Beruflich Dokumente
Kultur Dokumente
Cost of sales 12,527 13,020 15,916 19,808 25,280 32,141 32,883 39,098 43,253 10,900 11,227 11,450 33,576
Gross Profit 9,166 9,722 11,585 13,926 15,072 17,992 20,436 23,343 25,231 6,178 6,340 6,344 - 18,863
Selling and marketing expenses 1,105 1,184 1,512 1,757 2,034 2,625 2,941 3,431 3,591 888 846 877 2,612
General and administration expenses 1,631 1,628 1,971 2,390 2,609 3,326 3,663 4,292 4,739 1,179 1,248 1,148 3,575
Total operating expenses 2,736 2,812 3,483 4,147 4,643 5,951 6,604 7,723 8,330 2,067 2,094 2,025 - 6,187
Operating profit 6,430 6,910 8,102 9,779 10,429 12,041 13,832 15,620 16,901 4,111 4,246 4,319 - 12,676
- Margins 29.6% 30.4% 29.5% 29.0% 25.8% 24.0% 25.9% 25.0% 24.7% 24.1% 24.2% 24.3% 24.2%
Operating Profit after Interest, Depreciation and Amortization 6,430 6,910 8,102 9,779 10,429 12,041 13,832 15,620 16,901 4,111 4,246 4,319 - 12,676
Other income, net 473 990 1,211 1,904 2,359 2,669 3,427 3,125 3,080 814 883 962 2,659
Share in associate's profit/(loss) (1) (3) (12) - - - -
Write down of investment in associate (71) - - (71)
Profit before tax, minority interest and exceptional items 6,903 7,900 9,313 11,683 12,788 14,710 17,258 18,742 19,951 4,854 5,129 5,281 - 15,264
Provision for taxation 919 1,681 2,490 3,367 3,367 4,062 4,929 5,251 5,598 1,371 1,403 152 2,925
Profit after tax but before minority interest and exceptional items 5,984 6,219 6,823 8,316 9,421 10,648 12,329 13,491 14,353 3,483 3,726 5,129 - 12,339
Net profit after tax, minority interest and exceptional items 5,984 6,219 6,823 8,316 9,421 10,648 12,329 13,491 14,353 3,483 3,726 5,129 - 12,339
Notes:
Transition to IFRS took place from Q3 FY09 prior to which the financials for Q1 FY09 and Q2 FY09 are reported under Indian GAAP.
(^) EPS before exceptional item and after exceptional item and Shares o/s have been adjusted for 1:1 bonus issue/stock dividend given in Dec-14 and June-15.
Index
Notes:
Transition to IFRS took place from Q3 FY10 prior to which the financials highlighted are reported under Indian GAAP.
Index
Cost of sales 2,699 2,749 3,497 4,118 4,637 5,292 5,374 5,950 6,446 1,692 1,743 1,773 5,208
Gross Profit 1,964 2,055 2,544 2,876 2,761 2,957 3,337 3,551 3,762 959 985 982 - 2,926
Selling and marketing expenses 239 251 332 366 373 431 480 522 535 138 132 136 405
Administrative expenses 351 344 433 497 479 547 599 654 707 183 194 177 555
Total operating expenses 590 595 765 863 852 978 1,079 1,176 1,242 321 326 313 960
Operating profit 1,374 1,460 1,779 2,013 1,909 1,979 2,258 2,375 2,520 638 659 669 - 1,966
- Margins 29.5% 30.4% 29.4% 28.8% 25.8% 24.0% 25.9% 25.0% 24.7% 24.1% 24.2% 24.3% 24.2%
Profit before income taxes 1,475 1,669 2,046 2,410 2,342 2,419 2,818 2,851 2,974 754 796 818 - 2,368
Income tax expense 194 356 547 694 617 668 805 799 834 213 218 22 453
Profit after tax 1,281 1,313 1,499 1,716 1,725 1,751 2,013 2,052 2,140 541 578 796 - 1,915
Attributable to:
Equity holders of the company 1,281 1,313 1,499 1,716 1,725 1,751 2,013 2,052 2,140 541 578 796 - 1,915
Net profit 1,281 1,313 1,499 1,716 1,725 1,751 2,013 2,052 2,140 541 578 796 - 1,915
Basic ($) $0.57 $0.57 $0.66 $0.75 $0.75 $0.77 $0.88 $0.90 $0.94 $0.24 $0.25 $0.35 $0.84
Diluted ($) $0.57 $0.56 $0.66 $0.75 $0.75 $0.77 $0.88 $0.90 $0.94 $0.24 $0.25 $0.35 $0.84
Basic 2,278.6 2,281.9 2,284.7 2,285.5 2,285.6 2,285.6 2,285.6 2,285.6 2,285.6 2,285.7 2,285.9 2,275.1 2,282.2
Diluted 2,282.5 2,284.5 2,285.5 2,285.6 2,285.6 2,285.6 2,285.6 2,285.7 2,286.4 2,287.1 2,287.5 2,276.4 2,284.3
Notes:
(^) Earnings Per Share and weighted average equity shares have been adjusted for 1:1 bonus issue/stock dividend given in Dec-14 and June-15.
Index
Notes:
Transition to IFRS took place from Q3 FY09 prior to which the financials highlighted are reported under US GAAP.
Index
IFRS CASH FLOW STATEMENT (INR crs)
FY 09 FY 10
OPERATING ACTIVITIES
Net Profit 5,975 6,219
INVESTING ACTIVITIES
Expenditure on property, plant and equipment, net of sale proceeds, including changes in (1,326) (655)
retention money and capital creditors
Loans to employees (1) 7
Deposits placed with corporation (92) (28)
Income on investments 12 106
Investment in associate - -
Payment for acquisition of business, net of cash acquired (16) (173)
Payment for acquisition of intangible assets - -
Payment of contingent consideration pertaining to acquisition of business - -
Investment in equity and preference securities - -
Investment in others - -
Proceeds from equity and preference securities - -
Investments in certificates of deposit (193) (1,180)
Redemption of certificates of deposit 200 -
Investment in quoted debt securities - -
Redemption of quoted debt securities - -
Investment in liquid mutual fund units (867) (9,901)
Redemption of liquid mutual fund units 939 7,436
Investment in fixed maturity plan securities - -
Redemption of fixed maturity plan securities - -
FINANCING ACTIVITIES
Contribution to trust corpus - -
Proceeds from issuance of common stock on exercise of employee stock options 64 89
Repayment of borrowings taken over from Lodestone - -
Buy Back of equity shares including transaction cost - -
Payment of dividends (includes corporate dividend tax) (2,494) (1,569)
Supplementary information:
Restricted cash balance 2 71
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 Q1 18 Q2 18
58 95 25 77 (121) 16 (122) 38 31
4,497 3,830 1,216 4,041 4,538 2,314 (9,950) 454 191
12,111 16,666 20,591 21,832 25,950 30,367 32,697 22,625 23,117
16,666 20,591 21,832 25,950 30,367 32,697 22,625 23,117 23,339
5,130 12,339
498 1,404
151 2,925
(185) (661)
23 14
- -
26 62
17 17
728 (891)
(555) (604)
(36) 126
139 119
315 536
2 659
6,253 - 16,045
(1,996) (4,806)
4,257 - 11,239
(415) (1,374)
10 26
(12) (32)
103 325
-
- (27)
- -
- (33)
(10) (23)
- (14)
25 25
(1,845) (2,268)
7,920 9,690
- (105)
6 10
(22,116) (47,880)
25,845 48,915
- -
- -
9,511 - 7,235
- -
- -
- -
(13,046) (13,046)
(3,408) (7,469)
(16,454) - (20,515)
(42) 27
(2,686) (2,041)
23,339 22,625
20,611 - 20,611
553 553
Index
FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 Q1 18 Q2 18 Q3 18 Q4 18 FY 18 YTD
OPERATING ACTIVITIES
Net profit 1,281 1,313 1,499 1,716 1,725 1,751 2,013 2,052 2,140 541 578 796 1,915
Cash generated from operations 1,603 1,827 1,925 2,337 2,341 2,641 2,858 2,754 2,942 831 690 967 - 2,488
Income taxes paid (194) (370) (627) (656) (603) (638) (1,102) (892) (843) (187) (249) (310) (746)
Net cash provided by operating activities 1,409 1,457 1,298 1,681 1,738 2,003 1,756 1,862 2,099 644 441 657 - 1,742
INVESTING ACTIVITIES
Payment for acquisition of business, net of cash acquired/ contingent con (4) (37) - (42) (213) - (206) (117) (5) (5) (4) - (9)
Investment in associates - (15) - - - - -
Investments in equity and preference securities (12) (10) (2) - (2) (4)
Expenditure on property, plant and equipment, net of sale proceeds, inclu (285) (143) (285) (301) (354) (451) (367) (413) (411) (86) (63) (64) (213)
Payment on acquisition of IPR (19) (30) - - - - - - - -
Proceeds on sale of property, plant and equipment 1 - - - - - - - - - - -
Loans to employees (1) 2 (7) (5) (11) (4) (1) (11) 4 3 - - 3
Deposits with corporations (20) (6) (22) (23) (45) (37) (22) (22) (25) (1) (2) (2) (5)
Income on investments 3 22 5 6 41 33 54 26 32 13 21 16 50
Investments in govt. bonds (12) - - - - - - - -
Investments in quoted debt securities (57) (154) - (46) (638) - (16) - (16)
Redemption of quoted debt securities - - - - - - - - 1 1 - 1 2
Investment in fixed maturity plan services - (24) (5) - - - - - -
Redemption of fixed maturity plan services 25 5 - - - - -
Proceeds from sale of equity and preference securities 12 - - - - - - - - - 4 4
Investment in liquid mutual fund units and fixed maturity plan securities (186) (2,091) (425) (1,247) (4,029) (3,731) (3,901) (3,676) (8,083) (2,557) (1,443) (3,431) (7,431)
Redemption of mutual fund/ current investments 202 1,559 973 1,245 3,716 3,681 4,098 3,795 7,759 2,604 977 4,011 7,592
Investments in others - (3) (4) (1) (1) - (2)
Investments in certificate of deposits (41) (249) (185) (75) - (210) - - (1,167) (44) (22) (286) (352)
Redemption of certificate of deposits 41 - 436 31 67 74 135 - - 23 252 1,229 1,504
Net cash used in investing activities (291) (930) 490 (430) (927) (823) (205) (474) (2,547) (52) (301) 1,476 - 1,123
FINANCING ACTIVITIES
Net cash used in financing activities (545) (310) (811) (500) (583) (519) (815) (1,059) (1,032) (522) (108) (2,568) - (3,198)
Effect of exchange rate changes on cash and cash equivalents (464) 304 62 (441) (254) (351) (208) (253) 34 20 (36) 86 70
Net increase/(decrease) in cash and cash equivalents 573 217 977 751 228 661 736 329 (1,480) 70 32 (435) - (333)
Cash and cash equivalents at the beginning of the period 2,058 2,167 2,698 3,737 4,047 4,021 4,331 4,859 4,935 3,489 3,579 3,575 3,489
Opening balance of cash and equivalents arising on consolidation on
controlled trusts 10 - -
Cash and cash equivalents at the end of the period 2,167 2,698 3,737 4,047 4,021 4,331 4,859 4,935 3,489 3,579 3,575 3,226 - 3,226
Supplementary information:
Restricted cash balance - 16 24 52 56 53 58 74 88 93 85 87 87
Index Operating Metrics
OPERATING METRICS
FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 Q1 18 Q2 18 Q3 18 Q4 18 FY 18 YTD
1 Employee Metrics
Employees, period end
Total Employees (Consolidated) 91,187 104,850 113,796 130,820 149,994 156,688 160,405 176,187 194,044 200,364 198,553 198,440 201,691 201,691
S/W professionals (IT Services and Consulting) 69,569 81,219 89,947 106,696 122,337 123,666 125,344 137,452 151,922 157,407 155,993 155,756 158,527 158,527
Billable 64,422 70,794 76,828 92,183 105,957 112,440 111,986 126,421 141,088 147,372 147,810 149,544 149,518 149,518
Banking Product Group 2,053 2,349 4,730 6,220 8,139 7,249 6,254 5,357 5,122 4,753 4,770 4,498 4,367 4,367
Trainees 3,094 8,076 8,389 8,293 8,241 3,977 7,104 5,674 5,712 5,282 3,413 1,714 4,642 4,642
Support and sales 5,323 6,551 5,917 6,011 7,134 8,388 7,904 8,422 9,811 9,818 9,749 9,714 9,738 9,738
Infosys BPM 16,295 17,080 17,932 18,113 20,523 24,634 27,157 30,313 32,311 33,139 32,811 32,970 33,426 33,426
Gross additions - consolidated 33,177 28,231 27,639 43,120 45,605 37,036 39,985 53,386 52,545 44,235 8,645 10,514 12,622 31,781
Net additions - consolidated 18,946 13,663 8,946 17,024 19,174 6,694 3,717 15,782 17,857 6,320 (1,811) (113) 3,251 1,327
Attrition - annualized standalone % 13.4% 11.1% 13.4% 17.0% 14.7% 16.3% 18.7% 18.9% 13.6% 15.0% 16.9% 17.2% 15.8% 16.5%
Attrition - annualized consolidated % 21.3% 18.8% 19.8% 22.9% 22.3% 18.7% 19.2% 21.0% 21.4% 18.7% 20.2%
3 Utilization measures
a IT Services and Consulting
Including trainees 69.4% 67.3% 65.7% 70.3% 66.9% 67.0% 72.3% 74.6% 75.0% 77.6% 80.2% 81.8% 82.1% 81.4%
Excluding trainees 75.8% 72.5% 72.6% 78.2% 74.1% 70.7% 76.4% 80.9% 80.6% 81.7% 84.0% 84.7% 84.9% 84.5%
Utilization measures
b IT Services and Consulting + Product
Including trainees 70.7% 68.9% 67.5% 72.1% 69.0% 68.9% 73.7% 75.5% 75.9% 78.2% 80.8% 82.3% 82.5% 81.9%
Excluding trainees 76.9% 73.9% 74.2% 79.6% 75.9% 72.5% 77.6% 81.6% 81.3% 82.3% 84.5% 85.1% 85.4% 85.0%
4 Revenue segmentation
a Revenue by geography
North America 62.0% 63.2% 65.8% 65.3% 63.9% 62.2% 60.7% 61.5% 62.7% 61.9% 61.1% 60.6% 60.4% 60.7%
Europe 28.1% 26.4% 23.0% 21.5% 21.9% 23.1% 24.4% 24.1% 23.0% 22.5% 22.4% 23.2% 24.4% 23.4%
India 1.3% 1.3% 1.2% 2.2% 2.2% 2.1% 2.6% 2.4% 2.6% 3.2% 3.6% 3.3% 3.0% 3.3%
ROW 8.6% 9.1% 10.0% 11.0% 12.0% 12.6% 12.3% 12.0% 11.7% 12.4% 12.9% 12.9% 12.2% 12.6%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
b Revenue by industry
FSI (Financial Services and Insurance) 35.7% 33.9% 34.0% 35.9% 35.1% 33.9% 33.6% 33.2% 33.0% 33.2% 33.3% 33.4% 33.1% 33.3%
Banking & financial services 28.5% 26.7% 26.3% 27.7% 27.9% 27.1% 27.2% 27.0% 27.3% 27.3% 27.1% 27.0% 26.3% 26.8%
Insurance 7.2% 7.2% 7.7% 8.1% 7.2% 6.8% 6.4% 6.2% 5.7% 5.9% 6.2% 6.4% 6.8% 6.5%
Manufacturing & Hi-tech 14.7% 19.7% 19.8% 19.6% 20.5% 22.0% 22.9% 23.4% 23.3% 22.6% 22.2% 22.0% 21.8% 22.0%
RCL (Retail, Logistics, CPG and Life Sciences) 14.3% 14.9% 20.3% 20.5% 23.0% 23.9% 24.3% 23.6% 24.4% 23.4% 22.7% 22.6% 22.7% 22.6%
Retail & CPG 11.8% 12.6% 13.3% 14.2% 15.7% 16.3% 15.8% 15.3% 14.9% 14.7% 14.2% 13.8% 14.1% 14.0%
Transport & Logistics 2.5% 2.3% 2.0% 1.9% 1.8% 1.7% 1.7% 1.5% 1.8% 2.0% 1.9% 2.0% 2.1% 2.0%
Life Sciences 3.8% 3.5% 3.9% 4.3% 4.7% 4.9% 5.8% 4.6% 4.6% 4.8% 4.6% 4.7%
Healthcare 1.1% 1.0% 1.6% 1.6% 2.1% 1.9% 1.9% 2.1% 2.0% 2.0% 1.9% 1.9%
ECS (Energy & Utilities, Communications and Services) 35.3% 31.5% 25.9% 24.0% 21.4% 20.2% 19.2% 19.8% 19.3% 20.8% 21.8% 22.0% 22.4% 22.1%
Energy & Utilities 5.2% 5.7% 5.9% 6.1% 5.9% 5.2% 5.1% 5.0% 4.8% 4.9% 5.2% 5.5% 5.8% 5.5%
Communication and Services 28.2% 23.3% 16.1% 12.9% 10.2% 9.7% 8.3% 8.7% 8.2% 9.4% 10.4% 10.4% 10.5% 10.4%
Others 1.9% 2.5% 3.9% 5.0% 5.3% 5.3% 5.8% 6.1% 6.3% 6.5% 6.2% 6.1% 6.1% 6.2%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Business IT Services 69.8% 67.6% 67.2% 63.5% 63.0% 62.9% 61.6% 62.7% 61.8% 62.3% 62.0% 62.3% 61.9% 62.1%
Application Development 21.7% 20.5% 18.0% 16.0% 16.8% 16.3% 15.8% 15.3% 14.0% 15.2% 15.4% 15.6% 15.4% 15.4%
Application Maintenance 23.7% 21.9% 23.3% 22.9% 21.6% 20.5% 19.3% 19.2% 19.6% 17.9% 16.7% 16.0% 16.2% 16.3%
Infrastructure Management Services 4.9% 6.3% 7.2% 6.3% 6.0% 6.9% 7.1% 8.0% 8.1% 8.4% 8.4% 9.0% 8.8% 8.7%
Testing Services 7.5% 6.8% 6.4% 7.5% 7.9% 8.4% 8.7% 9.2% 9.0% 9.1% 9.3% 9.4% 9.4% 9.4%
Business Process Management 5.7% 6.0% 6.1% 5.6% 4.6% 5.0% 5.2% 5.3% 4.9% 5.0% 5.0% 5.1% 5.3% 5.2%
Product Engineering Services 1.6% 2.2% 2.2% 2.4% 3.4% 3.3% 3.3% 3.4% 3.4% 3.8% 4.1% 4.1% 4.0% 4.1%
Others 4.7% 3.9% 4.0% 2.8% 2.7% 2.5% 2.2% 2.3% 2.8% 2.9% 3.1% 3.1% 2.8% 3.0%
Consulting, Package Implementation & Others 26.6% 28.5% 28.6% 31.2% 31.2% 31.4% 33.2% 32.5% 33.2% 32.3% 32.6% 32.5% 32.8% 32.6%
Products and Platforms 3.6% 3.9% 4.2% 5.3% 5.8% 5.7% 5.2% 4.8% 5.0% 5.4% 5.4% 5.2% 5.3% 5.3%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
e Revenue from New Services and New Software started since Apr 01,2015
New Services 8.3% 9.4% 9.9%
New Software 1.6% 1.6% 1.7%
5 Client metrics
a Top client contribution to revenues 9.1% 6.9% 4.6% 4.7% 4.3% 3.8% 3.8% 3.3% 3.6% 3.4% 3.3% 3.4% 3.4%
Top 10 client contribution to revenues 31.4% 27.7% 26.2% 25.7% 24.6% 24.6% 23.8% 22.7% 22.5% 21.0% 20.0% 19.5% 19.2%
Top 25 client contribution to revenues 36.7% 36.0% 36.0% 35.3%
Number of active clients 538 579 575 620 694 798 890 950 1,092 1,162 1,164 1,173 1,191
New clients added in the period 170 156 141 139 172 235 238 221 325 321 59 72 79
b Repeat business % 97.0% 97.6% 97.3% 98.0% 97.8% 97.8% 97.7% 97.8% 97.1% 97.3% 99.4% 98.7% 98.3%
c Revenue buckets
Million $ clients 310 327 338 366 399 448 501 529 558 598 606 620 630 630
5 Million $ clients 141 151 159 187 190 213 232 244 268 282 279 286 290 290
10 Million $ clients 89 101 97 126 132 137 148 159 177 189 190 186 198 198
25 Million $ clients 69 78 83 88 91 97 100 101 101
50 Million $ clients 18 20 26 28 40 40 42 47 52
Operating 56
Metrics 56 55 56 56
75 Million $ clients 23 24 29 31 31 31 31 34 34
100 Million $ clients 6 4 6 11 13 12 13 15 14 19 18 19 20 20
7 Revenue per employee- consolidated 51.9 52.3 50.7 51.4 51.9 52.7 53.7
8 Avg USD-INR rate 40.00 46.54 47.44 45.54 48.10 54.54 60.75 61.18 65.69 67.11 64.41 64.39 64.59 64.46
Period end USD-INR rate 40.02 50.72 44.90 44.60 50.88 54.29 59.92 62.50 66.26 64.85 64.58 65.29 63.88 63.88
9 Currency-wise revenues
USD 69.5% 71.1% 73.3% 72.8% 71.7% 70.6% 68.8% 68.9% 69.9% 69.6% 68.7% 68.0% 67.7%
GBP 14.9% 12.7% 9.2% 7.2% 6.8% 6.4% 5.9% 5.9% 6.6% 5.8% 5.4% 5.3% 5.4%
Euro 5.7% 7.1% 6.9% 6.9% 7.7% 8.8% 10.3% 10.2% 9.3% 9.6% 10.1% 10.8% 11.7%
AUD 4.8% 4.6% 5.8% 6.5% 7.6% 8.3% 7.9% 7.6% 6.9% 7.3% 7.8% 7.9% 7.3%
10 DSO (days) 72 57 59 63 60 64 62 65 66 68 68 71 70
11 Constant currency growth (qoq %) 25.5% 14.1% 6.5% 12.4% 7.1% 13.3% 8.3% 2.7% 2.2% 0.8% 5.6%
a By geography
- North America 1.3% 1.9% 0.7%
- Europe 3.1% 4.1% 4.7%
- ROW 6.9% 2.3% -4.0%
- India 11.2% -5.1% -5.9%
b By vertical- New classification
- Insurance, Banking and Financial services 2.0% 2.6% 0.1%
- Manufacturing and Hitech 1.5% 1.2% -0.1%
- Retail, CPG and Lifesciences 2.6% 1.7% 1.2%
- Energy, Communications and Services 4.9% 3.0% 2.5%
12 Large deal TCV ($ mn) 2,200 1,927 3,860 3,486 657 731 779
13 Cash and bank balances ($ mn) 2,076 2,167 3,532 3,769 4,121 4,413 5,048 5,214 5,202 5,979 6,091 6,340 4,538 4,538
comprising of
- Cash and bank deposits 1,911 2,351 3,385 3,746 3,449 3,729 4,192 4,139 2,296 2,398 2,232 1,857 1,857
- Deposits with corporations 256 347 352 301 572 602 667 796 1,193 1,181 1,343 1,369 1,369
- Current investments (qouted) - 569 5 6 320 367 140 11 318 341 809 261 261
- Investments in certificate of deposits 265 27 68 - 143 - - 1,219 1,264 1,044 128 128
- Non-current Investments 72 207 215 256 953 907 912 923 923
Total 1,911 2,351 3,385 3,746 3,449 3,729 4,192 4,139 2,296 2,398 2,232 1,857 - 1,857
For details on balances with individual Banks/FIs, pls refer to notes to accounts in IFRS financial statements at
http://www.infosys.com/investors/default.asp