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Infosys Investor Relations © Infosys Technologies Limited 2004-2005 Infosys Technologies Limited Financial Year 2004 - 2005 First Quarter Results July 13, 2004 7/18/2015 © Infosys Technologies Limited 2004-2005 2 Slide 2 Safe Harbor Certain statements in this release concerning our future growth prospects are forward-looking statements, 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, 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 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, 2004. These filings are available at 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. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. 7/18/2015 © Infosys Technologies Limited 2004-2005 3 Slide 3 Contents Highlights Operational Performance Financial Performance Guidance 7/18/2015 © Infosys Technologies Limited 2004-2005 4 Slide 4 Highlights At the beginning of the quarter, Uncertainty existed with the debate on Outsourcing Revenue was projected to be between $ 314 million and $ 316 million ; YoY growth between 34.6% and 35.4% Revenue grew to $ 335 million ; YoY growth of 43.8% and sequential growth of 10.7% We have increased guidance for fiscal 2005. Revenue is projected to be between $ 1,476 million and $ 1,485 million; YoY growth of 39% to 40% 7/18/2015 © Infosys Technologies Limited 2004-2005 5 Slide 5 Highlights Our business model enables us to respond quickly to enhanced business opportunities in the market place Continue to see a stable pricing environment Restructuring into Integrated Business Units has created multiple engines of growth with strong leadership Recently introduced a new approach to outsourcing called ‘Modular Global Sourcing’ Continued investment in developing new solutions Ongoing focus on integration of Infosys’ subsidiaries with the overall strategy and operations of the corporation Good improvement in business environment with healthy pipeline 7/18/2015 © Infosys Technologies Limited 2004-2005 6 Slide 6 Operational Performance © Infosys Technologies Limited 2004-2005 Client Concentration New Clients Top client contribution to revenues Million dollar clients* Fifty million + dollar clients* Active Clients Repeat Business FY 2005 Q1 FY 2004 Q4 FY 2004 Q1 29 38 22 5.3% 6.5% 5.7% 141 131 113 3 3 - 419 393 346 98.5% 88.6% 97.8% % Revenues* 40 35 30 25 20 15 10 5 0 37.1 34.3 21.6 23.3 36.7 23.7 Q1 FY 2005 Q4 FY 2004 Q1 FY 2003 Top 5 Top 10 *LTM – Last Twelve Months 7/18/2015 © Infosys Technologies Limited 2004-2005 8 Slide 8 Vertical Domains Q1 2004-05 5.1% 15.0% 6.1% 9.6% 7.6% 2.9% 11.4% Q4 2003-04 5.7% 24.4% Q1 2003-04 14.4% 5.6% 5.1% 17.9% 10.2% 7.3% 15.6% 5.1% 7.1% 13.9% 2.2% 3.5% 11.2% 11.6% 23.0% 20.4% 7/18/2015 © Infosys Technologies Limited 2004-2005 Manufacturing Insurance Banking & Financial Services Telecom Retail Energy & Utilities Transportation & Logistics Others Services 23.5% 14.6% 9 Slide 9 Revenue by Service Offering Q1 2004-05 2.4% 9.2% 26.1% 2.1% 1.9% 5.3% 3.4% Q4 2003-04 Q1 2003-04 2.2% 7.8% 3.6% 25.6% 1.9% 15.0% 2.0% 28.8% 5.8% 8.9% 27.8% 13.5% 26.9% 1.2% 2.6% 4.7% 3.4% 4.4% 4.4% 16.5% 29.9% 6.0% 7/18/2015 © Infosys Technologies Limited 2004-2005 Development Maintenance Re-engineering Package Implementation Consulting Testing Engineering Services Other Services Business Process Management Product 6.7% 10 Slide 10 Geographical Footprint Q1 2004-05 1.6% 11.0% 22.2% 65.2% Q4 2003-04 Q1 2003-04 1.2% 5.8% 2.1% 13.0% 17.4% 20.3% 65.5% 74.7% 7/18/2015 © Infosys Technologies Limited 2004-2005 North America Europe Rest of the World India 11 Slide 11 Revenue by Project type Q1 FY 2005 70.3% 29.7% Q4 FY 2004 Q1 FY 2004 69.4% 30.6% 7/18/2015 © Infosys Technologies Limited 2004-2005 64.1% 35.9% Time & Material Fixed Price 12 Slide 12 Effort and Utilization Quarter ended Jun 30, 2004 Mar 31, 2004 Jun 30, 2003 Effort – Services Onsite 29.4% 30.5% 32.1% Offshore 70.6% 69.5% 67.9% Onsite 51.9% 53.0% 53.9% Offshore 48.1% 47.0% 46.1% Including trainees 73.4% 70.2% 76.6% Excluding trainees 79.7% 79.3% 83.7% Revenue – Services Utilization *Excluding software products and business management revenue 7/18/2015 © Infosys Technologies Limited 2004-2005 13 Slide 13 Employee Metrics Quarter ended Jun 30, 2004 Mar 31, 2004 Jun 30, 2003 Total Employees 27,939 25,634 17,977 S/w professionals 26,028 23,860 16,434 Billable 23,761 21,189 14,009 685 604 516 Trainees 1,582 2,067 1,909 Sales & Support 1,911 1,774 1,534 Gross Addition 3,233 2,849 2,592 Net Addition 2,305 2,425 2,101 746 774 330 10.90 10.45 7.90 Banking Product Group Lateral Employees Attrition % (LTM)* *Excluding subsidiaries 7/18/2015 © Infosys Technologies Limited 2004-2005 14 Slide 14 Financial Performance © Infosys Technologies Limited 2004-2005 The Quarter at a Glance (US GAAP-YoY) 145 335 83 233 100 58 0.31 0.22 Q1 04 Q1 05 Revenue (USD mn) 7/18/2015 © Infosys Technologies Limited 2004-2005 Q1 04 Q1 05 Gross Profit (USD mn) Q1 04 Q1 05 Net Income (USD mn) Q1 04 Q1 05 Basic EPS (USD) 16 Slide 16 The Quarter at a Glance (US GAAP-QoQ) 145 335 130 303 83 77 0.31 0.29 Q4 04 Q1 05 Revenue (USD mn) 7/18/2015 © Infosys Technologies Limited 2004-2005 Q4 04 Q1 05 Gross Profit (USD mn) Q4 04 Q1 05 Net Income (USD mn) Q4 04 Q1 05 Basic EPS (USD) 17 Slide 17 Financials (US GAAP) In US million Quarter Ended Income statement - US GAAP Revenues 30-Jun-04 30-Jun-03 % Change over 31-Mar-04 Q1 04 Q404 335 233 303 43.8% 10.6% 190 133 173 42.9% 9.8% 145 100 130 45.0% 11.5% S&M expenses 23 17 21 35.3% 9.5% G&A expenses 26 18 23 44.4% 13.0% - 1 0 49 36 44 36.1% 11.4% 96 64 86 50.0% 11.6% 5 3 Cost of revenues Gross profit Operating Expenses: Amortization of intangible assets Total operating expenses Operating income Other income, net - - - Income before income taxes 96 69 89 39.1% 7.8% Provision for income taxes 13 11 12 18.2% 8.3% Net income 83 58 77 43.1% 7.8% 7/18/2015 © Infosys Technologies Limited 2004-2005 18 Slide 18 Guidance © Infosys Technologies Limited 2004-2005 US GAAP Quarter ending Sept 30, 2004 Consolidated net revenues projected to be in the range of $ 357 million to $ 360 million; YoY growth of 42% to 43% Consolidated earnings per American Depositary Share expected to be $ 0.33; YoY growth of 32% Fiscal year ending March 31, 2005 Consolidated net revenues projected to be in the range of $ 1,476 million to $ 1,485 million; YoY growth of 39% to 40% Consolidated earnings per American Depositary Share expected to be $ 1.37; YoY growth of 33% 7/18/2015 © Infosys Technologies Limited 2004-2005 20 Slide 20 Thank You