6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the quarter ended March 31, 2018

Commission File Number 001-35754

Infosys Limited

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant's name into English)

Electronics City, Hosur Road, Bangalore - 560 100, Karnataka, India. +91-80-2852-0261

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) : o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) : o

TABLE OF CONTENTS

EXHIBIT 99.1

EXHIBIT 99.2

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Infosys Limited (“we” or “the Company”) hereby furnishes the United States Securities and Exchange Commission with copies of the following information concerning our public disclosures regarding our results of operations and financial condition for the quarter and year ended March 31, 2018.

The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On April 13, 2018, we announced our results of operations for the quarter and year ended March 31, 2018. We issued press releases announcing our results under International Financial Reporting Standards ("IFRS"), copies of which are attached to this Form 6-K as Exhibit 99.1.

We have placed form of release to stock exchanges concerning our results of operations for the quarter and year ended March 31, 2018 under Ind-AS. A copy of the release to stock exchanges is attached to this Form 6-K as Exhibit 99.2.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Infosys Limited /s/ Inderpreet Sawhney
Date: April 13, 2018	Inderpreet Sawhney General Counsel and Chief Compliance Officer

INDEX TO EXHIBITS

Exhibit No.	Description of Document
99.1	IFRS USD press release
99.2	Form of Release to Stock Exchanges

EX-99.1 CHARTER

Exhibit 99.1
IFRS USD Press Release

Infosys (NYSE: INFY) announces results for the Quarter and Year ended March 31, 2018

Revenues from Digital offerings at $ 2.79 billion (25.5% of total revenues) for FY 18 which grew at 3.6% sequentially in Q4 in constant currency terms

Entered into a definitive agreement to acquire WongDoody Holding Company, Inc., a US-based digital creative and consumer insights agency

FY 18 revenues grew by 7.2% in USD terms, 5.8% in constant currency terms, with operating margins at 24.3%

Bengaluru, India – April 13, 2018

1. Highlights of financial results for the quarter and year ended March 31, 2018

· Q4 revenues grew year-on-year by 9.2% in USD terms; 6.4% in constant currency terms

· Q4 revenues grew sequentially by 1.8% in USD terms; 0.6 % in constant currency terms

· Q4 operating margin improved to 24.7% from 24.3% in Q3 18

· Q4 Basic EPS at $0.26; year-on-year growth of 10.8%

· FY 18 Basic EPS at $1.10; year-on-year growth of 17.8%

· FY 18 Basic EPS of $1.10 includes positive impact of $0.09 from Advance Pricing Agreement (APA) with the US IRS concluded earlier in the year

· Board recommended a final dividend of 20.50 per share ($0.31 per ADS*) and a special dividend of 10 per share ($0.15 per ADS*)

· FY 19 revenue guidance in constant currency at 6%-8%; FY 19 operating margin range at 22%-24%

*USD/INR exchange rate as at March 31, 2018

Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended March 31, 2018

· Revenues were $2,805 million for the quarter ended March 31, 2018
YoY growth of 9.2%; QoQ growth of 1.8%

· Operating profit was $693 million for the quarter ended March 31, 2018
YoY growth of 9.3%; QoQ growth of 3.6%

· Net profit was $571 million for the quarter ended March 31, 2018
YoY growth of 5.3%; QoQ decline of 28.2%; Q3 FY 18 net profits included positive impact of $225 million on account of conclusion of an APA with the US IRS

·Basic EPS at $0.26 for the quarter ended March 31, 2018

Consolidated results under International Financial Reporting Standards (IFRS) for the year ended March 31, 2018

·	Revenues were $10,939 million for the year ended March 31, 2018 YoY growth of 7.2% in reported terms; 5.8% in constant currency terms
·	Operating profit was $2,659 million for the year ended March 31, 2018
	YoY growth of 5.5%
·	Net profit was $2,486 million for the year ended March 31, 2018
	YoY growth of 16.2%
·	FY 18 net profits included impact on account of conclusion of an APA with the US IRS

“I am pleased with our healthy revenue growth, profitability, and cash generation in Q4.  Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. ‘Navigating Your Next’ is our aspiration of how we will partner with each one of our clients.” said Salil Parekh, CEO. “We will execute our strategy around the four pillars of Scaling our Agile Digital business which is today US$2.79 billion in revenue, Energizing our client’s Core technology landscape via AI and automation, Re-skilling our employees, and Expanding our localization in markets such as US, Europe, and Australia.”

“Revenue productivity per employee was stable during the year as the benefits of automation and newer services kicked in. Employee utilization remained healthy.” said Pravin Rao, COO. “During the quarter, we provided highest level of variable payouts in several years. We will be rolling out compensation increases for a large part of our workforce effective April 1^st.”

“Our operating margins during the quarter and fiscal 2018 were resilient due to unwavering focus on productivity and operational efficiency, leading to a robust cash generation. During the year, the company implemented the capital allocation policy including the successful closure of $2 billion share buyback program in December 2017 and healthy increase in Dividend Per Share for the year.” said M.D. Ranganath, CFO. “Our margin guidance reflects our emphasis on digital-led growth and focused investments in this journey.”

2. Outlook for FY 2019

The Company’s outlook (consolidated) for the fiscal year ending March 31, 2019, under IFRS is as follows:

· Revenues are expected to grow 6%-8% in constant currency*;

· Revenues are expected to grow 7%-9% in USD terms based on the exchange rates as of March 31, 2018**

*FY 18 constant currency rates - AUD/USD – 0.78; Euro/USD – 1.18; GBP/USD – 1.33

**Currency rates as of March 31, 2018 - AUD/USD – 0.77; Euro/USD – 1.24; GBP/USD – 1.42

3. Capital Allocation

The Board, in its meeting on April 13, 2018, reviewed and approved the Capital Allocation Policy of the Company after taking into consideration the strategic and operational cash requirements of the Company in the medium term.

The key aspects of the Capital Allocation Policy are:

i.	The Board has decided to retain the current policy of returning upto 70 % of the free cash flow of the corresponding Financial Year in such manner, as may be decided by the Board from time to time, subject to applicable laws and requisite approvals, if any. Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend payout includes Dividend Distribution Tax (DDT).
ii.	In addition to the above, out of the cash on the Balance Sheet, the Board has identified an amount of upto 13,000 crores ($2 billion*) to be paid to shareholders in the following manner:
	a)	A special dividend of 10 per share ($0.15 per ADR*) resulting in a payout of approximately 2,600 crore (approximately $400 million*) in June 2018
	b)	Identified an amount of upto approximately 10,400 crore (approximately $1,600 million*) to be paid out to shareholders for the Financial Year 2019, in such a manner, to be decided by the Board, subject to applicable laws and requisite approvals, if any. Further announcements in this regard will be made, as appropriate, in due course.

*USD/INR exchange rate at 65.00

4. Dividend Payout

For the Financial Year 2018, the Board recommended a final dividend of 20.50 per share ($0.31 per ADR) amounting to 5,349 crore ($821 million) including DDT. After including the interim dividend of 13 per share, the total dividend for Financial Year 2018 will amount to 33.50 per share resulting in a payout of 8,771 crore ($1,349 million) including DDT, which will amount to approximately 70% of free cash flow for the Financial Year 2018. The total dividend of 33.50 per share is approximately 30% higher than total dividend of 25.75 per share for Financial Year 2017.

The aggregate dividend including the special dividend of 10 per share ($0.15 per ADR) works out to 43.50 per share ($0.67 per ADR) resulting in an aggregate dividend payout of approximately 11,371 crore (approximately $1,749 million), including DDT.

5. Lead Independent Director

The Board appointed Kiran Mazumdar-Shaw, Independent Director as the Lead Independent Director of the Board.

6. Acquisition

On April 13, 2018, the Company entered into a definitive agreement to acquire WongDoody Holding Company, Inc., a US-based digital creative and consumer insights agency for a total consideration of up to $75 million including contingent consideration and retention payouts, subject to regulatory approvals and fulfillment of closing conditions.

7. Review of Subsidiaries

In the quarter ended March 31, 2018, on conclusion of a strategic review of its portfolio of businesses, the Company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya (collectively referred to as the “disposal group”). The Company anticipates completion of the sale by March 2019 and accordingly, assets amounting to 2,060 crore ($316 million) and liabilities amounting to 324 crore ($50 million) in respect of the disposal group have been reclassified and presented as "held for sale".

On reclassification, an impairment loss of 118 crore ($18 million) in respect of Panaya has been recognized in the consolidated profit and loss for the quarter and year ended March 31, 2018. The corresponding write down in the investment value of Panaya in the standalone financial statements of Infosys Ltd. is 589 crore ($90 million).

About Infosys Ltd.

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 200,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor

Certain statements in this release, including those concerning our future growth prospects are forward-looking statements regarding our future business expectations, the amount and timing of future dividends and other potential future payments to shareholders, and the intent to identify potential buyers for Skava and Panaya and the anticipated timing to complete such sales, are forward-looking statements 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 those relating 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, fixed-time 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, capital allocation policy and the ability and timing to identify buyers for Skava and Panaya and to successfully complete such sales. Additional risks that could cause actual results to differ materially 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, 2017. These filings are available at www.sec.gov. Please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. 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 +91 80 4156 3998 Sarah_Gideon@infosys.com	Chiku Somaiya  +1 408 375 2722 Chiku.Somaiya@infosys.com

Infosys Limited and subsidiaries

Unaudited Condensed Consolidated Balance Sheets as at

(Dollars in millions except equity share data)

	March 31, 2018	March 31, 2017
ASSETS
Current assets
Cash and cash equivalents	3,041	3,489
Current investments	982	1,538
Trade receivables	2,016	1,900
Unbilled revenue	654	562
Prepayments and other current assets	662	749
Derivative financial instruments	2	44
	7,357	8,282
Assets held for sale(4)	316	–
Total current assets	7,673	8,282
Non-current assets
Property, plant and equipment	1,863	1,807
Goodwill	339	563
Intangible assets	38	120
Investment in associate	–	11
Non-current investments	883	984
Deferred income tax assets	196	83
Income tax assets	931	881
Other non-current assets	332	123
Total non-current assets	4,582	4,572
Total assets	12,255	12,854
LIABILITIES AND EQUITY
Current liabilities
Trade payables	107	57
Derivative financial instruments	6	–
Current income tax liabilities	314	599
Client deposits	6	5
Unearned revenue	352	274
Employee benefit obligations	218	209
Provisions	75	63
Other current liabilities	1,036	954
	2,114	2,161
Liabilities directly associated with assets held for sale(4)	50	–
Total current liabilities	2,164	2,161
Non-current liabilities
Deferred income tax liabilities	82	32
Employee benefit obligations	7	–
Other non-current liabilities	42	24
Total liabilities	2,295	2,217
Equity
Share capital- 5 ($0.16) par value 2,400,000,000 (2,400,000,000) equity shares authorized, issued and outstanding 2,173,312,301 (2,285,655,150), net of 10,801,956 (11,289,514) treasury shares as at March 31, 2018 (March 31, 2017), respectively	190	199
Share premium	247	587
Retained earnings	11,587	12,190
Cash flow hedge reserve	–	6
Other reserves	244	–
Capital redemption reserve	9	–
Other components of equity	(2,317)	(2,345)
Total equity attributable to equity holders of the company	9.960	10,637
Non-controlling interests	–	–
Total equity	9,960	10,637
Total liabilities and equity	12,255	12,854

Infosys Limited and subsidiaries

Unaudited Condensed Consolidated Statements of Comprehensive Income

(Dollars in millions except share and per equity share data)

	Three months ended March  31, 2018	Three months ended March 31, 2017	Year ended March 31, 2018	Year ended March 31, 2017
Revenues	2,805	2,569	10,939	10,208
Cost of sales	1,793	1,614	7,001	6,446
Gross profit	1,012	955	3,938	3,762
Operating expenses:
Selling and marketing expenses	147	133	552	535
Administrative expenses	172	188	727	707
Total operating expenses	319	321	1,279	1,242
Operating profit	693	634	2,659	2,520
Other income, net(4)(5)	82	112	495	459
Share in net profit/(loss) of associate, including impairment(6)	–	(4)	(11)	(5)
Profit before income taxes	775	742	3,143	2,974
Income tax expense(3)	204	199	657	834
Net profit(3)	571	543	2,486	2,140
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss:
Re-measurements of the net defined benefit liability/asset, net	6	3	9	(7)
Cumulative impact on reversal of unrealized gain on quoted debt securities on adoption of IFRS 9	–	–	–	(5)
Equity instruments through other comprehensive income, net	1	(1)	1	(1)
Items that will be reclassified subsequently to profit or loss:
Fair valuation of investments, net	(2)	(2)	–	(2)
Fair value changes on derivatives designated as cash flow hedge, net	–	2	(6)	6
Foreign currency translation	(164)	441	18	198
Total other comprehensive income/(loss), net of tax	(159)	443	22	189
Total comprehensive income	412	986	2,508	2,329
Profit attributable to:
Owners of the Company	571	543	2,486	2,140
Non-controlling interests	–	–	–	–
	571	543	2,486	2,140
Total comprehensive income attributable to:
Owners of the Company	412	986	2,508	2,329
Non-controlling interests	–	–	–	–
	412	986	2,508	2,329
Earnings per equity share(3)
Basic ($)	0.26	0.24	1.10	0.94
Diluted ($)	0.26	0.24	1.10	0.94
Weighted average equity shares used in computing earnings per equity share
Basic	217,32,77,060	228,56,54,881	225,53,32,322	228,56,39,447
Diluted	217,48,08,512	228,66,52,003	225,75,73,870	2,28,63,96,745

NOTES:

1. The unaudited condensed consolidated Balance sheets and Statement of Comprehensive Income for the three months and year ended March 31, 2018 have been taken on record at the Board meeting held on April 13, 2018

2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com

3. During the quarter ended December 31, 2017, on account of the conclusion of an Advance Pricing Agreement (“APA”) with the U.S. Internal Revenue Service (“IRS”), the Company has, in accordance with the APA, reversed income tax expense provision of $225 million which pertains to previous periods which are no longer required. Consequently, profit for the quarter ended December 31, 2017 and the year ended March 31, 2018 has increased and therefore has led to an increase in Basic earnings per equity share by $0.10 for quarter ended December 31, 2017 and $0.09 for the year ended March 31, 2018.

4. In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the Company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya (collectively referred to as the “disposal group”). The Company anticipates completion of the sale by March 2019 and accordingly, assets amounting to $316 million and liabilities amounting to $50 million in respect of the disposal group have been reclassified as “held for sale". On reclassification, the disposal group has been measured at the lower of carrying amount and fair value less cost to sell and consequently, an impairment loss of $18 million in respect of Panaya has been recognized in the consolidated profit and loss for the quarter and year ended March 31, 2018. The disposal group does not constitute a separate major component of the company and therefore has not been classified as discontinued operations

5. Other income includes $41 million towards interest on income tax refund for the year ended March 31, 2018

6. During the year ended March 31, 2018, the Company has written down the entire carrying value of the investment in its associate DWA Nova LLC amounting to $11 million. The write-down in the carrying value of investment in associate DWA Nova LLC during the quarter and year ended March 31, 2017 was $3 million.

EX-99.2 BYLAWS

Exhibit 99.2

Form of Release to Stock Exchanges

  Infosys Limited Regd. office: Electronics City, Hosur Road, Bengaluru – 560 100, India CIN : L85110KA1981PLC013115 Website: www.infosys.com email: investors@infosys.com T: 91 80 2852 0261,
F: 91 80 2852 0362 

Audited consolidated financial results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2018 prepared in compliance with the Indian Accounting Standards (Ind-AS)

(in crore, except per equity share data)

Particulars	Quarter ended March 31,	Quarter ended December 31,	Quarter ended March 31,	Year ended March 31,
	2018	2017	2017	2018	2017
	Audited	Audited	Audited	Audited	Audited
Revenue from operations	18,083	17,794	17,120	70,522	68,484
Other income, net (Refer Note b and c)	534	962	746	3,193	3,080
Total Income	18,617	18,756	17,866	73,715	71,564
Expenses
Employee benefit expenses	10,054	9,869	9,309	38,893	37,659
Cost of technical sub-contractors	1,107	1,041	1,000	4,297	3,833
Travel expenses	492	496	474	1,995	2,235
Cost of software packages and others	466	472	478	1,870	1,597
Communication expenses	113	120	149	489	549
Consultancy and professional charges	282	238	229	1,043	763
Depreciation and amortisation expenses	458	498	446	1,863	1,703
Other expenses	639	741	823	2,924	3,244
Total expenses	13,611	13,475	12,908	53,374	51,583
Profit before non-controlling interest / share in net profit / (loss) of associate	5,006	5,281	4,958	20,341	19,981
Share in net profit/(loss) of associate, including impairment of associate (Refer Note d)	–	–	(25)	(71)	(30)
Profit before tax	5,006	5,281	4,933	20,270	19,951
Tax expense: (Refer Note a)
Current tax	1,466	144	1,249	4,581	5,653
Deferred tax	(150)	8	81	(340)	(55)
Profit for the period (Refer Note a)	3,690	5,129	3,603	16,029	14,353
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset	34	18	20	55	(45)
Equity instruments through other comprehensive income, net	9	(2)	(5)	7	(5)
Items that will be reclassified subsequently to profit or loss
Fair value changes on derivatives designated as cash flow hedges, net	2	5	11	(39)	39
Exchange differences on translation of foreign operations	200	(86)	(197)	321	(257)
Fair value changes on investments, net	(15)	(25)	(10)	(1)	(10)
Total other comprehensive income/(loss), net of tax	230	(90)	(181)	343	(278)
Total comprehensive income for the period	3,920	5,039	3,422	16,372	14,075
Paid up share capital (par value 5/- each, fully paid)	1,088	1,088	1,144	1,088	1,144
Other equity	63,835	67,838	67,838	63,835	67,838
Earnings per equity share (par value 5/- each) (Refer Note e)
Basic () (Refer Note a)	16.98	22.55	15.77	71.07	62.80
Diluted ()	16.97	22.53	15.76	71.00	62.77

Note

a)	During the quarter ended December 31, 2017, on account of the conclusion of an Advance Pricing Agreement (“APA”) with the U.S. Internal Revenue Service (“IRS”), the Company has, in accordance with the APA, reversed income tax expense provision of $225 million (1,432 crore) which pertains to previous periods which are no longer required. Consequently, profit for the quarter ended December 31, 2017 and the year ended March 31, 2018 has increased and therefore has led to an increase in Basic earnings per equity share by 6.29 ($0.10) for quarter ended December 31, 2017 and 5.88 ($0.09) for the year ended March 31, 2018.
b)	In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the Company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya (collectively referred to as the “disposal group”). The Company anticipates completion of the sale by March 2019 and accordingly, assets amounting to 2,060 crore and liabilities amounting to 324 crore in respect of the disposal group have been reclassified as “held for sale". On reclassification, the disposal group has been measured at the lower of carrying amount and fair value less cost to sell and consequently, an impairment loss of 118 crore in respect of Panaya has been recognized in the consolidated profit and loss for the quarter and year ended March 31, 2018.
	The disposal group does not constitute a separate major component of the company and therefore has not been classified as discontinued operations.
c)	Other income includes 200 crore towards interest on income tax refund for the quarter ended December 31, 2017 and 262 crore for the year ended March 31, 2018.
d)	During the year ended March 31,2018 the Company has written down the entire carrying value of the investment in its associate DWA Nova LLC amounting to 71 crore. The write-down in the carrying value of investment in associate DWA Nova LLC during the quarter and year ended March 31, 2017 was 18 crore.
e)	EPS is not annualized for the quarter ended March 31, 2018, December 31, 2017 and March 31, 2017.

Notes:

1.	The audited interim consolidated financial statements for the quarter and year ended March 31, 2018 have been taken on record by the Board of Directors at its meeting held on April 13, 2018. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unqualified audit opinion. Amounts for the quarter and year ended March 31, 2017 were audited by previous auditors - B S R & Co LLP. The information for the year ended March 31, 2018 presented above is extracted from the audited consolidated financial statements and the information for the quarter ended March 31, 2018 are extracted from the audited interim consolidated financial statements. These financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
2.	The Board appointed Kiran Mazumdar- Shaw, Independent Director as the Lead Independent Director of the Board.
3.	On April 13, 2018, the Company entered into a definitive agreement to acquire Wongdoody Holding Company Inc., a US-based creative and consumer insights agency for a total consideration of up to $75 million ( approximately 489 crore) including contingent consideration and retention payouts, subject to regulatory approvals and fulfillment of closing conditions
4.	Information on dividends for the quarter and year ended March 31, 2018
	An interim dividend of 13/- (par value of 5/- each) per equity share was declared on October 24, 2017 and the same was paid on November 4, 2017. The interim dividend declared in the previous year was 11/- per equity share. For financial year 2018, the Board recommended a final dividend of 20.50/- per equity share and a special dividend of 10/- per equity share. The payment is subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company, to be held on June 23, 2018. The book closure date for the purpose of the Annual General Meeting and payment of final dividend is June 16, 2018. The final dividend declared in the previous year was 14.75/- per equity share.

 (in )

Particulars	Quarter ended March 31,	Quarter ended December 31,	Quarter ended March 31,	Year ended March 31,
	2018	2017	2017	2018	2017
Dividend per share (par value 5/- each)
Interim dividend	–	–	–	13.00	11.00
Final dividend	20.50	–	14.75	20.50	14.75
Special dividend	10.00	–	–	10.00	–

5. Consolidated statement of assets and liabilities

(in crore) 

Particulars	As at
	March 31, 2018	March 31, 2017
ASSETS
Non-current assets
Property, plant and equipment	10,116	9,751
Capital work-in-progress	1,606	1,365
Goodwill (Refer Note b above)	2,211	3,652
Other Intangible assets	247	776
Investment in associate	–	71
Financial assets:
Investments	5,756	6,382
Loans	36	29
Other financial assets	284	309
Deferred tax assets (net)	1,282	540
Income tax assets (net)	6,070	5,716
Other non-current assets	2,265	1,059
Total non-current assets	29,873	29,650
Current assets
Financial assets
Investments	6,407	9,970
Trade receivables	13,142	12,322
Cash and cash equivalents	19,818	22,625
Loans	239	272
Other financial assets	6,684	5,980
Other current assets	1,667	2,536
	47,957	53,705
Assets held for sale (Refer Note b above)	2,060	–
Total current assets	50,017	53,705
Total assets	79,890	83,355
EQUITY AND LIABILITIES
Equity
Equity share capital	1,088	1,144
Other equity	63,835	67,838
Total equity attributable to equity holders of the Company	64,923	68,982
Non-controlling interests	1	–
Total equity	64,924	68,982
Liabilities
Non-current liabilities
Financial liabilities
Other financial liabilities	61	70
Deferred tax liabilities (net)	541	207
Other non-current liabilities	259	83
Total non-current liabilities	861	360
Current liabilities
Financial liabilities
Trade payables	694	367
Others financial liabilities	6,946	6,349
Provisions	492	405
Income tax liabilities (net)	2,043	3,885
Other current liabilities	3,606	3,007
	13,781	14,013
Liabilities directly associated with assets held for sale ( Refer Note b above)	324	–
Total current liabilities	14,105	14,013
Total equity and liabilities	79,890	83,355

The disclosure is an extract of the audited Consolidated Balance Sheet as at March 31, 2018 and March 31, 2017 prepared in compliance with the Indian Accounting Standards (Ind-AS).

6. Segment reporting (Consolidated - Audited)

(in crore)

Particulars	Quarter ended March 31,	Quarter ended December 31,	Quarter ended March 31,	Year ended March 31,
	2018	2017	2017	2018	2017
Revenue by business segment		–
Financial Services (FS)	4,683	4,643	4,655	18,638	18,555
Manufacturing (MFG)	1,965	1,955	1,918	7,699	7,507
Energy & utilities, Communication and Services (ECS)	4,437	4,241	3,963	16,757	15,430
Retail, Consumer packaged goods and Logistics (RCL)	2,830	2,837	2,710	11,104	11,225
Life Sciences, Healthcare and Insurance (HILIFE)	2,425	2,375	2,148	9,271	8,437
Hi-Tech	1,302	1,256	1,211	5,047	5,122
All other segments	441	487	515	2,006	2,208
Total	18,083	17,794	17,120	70,522	68,484
Less: Inter-segment revenue	–	–	–	–	–
Net revenue from operations	18,083	17,794	17,120	70,522	68,484
Segment profit before tax, depreciation and non-controlling interests:		–
Financial Services (FS)	1,321	1,254	1,328	5,207	5,209
Manufacturing (MFG)	445	498	472	1,819	1,848
Energy & utilities, Communication and Services (ECS)	1,219	1,145	1,120	4,550	4,431
Retail, Consumer packaged goods and Logistics (RCL)	842	834	784	3,249	3,249
Life Sciences, Healthcare and Insurance (HILIFE)	678	689	596	2,575	2,308
Hi-Tech	332	304	291	1,224	1,277
All other segments	91	94	70	389	292
Total	4,928	4,818	4,661	19,013	18,614
Less: Unallocable expenditure	456	499	449	1,865	1,713
Add: Unallocable other income ( Refer Note b above)	534	962	746	3,193	3,080
Add: Share in net profit/(loss) of associate, including impairment of associate	–	–	(25)	(71)	(30)
Profit before tax and non-controlling interests	5,006	5,281	4,933	20,270	19,951

Notes on segment information

Business segments

Based on the "management approach" as defined in Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.

Segmental capital employed

Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The 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.

7. Audited financial results of Infosys Limited (Standalone Information)

(in crore)

Particulars	Quarter ended March 31,	Quarter ended December 31,	Quarter ended March 31,	Year ended March 31,
	2018	2017	2017	2018	2017
Revenue from operations	15,984	15,631	14,920	61,941	59,289
Profit before tax (Refer Note i below)	4,390	5,922	4,783	19,908	18,938
Profit for the period (Refer Note i below)	3,157	6,004	3,562	16,155	13,818

Note: The audited results of Infosys Limited for the above mentioned periods are available on our website, www.infosys.com and on the Stock Exchange website www.nseindia.com and www.bseindia.com. The information above has been extracted from the audited standalone finacial statements for the year ended March 31, 2018 and the information for the quarter ended March 31, 2018 are extracted from the audited interim condensed financial statements.

i) In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the Company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya . The Company anticipates completion of the sale by March 2019 and accordingly, investments amounting to 1,525 crore in respect of these subsidiaries have been reclassified as “held for sale". On reclassification, these investments has been measured at the lower of carrying amount and fair value less cost to sell and consequently, an impairment loss of 589 crore in respect of Panaya has been recognized in the standalone profit and loss for the quarter and year ended March 31, 2018.

By order of the Board

for Infosys Limited

Bengaluru, India
April 13, 2018 Salil Parekh
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 quarter and year ended March 31, 2018, prepared as per International Financial Reporting Standards (IFRS) and reported in US dollars. A summary of the financial statements is as follows:

(in US$ million, except per equity share data) 

Particulars	Quarter ended March 31,	Quarter ended December 31,	Quarter ended March 31,	Year ended March 31,
	2018	2017	2017	2018	2017
Revenues	2,805	2,755	2,569	10,939	10,208
Cost of sales	1,793	1,773	1,614	7,001	6,446
Gross profit	1,012	982	955	3,938	3,762
Operating expenses	319	313	321	1,279	1,242
Operating profit	693	669	634	2,659	2,520
Other income, net ( Refer Note a below)	82	149	112	495	459
Share in net profit/(loss) of associate, including impairment	–	–	(4)	(11)	(5)
Profit before income tax	775	818	742	3,143	2,974
Income tax expense	204	22	199	657	834
Net profit	571	796	543	2,486	2,140
Earnings per equity share *
Basic	0.26	0.35	0.24	1.10	0.94
Diluted	0.26	0.35	0.24	1.10	0.94
Total assets	12,255	11,889	12,854	12,255	12,854
Cash and cash equivalents including current investments	4,023	3,615	5,027	4,023	5,027

* EPS is not annualized for the quarter ended March 31, 2018, quarter ended December 31, 2017 and quarter ended March 31, 2017.    

a) In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the Company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya (collectively referred to as the “disposal group”). The Company anticipates completion of the sale by March 2019 and accordingly, assets amounting to $316 million and liabilities amounting to $50 million in respect of the disposal group have been reclassified as “held for sale". On reclassification, the disposal group has been measured at the lower of carrying amount and fair value less cost to sell and consequently, an impairment loss of $18 million in respect of Panaya has been recognized in the consolidated profit and loss for the quarter and year ended March 31, 2018.

The disposal group does not constitute a separate major component of the company and therefore has not been classified as discontinued operations.

Certain statements in this release, including those concerning our future growth prospects are forward-looking statements regarding those concerning the amount and timing of future dividends and other potential future payments to shareholders, and the intent to identify potential buyers for Skava and Panaya and the anticipated timing to complete such sales, are forward-looking statements 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 those relating 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, fixed-time 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, capital allocation policy and the ability and timing to identify buyers for Skava and Panaya and to successfully complete such sales. Additional risks that could cause actual results to differ materially 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, 2017. These filings are available at www.sec.gov. Please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. 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.