© Infosys Technologies Limited 2006-07

Operational Highlights 2006-2007

S. D. Shibulal

Director and Group head – World-wide Customer Delivery and Sales

Safe harbor

Certain statements made here concerning Infosys’ 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, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, 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, 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, 2007 and the Quarterly Reports on Form 6-K for the fiscal quarters ended June 30, 2006, September 30, 2006 and December 31,2006. 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 statements that may be made from time to time by or on behalf of the company.

© Infosys Technologies Limited 2006-07

Operational highlights

Geographical Footprint Expand addressable markets Vertical Footprint Client Relationships Build relationships and trust Trusted Brand Services Footprint Operational Excellence Develop competencies and capabilities Expanding The Global Delivery Model Best-in-class People World-class Infrastructure © Infosys Technologies Limited 2006-07

Geographical footprint

Geographies North America Europe India FY 2005 65.2% 22.3% 1.9% FY 2006 64.8% 24.5% 1.7% FY 2007 63.3% 26.4% 1.6% Rest of the World Total 10.6% 100.0% 9.0% 100.0% 8.7% 100.0% » » » Geographical diversification » European business continued to increase its share - 26.4% of Infosys » » revenues During the year China serviced 50 clients with 669 employees Australian operations serviced 59 clients with 306 employees Operating through 43 marketing offices in 22 countries and 44 Global Development Centers of which 20 are outside India Finacle ® , the universal banking solution, further expanded its global footprint, currently powering 91 banks across 54 countries – Positioned in the Leader Quadrant for International Retail Core Banking Solutions released by Gartner.

© Infosys Technologies Limited 2006-07

Vertical footprint

Industries Manufacturing Insurance, Banking & Financial Services Banking & Financial Services Insurance Telecom Retail Energy & Utilities Transportation & Logistics FY 2005 14.4% 34.6% 25.2% 9.4% 18.5% 9.8% 3.2% 7.6% FY 2006 13.9% 36.0% 28.5% 7.5% 16.5% 10.1% 4.7% 5.1% FY 2007 13.5% 37.4% 30.2% 7.2% 19.3% 10.0% 5.3% 2.4% Others 11.9% 13.7% 12.1% Total » » » » 100.0% 100.0% 100.0% Robust all round growth in verticals - Banking & Financial Services, Telecom and Energy & Utilities verticals registering strong growth Performance in Financial Services won widespread appreciation serving the insurance industry – ranked 18th on the prestigious FinTech 100 list and 8th among FinTech top 10 companies Rated #1 by the Waters Readers Survey Domain Competency Group (DCG) accelerated domain enablement of employees. Over last fiscal, the number of domain certifications granted grew by 100% - 8986 certifications granted by external / internal agencies © Infosys Technologies Limited 2006-07

Services footprint

Service offerings Development Maintenance Package Implementation Independent Validation Re-engineering Consulting Business Process Management Engineering Services Other services Products Total FY 2005 23.2% 29.9% 15.2% 5.8% 6.2% 3.6% 2.7% 2.0% 8.4% 3.0% 100.0% FY 2006 20.2% 30.2% 16.2% 5.9% 4.7% 3.5% 4.0% 1.8% 9.7% 3.8% 100.0% » Investments in enriching and synergising our portfolio of services showing results » Strong growth in package implementation - Services such as infrastructure management, business process management and independent validation also grew steadily » Infosys BPO also registered strong revenue growth of 74.7% FY 2007 21.0% 29.3% 17.5% 6.9% 2.1% 3.6% 4.7% 1.6% 9.4% 3.9% 100.0% © Infosys Technologies Limited 2006-07

Client relationships

FY 2005 FY 2006 FY 2007 Clients Clients added during the year No. of 1 million dollar+ clients No. of 5 million dollar+ clients No. of 10 million dollar+ clients No. of 20 million dollar+ clients No. of 30 million dollar+ clients No. of 40 million dollar+ clients 438 136 166 71 42 19 11 8 460 144 221 81 54 26 19 14 No. of 50 million dollar+ clients 5 9 12 No. of 70 million dollar+ clients No. of 90 million dollar+ clients 1 – 4 1 9 4 No. of 100 million dollar+ clients No. of 200 million dollar+ clients » – – – – Top 10 clients represent 31.4% of revenues, providing high predictability to our business model with 95.3% repeat business » 12 clients over $50m 3 1 In the last twelve months, one client contributing over $200m, 3 clients over $100m and 500 160 275 107 71 36 25 16 © Infosys Technologies Limited 2006-07

Trusted brand

» » » » Launched the ‘Win in the Flat World’ marketing campaign Cited by BusinessWeek as one of the companies turning the technology services industry on its head - named us as one of the 10 global companies to watch » » Ranked as the 10th Most Innovative Companies in the Asia Pacific Region and 32nd in the world, in a survey by BusinessWeek – Boston Consulting Group » The Reputation Institute ranked us among the 200 most respected companies in the world Rated as one of the leading players in the Service oriented Architecture space by Forrester Continued coverage on leading global media, including TV, print and online Strategic and key sponsor of the World Economic Forum; prime sponsor of several flagship events like Gartner Sourcing Summit, Sapphire, Oracle OpenWorld, W3C Conference » Our Campus Connect Program has been extended to over 300 engineering colleges with over 58,000 registered students © Infosys Technologies Limited 2006-07

Expanding the Global Delivery Model

1996 2001 2006

Management Consulting Business Process Management IT Outsourcing Systems Integration Technology Consulting Technology-enabled BPR Enterprise Solutions Application Development and Maintenance

1981

Software Re-engineering

People Organization Infrastructure Process Quality Infosys Global Delivery Model New Services* as % of revenue 22.8% 24.9% 29.6% 35.4% 37.7% 41.1% 43.7% FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 FY 07

*

New services is defined as services other than Application Development, Maintenance, Re-engineering and Products

© Infosys Technologies Limited 2006-07

Operational excellence

78.6

77.6

71.4

69.5

2006 2007 70.8

69.9

29.2

30.1

2006 2007 Including Trainees (%) Excluding Trainees (%) Utilization Rates* Onsite (%) Offshore(%) Onsite - Offshore Ratio*

» » » » » Improving ‘execution excellence’ through continuous productivity improvement and maintaining high quality delivery is the primary focus Continuous benchmarking of processes against world class standards such as SE-CMM/CMMI, ISO 20000, ISO 27000, AS 9100, TL 9000 and ISO 14001 Patent application filed for PROSO, our project scheduling model Program Management Framework to enable execution of large deals Infosys BPO assessed at Level 4 on the eSCM (The eSourcing Capability Model from SEI)

* Excluding subsidiaries

© Infosys Technologies Limited 2006-07

Best-in-class people

10.5

9.7

11.2

13.7

25,634 36,750 52,715 72,241 2004 2005 2006 Total Employee Strength 2007 2004 2005 2006 Attrition (% ) 2007

» » » » » Sustained focus on recruiting the top 20% from best schools. 13,02,368 applications processed, tested over 2,25,400 applicants, interviewed 91,200 and hired 22,567 (gross) Trained 15,176 employees as part of our Foundation Program. Delivered learning opportunities aggregating to 9,12,903 trainee days Continuously honing competencies to improve the depth and breadth of our services offerings – during the year about 31,000 employees were certified at various levels; also expanding our Enterprise Architecture capabilities, record number of architects certified Substantial investments in creating a scalable training engine at our Mysore campus, which houses the world’s largest corporate university – geared to be able to train 13,500 employees annually As part of InStep, our Global Internship Program, over 12,000 applications processed enabling 125 interns representing over 30 different nationalities to share experiences & perspectives © Infosys Technologies Limited 2006-07

World-class infrastructure

»

44 Global Development Centers – 24 in India and 20 overseas (North America, Europe and Asia Pacific)

»

11.96 million sq. ft. space, with a capacity to accommodate 58,488 professionals (as of March 31, 2007)*. Additional 10.3 million sq. ft. under construction with 32,967 seats

»

Rs. 1,194 crore spent on developing physical infrastructure – up from Rs.849 crore during the previous year

* Excluding subsidiaries

© Infosys Technologies Limited 2006-07

Key awards and recognitions

» Ranked first in SAFA (South Asian Federation of Accountants) Best Presented Accounts Award 2005 in the Communication and Information Technology Sector based on evaluation of Annual Report » Named the most admired company for the sixth consecutive survey by Asia Wall Street Journal » Named among 74 Global High Performers chosen from Forbes’ Global 2000 list » Ranked 36 among World’s Most Innovative Companies » Ranked No 11 in Wired 40 (2006) » “India’s Most Respected Company” based on a survey conducted by Business World » Ranked as the ‘Best Company to Wok for in India 2006’ in the BT Mercer-TNS Survey published in Business Today © Infosys Technologies Limited 2006-07

© Infosys Technologies Limited 2006-07

Thank You

www.infosys.com

© Infosys Technologies Limited 2005-06