Infosys (NASDAQ: INFY) Announces Results for the Quarter Ended September 30, 2012 (y 4)

        
        Infosys Limited and subsidiaries
        Unaudited Condensed Consolidated Balance Sheets as of
        (Dollars in millions except share data)
                                                          September 30,     March 31,
                                                               2012           2012
        ASSETS
        Current assets
        Cash and cash equivalents                            $3,265         $4,047
        Available-for-sale financial assets                     943              6
        Investment in certificates of deposit                    49             68
        Trade receivables                                     1,264          1,156
        Unbilled revenue                                        368            368
        Derivative financial instruments                         27              -
        Prepayments and other current assets                    329            300
        Total current assets                                  6,245          5,945
        Non-current assets
        Property, plant and equipment                         1,097          1,063
        Goodwill                                                191            195
        Intangible assets                                        34             34
        Available-for-sale financial assets                       2              2
        Investment in government bonds                           12              -
        Deferred income tax assets                               67             62
        Income tax assets                                       199            204
        Other non-current assets                                 32             32
        Total non-current assets                              1,634          1,592
        Total assets                                         $7,879         $7,537
        LIABILITIES AND EQUITY
        Current liabilities
        Derivative financial instruments                          -             $9
        Trade payables                                            6              5
        Current income tax liabilities                          241            207
        Client deposits                                           2              3
        Unearned revenue                                        144            107
        Employee benefit obligations                            109             98
        Provisions                                               40             26
        Other current liabilities                               501            482
        Total current liabilities                             1,043            937
        Non-current liabilities
        Deferred income tax liabilities                          10              2
        Other non-current liabilities                            13             22
        Total liabilities                                     1,066            961
        Equity
        Share capital- `5 ($0.16) par value
        600,000,000 equity shares authorized, issued
        and outstanding 571,398,846 and 571,396,401,
        net of 2,833,600 treasury shares each as of
        September 30, 2012 and March 31, 2012,
        respectively                                             64             64
        Share premium                                           703            703
        Retained earnings                                     6,974          6,509
        Other components of equity                            (928)          (700)
        Total equity attributable to equity holders
        of the company                                        6,813          6,576
        Non-controlling interests                                 -              -
        Total equity                                          6,813          6,576
        Total liabilities and equity                         $7,879         $7,537
        Infosys Limited and subsidiaries
        Unaudited Condensed Consolidated Statements of Comprehensive Income
        (Dollars in millions except share and per equity share data)
                                         Three       Three
                                        months      months  Six months  Six months
                                         ended       ended       ended       ended
                                     September   September   September   September
                                      30, 2012    30, 2011    30, 2012    30, 2011
        Revenues                        $1,797      $1,746      $3,549      $3,417
        Cost of sales                    1,114       1,025       2,173       2,047
        Gross profit                       683         721       1,376       1,370
        Operating expenses:
        Selling and marketing
        expenses                            92          98         178         187
        Administrative expenses            119         133         237         258
        Total operating expenses           211         231         415         445
        Operating profit                   472         490         961         925
        Other income, net                  129          85         216         184
        Profit before income taxes         601         575       1,177       1,109
        Income tax expense                 170         164         330         314
        Net profit                        $431        $411        $847        $795
        Other comprehensive income
        Fair value changes on
        available - for-sale
        financial asset, net of
        tax effect                          $1        $(2)           -        $(2)
        Exchange differences on
        translating foreign
        operations                         324       (555)       (228)       (562)
        Total other comprehensive
        income                            $325      $(557)      $(228)      $(564)
        Total comprehensive income        $756      $(146)        $619        $231
        Profit attributable to:
        Owners of the company             $431        $411        $847        $795
        Non-controlling interests            -           -           -           -
                                          $431        $411        $847        $795
        Total comprehensive income
        attributable to:
        Owners of the company             $756      $(146)        $619        $231
        Non-controlling interests            -           -           -           -
                                          $756      $(146)        $619        $231
        Earnings per equity share
        Basic ($)                         0.75        0.72        1.48        1.39
        Diluted ($)                       0.75        0.72        1.48        1.39
        Weighted average equity
        shares used in computing
        earnings per equity share
        Basic                      571,397,749 571,359,222 571,397,150 571,346,361
        Diluted                    571,398,613 571,392,924 571,398,353 571,394,391

NOTE:

1. The unaudited Condensed Consolidated Balance sheets and Condensed Consolidated Statements of Comprehensive Income for the three months and six months ended September 30, 2012 has been taken on record at the Board meeting held on October 12, 2012

2. A Fact Sheet providing the operating metrics of the company can be downloaded from http://www.infosys.com

http://multivu.prnewswire.com/infosys/Factsheet-Q2-2013.pdf

http://multivu.prnewswire.com/infosys/INR-press-release.pdf

        
        Contact
        Investor Relations
        Avishek Lath, India
        +91(80)4116-7744
        avishek_lath@infosys.com
        Sandeep Mahindroo, US
        +1(646)254-3133
        sandeep_mahindroo@infosys.com
        Media Relations
        Sarah Vanita Gideon, India
        +91(80)4156-4998
        Sarah_Gideon@infosys.com
        Danielle D'Angelo, USA
        +1(510)859-5783
        Danielle_Dangelo@infosys.com