Infosys (NASDAQ: INFY) Announces Results for the Quarter Ended September 30, 2012

Bangalore, India (ots/PRNewswire) -

Q2 Revenues grew by 2.9% Year on Year

Highlights

Consolidated results under International Financial Reporting
Standards (IFRS) for the quarter ended September 30, 2012

Revenues were $1,797 million for the quarter ended September 30,
2012; YoY growth was 2.9%

Net income after tax was $431 million for the quarter ended
September 30, 2012; YoY growth was 4.9%

Earnings per American Depositary Share (EPADS) was $0.75 for the
quarter ended September 30, 2012; YoY growth was 4.2%

39 clients were added during the quarter by Infosys and its
subsidiaries

Gross addition of 10,420 employees (net addition of 2,610) for
the quarter by Infosys and its subsidiaries

153,761 employees as on September 30, 2012 for Infosys and its
subsidiaries

Declared an interim dividend of `15 per ADS (equivalent to an
interim dividend of $0.28 per ADS, at the prevailing exchange rate of
`53.00 per US$). The record date for the payment of dividend is
October 19, 2012.

"Global economic uncertainties continue to face the industry,"
said S. D. Shibulal, CEO and Managing Director. "We have increased
employee wages, used some of our cash in a transformational
acquisition of a consulting business and enhanced our investment in
R&D and solutions. These initiatives will position us well in the
industry and provide a strong platform for future growth."

Business outlook*

The company's outlook (consolidated) for the fiscal year ending
March 31, 2013, under IFRS is as follows:

Revenues are expected to be at least $7.343bn; YoY growth of 5%
(5.7% in constant currency terms)

Earnings per American Depositary Share (EPADS) is expected to be
at least $2.97 ( Fiscal 2013 guidance given on July 12, 2012 was $
3.03 which is reset at the current exchange rate at $2.97)

* Exchange rates considered for major global currencies: AUD /
USD - 1.04; GBP / USD - 1.62; Euro / USD - 1.29 for rest of fiscal
2013

Awards and Recognition

Infosys was recognized by analysts, industry bodies and other
influencers in the last quarter

- We were recognized as one of the Achievers 50 Most Engaged Workplaces(TM)
in the United States (U.S.) for our leadership and innovation towards engaging
employees.
- We were ranked second on The 2012 Global Outsourcing 100 List compiled
annually by the International Association of Outsourcing Professionals (IAOP) for our
performance across all four survey assessment categories, namely, size and growth,
customer references, organizational competencies, and management capabilities.
- For the second consecutive year, we have won the P&G Global Business Services
Organization's External Business Partner Excellence Award for the quality of our
execution, commitment to relationship and work with P&G's ecosystem of partners and
co-creating innovation.
- Infosys China has been listed among the Top 10 Global Service Providers in
China by the China Council for International Investment Promotion for the second
consecutive year.
- Infosys BPO won the Award for Innovation in Learning at the Best Learning &
Development Awards 2012.
- Infosys BPO won the Golden Peacock HR Excellence Award 2012.
- Infosys BPO won the Award for Institution Building at the Asia Pacific HRM
Congress Awards - 2012.

Expansion of services and significant projects

Infosys is focused on delivering measurable business value to
clients by enabling transformational process changes, accelerating
innovation and optimizing their operations

Consulting and Systems Integration

An elevator and escalator manufacturer chose us to implement
service and maintenance solutions using Oracle Siebel Customer
Relationship Management (CRM) application for its India and United
Arab Emirates (UAE) businesses. A provider of consumer and commercial
banking, trust, securities brokerage, mortgage and insurance products
and services, selected us to implement a single sign-on solution for
its commercial banking customers - to provide simplified access to
all commercial banking applications in a unified portal, thereby
improving customer experience.

A life insurance firm in the U.S. has partnered with us to
implement a next-generation CRM solution based on the Microsoft
Dynamics platform; covering more than 12,000 active field force
members, 21 million client contacts and 2 million households. For an
integrated energy company we will implement an enterprise wide
identity and access management solution.

India Business Unit

We were selected by the Ministry of Corporate Affairs (MCA) to
further strengthen and transform the new phase of the MCA 21 V2
project. MCA 21 is the first Mission Mode Project (MMP) under
National e-Governance Plan (NeGP) of India and has been a
transformational and successful project that has enabled easy and
secure access to MCA services by its stakeholders, corporate sector
as well as investors, through an online portal.

Business IT Services

A manufacturer of paints, coatings and powder coatings selected
us to develop a solution for its Research and Development (R&D)
department to standardize paint test information storage and
retrieval, thereby enhancing productivity. We have been selected to
partner with the quality assurance and testing division of a bank for
the assessment, solution, roadmap definition, and establishment of a
Testing Center of Excellence (CoE).

A property and casualty insurer in the U.S. chose us as its
strategic partner for infrastructure management services. We have
been engaged as a preferred partner to provide business IT services
across application development and support, testing, infrastructure
and change management to a public personal lines insurer in the U.S.

We signed a managed services contract with a company in the food
industry to outsource its application services, infrastructure
operations and deployment activities in its SAP transformation
program. A U.S. logistics and freight transportation provider
partnered with us to optimize, support, and administer its complete
IT infrastructure aimed at higher infrastructure reliability, on-time
performance, and enhanced customer service.

Infosys Public Services

We are partnering with leading healthcare and public sector
organizations in the U.S. and Canada to help them leverage technology
solutions and services to derive business value.

A postal solution provider engaged us to create a robust business
intelligence system to provide accurate health and safety data to
field personnel to increase self-service, improve efficiency and
reduce costs. For a Blue Cross-Blue Shield Plan we are enhancing its
provider portal to support self-service functions and information
updates via web, to improve data accuracy and productivity. Another
Blue Cross-Blue Shield Plan engaged us to provide end-to-end
migration and testing services to support the strategic migration of
its business processes from an enterprise legacy platform to third
party administrators

Engineering Services

We offer a wide range of engineering and technology services that
cover our client's entire product lifecycle from design to
sustenance. With a global footprint supported by 9,000 engineers
working with more than 200 clients in 30 countries, Infosys'
Engineering Services are delivered across nine different industry
verticals.

A global retail corporation engaged us in the design and
implementation of a Product Lifecycle Management (PLM) solution to
transform its production operations by reducing product development
cycle time and cost of raw material resulting in significant
financial savings. A food and beverage corporation chose us to assess
its network infrastructure readiness for its Bring Your Own Device
(BYOD) initiative spanning hundreds of locations across the U.S. and
Canada; we will also recommend the network foundation for its future
enterprise mobility strategy.

An independent software vendor partnered with us for development,
testing, sustaining engineering and support for network monitoring,
digital forensics and network security management solutions that
protect its worldwide information ecosystem. An Indian
telecommunications conglomerate chose us to help define its video,
enhanced communications, device, identity and implementation
strategies for infrastructure and services in support of its new 4G
service.

Infosys BPO

A not-for-profit health plan provider partnered with us to
improve its claims process in terms of accuracy and turnaround time
through a comprehensive solution leveraging our automated workflow,
reporting and auditing solutions. An integrated healthcare delivery
provider in Asia-Pacific partnered with us to standardize and
harmonize its processes by setting up a shared service environment.

Products, Platforms and Solutions

We continue to see momentum across industries for Products and
Platforms. This quarter we added 15 wins across industries and
geographies. Our products and platforms (excluding Finacle(TM)) are
now adopted by more than 60 global clients.

A hotel operator in Europe has selected Infosys CommerceEdge(TM)
to provide its online customers with an enhanced social shopping
experience. The platform supports the purchase process by connecting
consumers with their friends on social channels. Customers will be
able to compare and seek opinions on their purchases and share travel
experiences seamlessly. A multinational consumer food products
company has selected Infosys TradeEdge(TM) to gain secondary sales
visibility in emerging markets, enabling better distributor
collaboration and supply chain planning.

A global research-based biopharmaceutical company has selected
Infosys Edge business platform to transform its information
management process by enhancing collaboration between teams and
driving regulatory compliance during drug discovery process. A global
apparel brand selected Infosys Omni Channel Personalization Engine to
create the next-generation online consumers experience to drive
deeper personalization and enhance consumer engagement resulting in
higher conversion rate.

This quarter we also took new products to the market. Through a
jointly developed solution with AT&T, we redefined customer service
with SpeedSolve - a comprehensive next-generation product that makes
communication faster and more efficient for call centers and related
operations.

Finacle(TM)

Finacle(TM) from Infosys has been positioned as a leader in the
Gartner Magic Quadrant for International Retail Core Banking (IRCB)
2012*. Gartner Inc. positioned vendor/product based on two broad
parameters - ability to execute and completeness of vision.
Finacle(TM) was positioned as a leader in the market among the 19
vendor/product evaluated.

Finacle(TM) continued its business momentum, adding six wins this
quarter. Of these, four were from Europe, Middle East and Africa
(EMEA) and two were from the Asia-Pacific (APAC) region. Nine client
projects went live on Finacle(TM) in the quarter. Of these, four went
live in APAC, three in EMEA and two in the Americas.

The implementation of Finacle at Denmark's Nykredit bank went
live recently. Commenting on this major milestone in the bank's
strategic journey, Group Managing Director Per Ladegaard from
Nykredit said: "Adopting a partnership with Finacle has been
important to the success of this project. The integrated Nykredit and
Finacle team worked closely with the bank's IT and business teams.
They laid a solid foundation from which we will be able to offer
superior products and service to our clients, and achieve our
business growth objectives."

Cloud

We are seeing good momentum in the market for our Cloud business
and have executed more than 170 engagements. In the last quarter, we
won more than 20 engagements across Cloud services, Big Data and
Security.

As a Cloud Ecosystem Integrator, we work with more than 30
partners and have made significant investments in solutions and
intellectual property with the successful launch of the Infosys Cloud
Ecosystem Hub solution. This is the first solution that effectively
helps enterprises build, manage and govern a unified hybrid cloud
environment.

A life-sciences major engaged us to migrate and support its
legacy integration services to a Cloud based platform, including new
native Cloud application development along with integration services
for Cloud. A financial services major in the U.S. selected us to
build the foundation of an online services marketplace and leverage a
Cloud based model to enable subscription, brokering, federation and
monetization of services and data with the required security, policy
and standards. We will also manage the Windows Azure operations for
the client.

A financial services company chose to leverage our Big Data
solutions to understand and reduce its risk when lending to
commercial clients. The solution will help the client process its
voluminous data around non-performing assets and draw real-time
insights and streamline its loan origination process.

Enterprise Mobility

Mobility continues to be a business priority and focus area for
Enterprises. Till date, the business unit has executed more than 250
projects, 300 application rollouts, and serviced more than 70
clients. In the last quarter, we have won more than 18 new
engagements in key areas such as enterprise mobility strategy,
advisory and envisioning services, mobile field service, mobile sales
force automation, enterprise IT, multi-channel commerce, and mobile
asset management.

We were engaged to define the enterprise and consumer mobility
strategy for an American food major, helping the company make the
right investments to achieve its business goals and return on
investment. For a large American bank, we are redesigning the
architecture of its mobile banking solution to be more scalable and
robust. The new architecture will reduce efforts in adding new
services, and supporting new platforms.

We are creating a mobile-based field service solution for the
technicians of an Asian storage and computing systems vendor. The
solution improves technician collaboration, order-taking for spares
and accessories, and overall time to resolve complaints. A European
consumer packaged goods major selected us to develop a mobile-based
sales and order management system to improve efficiency in its sales
processes and effectiveness of its local marketing campaigns.

A Nordic retailer chose us to help rollout a mobile channel for
shopping that will provide its customers a seamless and convenient
cross-channel shopping experience.

Patents

During the second quarter, Infosys applied for 33 patent
applications in Indiaand the U.S. With this, Infosys has an aggregate
of 533 unique patent applications (at various prosecution stages) in
India, U.S. and other jurisdictions and has been granted 56 patents
by the United StatesPatent and Trademark Office and two patent by
Luxembourgpatent office.

Liquidity

As on September 30, 2012, cash and cash equivalents, including
investments in available-for-sale financial assets, certificates of
deposits and government bonds was $4.3bn ($3.8bn as on September 30,
2011).

"Our operating cash flows continue to be strong while our cash
and cash equivalents crossed US $4bn," said V. Balakrishnan, Member
of the Board and Chief Financial Officer. "We are focused on high
quality growth despite global currency and economic volatility."

Senior Management Changes

After six years at the helm of the Company's finances, Mr. V.
Balakrishnan, Member of the Board and CFO, will be giving up his
position as CFO from October 31, 2012. Mr. Rajiv Bansal, currently
Vice President - Finance, will take over as CFO from November 1,
2012.

Mr. V. Balakrishnan will continue as a member of the Board and
will be responsible for three key businesses - Business Process
Management (or Infosys BPO), Finacle(TM) and the India Business Unit.

Mr. Kris Gopalakrishnan, Executive Co- Chairman of Infosys had
this to say: "Bala is one of the finest CFO in the country. He has
led his team in setting new standards in financial reporting,
corporate governance and compliance. A top performer, he successfully
managed a high quality financial model which has withstood the
pressure of the current economic downturn. Given his belief that
younger people should get strategic opportunities to shape this
company, he has voluntarily given up his CFO position and instead
chosen to focus on Infosys BPO, Finacle(TM) and the India Business
Unit."

"Rajiv Bansal has been a very bright star in the Finance
Department. He has been with Infosys for 13 years and has been
heading the finance function under Bala for the past four years. We
wish this outstanding professional the best in his new role," said
Kris Gopalakrishnan.

*Source: Gartner, "Magic Quadrant for International Retail Core
Banking" Don Free, 26 September 2012

Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users to
select only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect
to this research, including any warranties of merchantability or
fitness for a particular purpose.

About Infosys Ltd

Infosys partners with global enterprises to drive their
innovation-led growth. That's why Forbes ranked Infosys 19th among
the top 100 most innovative companies. As a leading provider of
next-generation consulting, technology and outsourcing solutions,
Infosys helps clients in more than 30 countries realize their goals.

Visit http://www.infosys.com [http://isinfwp2/pages/index.aspx ]
and see how Infosys , with its 153,000 people, is Building Tomorrow's
Enterprise(R) today.

Safe Harbor

Certain statements in this release concerning our future growth
prospects are forward-looking statements, 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, 2012 and on Form 6-K for the
quarter ended September 30, 2011, December 31, 2011 and June 30,
2012. 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. 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.

Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)
September 30, March 31,
2012 2012
ASSETS
Current assets
Cash and cash equivalents $3,265 $4,047
Available-for-sale financial assets 943 6
Investment in certificates of deposit 49 68
Trade receivables 1,264 1,156
Unbilled revenue 368 368
Derivative financial instruments 27 -
Prepayments and other current assets 329 300
Total current assets 6,245 5,945
Non-current assets
Property, plant and equipment 1,097 1,063
Goodwill 191 195
Intangible assets 34 34
Available-for-sale financial assets 2 2
Investment in government bonds 12 -
Deferred income tax assets 67 62
Income tax assets 199 204
Other non-current assets 32 32
Total non-current assets 1,634 1,592
Total assets $7,879 $7,537
LIABILITIES AND EQUITY
Current liabilities
Derivative financial instruments - $9
Trade payables 6 5
Current income tax liabilities 241 207
Client deposits 2 3
Unearned revenue 144 107
Employee benefit obligations 109 98
Provisions 40 26
Other current liabilities 501 482
Total current liabilities 1,043 937
Non-current liabilities
Deferred income tax liabilities 10 2
Other non-current liabilities 13 22
Total liabilities 1,066 961
Equity
Share capital- `5 ($0.16) par value
600,000,000 equity shares authorized, issued
and outstanding 571,398,846 and 571,396,401,
net of 2,833,600 treasury shares each as of
September 30, 2012 and March 31, 2012,
respectively 64 64
Share premium 703 703
Retained earnings 6,974 6,509
Other components of equity (928) (700)
Total equity attributable to equity holders
of the company 6,813 6,576
Non-controlling interests - -
Total equity 6,813 6,576
Total liabilities and equity $7,879 $7,537
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
Three Three
months months Six months Six months
ended ended ended ended
September September September September
30, 2012 30, 2011 30, 2012 30, 2011
Revenues $1,797 $1,746 $3,549 $3,417
Cost of sales 1,114 1,025 2,173 2,047
Gross profit 683 721 1,376 1,370
Operating expenses:
Selling and marketing
expenses 92 98 178 187
Administrative expenses 119 133 237 258
Total operating expenses 211 231 415 445
Operating profit 472 490 961 925
Other income, net 129 85 216 184
Profit before income taxes 601 575 1,177 1,109
Income tax expense 170 164 330 314
Net profit $431 $411 $847 $795
Other comprehensive income
Fair value changes on
available - for-sale
financial asset, net of
tax effect $1 $(2) - $(2)
Exchange differences on
translating foreign
operations 324 (555) (228) (562)
Total other comprehensive
income $325 $(557) $(228) $(564)
Total comprehensive income $756 $(146) $619 $231
Profit attributable to:
Owners of the company $431 $411 $847 $795
Non-controlling interests - - - -
$431 $411 $847 $795
Total comprehensive income
attributable to:
Owners of the company $756 $(146) $619 $231
Non-controlling interests - - - -
$756 $(146) $619 $231
Earnings per equity share
Basic ($) 0.75 0.72 1.48 1.39
Diluted ($) 0.75 0.72 1.48 1.39
Weighted average equity
shares used in computing
earnings per equity share
Basic 571,397,749 571,359,222 571,397,150 571,346,361
Diluted 571,398,613 571,392,924 571,398,353 571,394,391

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, 2012 has been taken
on record at the Board meeting held on October 12, 2012

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

http://multivu.prnewswire.com/infosys/Factsheet-Q2-2013.pdf

http://multivu.prnewswire.com/infosys/INR-press-release.pdf

Contact
Investor Relations
Avishek Lath, India
+91(80)4116-7744
avishek_lath@infosys.com
Sandeep Mahindroo, US
+1(646)254-3133
sandeep_mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91(80)4156-4998
Sarah_Gideon@infosys.com
Danielle D'Angelo, USA
+1(510)859-5783
Danielle_Dangelo@infosys.com

ots Originaltext: Infosys Technologies Ltd.
Im Internet recherchierbar: http://www.presseportal.de