上に向けた製品ライフサイクル管理のためにインフォシスを指名した。

三菱航空機(MITAC)の主力機MRJ90は、処女テスト飛行を完了した。インフォシスは胴体構造の幾何的設計でMITACを支援し、オートメーションを通じて継続的な改良を行い、コストとサイクルタイムを削減した。

インドにあるメルセデス・ベンツの研究・開発センターはインフォシスと提携し、APAC地域の15カ国でデータセンター、ネットワークオペレーションの完璧な支援を行い、機敏性とオートメーションを強化し、業務コストを削減した。

▽Zero Distanceを通じたGrassroots Innovation(草の根イノベーション)を提供
すべてのプロジェクトでイノベーションを進め、すべての従業員がイノベーターになる力を付けるインフォシスのプログラムZero Distanceは、Q3でも成長を続けた。Q3末までにインフォシスのデリバリー組織の90%は、既存プロジェクトで何らかのイノベーションを達成し、作業指示書の目標を超えた。多くのクライアント調査で認められたように、同組織のイノベーションの割合は向上し、Zero Distanceは同社の最もインパクトのある魅力的な運動として従業員に対する意識調査で認められた。

TNTのService Delivery部門長のマシュー・ペギー氏は「われわれがインフォシスと提携してから12カ月、同社は一貫して対応し、期待を超えた。当社の複雑なアプリケーションに721以上のアプリをシームレスに移行する作業は、8カ国にわたり5500回のSMEセッションを通じインフォシスの手で行われ、提携関係の堅固な基盤の確立への支援となった。その後、Zero Distanceイニシアチブの一環として、インフォシスはTNTに付加価値を提供するため数え切れない機会を積極的に見つけてくれた。例えば、メッセージング・アプリに基づく当社のメーンフレームをモニターするために作成した非侵襲的オートメーションは、インシデントの早期探知と自動解明を可能にし、より高度なビジネスの安定性を与えた。双方向の視覚ダッシュボードの作成に基づき数多くの追加的な開発も進んでおり、それによってさらなるサービス向上と業務効率を進めることができる。われわれはインフォシスとの提携関係が当社事業にさらなる価値を提供するよう支援してくれると確信している」と語った。

▽Aikidoサービスを通じてイノベーションを推進
当社はあらゆる業界で当社のAikidoサービスを引き続き採用する。なぜなら、クライアントは自らのIT領域の秩序を乱さず(Ki)、新しいプラットフォームと技術を活用して新しい機会を開き(Ai)、Design Thinkingの能力を使って大きな問題解決の方法を見いだす(Do)ために当社の支援を望んでいるからである。

ノルウェーのDNB Bankは、アプリケーションの領域を変革するために当社を選択した。当社はAiKiDoを適用し、ノレッジベースの秩序を乱さないリニューアルを活用してDNB Bankのすべてのデータクラスター、データウエアハウジング・サービス、法令順守リポート、ERP機能を進化させる。当社はIT運用およびデータ処理の効率を向上させ、同銀行のデータクラスターにおいてDesign Thinkingを開発イニシアチブに提供する。

コメルツ銀行は複数年にわたるアプリケーション管理プログラムのために当社を選択し、銀行のポストトレード・ユーティリティーを開発し、Design Thinkingの原則とAiKiDoの枠組みを活用し、アプリケーション・アーキテクチャーを簡略化し、プロセスを標準化し向上させ、コスト効率を増進した。

▽Infosys Information Platform(IIP)は現時点で200件の契約を上回り、30件で製造中
ATPのマリー・シュワルツベルク上級副社長(IT・デジタルメディア担当)は「インフォシスがわれわれの提携にもたらした技術リーダーシップをうれしく思う。インフォシスが同社のオープンデータ分析プラットフォーム、すなわちInfosys Information Platform(IIP)を使ってBarclays World Tourファイナルで示したことは、テニスがファンやスポーツにとってはるかにエキサイティングであることを実証した。適時にゲーム展望の提供支援をする適切な考察を見つけるために大量のデータを分析することはATPにとって初めての経験だった。われわれはこのようなエキサイティングなイニシアチブをインフォシスとともに数多く開発し、すべての人がテニスの経験を考え直すことに寄与したい」と語った。

▽Infosys Automation Platform(IAP)は121件の契約を上回り、47件が製造中
ProximusのOperation Team Manager(販売・発注担当)であるエリック・ケイメス氏は「IAPは当社がドメイン発注において複数の複雑なプラットフォーム上、例えばOracle、Unix、さまざまなGUIで、大量のデータ処理を自動化することに役立つ。これは作業を大幅に軽減することに役立つとともに、従来のスクリプト作成に比べ短時間でプロダクション問題があった場合に膨大な訂正を行うことにも役立っている。Proximusにとって、追加費用なしで100万ユーロの節約ができたことを実感した。また、顧客に対しより優れたサービスを提供する上でも寄与しており、当社のKPIおよび政策決定タイムラインを向上させた。インフォシス・チームがこのアイデアを思いつき、Proximusと協力して、それを実装してくれたことを高く評価している」と語った。

▽Panaya、Skava、Edgeソフトウエア製品は引き続き大幅に採用される
北米の大手貨物鉄道BNSF RailwayはインフォシスのPanayaが持つ深いインパクト分析能力を活用して、同社のミッションクリティカルなSAPプラットフォームの週ごとの発表において、リスクベースのテスト、自動化されたテスト結果撮影、テストの加速化を導入した。

Skavaは世界中のクライアントから強い引き合いがあり、このプラットフォームを通じたブラックフライデー・ホリデーの週末トラフィックとモバイルコマース販売は前年比50%増を記録した。

EdgeVerve事業は勢いを保っており、FinacleおよびEdgeソリューションがさまざまな市場で24件の契約を獲得し、25件が稼働している。

現時点で151件以上のDesign Thinking契約がクライアントと成約し、6万9000人以上の雇員がDesign Thinkingでトレーニングを受けた。

AimiaのInternational Coalitionsのジャンピエール・リップス社長は「インフォシスはDesign Thinkingを使用した市場戦略およびロードマップでAimiaを支援してくれた。Design Thinkingは強力な効率的メソッドで、ほんの3日間でさまざまな部門で働くチームに集中的思考をもたらした。このアプローチによってAimiaは市場および顧客のコアニーズを判断できるようになるとともに、当社チームはその心を開き、あらかじめ決められたアイデアを押し付けるのではなく、創造的なソリューションを考えるようになった。われわれはその他のイニシアチブでもこのメソドロジーを活用していきたい」と語った。

▽賞および評価
Corporate Citizen of the Year Award’ at the Economic Times (ET) Awards 2015を受賞

ガートナーの2015年11月のMQ for Application Testing Services Worldwideでリーダーに指名された(注)

HfS Research IoT Services Blueprint Report 2015で「Winner’s Circle」の仲間入りをした

Everest Group調査でデジタル戦略の最も今日性があるブランドの1つに選ばれた

Worldwide PLM Strategic Consulting 2015でIDCによってリーダーに選ばれた

Finacle Mobile Bankingソリューションが「The Forrester Wave(TM):Mobile Banking Solutions, Q4 2015」リポートの中でForrester Reseach, Inc.によってリーダーに指名された

(注)ガートナーはその調査出版物に記載されたいかなるベンダー、製品、サービスも支持することはなく、最高の評価またはその他の指定を受けたベンダーのみを選択するよう技術ユーザーに助言することもない。ガートナーの調査出版物はガートナーの調査組織の意見で構成されており、事実の記述として解釈されるべきではない。ガートナーは商品性または特定目的のための適合性の保証を含め、明示的であれ暗示的であれ、この調査に関するすべての保証を拒否する。

▽取締役の異動
取締役会は1月14日、プニタ・クマール・シンハ(Punita Kumar Sinha)博士をIndependent Directorに即時発効で任命した。

キャロル・M・ブラウナー(Carol M. Browner)氏は2015年11月23日付で取締役を辞任した。取締役会は同氏が取締役として提供したサービスに対し深い感謝の意を記録した。

取締役会はジェフリー・S・レーマン(Jeffrey S. Lehman)教授を同社のIndependent Directorに4月14日付で任命することを提言した。任期は2年間で、2018年4月13日まで同役職を務め、ローテーションで辞任する義務はない。レーマン教授のIndependent Directorとしての現在の任期は2016年4月13日に満了する。この任命は株主の承認を必要とする。

▽事業を超えて
今四半期、インフォシスは企業の社会的責任(CSR)のために27億ルピーを計上し、この大半は同社慈善事業部門のInfosys Foundation(インフォシス財団)を通じて出資される。

第3四半期に、Infosys Foundation USAは幾つかの新規資金提供を行い、米国のすべての公立学校においてComputer Science Educationおよびプログラミングへのアクセスを拡大、これによって学生、とりわけ女性と過小評価されているマイノリティーの人々が将来の労働力に必要とされるデジタル技術を取得するために平等な利用機会を得ることができる。Computer Science Education Week 2015を祝って、財団は米国の非営利団体に5つの新規資金提供を行い、10以上のコンピューターサイエンス・ブートキャンプを開催した。

Infosys Science Foundation(ISF)は2015年11月13日、エンジニアリング・コンピューターサイエンス、ヒューマニティー、生命科学、数理科学、物理学、社会学のInfosys Prize 2015の6部門における優勝者を発表した。

▽インフォシス社(Infosys Ltd.)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、次世代サービスにおけるグローバルリーダーである。同社は、50カ国余りのクライアントが新興ビジネス動向で1歩先んじ、競争に打ち勝つことを可能にする。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、クライアントが変化する世界で変革し成功するよう支援する。

年間売上高92億米ドル、19万3000人余りを雇用しているインフォシス(NYSE:INFY)がいかにして企業の変革を支援するとともに、価値を生み出す新たな手段を創出しているかはウェブサイトhttp://www.infosys.com を参照。

▽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

Pilar Elvira Wolfsteller
+1 510 944 4596
Pilar.Wolfsteller@infosys.com


Infosys Limited and subsidiaries  

Unaudited Condensed Consolidated Interim Balance Sheets as of

                                 (Dollars in millions except equity share data)


                                         December 31, 2015        March 31, 2015

ASSETS
Current assets
Cash and cash equivalents                      4,455                   4,859
Available-for-sale financial assets               68                     140
Trade receivables                              1,641                   1,554
Unbilled revenue                                 450                     455
Prepayments and other current assets             747                     527
Derivative financial instruments                   8                      16
Total current assets                            7,369                  7,551
Non-current assets
Property, plant and equipment                   1,517                  1,460
Goodwill                                          560                    495
Intangible assets                                 157                    102
Investment in Associates                           16                     15
Available-for-sale financial assets               255                    215
Deferred income tax assets                         78                     85
Income tax assets                                 718                    654
Other non-current assets                          101                     38
Total non-current assets                        3,402                  3,064
Total assets                                   10,771                 10,615
LIABILITIES AND EQUITY
Current liabilities
Trade payables                                     20                    22
Derivative Financial Instruments                    1                    –
Current income tax liabilities                    448                   451
Client deposits                                     5                     4
Unearned revenue                                  211                   168
Employee benefit obligations                      192                   171
Provisions                                         73                    77
Other current liabilities                         980                   927
Total current liabilities                       1,930                 1,820
Non-current liabilities
Deferred income tax liabilities                    40                    25
Other non-current liabilities                      24                     8
Total liabilities                               1,994                 1,853
Equity
Share capital- `5 ($0.16) par value 2,400,000,000
(1,200,000,000) equity shares authorized, issued
and outstanding 2,285,619,380 (1,142,805,132), net
of 11,325,284 (5,667,200) treasury shares as of
December 31, 2015 (March 31, 2015), respectively   199                   109
Share premium                                      570                   659
Retained earnings                               10,550                10,090
Other reserves                                      –                     –
Other components of equity                      (2,542)               (2,096)
Total equity attributable to equity holders of the
company                                           8,777                8,762
Non-controlling interests                            –                   –
Total equity                                      8,777                8,762
Total liabilities and equity                     10,771               10,615


Infosys Limited and subsidiaries  

Unaudited Condensed Consolidated Interim Statements of
Comprehensive Income   
                    (Dollars in millions except share and per equity share data)


                             Three months Three months  Nine months  Nine months
                                   ended        ended        ended        ended
                             December 31, December 31, December 31, December 31,
                                   2015         2014         2015         2014

Revenues                           2,407        2,218        7,055        6,552
Cost of sales                      1,512        1,360        4,435        4,057
Gross profit                         895          858        2,620        2,495
Operating expenses:
Selling and marketing expenses       130          124          388          362
Administrative expenses              166          142          482          430
Total operating expenses             296          266          870          792
Operating profit                     599          592        1,750        1,703
Other income, net                    121          136          362          419
Share in associate’s profit / (loss    –            –            –            –
Profit before income taxes          720          728        2,112        2,122
Income tax expense                  196          206          593          607
Net profit                          524          522        1,519        1,515
Other comprehensive income
Items that will not be
reclassified to profit or loss:
Re-measurement of the net defined
benefit liability/(asset)            1          (2)          (1)          (6)

Items that may be reclassified
subsequently to profit or loss:
Fair value changes on
available-for-sale financial asse     1            8           3           16
Exchange differences on
translation of foreign operations    (69)        (169)       (448)        (428)
Total other comprehensive income,
net of tax                           (67)        (163)       (446)        (418)
Total comprehensive income           457          359        1,073        1,097

Profit attributable to:
Owners of the company                  524        522        1,519        1,515
Non-controlling interests             –            –            –            –
                                       524        522        1,519        1,515
Total comprehensive income
attributable to:
Owners of the company                  457        359        1,073        1,097
Non-controlling interests              –            –          –            –
                                       457        359        1,073        1,097
Earnings per equity share
Basic ($)                             0.23         0.23       0.66         0.66
Diluted ($)                           0.23         0.23       0.66         0.66
Weighted average equity shares
used in computing earnings per
equity share

Basic                     2,285,619,380 2,285,610,264 2,285,614,573 2,285,610,264


Diluted                   2,285,732,052 2,285,654,792 2,285,715,960 2,285,630,846

脚注
1.2015年12月31日まで3カ月、および9カ月の監査されていない中間要約連結貸借対照表と中間要約連結包括利益計算書は、2016年1月14日に行われた取締役会で記録された。

2.当社の業務メトリックスに関する概況報告書はwww.infosys.com からダウンロードすることができる。

3.2016年1月15日の特別配当株発行により、前期の株式勘定と1株当たり利益(EPS)は修正されている。

IFRS-INR Press Release:
http://multivu.prnewswire.com/prnehost/Q3-2016-IFRS-INR.pdf

ファクトシート: http://multivu.prnewswire.com/prnehost/Q3-2016-fact-sheet.pdf

ソース:Infosys


Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2015

PR63100

BANGALORE, Jan. 14 /PRNewswire=KYODO JBN/ —

Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2015

BANGALORE, January 14, 2016 /PRNewswire/ —

Q3 sequential revenue growth at 0.6% in USD terms and 1.1% in constant currency

Q3 yoy revenue growth at 8.5% in USD terms and 12.5% in constant currency

FY 16 revenue guidance increased to 12.8%-13.2% in constant currency and
8.9%-9.3% in USD terms on Dec 31st, 2015 exchange rates

Volume growth at 3.1% quarter on quarter

Attrition declined to 13.4% on standalone basis  

Continued adoption of grassroots innovation and Aikido offerings

Financial Highlights:  

Consolidated results under International Financial Reporting Standards (IFRS)
for the quarter ended December 31, 2015

Quarter ended December 31, 2015

Revenues were $ 2,407 million for the quarter ended December 31, 2015
QoQ growth was 0.6% in reported terms; 1.1% in constant currency terms
YoY growth was 8.5% in reported terms; 12.5% in constant currency terms  
Operating profit was $ 599 million for the quarter ended December 31, 2015
QoQ growth was (1.8%)
YoY growth was 1.2%
Net profit was $ 524 million for the quarter ended December 31, 2015
QoQ growth was 0.9%
YoY growth was 0.4%
Earnings per share (EPS) was $ 0.23 for the quarter ended December 31, 2015
QoQ growth was 0.9%
YoY growth was 0.4%
Liquid assets including cash and cash equivalents, available-for-sale financial
assets and government bonds were $4,765 million as on December 31, 2015 as
compared to $4,894 million as on September 30, 2015

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


"We are starting to see creative confidence blossoming within Infosys – David
Kelley’s beautiful idea that innovation is not specific to one department but
is an ability within all of us, waiting to unleash our full creative potential.
We are seeing Infoscions becoming innovators, bringing innovation and client
value to each individual project. This confidence can only come from a culture
of learning and empowerment, and this is the kind of company we are endeavoring
to create," said Dr. Vishal Sikka, CEO and MD. "Alongside grassroots
innovation, we continue to see growing adoption of our Aikido services,
bringing the power of intelligent systems, automation and software to amplify
the skills and imaginations of our people. This combination helped us deliver
encouraging results despite the traditional seasonality of the quarter and the
additional headwinds, and will strengthen the execution of our strategy towards
consistent profitable growth."

"The healthy volume growth this quarter has been encouraging. The lesser
working days and our investments into additional trainees resulted in softer
pricing and utilization for the quarter," said U B Pravin Rao, President & COO.
"Our continued focus on employee engagement is paying dividends resulting in
lower attrition. We continue to simplify our policies and enable greater
agility within the company, with the goal of boosting our productivity."

"We have been able to navigate the quarter, better than our earlier
expectations," said M.D. Ranganath, CFO. "We will continue to focus on
enhancing operational efficiency through multiple levers in the coming
quarters."

Outlook*

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

Revenue guidance increased to 12.8%-13.2% in constant currency;
Revenue guidance increased to 8.9%-9.3% in USD terms based on the exchange
rates as of Dec 31st, 2015*

*Conversion: AUD/USD – 0.73; Euro/USD – 1.09; GBP/USD – 1.48

Investments and Acquisitions:  

Completed the acquisition of Noah Consulting, LLC, a leading provider of
advanced information management consulting services for the oil and gas
industry.
Invested in WHOOP, an early stage company that offers a performance
optimization system for elite professional sports teams, and invested in
CloudEndure, a startup that provides Cloud Migration and Cloud-based Disaster
Recovery (DR) software.

Business Highlights:  

We continue to see a great opportunity to rethink the notion of services –
bringing the best of human potential together with software and platforms, to
drive the digital transformation of the world around us.

Investing in Artificial Intelligence

In December, we announced our participation in OpenAI, a non-profit
organization dedicated to developing and advancing Artificial Intelligence,
bringing the best AI talent in the world together in the interest of all of
us.  This initiative adds an important new dimension to our ongoing efforts in
AI.  

Increasing the Depth of Client Relationships

In Q3, we strengthened relationships with key clients, including renewing
existing large scale contracts, opening new accounts and signing four large
deals.

ALSTOM, a global leader in rail transport, selected us for next-generation
services in application engineering, development and maintenance, in addition
to product lifecycle management to reduce IT costs, improve user experience,
and increase the efficiency of the product design process.
MRJ90, the flagship aircraft of the Mitsubishi Aircraft Corporation, Japan
(MITAC) recently completed its maiden test flight. We helped MITAC in the
mechanical design of fuselage structures, delivered continuous improvements
through automation, and reduced both the cost and cycle time.
Mercedes Benz Research and Development Center, India, has partnered with us to
run their complete datacenter and network operations support in 15 countries
across the APAC region, increasing agility and automation and reducing cost of
operations.

Delivering Grassroots Innovation through Zero Distance

Zero Distance, our program to drive innovation in every project, empowering all
employees to be innovators, continued to grow in Q3. By the end of Q3, 90% of
our delivery organization had done something innovative in an existing project,
beyond the statement of work.  As recognized in many client surveys the
innovation quotient of the organization has improved and zero distance has been
recognized in employee surveys as the most impactful and engaging movement in
the company.

Matthew Pegge, Head of Service Delivery, TNT, said, "In the 12 months since we
partnered with Infosys, they have consistently met or exceeded expectations. A
seamless transition of over 721 applications in our complex application
landscape, delivered by Infosys across 8 countries through more than 5500 SME
sessions has helped establish a solid foundation for the partnership. Then as
part of their Zero Distance initiative, Infosys pro-actively identified
numerous opportunities to deliver additional value to TNT. For example, the
non-invasive automation created for monitoring our mainframe based messaging
app is enabling earlier detection and automated resolution of incidents – thus
giving higher business stability. There are a number of additional developments
in progress based around creating an ‘interactive visibility dashboard’ which
will provide the business with greater insight to enable them to drive further
service improvements and operational efficiencies. We are confident that our
partnership with Infosys will help us deliver even more value for our business."

Driving Innovation through Aikido Service Offerings

We are seeing continued adoption of our Aikido service offerings across all
industries, as clients look to us to help renew their IT landscapes
non-disruptively (Ki); leverage new platforms and technologies to open new
opportunities (Ai); and bring the power of Design Thinking to find the great
problems to solve (Do).

DNB Bank of Norway selected us to transform their application landscape.
Applying AiKiDo, we will leverage knowledge-based non-disruptive renewal to
evolve DNB Bank’s entire data cluster, data warehousing services, regulatory
reporting, and ERP functions. We will improve efficiencies in IT operations and
data processing, and apply Design Thinking to development initiatives in the
bank’s data cluster.
Commerzbank chose us for a multi-year application management program to develop
a post trade utility for the bank, leveraging principles of Design Thinking and
the AiKiDo framework to simplify application architecture, standardize and
improve processes, and drive cost efficiency.

Infosys Information Platform (IIP) surpassed 200 engagements to date, with 30
in production.

Murray Swartzberg, Sr. VP IT and Digital Media, ATP, said, "We’re delighted
with the technology leadership that Infosys has brought to our partnership.
What Infosys demonstrated at the Barclays World Tour finals using their open
data analytics platform – Infosys Information Platform (IIP) – made tennis so
much more exciting for our fans and sport. Analyzing such huge volumes of data
to find the right insights that helped deliver in-time foresight into the game
was a first for ATP. We look forward to developing many such exciting
initiatives, along with Infosys, to help reimagine the experience of tennis for
us all."

Infosys Automation Platform (IAP) surpassed 121 engagements with 47 in
production.

Eric Keimes, Operations Team Manager (Selling & Ordering), Proximus said, "IAP
helped us to automate bulk processing of data over multiple complex platforms
in the ordering domain eg: Oracle, Unix, different GUI’s. This has helped us
reduce significant effort, it has also helped us perform massive corrections in
cases of production issues in a shorter time compared to traditional scripting.
We have realized a saving of EUR 1 million with no additional cost to Proximus. It
has helped us in better servicing towards our customers, improving our KPI’s
and resolution timeliness. I appreciate the Infosys team to have come up with
this idea and collaborating with Proximus to have it implemented."

Panaya, Skava & Edge software products continue to see strong adoption.

BNSF Railway, a leading North American freight railroad, leveraged Infosys
Panaya’s deep impact analysis capabilities to adopt risk-based testing,
automated test evidence capture and test acceleration during weekly releases
for its mission-critical SAP platform.
Skava is seeing strong traction with clients across geographies, with a record
Black Friday holiday weekend- traffic and m-commerce sales through the platform
were up by 50% from last year.
The EdgeVerve business sustained momentum with 24 wins and 25 go-lives for both
the Finacle and Edge suite of solutions across various markets.

We have had more than 151 Design Thinking engagements with clients to date, and
more than 69,000 employees have been trained in Design Thinking.

Jan-Pieter Lips, President, International Coalitions, Aimia, said, "Infosys
helped Aimia with a market strategy and roadmap leveraging Design Thinking. It
was a powerful and effective method to bring convergent thinking across our
cross functional team in just three days. The approach helped Aimia to evaluate
the core needs of a market and its consumers and helped open the minds of our
team to think of creative solutions rather than pushing predetermined ideas. We
look forward to leveraging this methodology in other initiatives."

Awards and Recognition:  

Awarded the ‘Corporate Citizen of the Year Award’ at the Economic Times (ET)
Awards 2015.
Positioned as a Leader in Gartner’s November 2015 MQ for Application Testing
Services Worldwide.*
Inducted into the ‘Winner’s Circle’ in the HfS Research IoT Services Blueprint
Report 2015.
Named one of the most relevant brands for digital strategy in Everest Group
survey.
Named as a Leader by IDC in its Worldwide PLM Strategic Consulting 2015 report
Finacle Mobile Banking solution named a leader by Forrester Research, Inc. in
‘The Forrester Wave(TM) Mobile Banking Solutions, Q4 2015’ report.

*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 or other designation. Gartner research
publications consist of the opinions of Gartner’s research organization and
should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose.

Board Changes:

On January 14, 2016, the Board appointed Dr. Punita Kumar Sinha as an
Independent Director with immediate effect

Ms. Carol M. Browner resigned as Member of the Board effective November 23,
2015. The Board placed on record its deep sense of appreciation for the
services rendered by her during her tenure as a Director

The Board recommended the reappointment of Prof. Jeffrey S. Lehman, Independent
Director of the Company for a term of two years with effect from April 14, 2016
to hold office upto April 13, 2018, and not be liable to retire by rotation.
Prof. Lehman’s current term of office as an Independent Director expires on
April 13, 2016. The appointment is subject to the approval of the shareholder

Beyond Business:

For this fiscal, Infosys has pledged `270 crore towards Corporate Social
Responsibility (CSR) that is primarily being carried out through the Infosys
Foundation, its philanthropic arm.

In Q3, continuing on its mission, Infosys Foundation USA awarded several new
grants that broaden access to Computer Science Education and coding across all
US public schools so that students – especially women and those belonging to
under-represented minorities – have equal access to acquire the digital skills
needed by the workforce of tomorrow. To celebrate the Computer Science
Education Week 2015, the Foundation awarded five new grants to non-profits
across America and hosted 10+ computer science boot camps.  

On November 13, 2015, The Infosys Science Foundation (ISF) announced the
winners of the Infosys Prize 2015 across six categories: Engineering and
Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical
Sciences and Social Sciences.

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$ 9.2 billion in
LTM revenues and 193,000+ 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
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. 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 January 14, 2016, and any
forward-looking statements contained herein are based on assumptions that we
believe to be reasonable as of this date. The company does not undertake to
update any forward-looking statements that may be made from time to time by or
on behalf of the company unless it is required by law.



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

Pilar Elvira Wolfsteller
+1 510 944 4596
Pilar.Wolfsteller@infosys.com


Infosys Limited and subsidiaries  

Unaudited Condensed Consolidated Interim Balance Sheets as of

                                 (Dollars in millions except equity share data)


                                         December 31, 2015        March 31, 2015

ASSETS
Current assets
Cash and cash equivalents                      4,455                   4,859
Available-for-sale financial assets               68                     140
Trade receivables                              1,641                   1,554
Unbilled revenue                                 450                     455
Prepayments and other current assets             747                     527
Derivative financial instruments                   8                      16
Total current assets                            7,369                  7,551
Non-current assets
Property, plant and equipment                   1,517                  1,460
Goodwill                                          560                    495
Intangible assets                                 157                    102
Investment in Associates                           16                     15
Available-for-sale financial assets               255                    215
Deferred income tax assets                         78                     85
Income tax assets                                 718                    654
Other non-current assets                          101                     38
Total non-current assets                        3,402                  3,064
Total assets                                   10,771                 10,615
LIABILITIES AND EQUITY
Current liabilities
Trade payables                                     20                    22
Derivative Financial Instruments                    1                    –
Current income tax liabilities                    448                   451
Client deposits                                     5                     4
Unearned revenue                                  211                   168
Employee benefit obligations                      192                   171
Provisions                                         73                    77
Other current liabilities                         980                   927
Total current liabilities                       1,930                 1,820
Non-current liabilities
Deferred income tax liabilities                    40                    25
Other non-current liabilities                      24                     8
Total liabilities                               1,994                 1,853
Equity
Share capital- `5 ($0.16) par value 2,400,000,000
(1,200,000,000) equity shares authorized, issued
and outstanding 2,285,619,380 (1,142,805,132), net
of 11,325,284 (5,667,200) treasury shares as of
December 31, 2015 (March 31, 2015), respectively   199                   109
Share premium                                      570                   659
Retained earnings                               10,550                10,090
Other reserves                                      –                     –
Other components of equity                      (2,542)               (2,096)
Total equity attributable to equity holders of the
company                                           8,777                8,762
Non-controlling interests                            –                   –
Total equity                                      8,777                8,762
Total liabilities and equity                     10,771               10,615


Infosys Limited and subsidiaries  

Unaudited Condensed Consolidated Interim Statements of
Comprehensive Income   
                    (Dollars in millions except share and per equity share data)


                             Three months Three months  Nine months  Nine months
                                   ended        ended        ended        ended
                             December 31, December 31, December 31, December 31,
                                   2015         2014         2015         2014

Revenues                           2,407        2,218        7,055        6,552
Cost of sales                      1,512        1,360        4,435        4,057
Gross profit                         895          858        2,620        2,495
Operating expenses:
Selling and marketing expenses       130          124          388          362
Administrative expenses              166          142          482          430
Total operating expenses             296          266          870          792
Operating profit                     599          592        1,750        1,703
Other income, net                    121          136          362          419
Share in associate’s profit / (loss    –            –            –            –
Profit before income taxes          720          728        2,112        2,122
Income tax expense                  196          206          593          607
Net profit                          524          522        1,519        1,515
Other comprehensive income
Items that will not be
reclassified to profit or loss:
Re-measurement of the net defined
benefit liability/(asset)            1          (2)          (1)          (6)

Items that may be reclassified
subsequently to profit or loss:
Fair value changes on
available-for-sale financial asse     1            8           3           16
Exchange differences on
translation of foreign operations    (69)        (169)       (448)        (428)
Total other comprehensive income,
net of tax                           (67)        (163)       (446)        (418)
Total comprehensive income           457          359        1,073        1,097

Profit attributable to:
Owners of the company                  524        522        1,519        1,515
Non-controlling interests             –            –            –            –
                                       524        522        1,519        1,515
Total comprehensive income
attributable to:
Owners of the company                  457        359        1,073        1,097
Non-controlling interests              –            –          –            –
                                       457        359        1,073        1,097
Earnings per equity share
Basic ($)                             0.23         0.23       0.66         0.66
Diluted ($)                           0.23         0.23       0.66         0.66
Weighted average equity shares
used in computing earnings per
equity share

Basic                     2,285,619,380 2,285,610,264 2,285,614,573 2,285,610,264


Diluted                   2,285,732,052 2,285,654,792 2,285,715,960 2,285,630,846


   

NOTE:  

1. The unaudited Condensed Consolidated interim Balance sheets and Condensed
Consolidated interim Statements of Comprehensive Income for the three months
and nine months ended December 31, 2015 have been taken on record at the Board
meeting held on January 14, 2016  

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 Jun-15

IFRS-INR Press Release:
http://multivu.prnewswire.com/prnehost/Q3-2016-IFRS-INR.pdf

Fact Sheet: http://multivu.prnewswire.com/prnehost/Q3-2016-fact-sheet.pdf

SOURCE: Infosys