Infosys (NYSE: INFY) Announces Results for the Quarter Ended September 30, 2013 (y 3)

        
                                             Three     Three       Six       Six
                                            months    months    months    months
                                             ended     ended     ended     ended
                                         September September September September
                                          30, 2013  30, 2012  30, 2013  30, 2012

        Revenues                            $2,066    $1,797    $4,057    $3,549
        Cost of sales                        1,337     1,114     2,633     2,173
        Gross profit                           729       683     1,424     1,376
        Operating expenses:
        Selling and marketing expenses         120        92       223       178
        Administrative expenses*               158       119       282       237
        Total operating expenses               278       211       505       415
        Operating profit                       451       472       919       961
        Other income, net                       81       129       184       216
        Profit before income taxes             532       601     1,103     1,177
        Income tax expense                     149       170       302       330
        Net profit                            $383      $431      $801      $847
        Other comprehensive income
        Items that will not be
        reclassified to profit or loss
        Re-measurement of the net
        defined benefit
        liability/(asset)                       $5         -        $6         -
        Items that may be reclassified
        subsequently to profit or loss
        Fair value changes on
        available-for-sale financial
        asset, net of tax effect              ($4)        $1      ($4)         -
        Exchange differences on
        translating foreign operations       (316)       324     (935)     (228)
        Total other comprehensive income    ($315)      $325    ($933)    ($228)
        Total comprehensive income             $68      $756    ($132)      $619
        Profit attributable to:
        Owners of the company                 $383      $431      $801      $847
        Non-controlling interests                -         -         -         -
                                              $383      $431      $801      $847
        Total comprehensive income
        attributable to:
        Owners of the company                  $68      $756    ($132)      $619
        Non-controlling interests                -         -         -         -
                                               $68      $756    ($132)      $619
        Earnings per equity share
        Basic ($)                             0.67      0.75      1.40      1.48
        Diluted ($)                           0.67      0.75      1.40      1.48

(*) Administrative expenses for quarter and half year ended September 30, 2013 include a provision of $ 35 million towards visa related matters.

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, 2013 has been taken on record at the Board meeting held on October 11, 2013

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

Fact Sheet: http://multivu.prnewswire.com/mnr/prne/o...

INR: http://multivu.prnewswire.com/mnr/prne/o...

        
        Contact

        Investor Relations

        Gargi Ray, India
        +91-80-4116-7747
        gargi_ray@infosys.com

        Sandeep Mahindroo, US
        +1(646)254-3133
        Sandeep_Mahindroo@infosys.com

        Media Relations

        Sarah Vanita Gideon, India
        +91(80)4156-3373
        Sarah_Gideon@Infosys.com

        Ken Montgomery, Golin Harris, US
        +1(415)318-4399
        KMontgomery@GolinHarris.com

    Photo:
    http://photos.prnewswire.com/prnh/201301...