PR Newswire/Les Echos/
Fact Sheet
Consolidated Financial Data - Third Quarter, Fiscal 2015
Statement of Comprehensive Income for three months ended,
(As per IFRS) InINR crore, except share data
Particulars Dec 31, Growth (%) Sep 30, 2014 Growth %
2014 2013 Q3 15 over
Q2 15
Revenues 13,796 13,026 5.9 13,342 3.4
Cost of sales 8,462 8,321 1.7 8,201 3.2
Gross Profit 5,334 4,705 13.4 5,141 3.8
Operating Expenses:
Selling and
marketing expenses 770 644 19.6 769 0.1
Administrative
expenses 875 802 9.1 889 (1.6)
Total Operating
Expenses 1,645 1,446 13.8 1,658 (0.8)
Operating Profit 3,689 3,259 13.2 3,483 5.9
Other Income, net 840 731 14.9 877 (4.2)
Profit before
income taxes 4,529 3,990 13.5 4,360 3.9
Income tax expense 1,279 1,115 14.7 1,264 1.2
Net Profit 3,250 2,875 13.0 3,096 5.0
Earnings per equity share
Basic (INR) 28.44 25.16 13.0 27.09 5.0
Diluted (INR) 28.44 25.16 13.0 27.09 5.0
Statement of Comprehensive Income for nine months ended,
(As per IFRS) InINR crore, except share data
Particulars Dec 31, Growth (%)
2014 2013
Revenues 39,908 37,258 7.1
Cost of sales 24,709 24,024 2.9
Gross Profit 15,199 13,234 14.8
Operating Expenses:
Selling and
marketing expenses 2,205 1,985 11.1
Administrative
expenses 2,611 2,489 4.9
Total Operating
Expenses 4,816 4,474 7.6
Operating Profit 10,383 8,760 18.5
Other Income, net 2,546 1,818 40.0
Profit before
income taxes 12,929 10,578 22.2
Income tax expense 3,697 2,922 26.5
Net Profit 9,232 7,656 20.6
Earnings per equity share
Basic (INR) 80.79 66.99 20.6
Diluted (INR) 80.79 66.99 20.6
Statement of Comprehensive Income for three months ended,
(As per IFRS)
In US $ million, except share data
Particulars Dec 31, Growth (%) Sep 30, 2014 Growth %
2014 2013 Q3 15 over
Q2 15
Revenues 2,218 2,100 5.6 2,201 0.8
Cost of sales 1,360 1,341 1.4 1,353 0.5
Gross Profit 858 759 13.0 848 1.2
Operating Expenses:
Selling and
marketing expenses 124 104 19.2 127 (2.4)
Administrative
expenses 142 129 10.1 146 (2.7)
Total Operating
Expenses 266 233 14.2 273 (2.6)
Operating Profit 592 526 12.5 575 3.0
Other Income, net 136 117 16.2 144 (5.6)
Profit before income
taxes 728 643 13.2 719 1.3
Income tax expense 206 180 14.4 208 (1.0)
Net Profit 522 463 12.7 511 2.2
Earnings per equity share
Basic ($) 0.46 0.41 12.7 0.45 2.2
Diluted ($) 0.46 0.41 12.7 0.45 2.2
Statement of Comprehensive Income for nine months ended,
(As per IFRS)
In US $ million, except share data
Particulars Dec 31, Growth (%)
2014 2013
Revenues 6,552 6,157 6.4
Cost of sales 4,057 3,974 2.1
Gross Profit 2,495 2,183 14.3
Operating Expenses:
Selling and
marketing expenses 362 327 10.7
Administrative
expenses 430 411 4.6
Total Operating
Expenses 792 738 7.3
Operating Profit 1,703 1,445 17.9
Other Income, net 419 301 39.2
Profit before income taxes 2,122 1,746 21.5
Income tax expense 607 482 25.9
Net Profit 1,515 1,264 19.9
Earnings per equity share
Basic ($) 1.33 1.11 19.9
Diluted ($) 1.33 1.11 19.9
Revenues by Geographical Segment
(in %)
Quarter ended LTM
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
North America 61.6 60.8 60.0 60.8 60.8
Europe 24.0 24.7 24.9 24.6 24.4
India 2.5 2.2 2.6 2.4 2.5
Rest of the world 11.9 12.3 12.5 12.2 12.3
Total 100.0 100.0 100.0 100.0 100.0
Revenues by Service Offering
(in %)
Quarter ended LTM
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
Business IT
Services 62.8 63.0 61.3 62.8 61.3
Application
Development 14.9 16.1 15.9 15.6 15.7
Application
Maintenance 19.5 18.9 19.2 19.1 19.4
Infrastructure
Management Services 8.2 7.9 6.9 7.8 7.1
Testing Services 9.1 9.4 8.7 9.3 8.5
Product Engineering
Services 3.4 3.4 3.2 3.4 3.2
Business Process
Management 5.4 5.1 5.3 5.3 5.2
Others 2.3 2.2 2.1 2.3 2.2
Consulting, Package
Implementation &
Others 32.6 32.4 33.4 32.4 33.3
Products,
Platforms and
Solutions 4.6 4.6 5.3 4.8 5.4
Products 2.9 2.9 3.8 3.1 3.8
BPM Platform 1.1 1.2 1.1 1.2 1.2
Others 0.6 0.5 0.4 0.5 0.4
Total 100.0 100.0 100.0 100.0 100.0
Revenues by Project Type *
Quarter ended LTM
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
Fixed Price 42.9 41.4 41.0 41.5 40.4
Time & Materials 57.1 58.6 59.0 58.5 59.6
Total 100.0 100.0 100.0 100.0 100.0
* Excluding products
Revenues by Industry
(in %)
Quarter ended LTM
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
Banking & Financial Services,
Insurance 33.1 32.8 33.5 33.2 33.7
Banking & financial
services 26.8 26.8 27.2 27.1 27.2
Insurance 6.3 6.0 6.3 6.1 6.5
Manufacturing 23.4 23.3 22.8 23.2 22.7
Retail & Life
Sciences 23.5 23.4 24.6 23.7 24.3
Retail & CPG 14.9 15.3 16.0 15.4 15.7
Transport &
Logistics 1.5 1.5 1.6 1.6 1.7
Life Sciences 5.1 4.7 5.0 4.8 4.8
Healthcare 2.0 1.9 2.0 1.9 2.1
Energy, Utilities,
Communications &
Services 20.0 20.5 19.1 19.9 19.3
Energy & Utilities 4.9 5.5 5.2 5.2 5.1
Telecom 8.7 8.9 7.9 8.7 8.5
Others 6.4 6.1 6.0 6.0 5.7
Total 100.0 100.0 100.0 100.0 100.0
Client Data
Quarter ended Year ended
Dec 31, Sep 30, Dec 31, Mar 31, Mar 31,
2014 2014 2013 2014 2013
Number of Clients
Active 932 912 888 890 798
Added during the
period (gross) 59 49 54 238 235
Number of million dollar clients*
1 Million dollar + 532 526 495 501 448
5 Million dollar + 240 237 226 232 213
10 Million dollar + 154 150 148 148 137
25 Million dollar + 83 83 77 78 69
50 Million dollar + 46 43 41 42 40
75 Million dollar + 29 27 25 24 23
100 Million dollar + 14 13 15 13 12
200 Million dollar + 4 3 4 3 3
300 Million dollar + - - 1 1 -
Client contribution to revenues
Top client 3.2% 3.4% 3.7% 3.8% 3.8%
Top 5 clients 13.3% 13.6% 14.1% 14.4% 15.2%
Top 10 clients 22.4% 22.9% 23.5% 23.8% 24.6%
Repeat business 97.4% 98.1% 97.3% 97.7% 97.8%
Account receivables-
LTM(in days)# 61 63 65 62 64
*LTM (Last twelve months) Revenues
# excluding Lodestone
Effort and Utilization - Consolidated IT Services
(in %)
Quarter ended LTM
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
Effort
Onsite 28.5 28.7 29.9 28.9 31.1
Offshore 71.5 71.3 70.1 71.1 68.9
Revenues
Onsite 54.8 54.6 55.1 54.7 56.4
Offshore 45.2 45.4 44.9 45.3 43.6
Utilization
Including trainees 75.7 75.2 72.5 74.7 71.2
Excluding trainees 82.7 82.3 76.9 80.5 75.0
Person Months Data - Consolidated IT Services
(in %)
Quarter ended LTM
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
Billed - Onsite 83,943 80,965 79,375 323,302 320,249
- Offshore 210,273 201,333 185,744 793,467 708,760
TOTAL 294,216 282,298 265,119 1,116,769 1,029,009
Non Billable 61,564 60,742 79,618 271,117 342,705
Trainee 32,902 32,152 21,157 107,854 73,672
Sales & Support 23,115 22,770 22,724 90,512 93,184
TOTAL 411,797 397,962 388,618 1,586,252 1,538,570
Consolidated IT Services
Quarter ended
Dec 31, Sequential Sep 30, Sequential Dec 31, Sequential
2014 growth % 2014 growth % 2013 growth %
Effort - (Person months)
Onsite 83,943 3.7 80,965 1.1 79,375 (3.4)
Offshore 210,273 4.4 201,333 3.8 185,744 2.6
Total 294,216 4.2 282,298 3.0 265,119 0.7
Revenues - ($ million)
Onsite 1,101.80 1.1 1,089.94 3.8 1,039.88 (1.3)
Offshore 907.82 0.2 906.34 3.4 846.15 4.8
Total 2,009.62 0.7 1,996.28 3.6 1,886.03 1.4
LTM
Dec 31, Year on Dec 31, Year on
2014 Year 2013 Year
growth growth
% %
323,302 1.0 320,249 14.8
793,467 12.0 708,760 9.5
1,116,769 8.5 1,029,009 11.1
4,270.56 4.1 4,104.25 15.9
3,540.72 11.7 3,169.30 7.7
7,811.28 7.4 7,273.55 12.2
Revenue per FTE
(In US $)
Quarter ended Year Ended
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Mar 31, 2014
Revenue per FTE -
Consolidated 52,701 52,365 51,555 52,029
Revenue per FTE -
IT Services 60,148 59,645 58,330 58,920
Employee Metrics
(Nos.)
Quarter ended Year ended
Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Mar 31, 2014 Mar 31, 2013
Total employees 1,69,638 1,65,411 1,58,404 1,60,405 1,56,688
S/W professionals 1,59,772 1,55,745 1,48,740 1,51,059 1,47,008
Billable 1,47,125 1,40,219 135,869 1,37,391 1,35,392
Banking product
group 5,345 5,367 6,977 6,254 7,249
Trainees 7,302 10,159 5,894 7,414 4,367
Sales & Support 9,866 9,666 9,664 9,346 9,680
Gross addition 13,154 14,255 6,682 39,985 37,036
Of which lateral
addition 6,094 4,774 3,333 12,247 16,781
Attrition 8,927 10,128 8,505 36,268 30,342
Net addition 4,227 4,127 (1,823) 3,717 6,694
Attrition % (LTM)* 20.4% 20.1% 18.1% 18.7% 16.3%
* Excluding subsidiaries
Infrastructure (as on Dec 31, 2014)
Completed Work in progress Land acquired
Built-up area No. of Built-up area No. of during the
(Sq. Ft.) seats (Sq. Ft.) seats Quarter
(acres)
Bangalore 50,72,550 34,406 - - 6.1
Bhubaneswar 10,20,292 4,974 4,67,434 4,692 -
Chandigarh 11,93,052 6,500 - - -
Chennai 42,58,386 25,342 - - -
Delhi - NCR 1,28,043 988 1,50,174 1,000 -
Hyderabad 42,80,751 26,319 7,87,640 - -
Jaipur 3,74,139 3,422 4,04,106 4,000 -
Mangalore 19,45,636 6,902 6,04,000 4,800 -
Mysore
(including
ILI)* 1,15,16,757 15,661 5,30,813 5,000 -
Pune 60,87,205 37,115 6,04,823 - -
Thiruvanant-
hapuram 9,83,255 8,129 16,68,542 4,894 -
Global Centers 1,747,280 17,071 - - -
Total 3,86,07,346 1,86,829 52,17,532 24,386 6.1
*Infosys Leadership Institute
Rupee Dollar Rate ( INR )
Quarter ended Year ended
Dec 31, Sep 30, Dec 31, Mar 31, Mar 31,
2014 2014 2013 2014 2013
Period closing rate 63.04 61.75 61.81 59.92 54.29
Period average rate 62.16 60.63 62.03 60.75 54.54
Constant Currency Reporting
Reported revenues Q3 15 Q2 15 Q1 15 Q4 14 Q3 14
Revenues ($ mn) 2,218 2,201 2,133 2,092 2,100
Sequential growth % 0.8 3.1 2.0 (0.4) 1.7
YoY growth % 5.6 6.5 7.1 7.9 9.9
Constant currency - Q o Q Q3 15 Q2 15 Q1 15 Q4 14 Q3 14
Revenues ($ mn) 2,258 2,217 2,124 2,091 2,091
Sequential growth (%) 2.6 3.9 1.5 (0.4) 1.2
Constant currency - Y o Y Q3 15 Q2 15 Q1 15 Q4 14 Q3 14
Revenues ($ mn) 2,265 2,197 2,123 2,109 2,122
YoY growth (%) 7.9 6.3 6.6 8.8 11.0
Notes:
Basis of computation
1. Foreign exchange rates are as per FEDAI.
2. Average rates for major global currencies:
Average rate of USD Q3 15 Q2 15 Q1 15 FY 14 Q4 14 Q3 14
AUD 0.85 0.92 0.93 0.93 0.90 0.92
EURO 1.25 1.32 1.37 1.35 1.37 1.37
GBP 1.58 1.66 1.69 1.60 1.66 1.62
3. Proportion of revenues from major global currencies:
Revenue by currency (%) Q3 15 Q2 15 Q1 15 FY 14 Q4 14 Q3 14
AUD 7.4 8.2 8.2 7.9 8.1 7.9
EURO 10.3 10.4 10.6 10.3 10.8 10.4
GBP 5.8 5.9 5.8 5.9 6.0 6.0
Q3 2015
Geographical segment - growth
North America grew by 2.1% sequentially; and 2.3% in constant currency.
Europe declined by 2.1% sequentially; and grew by 1.9% in constant currency.
India grew by 14.0% sequentially; and 16.7% in constant currency.
Rest of the world declined by 2.3% sequentially; and grew by 3.4 % in constant
currency.
Industry segment - growth
FSI grew by 1.8% sequentially; and 4.0% in constant currency.
MFG grew by 1.4% sequentially; and 2.9% in constant currency.
RCL grew by 1.1% sequentially; and 2.3% in constant currency.
ECS declined by 1.9% sequentially; and grew by 0.6% in constant currency.
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information. All information should be checked prior to publication.Infosys Limited: Fact Sheet
January 09, 2015 at 08:43 am EST
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