Infosys Limited · NSE:INFY

Infosys — Infosys Technologies — Q4 FY2002 Earnings Presentation

33 slides from Infosys's earnings presentation, Mar 31, 2002

  1. Slide 1: Performance of Infosys for the Fourth Quarter and Year ended March 31, 2002

    Performance of Infosys for the Fourth Quarter and Year ended March 31, 2002 Nandan M. Nilekani Chief Executive Officer, President and Managing Director © Infosys Technologies Limited 2001-2002

  2. Slide 2: Safe Harbour

    Safe Harbour Certain statements in this release concerning our future growth prospects are forward-looking statements 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 rela

  3. Slide 3: Agenda

    Agenda  Financial Performance  Operational Performance  New Initiatives  Client Acquisition & Expansion of Services  Human Resources  Infrastructure  Outlook for the Future  Summary © Infosys Technologies Limited 2001-2002 Slide 3

  4. Slide 4: Financial Performance

    Financial Performance © Infosys Technologies Limited 2001-2002

  5. Slide 5: Highlights

    Highlights Q4 FY 02 FY 02 Indian GAAP Y-O-Y Growth Income 21.0% 37.0% PAT from ord. activities 15.8% 29.6% US GAAP Y-O-Y Growth Revenues 15.7% 31.7% Net income 10.3% 24.6% New clients 29 116 Repeat business 80.1% 87.6% Headcount Gross addition 181 1,548 Net addition 75 907 Period end headcount 10,73

  6. Slide 6: Highlights (Indian GAAP) - Quarterly

    Highlights (Indian GAAP) - Quarterly (Rs. crore) FY2002 FY2002 FY2001 % growth over Q4 Q3 Q4 Q3 02 Q4 01 Income 680.13 660.81 561.87 2.9 21.0 S/w development expenses 322.81 309.50 245.27 4.3 31.6 Gross profit 357.32 351.31 316.60 1.7 12.9 S,G&A expenses 86.58 83.86 83.28 3.2 4.0 Operating profit 27

  7. Slide 7: Highlights (Indian GAAP) - Annual

    Highlights (Indian GAAP) - Annual (Rs. crore) FY2002 % FY2001 % Growth Income 2,603.59 100.0 1,900.56 100.0 37.0 S/w development expenses 1,224.82 47.0 870.83 45.8 40.6 Gross profit 1,378.77 53.0 1,029.73 54.2 33.9 S,G&A expenses 341.14 13.1 264.89 13.9 28.8 Operating profit 1,037.63 39.9 764.84 40.

  8. Slide 8: Balance Sheet Summary

    Balance Sheet Summary (Rs. crore) Mar 31, 2002 % Mar 31, 2001 % LIABILITIES Shareholders’ funds 2,080.31 100 1,389.64 100 Total liabilities 2,080.31 100 1,389.64 100 ASSETS Fixed assets 718.24 35 557.66 40 Investments 44.44 2 34.12 2 Deferred tax assets 24.22 1 - - Current assets Cash & equivalents

  9. Slide 9: Region wise Revenue (%)

    Region wise Revenue (%) FY2002 FY2002FY2001FY2002 FY2001 Q4 Q3Q4 North America 70.7%70.9% 71.6% 71.2%73.5% Europe 19.7%19.4%20.5% 19.5%18.8% India 1.6%1.9% 1.7%2.0% 1.4% Rest of the world 8.0%7.8% 6.2%7.3% 6.3% Total 100.0% 100.0%100.0% 100.0%100.0% © Infosys Technologies Limited 2001-2002 Slide 9

  10. Slide 10: Operational Performance

    Operational Performance © Infosys Technologies Limited 2001-2002

  11. Slide 11: Utilization Rates

    Utilization Rates 100.0% 69.6% 72.4% 72.7% 72.9% 0.0% Including training Excluding training Q3 FY 2002 69.6% 72.7% Q4 FY 2002 72.4% 72.9% Q3 FY 2002 Q4 FY 2002 © Infosys Technologies Limited 2001-2002 Slide 11

  12. Slide 12: Project type segmentation

    Project type segmentation FY2002 FY2002 FY2001 FY2002 FY 2001 Q4 Q3 Q4 Fixed Price 34.0% 35.1% 28.6% 31.6% 28.2% Time & Materials 66.0% 64.9% 71.4% 68.4% 71.8% Total 100.0% 100.0% 100.0% 100.0% 100.0% © Infosys Technologies Limited 2001-2002 Slide 12

  13. Slide 13: Onsite-Offshore Revenue split

    Onsite-Offshore Revenue split FY2002 FY2002 FY2001 FY2002 FY2001 Q4 Q3 Q4 Onsite 52.2% 49.9% 48.3% 50.8% 51.5% Offshore 47.8% 50.1% 51.7% 49.2% 48.5% Total 100.0% 100.0% 100.0% 100.0% 100.0% © Infosys Technologies Limited 2001-2002 Slide 13

  14. Slide 14: Customer Concentration

    Customer Concentration FY2002 FY2002FY2001FY2002 FY2001 Q4 Q3Q4 Top client contribution to revenues 5.6%5.5% 6.8% 6.1% 7.3% Top 5 client contribution to revenues 24.4%24.1% 26.4% 24.1%26.0% Top 10 client contribution to revenues 39.0% 38.3%43.4% 39.4%39.2% Million dollar clients* 8390 8083 80 Five m

  15. Slide 15: Accounts Receivable

    Accounts Receivable FY 2001 FY 2002 Days Sales Outstanding 58 47 AGE PROFILE 1.7% 2.5% 0.5% 0.5% 26.6% 30.0% 69.0% 69.2% 0-30 31-60 61-90 >90 0-30 31-60 61-90 >90 © Infosys Technologies Limited 2001-2002 Slide 15

  16. Slide 16: Other Highlights

    Other Highlights  Software revenues in US dollar terms grew by 1.5% for the quarter over the quarter ended December 31, 2001. Revenue growth comprised volume growth of 6.3% offset by a price decline of 4.8%, as compared to the quarter ended December 31, 2001  Board recommends final dividend of Rs.

  17. Slide 17: New Initiatives

    New Initiatives © Infosys Technologies Limited 2001-2002

  18. Slide 18: New Initiatives: Business Process Management

    New Initiatives  Business Process Management (BPM) • Foraying into Business Process Management • Board of Infosys approved investment of upto US$ 5 million • Initial focus of BPM services would be in areas of transaction processing and accounting services • Will be offered in multiple forms – busin

  19. Slide 19: New Initiatives: IT Outsourcing and Systems Integration

    New Initiatives  IT Outsourcing • Taken over the management of applications of 2 clients • Signed an agreement with a leading financial services company to provide 24x7 support to its mission critical applications • Signed a strategic global outsourcing contract with a leading networking equipment

  20. Slide 20: Client Acquisition & Expansion of Services

    Client Acquisition & Expansion of Services © Infosys Technologies Limited 2001-2002

  21. Slide 21: Client Acquisition & Expansion of Services

    Client Acquisition & Expansion of Services  Client acquisitions during the quarter was 29  Helping clients in financial sector manage business transformation through the use of technology • Working with Cardif, the insurance subsidiary of BNP Paribas, the largest financial institution in France to

  22. Slide 22: Client Acquisition & Expansion of Services

    Client Acquisition & Expansion of Services  Expanded services to clients in retail segment • Implementing an order management system for Argos, a large UK-based non- food retail chain • Implemented a complex Oracle 11i solution for a specialty fashion retail chain in the US • Engagements with a pro

  23. Slide 23: Client Acquisition & Expansion of Services

    Client Acquisition & Expansion of Services  Expanded supply chain expertise to the pharmaceutical industry • Helping a major international pharmaceutical enterprise to design and develop a mail-order pharmacy and durable medical equipment claims process • Recommending the re-engineering of multiple

  24. Slide 24: Banking Products

    Banking Products  Revenue from Banking Business Unit crossed Rs. 100 crore  FINACLE™ implementation completed in 15 branches of the South Indian Bank  Internet banking implementations completed at ABN Amro India, providing functionality like online deposit opening, cash delivery at home and bill

  25. Slide 25: Human Resources

    Human Resources © Infosys Technologies Limited 2001-2002

  26. Slide 26: Human Resources

    Human Resources  Total employees strength at 10,738 as on March 31, 2002, up from 9,831 as on March 31, 2001  Net addition of 75 employees during the quarter as compared to 109 during the quarter ended December 31, 2001  Gross addition of employees during the quarter was 181, out of which 126 wer

  27. Slide 27: Infrastructure

    Infrastructure © Infosys Technologies Limited 2001-2002

  28. Slide 28: Infrastructure

    Infrastructure  Capital expenditure of Rs. 38.18 crore was incurred during the quarter  As of March 31, 2002, the company had 26,62,600 sq. ft of space capable of accommodating 12,050 professionals and 9,31,000 sq. ft under construction © Infosys Technologies Limited 2001-2002 Slide 28

  29. Slide 29: Outlook for the Future

    Outlook for the Future © Infosys Technologies Limited 2001-2002

  30. Slide 30: Indian GAAP Outlook

    Indian GAAP  Quarter ending June 30, 2002 • Income from software development services and products is projected to be in the range of Rs. 684 crore to Rs. 694 crore • Earnings per share is expected to between Rs. 31 to Rs. 32  Fiscal year ending March 31, 2003 • Revenue growth to be between 17% an

  31. Slide 31: Summary

    Summary © Infosys Technologies Limited 2001-2002

  32. Slide 32: Summary

    Summary  Met our revenue target despite tough environment  Margins retained in spite of pricing pressures  Launched new initiatives for BPM and IT Outsourcing  Enhanced interest in the offshore model  Sales and ramp-up cycles have elongated and pricing pressure continues  Clients expect to max

  33. Slide 33: Thank You

    Thank You © Infosys Technologies Limited 2001-2002

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