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Annual Report

Infosys is a global technology services company headquartered in Bangalore, India. It has offices in 33 countries and development centers in india, china, australia, canada, Brazil and Japan. Consolidated revenues for this fiscal stood at Rs. 27,501 crore, a year-on-year growth of 20.9%.

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75 views3 pages

Annual Report

Infosys is a global technology services company headquartered in Bangalore, India. It has offices in 33 countries and development centers in india, china, australia, canada, Brazil and Japan. Consolidated revenues for this fiscal stood at Rs. 27,501 crore, a year-on-year growth of 20.9%.

Uploaded by

Harsimran Kaur
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Ladies and Gentlemen, Good Morning everyone.

I am highly obliged to be given the privilege of presenting the annual report before the esteemed audience. I feel elated that I will be able to portray the strengths of the company. Infosys Limited, formerly known as Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China, Australia, UK, Canada, Brazil and Japan. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries. The company also provides software products to the banking industry. Through Infosys business process outsourcing (BPO), it provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing. Fiscal 2011 was a year of improved performance, recovery, consolidation and new

explorations for Infosys. The global economic climate posed several challenges, but we made the best use of our resources and abilities for growth. We were adjudged second among the Global Outsourcing 100 by the International Association of Outsourcing Professionals. The strong customer-driven vertical focus that we have created has helped us take advantage of the opportunities we identified in the market. The overall performance for the year spelled growth, both for us and for our clients. consolidated revenues for this fiscal stood at Rs. 27,501 crore, a year-on-year growth of 20.9%. The profit after tax was Rs.. 6,823 crore, a year-on-year growth of 9.7%. Our annual revenue for fiscal 2011 was US$ 6,041 million, a year-on-year growth of 25.8%, while our net income registered a year-on-year growth of 14.2% to stand at US$ 1,499 million.

We are pleased to announce a final dividend of Rs. 20 per equity share (equivalent to US$ 0.45 per American Depository Share (ADS) at the prevailing exchange rate of Rs. 44.40 per US$).Earlier in the fiscal, we paid an interim dividend of Rs. 10 per share and a 30th year special dividend of Rs. 30 per share. Our world-class business consulting model, designed to help our clients build their enterprises of tomorrow through technology- driven transformation, won us several prestigious projects this fiscal. A large US-based retailer partnered with us on its strategy on mobile application development to complement its e-commerce offerings. A leading manufacturer of helicopters engaged us to transform business intelligence capabilities at the enterprise level. applications. Our flagship offering for the banking industry, Finacle, continued to grow its business, with 41 client wins this fiscal. We crossed another milestone as innovation partner to banks with the launch of Finacle Analyz, a comprehensive analytics solution for banks to make faster decisions. Flypp, the mobile application marketplace developed by us, helped us enter a strategic relationship for reciprocal licensing and distribution of applications with Mobile Streams, the global mobile content retailer. iEngage, our digital consumer platform, is currently powering social media marketing, e-commerce and employee engagement programs for five Global 500 companies. A number of prestigious awards and recognitions were bestowed on us this fiscal. The Boston Consulting Group ranked us among the top 10 value-creating technology and telecommunications companies. Our high standards of corporate governance earned us the recognition of the best company for corporate governance from Asiamoney. A FinanceAsia survey voted us the best company in management, corporate governance, investor relations, and corporate social responsibility in India. Another survey by the Wall Street Journal named us the most admired company in India. We thank the readers and investors for considering us worthy of these distinctions. We performed a security audit assessment and remediation of Sarbanes-Oxley-based conflicts for a global food service retailer in its Oracle financial

Our commitment to adopt sustainable business practices were recognized by India Carbon Outlook with the Sustainability Leadership award. We continue to promote green technologies and eco-friendly practices in our offices and for our clients. While we celebrate what we have achieved in these three decades, we must also bid farewell to the person who took the first steps with courage and conviction and made the rest of the journey easier for us. N. R. Narayana Murthy retires this year as Chairman of the Board. His contributions to Infosys, to the IT industry and to India need no reiteration. The Government of India recognized his achievements by conferring the Padma Vibhushan on him in 2008. He has received numerous awards and recognitions from around the world in the last several years. Every Infoscion is grateful to N. R. Narayana Murthy for his leadership by example and his support to their personal development. In recognition of his contribution to Infosys, the Board has decided to name him the Chairman Emeritus of the company. We hope you will continue to support our new direction in the same way that you have stood by us over the years. Thank You!!

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