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Infosys Technologies Limited

Three months ended September 30, Six months ended September 30, Year ended
2000
(Unaudited)
1999
(Audited)
2000
(Unaudited)
1999
(Audited)
March 31, 2000
(Audited)
REVENUES
Revenues $ 97,939,050 $ 47,941,680 $ 178,196,883 $ 87,670,580 $ 203,443,754
Cost of revenues 50,198,315 26,103,672 92,160,476 46,723,936 111,080,546
Gross profit 47,740,735 21,838,008 86,036,407 40,946,644 92,363,208
Operating Expenses
Selling and marketing expenses 4,994,025 1,665,122 9,191,540 4,154,480 9,643,970
General and administrative expenses 9,274,568 4,264,873 15,691,481 7,327,571 17,102,550
Amortization of stock compensation expense 1,275,796 1,293,002 2,551,592 2,543,102 5,117,635
Other income, net 4,292,181 2,205,581 7,695,238 5,416,282 9,038,792
Income before income taxes 36,488,527 16,820,592 66,297,032 32,337,773 69,537,845
Provision for income taxes 3,706,641 2,100,081 6,683,473 4,306,383 8,193,317
Net income $ 32,781,886 $ 14,720,511 $ 59,613,559 $ 28,031,390 $ 61,344,528
Earnings per equity share
Basic $ 0.50 $ 0.22 $ 0.90 $ 0.42 $ 0.93
Diluted $ 0.49 $ 0.22 $ 0.89 $ 0.42 $ 0.93
Weighted equity shares used in computing earnings per equity share
Basic 65,941,034 65,671,534 65,959,151 65,680,100 65,659,625
Diluted 66,912,722 65,671,534 67,097,321 65,680,100 65,863,990

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