Infosys Integrated Annual Report 2021 - 2022

One digital foundation – unified by cloud

Organizations apply data-driven and agile-driven approaches – from predictive systems to AI-driven automation – but mostly sporadically. This leaves so much value lying on the table. When it comes to data guiding processes, only a fraction is often processed due to the limits of legacy technology, challenges of adding more modern digital capabilities, and high computational demands of intensive, real‑time processing jobs.

Umashankar Lakshmipathy SVP – Group Practice Engagement Manager Know More

While several organizations have successfully adopted a cloud‑first strategy to build new digital capabilities and transform their businesses, the journey to the cloud can be challenging for some.

Dennis Gada SVP – Industry Head Know More

One of the most puzzling challenges of our times is determining changing customer behaviors and trends. And then taking advantage of this to quickly realign business strategies is key to cementing competitive advantage. The challenge is two‑fold – shining a light on insights amid the chaos and multiple sources of data, as also building the performance infrastructure that can pivot on demand to where these insights point.

Ambeshwar Nath SVP – Industry Head Know More

Infosys Integrated Annual Report 2021 - 2022

One people culture – powered by lifelong learning

While helping our clients navigate their next, our own ambitious journey to the next in the world of digital, is steered by our employees. Ensuring they are making progress in their career journeys and realizing their aspirations is a key driver of our people practice. To this end, we have engineered Infosys Career Gambit, a comprehensive program to empower our employees with a roadmap for future readiness.

Nandini S. SVP – Group Head – Organization Development Know More

Technology has fundamentally changed the way we approach life and work. At Infosys, technology informs our people strategy through the creation of virtual work arrangements that enable inclusive and flexible work. It also creates the opportunity to work with an organization where diverse talent can participate fully, learn, collaborate and have fun.

Aruna C. Newton AVP – Head – Diversity, Equity and Inclusion Know More

The world of work, for all of us, is transformed. Artificial intelligence and software-powered automation, especially over the past decade, have mechanized prior generations of routine work. Some jobs, with automatable predictable steps have been lost, with many others created, and almost all of them will no doubt continue to change with growing digitalization. The pandemic that raged over the past several months accelerated the adoption of digital and dramatically disrupted labor markets driving organizations to reevaluate every aspect of work. At Infosys, we too have adapted and evolved.

Sushanth Tharappan SVP – Head – Leadership Development Know More

Infosys Integrated Annual Report 2021 - 2022

One shared purpose – inspired by our commitment to the larger community

As a responsible corporation, Infosys is striving to drive its business sustainably through focused action, collaboration, advocacy, and thought leadership.

Bose Koorliyil Varghese Head – Green Initiatives Know More

The future is digital. And we at Infosys believe that everyone deserves a seat at the table.
Globally, Infosys and its CSR teams are actively deployed to unleash the talent of every individual to participate in this dynamic digital generation – irrespective of geography or zip code.

Kate Maloney AVP – Senior Principal – Business Consulting Know More

The culture of an organization is the outcome of how its people think and behave in response to internal and external stimuli. These behaviors are guided by the Company’s core values – either nurtured from the very beginning or developed over time. Leaders and managers lean on these values to navigate the path forward, especially during times of change or stress. At Infosys, that code of conduct and backbone for governance is C-LIFE – our acronym for Client Value, Leadership by Example, Integrity and Tranparency, Fairness and Excellence

Rachael Zavodnyik AVP – Assistant General Counsel Know More

FY 2022
Business Highlights

Differentiated cloud services and large deal momentum drive. Infosys’ highest annual growth in a decade. Our ESG Vision 2030 and ambitions continue to drive value for all our stakeholders.

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Revenues
(in `crore)

1,21,641

21.1% growth Y-o-Y
19.7% CC growth Y-o-Y

Free cash flows
(in ` crore)(1)

22,803

3.6% growth Y-o-Y
FCF conversion at 103% of net profit

Total shareholder return

41.6%

Generated higher returns than market

Operating margin

23.0%

Robust operating margin

Consolidated cash and investments
(in ` crore)(2)

37,419

Continue to maintain strong liquidity position

Basic earnings per share
(par value of `5 each)

52.52

15.2% growth Y-o-Y

Digital revenues
(as a % of total revenue)

57.0%

41.2% CC growth Y-o-Y (basis US$)

Return on equity

29.1%

Improved by 1.7% over the last fiscal

Dividend per share
(in `)

31.0

14.8% growth Y-o-Y

Large deal TCV
(Total contract value in US$ billion

9.5

Sustained momentum in large deal wins

Number of US$ 100 million+ clients

38

Increase of 6 clients Y-o-Y

Women employees

39.6%

Steady progress towards gender diversity goals

Note:
(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the Consolidated Statement of Cash Flows prepared under IFRS.
(2) Comprise cash and cash equivalents, current and non-current investments excluding investments in unquoted equity and preference shares, compulsorily convertible debentures and others

Chairman's message

Winning in the
crucible of our times

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Nandan M. Nilekani

We are united by a common purpose – to amplify human potential and create the next opportunity for people, businesses and communities.

Nandan M. Nilekani Chairman

NEXTSalil Parekh

Chief Executive Officer

Letter to the Shareholder

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Salil Parekh

Our One Infosys approach enables all our capabilities and employees to work for the benefit of our clients and support them in their digital transformation agenda.

Salil Parekh Chief Executive Officer and Managing Director

PREVNandan Nilekani

Integrated thinking at Infosys

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Our integrated thought process is engineered to create, sustain and deliver value to all our stakeholders. We achieve this by adhering to a strong set of values and code of conduct, being aware of key developments in the external environment, deploying resources optimally, executing our holistic strategy and continuously monitoring and managing any risks to our business.

Code of conduct and values

Our Code of Conduct and Ethics sets forth our core values, shared responsibilities, global commitments, and promises.

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Informing our thinking

Our operating context

Today’s highly dynamic technology landscape demands that business leaders address the twin imperatives of extending the value of existing investments, and transforming and future‑proofing their organizations in ways that are both disruptive and visionary.

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Resources we deploy to
create value

Financial Capital

Natural Capital

Intellectual Capital

Manufactured Capital

Human Capital

Social and Relationship Capital

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Our strategy

We have embraced a four-pronged strategy to strengthen our relevance with clients and drive accelerated value creation

Scale agile digital

Reskill our people

Energize the core

Expand localization

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Our ESG ambitions

Vision 2030

To shape and share solutions that serve the development of businesses and communities

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Value creation for stakeholders

Being a wealth creator for investor

19.7%

Constant currency revenue growth

15.2%

Earnings per share growth

29.1%

Return on equity

Being a partner to clients

ESG-as-a-Service Bundle, execute and manage a portfolio of ESG-related programs.

1741

Total number of active clients

Being a people Company

3,14,015

Total no. of employees

39.6%

Women in the workforce

Being a corporate citizen

US$ 60 mn

CSR contribution

4.8 mn+

People enabled through digital talent at scale

Being an environmental steward

Carbon neutral for the third consecutive year

34%

y-o-y reduction

Providing a platform for supplier partners

Responsible supply chain assessment launched in FY 2022

569

MSME partners

Transparently engaging with governments

“Government Tech Insider” launched before the UK Parliament

Advocating for immigration legislation and regulation in the best interests of the mobility of IT services industry workers into key markets such as the US, UK and Australia.

Value creation model

Input

Financial Capital

`76,782 cr

Net assets

`38,660 cr

Consolidated cash and investments

Human Capital

3,14,015

Total no. of employees

125.6

Annual average training hours per employee

`1,384(1) cr

Investments in employee well-being

Intellectual Capital

1,50,000

Employees trained in digital skills

20+

Innovation Hubs and Living Labs

19

Industry-leading products, solutions and platforms

150+

Startups in our innovation ecosystem

Social and Relationship Capital

28.61 mn sq. ft.

Highest rated green buildings

`1,542 cr

Capex spend on tech infrastructure

32

Climate change solutions

Natural and Manufactured Capital

`450 cr

Global CSR spends

1,741

Total number of active clients

29

No. of nearshore / tier-2 locations

12

No. of carbon offset projects

Process and Strategy

Process and Strategy

Go-to-market business units*

Financial Services and Insurance

Life Sciences and Healthcare

Retail, Consumer Packaged Goods and Logistics

Communications, Telecom OEM and Media

Energy, Utilities, Resources and Services

Manufacturing

Hi-Tech

Infosys Public Services and other public service enterprises

Others which includes segments of businesses in India, Japan and China

Outputs

Financial Capital

19.7%

Constant currency revenue growth

15.2%

Earnings per share growth

29.1%

Return on equity

Human Capital

84,782

Fresh college graduates hired globally

1,24,498

Women in the workforce (39.6%)

Intellectual Capital

57.0%

Digital revenues

41.2%

Constant currency digital revenue growth

54

Digital leader ratings

230

Artifacts published by the Infosys Knowledge Institute (IKI)

20

Reports published by IKI

684

Patent portfolio

Social and Relationship Capital

4.8 mn

Enabled in digital skills

451

New client accounts

49,473

Employees in nearshore / tier-2 locations

1,84,000

Rural families continue to benefit from our carbon offset projects

Natural and Manufactured Capital

3rd

Consecutive year of being carbon neutral across scope 1,2,3 emissions

48.9%

Reduction in scope 1 and 2 emissions over the BAU scenario

27-35%

Client engagements include climate change solutions

Outcomes

Financial Capital

  • Profitable growth
  • Sustained / long-term cash flow

Human Capital

  • Top employer in 22 countries across Europe, Middle East, Asia Pacific, and North America. Top ranking in 16 countries and #1 ranking in India
  • Best-in-class employee experience and learning
  • Safe and inclusive workplaces

Intellectual Capital

  • Diversified portfolio of solutions across industry segments
  • Innovation partner to clients
  • Partner of choice for social and environmental solutions for the community

Social and Relationship Capital

  • Positive impact on the communities in which we operate
  • Trusted partner of choice for all stakeholder groups

Natural and Manufactured Capital

  • Strong advocates of environmental stewardship extending beyond our boundaries
  • Productive, safe and healthy workplaces for employees

Investors

Clients

Employees

Suppliers

Communities

Government / Regulators

Other Reports

ESG Report

ESG Report

Sharing an equitable and sustainable digital future

DOWNLOAD ESG Report  

 

ESG Data Book

ESG Data Book

Sharing an equitable and sustainable digital future

DOWNLOAD ESG Data Book  

Additional Information

Practical Sustainability

Practical Sustainability

Circular Commerce, Smarter Spaces, and Happier Humans

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