Infosys Limited and subsidiaries Audited Condensed Consolidated Statement of Comprehensive Income for the (Dollars in millions except equity share and per equity share data) Three months Three months Six months Six months ended ended ended ended September 30, September 30, September 30, September 30, 2019 2018 2019 2018 --- Revenues 3,210 2,921 6,340 5,753 --- Cost of sales 2,140 1,884 4,261 3,703 --- Gross profit 1,070 1,037 2,079 2,050 --- Operating expenses --- Selling and marketing expenses 165 154 333 303 --- Administrative expenses 209 191 408 384 --- Total operating expenses 374 345 741 687 --- Operating profit 696 692 1,338 1,363 --- Other income, net 89 105 195 212 --- Finance cost(B3) (6) (12) - --- Reduction in the fair value of Disposal Group held for - (39) sale(A1) --- --- Profit before income taxes 779 797 1,521 1,536 --- Income tax expense 207 216 403 420 --- Net profit 572 581 1,118 1,116 --- Other comprehensive income --- Items that will not be reclassified subsequently to profit or loss: --- Re-measurements of the net defined benefit (3) 1 (6) 1 liability/asset, net --- Equity instrument through other comprehensive 1 2 1 2 income, net --- (2) 3 (5) 3 Items that will be reclassified subsequently to profit or loss: --- Fair valuation of investments, net - (2) 2 (9) --- --- Fair value changes on derivatives designated as 2 (4) (1) (3) cash flow hedge, net --- Foreign currency translation (224) (461) (207) (929) --- (222) (467) (206) (941) Total other comprehensive income/(loss), net of (224) (464) (211) (938) tax --- Total comprehensive income 348 117 907 178 --- Profit attributable to: --- Owners of the Company 569 581 1,115 1,116 --- Non-controlling interests 3 3 - --- 572 581 1,118 1,116 Total comprehensive income attributable to: --- Owners of the Company 346 117 905 178 --- Non-controlling interests 2 2 - --- 348 117 907 178 Earnings per equity share --- Basic ($) 0.13 0.13 0.26 0.26 --- Diluted ($) 0.13 0.13 0.26 0.26 --- Weighted average equity shares used in computing earnings per equity share --- Basic 4,249,343,678 4,347,055,177 4,275,615,916 4,346,857,296 --- Diluted 4,255,822,953 4,352,208,472 4,282,322,537 4,351,915,210 ---
NOTES:
A. Notes pertaining to previous quarters / periods
1. In the six months ended September 30, 2018, the Company had recorded a reduction in the fair value amounting to $39 million in respect of its subsidiary Panaya.
B. Notes pertaining to the current quarter
1. The audited interim condensed consolidated Balance sheet and Statement of Comprehensive Income for the three months and half year ended September 30, 2019 have been taken on record at the Board meeting held on October 11, 2019.
2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com [http://www.infosys.com/].
3. On account of adoption of IFRS 16- Leases effective April 1, 2019.
IFRS--INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-... [https://www.infosys.com/investors/reports-filings/quarterly-...]
Fact Sheet: https://www.infosys.com/investors/reports-filings/quarterly-... [https://www.infosys.com/investors/reports-filings/quarterly-...]
Logo: https://mma.prnewswire.com/media/633365/... [https://mma.prnewswire.com/media/633365/...]
CONTACT: Contact - Investor Relations, Sandeep Mahindroo,+91-80-3980-1018, Sandeep_Mahindroo@infosys.com; Media Relations, MehakChawla, +91-80-4156-3998, Mehak.Chawla@infosys.com, Chiku Somaiya,+1-71367-06752, Chiku.Somaiya@infosys.com
Web site: http://www.infosys.com/
