| REVENUE BY GEOGRAPHICAL SEGMENT | |||||
| Quarter ended | Year ended Mar 31, 2008 | Year ended Mar 31, 2007 | |||
| Mar 31, 2008 | Dec 31, 2007 | Mar 31, 2007 | |||
| % | % | % | % | % | |
| North America | 60.7 | 62.3 | 62.6 | 62.0 | 63.3 |
| Europe | 29.3 | 28.6 | 26.6 | 28.1 | 26.4 |
| India | 1.3 | 1.2 | 1.5 | 1.3 | 1.6 |
| Rest of the world | 8.7 | 7.9 | 9.3 | 8.6 | 8.7 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| PERFORMANCE AS AGAINST GUIDANCE | |||
| For Quarter ending March 2008 | Guidance | Actuals | |
Indian GAAP |
Revenue (Rs. Crore) |
4,477 – 4,501 |
4,542 |
EPS (Rs.)* |
21.38 |
21.47 |
|
US GAAP |
Revenue (US $ Million) |
1,136 – 1,142 |
1,142 |
Basic EPADS (US $)* |
0.54 |
0.54 |
|
* Excluding Tax reversal of Rs.20 Crore (US $ 5 million)
| REVENUE BY SERVICE OFFERING | |||||
| Quarter ended | Year Ended | ||||
| Mar 31, 2008 | Dec 31, 2007 | Mar 31, 2007 | Mar 31, 2008 | Mar 31, 2007 | |
| % | % | % | % | % | |
| Services | |||||
Application Development & Maintenance |
45.2 | 46.3 | 46.3 | 45.4 | 48 |
Application Development |
21.8 | 21.5 | 22.7 | 21.7 | 23.1 |
Application Maintenance |
23.4 | 24.8 | 23.6 | 23.7 | 24.9 |
Business Process Management |
6.0 | 5.9 | 5.2 | 5.7 | 4.7 |
Consulting Services and Package Implementation |
24.1 | 24.0 | 22.7 | 23.8 | 21.1 |
Infrastructure Management |
4.6 | 4.5 | 4.8 | 4.9 | 4.4 |
Product Engineering Services |
1.8 | 1.7 | 1.6 | 1.6 | 1.6 |
System Integration |
3.0 | 2.7 | 2.2 | 2.8 | 2.3 |
Testing Services |
7.2 | 7.4 | 7.3 | 7.5 | 6.9 |
Others |
4.4 | 3.8 | 6.1 | 4.7 | 7.1 |
Total Services |
96.3 | 96.3 | 96.2 | 96.4 | 96.1 |
Products |
3.7 | 3.7 | 3.8 | 3.6 | 3.9 |
Total Revenues |
100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| REVENUE BY PROJECT TYPE * | |||||
| Quarter Ended | Year Ended | ||||
| Mar 31, 2008 | Dec 31, 2007 | Mar 31, 2007 | Mar 31, 2008 | Mar 31, 2007 | |
|
% | % | % | % | % |
Fixed Price |
33.2 | 32.8 | 25.9 | 31.0 | 26.7 |
Time & Materials |
66.8 | 67.2 | 74.1 | 69.0 | 73.3 |
Total |
100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
* Excluding products
| REVENUE BY INDUSTRY | |||||
| Quarter Ended | Year Ended | ||||
| Mar 31, 2008 | Dec 31, 2007 | Mar 31, 2007 | Mar 31, 2008 | Mar 31, 2007 | |
| % | % | % | % | % | |
Insurance, banking & financial services |
33.9 | 36.8 | 37.0 | 35.7 | 37.4 |
Insurance |
7.0 | 7.3 | 7.4 | 7.2 | 7.2 |
Banking & financial services |
26.9 | 29.5 | 29.6 | 28.5 | 30.2 |
Manufacturing |
16.4 | 14.6 | 12.9 | 14.7 | 13.5 |
Retail |
11.9 | 12.0 | 10.8 | 11.8 | 10.0 |
Telecom |
22.5 | 21.1 | 21.9 | 21.6 | 19.3 |
Energy & Utilities |
5.2 | 5.2 | 4.8 | 5.2 | 5.3 |
Transportation & logistics |
2.8 | 2.4 | 1.8 | 2.5 | 2.4 |
Services |
5.5 | 6.0 | 7.9 | 6.6 | 8.1 |
Others |
1.8 | 1.9 | 2.9 | 1.9 | 4.0 |
Total |
100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| CLIENT DATA | |||||
| Quarter Ended | Year Ended | ||||
|
Mar 31, 2008 | Dec 31, 2007 | Mar 31, 2007 | Mar 31, 2008 | Mar 31, 2007 |
Number of Clients |
|
||||
Active |
538 |
530 |
500 |
538 |
500 |
Added during the quarter |
40 |
47 |
34 |
170 |
160 |
Accounting for > 5% of revenue |
1 |
1 |
1 |
1 |
1 |
Number of million dollar clients* |
|
||||
1 Million dollar + |
310 |
305 |
275 |
310 |
275 |
5 Million dollar + |
141 |
128 |
107 |
141 |
107 |
10 Million dollar + |
89 |
81 |
71 |
89 |
71 |
20 Million dollar + |
47 |
45 |
36 |
47 |
36 |
30 Million dollar + |
32 |
30 |
25 |
32 |
25 |
40 Million dollar + |
22 |
22 |
16 |
22 |
16 |
50 Million dollar + |
18 |
17 |
12 |
18 |
12 |
60 Million dollar + |
13 |
12 |
11 |
13 |
11 |
70 Million dollar + |
12 |
12 |
9 |
12 |
9 |
80 Million dollar + |
10 |
9 |
4 |
10 |
4 |
90 Million dollar + |
6 |
6 |
4 |
6 |
4 |
100 Million dollar + |
6 |
4 |
3 |
6 |
3 |
200 Million dollar + |
1 |
1 |
1 |
1 |
1 |
300 Million dollar + |
1 |
1 |
- |
1 |
- |
Client contribution to revenue |
|
||||
Top client |
10.3% |
9.5% |
8.5% |
9.1% |
7.0% |
Top 5 clients |
22.0% |
21.6% |
21.3% |
20.9% |
19.4% |
Top 10 clients |
32.0% |
32.5% |
33.4% |
31.4% |
31.4% |
Repeat business |
95.0% |
96.3% |
93.3% |
97.0% |
95.3% |
Account receivables – LTM (in days) |
72 |
60 |
64 |
72 |
64 |
"LTM" - Last Twelve Months
| Effort & Utilization | |||||
|
Quarter Ended |
Year Ended |
|||
|
Mar 31, 2008 |
Dec 31, 2007 |
Mar 31, 2007 |
Mar 31, 2008 |
Mar 31, 2007 |
|
% |
% |
% |
% |
% |
Effort |
|
||||
Onsite |
24.5 |
25.2 |
26.5 |
25.4 |
26.9 |
Offshore |
75.5 |
74.8 |
73.5 |
74.6 |
73.1 |
Revenue |
|
||||
Onsite |
47.5 |
47.8 |
49.8 |
48.4 |
49.9 |
Offshore |
52.5 |
52.2 |
50.2 |
51.6 |
50.1 |
Utilization |
|
||||
Including trainees |
69.8 |
69.4 |
67.9 |
70.0 |
68.4 |
Excluding trainees |
75.4 |
76.3 |
73.0 |
75.9 |
75.5 |
| EMPLOYEE METRICS | |||||
|
Quarter Ended |
Year Ended |
|||
|
Mar 31, 2008 |
Dec 31, 2007 |
Mar 31, 2007 |
Mar 31, 2008 |
Mar 31, 2007 |
Total Employees |
91,187 |
88,601 |
72,241 |
91,187 |
72,241 |
Software professionals |
85,013 |
83,011 |
68,156 |
85,013 |
68,156 |
Billable |
79,494 |
75,345 |
61,917 |
79,494 |
61,917 |
Banking Product Group |
2,053 |
2,053 |
2,053 |
2,053 |
2,053 |
Trainees |
3,466 |
5,613 |
4,186 |
3,466 |
4,186 |
Sales & Support |
6,174 |
5,590 |
4,085 |
6,174 |
4,085 |
Gross Addition |
5,947 |
11,683 |
5,992 |
33,177 |
30,946 |
Net Addition |
2,586 |
8,100 |
2,809 |
18,946 |
19,526 |
Lateral Employees |
2,340 |
2,570 |
1,647 |
8,523 |
8,023 |
Attrition % (LTM)* |
13.4% |
13.7% |
13.7% |
13.4% |
13.7% |
"LTM" - Last Twelve Months
| # | Manpower Data |
2002-03 |
2003-04 |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
| 1 | % of Women employees |
19% |
22% |
23% |
26% |
30% |
31% |
| 2 | Average age of an Infoscion (years) |
27 |
26 |
26 |
26 |
26 |
26 |
| 3 | Ratio of Freshers hired /Laterals hired |
70 / 30 |
65 / 35 |
55 / 45 |
75 / 25 |
70/30 |
70/30 |
| INFRASTRUCTURE (as on March 31, 2008) * | |||||
| Completed | Work in Progress |
Land acquired during the Qtr (acres) | |||
Built-Up Area (Sq Ft) |
No. of Seats |
Built-Up Area (Sq Ft) |
No. of Seats |
||
Bangalore |
36,60,923 |
23,414 |
3,32,647 |
1,636 |
- |
Bhubaneshwar |
8,79,721 |
3,957 |
- |
- |
- |
Chandigarh |
10,16,158 |
6,116 |
1,62,344 |
- |
- |
Chennai |
12,30,406 |
8,966 |
12,73,500 |
5,000 |
- |
Gurgaon |
21,000 |
195 |
75,000 |
1000 |
|
Hyderabad |
18,22,523 |
9,430 |
- |
- |
- |
Jaipur |
78,000 |
890 |
3,40,016 |
3200 |
- |
Mangalore |
4,81,923 |
3,275 |
2,05,000 |
1,600 |
- |
Mauritius |
28,000 |
400 |
- |
- |
- |
Mysore (including ILI)* |
45,06,083 |
5,434 |
41,57,581 |
3,350 |
- |
Pune |
26,28,232 |
14,128 |
16,56,504 |
9,555 |
- |
Thiruvananthapuram |
1,24,442 |
1,549 |
1,60,000 |
1,540 |
- |
Total |
1,64,77,411 |
77,754 |
83,62,592 |
26,881 |
- |
Infosys Leadership Institute
| Location | Year of establishment |
| India | |
| Bangalore | 1994 |
| Chennai | 1997 |
| Mangalore | 1999 |
| Mysore | 2000 |
| Bhubaneswar | 1997 |
| Pune | 1995 |
| Hyderabad | 2000 |
| Mohali | 2000 |
| Trivandrum | 2004 |
| Mumbai | 1992 |
| Delhi | 1995 |
| USA | |
| Fremont , CA | 1999 |
| Boston | 2000 |
| Chicago | 2000 |
| Berkeley Heights , NJ | 2000 |
| Charlotte | 2002 |
| Plano , TX | 2000 |
| Atlanta | 2000 |
| Phoenix , AZ | 2000 |
| Southfield , MI | 2000 |
| Los Angeles | 2000 |
| Reston | 2003 |
| Seattle | 2001 |
| China | |
| Beijing | 2003 |
| Shanghai | 2004 |
| Canada | |
| Toronto | 2000 |
| Belgium | 1999 |
| France | 1999 |
| Germany | |
| Frankfurt | 1999 |
| Stuttgart | 2003 |
| Waldorf | 2004 |
| Italy | |
| Milano | 2003 |
| Sweden | |
| Stockholm | 2000 |
| Switzerland | |
| Zurich | 2002 |
| Netherlands | |
| Utrecht | 2001 |
| UK | |
| Croydon | 2000 |
| London | 2003 |
| Japan | |
| Tokyo | 2001 |
| Australia | |
| Melbourne | 2004 |
| Sydney | 2000 |
| Others | |
| Mauritius | 2003 |
| UAE | 2000 |
| Hong Kong | 2000 |
| Australia |
Japan |
| Belgium | Mauritius |
| Canada | Mexico |
| People's Republic of China | Norway |
| Czech Republic | Spain |
| Denmark | Sweden |
| Finland | Switzerland |
| France | Netherlands |
| Germany | UAE |
| Italy | UK |
| India | USA |
| Ireland |
| SUBSIDIARIES PERFORMANCE ( US $ Mn) | |||||
|
Quarter ended March 31, 2008 |
Year ended March 31, 2008 |
|||
For Quarter ending March 2008 |
Revenue |
Net Income |
Revenue |
Net Income |
|
Infosys BPO Limited - Consolidated |
69 |
9 |
235 |
35 |
|
Infosys Technologies |
37 |
8 |
139 |
25 |
|
Infosys Consulting, Inc. |
16 |
- |
62 |
(13) |
|
Infosys Technologies |
5 |
- |
19 |
(2) |
|
Infosys Technologies, |
0.5 |
(1) |
1 |
(2) |
|
In our journey of over 25 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires.
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| For further information, please contact: | |
| North America Peter McLaughlin Los Angeles, CA, USA Phone: 213 268-9363 Peter McLaughlin |
Daylan Burlison New York, NY, USA Phone: 646 254 3141 Daylan Burlison |
| Asia Pacific/ EMEA Bani Paintal Dhawan Bangalore, India Phone: 080 2852 2408 Bani Paintal Dhawan |
Australia Shyam V. Deshpande Infosys Technologies Australia Level 5, 818 Bourke Street Docklands VIC. 3008 PO Box 528, Collins Street West Melbourne VIC. 8007, Australia Phone: +61-3-9860-2547 Mobile: +61-439341484 Shyam V. Deshpande |
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