1 INR - IFRS Consolidated Profit and Loss

2 INR - IFRS Consolidated Balance Sheet

3 USD - IFRS Consolidated Profit and Loss
4 USD - IFRS Consolidated Balance Sheet
5 INR - IFRS Consolidated Cash flow
6 USD - IFRS Consolidated Cash flow
7 Operating Metrics
8 Disaggreagate Revenue

*As the quarter and year figures are taken from the source and rounded to the nearest digits, the figures reported for previous quarters might not always a
revious quarters might not always add up to the year figures reported in this statement.
Index

FINANCIAL STATEMENTS (As per IFRS)

Profit & Loss Account (Rs. Crores) FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22

Income 90,791 100,472 27,896 29,602 31,867 32,276 121,641

Cost of sales 60,732 65,413 18,506 19,806 21,415 22,272 81,998

Gross Profit 30,059 35,059 9,390 9,796 10,452 10,004 39,643

Selling and marketing expenses 4,711 4,627 1,248 1,235 1,325 1,347 5,156
General and administrative expenses 5,974 5,810 1,539 1,589 1,643 1,701 6,472
Total operating expenses 10,685 10,437 2,787 2,824 2,968 3,048 11,628

Operating profit 19,374 24,622 6,603 6,972 7,484 6,956 28,015

- Margin 21.3% 24.5% 23.7% 23.6% 23.5% 21.5% 23.0%

Operating Profit after Interest, Depreciation and Amortization 19,374 24,622 6,603 6,972 7,484 6,956 28,015

Other income, net 2,803 2,201 622 524 512 637 2,295
Finance cost (170) (195) (49) (48) (53) (50) (200)
Reduction in the value of disposal group held for sale - - - - - - -
Adjustment in respect of excess of carrying amount over recoverable amoun - - - - - - -
Share in net profit/(loss) of associate, including impairment - - - - - - -

Profit before tax, minority interest and exceptional items 22,007 26,628 7,176 7,448 7,943 7,543 30,110
Provision for taxation 5,368 7,205 1,975 2,020 2,121 1,848 7,964

Profit after tax but before minority interest and exceptional items 16,639 19,423 5,201 5,428 5,822 5,695 22,146
Minority interest 45 72 6 7 13 9 36

Net profit after tax, minority interest and exceptional items 16,594 19,351 5,195 5,421 5,809 5,686 22,110

EPS before exceptional item (^)

Basic 38.97 45.61 12.24 12.88 13.86 13.56 52.52
Fully Diluted 38.91 45.52 12.21 12.85 13.83 13.54 52.41

EPS after exceptional item (^)

Basic 38.97 45.61 12.24 12.88 13.86 13.56 52.52
Fully Diluted 38.91 45.52 12.21 12.85 13.83 13.54 52.41

Shares outstanding (^)

Basic, Millions 4,257.8 4,242.4 4,245.5 4,210.1 4,190.9 4,191.7 4,209.5
Fully Diluted, Millions 4,265.1 4,250.7 4,253.3 4,218.3 4,198.9 4,199.8 4,218.5

Notes:
Transition to IFRS took place from Q3 FY09 prior to which the financials for Q1 FY09 and Q2 FY09 are reported under Indian GAAP.
(^) EPS before exceptional item and after exceptional item and Shares o/s have been adjusted for 1:1 bonus issue/stock dividend given in Dec-14, June-15 and September-18
Index

FINANCIAL STATEMENTS (As per IFRS)

Balance Sheet (Rs. Crores) FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22
Assets
Cash and Equivalents 18,649 24,714 21,339 18,056 15,943 17,472 17,472
Available-for-sale financial assets/current investments 4,655 2,342 4,664 4,983 4,147 6,673 6,673
Investments in certificate of deposits - - - - - - -
Trade receivables 18,487 19,294 20,421 20,121 22,569 22,698 22,698
Unbilled Revenues 7,121 7,527 8,456 9,413 9,853 11,568 11,568
Loans & Advances - - - - - - -
Derivative financial instruments 62 188 64 122 213 143 143
Income tax assets 7 - - - - 54 54
Prepayments and other Current assets 5,595 6,668 6,848 7,313 7,885 8,577 8,577
54,576 60,733 61,792 60,008 60,610 67,185 67,185
Assets held for sale - - - - - - -
Total current assets 54,576 60,733 61,792 60,008 60,610 67,185 67,185
Non-current assets
Property, plant and equipment 13,699 13,623 13,560 13,422 13,344 13,579 13,579
Right-of-use assets 4,168 4,794 4,560 4,599 4,733 4,823 4,823
Goodwill 5,286 6,079 6,197 6,122 6,119 6,195 6,195
Intangible assets 1,900 2,072 2,024 1,895 1,780 1,707 1,707
Capital WIP - - - - - - -
Investment in associate - - - - - - -
Available-for-sale financial assets/non-current investments 4,137 11,863 11,989 10,096 12,066 13,651 13,651
Investment in govt bonds - - - - - - -
Unbilled Revenues 594 722 758 940 941 941
Deferred income tax assets 1,744 1,098 1,015 976 923 1,212 1,212
Income tax assets 5,384 5,811 5,801 5,796 6,005 6,098 6,098
Other Non Current Assets 1,874 1,719 1,826 2,438 2,557 2,494 2,494
Total non-current assets 38,192 47,653 47,694 46,102 48,467 50,700 50,700
Total Assets 92,768 108,386 109,486 106,110 109,077 117,885 117,885

Liabilities and equity

Trade payables 2,852 2,645 2,668 3,176 3,762 4,134 4,134
Lease liabilities 619 738 740 788 831 872 872
Derivative financial instruments 491 56 50 44 48 61 61
Current income tax liabilities 1,490 2,146 2,896 2,455 2,532 2,607 2,607
Client deposits 18 - - - - - -
Unearned revenue 2,990 4,050 4,278 4,394 6,192 6,324 6,324
Employee benefit obligations 1,832 2,020 2,257 2,236 2,219 2,182 2,182
Provisions 572 713 726 862 996 975 975
Other current liabilities 9,992 11,497 15,923 13,733 14,585 16,448 16,448
20,856 23,865 29,538 27,688 31,165 33,603 33,603
Liabilities directly associated with assets held for sale - - - - - - -
Total current liabilities 20,856 23,865 29,538 27,688 31,165 33,603 33,603
Non-current liabilities
Lease liabilities 4,014 4,587 4,391 4,356 4,481 4,602 4,602
Deferred income tax liabilities 968 875 840 858 841 1,156 1,156
Other non-current liabilities 1,048 2,180 2,309 2,759 2,719 2,696 2,696
Employee benefit obligations 38 97 95 101 93 92 92
Total liabilities 26,924 31,604 37,173 35,762 39,299 42,149 42,149
Equity
Share capital 2,122 2,124 2,122 2,097 2,097 2,098 2,098
Share premium 600 993 1,107 564 669 827 827
Retained earnings 57,506 65,397 59,977 58,078 57,078 62,423 62,423
Cash flow hedge reserves (15) 10 15 21 14 2 2
Other Reserves 4,070 6,385 6,915 7,470 7,996 8,339 8,339
Capital redemption reserve 111 111 113 139 139 139 139
Other components of equity 1,056 1,331 1,622 1,570 1,408 1,522 1,522
Total equity attributable to the equity holders of the company 65,450 76,351 71,871 69,939 69,401 75,350 75,350
Non-controlling interests 394 431 442 409 377 386 386
Total Equity 65,844 76,782 72,313 70,348 69,778 75,736 75,736
Total liabilities and equity 92,768 108,386 109,486 106,110 109,077 117,885 117,885

Notes:
Transition to IFRS took place from Q3 FY10 prior to which the financials
highlighted are reported under Indian GAAP.
Index

FINANCIAL STATEMENTS (As per IFRS)

Profit & Loss Account (Million $) FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22

Revenues 12,780 13,561 3,782 3,998 4,250 4,280 16,311

Cost of sales 8,552 8,828 2,509 2,675 2,856 2,955 10,996

Gross Profit 4,228 4,733 1,273 1,323 1,394 1,325 5,315

Selling and marketing expenses 664 624 169 167 177 179 692
Administrative expenses 840 784 208 215 219 226 868
Total operating expenses 1,504 1,408 377 382 396 405 1,560

Operating profit 2,724 3,325 896 941 998 920 3,755

- Margin 21.3% 24.5% 23.7% 23.6% 23.5% 21.5% 23.0%

Other income (expenses), net 395 297 84 71 68 84 308

Finance cost (24) (26) (7) (6) (7) (6) (27)
Reduction in the fair value of Disposal Group held for sale - - - - - - -
Adjustment in respect of excess of carrying amount over recoverable amou - - - - - - -
Write down of investment in associate - - - - - - -

Profit before income taxes 3,095 3,596 973 1,006 1,059 998 4,036
Income tax expense 757 973 268 272 283 245 1,068

Profit after tax 2,338 2,623 705 734 776 753 2,968

Minority Interest 7 10 1 1 2 1 5

Net profit after minority interest 2,331 2,613 704 733 774 752 2,963

Earnings per equity share (^)

Basic ($) $0.55 $0.62 $0.17 $0.17 $0.18 $0.18 $0.70

Diluted ($) $0.55 $0.61 $0.17 $0.17 $0.18 $0.18 $0.70

Weighted average equity shares (^)

Basic 4,257.8 4,242.4 4,245.5 4,210.1 4,190.9 4,191.7 4,209.5

Diluted 4,265.1 4,250.7 4,253.3 4,218.3 4,198.9 4,199.8 4,218.5

Notes:
(^) Earnings Per Share and weighted average equity shares have been adjusted for 1:1 bonus issue/stock dividend given in Dec-14, June-15 and September-18
Index

FINANCIAL STATEMENTS (As per IFRS)

Balance Sheet (Million $) FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22

Assets
Cash and Equivalents 2,465 3,380 2,871 2,432 2,145 2,305 2,305
Available-for-sale financial assets/ current investments 615 320 628 671 558 880 880
Investments in certificate of deposits - - - - - - -
Trade receivables 2,443 2,639 2,747 2,711 3,036 2,995 2,995
Unbilled Revenues 941 1,030 1,138 1,268 1,325 1,526 1,526
Derivative financial instruments 8 26 9 16 29 19 19
Income tax assets 1 - - - - 7 7
Prepayments and other assets 739 912 920 986 1,060 1,133 1,133
7,212 8,307 8,313 8,084 8,153 8,865 8,865
Assets held for sale - - - - - - -
Total current assets 7,212 8,307 8,313 8,084 8,153 8,865 8,865
Non-current assets
Property, plant and equipment 1,810 1,863 1,825 1,809 1,796 1,793 1,793
Right-of-use assets 551 656 613 620 637 636 636
Goodwill 699 832 834 825 823 817 817
Intangible assets 251 283 272 255 239 225 225
Investment in Associates - - - - - - -
Available-for-sale financial assets/non-current investments 547 1,623 1,613 1,360 1,623 1,801 1,801
Unbilled Revenues - 81 97 102 126 124 124
Investments in govt bonds - - - - - - -
Deferred income tax assets 231 150 137 131 124 160 160
Income tax assets 711 795 780 781 808 805 805
Other Non Current Assets 248 235 246 328 344 329 329
Total non-current assets 5,048 6,518 6,417 6,211 6,520 6,690 6,690
Total Assets 12,260 14,825 14,730 14,295 14,673 15,555 15,555

Liabilities and equity

Trade payables 377 362 359 428 506 545 545
Lease liabilities 82 101 100 106 112 115 115
Derivative financial instruments 65 8 7 6 6 8 8
Current income tax liabilities 197 294 390 331 341 344 344
Client deposits 2 - - - - - -
Unearned revenue 395 554 575 592 833 834 834
Employee benefit obligations 242 276 304 301 298 288 288
Provisions 76 97 97 116 134 129 129
Other current liabilities 1,321 1,572 2,142 1,850 1,962 2,170 2,170
2,757 3,264 3,974 3,730 4,192 4,433 4,433
Liabilities directly associated with assets held for sale - - - - - - -
Total current liabilities 2,757 3,264 3,974 3,730 4,192 4,433 4,433
Non-current liabilities
Lease liabilities 530 627 591 587 603 607 607
Deferred income tax liabilities 128 120 113 115 113 153 153
Other Non-current liabilities 139 299 310 372 366 356 356
Employee benefit obligations 5 13 13 14 12 12 12
Total liabilities 3,559 4,323 5,001 4,818 5,286 5,561 5,561
Equity
Share capital 332 332 332 328 328 328 328
Share premium 305 359 374 301 316 337 337
Retained earnings 11,014 12,087 11,357 11,100 10,965 11,672 11,672
Other components of equity (3,614) (3,263) (3,394) (3,387) (3,422) (3,588) (3,588)
Cash flow hedge reserve (2) 2 2 3 2 1 1
Other reserves 594 908 980 1,054 1,125 1,170 1,170
Capital redemption reserve 17 17 17 21 21 21 21
Total equity attributable to the equity holders of the company 8,646 10,442 9,668 9,420 9,335 9,941 9,941
Non-controlling interests 55 60 61 57 52 53 53
Total Equity 8,701 10,502 9,729 9,477 9,387 9,994 9,994
Total liabilities and equity 12,260 14,825 14,730 14,295 14,673 15,555 15,555

Notes:
Transition to IFRS took place from Q3 FY09 prior to which the financials highlighted are reported under US GAAP.
Index
IFRS CASH FLOW STATEMENT (INR crs)

FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22
OPERATING ACTIVITIES
Net Profit 16,639 19,423 5,201 5,428 5,822 5,695 22,146
Adjustments to reconcile net profit to net cash provided by operating activities:
Depreciation and amortization 2,893 3,267 829 858 899 890 3,476
Income tax expense 5,368 7,205 1,975 2,019 2,122 1,848 7,964
Income on investments (488) (577) (199) (197) (181) (230) (807)
Finance cost 170 195 49 49 52 50 200
Effect of exchange rate changes on assets and liabilities 184 (62) 115 (61) (23) 88 119
Deferred consideration pertaining to acquisition - - - - - - -
Write-down of goodwill/ Impairment loss on assets held for sale - - - - - - -
Write-down of investment in associate - - - - - - -
Share in net profit/(loss) of associate, including impairment 161 190 44 43 54 29 170
Reduction in the value of disposal group held for sale/ adjustment of carrying value on
reclassification - - - - - - -
Stock compensation expense 249 333 110 99 93 113 415
Other adjustments (131) (91) (90) 126 107 (67) 76
Changes in working capital
Trade receivables and unbilled revenue (3,862) (1,835) (2,242) (721) (3,114) (1,860) (7,937)
Prepayments and other assets 505 (669) 307 (606) (883) (491) (1,673)
Trade payables (373) (245) 22 327 769 371 1,489
Client deposits (15) - - - - - -
Unearned revenue/ client deposits 148 1,019 228 117 1,752 132 2,229
Other liabilities and provisions 1,659 2,363 1,681 728 622 1,678 4,709

Cash generated from operations 23,107 30,516 8,030 8,209 8,091 8,246 32,576
Income taxes paid (4,550) (6,389) (1,161) (2,413) (2,189) (1,849) (7,612)
Net cash provided by operating activities 18,557 24,127 6,869 5,796 5,902 6,397 24,964

INVESTING ACTIVITIES
Expenditure on property, plant and equipment, net of sale proceeds, including changes in (3,307) (2,107) (506) (524) (503) (628) (2,161)
retention money and capital creditors
Loans to employees - - - - - - -
Deposits placed with corporation (108) (207) (296) (220) (270) (120) (906)
Redemption of deposits placed with Corporation 130 213 286 124 753
Income on investments including interest and dividend received 375 515 177 244 208 190 819
Investment in associate - - - - - - -
Payment for acquisition of business, net of cash acquired (1,860) (1,221) - - - - -
Payment for acquisition of intangible assets - - - - - - -
Payment of contingent consideration pertaining to acquisition of business (6) (158) (53) - - - (53)
Investment in equity and preference securities (41) - - - - - -
Investment in others (29) (70) (25) (10) (11) - (46)
Escrow and other deposits pertaining to Buyback 257 - (320) (100) - - (420)
Redemption of escrow and other deposits pertaining to Buyback - 420 - - 420
Proceeds from equity and preference securities 27 73 - - - - -
Investments in certificates of deposit (1,114) - (249) (249) (975) (2,711) (4,184)
Redemption of certificates of deposit 2,545 1,149 - 500 - 287 787
Investment in quoted debt securities (2,573) (11,517) (404) (403) (2,709) (2,347) (5,863)
Redemption of quoted debt securities 3,649 3,955 50 2,585 893 150 3,678
Investment in liquid mutual fund units/ fixed maturity planned services (34,839) (35,196) (11,781) (13,630) (14,394) (14,259) (54,064)
Redemption of liquid mutual fund units/ fixed maturity planned services 34,685 36,353 10,012 12,916 15,975 14,766 53,669
Investment in commercial papers - - - - - - -
Redemption of commercial paper 500 - - - - - -
Investment in fixed maturity plan securities - - - - - - -
Redemption of fixed maturity plan securities - - - - - - -
Proceeds from sale of other securities and Other receipts 46 72 12 24 26 14 76

Net cash used in investing activities (1,793) (8,359) (3,253) 1,766 (1,474) (4,534) (7,495)

FINANCING ACTIVITIES
Contribution to trust corpus - - -
Payment of lease liability (571) (698) (208) (213) (223) (271) (915)
Proceeds from issuance of common stock on exercise of employee stock options 6 15 8 1 5 7 21
Repayment of borrowings taken over from Lodestone - - - - - - -
Buy Back of equity shares including transaction cost (7,478) - (532) (10,593) - - (11,125)
Payment towards purchase of minority interest (49) - - - (2) (2)
Other receipts 83 52 65 92 27 236
Other payments - (7) (8) (7) (104) (126)
Payment of dividends (includes corporate dividend tax) incl. to Minoriry holders (9,548) (9,137) (6,370) (1) (6,363) 3 (12,731)

Net cash used in financing activities (17,591) (9,786) (7,057) (10,749) (6,496) (340) (24,642)

Effect of exchange rate changes on cash and cash equivalents (92) 83 66 (96) (45) 6 (69)
Net increase/(decrease) in cash and cash equivalents (827) 5,982 (3,441) (3,187) (2,068) 1,523 (7,173)
Cash and cash equivalents at the beginning of the period 19,568 18,649 24,714 21,339 18,056 15,943 24,714
Cash and cash equivalents at the end of the period 18,649 24,714 21,339 18,056 15,943 17,472 17,472

Supplementary information:
Restricted cash balance 396 504 528 526 490 471 471
Index

IFRS CASH FLOW STATEMENT ($ mn)

FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22
OPERATING ACTIVITIES
Net profit 2,338 2,623 705 734 776 753 2,968

Adjustments to reconcile net income to net cash provided by operating

activities
Depreciation and amortization 407 441 113 115 120 118 466
Share-based compensation - - - - - - -
Income tax expense 757 973 268 272 283 245 1,068
Income on investments (68) (77) (27) (27) (23) (31) (108)
Finance cost 24 26 7 6 7 7 27
Other non cash item - - - - - - -
Deferred consideration pertaining to acquisition - - - - - - -
Write-down of goodwill - - - - - - -
Write-down of investment in associate - - - - - - -
Impairment loss on financial assets 23 25 6 6 7 4 23
Reduction in the value of disposal group held for sale/ adjustment of
carrying value on reclassification - - - - - - -
Effect of exchange rate changes on assets and liabilities 27 (8) 16 (8) (3) 10 15
Stock compensation expense 34 45 15 13 13 15 56
Other adjustments (20) (13) (13) 18 14 (11) 8
Changes in working capital
Trade accounts receivable/ unbilled revenues (542) (248) (304) (97) (416) (247) (1,064)
Prepayment and other assets 70 (90) 42 (82) (119) (66) (225)
Unbilled revenues - - - - - - -
Trade payables (52) (33) 3 44 103 50 200
Client deposits (2) - - - - - -
Unearned revenue/ client deposits 21 138 31 16 235 17 299
Other liabilities and provisions 233 319 228 98 82 224 632

Cash generated from operations 3,250 4,121 1,090 1,108 1,079 1,088 4,365
Income taxes paid (639) (863) (158) (326) (293) (243) (1,020)
Net cash provided by operating activities 2,611 3,258 932 782 786 845 3,345

INVESTING ACTIVITIES
Payment for acquisition of business, net of cash acquired/ contingent co (253) (186) (7) - - - (7)
Investment in associates - - - - - - -
Investment in equity and preference securities (6) - - - - - -
Expenditure on property, plant and equipment, net of sale proceeds, incl (465) (285) (69) (70) (67) (84) (290)
Payment on acquisition of IPR - - - - - - -
Proceeds on sale of property, plant and equipment - - - - - - -
Loans to employees - - - - - - -
Deposits with corporations (15) (28) (40) (29) (37) (15) (121)
Redemption of deposits placed with Corporation 17 29 39 16 101
Income on investments 52 70 24 33 27 25 109
Investment in govt. bonds - - - - - - -
Investment in quoted debt securities (363) (1,555) (55) (54) (364) (313) (786)
Redemption of quoted debt securities 512 534 7 350 117 20 494
Investment in fixed maturity plan services - - - - - - -
Redemption of fixed maturity plan services - - - - - - -
Proceeds from sale of equity and preference securities 4 10 - - - - -
Investment in liquid mutual fund units and fixed maturity plan securities (4,897) (4,753) (1,598) (1,842) (1,916) (1,884) (7,240)
Redemption of mutual fund/ current investments 4,873 4,909 1,358 1,745 2,133 1,950 7,186
Investment in others (4) (9) (3) (2) (1) - (6)
Escrow and other deposits pertaining to Buyback 37 - (43) (14) - - (57)

Redemption of escrow and other deposits pertaining to Buyback

- - - 57 - - 57
Investment in certificate of deposits (156) - (34) (33) (131) (362) (560)
Investment in commercial papers - - - - - - -
Redemption of commercial papers 72 - - - - - -
Redemption of certificate of deposits 360 154 - 67 - 38 105
Proceeds from sale of other securities & Other receipts 7 10 2 2 4 2 10

Net cash used in investing activities (242) (1,129) (441) 239 (196) (607) (1,005)

FINANCING ACTIVITIES

Proceeds on issuance of shares on exercise of employee stock options 1 2 1 - 1 - 2

Repayment of borrowings - - - - - - -
Payment of lease liabilities (80) (94) (28) (29) (29) (39) (125)
Payment of dividends (includes corporate dividend tax) incl. to Minoriry
holders (1,364) (1,229) (861) - (853) - (1,714)
Buy back of shares including transaction costs (1,070) - (72) (1,431) - - (1,503)
Payment towards purchase of minority interest (7) - - - - -
Other receipts 11 6 10 12 4 32
Other payments - (2) (1) (14) (17)
Income tax benefit arising on exercise of share options - - - - - - -

Net cash used in financing activities (2,513) (1,317) (954) (1,452) (870) (49) (3,325)

Effect of exchange rate changes on cash and cash equivalents (220) 103 (46) (8) (7) (29) (90)
Net increase/(decrease) in cash and cash equivalents (144) 812 (463) (431) (280) 189 (985)
Cash and cash equivalents at the beginning of the period 2,829 2,465 3,380 2,871 2,432 2,145 3,380
Opening balance of cash and equivalents arising on consolidation on
controlled trusts - - - - - - -
Cash and cash equivalents at the end of the period 2,465 3,380 2,871 2,432 2,145 2,305 2,305

Supplementary information:
Restricted cash balance 52 69 71 71 66 62 62
Index Operating Metrics

OPERATING METRICS

FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22
1 Employee Metrics
Employees, period end
Total Employees (Consolidated) 242,371 259,619 267,953 279,617 292,067 314,015 314,015
S/W professionals 228,449 245,037 253,493 264,918 276,942 297,859 297,859
Sales & Support 13,922 14,582 14,460 14,699 15,125 16,156 16,156
Women employees (%) 37.8% 38.6% 38.8% 39.1% 39.6% 39.6% 39.6%

Voluntary Attrition % (LTM - IT Services) 17.4% 10.9% 13.9% 20.1% 25.5% 27.7% 27.7%

2 Effort (IT Services and Consulting)

Onsite-Offshore Effort Split
Onsite 28.1% 25.8% 24.1% 23.6% 23.8% 24.0% 23.8%
Offshore 71.9% 74.2% 75.9% 76.4% 76.2% 76.0% 76.2%

3 Utilization measures
IT Services and Consulting
Including trainees 80.3% 80.8% 83.3% 84.1% 82.7% 80.0% 82.4%
Excluding trainees 84.0% 84.7% 88.5% 89.2% 88.5% 87.0% 88.3%

4 Revenue segmentation
a Revenues by client geography
North America 61.5% 61.3% 61.7% 61.9% 61.8% 61.4% 61.7%
Europe 24.1% 24.2% 24.2% 24.8% 24.9% 25.2% 24.8%
India 2.6% 2.9% 2.9% 2.6% 3.0% 3.2% 2.9%
ROW 11.8% 11.6% 11.2% 10.7% 10.3% 10.2% 10.6%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

b Revenues by Business segments

Financial Services 31.5% 32.4% 33.0% 32.3% 31.5% 31.3% 32.0%
Retail 15.5% 14.7% 15.0% 14.6% 14.5% 14.3% 14.6%
Communication 13.2% 12.6% 12.2% 12.4% 12.5% 12.8% 12.5%
Energy, Utilities, Resources and Servcies 12.9% 12.5% 12.1% 11.8% 11.7% 12.0% 11.9%
Manufacturing 10.1% 9.4% 9.7% 10.9% 11.3% 11.8% 10.9%
Hi Tech 7.7% 8.5% 8.3% 8.5% 8.1% 8.2% 8.3%
Life Sciences 6.4% 6.8% 6.8% 7.1% 7.5% 6.6% 7.0%
Others 2.7% 3.1% 2.9% 2.4% 2.9% 3.0% 2.8%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

c Revenues by offering
Digital 39.2% 48.5% 53.9% 56.1% 58.5% 59.2% 57.0%
Core 60.8% 51.5% 46.1% 43.9% 41.5% 40.8% 43.0%

Services 93.9% 92.9% 92.7% 94.0% 93.4% 93.3% 93.3%

Products & platforms 6.1% 7.1% 7.3% 6.0% 6.6% 6.7% 6.7%

5 Client metrics
a Top 5 client contribution to revenues 11.6% 11.0% 11.3% 11.4% 12.0% 11.8% 11.4%
Top 10 client contribution to revenues 19.2% 18.1% 18.8% 19.4% 20.2% 19.4% 19.3%
Top 25 client contribution to revenues 34.4% 33.9% 34.4% 35.4% 35.9% 35.4% 35.1%
Number of active clients 1,411 1,626 1,659 1,714 1,738 1,741 1,741
New clients added in the period 376 475 113 117 111 110 451

b Revenue buckets
Million $ clients 718 779 805 841 854 853 853
10 Million $ clients 234 252 264 270 274 275 275
50 Million $ clients 61 59 59 62 64 64 64
100 Million $ clients 28 32 34 35 37 38 38

6 Revenue per employee- consolidated 54.1 55.2 56.6 57.3 57.9 57.7 57.7

7 Average rate of USD

AUD 0.68 0.72 0.77 0.73 0.73 0.72 0.74
EURO 1.11 1.17 1.21 1.18 1.14 1.12 1.16
GBP 1.27 1.31 1.40 1.38 1.35 1.34 1.36

8 Avg USD-INR rate 71.01 74.16 73.76 74.05 74.96 75.33 74.52
Period end USD-INR rate 75.67 73.11 74.33 74.23 74.34 75.79 75.79

9 Currency-wise revenues

USD 67.5% 66.5% 66.5% 66.7% 67.2% 66.9% 66.8%

 OPERATING METRICS Operating Metrics

FY 20 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22
GBP 4.9% 4.6% 4.8% 4.5% 4.3% 4.6% 4.5%
Euro 12.4% 13.4% 13.5% 14.0% 13.3% 13.4% 13.5%
AUD 6.8% 6.9% 6.8% 6.4% 5.9% 5.8% 6.2%

10 DSO (days) 69 71 70 66 71 67 67

11 Constant currency growth (YoY %) 9.8% 5.0% 16.9% 19.4% 21.5% 20.6% 19.7%
a By geography
North America 10.2% 5.8% 21.1% 23.1% 21.4% 18.5% 21.0%
Europe 11.8% 2.8% 12.2% 19.6% 27.2% 28.3% 22.0%
India 15.0% 21.2% 20.7% 4.2% 40.1% 29.4% 23.4%
ROW 3.7% 1.8% 4.9% 4.7% 6.7% 13.9% 7.4%

b By business segment
Financial Services 8.2% 8.2% 22.6% 20.5% 15.5% 14.1% 17.8%
Retail 3.6% -0.2% 22.2% 17.2% 19.8% 16.5% 18.3%
Communication 16.1% -0.7% 4.6% 16.6% 22.2% 29.2% 18.0%
Energy, Utilities, Resources and Servcies 12.9% 1.4% 10.5% 14.6% 13.6% 17.8% 14.4%
Manufacturing 12.2% -2.1% 18.5% 42.5% 48.4% 50.6% 40.4%
Hi Tech 11.4% 17.6% 14.8% 12.2% 18.9% 20.9% 17.2%
Life Sciences 11.0% 11.2% 21.2% 26.1% 29.2% 16.2% 23.3%
Others 7.6% 18.8% 10.2% -9.6% 36.0% 7.3% 10.6%

c Revenues by offering
Digital 37.8% 29.4% 42.1% 42.4% 42.6% 38.8% 41.2%
Core -2.9% -10.7% -3.0% -1.0% 0.6% 1.4% -0.5%

12 Large deal TCV ($ mn) 9,021 14,129 2,570 2,152 2,525 2,257 9,504

13 Consolidated cash and investments ($ mn) 3,605 5,288 5,076 4,418 4,280 4,937 4,937

For details on balances with individual Banks/FIs, pls refer to notes to accounts in IFRS financial statements at www.infosys.com
 Index

Disaggregate revenue information- Q3 23 (Dollars in millions)

Financial Energy , Utilities,

Particulars Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services Services

Revenues by Geography
North America 878 467 351 330 236 352 240 35 2,889
Europe 229 163 119 224 363 8 83 13 1,202
India 55 3 5 8 3 14 1 24 113
Rest of the world 204 34 98 41 17 2 4 55 455
Total 1,366 667 573 603 619 376 328 127 4,659

Revenue by offerings
Digital 757 440 383 383 458 241 204 64 2,930
Core 609 227 190 220 161 135 124 63 1,729
Total 1,366 667 573 603 619 376 328 127 4,659

Disaggregate revenue information- Q2 23 (Dollars in millions)

Energy , Utilities,
Financial
Particulars Services Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services

Revenues by Geography
North America 885 451 352 303 250 345 225 36 2,847
Europe 233 158 118 210 317 9 75 7 1,127
India 64 2 5 7 2 14 1 38 133
Rest of the world 208 36 86 41 14 2 5 56 448
Total 1,390 647 561 561 583 370 306 137 4,555
21.0%
Revenue by offerings
Digital 768 424 369 346 417 232 193 68 2,817
Core 622 223 192 215 166 138 113 69 1,738
Total 1,390 647 561 561 583 370 306 137 4,555

Disaggregate revenue information- Q1 23 (Dollars in millions)

Financial Energy , Utilities,

Particulars Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services Services

Revenues by Geography
North America 880 444 338 278 223 339 215 30 2,747
Europe 228 164 116 218 300 9 71 8 1,114
India 58 2 6 5 2 13 1 27 114
Rest of the world 196 35 116 48 12 2 4 56 469
Total 1,362 645 576 549 537 363 291 121 4,444

Revenue by offerings
Digital 742 413 388 337 375 226 178 51 2,710
Core 620 232 188 212 162 137 113 70 1,734
Total 1,362 645 576 549 537 363 291 121 4,444

Disaggregate revenue information- FY 22 (Dollars in millions)

Energy , Utilities,
Particulars Financial Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services
Services

Revenues by Geography
North America 3,274 1,608 1,136 996 845 1,253 828 126 10,066
Europe 905 639 483 773 884 30 295 30 4,039
India 259 12 42 21 9 55 4 78 480
Rest of the world 780 120 374 152 49 8 15 228 1,726
Total 5,218 2,379 2,035 1,942 1,787 1,346 1,142 462 16,311

Revenue by offerings
Digital 2,735 1,456 1,247 1,128 1,103 780 660 194 9,303
Core 2,483 923 788 814 684 566 482 268 7,008
Total 5,218 2,379 2,035 1,942 1,787 1,346 1,142 462 16,311

Disaggregate revenue information- Q4 22 (Dollars in millions)

Financial Energy , Utilities,

Particulars Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services Services

Revenues by Geography
North America 853 415 317 259 219 326 209 32 2,630
Europe 225 164 124 207 271 8 70 8 1,077
India 76 2 7 7 2 15 1 28 138
Rest of the world 185 32 100 41 13 2 4 58 435
 Total 1,339 613 548 514 505 351 284 126 4,280

Revenue by offerings
Digital 707 388 361 307 332 210 168 59 2,532
Core 632 225 187 207 173 141 116 67 1,748
Total 1,339 613 548 514 505 351 284 126 4,280

Disaggregate revenue information- Q3 22 (Dollars in millions)

Energy , Utilities,
Financial
Particulars Services Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services

Revenues by Geography
North America 841 418 307 260 220 319 230 32 2,627
Europe 230 163 130 197 239 7 84 8 1,058
India 66 3 6 5 2 14 1 30 127
Rest of the world 200 31 88 37 18 2 3 59 438
Total 1,337 615 531 499 479 342 318 129 4,250

Revenue by offerings
Digital 702 386 325 295 325 201 194 59 2,487
Core 635 229 206 204 154 141 124 70 1,763
Total 1,337 615 531 499 479 342 318 129 4,250

Disaggregate revenue information- Q2 22 (Dollars in millions)

Financial Energy , Utilities,

Particulars Retail Communication resources and Manufacturing Hi Tech Life Sciences Others Total
Services Services

Revenues by Geography
North America 802 397 271 244 212 316 203 31 2,476
Europe 227 155 117 188 213 7 75 7 989
India 63 3 14 5 3 14 1 1 104
Rest of the world 200 30 93 36 7 2 5 56 429
Total 1,292 585 495 473 435 339 284 95 3,998

Revenue by offerings
Digital 673 357 300 274 250 196 161 32 2,243
Core 619 228 195 199 185 143 123 63 1,755
Total 1,292 585 495 473 435 339 284 95 3,998

Disaggregate revenue information- Q1 22 (Dollars in millions)

Energy , Utilities,
Particulars Financial Retail Communication Manufacturing Hi Tech Life Sciences Others Total
Services resources and
Services

Revenues by Geography*
North America 777 378 241 234 195 292 185 31 2,333
Europe 223 156 112 181 160 7 66 8 913
India 55 4 15 4 2 12 1 18 111
Rest of the world 195 28 94 38 9 2 4 55 425
Total 1,250 566 462 457 366 313 256 112 3,782

Revenue by offerings
Digital 653 324 262 252 195 173 137 44 2,040
Core 597 242 200 205 171 140 119 68 1,742
Total 1,250 566 462 457 366 313 256 112 3,782