Statement of Comprehensive Income for three months ended,
(As per IFRS) In` crore, except share data
Particulars Sep 30, Growth (%) June 30, 2013 Growth %
Q2 14 over
Q1 14
2013 2012
Revenues 12,965 9,858 31.5 11,267 15.1
Cost of sales 8,384 6,102 37.4 7,319 14.6
Gross Profit 4,581 3,756 22.0 3,948 16.0
Operating Expenses:
Selling and marketing expenses 757 506 49.6 584 29.6
Administrative expenses* 987 653 51.1 700 41.0
Total Operating Expenses 1,744 1,159 50.5 1,284 35.8
Operating Profit 2,837 2,597 9.2 2,664 6.5
Other Income, net 510 706 (27.8) 577 (11.6)
Profit before income taxes 3,347 3,303 1.3 3,241 3.3
Income tax expense 940 934 0.6 867 8.4
Net Profit 2,407 2,369 1.6 2,374 1.4
Earnings per equity share #
Basic (`) 42.12 41.46 1.6 41.54 1.4
Diluted (`) 42.12 41.46 1.6 41.54 1.4
*Administrative expenses for the three months ended September 30, 2013 includes a provision of ` 219 crore towards visa
related matters.
# EPS for the three months ended September 30, 2013 is ` 45.96 per share, excluding the provision of ` 219 crore for
visa related matters. EPS for the three months ended September 30, 2013 is ` 42.12 per share, including the provision of
` 219 crores for visa related matters. The difference is ` 3.84 per share.
Statement of Comprehensive Income for six months ended,
(As per IFRS) In` crore, except share data
Particulars Sep 30, Growth (%)
2013 2012
Revenues 24,232 19,474 24.4
Cost of sales 15,703 11,912 31.8
Gross Profit 8,529 7,562 12.8
Operating Expenses:
Selling and marketing expenses 1,341 975 37.5
Administrative expenses* 1,687 1,297 30.1
Total Operating Expenses 3,028 2,272 33.3
Operating Profit 5,501 5,290 4.0
Other Income, net 1,087 1,182 (8.0)
Profit before income taxes 6,588 6,472 1.8
Income tax expense 1,807 1,814 (0.4)
Net Profit 4,781 4,658 2.6
Earnings per equity share#
Basic (`) 83.66 81.52 2.6
Diluted (`) 83.66 81.52 2.6
*Administrative expenses for the six months ended September 30, 2013 includes a provision of ` 219 crore towards visa
related matters.
# EPS for the six months ended September 30, 2013 is ` 87.50 per share, excluding the provision of ` 219 crore for visa
related matters. EPS for the six months ended September 30, 2013 is ` 83.66 per share, including the provision of ` 219
crores for visa related matters. The difference is ` 3.84 per share.
Statement of Comprehensive Income for three months ended,
(As per IFRS) in US $ million, except share data
Particulars Sep 30, Growth (%) June 30, 2013 Growth %
Q2 14 over
Q1 14
2013 2012
Revenues 2,066 1,797 15.0 1,991 3.8
Cost of sales 1,337 1,114 20.0 1,296 3.2
Gross Profit 729 683 6.7 695 4.9
Operating Expenses:
Selling and marketing expenses 120 92 30.4 103 16.5
Administrative expenses* 158 119 32.8 124 27.4
Total Operating Expenses 278 211 31.8 227 22.5
Operating Profit 451 472 (4.4) 468 (3.6)
Other Income, net 81 129 (37.2) 103 (21.4)
Profit before income taxes 532 601 (11.5) 571 (6.8)
Income tax expense 149 170 (12.4) 153 (2.6)
Net Profit 383 431 (11.1) 418 (8.4)
Earnings per equity share#
Basic ($) 0.67 0.75 (10.7) 0.73 (8.2)
Diluted ($) 0.67 0.75 (10.7) 0.73 (8.2)
*Administrative expenses for the three months ended September 30, 2013 includes a provision of $ 35 million towards visa
related matters.
# EPS for the three months ended September 30, 2013 is $0.73 per share, excluding the provision of $ 35 Million for visa
related matters. EPS for the three months ended September 30, 2013 is $ 0.67 per share, including the provision of $ 35
million for visa related matters. The difference is $ 0.06 per share.
Statement of Comprehensive Income for six months ended,
(As per IFRS) in US $ million, except share data
Particulars Sep 30, Growth (%)
2013 2012
Revenues 4,057 3,549 14.3
Cost of sales 2,633 2,173 21.2
Gross Profit 1,424 1,376 3.5
Operating Expenses:
Selling and marketing expenses 223 178 25.3
Administrative expenses* 282 237 19.0
Total Operating Expenses 505 415 21.7
Operating Profit 919 961 (4.4)
Other Income, net 184 216 (14.8)
Profit before income taxes 1,103 1,177 (6.3)
Income tax expense 302 330 (8.5)
Net Profit 801 847 (5.4)
Earnings per equity share#
Basic ($) 1.40 1.48 (5.4)
Diluted ($) 1.40 1.48 (5.4)
*Administrative expenses for the six moths ended September 30, 2013 includes a provision of $ 35 million towards visa
related matters.
# EPS for the six months ended September 30, 2013 is $ 1.46 per share, excluding the provision of $ 35 million for visa
related matters. EPS for the six months ended September 30, 2013 is $ 1.40 per share, including the provision of $ 35
million for visa related matters. The difference is $ 0.06 per share.
Revenue by Geographical Segment
(in %)
Quarter ended LTM
Sep 30, 2013 June 30, Sep 30, 2012 Sep 30, 2013 Sep 30, 2012
2013
North America 61.5 61.4 63.9 61.0 63.5
Europe 24.0 23.6 21.9 24.1 22.3
India 2.4 2.6 1.6 2.5 1.9
Rest of the world 12.1 12.4 12.6 12.4 12.3
Total 100.0 100.0 100.0 100.0 100.0
Revenue by Service Offering
(in %)
Quarter ended LTM
Sep 30, 2013 June 30, Sep 30, 2012 Sep 30, 2013 Sep 30, 2012
2013
Business IT Services 61.4 61.0 64.5 61.5 63.7
Application Development 16.0 15.7 17.0 15.8 17.0
Application Maintenance 19.1 19.3 21.4 19.6 21.3
Infrastructure Management Services 7.2 7.0 6.8 7.1 6.4
Testing Services 8.4 8.4 8.6 8.4 8.2
Product Engineering Services 3.3 3.2 3.4 3.2 3.5
Business Process Management 5.1 5.1 4.7 5.1 4.7
Others 2.3 2.3 2.6 2.3 2.6
Consulting, Package Implementation & Others 33.3 33.6 30.0 33.1 30.4
Products, Platforms and Solutions 5.3 5.4 5.5 5.4 5.9
Products 3.7 3.7 3.8 3.8 4.4
BPM Platform 1.2 1.2 1.3 1.2 1.2
Others 0.4 0.5 0.4 0.4 0.3
Total 100.0 100.0 100.0 100.0 100.0
Revenue by Project Type *
(in %)
Quarter ended LTM
Sep 30, 2013 June 30, Sep 30, 2012 Sep 30, Sep 30,
2013 2013 2012
Fixed Price 40.2 40.1 40.4 40.5 39.7
Time & Materials 59.8 59.9 59.6 59.5 60.3
Total 100.0 100.0 100.0 100.0 100.0
* Excluding products
Revenue by Industry
(in %)
Quarter ended LTM
Sep 30, 2013 June 30, 2013 Sep 30, Sep 30, 2013 Sep 30,
2012 2012
Insurance, Banking & 33.4 33.7 33.7 33.7 34.4
Financial
Services
Banking & financial 27.1 27.0 27.0 27.0 27.5
services
Insurance 6.3 6.7 6.7 6.7 6.9
Manufacturing 23.2 22.5 22.1 22.4 21.4
Retail & Life Sciences 24.2 24.7 24.0 24.2 23.5
Retail & CPG 15.7 15.8 17.0 15.7 16.2
Transport & Logistics 1.8 1.8 1.7 1.8 1.8
Life Sciences 4.6 4.7 3.9 4.7 3.9
Healthcare 2.1 2.4 1.4 2.0 1.6
Energy, Utilities, 19.2 19.1 20.2 19.7 20.7
Communications &
Services
Energy & Utilities 5.1 4.9 5.3 5.1 5.5
Telecom 8.3 8.5 9.9 8.9 10.0
Others 5.8 5.7 5.0 5.7 5.2
Total 100.0 100.0 100.0 100.0 100.0
Client Data
Quarter ended Year ended
Sep 30, 2013 June 30, 2013 Sep 30, 2012 Mar 31, 2013 Mar 31, 2012
Number of Clients
Active 873 836 715 798 694
Added during the period (gross) 68 66 39 235 172
Number of million dollar clients*
1 Million dollar + 469 466 413 448 399
5 Million dollar + 221 215 205 213 190
10 Million dollar + 146 139 134 137 132
20 Million dollar + 86 82 82 80 79
30 Million dollar + 66 64 61 62 64
40 Million dollar + 51 49 52 49 50
50 Million dollar + 40 41 40 40 40
60 Million dollar + 34 35 32 33 28
70 Million dollar + 30 29 22 28 23
80 Million dollar + 22 22 19 19 17
90 Million dollar + 17 17 14 17 16
100 Million dollar + 15 15 11 12 13
200 Million dollar + 3 3 3 3 2
300 Million dollar + - - - - 1
Client contribution to revenue
Top client 3.9% 3.9% 4.0% 3.8% 4.3%
Top 5 clients 15.0% 14.9% 16.0% 15.2% 15.5%
Top 10 clients 24.5% 24.0% 25.4% 24.6% 24.6%
Repeat business 98.3% 99.0% 98.2% 97.8% 97.8%
Account receivables-LTM(in days)# 62 65 65 64 60
*LTM (Last twelve months) Revenues
# excluding Lodestone
Effort and Utilization
(in %)
Quarter ended LTM
Sep 30, 2013 June 30, 2013 Sep 30, 2012 Sep 30, 2013 Sep 30,
2012
Effort
Onsite 25.6 26.0 24.3 25.4 24.6
Offshore 74.4 74.0 75.7 74.6 75.4
Revenue
Onsite 52.5 53.2 50.7 52.3 49.9
Offshore 47.5 46.8 49.3 47.7 50.1
Utilization
Including trainees 73.7 72.4 69.6 71.8 68.5
Excluding trainees 77.8 75.9 73.3 75.2 73.7
Person Months Data
Quarter ended LTM
Sep 30, 2013 June 30, 2013 Sep 30, 2012 Sep 30, 2013 Sep 30, 2012
Billed - Onsite 87,383 86,551 75,047 333,698 286,488
- Offshore 253,828 245,856 233,228 978,036 878,900
TOTAL 341,211 332,407 308,275 1,311,734 1,165,387
Non Billable 97,310 105,473 112,171 432,403 415,084
Trainee 24,670 21,486 22,619 83,316 121,938
Sales & Support 27,108 27,490 25,222 107,752 96,434
TOTAL 490,299 486,856 468,287 1,935,205 1,798,843
Consolidated IT Services
Quarter ended LTM
Sep 30, Sequential June 30, Sequential Sep 30, Sequential Sep 30, Year on Sep 30, Year on
2013 growth % 2013 growth % 2012 growth % 2013 Year 2012 Year
growth % growth %
Effort - (Person months)
Onsite 82,156 0.7 81,609 5.8 71,002 4.4 314,477 15.0 273,386 9.0
Offshore 181,107 4.3 173,691 3.3 165,195 3.6 690,335 8.4 636,672 9.7
Total 263,263 3.1 255,300 4.1 236,197 3.8 1,004,812 10.4 910,058 9.5
Revenue - ($ million)
Onsite 1,053.10 2.1 1,031.49 5.3 886.35 4.8 4,017.08 16.0 3,464.16 7.9
Offshore 807.42 6.1 761.35 0.9 734.95 2.2 3,084.71 5.3 2,928.74 8.2
Total 1,860.52 3.8 1,792.84 3.4 1,621.30 3.6 7,101.79 11.1 6,392.90 8.0
Employee Metrics
(Nos.)
Quarter ended Year ended
Sep 30, 2013 June 30, 2013 Sep 30, 2012 Mar 31, 2013 Mar 31, 2012
Total employees 1,60,227 1,57,263 1,53,761 1,56,688 1,49,994
S/W professionals 1,50,489 1,47,576 1,44,752 1,47,008 1,41,788
Billable 1,28,871 1,34,266 132,341 1,35,392 1,24,953
Banking product group 6,681 7,004 7,677 7,249 8,139
Trainees 14,937 6,306 4,734 4,367 8,696
Sales & Support 9,738 9,687 9,009 9,680 8,206
Gross addition 12,168 10,138 10,420 37,036 45,605
Of which lateral addition 3,806 3,008 3,656 16,781 14,966
Attrition 9,204 9,563 7,810 30,342 26,431
Net addition 2,964 575 2,610 6,694 19,174
Attrition % (LTM)* 17.3% 16.9% 15.0% 16.3% 14.7%
* Excluding subsidiaries
Employee Metrics - Subsidiaries (Nos.)
Quarter ended Year ended
Sep 30, 2013 June 30, 2013 Sep 30, Mar 31, Mar 31,
2012 2013 2012
Infosys BPO Limited - 26,834 26,207 22,918 24,634 20,523
consolidated
Infosys Technologies - - - - 674
(Australia) Pty. Ltd.*
Infosys Technologies (China) 3,067 3,032 3,047 3,073 3,092
Company Ltd.
Infosys Technologies S.De R.L. 835 824 719 797 631
De C. V., Mexico
Infosys Technologies (Sweden) 2 3 7 4 11
AB
Infosys Tecnologia DO Brasil 547 508 353 393 210
LTDA
Infosys Public Services Inc. 182 185 186 182 33
Infosys Technologies (Shanghai) 4 8 58 17 31
Company Ltd.
Lodestone Holding AG 1450 1307 - 1191 -
* Employees of Infosys Australia were transferred to Infosys Limited consequent to merger of its
operations with the parent company
Infrastructure (as on Sep 30, 2013)
Completed Work in progress Land acquired during
the Quarter (acres)
Built-up area (Sq. No. of seats Built-up area No. of seats
Ft.) (Sq. Ft.)
Bangalore 45,42,894 32,020 2,20,334 2,031 13.31
Bhubaneswar 8,79,721 3,974 5,34,767 4,320 -
Chandigarh 12,26,033 6,754 - - -
Chennai 37,29,216 22,530 5,31,458 3,070 0.38
Gurgaon 1,01,183 988 1,35,209 1,250 -
Hyderabad 35,00,477 17,628 14,53,077 8,296 -
Jaipur 4,52,139 4,412 4,04,106 4,000 -
Mangalore 13,25,369 6,885 11,51,400 4,800 0.19
Mysore (including ILI)* 94,18,459 11,792 20,95,037 3,864 -
Pune 54,67,202 32,384 13,53,967 4,315 -
Thiruvananthapuram 6,18,201 5,085 21,39,267 8,479 -
Global Centers 15,91,449 14,970 - - -
Total 3,28,52,343 1,59,422 1,00,18,622 44,425 13.88
*Infosys Leadership Institute
Subsidiaries Performance - Standalone financial statements
(US $ Mn)
Subsidiaries Quarter ended Year ended
Sep 30, 2013 June 30, 2013 Sep 30, 2012 Mar 31, 2013
Revenue Net Income Revenue Net Income Revenue Net Revenue Net
Income Income
Infosys BPO Limited 132.13 18.87 127.26 15.39 111.03 21.61 471.22 79.04
- consolidated
Infosys Technologies - 0.10 - 0.10 0.03 0.67 0.42 0.31
(Australia) Pty.
Ltd.*
Infosys Technologies 31.68 0.10 28.33 (0.94) 25.91 (1.57) 104.37 (1.88)
(China) Company
Limited
Infosys Technologies 10.51 0.87 9.07 0.58 7.78 0.44 30.12 (0.37)
S.de R.L. de C V.,
Mexico
Infosys Technologies 0.11 0.00 0.12 0.01 0.37 0.01 1.11 (0.01)
(Sweden) AB
Infosys Tecnologia 8.66 (2.27) 8.02 (1.56) 6.47 0.10 23.59 (3.11)
DO Brasil LTDA
Infosys Public 43.32 (2.18) 45.63 4.97 24.88 (0.77) 110.40 (1.90)
Services Inc.
Infosys Technologies - (0.36) - (0.36) 0.07 (0.38) 0.14 (2.85)
(Shanghai) Co Ltd
Lodestone Holding AG 98.13 1.21 90.67 1.88 - - 109.64 (0.90)
* Employees of Infosys Australia were transferred to Infosys Limited consequent to merger of its
operations with the parent company
Rupee Dollar Rate ( ` )
Quarter ended Year ended
Sep 30, 2013 June 30, Sep 30, 2012 Mar 31, 2013 Mar 31, 2012
2013
Period closing rate 62.61 59.39 52.86 54.29 50.88
Period average rate 62.77 56.56 54.85 54.54 48.10
Constant Currency Reporting
Reported revenues Q2 13 Q3 13 Q4 13 Q1 14 Q2 14
Revenue ($ mn) 1,797 1,911 1,938 1,991 2,066
Sequential growth % 2.6 6.3 1.4 2.7 3.8
YoY growth % 2.9 5.8 9.4 13.6 15.0
Constant currency - Q o Q Q2 13 Q3 13 Q4 13 Q1 14 Q2 14
Revenue ($ mn) 1,794 1,902 1,944 2,005 2,074
Sequential growth (%) 2.4 5.8 1.7 3.4 4.2
Constant currency - Y o Y Q2 13 Q3 13 Q4 13 Q1 14 Q2 14
Revenue ($ mn) 1,820 1,910 1,946 1,999 2,086
YoY growth (%) 4.2 5.8 9.9 14.1 16.1
Notes:
Basis of computation
1. Foreign exchange rates are as per FEDAI.
2. Average rates for major global currencies:
Average rate of USD Q2 13 Q3 13 Q4 13 FY 13 Q1 14 Q2 14
AUD 1.04 1.04 1.03 1.03 0.98 0.92
EURO 1.26 1.30 1.32 1.29 1.31 1.34
GBP 1.59 1.61 1.54 1.58 1.54 1.56
3. Proportion of revenues from major global currencies:
Revenue by currency Q2 13 Q3 13 Q4 13 FY 13 Q1 14 Q2 14
(%)
AUD 8.3 8.3 8.1 8.3 7.9 7.6
EURO 8.3 9.6 10.4 8.8 9.8 10.1
GBP 6.3 6.2 6.1 6.4 5.6 5.9
Q2 2014
Geographical segment - growth
North America grew by 3.9% sequentially and in constant currency.
Europe grew by 5.2% sequentially; and 3.8% in constant currency.
India declined by 2.5% sequentially; and grew by 6.2% in constant currency.
Rest of the world grew by 1.8% sequentially; and 6% in constant currency.
Industry segment - growth
FSI grew by 2.9% sequentially; and 3.9% in constant currency.
MFG grew by 6.8% sequentially; and 6.6% in constant currency.
RCL grew by 1.4% sequentially; and 1.2% in constant currency.
ECS grew by 4.7% sequentially; and 5.6% in constant currency.