Bangalore, India - May 15, 2009: Infosys Technologies Limited (NASDAQ: INFY) today announced that as in the previous year, it will avail NASDAQ's rule amendment which allows a company to furnish its annual reports to its ADS holders on its website in lieu of physical distribution.
Accordingly, the Annual Report on Form 20-F for the year ended March 31, 2009 filed with the Securities and Exchange Commission (SEC) on April 28, 2009, together with the Indian Annual Report is available on the Infosys Technologies website at www.infosys.com. The financial statements included in the Annual Report on Form 20-F have been prepared in accordance with the International Financial Reporting Standards as issued by International Accounting Standards Board, (IFRS) using April 1, 2007 as the transition date. Until the adoption of IFRS , the financial statements included in the Annual Reports on Form 20-F and Quarterly Reports on Form 6-K filed with the SEC were prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).
As per the rule amendment, the company will not be circulating physical copies of the Annual Report on Form 20-F or the Indian Annual Report to ADS holders. However, in compliance with the NASDAQ rule amendment, physical copies of Infosys' Annual Report on Form 20-F and the Indian Annual Report will be made available, at no cost, to ADS holders on request. Interested ADS holders may write to "The Company Secretary" at Infosys' registered office at Electronics City, Hosur Road, Bangalore - 560 100, or email their request to
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2008, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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