EX-99.9 CUST CONTRCT 10 exv99w09.htm ADVERTISEMENT exv99w09.htm
Exhibit 99.9
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 infosys
Infosys Technologies Limited
Regd. office: Electronics City, Hosur Road, Bangalore – 560 100, India.
 

 
Audited Consolidated financial results of Infosys Technologies Limited and its subsidiaries for the quarter ended June 30, 2010 prepared in compliance with International Financial Reporting Standards as issued by International Accounting Standards Board (IFRS)
 
 (in Rs. crore, except per share data)
Particulars
Quarter ended June 30,
Year ended March 31,
 
2010
2009
2010
Revenues
6,198
 5,472
 22,742
Cost of sales
3,648
 3,139
 13,020
Gross profit
 2,550
 2,333
 9,722
Selling and marketing expenses
339
 261
 1,184
Administrative expenses
456
 428
 1,628
Operating profit
1,755
 1,644
 6,910
Other income
239
 269
 990
Profit before income taxes
1,994
 1,913
 7,900
Income tax expense
 506
 388
 1,681
Net profit
1,488
 1,525
 6,219
Paid-up equity share capital (par value Rs. 5/- each, fully paid)
286
 287
 286
Share premium, retained earnings and other components of equity
24,256
 19,585
 23,787
Earnings per share (par value Rs. 5/- each)
 
 
 
Basic
26.06
 26.76
 109.02
Diluted
26.05
 26.73
 108.90
Dividend per share (par value Rs. 5/- each) (Refer Note 5)
 
 
 
Interim dividend
 –
 –
 10.00
Final dividend
 –
 –
 15.00
Total dividend
 –
 –
 25.00
Total Public Shareholding #
 
 
 
Number of shares
37,49,91,027
37,38,41,312
37,48,64,267
Percentage of shareholding
 65.34
 65.24
 65.32
Promoters and Promoter Group Shareholding
 
 
 
Pledged / Encumbered
 
 
 
Number of shares
 –
 –
 –
Percentage of shares (as a % of the total shareholding of promoter and promoter group)
 –
 –
 –
Percentage of shares (as a % of the total share capital of the company)
 –
 –
 –
Non-encumbered
 
 
 
Number of shares
9,20,84,978
9,44,84,978
9,20,84,978
Percentage of shares (as a % of the total shareholding of promoter and promoter group)
 100.00
 100.00
 100.00
Percentage of shares (as a % of the total share capital of the company)
 16.05
 16.49
 16.05
# Total Public Shareholding as defined under Clause 40A of the Listing Agreement (excludes shares held by founders and American Depository Receipt Holders)
 
1. The audited financial statements have been taken on record by the Board of Directors at its meeting held on July 13, 2010. The statutory auditors have expressed an unqualified audit opinion. The information presented above is extracted from the audited financial statements as stated. The financial statements are prepared in accordance with International Financial Reporting Standards as issued by International Accounting Standards Board (IFRS).
2. The Securities and Exchange Board of India (SEBI) had on November 9, 2009 issued a press release permitting listed entities having subsidiaries to voluntarily submit the consolidated financial statements as per IFRS. Further, the SEBI issued a circular, dated April 5, 2010, wherein the Listing Agreement has been modified to this effect from March 31, 2010. Consequent to this, the company has voluntarily prepared and published audited consolidated IFRS Financial Statements for the quarter ended June 30, 2010.
3. Other information (Consolidated - Audited)
 
 (in Rs. crore)
Particulars
Quarter ended June 30,
Year ended March 31,
 
2010
2009
2010
Staff costs
3,382
 2,878
 12,093
Items exceeding 10% of aggregate expenditure
 –
 –
 –
Details of other income:
 
 
 
Interest on deposits with banks and others
 237
 226
 779
Income from available-for-sale financial assets/investments
20
 10
 160
Miscellaneous income, net
2
 2
 21
Gains/(losses) on foreign currency
(20)
 31
 30
Total
 239
 269
 990
 
4.
Audited Financial Results of Infosys Technologies Limited (Stand alone Information)
 
 (in Rs. crore)
Particulars
Quarter ended June 30,
Year ended March 31,
 
2010
2009
2010
Revenues
 5,758
 5,104
 21,140
Profit before tax and exceptional item
 1,919
 1,837
 7,472
Profit after tax before exceptional item
1,431
 1,464
 5,755
Profit after tax and exceptional item
 1,431
 1,464
 5,803
 
5.
The final dividend of Rs. 15.00 per share for fiscal 2010 was approved by the shareholders at the Annual General Meeting of the company held on June 12, 2010 and the same was paid subsequently.
6.
Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter ended June 30, 2010
 
         
Nature of complaints received
Opening balance
Additions
Disposal
Closing balance
Dividend/Annual report related
 –
170
170
 –
 
7.
Segment reporting (Consolidated - Audited)
 
 (in Rs. crore)
Particulars
Quarter ended June 30,
Year ended March 31,
 
2010
2009
2010
Revenue by industry segment
 
 
 
Financial services
2,238
 1,807
 7,731
Manufacturing
1,208
 1,121
 4,506
Telecom
876
 922
 3,661
Retail
815
 723
 3,035
Others
1,061
 899
 3,809
Total
 6,198
 5,472
 22,742
Less: Inter-segment revenue
 –
 –
 -
Net revenue from operations
 6,198
 5,472
 22,742
Segment profit before tax, depreciation and non-controlling interest:
 
 
 
Financial services
741
 599
 2,710
Manufacturing
379
 350
 1,374
Telecom
272
 367
 1,451
Retail
228
 240
 1,025
Others
343
 312
 1,301
Total
1,963
 1,868
 7,861
Less: Other un-allocable expenditure
208
 224
 951
 (excluding un-allocable income)
 
 
 
Operating profit before tax and non-controlling interest
 1,755
 1,644
 6,910
 
Notes on segment information
 
Principal segments
 
The company’s operations predominantly relate to providing technology services, delivered to clients globally, operating in various industry segments. Accordingly, revenues represented along industries served constitute the primary basis of the segmental information set out above.
 
Segmental capital employed
 
Fixed assets used in the company’s business or liabilities contracted have not been identified to any of the reportable segments, as the fixed assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made.
 
By order of the Board
for Infosys Technologies Limited
 
 
 Bangalore, India
July 13, 2010
 S. D. Shibulal
Chief Operating Officer
and Director
 S. Gopalakrishnan
Chief Executive Officer
and Managing Director
 
                                
The Board has also taken on record the unaudited consolidated results of Infosys Technologies Limited and its subsidiaries for the quarter ended June 30, 2010, prepared as per International Financial Reporting Standards (IFRS). A summary of the financial statements is as follows:
 
 (in US$ million, except per ADS data)
Particulars
Quarter ended June 30,
Year ended March 31,
 
2010
2009
2010
Revenues
1,358
1,122
4,804
Cost of sales
800
 643
 2,749
Gross profit
558
 479
2,055
Net profit
326
 313
 1,313
Earnings per American Depositary Share (ADS)
 
 
 
Basic
0.57
 0.55
 2.30
Diluted
0.57
 0.55
 2.30
Total assets
6,115
4,825
6,148
Cash and cash equivalents including available-for-sale financial assets and certificates of deposit
3,446
2,510
3,532
 
 
Statements in connection with this release may include forward-looking statements within the meaning of U.S. Securities laws intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2010, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.