Slide 1: Performance for the Third Quarter ended December 31, 2004
Performance for the Third Quarter ended December 31, 2004 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 Technologies Limited 2004-2005
Slide 5: Highlights
Highlights This quarter Last quarter Nine months FY 05 Indian GAAP - Consolidated Y-O-Y Growth Income 49.2% 51.9% 46.8% PAT 51.4% 48.6% 46.7% US GAAP Y-O-Y Growth Revenues 53.3% 51.0% 49.6% Net income 57.8% 49.3% 51.3% New clients 38 32 99 Repeat business 95.0% 96.3% 96.5% Headcount - Group Gross ad
Slide 6: Highlights (Indian GAAP - Consolidated)
Highlights (Indian GAAP - Consolidated) (Rs. crore) FY2005 Q3 FY2005 Q2 FY2004 Q3 % growth over Q2 05 Q3 04 Income 1,875.61 1,749.33 1,257.01 7.22 49.21 S/w development expenses 991.48 926.66 656.70 7.00 50.98 Gross profit 884.13 822.67 600.31 7.47 47.28 S,G&A expenses 266.15 261.64 187.22 1.72 42.1
Slide 7: Balance Sheet Summary
Balance Sheet Summary (Rs. crore) Dec 31, 2004 % Dec 31, 2003 % LIABILITIES Shareholders’ funds 4,820.64 100 3,773.10 100 Total liabilities 4,820.64 100 3,773.10 100 ASSETS Fixed assets 1,431.15 30 829. 59 22 Investments 2.04 - 8.79 - Deferred tax assets 42.98 1 32.85 1 Current assets Cash & equival
Slide 8: Operational Performance
Operational Performance © Infosys Technologies Limited 2004-2005
Slide 9: Geography-wise Revenue
Geography-wise Revenue % FY2005 Q3 FY2005 Q2 FY2004 Q3 North America 66.6 65.2 72.2 Europe 22.1 21.4 20.7 India 2.1 1.7 0.6 Rest of the world 9.2 11.7 6.5 Total 100.0 100.0 100.0
Slide 10: Utilization
Utilization 100.0% 0.0% Q3 FY 2005 Q2 FY 2005 79.3% 81.0% 71.4% 71.4% Including training Excluding training 71.4% 79.3% 71.4% 81.0% Q3 FY 2005 Q2 FY 2005
Slide 11: Revenues by Project type
Revenues by Project type % FY2005 Q3 FY2005 Q2 FY2004 Q3 Fixed Price 31.4 29.7 34.4 Time & Materials 68.6 70.3 65.6 Total 100.0 100.0 100.0
Slide 12: Onsite-Offshore Revenue
Onsite-Offshore Revenue % FY2005 Q3 FY2005 Q2 FY2004 Q3 Onsite 49.0 49.8 51.3 Offshore 51.0 50.2 48.7 Total 100.0 100.0 100.0
Slide 13: Customer Concentration
Customer Concentration FY2005 Q3 FY2005 Q2 FY 2004 Q3 Client contribution to revenues (%) Top client 4.9 5.5 5.5 Top 5 clients 19.8 21.6 22.8 Top 10 clients 32.1 34.7 36.1 No. of clients* Million dollar 156 146 130 Five million+ dollar 65 60 48 Ten million+ dollar 37 31 22 Twenty million+ dollar 18
Slide 14: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services © Infosys Technologies Limited 2004-2005
Slide 15: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services Client acquisitions during the quarter were 38 Automotive and Aerospace sector The Asian and North American divisions of a globally renowned automotive manufacturer began to engage with Infosys. For the Asian division, Infosys is involved in developing a di
Slide 16: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services Insurance and Healthcare industries Infosys is working with a premier US-based wellness company and a provider of tools, applications and healthcare content to analyze, design and implement new systems that strengthen their internal processes In a mission-c
Slide 17: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services Retail industry A US supermarket giant used Infosys’ services to address process improvement initiatives and program management issues Infosys also completed a large end-to-end business process re-engineering initiative for a leading corporation in the food
Slide 18: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services China Infosys started working with a recognized global leader in power and automation technologies to revamp its IT systems Others A global leader in product safety and certification testing and a leading global provider of information technology solutions
Slide 19: Banking Products
Banking Products A reputed bank based in the United Arab Emirates has selected Finacle® Universal Banking Solution to power its end-to-end banking requirements. The bank will deploy Finacle® core banking, treasury and e-banking solutions across 11 branches A leading building society based in Zimbabw
Slide 20: Human Resources
Human Resources © Infosys Technologies Limited 2004-2005
Slide 21: Human Resources
Human Resources Total employee strength at 35,229 as on December 31, 2004, up from 32,949 as on September 30, 2004 33,051 software professionals as on December 31, 2004, up from 30,922 as on September 30, 2004 Of these software professionals, 1,125 belong to the Banking Business Unit Gross addition
Slide 22: Capex and Infrastructure
Capex and Infrastructure © Infosys Technologies Limited 2004-2005
Slide 23: Capex and Infrastructure
Capex and Infrastructure Capital expenditure of Rs. 256.07 crores was incurred during the quarter As on December 31, 2004, the company had 65,15,250* sq. ft of space capable of accommodating 30,633 professionals; and 32,15,600* sq. ft under completion capable of accommodating 15,215 professionals *
Slide 24: Outlook for the Future
Outlook for the Future © Infosys Technologies Limited 2004-2005
Slide 25: Indian GAAP—Consolidated Outlook
Indian GAAP—Consolidated Quarter ending March 31, 2005 * Income is expected to be between Rs. 1,956 crore and Rs. 1,964 crore; YOY growth of 45% Earnings per share is expected to be Rs. 18.90; YOY growth of 50% Fiscal year ending March 31, 2005 Income is expected to be between Rs. 7,098 crore and Rs
Slide 26: Summary
Summary © Infosys Technologies Limited 2004-2005
Slide 27: Summary
Summary Guidance for FY 2005 revised upwards in USD terms Another quarter of robust growth Demand for offshore outsourcing continued to be strong Clients have responded favourably to the combination of our consulting services and offshore delivery Our focus on creating synergies has enhanced our com
Slide 28: Thank You
Thank You © Infosys Technologies Limited 2004-2005