Infosys (NYSE: INFY) Announces Results for the Quarter and Year Ended March 31, 2015 (y 4)

March 31, 2015 March 31, 2014
ASSETS
Current assets
Cash and cash equivalents 4,859 4,331
Available-for-sale financial assets 140 367
Investment in certificates of deposit - 143
Trade receivables 1,554 1,394
Unbilled revenue 455 469
Prepayments and other current assets 527 440
Derivative financial instruments 16 36
Total current assets 7,551 7,180
Non-current assets
Property, plant and equipment 1,460 1,316
Goodwill 495 360
Intangible assets 102 57
Investment in Associates 15 -
Available-for-sale financial assets 215 208
Deferred income tax assets 85 110
Income tax assets 654 254
Other non-current assets 38 37
Total non-current assets 3,064 2,342
Total assets 10,615 9,522
LIABILITIES AND EQUITY
Current liabilities
Trade payables 22 29
Derivative Financial Instruments - -
Current income tax liabilities 451 365
Client deposits 4 6
Unearned revenue 168 110
Employee benefit obligations 171 159
Provisions 77 63
Other current liabilities 927 792
Total current liabilities 1,820 1,524
Non-current liabilities
Deferred income tax liabilities 25 11
Other non-current liabilities 8 54
Total liabilities 1,853 1,589
Equity
Share capital- INR 5 ($0.16) par value 1,200,000,000
(600,000,000) equity shares authorized, issued and
outstanding 1,142,805,132 (571,402,566), net of
5,667,200 (2,833,600) treasury shares as of March
31, 2015 (March 31, 2014), respectively 109 64
Share premium 659 704
Retained earnings 10,090 8,892
Other components of equity (2,096) (1,727)
Total equity attributable to equity holders of the
company 8,762 7,933
Non-controlling interests - -
Total equity 8,762 7,933
Total liabilities and equity 10,615 9,522

Infosys Limited and subsidiaries

Unaudited Condensed Consolidated Interim Statements of Comprehensive Income (Dollars in millions except share and per equity share data)

Three months Three months Year ended Year ended
ended March ended March March 31, March 31,
31, 2015 31, 2014 2015 2014
Revenues 2,159 2,092 8,711 8,249
Cost of sales 1,317 1,318 5,374 5,292
Gross profit 842 774 3,337 2,957
Operating expenses:
Selling and marketing expenses 118 104 480 431
Administrative expenses 169 136 599 547
Total operating expenses 287 240 1,079 978
Operating profit 555 534 2,258 1,979
Other income, net 141 139 560 440
Share in associate's profit /
(loss) - - - -
Profit before income taxes 696 673 2,818 2,419
Income tax expense 198 186 805 668
Net profit 498 487 2,013 1,751
Other comprehensive income
Items that will not be
reclassified to profit or
loss:
Re-measurement of the net
defined benefit
liability/(asset) (2) (10) (8) -
Items that may be reclassified
subsequently to profit or
loss:
Fair value changes on
available-for-sale financial
asset (2) (3) 14 (17)
Exchange differences on
translation of foreign
operations 53 228 (375) (616)
Total other comprehensive
income, net of tax 49 215 (369) (633)
Total comprehensive income 547 702 1,644 1,118
Profit attributable to:
Owners of the company 498 487 2,013 1,751
Non-controlling interests - - - -
498 487 2,013 1,751
Total comprehensive income
attributable to:
Owners of the company 547 702 1,644 1,118
Non-controlling interests - - - -
547 702 1,644 1,118
Earnings per equity share(*)
Basic ($) 0.44 0.43 1.76 1.53
Diluted ($) 0.44 0.43 1.76 1.53
Weighted average equity shares
used in computing earnings per
equity share(*)
Basic 1,142,805,132 1,142,805,132 1,142,805,132 1,142,805,132
Diluted 1,142,833,626 1,142,805,132 1,142,821,470 1,142,805,132

*Adjusted for 1:1 bonus issue in December, 2014

NOTE:

1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim Statements of Comprehensive Income for the three months and year ended March 31, 2015 have been taken on record at the Board meeting held on April 24, 2015

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

IFRS-INR Press Release: http://multivu.prnewswire.com/prnehost/I...

Fact Sheet: http://multivu.prnewswire.com/prnehost/I...

Contact

Investor Relations
Sandeep Mahindroo
+91 80 3980 1018
Sandeep_Mahindroo@infosys.com

Media Relations
Sarah Vanita Gideon, India
+91 80 4156 3373
Sarah_Gideon@Infosys.com

John Gallagher
Brunswick Group for Infosys, USA
+1 415 316 8060
jgallagher@brunswickgroup.com

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