EX-99.9 49 exv99w09.htm FORM OF ADVERTISEMENT exv99w09 - Form of Advertisement
Exhibit 99.9
Form of Advertisement
 
 
(INFOSYS LOGO)

Infosys Technologies Limited

Regd. office: Electronics City, Hosur Road, Bangalore – 560 100, India.
 

Audited consolidated financial results of Infosys Technologies Limited and its subsidiaries for the quarter and half-year ended September 30, 2009

(in Rs. crore, except per share data)
Particulars

Quarter ended September 30,

Half-year ended September 30,

Year ended March 31,

 

2009

2008

2009

2008

2009

Income from software services, products and business process management

 5,585

 5,418

 11,057

 10,272

 21,693

Software development and business process management expenses

 2,963

 2,891

 5,878

 5,645

 11,765

Gross profit

2,622

 2,527

 5,179

 4,627

 9,928

Selling and marketing expenses

276

 303

 537

 560

 1,104

General and administration expenses

 413

 430

 841

 794

 1,629

Operating profit before depreciation and minority interest

1,933

 1,794

 3,801

 3,273

 7,195

Depreciation

232

 177

 454

 346

 761

Operating profit before tax and minority interest

1,701

 1,617

 3,347

 2,927

 6,434

Other income, net

236

 66

 505

 183

 473

Net profit before tax and minority interest

1,937

 1,683

 3,852

 3,110

 6,907

Provision for taxation

397

 251

 785

 376

 919

Net profit after tax and before minority interest

 1,540

 1,432

 3,067

 2,734

 5,988

Minority interest

 –

 –

 –

 –

 –

Net profit after tax and minority interest

 1,540

 1,432

 3,067

 2,734

 5,988

Paid-up equity share capital (par value Rs. 5/- each, fully paid)

287

 286

 287

 286

 286

Reserves and surplus

20,470

 15,631

 20,470

 15,631

 17,968

Earnings per share (par value Rs. 5/- each)

 

 

 

 

 

    Basic

26.86

 25.02

 53.52

 47.78

 104.60

    Diluted

26.83

 24.97

 52.45

 47.67

 104.43

Dividend per share (par value Rs. 5/- each) (Refer Note 2)

 

 

 

 

 

Interim dividend

10.00

 10.00

 10.00

 10.00

 10.00

Final dividend

 –

 –

 –

 –

 13.50

Total dividend

10.00

 10.00

 10.00

 10.00

 23.50

Total Public Shareholding#

 

 

 

 

 

Number of shares

37,25,67,451

36,82,72,931

37,25,67,451

36,82,72,931

36,87,57,435

Percentage of shareholding

64.99

 64.33

 64.99

 64.33

 64.37

Promoters and Promoter Group Shareholding

 

 

 

 

 

Pledged / Encumbered

 

 

 

 

 

    Number of shares*

 –

 16,000

 –

 16,000

 16,000

    Percentage of shares (as a % of the total shareholding of promoter and promoter group)

 –

 0.02

 –

 0.02

 0.02

    Percentage of shares (as a % of the total share capital of the company)

 –

 –

 –

 –

 –

Non-encumbered

 

 

 

 

 

    Number of shares

9,44,84,978

9,44,68,978

9,44,84,978

9,44,68,978

9,44,68,978

    Percentage of shares (as a % of the total shareholding of promoter and promoter group)

 100.00

 99.98

 100.00

 99.98

 99.98

    Percentage of shares (as a % of the total share capital of the company)

16.48

 16.49

 16.48

 16.49

 16.49

# Total public shareholding as defined under Clause 40A of the Listing Agreement (excludes shares held by founders and American Depositary Receipt holders).
* Pledge released on April 13, 2009
Note: The audited results of Infosys Technologies Limited for the quarter and half-year ended September 30, 2009 is available on our website www.infosys.com

Other information:

(in Rs. crore)
Particulars

Quarter ended September 30,

Half-year ended September 30,

Year ended March 31,

 

2009

2008

2009

2008

2009

Staff costs

 2,978

 2,769

 5,856

 5,402

 11,405

Items exceeding 10% of aggregate expenditure

 –

 –

 –

 –

 –

Details of other income:

 

 

 

 

 

    Interest on deposits with banks and others

 195

 190

 421

 383

 871

    Dividend on investments in liquid mutual funds

 23

 1

 33

 3

 5

    Miscellaneous income, net

 4

 1

 6

 3

 36

    Gains/(losses) on foreign currency

 14

 (126)

 45

 (206)

 (439)

Total

 236

 66

 505

 183

 473

Notes:

1.
The audited financial statements have been taken on record by the Board of Directors at its meeting held on October 9, 2009. There are no qualifications in the auditors’ reports for these periods. The information presented above is extracted from the audited financial statements as stated. The financial statements are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated financial statements as set out in the Accounting Standard on Consolidated Financial Statements mandated by Rule 3 of the Companies (Accounting Standards) Rules, 2006, the provisions of the Companies Act, 1956 and guidelines issued by the Securities and Exchange Board of India.
2.
An interim dividend of Rs. 10.00 per share has been declared at the above board meeting. The record date for the payment of the dividend will be October 16, 2009. The interim dividend declared in the previous year was Rs. 10.00 per share.
3.
Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter ended September 30, 2009.
Nature of complaints received
Opening balance Additions Disposal Closing balance
Dividend / Bonus / Annual report related  – 184  184  –
           

Segment reporting (Consolidated - Audited)

(in Rs. crore)

Particulars

Quarter ended September 30,

Half-year ended September 30,

Year ended March 31,

 

2009

2008

2009

2008

2009

Revenue by industry segment

 

 

 

 

 

    Financial services

 1,871

 1,804

 3,678

 3,478

 7,358

    Manufacturing

 1,080

 1,090

 2,201

 1,984

 4,289

    Telecom

 902

 1,034

 1,824

 1,993

 3,906

    Retail

 787

 652

 1,510

 1,242

 2,728

    Others

 945

 838

 1,844

 1,575

 3,412

Total

 5,585

 5,418

 11,057

 10,272

 21,693

Less: Inter-segment revenue

 –

 –

 –

 –

 –

Net revenue from operations

 5,585

 5,418

 11,057

 10,272

 21,693

Segment profit before tax, depreciation and minority interest:

 

 

 

 

 

    Financial services

 651

 571

 1,250

 1,052

 2,374

    Manufacturing

 300

 349

 650

 595

 1,326

    Telecom

 352

 392

 719

 743

 1,442

    Retail

 284

 204

 524

 378

 888

    Others

 346

 278

 658

 505

 1,165

Total

 1,933

 1,794

 3,801

 3,273

 7,195

Less: Other un-allocable expenditure

 232

 177

 454

 346

 761

           (excluding un-allocable income)

 

 

 

 

 

Operating profit before tax and minority interest

 1,701

 1,617

 3,347

 2,927

 6,434

Notes on segment information

Principal segments

The company’s operations predominantly relate to providing technology services, delivered to clients globally, operating in various industry segments. Accordingly, revenues represented along industries served constitute the primary basis of the segmental information set out above.

Segmental capital employed

Fixed assets used in the company’s business or liabilities contracted have not been identified to any of the reportable segments, as the fixed assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made.

   
By order of the Board
   
for Infosys Technologies Limited
   
Bangalore, India S. D. Shibulal
S. Gopalakrishnan
October 9, 2009 Chief Operating Officer
Chief Executive Officer
  and Director
and Managing Director

The Board has also taken on record the unaudited consolidated results of Infosys Technologies Limited and its subsidiaries for the three months and six months ended September 30, 2009, prepared as per International Financial Reporting Standards (IFRS). A summary of the financial statements is as follows:

(in US$ million, except per ADS data)
Particulars

Three months ended September 30,

Six months ended September 30,

Year endedMarch 31,

 

2009

2008

2009

2008

2009

Revenues

1,154

1,216

2,276

2,371

4,663

Cost of sales

 662

 691

 1,305

 1,388

2,699

Gross profit

 492

 525

 971

 983

1,964

Net income

 317

 320

 630

 628

1,281

Earnings per American Depositary Share (ADS)

 

 

 

 

 

    Basic

 0.56

 0.56

 1.10

 1.10

 2.25

    Diluted

 0.56

 0.56

 1.10

 1.10

 2.25

Total assets

 5,188

4,169

5,188

4,169

 4,376

Cash and cash equivalents including available-for-sale financial assets

 2,878

1,886

2,878

1,886

 2,167

The reconciliation of net profit as per Indian GAAP and IFRS is as follows:

(in US$ million)
Particulars

Three months ended September 30,

Six months ended September 30,

Year ended March 31,

 

2009

2008

2009

2008

2009

Consolidated net profit as per Indian GAAP

 318

 321

 631

 629

 1,284

Amortization of intangible assets

 (1)

 (1)

 (1)

 (1)

 (2)

Share-based compensation (IFRS 2)

 –

 –

 –

 –

 (1)

Consolidated net profit as per IFRS

 317

 320

 630

 628

 1,281

Statements in connection with this release may include forward-looking statements within the meaning of U.S. Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2009, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.