6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the quarter ended June 30, 2018

Commission File Number 001-35754

Infosys Limited

(Exact name of Registrant as specified in its charter)

Not Applicable.

(Translation of Registrant's name into English)

Electronics City, Hosur Road, Bangalore - 560 100, Karnataka, India. +91-80-2852-0261

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) : o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) : o 

 TABLE OF CONTENTS

EXHIBIT 99.1

EXHIBIT 99.2

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Infosys Limited (“we” or “the Company”) hereby furnishes the United States Securities and Exchange Commission with copies of the following information concerning our public disclosures regarding our results of operations and financial condition for the quarter ended June 30, 2018.

The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On July 13, 2018, we announced our results of operations for the quarter ended June 30, 2018. We issued press releases announcing our results under International Financial Reporting Standards ("IFRS"), copies of which are attached to this Form 6-K as Exhibit 99.1. We have placed form of release to stock exchanges concerning our results of operations for the quarter ended June 30, 2018 under Ind-AS. A copy of the release to stock exchanges is attached to this Form 6-K as Exhibit 99.2.

The Board of Directors of the Company, on July 13, 2018, resolved to appoint Michael Gibbs as an independent director effective July 13, 2018 for a period of 3 (three) years, subject to the approval of the shareholders. The Board also considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined, subject to approval by the shareholders, and any other applicable statutory and regulatory approvals. Consequently, the ratio of equity shares underlying the ADSs held by an American Depositary Receipt holder would remain unchanged.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Infosys Limited /s/ Inderpreet Sawhney
Date: July 13, 2018	Inderpreet Sawhney General Counsel and Chief Compliance Officer

 INDEX TO EXHIBITS

Exhibit No.	Description of Document
99.1	IFRS USD Press Release
99.2	Form of Release to Stock Exchanges

EX-99.1 CHARTER

Exhibit 99.1
IFRS USD Press Release

Infosys (NYSE: INFY) announces results for the Quarter ended June 30, 2018

Bengaluru, India – July 13, 2018

· Digital revenues at $803 million (28.4% of total revenues), sequential growth of 8.0% and year-on-year growth of 25.6% in constant currency terms

· 1:1 bonus issue of equity shares and 1:1 stock dividend of American Depositary Shares

· Q1 19 revenues grew year-on-year by 6.8% in USD terms; 6.0% in constant currency terms

· Q1 19 revenues grew sequentially by 0.9% in USD terms; 2.3% in constant currency terms

· Operating margins at 23.7%, at the upper quartile of the guidance

· Large deal wins crossed $1 billion, of which over 40% was from Financial Services

· $ 100 mn clients increased sequentially by 4 to 24

· Utilization (excluding trainees) at all-time high of 85.7%

· Free Cash Flow up sequentially by 32.1% in USD terms

· RoE increases to 25.5% as compared to 24.1% last quarter

· EPS grew by 3.9% on a year-on-year basis

· FY19 revenue guidance in constant currency retained at 6%-8%; FY 19 operating margin guidance retained at 22%-24%

1. Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2018

· Revenues were $2,831 million for the quarter ended June 30, 2018
YoY growth of 6.8%; QoQ growth of 0.9%

· Net profit was $534 million for the quarter ended June 30, 2018, including impact of $39 million on account of reduction in the fair value of Assets held for sale
YoY decline of 1.2%; QoQ decline of 6.5%

· Basic EPS was $0.25 for the quarter ended June 30, 2018, including impact of $0.02 on account of reduction in the fair value of Assets held for sale
YoY growth of 3.9%; QoQ decline of 6.5%

“The strong revenue and margin performance in this quarter shows that our dual emphasis on Agile Digital and AI-driven Core services is resonating with our clients”, said Salil Parekh, CEO and MD. “With our Agile Digital business growing sequentially at 8% in constant currency and increase in our large deal wins to over US$ 1 billion, we see good traction in the market.”

“Our emphasis on deepening client relationships resulted in strong client metrics including increase in the number of $100 million+ clients to 24”, said U B Pravin Rao, COO. “Utilization excluding trainees reached an all-time high of 85.7%.”

“We had broad-based financial performance on multiple fronts - RoE crossed 25%, Free cash flow was up 32% quarter on quarter and operating margins were at the upper quartile of our margin guidance”, said M.D. Ranganath, CFO. “While we continue to make strategic investments to leverage the opportunities in Digital, our relentless focus on operational efficiencies continued in this quarter.”

2. Bonus issue of equity shares

The Board in its meeting held on July 13, 2018 has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined. Consequently, the ratio of equity shares underlying the ADSs held by an American Depositary Receipt holder would remain unchanged. The Board approved and recommended the issue of bonus shares to celebrate the 25th year of Company’s public listing in India and to further increase the liquidity of its shares. The bonus issue of equity shares and ADSs will be subject to approval by the shareholders, and any other applicable statutory and regulatory approvals.

The bonus shares once allotted shall rank pari passu in all respects and carry the same rights as the existing equity shareholders and shall be entitled to participate in full, in any dividend and other corporate action, recommended and declared after the new equity shares are allotted.

3. Addition to the Board

The Board appointed Michael Gibbs as an Independent Director of the Company effective July 13, 2018 for a period of three years, based on the recommendation of the Nomination and Remuneration Committee of the Board.

4. Assets Held for Sale

During the three months ended June 30, 2018, on remeasurement, including consideration of progress in negotiations on offers from prospective buyers for Panaya, the Company has recorded a reduction in the fair value of Disposal Group held for sale amounting to $39 million in respect of Panaya. Consequently, profit for the three months ended June 30, 2018 has decreased by $39 million resulting in a decrease in Basic earnings per equity share by $0.02 for the quarter ended June 30, 2018.

5. Adoption of Ind AS 115 - Revenue from contracts with customers

Effective April 1, 2018, the Company adopted Ind AS 115 “Revenue from Contracts with Customers” using the cumulative catch-up transition method which is applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The effect on adoption of Ind AS 115 was insignificant.

6. Voluntary delisting of American Depositary Shares from Euronext Paris and London

In line with the announcement made on June 11, 2018, the Company has voluntarily delisted its American Depository Shares (“ADSs”) (ISIN US4567881085) from Euronext Paris and London on July 5, 2018 and its ADS were removed from Euroclear France on July 10, 2018. The primary reason for voluntary delisting from Euronext Paris and London was the low average daily trading volume of Infosys ADSs on these exchanges, which was not commensurate with the related administrative expenses. Infosys ADSs will continue to be listed on the NYSE under the symbol “INFY” and investors can continue to trade their ADSs on the New York Stock Exchange.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. 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, 2017. 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.

Contact

Investor Relations	Sandeep Mahindroo +91 80 3980 1018 Sandeep_Mahindroo@infosys.com
Media Relations	Sarah Vanita Gideon +91 80 4156 3998 Sarah_Gideon@infosys.com	Chiku Somaiya  +1 71367 06752 Chiku.Somaiya@infosys.com

Infosys Limited and subsidiaries

Audited Condensed Consolidated Balance Sheet as at

(Dollars in millions except equity share data)

	June 30, 2018	March 31, 2018
ASSETS
Current assets
Cash and cash equivalents	2,411	3,041
Current investments	1,004	982
Trade receivables	2,001	2,016
Unbilled revenue	680	654
Prepayments and other current assets	707	662
Derivative financial instruments	5	2
	6,808	7,357
Assets held for sale(3)	273	316
Total current assets	7,081	7,673
Non-current assets
Property, plant and equipment	1,781	1,863
Goodwill	349	339
Intangible assets	54	38
Investment in associate	–	–
Non-current investments	821	883
Deferred income tax assets	190	196
Income tax assets	884	931
Other non-current assets	246	332
Total non-current assets	4,325	4,582
Total assets	11,406	12,255
LIABILITIES AND EQUITY
Current liabilities
Trade payables	117	107
Derivative financial instruments	20	6
Current income tax liabilities	297	314
Client deposits	27	6
Unearned revenue	340	352
Employee benefit obligations	219	218
Provisions	76	75
Other current liabilities	1,269	1,036
	2,365	2,114
Liabilities directly associated with assets held for sale(3)	50	50
Total current liabilities	2,415	2,164
Non-current liabilities
Deferred income tax liabilities	74	82
Employee benefit obligations	6	7
Other non-current liabilities	49	42
Total liabilities	2,544	2,295
Equity
Share capital- 5 ($0.16) par value 2,400,000,000 (2,400,000,000) equity shares authorized, issued and outstanding 2,173,336,341 (2,173,312,301), net of 10,790,750 (10,801,956) treasury shares as at June 30, 2018 (March 31, 2018), respectively	190	190
Share premium	253	247
Retained earnings	10,907	11,587
Cash flow hedge reserve	1	–
Other reserves	294	244
Capital redemption reserve	9	9
Other components of equity	(2,792)	(2,317)
Total equity attributable to equity holders of the company	8,862	9,960
Non-controlling interests	–	–
Total equity	8,862	9,960
Total liabilities and equity	11,406	12,255

Infosys Limited and subsidiaries

Audited Condensed Consolidated Statement of Comprehensive Income for the

(Dollars in millions except equity share and per equity share data)

	Three months ended June 30, 2018	Three months ended June 30, 2017
Revenues	2,831	2,651
Cost of sales	1,819	1,692
Gross profit	1,012	959
Operating expenses:
Selling and marketing expenses	149	138
Administrative expenses	193	183
Total operating expenses	342	321
Operating profit	670	638
Other income, net	107	127
Reduction in the fair value of Disposal Group held for sale(3)	(39)	–
Share in net profit/(loss) of associate, including impairment(4)	–	(11)
Profit before income taxes	738	754
Income tax expense	204	213
Net profit	534	541
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss:
Re-measurements of the net defined benefit liability/asset, net	–	–
Equity instruments through other comprehensive income, net	–	–
Items that will be reclassified subsequently to profit or loss:
Fair valuation of investments, net	(7)	4
Fair value changes on derivatives designated as cash flow hedge, net	1	(10)
Foreign currency translation	(468)	60
Total other comprehensive income/(loss), net of tax	(474)	54
Total comprehensive income	60	595
Profit attributable to:
Owners of the Company	534	541
Non-controlling interests	–	–
	534	541
Total comprehensive income attributable to:
Owners of the Company	60	595
Non-controlling interests	–	–
	60	595
Earnings per equity share
Basic ($)	0.25	0.24
Diluted ($)	0.25	0.24
Weighted average equity shares used in computing earnings per equity share
Basic	2,173,328,621	2,285,657,604
Diluted	2,175,355,178	2,287,058,148

NOTES:

1.	The audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the three months ended June 30, 2018 have been taken on record at the Board meeting held on July 13, 2018
2.	A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com
3.	During the three months ended June 30, 2018, on remeasurement, including consideration of progress in negotiations on offers from prospective buyers for Panaya, the Company has recorded a reduction in the fair value of Disposal Group held for sale amounting to $39 million in respect of Panaya.
4.	During the quarter ended June 30, 2017, the Company has written down the entire carrying value of the investment in its associate DWA Nova LLC amounting to $11 million

EX-99.2 BYLAWS

Exhibit 99.2
Form of Release to Stock Exchanges

  Infosys Limited Regd. office: Electronics City, Hosur Road, Bengaluru – 560 100, India CIN : L85110KA1981PLC013115 Website: www.infosys.com email: investors@infosys.com T: 91 80 2852 0261, F: 91 80 2852 0362 

Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter ended June 30, 2018 prepared in compliance with the Indian Accounting Standards (Ind-AS)

(in crore, except per equity share data)

Particulars	Quarter ended June 30,	Quarter ended March 31,	Quarter ended June 30,	Year ended March 31,
	2018	2018	2017	2018
	Audited	Audited	Audited	Audited
Revenue from operations	19,128	18,083	17,078	70,522
Other income, net (Refer note c)	726	652	814	3,311
Total Income	19,854	18,735	17,892	73,833
Expenses
Employee benefit expenses	10,462	10,054	9,366	38,893
Cost of technical sub-contractors	1,291	1,107	1,061	4,297
Travel expenses	603	492	527	1,995
Cost of software packages and others	545	466	440	1,870
Communication expenses	122	113	125	489
Consultancy and professional charges	305	282	246	1,043
Depreciation and amortisation expenses	436	458	450	1,863
Other expenses	827	639	752	2,924
Reduction in the fair value of Disposal Group held for sale ( Refer note a)	270	118	–	118
Total expenses	14,861	13,729	12,967	53,492
Profit before non-controlling interest / share in net profit / (loss) of associate	4,993	5,006	4,925	20,341
Share in net profit/(loss) of associate, including impairment of associate (Refer Note d)	–	–	(71)	(71)
Profit before tax	4,993	5,006	4,854	20,270
Tax expense: (Refer Note b)
Current tax	1,450	1,466	1,499	4,581
Deferred tax	(69)	(150)	(128)	(340)
Profit for the period	3,612	3,690	3,483	16,029
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset, net	1	34	(3)	55
Equity instruments through other comprehensive income, net	4	9	–	7
Items that will be reclassified subsequently to profit or loss
Fair value changes on derivatives designated as cash flow hedge, net	9	2	(66)	(39)
Exchange differences on translation of foreign operations	87	200	107	321
Fair value changes on investments, net	(45)	(15)	27	(1)
Total other comprehensive income/(loss), net of tax	56	230	65	343
Total comprehensive income for the period	3,668	3,920	3,548	16,372
Paid up share capital (par value 5/- each, fully paid)	1,088	1,088	1,144	1,088
Other equity	63,835	63,835	67,838	63,835
Earnings per equity share (par value 5/- each) (Refer note e)
Basic () (Refer note a and b)	16.62	16.98	15.24	71.07
Diluted ()	16.60	16.97	15.23	71.00

Note

a)	In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the Company had initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya (collectively referred to as the “Disposal Group”). The Company anticipates completion of the sale by March 2019. On reclassification, assets and liabilities in respect of the Disposal Group had been reclassified as “held for sale" and measured at the lower of carrying amount and fair value less cost to sell. Consequently, a reduction in the fair value of Disposal Group held for sale amounting to 118 crore in respect of Panaya had been recognized in the Consolidated Statement of Profit and Loss for the quarter and year ended March 31, 2018.
	During quarter ended June 30, 2018, on remeasurement, including consideration of progress in negotiations on offers from prospective buyers for Panaya, the Company has recorded a reduction in the fair value of Disposal Group held for sale amounting to 270 crore in respect of Panaya. Consequently, profit for quarter ended June 30, 2018 has decreased by 270 crore resulting in a decrease in Basic earnings per equity share by 1.24 ($0.02) for the quarter ended June 30, 2018.
	As of June 30, 2018 assets amounting to 1,867 crore and liabilities amounting to 345 crore in respect of the Disposal Group have been classified as “held for sale".
b)	In December 2017, on account of the conclusion of an Advance Pricing Agreement (“APA”) with the U.S. Internal Revenue Service (“IRS”), the Company had, in accordance with the APA, reversed income tax expense provision of $225 million (1,432 crore), which pertained to previous periods which are no longer required. Consequently, profit for the year ended March 31, 2018 had increased resulting in an increase in Basic Earnings Per equity share by 5.88 ($0.09) for the year ended March 31, 2018.
c)	Other income includes 262 crore towards interest on income tax refund for the year ended March 31, 2018.
d)	During the quarter ended June 30, 2017,the Company had written down the entire carrying value of the investment in its associate DWA Nova LLC amounting to 71 crore.
e)	EPS is not annualized for the quarter ended June 30, 2018, quarter ended March 31, 2018 and quarter ended June 30, 2017.

Notes:

1.	The audited interim consolidated financial statements for the quarter ended June 30, 2018 have been taken on record by the Board of Directors at its meeting held on July 13, 2018. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unqualified audit opinion. The information presented above is extracted from the audited interim consolidated financial statements. The interim consolidated financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.MURTHAZA
2.	Board changes
	a)	The Board appointed Michael Gibbs as an Independent Director of the Company effective July 13, 2018 for a period of three years, based on the recommendation of the Nomination and Remuneration Committee of the Board.
	b)	Ravi Venkatesan, Independent Director, has resigned from the company effective May 11, 2018. The Board placed on record its appreciation for the services rendered by him during his tenure.
3.	Bonus issue
	The Board in its meeting held on July 13, 2018 has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined. Consequently, the ratio of equity shares underlying the ADSs held by an American Depositary Receipt holder would remain unchanged. The Board approved and recommended the issue of bonus shares to celebrate the 25th year of the Company's public listing in India and to further increase the liquidity of its shares. The bonus issue of equity shares and ADSs will be subject to approval by the shareholders, and any other applicable statutory and regulatory approvals. The bonus shares once allotted shall rank pari passu in all respects and carry the same rights as the existing equity shareholders and shall be entitled to participate in full, in any dividend and other corporate action, recommended and declared after the new equity shares are allotted.
4.	Acquisition of WongDoody Holding Company Inc
	On May 22, 2018, Infosys acquired 100% of the voting interests in WongDoody Holding Company Inc., (WongDoody) an US-based, full-service creative and consumer insights agency. The business acquisition was conducted by entering into a share purchase agreement for a total consideration of up to $75 million (approximately 514 crore at the acquisition date), which includes a cash consideration of $38 million (261 crore), contingent consideration of up to $28 million (approximately 192 crore at the acquisition date) and an additional consideration of up to $9 million (approximately 61 crore at the acquisition date), referred to as retention bonus, payable to the employees of WongDoody over the next three years, subject to their continuous employment with the Group.
5.	Voluntary delisting of American Depositary Shares from Euronext Paris and London
	In line with the announcement made on June 11, 2018, the Company has voluntarily delisted its American Depository Shares (“ADSs”) (ISIN US4567881085) from Euronext Paris and London on July 5, 2018 and its ADS were removed from Euroclear France on July 10, 2018. The primary reason for voluntary delisting from Euronext Paris and London was the low average daily trading volume of Infosys ADSs on these exchanges, which was not commensurate with the related administrative expenses. Infosys ADSs will continue to be listed on the NYSE under the symbol “INFY” and investors can continue to trade their ADSs on the New York Stock Exchange.
6.	Adoption of Ind AS 115 - Revenue from contracts with customers
	Effective April 1, 2018, the Company adopted Ind AS 115 “Revenue from Contracts with Customers” using the cumulative catch-up transition method which is applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The effect on adoption of Ind AS 115 was insignificant on the financial statements.
7.	Information on dividends for the quarter ended June 30, 2018
	The Board of Directors declared a final dividend of 20.50/- per equity share for the financial year ended March 31, 2018 and a special dividend of 10/- per equity share and the same were approved by the shareholders at the Annual General Meeting held on June 23, 2018 and was paid on June 26, 2018.

   (in )

Particulars	Quarter ended June 30,	Quarter ended March 31,	Quarter ended June 30,	Year ended March 31,
	2018	2018	2017	2018
Dividend per share (par value 5/- each)
Interim dividend	–	–	–	13.00
Final dividend	–	20.50	–	20.50
Special dividend	–	10.00	–	10.00

8. Segment reporting (Consolidated - Audited)

(in crore)

Particulars	Quarter ended June 30,	Quarter ended March 31,	Quarter ended June 30,	Year ended March 31,
	2018	2018	2017	2018
Revenue by business segment
Financial Services (1)	6,075	5,886	5,631	23,172
Retail (2)	3,169	2,879	2,774	11,345
Communication (3)	2,429	2,334	2,151	8,883
Energy, Utilities , Resources and Services	2,374	2,172	1,932	8,297
Manufacturing	1,837	1,735	1,588	6,671
Hi Tech	1,422	1,335	1,250	5,131
Life Sciences (4)	1,260	1,213	1,126	4,698
All other segments (5)	562	529	626	2,325
Total	19,128	18,083	17,078	70,522
Less: Inter-segment revenue	–	–	–	–
Net revenue from operations	19,128	18,083	17,078	70,522
Segment profit before tax, depreciation and non-controlling interests:
Financial Services (1)	1,562	1,638	1,541	6,370
Retail (2)	946	834	771	3,303
Communication (3)	670	697	661	2,619
Energy, Utilities , Resources and Services	624	635	549	2,411
Manufacturing	411	342	267	1,274
Hi Tech	388	392	335	1,446
Life Sciences (4)	354	348	354	1,391
All other segments (5)	19	42	84	199
Total	4,974	4,928	4,562	19,013
Less: Other unallocable expenditure	437	456	451	1,865
Add: Unallocable other income	726	652	814	3,311
Less: Reduction in the fair value of Disposal Group held for sale	270	118	–	118
Add: Share in net profit/(loss) of associate, including impairment of associate	–	–	(71)	(71)
Profit before tax and non-controlling interests	4,993	5,006	4,854	20,270

⁽¹⁾ Financial Services include enterprises in Financial Services and Insurance

⁽²⁾ Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics

⁽³⁾ Communication includes enterprises in Communication, Telecom OEM and Media

⁽⁴⁾ Life Sciences includes enterprises in Life sciences and Health care

⁽⁵⁾ All other segments include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services

Notes on segment information

Business segments

During the quarter ended June 30, 2018, the Company internally reorganized some of its business segments to deepen customer relationships, improve focus of sales investments and increase management oversight, consequent to which enterprises in Insurance which was earlier considered under the Life Sciences, Healthcare and Insurance business segment are now considered under the Financial Services business segment and enterprises in Communication, Telecom OEM and Media which was earlier under Energy & Utilities, Communication and Services is now shown as a separate business segment. Consequent to the internal reorganization, there were changes in the reportable business segments based on “Management approach” as defined under Ind AS 108, Operating Segments. Allocated expenses of segments include expenses incurred for rendering services from the Company's offshore software development centres and on-site expenses, which are categorized in relation to the associated efforts of the segment. Segmental operating income has changed in line with the internal reorganization as well as changes in the allocation method. The previous period figures, extracted from the audited consolidated financial statements, have been presented after incorporating necessary reclassification adjustments pursuant to changes in the reportable segments.

Segmental capital employed

Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

9. Audited financial results of Infosys Limited (Standalone Information)

(in crore)

Particulars	Quarter ended June 30,	Quarter ended March 31,	Quarter ended June 30,	Year ended March 31,
	2018	2018	2017	2018
Revenue from operations	17,056	15,984	14,971	61,941
Profit before tax (Refer note (i) below)	4,782	4,390	4,716	19,908
Profit for the period (Refer note (i) below)	3,503	3,157	3,415	16,155

Note: The audited results of Infosys Limited for the above mentioned periods are available on our website, www.infosys.com and on the Stock Exchange website www.nseindia.com and www.bseindia.com. The information above has been extracted from the audited interim condensed financial statements as stated.

i) In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the company evaluated its portfolio of businesses and had planned for the sale of its investment in subsidiaries, Kallidus and Skava (together herein referred to as 'Skava') and Panaya. The Company anticipates completion of the sale by March, 2019. On reclassification, investments in these subsidiaries had been reclassified as 'Assets held for sale' and measured at the lower of carrying amount and fair value less cost to sell. Consequently, the Company had recognized a reduction in the fair value of investment amounting to 589 crore in the Statement of Profit and Loss during the quarter ended March 31, 2018, in respect of Panaya in the standalone books of Infosys Limited.

During the quarter ended June 30, 2018, on remeasurement, including consideration of progress in negotiations on offers from prospective buyers for Panaya, the Company has recorded a reduction in the fair value of investment of 265 crore in respect of Panaya. Consequently , profit for the quarter ended June 30, 2018 has decreased by 265 crore resulting in a decrease in Basic earnings per equity share by 1.21 for the quarter ended June 30, 2018 in the standalone books of Infosys Limited.

Bengaluru, India July 13, 2018	By order of the Board For Infosys Limited
	Salil Parekh Chief executive officer and Managing Director

The Board has also taken on record the condensed consolidated results of Infosys Limited and its subsidiaries for the quarter ended June 30, 2018, prepared as per International Financial Reporting Standards (IFRS) and reported in US dollars. A summary of the financial statements is as follows:

(in US$ million, except per equity share data)

Particulars	Quarter ended June 30, 2018	Quarter ended March 31, 2018	Quarter ended June 30, 2017	Year ended March 31, 2018
	Audited	Unaudited	Unaudited	Unaudited
Revenues	2,831	2,805	2,651	10,939
Cost of sales	1,819	1,793	1,692	7,001
Gross profit	1,012	1,012	959	3,938
Operating expenses	342	319	321	1,279
Operating profit	670	693	638	2,659
Other income, net	107	100	127	513
Reduction in the fair value of Disposal Group held for sale (Refer note a below)	(39)	(18)	–	(18)
Share in net profit/(loss) of associate, including impairment	–	–	(11)	(11)
Profit before income taxes	738	775	754	3,143
Income tax expense	204	204	213	657
Net profit	534	571	541	2,486
Earnings per equity share *
Basic	0.25	0.26	0.24	1.10
Diluted	0.25	0.26	0.24	1.10
Total assets	11,406	12,255	13,178	12,255
Cash and cash equivalents including current investments	3,415	4,023	5,184	4,023

* EPS is not annualized for the quarter ended June 30, 2018, quarter ended March 31, 2018 and quarter ended June 30, 2017.

a) In the quarter ended March 2018, on conclusion of a strategic review of the portfolio businesses, the Company had initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as "Skava”) and Panaya (collectively referred to as the “Disposal Group”). The Company anticipates completion of the sale by March 2019. On reclassification, assets and liabilities in respect of the Disposal Group had been reclassified as “held for sale" and measured at the lower of carrying amount and fair value less cost to sell. Consequently, a reduction in the fair value of Disposal Group amounting to $18 million in respect of Panaya had been recognized in the Consolidated Profit and Loss for the quarter and year ended March 31, 2018.

During the quarter ended June 30, 2018, on remeasurement, including consideration of progress in negotiations on offers from prospective buyers for Panaya, the Company has recorded a reduction in the fair value of Disposal Group held for sale amounting to $39 million in respect of Panaya. Consequently, profit for the quarter ended June 30, 2018 has decreased by $ 39 million, resulting in a decrease in Basic earnings per equity share by $0.02 for the quarter ended June 30, 2018.

As of June 30, 2018 assets amounting to $273 million and liabilities amounting to $50 million in respect of the disposal group have been classified as “held for sale".

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, 2017. 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.