- The Indo-American Chamber of Commerce recognized Infosys for Excellence in
Innovation and Excellence in Environment, Health & Safety
- Infosys Public Services [http://www.infosyspublicservices.com ] won the
'Hottest Government Contractor' honor on June 24, 2014 at the 13th annual Northern
Virginia Technology Council (NVTC) [http://www.nvtc.org ] 'Hot Ticket Awards' for
developing innovative solutions to help the government
- Infosys Public Services was ranked 16th in the 2014 Healthcare Informatics 100
[http://www.healthcare-informatics.com/hci100/2014-hci-100-li... ], and in the top 20
for three years in a row, based on revenues from healthcare IT products and services
- Infosys was recognized as a winner in the 2014 Simulating Reality
[http://www.infosys.com/Links/redirectlin... ] contest
organized by MSC Software. The winning team from Infosys used MSC's simulation
technologies to better diagnose osteoporosis and accurately quantify fracture risk
- Infosys was named a major player for providing professional services to the
Oil and Gas Industry by IDC Energy Insights
- During the quarter, Infosys Finacle(TM) won five international banking
excellence awards in partnership with its clients at the annual Asian Banker Awards
2014. These included two awards each for core banking and channel solutions
implementation, and one award for its treasury management implementation
- Infosys BPO won the 2014 Golden Peacock National Training Award. It was also
declared a winner at the National Institution for Quality and Reliability Awards in
India
- Infosys BPO and Procter & Gamble jointly won the 2014 Outsourcing Excellence
Award
- Infosys bagged four awards at the KCG Analyst Choice Awards
About Infosys Ltd
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit http://www.infosys.com [http://www.infosys.com/Pages/index.aspx ] to see how Infosys , with US$ 8.25 billion in annual revenues and 160,000+ employees, is Building Tomorrow's Enterprise(R) today.
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and on Form 6-K for the quarter ended December 31, 2013. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)
June 30, 2014 March 31, 2014
ASSETS
Current assets
Cash and cash equivalents 4,164 4,331
Available-for-sale financial assets 467 367
Investment in certificates of deposit 97 143
Trade receivables 1,524 1,394
Unbilled revenue 493 469
Derivative financial instruments 16 36
Prepayments and other current assets 483 440
Total current assets 7,244 7,180
Non-current assets
Property, plant and equipment 1,354 1,316
Goodwill 359 360
Intangible assets 54 57
Available-for-sale financial assets 216 208
Deferred income tax assets 109 110
Income tax assets 252 254
Other non-current assets 37 37
Total non-current assets 2,381 2,342
Total assets 9,625 9,522
LIABILITIES AND EQUITY
Current liabilities
Trade payables 17 29
Current income tax liabilities 441 365
Client deposits 7 6
Unearned revenue 143 110
Employee benefit obligations 175 159
Provisions 62 63
Other current liabilities 811 792
Total current liabilities 1,656 1,524
Non-current liabilities
Deferred income tax liabilities 10 11
Other non-current liabilities 59 54
Total liabilities 1,725 1,589
Equity
Share capital- `5 ($0.16) par value 600,000,000
equity shares authorized, issued and outstanding
571,402,566 each, net of 2,833,600 treasury shares
each as of June 30, 2014 and March 31, 2014,
respectively 64 64
Share premium 704 704
Retained earnings 8,895 8,892
Other components of equity (1,763) (1,727)
Total equity attributable to equity holders of the
company 7,900 7,933
Non-controlling interests - -
Total equity 7,900 7,933
Total liabilities and equity 9,625 9,522
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
(CONTINUA)
