PR Newswire
BENGALURU, India, Jan. 10, 2020
- FY 20 revenue guidance increased to 10.0%-10.5%
BENGALURU, India, Jan. 10, 2020 /PRNewswire/ -- "Q3 results further underscore that we remain steadfast in our journey of sustained client relevance and deepening engagement with them, as they partner with us in navigating their next in the digital transformation era", said Salil Parekh, CEO and MD. "For us, this has translated into double digit growth year-to-date, leading to an increase in revenue guidance, accompanied by expanding operating margins."
40.8% YoY 9.5% YoY 1% QoQ 21.9% $1.8 bn
Digital CC growth Cc growth CC growth Operating Margin Large deal signings
1. Financial Highlights – Consolidated results under International Financial Reporting Standards (IFRS)
"Overall performance during the quarter was satisfactory on multiple counts – broad-based growth, steady increase in client metrics and healthy large deal wins", said Pravin Rao, COO. "Large deal wins continue to be robust with growth of 56% so far this year. We had a further reduction in attrition, demonstrating the results of our continued efforts towards strengthening employee engagement and value proposition."
"Operating margins improved further during the quarter driven by relentless cost optimization and operating leverage", said Nilanjan Roy, CFO. "Cash generation was extremely strong with cumulative free cash flow crossing $ 1.5 bn. Return on Equity increased further to 25.9% driven by margin expansion and increased shareholder payouts."
2. Update on Whistleblower Matters
The company has issued a separate press release announcing conclusion of the independent investigation into allegations contained in the anonymous whistleblower complaints disclosed earlier.
3. Client wins & Testimonials
4. Recognitions
About Infosys
Infosys is a global leader in next-generation digital services and consulting. We enable clients to navigate their digital transformation, leveraging our teams from over 46 countries. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements mentioned in this 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2019. These filings are available at 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. 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 | ||
| ||
(Dollars in millions except equity share data) | ||
| ||
| December 31, 2019 | March 31, 2019 |
ASSETS | | |
Current assets | | |
Cash and cash equivalents | 2,422 | 2,829 |
Current investments | 431 | 958 |
Trade receivables | 2,529 | 2,144 |
Unbilled revenue | 914 | 777 |
Prepayments and other current assets | 820 | 827 |
Income tax assets | 1 | 61 |
Derivative financial instruments | 5 | 48 |
Total current assets | 7,122 | 7,644 |
Non-current assets | | |
Property, plant and equipment | 1,896 | 1,931 |
Right-of-use assets(B4) | 540 | - |
Goodwill | 584 | 512 |
Intangible assets | 185 | 100 |
Non-current investments | 594 | 670 |
Deferred income tax assets | 195 | 199 |
Income tax assets | 739 | 914 |
Other non-current assets | 255 | 282 |
Total non-current assets | 4,988 | 4,608 |
Total assets | 12,110 | 12,252 |
LIABILITIES AND EQUITY | | |
Current liabilities | | |
Trade payables | 263 | 239 |
Lease liabilities(B4) | 79 | - |
Derivative financial instruments | 13 | 2 |
Current income tax liabilities | 216 | 227 |
Client deposits | 2 | 4 |
Unearned revenue Werbung Mehr Nachrichten zur Infosys Ltd. ADR Aktie kostenlos abonnieren
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