Infosys Ltd.

In the news

India's IT services groups brace for global spending freeze Apr 17, 2020
Accenture earnings raise hopes for Indian software exporters Mar 20, 2020
Infosys acquires US software provider in digital business push Feb 11, 2020
Infosys could face fresh regulatory probe after whistleblower complaints Jan 24, 2020
Tata Consultancy profit misses estimates as banks curb technology spending Jan 17, 2020

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 2020	INR	USD
Revenue	907,910M	12,804.41M
Gross Profit	257,850M	3,636.50M
Operating income	197,590M	2,786.64M
Income before tax	220,070M	3,103.68M
Net income	165,940M	2,340.28M
EBITDA	226,520M	3,194.65M
Diluted EPS	38.90	0.54
Dividends Per Share	17.50	0.24
Total Assets	927,680M	12,262.58M
Total liabilities	268,810M	3,553.27M
Total equity	654,500M	8,651.54M
Operating cash flow	189,320M	2,670.01M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	624,410M	684,840M	705,220M	826,750M	907,910M
Gross Profit	237,960M	257,520M	253,920M	288,080M	257,850M
Operating income	157,900M	172,710M	173,750M	191,460M	197,590M
Income before tax	187,430M	199,810M	203,410M	210,410M	220,070M
Net income	134,890M	143,530M	160,290M	154,040M	165,940M
EBITDA	172,490M	189,740M	192,380M	211,570M	226,520M
Diluted EPS	29.50	31.39	35.50	35.38	38.90
Dividends Per Share	12.12	12.87	16.75	17.50	17.50
Total Assets	753,500M	833,550M	798,900M	847,380M	927,680M
Total liabilities	135,600M	143,320M	149,220M	196,900M	268,810M
Total equity	617,440M	689,820M	649,230M	649,480M	654,500M
Operating cash flow	124,110M	142,840M	149,860M	163,980M	189,320M

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	9,537.22M	10,212.79M	10,939.40M	11,820.39M	12,804.41M
Gross Profit	3,634.59M	3,840.31M	3,938.81M	4,118.80M	3,636.50M
Operating income	2,411.76M	2,575.56M	2,695.21M	2,737.38M	2,786.64M
Income before tax	2,862.80M	2,979.70M	3,155.30M	3,008.31M	3,103.68M
Net income	2,060.30M	2,140.41M	2,486.42M	2,202.37M	2,340.28M
EBITDA	2,634.60M	2,829.53M	2,984.20M	3,024.90M	3,194.65M
Diluted EPS	0.45	0.46	0.55	0.50	0.54
Dividends Per Share	0.18	0.19	0.25	0.25	0.24
Total Assets	11,378.30M	12,836.68M	12,248.99M	12,232.11M	12,262.58M
Total liabilities	2,047.64M	2,207.13M	2,287.88M	2,842.29M	3,553.27M
Total equity	9,323.71M	10,623.23M	9,954.20M	9,375.38M	8,651.54M
Operating cash flow	1,895.65M	2,130.12M	2,324.63M	2,344.49M	2,670.01M

Valuation Measures

Mar 2020
PER	16.42
ROA	18.69%
ROE	25.45%
Operating margin	21.76%
Profit margin	18.27%

Key executives

Chief Executive Officer, MD & Executive Director: Salil S. Parekh
Co-President: Mohit Joshi
Co-President & Deputy Chief Operating Officer: Ravi Kumar S.
Chief Operating Officer & Executive Director: U. B. Pravin Rao
Chief Financial Officer: Nilanjan Roy

Shareholders

Life Insurance Corp of India (7.1%)
The Vanguard Group, Inc. (2.8%)
SBI Funds Management Pvt Ltd. (2.7%)
GOPALAKRISHNAN SUDHA (2.2%)
ICICI Prudential Asset Management Co. Ltd. (1.9%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.9%)
BlackRock Fund Advisors (1.8%)
GIC Pte Ltd. (Investment Management) (1.6%)
ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (1.4%)
MURTHY ROHAN (1.4%)

Contact Details

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

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Last Updated on 3 Aug, 2020