Infosys Ltd.

In the news

Indian IT companies step up fight against cyberattacks Dec 14, 2020
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

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	INR	USD
Revenue	1,216.41B	16,325.54M
Gross Profit	344,840M	4,628.12M
Operating income	284,410M	3,817.09M
Income before tax	301,100M	4,041.08M
Net income	221,100M	2,967.40M
EBITDA	319,170M	4,283.60M
Diluted EPS	52.41	0.70
Dividends Per Share	31	0.41
Total Assets	1,178.85B	15,557.24M
Total liabilities	420,850M	5,553.94M
Total equity	753,500M	9,943.91M
Operating cash flow	257,830M	3,460.35M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	36.31
ROA	19.54%
ROE	29.14%
Operating margin	23.38%
Profit margin	18.17%

Key executives

Chief Executive Officer, MD & Executive Director: Salil S. Parekh
President: Mohit Joshi
Chief Financial Officer: Nilanjan Roy
Executive VP-Communications, Media & Technology: Anand Swaminathan
Chief Compliance Officer & Group General Counsel: Inderpreet Sawhney

Shareholders

Life Insurance Corporation of India (Investment Portfolio) (6.2%)
SBI Funds Management Pvt Ltd. (3.8%)
The Vanguard Group, Inc. (2.5%)
GIC Pte Ltd. (Investment Management) (2.2%)
GOPALAKRISHNAN SUDHA (2.2%)
ICICI Prudential Asset Management Co. Ltd. (2.2%)
BlackRock Fund Advisors (1.8%)
UTI Asset Management Co. Ltd. (Investment Management) (1.5%)
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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Last Updated on 1 Dec, 2022