EX-99.4 ACQ AGREEMNT 5 exv99w04.htm FACT SHEET

Exhibit 99.4

Fact Sheet

 

 

 

 

 

Revenue Growth - Q4 24

  Reported CC
QoQ growth (%) -2.1% -2.2%
YoY growth (%) 0.2% 0.0%

 

Revenues by Business Segments

(in %)

  Quarter ended YoY Growth
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023 Reported CC
Financial services  26.4  27.8  28.9  (8.4)  (8.5)
Retail  14.3  14.6  14.8  (3.0)  (3.7)
Communication  12.3  11.4  11.8  4.7  4.5
Energy, Utilities, Resources & Services  13.4  13.2  12.9  3.9  3.3
Manufacturing  14.7  14.9  13.5  9.0  8.7
Hi-Tech  8.7  7.7  8.0  9.8  9.7
Life Sciences  7.3  7.6  7.2  1.9  1.0
Others  2.9  2.9  2.9  (2.7)  0.5
Total  100.0  100.0  100.0  0.2  0.0

 

Revenues by Client Geography

(in %)

  Quarter ended YoY Growth
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023 Reported CC
North America  59.6  59.0  61.0  (2.1)  (2.2)
Europe  28.6  28.2  27.0  6.5  4.9
Rest of the world  9.6  10.4  9.4  1.6  4.5
India  2.2  2.4  2.6  (16.1)  (15.4)
Total  100.0  100.0  100.0  0.2  0.0

 

Client Data

  Quarter ended
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023
Number of Clients      
Active  1,882  1,872  1,872
Added during the period (gross)  98  88  115
Number of Million dollar clients*      
1 Million dollar +  959  944  922
10 Million dollar +  315  308  298
50 Million dollar +  83  82  75
100 Million dollar +  40  40  40
Client contribution to revenues      
Top 5 clients 13.6% 13.4% 13.0%
Top 10 clients 20.4% 20.0% 20.1%
Top 25 clients 34.3% 33.7% 34.7%
Days Sales Outstanding* 71  72  62

*LTM (Last twelve months) Revenues

 

Effort & Utilization – Consolidated IT Services

(in %)

  Quarter ended
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023
Effort      
 Onsite  24.2  24.4  24.6
 Offshore  75.8  75.6  75.4
Utilization      
 Including trainees  82.0  81.7  76.9
 Excluding trainees  83.5  82.7  80.0

 

Employee Metrics

(Nos.)

  Quarter ended
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023
Total employees  317,240  322,663  343,234
S/W professionals  299,814  304,590  324,816
Sales & Support  17,426  18,073  18,418
Voluntary Attrition % (LTM - IT Services) 12.6% 12.9% 20.9%
% of Women Employees 39.3% 39.3% 39.4%

 

Cash Flow

In US $ million

  Quarter ended
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023
Free cash flow (1)  848  665  713
Consolidated cash and investments (2)  4,676  3,903  3,807

 

In rupee symbol crore

  Quarter ended
  Mar 31, 2024 Dec 31, 2023 Mar 31, 2023
Free cash flow (1)  7,032  5,548  5,844
Consolidated cash and investments (2)  39,005  32,476  31,286

(1)Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS (Non-IFRS measure)

(2)Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in equity and preference shares, unquoted compulsorily convertible debentures and others (Non-IFRS measure)

 

Consolidated statement of Comprehensive Income for three months ended,

(Extracted from IFRS Financial Statement)

In US $ million, except per equity share data

Particulars Mar 31, 2024 Mar 31, 2023 Growth %
YoY
Dec 31, 2023 Growth %
QoQ
Revenues  4,564  4,554 0.2%  4,663 -2.1%
Cost of sales  3,219  3,164 1.7%  3,274 -1.7%
Gross Profit  1,345  1,390 -3.2%  1,389 -3.2%
Operating Expenses:          
 Selling and marketing expenses  209  202 3.5%  204 2.5%
 Administrative expenses  219  231 -5.2%  229 -4.4%
Total Operating Expenses  428  433 -1.2%  433 -1.2%
Operating Profit  917  957 -4.2%  956 -4.1%
Operating Margin %  20.1  21.0 -0.9%  20.5 -0.4%
Other Income, net(1)(2)  315  72 337.5%  79 298.7%
Profit before income taxes  1,232  1,029 19.7%  1,035 19.0%
Income tax expense(2)  273  284 -3.9%  301 -9.3%
Net Profit (before minority interest)  959  745 28.7%  734 30.6%
Net Profit (after minority interest)  958  744 28.7%  733 30.7%
Basic EPS ($)(2)  0.23  0.18 28.8%  0.18 30.6%
Diluted EPS ($)(2)  0.23  0.18 28.8%  0.18 30.5%
Dividend Per Share ($)(3)(4)  0.24  0.21 14.3%  –  –

 

Consolidated statement of Comprehensive Income for year ended,

(Extracted from IFRS Financial Statement)

In US $ million, except per equity share data

Particulars Mar 31, 2024 Mar 31, 2023 Growth %
Revenues  18,562  18,212 1.9%
Cost of sales  12,975  12,709 2.1%
Gross Profit  5,587  5,503 1.5%
Operating Expenses:      
Selling and marketing expenses  842  776 8.5%
Administrative expenses  911  902 1.0%
Total Operating Expenses  1,753  1,678 4.5%
Operating Profit  3,834  3,825 0.2%
Operating Margin %  20.7  21.0 -0.3%
Other Income, net(1)(2)  512  300 70.7%
Profit before income taxes  4,346  4,125 5.4%
Income tax expense(2)  1,177  1,142 3.1%
Net Profit (before minority interest)  3,169  2,983 6.2%
Net Profit (after minority interest)  3,167  2,981 6.2%
Basic EPS ($)(2)  0.77  0.71 7.3%
Diluted EPS ($)(2)  0.76  0.71 7.3%
Dividend Per Share ($)(3)(4)  0.46  0.41 12.2%

(1)Other income is net of Finance Cost

(2)Includes interest income (pre-tax) of $232Mn and reversal of net tax provisions amounting to $5Mn on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.06 for the quarter and year ended March 31, 2024

(3)USD/INR exchange rate of 83.41 considered for Q4’24

(4)Dividend excludes special Dividend of $0.10 per share

 

Consolidated statement of Comprehensive Income for three months ended,

(Extracted from IFRS Financial Statement)

In rupee symbol crore, except per equity share data

Particulars Mar 31, 2024 Mar 31, 2023 Growth %
YoY
Dec 31, 2023 Growth %
QoQ
Revenues  37,923  37,441 1.3%  38,821 -2.3%
Cost of sales  26,748  26,011 2.8%  27,253 -1.9%
Gross Profit  11,175  11,430 -2.2%  11,568 -3.4%
Operating Expenses:          
Selling and marketing expenses  1,735  1,659 4.6%  1,700 2.1%
Administrative expenses  1,819  1,894 -4.0%  1,907 -4.6%
Total Operating Expenses  3,554  3,553 0.0%  3,607 -1.5%
Operating Profit  7,621  7,877 -3.2%  7,961 -4.3%
Operating Margin %  20.1  21.0 -0.9%  20.5 -0.4%
Other Income, net(1)(2)  2,619  589 344.7%  658 298.0%
Profit before income taxes  10,240  8,466 21.0%  8,619 18.8%
Income tax expense(2)  2,265  2,332 -2.9%  2,506 -9.6%
Net Profit (before minority interest)  7,975  6,134 30.0%  6,113 30.4%
Net Profit (after minority interest)  7,969  6,128 30.0%  6,106 30.5%
Basic EPS (rupee symbol)(2)  19.25  14.79 30.2%  14.76 30.5%
Diluted EPS (rupee symbol)(2)  19.22  14.77 30.2%  14.74 30.5%
Dividend Per Share (rupee symbol)(3)  20.00  17.50 14.3%  –  –

 

Consolidated statement of Comprehensive Income for year ended,

(Extracted from IFRS Financial Statement)

In rupee symbol crore, except per equity share data

Particulars Mar 31, 2024 Mar 31, 2023 Growth %
Revenues  153,670  146,767 4.7%
Cost of sales  107,413  102,353 4.9%
Gross Profit  46,257  44,414 4.1%
Operating Expenses:      
Selling and marketing expenses  6,973  6,249 11.6%
Administrative expenses  7,537  7,260 3.8%
Total Operating Expenses  14,510  13,509 7.4%
Operating Profit  31,747  30,905 2.7%
Operating Margin %  20.7  21.1 -0.4%
Other Income, net(1)(2)  4,241  2,417 75.5%
Profit before income taxes  35,988  33,322 8.0%
Income tax expense(2)  9,740  9,214 5.7%
Net Profit (before minority interest)  26,248  24,108 8.9%
Net Profit (after minority interest)  26,233  24,095 8.9%
Basic EPS (rupee symbol)(2)  63.39  57.63 10.0%
Diluted EPS (rupee symbol)(2)  63.29  57.54 10.0%
Dividend Per Share (rupee symbol)(3)  38.00  34.00 11.8%

(1)Other income is net of Finance Cost

(2)Includes interest income (pre-tax) of rupee symbol1,933 crores and reversal of net tax provisions amounting to rupee symbol38 crores on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately rupee symbol4.76 for the quarter and year ended March 31, 2024

(3)Dividend excludes special Dividend of rupee symbol8.00 per share

 

As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the year ended figures reported in this statement.