EX-99.9 47 exv99w09.htm 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 ended June 30, 2009

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

Quarter ended June 30,

Year ended March 31,

 

2009

2008

2009

Income from software services, products and business process management

5,472

 4,854

 21,693

Software development and business process management expenses

2,915

 2,754

 11,765

Gross profit

2,557

 2,100

 9,928

Selling and marketing expenses

261

 257

 1,104

General and administration expenses

428

 364

 1,629

Operating profit before depreciation and minority interest

1,868

 1,479

 7,195

Depreciation

222

 169

 761

Operating profit before tax and minority interest

1,646

 1,310

 6,434

Other income, net

269

 117

 473

Net profit before tax and minority interest

1,915

 1,427

 6,907

Provision for taxation

388

 125

 919

Net profit after tax and before minority interest

1,527

 1,302

 5,988

Minority interest

 –

  –

  –

Net profit after tax and minority interest

1,527

 1,302

 5,988

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

287

 286

 286

Reserves and surplus

19,550

 14,863

 17,968

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

 

 

 

   Basic

26.66

 22.75

 104.60

   Diluted

26.63

 22.70

 104.43

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

 

 

 

   Interim dividend

  –

  –

 10.00

   Final dividend

  –

  –

 13.50

   Total dividend

  –

  –

 23.50

   Total dividend percentage

  –

  –

 470.00

Total Public Shareholding#

 

 

 

Number of shares

37,38,41,312

36,82,98,570

36,87,57,435

Percentage of shareholding

 65.24

 64.35

 64.37

Promoters and Promoter Group Shareholding

 

 

 

Pledged / Encumbered

 

 

 

   Number of shares*

  –

 16,000

 16,000

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

  –

 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

9,44,68,978

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

 100.00

 99.98

 99.98

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

 16.49

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 ended June 30, 2009 is available on our website www.infosys.com

Other information:

(in Rs. crore)
Particulars

Quarter ended June 30,

Year ended March 31,

 

2009

2008

2009

Staff costs

2,878

 2,633

 11,405

Items exceeding 10% of aggregate expenditure

 –

  –

  –

Details of other income:

 

 

 

   Interest on deposits with banks and others

226

 193

 871

   Dividend on investments in liquid mutual funds

10

 2

 5

   Miscellaneous income, net

2

 2

 36

   Gains / (losses) on foreign currency

31

 (80)

 (439)

Total

269

 117

 473

Notes:

1.
The audited financial statements have been taken on record by the Board of Directors at its meeting held on July 10, 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.
Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter ended June 30, 2009.
Nature of complaints received
Opening balance Additions Disposal Closing balance
Dividend / Annual report related 114 114
3.
During the quarter ended June 30, 2009 and year ended March 31, 2009, the Company made additional investments of US$ 10 million (Rs. 50 crore) and US$ 5 million (Rs. 22 crore) in Infosys Consulting, which is a wholly owned subsidiary. As of June 30, 2009, the Company has invested an aggregate of US$ 55 million (Rs. 243 crore) in the subsidiary.
4.
On May 2, 2009 the Board of Directors co-opted Mr. K V Kamath as an Additional Director. His appointment as Director, liable to retire by rotation, was approved by the shareholders at the 28th Annual General Meeting held in Bangalore on June 20, 2009.
5.
The final dividend of Rs. 13.50 per share (270% on an equity share of par value of Rs. 5/- each) for fiscal 2009 was approved by the shareholders at the Annual General Meeting of the company held on June 20, 2009 and the same was paid subsequently.
6.
Mr. Nandan M Nilekani has been appointed the Chairperson of Unique Identification Authority of India and consequent to that has relinquished the positions of Co-Chairman, Member of the Board and employee of Infosys effective July 9, 2009.

Segment reporting (Consolidated - Audited)

(in Rs. crore)
Particulars

Quarter ended June 30,

Year ended March 31,

 

2009

2008

2009

Revenue by industry segment

 

 

 

   Financial services

1,807

 1,674

 7,358

   Manufacturing

1,121

 894

 4,289

   Telecom

922

 959

 3,906

   Retail

723

 590

 2,728

   Others

899

 737

 3,412

Total

5,472

 4,854

 21,693

Less: Inter-segment revenue

 –

  –

  –

Net revenue from operations

5,472

 4,854

 21,693

Segment profit before tax, depreciation and minority interest:

 

 

 

   Financial services

599

 481

 2,374

   Manufacturing

350

 246

 1,326

   Telecom

367

 351

 1,442

   Retail

240

 174

 888

   Others

312

 227

 1,165

Total

1.868

 1,479

 7,195

Less: Other un-allocable expenditure

222

 169

 761

           (excluding un-allocable income)

 

 

 

Operating profit before tax and minority interest

1,646

 1,310

 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 constitutes 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
July 10, 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 quarter ended June 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

Quarter ended June 30,

Year ended March 31,

 

2009

2008

2009

Revenues

1,122

1,155

4,663

Cost of sales

643

 697

2,699

Gross profit

479

 458

1,964

Net income

313

 308

1,281

Earnings per American Depositary Share (ADS)

 

 

 

   Basic

0.55

 0.54

 2.25

   Diluted

0.55

 0.54

 2.25

Total assets

4,825

4,157

 4,376

Cash and cash equivalents

2,270

1,722

 2,167

Available-for-sale financial assets

240

 35

  –

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

(in US$ million)
Particulars

Quarter ended June 30,

Year ended March 31,

 

2009

2008

2009

Consolidated net profit as per Indian GAAP

313

 308

 1,284

Amortization of intangible assets

 –

  –

 (2)

Share-based compensation (IFRS 2)

 –

  –

 (1)

Consolidated net income as per IFRS

313

 308

 1,281

Certain statements in this release concerning our future growth prospects are forward-looking statements, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, 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 the success of our investments, risks and uncertainties regarding fluctuations in earnings including on account of currency fluctuations, our ability to sustain our previous levels of profitability, our ability to manage growth, intense competition in information technology, business process outsourcing and consulting services including those factors which may affect our cost advantage, client concentration, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, 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 we have made strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, economic slowdowns or adverse economic conditions in the markets for our services 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, 2009 and our other recent filings. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by or on our behalf.