Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2014 (2)

- Infosys has won Hitachi's 'Technical Architect Team of the Year' award for
its exemplary work in architecting an infrastructure transformation solution for a
leading US-based financial services provider.
- Infosys was named the partner of the year at a leading global retailer.
- Infosys has been named a 'Leader' in Gartner's Magic Quadrant for Oracle
Application Implementation Services, Worldwide for its completeness of vision and its
ability to execute.
- Strengthening its leadership position further, Finacle was rated a 'Leader' in
The Gartner's Magic Quadrant for International Retail Core Banking 2014, for the
eighth time in a row. Infosys was positioned at the highest level, within the Leaders
Quadrant, in ability to execute and furthest in completeness of vision.
- CEB TowerGroup rated Finacle e-Banking and trade finance solutions as
'Best-in-Class' solutions for customer experience, design and security, and enterprise
support.
- Infosys was named a 'Leader' in The Forrester Wave(TM): BI Service Providers,
Q4 2014
[http://www.infosys.com/business-application-services/features-opinions/Pages/strategic-investments-BI-transparency.aspx ]
. It received top scores for experience across
multiple geographies and industries, strategic investments in business intelligence,
and transparency.
- The American Council for Technology - Industry Advisory Council (ACT-IAC)
selected Infosys Marketplace-as-a-Service platform as one of the top 30 finalists for
its Igniting Innovation 2015 Awards
[https://actiac.org/custom-links/13343/68020/67416 ].
- Infosys BPO won four Gold Awards at the TISS LeapVault Chief Learning Officers
Awards 2014 in the categories Best Global L&D Team of the Year, Best Corporate
University, Best Virtual Learning Program and Best Induction Training Program.
- Infosys McCamish won the Workflow Management Coalition (WfMC) Global Award for
Excellence in Case Management for Insurance.

Beyond Business

Infosys has pledged INR 254 crore ($ 40 million) for FY 15 towards Corporate Social Responsibility (CSR) which is primarily being carried out through the Infosys Foundation, its philanthropic arm. Infosys and its subsidiaries donated $ 10 million and $ 31 million to Infosys Foundation and to Spark-IT for the quarter and nine-months ended December 31, 2014, respectively.

The Infosys Foundation is engaged in several programs aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute. Spark-IT is a three-month program launched by the Foundation, to enhance the skill levels of unemployed engineering graduates in the country. It has committed INR 20 crore ($ 3 million) for this program which will help train 3,000 graduates in the fiscal year 2015.

During the quarter, Infosys donated $ 2 million to the Institute for Advanced Study (IAS) to create the Infosys Fund that will be used to support visiting scientists and scholars advance their research at the world-renowned institute in Princeton, New Jersey. Through this fund, two scholars across the Institute's four Schools each year will receive support related to all aspects of the academic appointment and community life that are unique and fundamental aspects of the Institute for Advanced Study experience.

This quarter, Infosys expanded its Corporate Social Responsibility (CSR) activities in the Americas through its philanthropic arm, the Infosys foundation, USA. It will focus on making quality computer science education widely and easily accessible across communities in the Americas. The company also announced the appointment of Mrs. Sudha Murty, Mrs. Vandana Sikka and Mr. Sandeep Dadlani as the trustees of Infosys Foundation, USA. The initial outlay for Infosys Foundation, USA, will be $ 5 million per annum.

Management changes

The company announced that Mr. Parvatheesam Kanchinadham, Chief Risk & Compliance Officer and Company Secretary, will be leaving the company effective January 10, 2015. Mr. Parvatheesam has been with the company for the past 12 years and has contributed in multiple areas. The company thanks him for his contribution.

Mr. David Kennedy, General Counsel, will assume the role of Chief Compliance Officer. Mr. Manikantha A.G.S., will be the interim Company Secretary.

About Infosys Ltd

Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.

Visit http://www.infosys.com to see how Infosys , with US$ 8.25 billion in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and our Forms 6- K for the quarters ended June 30, 2014 and September 30, 2014. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this advertisement is January 9, 2015, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

Infosys Limited and subsidiaries

Unaudited Condensed Consolidated Interim Balance Sheets as of

(Dollars in millions except equity share data)

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