PR Newswire
BENGALURU, India, Oct. 11, 2019
BENGALURU, India, Oct. 11, 2019 /PRNewswire/ -- "Our performance was robust on multiple dimensions – revenue growth, digital growth, operating margins, operational efficiencies, large deal signings and reduction in attrition," said Salil Parekh, CEO and MD. "All these are clear signs that we are progressing well in our journey of client-centricity and maximizing value for our stakeholders."
38.4% YoY | 11.4% YoY | 3.3% QoQ | 1.2% QoQ | $2.8 bn |
Digital CC growth | CC growth | CC growth | OM expansion | Large deal signings |
*USD/INR exchange rate as of September 30, 2019
1. Financial Highlights – Consolidated results under International Financial Reporting Standards (IFRS)
For the quarter ended September 30, 2019 | For six months ended September 30, 2019 |
"Q2 witnessed another quarter of all-round growth in industry segments and geographies which is a testimony to our strong credentials and client relevance", said Pravin Rao, COO. "Large deal wins were $2.8 bn. We are especially pleased by the reduction in attrition driven by our focus on enhanced employee value proposition."
"We saw expansion in operating margins during the quarter driven by improvement in operational parameters and cost efficiencies", said Nilanjan Roy, CFO. "We took the first step towards implementation of our new capital allocation policy by increasing interim dividend by over 14% compared to FY 19."
2. Capital Allocation
The Company completed its share buyback of ₹8,260 crore on 26th August, 2019. With this the company completed the additional capital return program of upto ₹13,000 crore announced in April 2018.
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, 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, 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 | ||
Audited Condensed Consolidated Balance Sheet as at | ||
(Dollars in millions except equity share data) | ||
| September 30, 2019 | March 31, 2019 |
ASSETS | | |
Current assets | | |
Cash and cash equivalents | 2,324 | 2,829 |
Current investments | 496 | 958 |
Trade receivables | 2,265 | 2,144 |
Unbilled revenue | 1,026 | 777 |
Prepayments and other current assets | 761 | 827 |
Income tax assets | 5 | 61 |
Derivative financial instruments | 15 | 48 |
Total current assets | 6,892 | 7,644 |
Non-current assets | | |
Property, plant and equipment | 1,878 | 1,931 |
Right-of-use assets(B3) | 552 | - |
Goodwill | 576 | 512 |
Intangible assets | 191 | 100 |
Non-current investments | 556 | 670 |
Deferred income tax assets | 192 | 199 |
Income tax assets | 904 | 914 |
Other non-current assets | 280 | 282 |
Total non-current assets | 5,129 | 4,608 |
Total assets | 12,021 | 12,252 |
LIABILITIES AND EQUITY | | |
Current liabilities | | |
Trade payables | 301 | 239 |
Lease liabilities(B3) | 73 | - |
Derivative financial instruments | 5 Werbung Mehr Nachrichten zur Infosys Ltd. ADR Aktie kostenlos abonnieren
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