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 2023	INR	USD
Revenue	1,467.67B	18,262.30M
Gross Profit	388,850M	4,838.48M
Operating income	313,760M	3,904.13M
Income before tax	333,220M	4,146.27M
Net income	240,950M	2,998.15M
EBITDA	356,010M	4,429.85M
Diluted EPS	57.53	0.71
Dividends Per Share	34	0.42
Total Assets	1,258.16B	15,309.34M
Total liabilities	499,780M	6,081.34M
Total equity	754,070M	9,175.55M
Operating cash flow	239,920M	2,985.33M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	826,750M	907,910M	1,004.72B	1,216.41B	1,467.67B
Gross Profit	288,080M	257,850M	301,030M	344,840M	388,850M
Operating income	191,460M	197,590M	250,610M	284,410M	313,760M
Income before tax	210,410M	220,070M	266,280M	301,100M	333,220M
Net income	154,040M	165,940M	193,510M	221,100M	240,950M
EBITDA	211,570M	226,520M	283,280M	319,170M	356,010M
Diluted EPS	35.38	38.90	45.52	52.41	57.53
Dividends Per Share	17.50	17.50	27	31	34
Total Assets	847,380M	927,680M	1,083.86B	1,178.85B	1,258.16B
Total liabilities	196,900M	268,810M	315,470M	420,850M	499,780M
Total equity	649,480M	654,500M	763,510M	753,500M	754,070M
Operating cash flow	163,980M	189,320M	246,420M	257,830M	239,920M

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	11,820.39M	12,804.41M	13,534.31M	16,325.54M	18,262.30M
Gross Profit	4,118.80M	3,636.50M	4,055.09M	4,628.12M	4,838.48M
Operating income	2,737.38M	2,786.64M	3,375.89M	3,817.09M	3,904.13M
Income before tax	3,008.31M	3,103.68M	3,586.98M	4,041.08M	4,146.27M
Net income	2,202.37M	2,340.28M	2,606.72M	2,967.40M	2,998.15M
EBITDA	3,024.90M	3,194.65M	3,815.98M	4,283.60M	4,429.85M
Diluted EPS	0.50	0.54	0.61	0.70	0.71
Dividends Per Share	0.25	0.24	0.36	0.41	0.42
Total Assets	12,232.11M	12,262.58M	14,824.29M	15,557.24M	15,309.34M
Total liabilities	2,842.29M	3,553.27M	4,314.78M	5,553.94M	6,081.34M
Total equity	9,375.38M	8,651.54M	10,442.76M	9,943.91M	9,175.55M
Operating cash flow	2,344.49M	2,670.01M	3,319.45M	3,460.35M	2,985.33M

Valuation Measures

Mar 2023
PER	24.77
ROA	19.77%
ROE	31.96%
Operating margin	21.37%
Profit margin	16.41%

Key executives

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

Shareholders

Life Insurance Corporation of India (Investment Portfolio) (6.2%)
SBI Funds Management Pvt Ltd. (4.0%)
The Vanguard Group, Inc. (2.6%)
ICICI Prudential Asset Management Co. Ltd. (2.4%)
GIC Pte Ltd. (Investment Management) (2.3%)
GOPALAKRISHNAN SUDHA (2.2%)
BlackRock Fund Advisors (1.9%)
UTI Asset Management Co. Ltd. (Investment Management) (1.5%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (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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Infosys Ltd. (Singapore)
Infosys Ltd. (United Arab Emirates)
Infosys Ltd. (United States)
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Last Updated on 7 Jun, 2023