Infosys (NASDAQ: INFY) Announces Results for the Quarter and Year Ended March 31, 2012 (1)

BANGALORE, India, April 13, 2012 /PRNewswire/ --

Q4 revenues declined by 1.9% sequentially; FY12 revenues grew by 15.8%

Fiscal 2013 revenues expected to grow by 8.0% to 10.0%

Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended March 31, 2012

-- Revenues were $1,771 million for the quarter ended March 31, 2012; QoQ decline was 1.9%; YoY growth was 10.5%

-- Net income after tax was $463 million for the quarter ended March 31, 2012; QoQ growth was 1.1%; YoY growth was 15.2%

-- Earnings per American Depositary Share (EPADS) was $0.81 for the quarter ended March 31, 2012; QoQ growth was 1.3%; YoY growth was 15.7%

-- 52 clients were added during the quarter by Infosys and its subsidiaries

-- Gross addition of 10,676 employees (net addition of 4,906) for the quarter by Infosys and its subsidiaries

-- 149,994 employees as on March 31, 2012 for Infosys and its subsidiaries

-- The Board of Directors recommended a final dividend of `22 per ADS for fiscal 2012 and a special dividend of `10per ADS on account of completion of 10 years of Infosys BPO operations (equivalent to final dividend of approximately $0.43 per ADS and special dividend of 10 years of Infosys BPO operations of $0.20 per ADS at the prevailing exchange of `50.88per US$). The Register and Share Transfer Books of the Company will be closed from May 26, 2012 to June 9, 2012 (both days inclusive)

"The year ahead looks challenging for the IT services industry, with slow recovery in the global markets," said S. D. Shibulal, CEO and Managing Director. "We are executing on our Infosys 3.0strategy which is meant to deliver high quality growth in the medium to long term. We are making investments and have put in place a structure to deliver on this strategy."

Business outlook

The company's outlook (consolidated) for the quarter ending June 30, 2012 and for the fiscal year ending March 31, 2013, under IFRS is as follows:

Outlook under IFRS - consolidated*

Quarter ending June 30, 2012

-- Revenues are expected to be in the range of $1,771 million and $1,789 million; YoY growth of 6.0% to 7.1%

-- Earnings per American Depositary Share (EPADS) is expected to be $0.73; YoY growth of 9.0%

Fiscal year ending March 31, 2013

-- Revenues are expected to be in the range of $7,553 million and $7,692 million; YoY growth of 8.0% to 10.0%

-- Earnings per American Depositary Share (EPADS) is expected to be in the range of $3.12 to $3.17; YoY growth of 4.0% to 5.7%

* Exchange rates considered for major global currencies: AUD / USD - 1.04; GBP / USD - 1.60; Euro / USD - 1.33

Awards and Recognition

Infosys was recognized by analysts, industry bodies and other influencers in the last quarter.

Business Today, one of India's leading business magazines, recognized Infosys as the top recruiter out of business schools in India. InStep, our Global Internship Program, won the National Council for Work Experience Award 2012 for short term work placements in the UK.

Infosys' implementation of Microsoft Dynamics AX at Farabi Petrochemicals, Saudi Arabia was recognised by Microsoft(R) with the Industry Excellence Award, as part of the Microsoft Dynamics 2012 Customer Excellence Awards program.

Infosys BPO won several awards at the World HRD Congress 2012, including the Global HR Excellence Award, Fun at Work Award, RASBIC Award which recognizes exemplary practices in innovative acquisition of talent, Employer Branding Awards for innovation in retention strategy and innovation in career management, STAR News Talent Leadership and HR Award for best overall talent management organization of the year and Top 10 Best Employers of the Year Award.

Consulting and Systems Integration

We continue to help clients realize business value through business process and IT transformation. We were chosen by an American public electric and water utility to help transform its legacy IT applications, thereby enabling greater efficiency and compliance, and improving its customer and employee satisfaction. We were engaged by a Middle East gas distributor as a strategic partner for its customer relationship management implementation, to drive operational efficiency, faster customer response time and effective governance through integrated customer operations.

A U.S. cable multi-system operator selected us as its strategic partner to create a center of excellence for data integration to address the dynamic needs of its business users, resulting in cost optimization and faster time to market for new offerings.

A U.S. based security systems corporation has engaged us as its single source IT services provider for global transformation and consolidation of its Oracle based business applications roadmap over the next five years. This will include strategic IT planning, change management, package implementation to streamline and optimize business processes, consolidation and creation of a scalable application ecosystem to drive reduction in total cost of ownership.

Business IT Services

Our IT-enabled business solutions and complementary services help clients build efficiency into their operations.

We have been selected by a combination natural gas and electric utilities to modernize its data center, thereby helping it move to industry standard infrastructure, and implement robust disaster recovery and operational processes.

A North American telco chose us for a billing migration program to move customers from several billing systems onto one integrated system to provide better customer experience, and reduce costs and errors. A European finance and insurance company has engaged us to support its global infrastructure services in order to improve quality of IT infrastructure, reduce costs and time to market, and establish best practices to be leveraged globally.

We are working on a multi-year open source adoption program for a corporation which manufactures and sells machinery and engines, to reduce its licensing and infrastructure costs.

Infosys BPO

Infosys BPO continues to addresses our clients' business challenges, unlocking business value by applying proven process methodologies, integrated IT and business process outsourcing solutions. A high-end retailer of apparel, accessories and jewellery has engaged us to develop a comprehensive business process value solution to streamline its online digital channel operations. We have partnered with a corporation which sells, markets and distributes food products, to optimize its enterprise resource planning roll-out strategy. The solution includes streamlining the process of maintaining its master database, delivering clearly defined outcomes with a milestone based roadmap.

A brewing and soft drinks company selected us for two strategic transformation initiatives - to drive group wide procurement synergy benefits for direct material purchases, and to review its entire manufacturing and distribution footprint, as it consolidates its operations and distribution network.

We were also chosen to assist an Australian engineering services firm with its offshore sourcing strategy, including identifying new sources of supply globally and enabling the necessary adaptations in the organization's infrastructure to implement international supply chains.

Infosys Public Services

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