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Commercial Services

Infosys Ltd.

Company Background

Infosys is India's second-largest information technology service company. It develops and maintains software for corporate customers and also provides a wide range of IT-related services, including consulting.

 

The company serves customers in more than 50 countries and has a global workforce of more than 160,000 people. Of its consolidated sales, more than 90% are generated in overseas markets, including the U.S.

 

Infosys symbolizes the Indian IT industry's rapid progress. It was established with $250 capital in 1981 by seven co-founders. It grew in the 1990s, mainly by winning contracts to develop software and systems for overseas clients. India's IT industry attracted attention when they handled contracts related to the Y2K problem, which was expected to lead to computer problems in 2000. Infosys rapidly moved up the ladder to become a global IT business. In 1999, it became the first Indian company to list on the Nasdaq in New York.

 

Co-founders and their families have a combined equity stake of more than 10% in Infosys. Since the company's establishment, four co-founders, including Narayana Murthy, served as CEOs. However, in 2014, Vishal Sikka, a former executive at German software maker SAP, became the company's first CEO from outside the group of co-founders.

 

Business Summary

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

Financial Highlights

Mar 2022 INRUSD
Revenue1,216.41B16,325.54M
Gross Profit344,840M4,628.12M
Operating income284,410M3,817.09M
Income before tax301,100M4,041.08M
Net income221,100M2,967.40M
EBITDA319,170M4,283.60M
Diluted EPS52.410.70
Dividends Per Share310.41
Total Assets1,178.85B15,557.24M
Total liabilities420,850M5,553.94M
Total equity753,500M9,943.91M
Operating cash flow257,830M3,460.35M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 705,220M 826,750M 907,910M 1,004.72B 1,216.41B
Gross Profit 253,920M 288,080M 257,850M 301,030M 344,840M
Operating income 173,750M 191,460M 197,590M 250,610M 284,410M
Income before tax 203,410M 210,410M 220,070M 266,280M 301,100M
Net income 160,290M 154,040M 165,940M 193,510M 221,100M
EBITDA 192,380M 211,570M 226,520M 283,280M 319,170M
Diluted EPS 35.50 35.38 38.90 45.52 52.41
Dividends Per Share 16.75 17.50 17.50 27 31
Total Assets 798,900M 847,380M 927,680M 1,083.86B 1,178.85B
Total liabilities 149,220M 196,900M 268,810M 315,470M 420,850M
Total equity 649,230M 649,480M 654,500M 763,510M 753,500M
Operating cash flow 149,860M 163,980M 189,320M 246,420M 257,830M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 10,939.40M 11,820.39M 12,804.41M 13,534.31M 16,325.54M
Gross Profit 3,938.81M 4,118.80M 3,636.50M 4,055.09M 4,628.12M
Operating income 2,695.21M 2,737.38M 2,786.64M 3,375.89M 3,817.09M
Income before tax 3,155.30M 3,008.31M 3,103.68M 3,586.98M 4,041.08M
Net income 2,486.42M 2,202.37M 2,340.28M 2,606.72M 2,967.40M
EBITDA 2,984.20M 3,024.90M 3,194.65M 3,815.98M 4,283.60M
Diluted EPS 0.55 0.50 0.54 0.61 0.70
Dividends Per Share 0.25 0.25 0.24 0.36 0.41
Total Assets 12,248.99M 12,232.11M 12,262.58M 14,824.29M 15,557.24M
Total liabilities 2,287.88M 2,842.29M 3,553.27M 4,314.78M 5,553.94M
Total equity 9,954.20M 9,375.38M 8,651.54M 10,442.76M 9,943.91M
Operating cash flow 2,324.63M 2,344.49M 2,670.01M 3,319.45M 3,460.35M

Valuation Measures

Mar 2022
PER36.31
ROA19.54%
ROE29.14%
Operating margin23.38%
Profit margin18.17%

Key executives

  • Chief Executive Officer, MD & Executive Director: Salil S. Parekh
  • Co-President: Mohit Joshi
  • Co-President & Deputy Chief Operating Officer: Ravi Kumar Singisetti
  • Chief Financial Officer: Nilanjan Roy
  • Executive VP-Communications, Media & Technology: Anand Swaminathan

Shareholders

  • Life Insurance Corporation of India (Investment Portfolio) (6.2%)
  • SBI Funds Management Pvt Ltd. (3.7%)
  • The Vanguard Group, Inc. (2.5%)
  • GIC Pte Ltd. (Investment Management) (2.2%)
  • GOPALAKRISHNAN SUDHA (2.2%)
  • ICICI Prudential Asset Management Co. Ltd. (2.0%)
  • BlackRock Fund Advisors (1.8%)
  • UTI Asset Management Co. Ltd. (Investment Management) (1.4%)
  • MURTHY ROHAN (1.4%)
  • National Pension System Trust (1.3%)

Contact Details

  • Website:http://infosys.com
  • Address: Electronics City, Hosur Road, Bangalore, 560100, India
  • Phone: +91.80.28520261

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  • Infosys Ltd. (United Arab Emirates)
  • Infosys Ltd. (United States)
  • Infosys Innovation Fund /Venture Capital/
  • Infosys Ltd. (Denmark)
  • Infosys Ltd. (Canada)
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Competitors

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  • CLPS, Inc.
  • Intellect Design Arena Ltd
Last Updated on 28 Sep, 2022

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