Slide 1: Performance for the Fourth Quarter ended March 31, 2005
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Performance for the Fourth Quarter ended March 31, 2005 Nandan M. Nilekani Chief Executive Officer, President and Managing Director S. Gopalakrishnan Chief Operating Officer and Deputy Managing Director © Infosys Technologies Limited 2004-2005
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 rel
Slide 3: Agenda
Agenda Financial Performance Operational Performance Client Acquisition & Expansion of Services Human Resources Capex and Infrastructure Outlook for the Future Summary
Slide 4: Financial Performance
Financial Performance Infosys® POWERED BY INTELLECT DRIVEN BY VALUES © Infosys Technologies Limited 2004-2005
Slide 5: Highlights
Highlights Indian GAAP—Consolidated This quarter Last quarter FY05 Y-O-Y Growth Income 47.3% 49.2% 46.9% PAT from ordinary activities 53.2% 51.4% 48.5% US GAAP Y-O-Y Growth Revenues 50.2% 53.3% 49.8% Net income 64.9% 57.8% 55.2% New clients 37 38 136 Repeat business 92.9% 95.0% 95.4% Headcount—Group
Slide 6: Highlights (Indian GAAP—Consolidated)
Infosys® Highlights (Indian GAAP—Consolidated) (Rs. crore) FY2005 Q4 FY2005 Q3 FY2004 Q4 % growth over Q3 05 Q4 04 Income 1,987.32 1,875.61 1,349.45 5.96 47.27 S/w development expenses 1,041.31 991.48 707.09 5.03 47.27 Gross profit 946.01 884.13 642.36 7.00 47.27 S,G&A expenses 279.30 266.15 193.19
Slide 7: Highlights (Indian GAAP—Annual)
Highlights (Indian GAAP—Annual) (Rs. crore) FY2005 % FY2004 % Growth % Income 7,129.65 100.0 4,852.95 100.0 46.9 S/w development expenses 3,764.66 52.8 2,538.67 52.3 48.3 Gross profit 3,364.99 47.2 2,314.28 47.7 45.4 S,G&A expenses 1,029.98 14.4 720.09 14.8 43.0 Operating profit 2,335.01 32.8 1,594.
Slide 8: Balance Sheet Summary
Balance Sheet Summary (Rs. crore) Mar 31, 2005 % Mar 31, 2004 % LIABILITIES Shareholders’ funds 5,318.76 100 3,343.14 100 Total liabilities 5,318.76 100 3,343.14 100 ASSETS Fixed assets 1,574.15 30 1,031.86 31 Investments 2.04 0 2.04 0 Deferred tax assets 44.37 1 39.97 1 Current assets Cash & equiva
Slide 9: Operational Performance
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Operational Performance © Infosys Technologies Limited 2004-2005
Slide 10: Geography-wise Revenue
Geography-wise Revenue % FY2005 Q4 FY2005 Q3 FY2004 Q4 FY2005 FY2004 North America 63.9 66.6 65.5 65.2 71.2 Europe 23.3 22.1 20.3 22.3 19.2 India 2.0 2.1 1.2 1.9 1.4 Rest of World 10.8 9.2 13.0 10.6 8.2 Total 100.0 100.0 100.0 100.0 100.0
Slide 11: Utilization
Utilization 100.0% 73.2% 71.4% 76.6% 79.3% 0.0% Including training Excluding training Q4 FY 2005 73.2% 76.6% Q3 FY2005 71.4% 79.3% Q4 FY 2005 Q3 FY 2005
Slide 12: Revenues by Project type
Revenues by Project type % FY 2005 Q4 FY 2005 Q3 FY 2004 Q4 FY 2005 FY 2004 Fixed Price 29.4 31.4 30.6 30.0 33.8 Time & Materials 70.6 68.6 69.4 70.0 66.2 Total 100.0 100.0 100.0 100.0 100.0 © Infosys Technologies Limited 2004-2005 Slide 12
Slide 13: Onsite-Offshore Revenue
Onsite-Offshore Revenue % FY 2005 Q4 FY 2005 Q3 FY 2004 Q4 Onsite 48.1 49.0 53.0 Offshore 51.9 51.0 47.0 Total 100.0 100.0 100.0
Slide 14: Customer Concentration
Customer Concentration Q42005 Q32005 Q4 2004 Client contribution to revenues (%) Top client 6.3 4.9 6.5 Top 5 clients 21.2 19.8 23.3 Top 10 clients 33.8 32.1 37.1 No. of clients* Million dollar 166 156 131 Five million+ 71 65 51 Ten million+ 42 37 25 Twenty million+ 19 18 12 Thirty million+ 11 10 6
Slide 15: Client Acquisition & Expansion of Services
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Client Acquisition & Expansion of Services © Infosys Technologies Limited 2004-2005
Slide 16: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services Client acquisitions during the quarter were 37. No. of active clients on March 31, 2005 were Infosys’ Radio-Frequency Identification (RFID) solutions continued to make global corporations more competitive A global advanced electronics and high technology co
Slide 17: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services A large independent distributor of office equipment and document management services is using Infosys’ business intelligence solution for Sarbanes Oxley compliance Two leading specialty retailers are using Infosys’ expertise to improve their inventory and p
Slide 18: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services Infosys is consolidating multiple billing systems for a prominent integrated telecommunications services provider in the US Infosys enabled a global telecom service provider to set up a regional customer service center to provide data, voice, mobile and CRM
Slide 19: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services Infosys completed a web-based risk management program for a leading mortgage insurance services company in the US A power and automation technologies leader engaged Infosys in China to assess internal controls for Sarbanes Oxley compliance A leading investm
Slide 20: Banking Products
Banking Products Finacle®, the universal banking solution from Infosys, continued to empower banks to transform their business by leveraging next generation technologies Among the new wins in this quarter include a major financial services group in Western Europe, two leading banks in Central and Ea
Slide 21: Human Resources
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Human Resources © Infosys Technologies Limited 2004-2005
Slide 22: Human Resources
Human Resources* Gross addition of employees during the quarter was 2,506, out of which 969 were laterals Net addition of 1,521 employees during the quarter as compared to 2,280 during the quarter ended December 31, 2004 Total employee strength at 36,750 as on March 31, 2005, up from 35,229 as on De
Slide 23: Capex and Infrastructure
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Capex and Infrastructure © Infosys Technologies Limited 2004-2005
Slide 24: Capex and Infrastructure
Capex and Infrastructure Capital expenditure of Rs. 244.14 crore was incurred during the quarter As on March 31, 2005, the company had 69,27,450* sq. ft of space capable of accommodating 33,511 professionals; and 31,76,400 sq. ft under completion capable of accommodating 16,615 professionals *Exclud
Slide 25: Outlook for the Future
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Outlook for the Future © Infosys Technologies Limited 2004-2005
Slide 26: Indian GAAP—Consolidated Outlook
Indian GAAP—Consolidated Quarter ending June 30, 2005 * Income from ordinary activities is expected to be between Rs. 2,002 crore and Rs. 2,020 crore; YOY growth of 32%—33% Earnings per share from ordinary activities is expected to be Rs. 19.30; YOY growth of 33% Fiscal year ending March 31, 2006 In
Slide 27: Summary
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Summary © Infosys Technologies Limited 2004-2005
Slide 28: Summary
Summary We have been taking steps towards transforming the way we manage our large accounts Our clients increasingly see us as a strategic long-term partner who can offer a wide range of services Pricing has been stable Our variable compensation plan helped align our employee cost to the growth of b
Slide 29: Thank You
Infosys® POWERED BY INTELLECT DRIVEN BY VALUES Thank You © Infosys Technologies Limited 2004-2005