Slide 1: Performance of Infosys group for the First Quarter ended June 30, 2007
Performance of Infosys group for the First Quarter ended June 30, 2007 S. Gopalakrishnan S. D. Shibulal Chief Executive Officer and Managing Chief Operating Officer Director
Slide 2: Forward-looking statements
Certain statements in this presentation 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 relating to
Slide 3: Agenda
» Financial Performance » Operational Performance » Client Acquisition & Expansion of Services » Human Resources » Capex and Infrastructure » Outlook » Summary
Slide 4: Financial Performance
Financial Performance
Slide 5: Q1 FY2008 growth highlights
Q1 FY 08 Q4 FY 07 Q1 FY 07 Indian GAAP Y-O-Y Growth Income 25.1% 43.8% 45.6% PAT from ord. Activities 34.5% 68.4% 50.8% US GAAP Y-O-Y Growth Revenues 40.6% 45.5% 38.7% Net income 51.1% 70.4% 42.6% New clients 35 34 38 Repeat business 99.5% 93.3% 97.0% Headcount Gross addition 7,004 5,992 8,097 Net a
Slide 6: Income statement (Rs. crore)
(Rs. crore) FY2008 FY2007 FY 2007 % growth over Qi Q4 Qi Q407 Q107 Income 3,773 3,772 3,015 0.0 25.1 S/w development expenses 2,169 2,021 1,666 7.3 30.2 Gross profit 1,604 1,751 1,349 (8.4) 18.9 S,G&A expenses 520 554 460 (6.1) 13.0 Operating profit 1,084 1,197 889 (9.4) 21.9 Depreciation 144 145 10
Slide 7: Balance sheet June 30, 2007
June 30, 2007 % June 30, 2006 % LIABILITIES Shareholders’ funds 12,339 100 7,843 100 Minority interest 4 . 8 - Total liabilities 12,343 100 7,851 100 ASSETS Fixed assets 3,963 32 2,724 36 Investments - - - q Deferred tax assets 99 1 73 1 Current assets Cash & equivalents* 6,442 52 3,434 44 Accounts
Slide 8: Operational Performance
Operational Performance
Slide 9: Revenue by geography
% Q1 2008 Q4 2007 Q1 2007 North America 62.6 62.6 64.0 Europe 26.8 26.6 26.2 India 1.8 1.5 1.4 Rest of the world 8.8 9.3 8.4 Total 100.0 100.0 100.0
Slide 10: Utilization rates
100.0% 5 70.5% 73.0% 73-9% 67.9% 0.0% » - a = ro Including training Excluding training ™ Q4 2007 67.9% 73.0% = Q1 2008 70.5% 73.9% ™Q4 2007 mQ1 2008
Slide 11: Time & Materials
% Q1 2007 Time & Materials 26.9 73.1 100.0
Slide 12: Revenue split onsite/offshore
Revenue split % Q1 2008 Q4 2007 Q1 2007 Onsite 49.7 49.8 50.5 Offshore 50.3 50.2 49.5 Total 100.0 100.0 100.0
Slide 13: Client contribution to revenues and client counts
Q1 2008 Q4 2007 Q1 2007 Client contribution to revenues(%) Top Client 8.6 8.5 5.8 Top 5 clients 21.4 21.3 19.5 Top 10 clients 32.3 33.4 31.7 No. of clients* 1 Million dollar + 285 275 221 5 Million dollar + 113 107 94 10 Million dollar + 75 71 56 20 Million dollar + 40 36 28 30 Million dollar + 26 2
Slide 14: Client Acquisition & Expansion of Services
Client Acquisition & Expansion of Services
Slide 15: Client acquisitions during the quarter
——— » Client acquisitions during the quarter were 35 » A telecommunications major in the UK aims to roll out services rapidly and realize value faster by deploying a new service management platform from Infosys » A global consumer electronics leader is using Infosys’ technology and domain expertise
Slide 16: Client acquisition & expansion of services
i ition & Expansion Sa = » A leading provider of diversified financial services used Infosys’ help to better integrate data from its newly acquired subsidiaries for improved reporting and compliance » A leading electronics and electrical products manufacturer rolled out an Infosys solution to reduce
Slide 17: Finacle banking solution updates
» At the Banker Technology Awards, Finacle®, the universal banking solution from Infosys, received a ‘Highly Commended’ mention under the back office project category for retail banking » Finacle® added four new clients, including Emirates Bank, which has selected Finacle® core banking, Islamic bank
Slide 18: Patent applications
» During the quarter, Infosys applied for 6 patents in the US and India. With this, Infosys has filed an aggregate of 87 patent applications in both countries
Slide 19: Human Resources
Human Resources
Slide 20: Total employee strength
Q1 2008 Q4 2007 Total employee strength 75,971 72,241 Software professionals 71,018 68,156 Gross addition 7,004 5,992 Net addition 3,730 2,809 Laterals 1,859 1,647
Slide 21: Capex and Infrastructure
Capex and Infrastructure
Slide 22: Capital expenditure and facility space
» Capital expenditure of Rs. 336 crore was incurred during the quarter » As on June 30, 2007, the company had 1,20,52,601* sq. ft of space capable of accommodating 58,488 employees and 1,05,63,183 sq. ft under completion capable of accommodating 34,049 employees * Excluding subsidiaries
Slide 23: Outlook
Outlook
Slide 24: Indian GAAP consolidated outlook
Indian GAAP — Consolidated ae » Quarter ending September 30, 2007* » Income is expected to be between Rs. 3,952 crore and Rs. 3,993 crore; YOY growth of 14.5% - 15.7% » Earnings per share** is expected to be Rs. 18.88; YOY growth of 12.7% » Fiscal year ending March 31, 2008* » Income is expected to
Slide 25: Summary
Summary
Slide 26: Summary
na = SS » Continued to focus on being a partner of choice to our customers » In an increasingly flat business world, the demand for large end-to-end players like Infosys continues to be strong » Deeper client engagement has resulted in clients other than the top ten growing sequentially by 9.3% duri
Slide 27: Thank You
Thank You