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Fact Sheet

Consolidated Financial Data - Second Quarter, Fiscal 2016

Statement of Comprehensive Income for three months ended,


(As per IFRS)

In ` crore, except share data

Sep 30,
Particulars

Growth (%)

June 30, 2015

Growth %
Q2 16 over
Q1 16

17.2

14,354

8.9

2015

2014

15,635

13,342

Cost of sales

9,724

8,201

18.6

9,123

6.6

Gross Profit

5,911

5,141

15.0

5,231

13.0

843

769

9.6

820

2.8

Revenues

Operating Expenses:
Selling and marketing expenses
Administrative expenses

1,075

889

20.9

964

11.5

Total Operating Expenses

1,918

1,658

15.7

1,784

7.5

Operating Profit

3,993

3,483

14.7

3,447

15.9

793

877

(9.6)

758

4.6

(1)

Profit before income taxes

4,785

4,360

9.7

4,205

13.8

Income tax expense

1,387

1,264

9.7

1,175

18.0

Net Profit

3,398

3,096

9.8

3,030

12.1

14.87

13.55

9.8

13.26

12.1

Diluted (`)
14.87
13.55
9.8
13.26
Note Previous period EPS numbers have been restated due to issue of bonus shares in Dec-14 and Jun-15

12.1

Other Income, net


Share in associate's profit/(loss)

Earnings per equity share


Basic (`)

Statement of Comprehensive Income for six months ended,


(As per IFRS)
Particulars

In ` crore, except share data

Sep 30,
2015
29,989
18,847
11,142

2014
26,112
16,247
9,865

Revenues
Cost of sales
Gross Profit
Operating Expenses:
Selling and marketing expenses
1,663
1,435
Administrative expenses
2,038
1,736
Total Operating Expenses
3,701
3,171
Operating Profit
7,441
6,694
Other Income, net
1,551
1,706
Share in associate's profit/(loss)
(1)
Profit before income taxes
8,991
8,400
Income tax expense
2,562
2,418
Net Profit
6,429
5,982
Earnings per equity share
Basic (`)
28.13
26.17
Diluted (`)
28.13
26.17
Note Previous period EPS numbers have been restated due to issue of bonus shares in Dec-14 and Jun-15

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Page 1 of 7

Growth (%)
14.8
16.0
12.9
15.9
17.4
16.7
11.2
(9.1)
7.0
6.0
7.5
7.5
7.5

Fact Sheet
Consolidated Financial Data - Second Quarter, Fiscal 2016

Statement of Comprehensive Income for three months ended,


(As per IFRS)

In US $ million, except share data

Sep 30,
Particulars

Growth (%)

June 30, 2015

Growth %
Q2 16 over
Q1 16
6.0

2015

2014

Revenues

2,392

2,201

8.7

2,256

Cost of sales

1,488

1,353

10.0

1,434

3.8

Gross Profit

904

848

6.6

822

10.0

Selling and marketing expenses

129

127

1.6

129

Administrative expenses

165

146

13.0

152

8.6

Total Operating Expenses

294

273

7.7

281

4.6

Operating Profit

610

575

6.2

541

12.7

Other Income, net

121

144

(16.0)

119

1.7

Profit before income taxes

731

719

1.7

660

10.8

Income tax expense

212

208

1.9

184

15.2

Net Profit

519

511

1.6

476

9.1

0.23

0.22

1.6

0.21

9.1

Diluted ($)
0.23
0.22
1.6
0.21
Note Previous period EPS numbers have been restated due to issue of bonus shares in Dec-14 and Jun-15

9.1

Operating Expenses:

Share in associate's profit/(loss)

Earnings per equity share


Basic ($)

Statement of Comprehensive Income for six months ended,


(As per IFRS)

In US $ million, except share data

Revenues

Sep 30,
2015
4,647

2014
4,334

Cost of sales

2,922

2,697

8.3

Gross Profit

1,725

1,637

5.4

Selling and marketing expenses

258

238

8.4

Administrative expenses

316

288

9.7

Total Operating Expenses

574

526

9.1

1,151

1,111

3.6

240

283

(15.2)

Particulars

Growth (%)
7.2

Operating Expenses:

Operating Profit
Other Income, net
Profit before income taxes

1,391

1,394

(0.2)

Income tax expense

396

401

(1.2)

Net Profit
Earnings per equity share

995

993

0.2

0.44

0.43

0.2

Diluted ($)
0.44
0.43
Note Previous period EPS numbers have been restated due to issue of bonus shares in Dec-14 and Jun-15

0.2

Basic ($)

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Page 2 of 7

Fact Sheet
Consolidated Financial Data - Second Quarter, Fiscal 2016

Revenues by Geographical Segment


(In %)
Quarter ended

LTM

Sep 30, 2015

June 30, 2015

Sep 30, 2014

Sep 30, 2015

Sep 30, 2014

North America

63.3

63.2

60.8

62.7

60.3

Europe

22.9

22.4

24.7

23.1

24.8

2.3

2.2

2.2

2.4

2.5

India
Rest of the world
Total

11.5

12.2

12.3

11.8

12.4

100.0

100.0

100.0

100.0

100.0

Revenues by Service Offering


(in %)
Quarter ended

LTM

Sep 30, 2015

June 30, 2015

Sep 30, 2014

Sep 30, 2015

Sep 30, 2014

62.3
14.0
19.6
8.7
9.0
3.3
4.9
2.8
32.8
4.9
2.8
1.0
1.1
100.0

62.3
14.0
19.9
8.3
8.9
3.5
5.0
2.7
32.8
4.9
3.2
1.0
0.7
100.0

63.0
16.1
18.9
7.9
9.4
3.4
5.1
2.2
32.4
4.6
2.9
1.2
0.5
100.0

62.4
14.3
19.7
8.3
9.0
3.4
5.1
2.6
32.7
4.9
3.1
1.0
0.8
100.0

62.4
15.8
19.1
7.5
9.2
3.3
5.3
2.2
32.6
5.0
3.3
1.2
0.5
100.0

Business IT Services
Application Development
Application Maintenance
Infrastructure Management Services
Testing Services
Product Engineering Services
Business Process Management
Others
Consulting, Package Implementation & Others
Products, Platforms and Solutions
Products
BPM Platform
Others
Total

Revenues by Project Type *


(in %)

Fixed Price
Time & Materials
Total
* Excluding products

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Page 3 of 7

Quarter ended
Sep 30, 2015
June 30, 2015
44.0
42.4

Sep 30, 2014


41.4

LTM
Sep 30, 2015
43.3

Sep 30, 2014


41.0

56.0

57.6

58.6

56.7

59.0

100.0

100.0

100.0

100.0

100.0

Fact Sheet
Consolidated Financial Data - Second Quarter, Fiscal 2016

Revenues by Industry
(in %)

Banking & Financial Services,


Insurance
Banking & financial services

Sep 30, 2015

Quarter ended
June 30, 2015

LTM
Sep 30, 2015

Sep 30, 2014

32.8

33.1

32.8

33.1

33.3

Sep 30, 2014

27.2

27.1

26.8

27.1

27.2

Insurance

5.6

6.0

6.0

6.0

6.1

Manufacturing

23.8

24.0

23.3

23.8

23.1

Retail & Life Sciences

24.6

24.1

23.4

24.0

23.9

Retail & CPG

14.9

15.0

15.3

15.0

15.7

Transport & Logistics

1.9

1.5

1.5

1.6

1.6

Life Sciences

5.9

5.6

4.7

5.5

4.7

Healthcare

1.9

2.0

1.9

1.9

1.9

18.8

18.8

20.5

19.1

19.7

Energy & Utilities

4.7

4.2

5.5

4.6

5.3

Telecom

7.9

8.4

8.9

8.3

8.5

Energy, Utilities,
Communications & Services

Others
Total

6.2

6.2

6.1

6.2

5.9

100.0

100.0

100.0

100.0

100.0

Client Data

Number of Clients
Active
Added during the period (gross)
Number of million dollar clients*
1 Million dollar +
5 Million dollar +
10 Million dollar +
25 Million dollar +
50 Million dollar +
75 Million dollar +
100 Million dollar +
200 Million dollar +
300 Million dollar +
Client contribution to revenues
Top client
Top 5 clients
Top 10 clients
Repeat business
Days Sales Outstanding
*LTM (Last twelve months) Revenues

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Page 4 of 7

Sep 30, 2015

Quarter ended
June 30, 2015

Sep 30, 2014

Year ended
March 31, 2015
March 31, 2014

1,011
82

987
79

912
49

950
221

890
238

542
258
169
85
50
31
14
6
1

535
248
161
83
49
28
14
6
1

526
237
150
83
43
27
13
3
-

529
244
159
83
47
29
15
4
-

501
232
148
78
42
24
13
3
1

3.7%
14.0%
22.8%
97.6%
64

3.7%
14.0%
23.0%
98.4%
68

3.4%
13.6%
22.9%
98.1%
63

3.3%
13.5%
22.7%
97.8%
65

3.8%
14.4%
23.8%
97.7%
62

Fact Sheet
Consolidated Financial Data - Second Quarter, Fiscal 2016

Effort and Utilization - Consolidated IT Services


(in %)
Quarter ended
Sep 30, 2015
June 30, 2015

LTM
Sep 30, 2015

Sep 30, 2014

Sep 30, 2014

Effort
Onsite

29.2

29.2

28.7

29.0

29.3

Offshore

70.8

70.8

71.3

71.0

70.7

Onsite

56.1

56.1

54.6

55.6

54.7

Offshore

43.9

43.9

45.4

44.4

45.3

Including trainees

75.4

75.7

75.2

74.9

73.8

Excluding trainees

81.3

80.2

82.3

80.7

79.0

Revenues

Utilization

Person Months Data - Consolidated IT Services


Sep 30, 2015
94,593

Quarter ended
June 30, 2015
91,424

Sep 30, 2014


80,965

229,737

221,449

201,333

872,504

768,938

324,330

312,873

282,298

1,228,210

1,087,672

Non Billable

74,492

77,465

60,742

294,532

289,171

Trainee

31,280

22,794

32,152

116,634

96,109

Sales & Support

26,015

24,874

22,770

97,648

90,120

456,117

438,006

397,962

1,737,024

1,563,072

Billed Onsite
Offshore
TOTAL

TOTAL

LTM
Sep 30, 2015
355,706

Sep 30, 2014


318,734

Consolidated IT Services
Quarter ended
Sep 30,
2015

Sequential
growth %

LTM

June 30,
2015

Sequential
growth %

Sep 30,
2014

Sequential
growth %

Sep 30,
2015

Year on
Year
growth %

Sep 30,
2014

Year on
Year
growth %

Effort - (Person months)


Onsite

94,593

3.5

91,424

6.6

80,965

1.1

355,706

11.6

318,734

1.4

Offshore

229,737

3.7

221,449

4.9

201,333

3.8

872,504

13.5

768,938

11.4

Total

324,330

3.7

312,873

5.4

282,298

3.0

1,228,210

12.9

1,087,672

8.2

1,217.56

6.5

1,143.54

6.3

1,089.94

3.8

4,538.88

7.8

4,208.64

4.8

951.65

6.2

896.22

2.6

906.34

3.4

3,629.04

4.3

3,479.05

12.8

2,169.21

6.3

2,039.76

4.6

1,996.28

3.6

8,167.92

6.2

7,687.69

8.2

Revenues ($ million)
Onsite
Offshore
Total

Revenue per FTE


(In US $ 000)
Quarter ended

Revenue per FTE - Consolidated

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Page 5 of 7

Year Ended

Sep 30, 2015

June 30, 2015

Sep 30, 2014

March 31, 2015

March 31, 2014

51.2

51.7

52.4

52.3

51.9

Fact Sheet
Consolidated Financial Data - Second Quarter, Fiscal 2016

Employee Metrics
Quarter ended

(Nos.)
Year ended
March 31,
March 31,
2015
2014
1,76,187
1,60,405

Sep 30, 2015

June 30, 2015

Sep 30, 2014

Total employees

1,87,976

1,79,523

1,65,411

S/W professionals

1,77,110

1,68,583

1,55,745

1,66,046

1,51,059

1,62,758

1,58,025

140,219

1,54,504

1,37,391

5,369

5,515

5,367

5,357

6,254
7,414

Billable
Banking product group

8,983

5,043

10,159

6,185

Sales & Support

Trainees

10,866

10,940

9,666

10,141

9,346

Gross addition

17,595

11,889

14,255

53,386

39,985

7,452

5,886

4,774

23,156

12,247

9,142

8,553

10,128

37,604

36,268

Of which lateral addition


Attrition
Net addition

8,453

3,336

4,127

15,782

3,717

Attrition % (Annualized Standalone)

14.1%

14.2%

21.1%

18.9%

18.7%

Attrition % (Annualized Consolidated)

19.9%

19.2%

24.8%

22.3%

22.9%

Infrastructure (as on Sep 30, 2015)

Bangalore
Pune

Completed
Built-up area
No. of seats
(Sq. Ft.)
5,303,113
35,688
6,247,705
36,825

Work in progress
Built-up area
No. of seats
(Sq. Ft.)
281,664
2,065
444,323
-

Chennai

4,276,536

25,247

Hyderabad

4,924,082

25,992

Bhubaneshwar

1,082,214

4,974

Mangalore

Land acquired
during the
Quarter (acres)
3.4
-

171,984

847,992

3,786

1,945,636

6,826

604,000

4,800

11,537,626

15,576

564,958

5,000

Chandigarh

1,193,052

6,525

Trivandrum

2,031,866

7,589

810,978

6,995

Delhi/ NCR

128,043

986

173,235

1,300

Mysore (including ILI)*

Jaipur
Global centers
Total

374,139

3,400

404,106

4,000

2,024,101

18,452

810,658

4,500

41,068,113

188,080

5,113,898

32,446

3.4

*Infosys Leadership Institute

Rupee Dollar Rate ( ` )

Period closing rate


Period average rate

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Page 6 of 7

Sep 30, 2015


65.59

Quarter ended
June 30, 2015
63.65

Sep 30, 2014


61.75

65.36

63.63

60.63

Year ended
March 31, 2015
March 31, 2014
62.50
59.92
61.18

60.75

Fact Sheet
Consolidated Financial Data - Second Quarter, Fiscal 2016

Constant Currency Reporting


Reported revenues

Q2 16

Q1 16

Q4 15

Q3 15

Q2 15

Revenues ($ mn)

2,392

2,256

2,159

2,218

2,201

Sequential growth %

6.0

4.5

(2.6)

0.8

3.1

YoY growth %

8.7

5.7

3.2

5.6

6.5

Constant currency Q o Q

Q2 16

Q1 16

Q4 15

Q3 15

Q2 15

Revenues ($ mn)

2,412

2,254

2,208

2,258

2,217

6.9

4.4

(0.4)

2.6

3.9

Constant currency Y o Y

Q2 16

Q1 16

Q4 15

Q3 15

Q2 15

Revenues ($ mn)

2,513

2,365

2,256

2,265

2,197

14.2

10.9

7.8

7.9

6.3

Sequential growth (%)

YoY growth (%)

Notes:
Basis of computation
1.
Foreign exchange rates are as per FEDAI.
2.
Average rates for major global currencies:
Average rate of USD
Q2 16

Q1 16

FY 15

Q4 15

Q3 15

Q2 15

AUD

0.71

0.78

0.87

0.78

0.85

0.92

EURO

1.11

1.11

1.26

1.11

1.25

1.32

GBP

1.54

1.55

1.61

1.51

1.58

1.66

3.

Proportion of revenues from major global currencies:

Revenue by currency (%)

Q2 16

Q1 16

FY 15

Q4 15

Q3 15

Q2 15

AUD

6.8

7.3

7.6

6.6

7.4

8.2

EURO

9.5

8.9

10.2

9.4

10.3

10.4

GBP

6.6

6.3

5.9

5.9

5.8

5.9

Q2 2016
Geographical segment growth
North America grew by 6.1% sequentially; and 6.2% in constant currency
Europe grew by 8.3% sequentially and in constant currency
India grew by 9.4% sequentially; and 12.1% in constant currency
Rest of the world grew by 0.8% sequentially; and 7.1 % in constant currency
Industry segment growth
FSI grew by 5.2% sequentially; and 6.4% in constant currency
MFG grew by 5.5% sequentially; and 5.8% in constant currency
RCL grew by 7.9% sequentially; and 8.2% in constant currency
ECS grew by 5.9% sequentially; and 7.8% in constant currency

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Page 7 of 7

IFRS INR
Press Release

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

Q2 revenue growth highest in last 16 quarters* - 6.0% in USD terms and 6.9% in
constant currency
Q2 revenue growth 8.9% in INR terms
Q2 revenue growth 14.2% yoy in constant currency
TCV of large deals signed in Q2 at $ 983 mn
Interim dividend of `10 per share
FY 16 revenue guidance at 10%-12% in constant currency
*in USD, excluding acquisitions

Bangalore, India October 12, 2015

Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended
September 30, 2015
Quarter ended September 30, 2015

Revenues were `15,635 crore for the quarter ended September 30, 2015
QoQ growth was 8.9%
YoY growth was 17.2%

Net profit was ` 3,398 crore for the quarter ended September 30, 2015
QoQ growth was 12.1%
YoY growth was 9.8%

Earnings per share (EPS) was `14.87 for the quarter ended September 30, 2015
QoQ growth was 12.1%
YoY growth was 9.8%

Liquid assets including cash and cash equivalents, available-for-sale financial assets and government
bonds were `32,099 crore as on September 30, 2015 as compared to `30,235 crore as on June 30,
2015

The Board of Directors declared an interim dividend of `10 per share. The record date for payment of
dividend is October 19, 2015

Infosys spent `59 crore in Q2, towards Corporate Social Responsibility (CSR) which is primarily being
carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged
in several programs aimed at alleviating hunger, promoting education, computing literacy, improving
health, assisting rural development, supporting arts and helping the destitute

Other Q2 Highlights

Per capita revenue increased 2.6% in reported terms and 3.4% in constant currency terms

5 large deals signed with TCV of $ 983 mn

Added 82 clients; total number of clients crosses 1,000

Infosys Limited Press Release

Page 1 of 8

IFRS INR
Press Release

We are experiencing a once-in-a-generation opportunity for a services company to help businesses maximize
their potential with technology. From automation and AI helping to simplify and enable existing landscapes as
well as build intelligent systems that help us solve our most complex emerging problems, to education and
design helping us to rethink the human experience and helping uncover our most important horizons, a great
services organization can truly partner with and amplify businesses, said Dr. Vishal Sikka, CEO and MD.
At Infosys, we are taking steps towards becoming such a services organization, and I am encouraged by our
progress. While results in any one quarter are transitory snapshots of a long journey, we do see our focused
execution along our strategy starting to produce encouraging results for our clients, shareholders and
Infoscions.

We had strong all-round growth during the quarter driven by recent initiatives around service differentiation,
improvement in client mining and higher focus on winning large deals, said Mr. U. B. Pravin Rao, COO.
Increase in revenue productivity was significant, volume growth was robust, client metrics and utilization
improved while attrition remained stable.
Our relentless focus on operational efficiencies has resulted in increase in operating margins despite higher
variable payouts, said Rajiv Bansal, CFO. The impact of significant currency volatility was effectively
mitigated by our proactive hedging program.

Outlook*
The Companys outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows:

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


Revenues are expected to grow 13.1%-15.1% in INR terms

*Conversion: 1 US$ = `65.59 for rest of the fiscal 2016

Business Highlights
We continue to make changes on our renew-new strategy with focus on improving client relationship
management, proposal quality as well as discipline around large deals, pipeline and operational efficiencies
are helping. At the same time, we are seeing our clients on a shared path with us to leverage the nextgeneration of services, in which software, platforms and systems amplify people.
Client Wins
We signed a three-year agreement with TOMS Shoes to become its worldwide partner to maintain
and develop its digital platform. The agreement will enable TOMS to streamline the management of its
web-based properties and introduce automation technologies to lower overall support and
development costs.
ABB (ASEA Brown Boveri), a Swiss high-tech engineering multinational operating mainly in robotics,
power and automation, has entered into an agreement with us to implement its global product
compliance program in ABBs Low Voltage Products (LP) division. As a part of this agreement, we will
program manage, implement, roll out and support a product compliance solution to manage
compliance of LPs products.
In India, the Goods and Services Tax Network (GSTN), a non-government, non-profit, private limited
company has awarded Infosys an `1,380 crore (~USD 210 Million) contract to build and maintain the
GSTN system for five years.
We were chosen by Saks Fifth Avenue, an American luxury retail store chain owned by the
Canadian retailer, Hudson's Bay Company to implement an omni-channel solution that will help
improve its digital commerce business.
We announced a strategic partnership with ATP to leverage the latest technological advances in
mobility, cloud and analytics powered by the Infosys Information Platform to transform the experience
of tennis fans and players the world over. We are the Global Technology Services Partner and

Infosys Limited Press Release

Page 2 of 8

IFRS INR
Press Release

Platinum Sponsor of the ATP World Tour, as well as the season-ending Barclays ATP World Tour
Finals, for the next three years.
A global food service retailer chose us as its largest cloud and infrastructure services partner. Our
solutions will improve customer experience, manage a multi-vendor ecosystem, drive change and
innovation and bring a flexible IT consumption model supported by talent and robust global
governance. This was a new account opening, and a large deal win for us.
A payments technology firm chose us as its sole strategic partner for its issuer processing line of
business. We will now be its leading global technology services provider and partner to develop and
sell joint go-to-market solutions leveraging our offerings in Finacle, Edge and IIP. In addition, we will
be the system integrator for the clients products and will be collaborating to implement its products for
banks and financial institutions globally.
A leading benefits administrator for long-term care programs for U.S. federal employees engaged us
to develop a member-enrollment portal based on responsive web-design methodology, delivering a
new kind of user experience to employees. This portal will support administration of a new program
and the Supplemental Health Benefits Program, for a federal agency.

Zero Distance
Our initiative of Zero Distance which is focused on fostering a culture of innovation and bringing innovation
and value to each project and client is progressing well. There are more than 5,600 projects in the Zero
Distance program and more than 1,700 of these innovations have been discussed with clients.
Enhanced Service Offerings: Launch of AiKiDo
On August 20, we announced the launch of Aikido, comprising three enhanced service offerings in
Knowledge-Based IT (KBIT), Platforms, and Design Thinking.
Ki or Knowledge-Based IT is all about the renewal of existing landscapes, capturing the knowledge and
know-how in an organization and bringing new technologies and tools - AI, devops, APIs, cloud, automation into our traditional engagements in application maintenance, testing and BPO together.
http://www.infosys.com/services/aikido/
A large European Turbo-machinery company engaged us is in a complex computational geometry project
requiring deep knowledge in software techniques for turbo machinery to develop critical applications for
designing, rendering, and generating manufacturing data to reduce cycle and effort by 40%, and minimize
errors.
We led a transformational project for a large Canadian Oil and Gas Operator to design a system for
assignment of shipper nominated oil commodities to routes on client networks involving deep knowledge of
mathematical models, and operations research techniques for optimal cost, quality of delivery, and operational
efficiency of volumetric engines resulted in reduction of costs by 20% and increase in overall time efficiency.
Ai includes platforms and platforms as a service amplifying people with software, platforms and services
focused on open source technologies for AI, big data and automation.
The Infosys Information Platform (IIP) over 160 engagements to date with almost 20 in production. We
continue to add capabilities like Natural Language Processing to IIP. For a leading Australian super market
chain IIP helped derive key business insights, like Top 10 categories of products by profit and sales, hourly
sales trend, category wise profit contribution margin & sales variance and location wise profit & sales variance
in less than four weeks. IIP also enabled real-time prediction for out-of-stock items for a confectionary leader
in less than three weeks.
We saw extensive embrace of automation to optimize operational spend and renew client technology
landscapes in infrastructure management services, and other service lines such as Application Development
and Maintenance, Independent Validation Services (IVS). We leveraged automation, Artificial Intelligence (AI)
and machine learning, using our proprietary Infosys Automation Platform (IAP) and tools. We are starting to
see material productivity improvements in our delivery org, ranging from 17-50%of effort savings.
Baxters Food Group, a global food company headquartered in Fochabers Scotland, chose us as a strategic
partner to upgrade its Oracle eBusiness suite for finance, supply chain and manufacturing applications using
the Panaya platform.

Infosys Limited Press Release

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IFRS INR
Press Release

We are seeing strong traction and a healthy pipeline for Skava with clients across geographies. Skava
migrated two large retail customers to the latest version of the Skava platform, resulting in better performance
and higher client conversion.
Last quarter, EdgeVerve Systems sustained strong momentum with 39 wins and 23 go-lives for both Finacle
and Edge suite of solutions. New offerings like Finacle Assure, Finacle Payments Bank and Finacle Small
Finance Bank solutions, have seen good traction among our clients.
Do or Design Thinking We have had more than 117 Design Thinking engagements with clients, and more
than 54,000 employees at Infosys have been immersed in Design Thinking course.
A large bank engaged us to help improve the often stressful customer experience of buying a home. Using
design thinking, we helped to focus attention on the unique needs of a mortgage customer. We quickly
prototyped a mobile cross-channel application, which was approved for development. This entire process was
completed in 3 weeks.
A leading high-tech customer and partner engaged us to help bring a design-thinking mindset and culture to
key business functions within their company. By conducting extensive design thinking workshops, we are
helping them create a common innovation vocabulary for managers and employees, training their own
trainers, and accelerating their ability to apply Design Thinking principles to their most important projects and
challenges.
Partnerships and Ecosystem
We continue to strengthen relationships with our existing partners such as AWS, Microsoft, Oracle, IBM, SAP,
EMC, Huawei and Tableau, to name a few. We also entered into new partnerships with GE, NetSuite and
Software AG. We further extended our research collaborations with top universities like Stanford University,
Cornell University and Emory University on Data Science, AI and security.

Management changes
Mr. Rajiv Bansal, Executive Vice President and the Chief Financial Officer (CFO) of Infosys since October
2012, has informed the company of his intention to resign. He will be replaced by M.D. Ranganath at the close
of business October 12, 2015.
Ranganath has held several leadership positions during a tenure of nearly 15 years with Infosys. He is
currently Executive Vice President and Head of Strategic Operations, responsible for Strategic Planning, Risk
Management, Mergers & Acquisitions and Corporate Marketing. In earlier roles at the company, he was the
Chief Risk Officer for over 5 years, implementing the Enterprise Risk Management Program and leading cost
optimization initiatives as Senior Vice President in the Chairmans office. Prior to working at Infosys, he held
leadership responsibilities in treasury, planning and credit functions at ICICI Limited. Ranga is a post graduate
(PGDM) from the Indian Institute of Management, Ahmedabad, holds a master's degree in technology from
the Indian Institute of Technology, Madras and is an Associate Member of CPA, Australia.
Commenting on the appointment, Dr. Vishal Sikka, CEO and Managing Director said, Over the course of the
last sixteen months, I have come to know Ranga as a passionate leader and a balanced leader with
tremendous ability, knowledge and integrity. We welcome him as our CFO.
Vishal Sikka CEO, commented, I would like to thank Rajiv for his outstanding contribution to the company
and for being a great partner over the past 16 months. As Infosys CFO, Rajiv has led our financial strategy
and has been instrumental in bringing us to this point in our transformational journey. Hes a brilliant CFO and
we will miss him even as we respect his decision and wish him continued success in his future endeavors.
Rajiv said, It has been an absolute privilege and pleasure to work at Infosys. It has been a most exciting and
rewarding experience. I am proud of what we have achieved as a team and am sure that Infosys, under the
leadership of Vishal, will scale new heights in the times ahead.
Rajiv will continue as an advisor to the CEO and the Board through December 31, 2015 in order to provide a
smooth transition.

Infosys Limited Press Release

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IFRS INR
Press Release

RSU Plan
The Board approved the 2015 Incentive Compensation Plan, amending the existing 2011 RSU Plan.
The 2011 RSU plan has been amended in accordance with the SEBI (share based employee benefits)
regulations, 2014 and will be issued as the 2015 Incentive Compensation Plan. The grants made under the
2011 RSU plan will continue to be administered and implemented by the 2015 Incentive Compensation Plan.
The 2015 Incentive Compensation Plan will be subject to the approval of shareholders.

The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares
outstanding, in order to support grants made over time under the 2015 Incentive Compensation
Plan. Approval to issue such shares under the 2015 Incentive Compensation plan will be subject to the
approval of shareholders.

Awards and Recognition

The Infosys Information Platform was recognized in Gartners September 2015 Magic Quadrant for
Business Analytics Services Worldwide.
Infosys Finacle, part of EdgeVerve Systems, was named a Leader by Forrester Research, Inc. in the
Forrester Wave: Omnichannel Banking Solutions, Q3 2015 report.
We were positioned as a Leader and Star Performer in the 2015 Banking Application Outsourcing
PEAK Matrix by Everest. The consulting and research firm also positioned us a Leader in capital
markets for the second consecutive year.
We were Positioned as a Leader in Gartners September 2015 Magic Quadrant for Oracle Application
Management Services Worldwide.
We were Positioned as a Leader in Gartners July 2015 Magic Quadrant for SAP Implementation
Services Worldwide.
We were inducted into the Winners Circle in the inaugural Application Testing Services HfS Blueprint
report by leading analyst firm HfS Research.
We were named a Leader in the Independent Testing Services PEAK Matrix Assessment and
Profile Compendium 2015 report by Everest Group.

*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.

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.
As of September 30, 2015, the Infosys Foundation has invested `102.9 crore on areas related to Education,
Healthcare, Destitute Care and Rural Development. The key initiatives during the quarter involved an
endowment of `6 crore each to Agastya International Foundation, a non-governmental organization and
Vivekananda Rock Memorial & Vivekananda Kendra.
Last quarter, Infosys Foundation USA launched its inaugural Infy Maker Awards program. This initiative is part
of a commitment made by the Infosys Foundation USA at the White House earlier this year during the
National Week of Making, to spark the spirit of making in everyday learning. The awards celebrate young and
adult Makers across the United States who demonstrate creative excellence. In addition, Infosys Foundation
USA will award 50 USD$10,000 Makerspace grants to schools, libraries and other community organizations.
Each grant will be in cash and in kind, and will seed dynamic Makerspaces at each grantee
location. Recipients of these grants will be nominated by the student winners. Through these grants, Infosys
Foundation USA expects to impact thousands of future makers http://www.infosys.org/infosys-foundation-usa/

Infosys Limited Press Release

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IFRS INR
Press Release

In addition, Infosys Foundation USA also continues to fund grants to make high quality Computer Science
education widely and easily accessible to all. The foundation recently convened the inaugural CrossRoads
conference of the top thought leaders and practitioners in this area.

About Infosys Ltd


Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable
clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the
competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions
that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and
187,000+ 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, fixedtime 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 October 12, 2015, and any forward-looking statements contained herein are
based on assumptions that we believe to be reasonable as of this date. The company does not undertake to
update any forward-looking statements that may be made from time to time by or on behalf of the company
unless it is required by law.
Contact
Investor Relations

Sandeep Mahindroo
+91 80 3980 1018
Sandeep_Mahindroo@infosys.com

Media Relations

Sarah Vanita Gideon, India


+91 80 4156 3373
Sarah_Gideon@infosys.com

Infosys Limited Press Release

Cristin Balog
+1 650 320 4126
Cristin_Balog@infosys.com

Page 6 of 8

IFRS INR
Press Release

Infosys Limited and subsidiaries


Consolidated Balance Sheets as of
(In ` crore except share data)
September 30, 2015
March 31, 2015
ASSETS
Current assets
Cash and cash equivalents
Available-for-sale financial assets
Trade receivables
Unbilled revenue
Prepayments and other current assets
Derivative financial instruments
Total current assets
Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investment in associate
Available-for-sale financial assets
Deferred income tax assets
Income tax assets
Other non-current assets
Total non-current assets
Total assets
LIABILITIES AND EQUITY
Current liabilities
Trade payables
Derivative financial instruments
Current income tax liabilities
Client deposits
Unearned revenue
Employee benefit obligations
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Deferred income tax liabilities
Other non-current liabilities
Total liabilities
Equity
Share capital- `5 par value 240,00,00,000 (120,00,00,000)
equity shares authorized, issued and outstanding 228,56,19,380
(114,28,05,132), net of 1,13,25,284 (56,67,200) treasury shares,
as of September 30, 2015 (March 31, 2015), respectively
Share premium
Retained earnings
Other reserves
Other components of equity
Total equity attributable to equity holders of the company
Non-controlling interests
Total equity
Total liabilities and equity

Infosys Limited Press Release

29,946
582
10,397
3,441
4,684
29
49,079

30,367
874
9,713
2,845
3,296
101
47,196

9,686
3,668
917
96
1,609
511
4,693
647
21,827
70,906

9,125
3,091
638
93
1,345
537
4,089
238
19,156
66,352

110
18
3,118
22
1,107
1,199
435
7,148
13,157

140
3
2,818
27
1,052
1,069
478
5,796
11,383

277
127
13,561

160
46
11,589

1,144
2,238
53,346
617
57,345
57,345
70,906

572
2,806
50,978
407
54,763
54,763
66,352

Page 7 of 8

IFRS INR
Press Release

Infosys Limited and subsidiaries


Consolidated Statements of Comprehensive Income
(In ` crore except share and per equity share data)
Three months Three months
Six months
Six months
ended
ended
ended
ended
September 30, September 30, September 30, September 30,
2015
2014
2015
2014

Revenues
Cost of sales
Gross profit
Operating expenses:
Selling and marketing expenses
Administrative expenses
Total operating expenses
Operating profit
Other income, net
Share in associates profit/(loss)
Profit before income taxes
Income tax expense
Net profit
Other comprehensive income
Items that will not be reclassified to profit or loss:
Re-measurement of the net defined benefit
liability/(asset)
Items that may be reclassified subsequently to profit or
loss:
Fair value changes on available-for-sale financial asset
Exchange differences on translation of foreign
operations
Total other comprehensive income, net of tax
Total comprehensive income
Profit attributable to:
Owners of the company
Non-controlling interests
Total comprehensive income attributable to:
Owners of the company
Non-controlling interests
Earnings per equity share
Basic (`)
Diluted (`)
Weighted average equity shares used in computing
earnings per equity share
Basic
Diluted

15,635
9,724
5,911

13,342
8,201
5,141

29,989
18,847
11,142

26,112
16,247
9,865

843
1,075
1,918
3,993
793
(1)
4,785
1,387
3,398

769
889
1,658
3,483
877
4,360
1,264
3,096

1,663
2,038
3,701
7,441
1,551
(1)
8,991
2,562
6,429

1,435
1,736
3,171
6,694
1,706
8,400
2,418
5,982

(7)

(3)

(14)

(23)

30
62

28
(76)

18
206

45
(76)

85
3,483

(51)
3,045

210
6,639

(54)
5,928

3,398
3,398

3,096
3,096

6,429
6,429

5,982
5,982

3,483
3,483

3,045
3,045

6,639
6,639

5,928
5,928

14.87
14.87

13.55
13.55

28.13
28.13

26.17
26.17

228,56,14,029 228,56,10,264 228,56,12,157 228,56,10,264


228,57,13,042 228,56,16,112 228,56,96,678 228,56,13,188

NOTE:
1. The audited Consolidated interim Balance sheets and Consolidated interim Statements of Comprehensive
Income for the three months and six months ended September 30, 2015 have been taken on record at the Board meeting
held on October 12, 2015.
2. A Fact Sheet providing the operating metrics of the company can be downloaded from www.infosys.com
3. Previous period share count and EPS has been restated due to issue of bonus shares in Dec-14 and Jun-15

Infosys Limited Press Release

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IFRS USD
Press Release

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

Q2 revenue growth highest in last 16 quarters* - 6.0% in reported terms and 6.9% in
constant currency
Q2 revenue growth 14.2% yoy in constant currency
TCV of large deals signed in Q2 at $ 983 mn
Interim dividend of `10 per share (app. $ 0.15 per ADS)
FY 16 revenue guidance at 10%-12% in constant currency; 6.4%-8.4% in USD terms
*Excluding acquisitions

Bangalore, India October 12, 2015

Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended
September 30, 2015
Quarter ended September 30, 2015

Revenues were $ 2,392 million for the quarter ended September 30, 2015
QoQ growth was 6.0% in reported terms; 6.9% in constant currency terms
YoY growth was 8.7% in reported terms; 14.2% in constant currency terms

Net profit was $ 519 million for the quarter ended September 30, 2015
QoQ growth was 9.1%
YoY growth was 1.6%

Earnings per share (EPS) was $ 0.23 for the quarter ended September 30, 2015
QoQ growth was 9.1%
YoY growth was 1.6%

Liquid assets including cash and cash equivalents, available-for-sale financial assets and government
bonds were $4,894 million as on September 30, 2015 as compared to $4,750 million as on June 30,
2015

The Board of Directors declared an interim dividend of `10 per share (equivalent to app. $ 0.15 per
ADS at the exchange rate of ` 65.59). The record date for payment of dividend is October 19, 2015.

Infosys spent $9 million in Q2, towards Corporate Social Responsibility (CSR) which is primarily being
carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged
in several programs aimed at alleviating hunger, promoting education, computing literacy, improving
health, assisting rural development, supporting arts and helping the destitute

Other Q2 Highlights

Per capita revenue increased by 2.6% in reported terms and 3.4% in constant currency terms

5 large deals signed with TCV of $ 983 mn

Added 82 clients; total number of clients crosses 1,000

Infosys Limited Press Release

Page 1 of 8

IFRS USD
Press Release
We are experiencing a once-in-a-generation opportunity for a services company to help businesses maximize
their potential with technology. From automation and AI helping to simplify and enable existing landscapes as
well as build intelligent systems that help us solve our most complex emerging problems, to education and
design helping us to rethink the human experience and helping uncover our most important horizons, a great
services organization can truly partner with and amplify businesses, said Dr. Vishal Sikka, CEO and MD.
At Infosys, we are taking steps towards becoming such a services organization, and I am encouraged by our
progress. While results in any one quarter are transitory snapshots of a long journey, we do see our focused
execution along our strategy starting to produce encouraging results for our clients, shareholders and
Infoscions.

We had strong all-round growth during the quarter driven by recent initiatives around service differentiation,
improvement in client mining and higher focus on winning large deals, said Mr. U. B. Pravin Rao, COO.
Increase in revenue productivity was significant, volume growth was robust, client metrics and utilization
improved while attrition remained stable.
Our relentless focus on operational efficiencies has resulted in increase in operating margins despite higher
variable payouts, said Rajiv Bansal, CFO. The impact of significant currency volatility was effectively
mitigated by our proactive hedging program.

Outlook*
The Companys outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows:

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


Revenues are expected to grow 6.4%-8.4% in USD terms

*Conversion: AUD/USD 0.70; Euro/USD 1.12; GBP/USD 1.52 for rest of fiscal 2016

Business Highlights
We continue to make changes on our renew-new strategy with focus on improving client relationship
management, proposal quality as well as discipline around large deals, pipeline and operational efficiencies
are helping. At the same time, we are seeing our clients on a shared path with us to leverage the nextgeneration of services, in which software, platforms and systems amplify people.
Client Wins
We signed a three-year agreement with TOMS Shoes to become its worldwide partner to maintain
and develop its digital platform. The agreement will enable TOMS to streamline the management of its
web-based properties and introduce automation technologies to lower overall support and
development costs.
ABB (ASEA Brown Boveri), a Swiss high-tech engineering multinational operating mainly in robotics,
power and automation, has entered into an agreement with us to implement its global product
compliance program in ABBs Low Voltage Products (LP) division. As a part of this agreement, we will
program manage, implement, roll out and support a product compliance solution to manage
compliance of LPs products.
In India, the Goods and Services Tax Network (GSTN), a non-government, non-profit, private limited
company has awarded Infosys an `1,380 crore (~USD 210 Million) contract to build and maintain the
GSTN system for five years.
We were chosen by Saks Fifth Avenue, an American luxury retail store chain owned by the
Canadian retailer, Hudson's Bay Company to implement an omni-channel solution that will help
improve its digital commerce business.
We announced a strategic partnership with ATP to leverage the latest technological advances in
mobility, cloud and analytics powered by the Infosys Information Platform to transform the experience
of tennis fans and players the world over. We are the Global Technology Services Partner and

Infosys Limited Press Release

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IFRS USD
Press Release

Platinum Sponsor of the ATP World Tour, as well as the season-ending Barclays ATP World Tour
Finals, for the next three years.
A global food service retailer chose us as its largest cloud and infrastructure services partner. Our
solutions will improve customer experience, manage a multi-vendor ecosystem, drive change and
innovation and bring a flexible IT consumption model supported by talent and robust global
governance. This was a new account opening, and a large deal win for us.
A payments technology firm chose us as its sole strategic partner for its issuer processing line of
business. We will now be its leading global technology services provider and partner to develop and
sell joint go-to-market solutions leveraging our offerings in Finacle, Edge and IIP. In addition, we will
be the system integrator for the clients products and will be collaborating to implement its products for
banks and financial institutions globally.
A leading benefits administrator for long-term care programs for U.S. federal employees engaged us
to develop a member-enrollment portal based on responsive web-design methodology, delivering a
new kind of user experience to employees. This portal will support administration of a new program
and the Supplemental Health Benefits Program, for a federal agency.

Zero Distance
Our initiative of Zero Distance which is focused on fostering a culture of innovation and bringing innovation
and value to each project and client is progressing well. There are more than 5,600 projects in the Zero
Distance program and more than 1,700 of these innovations have been discussed with clients.
Enhanced Service Offerings: Launch of AiKiDo
On August 20, we announced the launch of Aikido, comprising three enhanced service offerings in
Knowledge-Based IT (KBIT), Platforms, and Design Thinking.
Ki or Knowledge-Based IT is all about the renewal of existing landscapes, capturing the knowledge and
know-how in an organization and bringing new technologies and tools - AI, devops, APIs, cloud, automation into our traditional engagements in application maintenance, testing and BPO together.
http://www.infosys.com/services/aikido/
A large European Turbo-machinery company engaged us is in a complex computational geometry project
requiring deep knowledge in software techniques for turbo machinery to develop critical applications for
designing, rendering, and generating manufacturing data to reduce cycle and effort by 40%, and minimize
errors.
We led a transformational project for a large Canadian Oil and Gas Operator to design a system for
assignment of shipper nominated oil commodities to routes on client networks involving deep knowledge of
mathematical models, and operations research techniques for optimal cost, quality of delivery, and operational
efficiency of volumetric engines resulted in reduction of costs by 20% and increase in overall time efficiency.
Ai includes platforms and platforms as a service amplifying people with software, platforms and services
focused on open source technologies for AI, big data and automation.
The Infosys Information Platform (IIP) over 160 engagements to date with almost 20 in production. We
continue to add capabilities like Natural Language Processing to IIP. For a leading Australian super market
chain IIP helped derive key business insights, like Top 10 categories of products by profit and sales, hourly
sales trend, category wise profit contribution margin & sales variance and location wise profit & sales variance
in less than four weeks. IIP also enabled real-time prediction for out-of-stock items for a confectionary leader
in less than three weeks.
We saw extensive embrace of automation to optimize operational spend and renew client technology
landscapes in infrastructure management services, and other service lines such as Application Development
and Maintenance, Independent Validation Services (IVS). We leveraged automation, Artificial Intelligence (AI)
and machine learning, using our proprietary Infosys Automation Platform (IAP) and tools. We are starting to
see material productivity improvements in our delivery org, ranging from 17-50%of effort savings.
Baxters Food Group, a global food company headquartered in Fochabers Scotland, chose us as a strategic
partner to upgrade its Oracle eBusiness suite for finance, supply chain and manufacturing applications using
the Panaya platform.

Infosys Limited Press Release

Page 3 of 8

IFRS USD
Press Release

We are seeing strong traction and a healthy pipeline for Skava with clients across geographies. Skava
migrated two large retail customers to the latest version of the Skava platform, resulting in better performance
and higher client conversion.
Last quarter, EdgeVerve Systems sustained strong momentum with 39 wins and 23 go-lives for both Finacle
and Edge suite of solutions. New offerings like Finacle Assure, Finacle Payments Bank and Finacle Small
Finance Bank solutions, have seen good traction among our clients.
Do or Design Thinking We have had more than 117 Design Thinking engagements with clients, and more
than 54,000 employees at Infosys have been immersed in Design Thinking course.
A large bank engaged us to help improve the often stressful customer experience of buying a home. Using
design thinking, we helped to focus attention on the unique needs of a mortgage customer. We quickly
prototyped a mobile cross-channel application, which was approved for development. This entire process was
completed in 3 weeks.
A leading high-tech customer and partner engaged us to help bring a design-thinking mindset and culture to
key business functions within their company. By conducting extensive design thinking workshops, we are
helping them create a common innovation vocabulary for managers and employees, training their own
trainers, and accelerating their ability to apply Design Thinking principles to their most important projects and
challenges.
Partnerships and Ecosystem
We continue to strengthen relationships with our existing partners such as Microsoft, SAP, Oracle, AWS,
EMC, Huawei and Tableau to name a few. We also entered into new partnerships with Apigie, Software AG
and NetSuite. We further extended our research collaborations with top universities like Standard, Cornell
University and Emory University on Data Science, AI and security.

Management changes
Mr. Rajiv Bansal, Executive Vice President and the Chief Financial Officer (CFO) of Infosys since October
2012, has informed the company of his intention to resign. He will be replaced by M.D. Ranganath at the close
of business October 12, 2015.
Ranganath has held several leadership positions during a tenure of nearly 15 years with Infosys. He is
currently Executive Vice President and Head of Strategic Operations, responsible for Strategic Planning, Risk
Management, Mergers & Acquisitions and Corporate Marketing. In earlier roles at the company, he was the
Chief Risk Officer for over 5 years, implementing the Enterprise Risk Management Program and leading cost
optimization initiatives as Senior Vice President in the Chairmans office. Prior to working at Infosys, he held
leadership responsibilities in treasury, planning and credit functions at ICICI Limited. Ranga is a post graduate
(PGDM) from the Indian Institute of Management, Ahmedabad, holds a master's degree in technology from
the Indian Institute of Technology, Madras and is an Associate Member of CPA, Australia.
Commenting on the appointment, Dr. Vishal Sikka, CEO and Managing Director said, Over the course of the
last sixteen months, I have come to know Ranga as a passionate leader and a balanced leader with
tremendous ability, knowledge and integrity. We welcome him as our CFO.
Vishal Sikka CEO, commented, I would like to thank Rajiv for his outstanding contribution to the company
and for being a great partner over the past 16 months. As Infosys CFO, Rajiv has led our financial strategy
and has been instrumental in bringing us to this point in our transformational journey. Hes a brilliant CFO and
we will miss him even as we respect his decision and wish him continued success in his future endeavors.
Rajiv said, It has been an absolute privilege and pleasure to work at Infosys. It has been a most exciting and
rewarding experience. I am proud of what we have achieved as a team and am sure that Infosys, under the
leadership of Vishal, will scale new heights in the times ahead.
Rajiv will continue as an advisor to the CEO and the Board through December 31, 2015 in order to provide a
smooth transition.

Infosys Limited Press Release

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IFRS USD
Press Release

RSU Plan
The Board approved the 2015 Incentive Compensation Plan, amending the existing 2011 RSU Plan.
The 2011 RSU plan has been amended in accordance with the SEBI (share based employee benefits)
regulations, 2014 and will be issued as the 2015 Incentive Compensation Plan. The grants made under the
2011 RSU plan will continue to be administered and implemented by the 2015 Incentive Compensation Plan.
The 2015 Incentive Compensation Plan will be subject to the approval of shareholders.

The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares
outstanding, in order to support grants made over time under the 2015 Incentive Compensation
Plan. Approval to issue such shares under the 2015 Incentive Compensation plan will be subject to the
approval of shareholders.

Awards and Recognition

The Infosys Information Platform was recognized in Gartners September 2015 Magic Quadrant for
Business Analytics Services Worldwide.
Infosys Finacle, part of EdgeVerve Systems, was named a Leader by Forrester Research, Inc. in the
Forrester Wave: Omnichannel Banking Solutions, Q3 2015 report.
We were positioned as a Leader and Star Performer in the 2015 Banking Application Outsourcing
PEAK Matrix by Everest. The consulting and research firm also positioned us a Leader in capital
markets for the second consecutive year.
We were Positioned as a Leader in Gartners September 2015 Magic Quadrant for Oracle Application
Management Services Worldwide.
We were Positioned as a Leader in Gartners July 2015 Magic Quadrant for SAP Implementation
Services Worldwide.
We were inducted into the Winners Circle in the inaugural Application Testing Services HfS Blueprint
report by leading analyst firm HfS Research.
We were named a Leader in the Independent Testing Services PEAK Matrix Assessment and
Profile Compendium 2015 report by Everest Group.

*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.

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.
As of September 30, 2015, the Infosys Foundation has invested `102.9 crore on areas related to Education,
Healthcare, Destitute Care and Rural Development. The key initiatives during the quarter involved an
endowment of `6 crore each to Agastya International Foundation, a non-governmental organization and
Vivekananda Rock Memorial & Vivekananda Kendra.
Last quarter, Infosys Foundation USA launched its inaugural Infy Maker Awards program. This initiative is part
of a commitment made by the Infosys Foundation USA at the White House earlier this year during the
National Week of Making, to spark the spirit of making in everyday learning. The awards celebrate young and
adult Makers across the United States who demonstrate creative excellence. In addition, Infosys Foundation
USA will award 50 USD$10,000 Makerspace grants to schools, libraries and other community organizations.
Each grant will be in cash and in kind, and will seed dynamic Makerspaces at each grantee
location. Recipients of these grants will be nominated by the student winners. Through these grants, Infosys
Foundation USA expects to impact thousands of future makers http://www.infosys.org/infosys-foundation-usa/

Infosys Limited Press Release

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IFRS USD
Press Release

In addition, Infosys Foundation USA also continues to fund grants to make high quality Computer Science
education widely and easily accessible to all. The foundation recently convened the inaugural CrossRoads
conference of the top thought leaders and practitioners in this area.
About Infosys Ltd
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable
clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the
competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions
that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and
187,000+ 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, fixedtime 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 October 12, 2015, and any forward-looking statements contained herein are
based on assumptions that we believe to be reasonable as of this date. The company does not undertake to
update any forward-looking statements that may be made from time to time by or on behalf of the company
unless it is required by law.

Contact
Investor Relations

Sandeep Mahindroo
+91 80 3980 1018
Sandeep_Mahindroo@infosys.com

Media Relations

Sarah Vanita Gideon, India


+91 80 4156 3373
Sarah_Gideon@infosys.com

Infosys Limited Press Release

Cristin Balog
+1 650 320 4126
Cristin_Balog@infosys.com

Page 6 of 8

IFRS USD
Press Release

Infosys Limited and subsidiaries


Unaudited Condensed Consolidated Interim Balance Sheets as of
(Dollars in millions except equity share data)

ASSETS
Current assets
Cash and cash equivalents
Available-for-sale financial assets
Trade receivables
Unbilled revenue
Prepayments and other current assets
Derivative financial instruments
Total current assets
Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investment in Associates
Available-for-sale financial assets
Deferred income tax assets
Income tax assets
Other non-current assets
Total non-current assets
Total assets
LIABILITIES AND EQUITY
Current liabilities
Trade payables
Derivative Financial Instruments
Current income tax liabilities
Client deposits
Unearned revenue
Employee benefit obligations
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Deferred income tax liabilities
Other non-current liabilities
Total liabilities
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 September 30, 2015 (March
31, 2015), respectively
Share premium
Retained earnings
Other reserves
Other components of equity
Total equity attributable to equity holders of the company
Non-controlling interests
Total equity
Total liabilities and equity

Infosys Limited Press Release

September 30, 2015

March 31, 2015

4,566
89
1,585
524
714
4
7,482

4,859
140
1,554
455
527
16
7,551

1,477
559
140
15
245
78
715
99
3,328
10,810

1,460
495
102
15
215
85
654
38
3,064
10,615

17
2
476
3
169
183
66
1,090
2,006

22
451
4
168
171
77
927
1,820

42
19
2,067

25
8
1,853

199
569
10,449
(2,474)
8,743
8,743
10,810

109
659
10,090
(2,096)
8,762
8,762
10,615

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IFRS USD
Press Release

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
Six months
Six months
ended
ended
ended
ended
September 30, September 30, September 30, September 30,
2015
2014
2015
2014

Revenues
Cost of sales
Gross profit
Operating expenses:
Selling and marketing expenses
Administrative expenses
Total operating expenses
Operating profit
Other income, net
Share in associate's profit / (loss)
Profit before income taxes
Income tax expense
Net profit
Other comprehensive income
Items that will not be reclassified to profit or loss:
Re-measurement of the net defined benefit
liability/(asset)
Items that may be reclassified subsequently to
profit or loss:
Fair value changes on available-for-sale financial
asset
Exchange differences on translation of foreign
operations
Total other comprehensive income, net of tax
Total comprehensive income
Profit attributable to:
Owners of the company
Non-controlling interests
Total comprehensive income attributable to:
Owners of the company
Non-controlling interests
Earnings per equity share
Basic ($)
Diluted ($)
Weighted average equity shares used in
computing earnings per equity share
Basic
Diluted

2,392
1,488
904

2,201
1,353
848

4,647
2,922
1,725

4,334
2,697
1,637

129
165
294
610
121
731
212
519

127
146
273
575
144
719
208
511

258
316
574
1,151
240
1,391
396
995

238
288
526
1,111
283
1,394
401
993

(1)

(1)

(2)

(4)

(242)

(223)

(379)

(259)

(238)
281

(219)
292

(378)
617

(255)
738

519
519

511
511

995
995

993
993

281
281

292
292

617
617

738
738

0.23
0.23

0.22
0.22

0.44
0.44

0.43
0.43

2,285,614,029 2,285,610,264 2,285,612,157 2,285,610,264


2,285,713,042 2,285,616,112 2,285,696,678 2,285,613,188

NOTE:
1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim
Statements of Comprehensive Income for the three months and six months ended September 30, 2015 have been
taken on record at the Board meeting held on October 12, 2015
2. A Fact Sheet providing the operating metrics of the company can be downloaded from www.infosys.com
3. Previous period share count and EPS has been restated due to issue of bonus shares in Dec-14 and Jun-15

Infosys Limited Press Release

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