Infosys Technologies (INFY)

Moderator

Good afternoon everyone. I welcome you all to Infosys 4^th quarter and annual results press conference. I shall quickly take you through the agenda. We shall begin the proceeding with a press conference by an overview by Mr. Nandan Nilekani on the company’s financial performance. This will be followed by a detailed presentation on the company’s operational performance by Mr. Kris Gopalakrishnan. He will also cover areas like client acquisition, HR, etc. Mr. Nandan Nilekani will thereafter provide the outlook for the coming year. This will be followed by the Q&A. As usual, please press the black button in the panel in front of you to ask the question, and please give your name before asking the question. Over to Nandan and Kris.

Nandan Nilekani

Good afternoon and welcome to this new year, new beginning. but some things don’t change. I will begin by giving the brief overview of the performance for the fourth quarter. Now this quarter, Indian GAAP income year to year growth was 47.3%, and for the year it was 46.9%. PAT from ordinary activities this quarter, the growth was 53.2% and for the year it was 48.5%. On US GAAP, our year to year growth in revenues was 50.2% for the quarter, and 49.8% for the year. And net income for this quarter on US GAAP was 64.9%, and for the year 55.2%, but this is also because as you know we had an extraordinary income this quarter from sale of Yantra shares of $11 million.

New clients this quarter were 37. Repeat business 92%. Net additions this quarter is at 1521, which is lower than the previous quarter. So overall, by the end of the period the Infosys head count was at 36,750.

For Q4, Indian GAAP on a consolidated basis across all our units, income was 1987 crores with an operating profit of 666 crores. Profit from ordinary activities of 513 crores, and as I mentioned to your earlier, net of taxes we had Rs. 45 crores in exceptional item from the sale of our investment in Yantra, and the total PAT for the quarter after including the exceptional is at Rs. 558 crores. On an annual basis, the year we have closed at Rs. 7129 crores, which as I told you is a 46.9% growth. Our total operating profit for the year of Rs. 2335 crores. PAT from ordinary activities of Rs. 1846 crores, and including the Yantra income, the PAT is at Rs. 1891 crores.

The balance sheet today is at Rs. 5318 crores with fixed assets of Rs. 1500 crores, and current assets including cash at Rs. 3000 crores, and the overall total assets at 5318 crores.

With this I will request Kris to go through the operational performance.

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