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Investor FAQs

 

 

Corporate Information


1) What is Infosys’ area of operations?

Infosys Technologies Limited (Infosys), along with its majority owned and controlled subsidiary, Infosys BPO Limited (Infosys BPO), and wholly-owned subsidiaries Infosys Technologies (Australia) Pty. Limited (Infosys Australia), Infosys Technologies (Shanghai) Co. Limited (Infosys China) and Infosys Consulting Inc. (Infosys Consulting) is a leading global technology services firm. The company provides end-to-end business solutions that leverage technology. The company provides solutions that span the entire software life cycle encompassing consulting, design, development, software re-engineering, maintenance, systems integration, package evaluation and implementation and infrastructure management services. In addition, the company offers software products for the banking industry and business process management services.

 

2) Where and in which year was Infosys incorporated?

Infosys was incorporated in 1981 as Infosys Consultants Private Limited, as a private limited company under the Indian Companies Act, 1956. It changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited in June 1992, when it became a public limited company. Infosys completed its initial public offering of equity shares in India in 1993 and its initial public offering of ADSs in the United States in 1999. In July 2003, June 2005 and November 2006, it completed sponsored secondary offerings of ADSs in the United States on behalf of its shareholders.

 

3) What is Infosys’ revenue and profits for recently concluded quarter and for last 12 months?

 

As per Indian GAAP (Rs cr) As per US GAAP ($ m)
Q2 09 revenues 5,418 1,216
Q2 09 net profits 1,432 318
LTM Sep 08 revenues 19,085 4,597
LTM Sep 08 net profits 5,214 1,245

 

4) What is Infosys’ 5 year revenue and profit CAGR?

 

As per Indian GAAP (Rs cr) As per US GAAP ($ m)
Revenue 35% 40%
Net Profit 37% 42%

 

5) What is the employee strength of the Infosys Group?

Infosys and its subsidiaries had 100,306 employees as of September 30, 2008

 

6) Does the company have debt in its Balance Sheet?

Infosys is a debt-free company. It doesn’t have any outstanding debt or fixed deposits. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements

 

7) What is the credit rating of the company?

The credit rating of the company is BBB (Standard & Poor’s rating) and 5A1 (Dun & Bradstreet rating)

 

8) How many software development centers does Infosys have?

Infosys has 54 global development centers of which 27 are in India and 27 are outside India

 

9) How many sales offices does Infosys have?

Infosys has 48 sales offices around the world of which 4 are in India and 44 are outside India

 

10) What is the address of registered office of Infosys?

The registered office address of Infosys is as below

Infosys Technologies Limited

Electronics City

Hosur Road

Bangalore 560 100, India

Tel.: +91 80 2852 0261

Fax: +91 80 2852 0362

Website: www.infosys.com

 

11) When does Infosys’ financial year ends?

Infosys’ financial year ends on March 31.

 

12) In which stock exchanges are Infosys shares/ADRs listed and what are the codes?

Infosys’ equity shares are listed on BSE and NSE in India and its ADS is listed on the NASDAQ in the US. The respective codes are as below:

 

In India Outside India
NSE BSE NASDAQ
Exchange code INFOSYSTCH 500209 INFY
Reuters code INFY.NS INFY.BO INFY.O
Telerate/Moneyline code IN:INFN IN:INF US:INFY
Bloomberg code NINFO IN INFO IN -

 

13) Where can I obtain information on Infosys’ financial results?

Infosys’ quarterly and annual financial results can be accessed at www.infosys.com/investors/reports-filings/default.asp

 

14) Where can I obtain details on Infosys’ stockholders?
Infosys stockholder details are provided at the link below:
Download


ADR Information


15) What is an American Depositary Share (ADS)?
An ADS is a negotiable certificate evidencing ownership of an outstanding class of stock in a non-US company. ADSs are created when ordinary shares are delivered to a custodian bank in the domestic market, which then instructs a depositary bank in the US to issue ADSs based on a predetermined ratio. ADSs are SEC-registered securities and may trade freely, just like any other security, either on an exchange or in the over-the-counter market.


16) What is the ratio of equity shares to ADS?
1 equity share held/traded in India is equivalent to 1 ADS held/traded on NASDAQ


17) Do the ADSs have voting rights?
Yes. In the event of a matter submitted to the holders of ordinary shares for a vote, the ADS holders on record as at a particular date will be allowed to instruct the depositary bank to exercise the vote in respect of the equity shares representing the ADS held by them.


18) Are the ADSs entitled to cash dividends?
Yes, whenever dividends are paid to ordinary shareholders, cash dividends to ADS holders are declared in local currency and paid in dollars (based on the prevailing exchange rate) by the depositary bank, net of the depositary’s fees and expenses.


Equity Shares Information


19) When did Infosys have its initial public offer (IPO) and what was the initial listing price? Was there any follow-on offering?
Infosys made an initial public offer in February 1993 and its shares were listed on stock exchanges in India in June 1993. Trading opened at Rs. 145 per share, compared to the IPO price of Rs. 95 per share. In October 1994, Infosys made a private placement of 5,50,000 shares at Rs. 450 each to Foreign Institutional Investors (FIIs), Financial Institutions (FIs) and body corporates. In March 1999, it issued 20,70,000 ADSs (equivalent to 10,35,000 equity shares of par value of Rs. 10 each) at US $34 per ADS under the American Depositary Shares Program and the same were listed on the NASDAQ National Market. All the above data is unadjusted for issue of stock split and bonus shares. During July 2003, June 2005 and November 2006, it made successful secondary ADR issues of US $294 million, US $1.07 billion and US $ 1.605 billion respectively.


20) What is the history of bonus issues (equivalent to stock split in the form of stock dividend) and stock split at Infosys?


Fiscal Bonus share issue Stock split ratio
1986 1:1 2 for 1
1989 1:1 2 for 1
1991 1:1 2 for 1
1992 1:1 2 for 1
1994 1:1 2 for 1
1997 1:1 2 for 1
1999 1:1 2 for 1
2000 - 2 for 1
2004 3:1 4 for 1
2006 1:1 2 for 1

21) Does Infosys have a dividend reinvestment program or dividend stock purchase plan?
Infosys does not offer a dividend reinvestment program or dividend stock program, at present.


22) Does Infosys pay dividends? What is the dividend policy of Infosys?
Currently, Infosys pays dividends to its shareholders. The current dividend policy is to distribute not more than 30% of the PAT (unconsolidated Indian GAAP) as dividend. The Board of Directors reviews the dividend policy periodically and on Apr 15, 2008 decided to hike the dividend policy to upto 30% of post tax profits from 20% of post tax profits earlier


Investor Calendar


23) What is the date of release of financial results?


Quarter ending Earnings release date
June 30, 2008 July 11, 2008
Sep 30, 2008 Oct 10, 2008
Dec 31, 2008 Jan 13, 2009
Mar 31, 2009 Apr 15, 2009

 

24) When is the interim dividend declared?
Interim dividend is generally declared by the board and paid out in the month of October.


25) When is the AGM (Annual General Meeting) held?
AGM for fiscal 2008 was held on June 14, 2008. AGM for fiscal 2009 will be held in June 2009


26) Does the company organize any investor/analyst day?
The company organizes an analyst day in India every year in one of its campuses. Additionally, the company organizes an analyst day in New York every year. Both the buy-side and sell-side are invited to the analyst day. The most recent US analyst day was held on August 1, 2008 in New York and the most recent India analyst day was held on August 27, 2008 in its Mahindra City, Chennai campus


27) Does the company have any quiet periods?
Yes. Infosys follows quiet periods prior to its earnings release every quarter. During the quiet period, the company or any of its officials will not discuss earnings expectations with any external parties. It starts from 15 days prior to the month in which the earnings are going to be released, and ends two days after the announcement of the earnings numbers. Based on the tentative dates of the earnings release in fiscal 2009, the tentative quiet periods would be as follows:


Quarter ending Earnings release date Quiet period
June 30, 2008 July 11, 2008 June 16, 2008 to Jul 13, 2008
Sep 30, 2008 Oct 10, 2008 Sep 16, 2008 to Oct 12, 2008
Dec 31, 2008 Jan 13, 2009 Dec 16, 2008 to Jan 15, 2009
Mar 31, 2009 Apr 15, 2009 Mar 16, 2009 to Apr 17, 2009

 

Investor Contacts


For queries relating to financial statement:


V. Balakrishnan
Chief Financial Officer
(080) 2852 0440
V. Balakrishnan

For investor matters:

India

Shekar Narayanan
Senior Manager - Investor Relations
(080) 4116 7744
Shekar Narayanan

US

Sandeep Mahindroo
Senior Manager - Investor Relations
001-646-254-3133
Sandeep Mahindroo

For compliance matters and for matters relating to shares/dividend:


Parvatheesam Kanchinadham

Company Secretary and
Compliance Officer
(080) 4116 7750
Parvatheesam Kanchinadham

Registrar and share transfer agents

Karvy Computershare Private Limited
Registrars and Share Transfer Agents,
T.K.N. Complex, No. 51/2, Vanivilas Road,
Opposite National College, Basavanagudi,
Bangalore 560 004, India.
Tel.: +91 80 2662 1184
Fax: +91 80 2662 1169
E-mail: kannans@karvy.com


Name and address of the depositary bank for the purpose of ADS


In India

Deutsche Bank A. G.

Trust & Securities Services
Hazarimal Somani Marg,
Fort, Mumbai 400 001, India.
Tel.: +91 22 5658 4621-26
Fax: +91 22 2207 9614


In the US

Deutsche Bank Trust Company Americas

Trust & Securities Services,
60 Wall Street, 27th Floor,
MS# NYC60-2727
New York, NY10005, USA
Tel.: +1 212 250 1905
Fax: +1 212 797 0327

Name and address of the custodian in India for the purpose of ADS


ICICI Bank Limited
Securities Market Services,
Empire Complex, F7/E7 1st Floor,
414, Senapati Bapat Marg, Lower Parel,
Mumbai 400 013, India.
Tel.: +91 22 5667 2030 / 2026
Fax: +91 22 5667 2740 / 2779
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