EX-99.9 CUST CONTRCT 10 exv99w09.htm ADVERTISEMENT exv99w09.htm
Exhibit 99.9
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Infosys Limited
Regd. office: Electronics City, Hosur Road, Bangalore – 560 100, India.
 

 
Audited Consolidated Financial Results of Infosys Limited and its subsidiaries for the quarter and nine months ended December 31, 2011 prepared in compliance with International Financial Reporting Standards as issued by International Accounting Standards Board (IFRS)
(in Rupee symbolcrore, except per share data)
Particulars
Quarter ended December 31,
Quarter ended September 30,
Quarter ended December 31,
Nine months ended
December 31,
Year ended
March 31,
 
2011
2011
2010
2011
2010
2011
Revenues
 9,298
 8,099
 7,106
 24,882
 20,251
 27,501
Cost of sales
 5,288
 4,744
 4,063
 14,609
 11,682
 15,916
Gross profit
 4,010
 3,355
 3,043
 10,273
 8,569
 11,585
Selling and marketing expenses
 451
 456
 393
 1,305
 1,112
 1,512
Administrative expenses
 660
 618
 503
 1,836
 1,457
 1,971
Operating profit
 2,899
 2,281
 2,147
 7,132
 6,000
 8,102
Other income
 422
 387
 290
 1,252
 796
 1,211
Profit before income taxes
 3,321
 2,668
 2,437
 8,384
 6,796
 9,313
Income tax expense
 949
 762
 657
 2,384
 1,791
 2,490
Net profit
 2,372
 1,906
 1,780
 6,000
 5,005
 6,823
Paid-up equity share capital (par value Rupee symbol5/- each, fully paid)
 286
 286
 286
 286
 286
 286
Share premium, retained earnings and other components of equity*
 27,017
 27,017
 23,787
 27,017
 23,787
 27,017
Earnings per share (par value Rupee symbol5/- each)
            
Basic
 41.51
 33.36
 31.15
 105.01
 87.62
 119.45
Diluted
 41.51
 33.36
 31.14
 105.01
 87.59
 119.41
Total Public Shareholding#
            
Number of shares
40,10,65,985
40,40,87,749
37,70,79,525
40,10,65,985
37,70,79,525
38,10,16,460
Percentage of shareholding
 69.84
 70.37
 65.67
 69.84
 65.67
 66.36
Promoters and Promoter Group Shareholding
            
Pledged / Encumbered
            
Number of shares
 –
 –
 –
 –
 –
 –
Percentage of shares (as a % of the total shareholding of promoter and promoter group)
 –
 –
 –
 –
 –
 –
Percentage of shares (as a % of the total share capital of the company)
 –
 –
 –
 –
 –
 –
Non-encumbered
            
Number of shares
9,20,85,078
9,20,85,078
9,20,85,078
9,20,85,078
9,20,85,078
9,20,85,078
Percentage of shares (as a % of the total shareholding of promoter and promoter group)
 100.00
 100.00
 100.00
 100.00
 100.00
 100.00
Percentage of shares (as a % of the total share capital of the company)
 16.04
 16.04
 16.04
 16.04
 16.04
 16.04
*
Represents the previous accounting year balance as required under Clause 41 of the listing agreement.
#
Total Public Shareholding as defined under Clause 40A of the Listing Agreement excludes shares held by founders and American Depository Receipt Holders
 
1.
The audited consolidated financial statements for the quarter and nine months ended December 31, 2011 have been taken on record by the Board of Directors at its meeting held on January 12, 2012. The statutory auditors have expressed an unqualified audit opinion. The information presented above is extracted from the audited consolidated financial statements. The consolidated financial statements are prepared in accordance with International Financial Reporting Standards as issued by International Accounting Standards Board (IFRS).
2.
An interim dividend of Rupee symbol15/- per equity share was declared on October 12, 2011 and paid on October 24, 2011. The interim dividend declared in the previous year was Rupee symbol40/- per equity share, which included a 30th year special dividend of Rupee symbol30/- per equity share.
 
(in Rupee symbol)
Particulars
Quarter ended December 31,
Quarter ended September 30,
Quarter ended December 31,
Nine months ended
December 31,
 Year ended
March 31,
  2011 2011
2010
2011
 2010
2011
Dividend per share (par value Rupee symbol5/- each)
          
 
Interim dividend
 –
 15.00
 –
 15.00
 10.00
 10.00
30th year special dividend
 –
 –
 –
 –
 30.00
 30.00
Final dividend
 –
 –
 –
 –
 –
 20.00
Total dividend
 –
 15.00
 –
 15.00
 40.00
 60.00
 
3.
Other information (Consolidated – Audited)
(in Rupee symbolcrore)
Particulars
Quarter ended December 31,
Quarter ended September 30,
Quarter ended December 31,
Nine months ended
December 31,
Year ended
March 31,
 
2011
2011
2010
2011
2010
2011
Staff costs
 4,840
 4,468
 3,840
 13,553
 10,904
 14,856
Items exceeding 10% of aggregate expenditure
 –
 –
 –
 –
 –
 –
Details of other income:
            
Interest on deposits with banks and others
 426
 410
 272
 1,223
 766
 1,133
Income from available-for-sale financial assets/investments
 11
 7
 1
 23
 23
 23
Miscellaneous income, net
 5
 3
 1
 14
 6
 13
Gains/(losses) on foreign currency
 (20)
 (33)
 16
 (8)
 1
 42
Total
 422
 387
 290
 1,252
 796
 1,211

4.
Audited Financial Results of Infosys Limited (Standalone Information)
(in Rupee symbolcrore)
Particulars
Quarter ended December 31,
Quarter ended September 30,
Quarter ended December 31,
Nine months ended
December 31,
Year ended
March 31,
 
2011
2011
2010
2011
2010
2011
Revenues
 8,696
 7,470
 6,534
 23,071
 18,717
 25,385
Profit before tax
 3,146
 2,541
 2,268
 7,985
 6,424
 8,821
Profit after tax
 2,235
 1,822
 1,641
 5,711
 4,713
 6,443
Note:
The audited results of Infosys Limited for the above mentioned periods are available on our website www.infosys.com. The information above has been extracted from the audited financial statements as stated.

 
5.
Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter ended December 31, 2011
 
Nature of complaints received
Opening balance
Additions
Disposal
Closing balance
Non receipt of dividend/Annual report related
 –
 183
 183
 –
 
6.
Segment Reporting
(in Rupee symbolcrore)
Particulars
Quarter ended December 31,
Quarter ended September 30,
Quarter ended December 31,
Nine months ended
December 31,
  Year ended
March 31,
 
2011
2011
2010
2011
2010
2011
Revenue by industry segment
            
Financial services and insurance (FSI)
 3,281
 2,864
 2,574
 8,793
 7,274
 9,862
Manufacturing enterprises (MFG)
 1,897
 1,630
 1,389
 5,050
 3,911
 5,393
Energy, utilities and telecommunication services (ECS)
 1,967
 1,748
 1,655
 5,330
 4,981
 6,614
Retail, logistics, consumer product group, life sciences and health care enterprises (RCL)
 2,153
 1,857
 1,488
 5,709
 4,085
 5,632
Total
 9,298
 8,099
 7,106
 24,882
 20,251
 27,501
Less: Inter-segment revenue
 –
 –
 –
 –
 –
 –
Net revenue from operations
 9,298
 8,099
 7,106
 24,882
 20,251
 27,501
Segment profit before tax, depreciation and non-controlling interest :
            
Financial services and insurance (FSI)
 1,141
 897
 858
 2,805
 2,427
 3,284
Manufacturing enterprises (MFG)
 602
 467
 448
 1,489
 1,252
 1,712
Energy, utilities and telecommunication services (ECS)
 651
 576
 554
 1,714
 1,636
 2,169
Retail, logistics, consumer product group, life sciences and health care enterprises (RCL)
 743
 578
 504
 1,823
 1,329
 1,803
Total
 3,137
 2,518
 2,364
 7,831
 6,644
 8,968
Less: Other un-allocable expenditure
 238
 237
 217
 699
 644
 866
Add: Un-allocable other income
 422
 387
 290
 1,252
 796
 1,211
Profit before tax and non-controlling interest
 3,321
 2,668
 2,437
 8,384
 6,796
 9,313
 
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
 
Assets and liabilities used in the company’s business are not identified to any of the reportable segments, as these are used interchangeably between segments. Management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
 
The previous period figures, extracted from audited financial statements, have been presented after incorporating necessary reclassification adjustments pursuant to changes in reportable segments.
 
By order of the Board
for Infosys Limited
 
Bangalore, India
 S. D. Shibulal
January 12, 2012
Chief Executive Officer and Managing Director
 
 
The Board has also taken on record the unaudited consolidated results of Infosys Limited and its subsidiaries for the three months and nine months ended December 31, 2011, 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 December 31,
Quarter ended September 30,
Quarter ended December 31,
Nine months ended
December 31,
Year ended
March 31,
 
2011
2011
2010
2011
2010
2011
Revenues
1,806
1,746
1,585
5,223
4,439
6,041
Cost of sales
 1,030
 1,025
 906
 3,077
 2,561
 3,497
Gross profit
 776
 721
 679
 2,146
 1,878
 2,544
Net profit
 458
 411
 397
 1,253
 1,097
 1,499
Earnings per American Depositary Share (ADS)
            
 Basic
 0.80
 0.72
 0.69
 2.19
 1.92
 2.62
 Diluted
 0.80
 0.72
 0.69
 2.19
 1.92
 2.62
Total assets
6,836
7,046
6,558
6,836
6,558
7,010
Cash and cash equivalents including available-for-sale financial assets and certificates of deposit
3,719
3,797
3,555
3,719
3,555
3,769
 
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, 2011, 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.