Archive for July 15th, 2014
Tackling Asia’s Customer Experience Management Challenges
SINGAPORE, July 11, 2014 /PRNewswire/ — In a world of rising customer expectations, greater customer choice and increased transparency, businesses are facing fiercer competition.
According to a recent study, 95% of business managers in Asia said customer experience management will be important to their organisation in 2014. 59% of organisations already have a comprehensive CEM programmes in place. Being able to differentiate your company and gain business advantage through CEM has become a truly urgent priority for many businesses.
IQPC is proud to announce the return of the region’s most anticipated event on CEM – 2nd annual Customer Experience Management Asia Summit (www.customerexperienceasia.com).
Returning from an incredibly successful launch last year, the summit has been carefully designed to help senior CEM professionals navigate the rapidly evolving Asian customer landscape to build a customer-centric culture, unlock customer insights and new revenue streams with social media and big data, and enhance customer advocacy via integrated omni-channel.
This year, in order to ensure a fruitful discussion, we have included an unprecedented C-level conversation panel, designated B2B/B2C streams, five different themed workshops and interactive roundtable discussions. In addition, you will hear first-hand insights from New York Times bestselling author, Ron Kaufman, and more than 30 global and regional CEM pioneers, such as Donna Peeples, Chief Customer Officer at AIG, Amy Shi-Nash, Chief of Data Scientist
R&D Lab at Singtel, Rimzie Ismail, Head of Customer Affairs & Service Initiatives at Dubai Airport, Anna-Karin Birnik, Head Brand Experience, Standard Chartered Bank and many more.
The technology underpinning the CEM space is another huge area for learning. At the summit, you can update yourself on the latest innovations and benchmark your practices with you regional counterparts.
Do not miss this opportunity to network with international and regional experts, forge new relationships and equip yourself with knowledge and skills to drive CEM and foster long-term success for your organisation.
Registration for Customer Experience Management Asia Summit is now open atwww.customerexperienceasia.com. The full programme is also available for download. In addition, visitors can access the full speaker list. For further information, contact enquiry@iqpc.com.sg.
Event: 2nd annual Customer Experience Management Asia Summit
Dates: 13-16 October 2014
Venue: Amara Sanctuary Resort Sentosa, Singapore
Website: www.customerexperienceasia.com
Supermicro(R) Highlights MicroBlade, SuperBlade(R), FatTwin(TM), SuperStorage DCO and EX DP 32/48 DIMM Server Solutions at Microsoft WPC 2014
WASHINGTON /PRNewswire/ — Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing will highlight a range of MicroBlade, SuperBlade® SuperServer® and SuperStorage solutions certified for Windows Server 2012 R2 this week at the Microsoft Worldwide Partner Conference (WPC) in Washington, D.C. At the show, Supermicro will promote server and storage solutions optimized for Enterprise, Cloud, Big Data, Data Center and HPC, enabling Microsoft Partners to drive growth and accelerate business opportunities. Attendees can visit Supermicro at booth #800 to learn key advantages of the 6U MicroBlade, 7U SuperBlade®, 4U FatTwin™, 2U Cluster-in-a-Box (CiB), 2U 12Gb/s SAS 3.0 SuperStorage, 1U DCO and 2U dual-node EX DP 32/48 DIMM SuperServer® platforms, and how they offer unrivaled performance, energy efficiency and reliability for the most demanding, mission critical applications. Visitors can also learn more about Supermicro’s Global Service and Support programs and coming 36 acre Green Computing Park expansion at their Silicon Valley headquarters in San Jose, California.
“Supermicro’s Windows Server 2012 R2 certified MicroBlade, SuperBlade, SuperServer and SuperStorage platforms deliver Microsoft Partners the most comprehensive and Green set of complete solutions on the market,” said Charles Liang, President and CEO of Supermicro. “Extensive validation across our new 6U MicroBlade, advanced 7U SuperBlade, 4U FatTwin, 2U CiB, 2U SuperStorage, 1U DCO and 2U dual-node EX DP 32/48 DIMM SuperServer platforms provide a wide range of configurations optimized to exactly match any application requirement and accelerate deployment for new business opportunities. In addition, our aggressive investment and expansion in engineering, production, service and support programs provides the Microsoft Partner community with leading edge Green Computing technologies and world class customer care.”
“Microsoft welcomes Supermicro as a sponsor and provider of Green Computing technologies at our 2014 Worldwide Partner Conference in Washington, D.C.,” said Jordan Chrysafidis, vice president of US OEM sales and marketing, Microsoft Corp. “With a focus on providing solutions to our partner network that drive business growth in the growing Cloud, Big Data, Enterprise and Mobility markets, Supermicro offers a unique server and storage product line that blends performance, density and flexibility with maximized energy efficiency. With these advantages, our partners can rapidly configure and deploy highly cost-effective green computing infrastructure solutions to their customers worldwide.”
http://photos.prnewswire.com/prnvar/20140712/126499
SuperServer® and SuperStorage Specifications
- 6U MicroBlade — up to 112x Intel® Atom™ processor C2000 based server nodes in 6U enclosure with 40Gb/s, 10Gb/s, 2.5Gb/s Ethernet switches and Redundant Platinum Level (95%+) Digital Power Supplies
- 7U SuperBlade® — up to 20x dual-socket Intel® Xeon® processor E5-2600 v2 based server nodes (TwinBlade®) or 10x quad-socket Intel® Xeon® processor E5-4600 v2 based server nodes in 7U enclosure with 56Gb/s FDR InfiniBand, 10Gb/s Ethernet, and FCoE switches and Redundant Platinum Level Power Supplies
- 4U FatTwin™ (SYS-F627R3-RTB+) — 4x nodes each featuring dual Intel® Xeon® processor E5-2600 v2 family, up to 1TB ECC DDR3, up to 1866MHz; 16x DIMM sockets, 8x 3.5″ hot-swap SATA HDD Bays, 1x PCI-E 3.0 x16 (LP) + 1 Micro LP, 2x GbE LAN ports, IPMI 2.0 remote server management via dedicated LAN port, Redundant 1280W Platinum Level (95%) Digital Power Supplies
- 2U/3U Cluster-in-a-Box (CiB) — (SSG-2027B-CIB020H) 2U dual-node, 24x 2.5″ hot-swap bays, each node supporting dual Intel® Xeon® E5-2403 v2 processors, 64GB, 20x 1TB nearline SAS HDDs, 4x 200GB SSDs, single SAS2 JBOD expansion port; (SSG-6037B-CIB032) 3U dual-node, 16x 3.5″ hot-swap HDD bays, each node supporting dual Intel® Xeon® E5-2403 v2 processors, 32GB, 8x 4TB nearline SAS HDDs, dual SAS2 JBOD expansion ports
- 2U SuperStorage (SSG-2027R-E1CR24L) — dual Intel® Xeon® processor E5-2600 v2 family, up to 1TB ECC DDR3, up to 1866MHz in 16x DIMMs, 24x 2.5″ hot-swap SAS3/SATA3 HDD Bays (SAS3 via LSI 3008 HBA), 6x PCI-E 3.0 x8 (LP, HL); Slots 1 & 2 occupied by HBA, JBOD expansion port, 2x GbE LAN ports, IPMI 2.0 remote server management via dedicated LAN port, Redundant 920W Platinum Level (94%+) Power Supplies
- 1U Data Center Optimized (DCO) — (SYS-6017R-MTLF) dual Intel® Xeon® processor E5-2600 v2 family, up to 512GB ECC DDR3, up to 1866MHz in 8x DIMMs, 4x hot-swap 3.5″ SATA HDD Bays, 1x PCI-E 3.0 x8 FHHL Expansion slot, dual GbE ports, IPMI 2.0 remote server management via dedicated LAN port, 440W Platinum Level High-efficiency Power Supply SYS-6017R-MTLF-BULK available as Cost Optimized, Bulk Packing – 10 systems in one carton
- 2U Dual-Node EX DP 32/48 DIMM SuperServer® (SYS-2028UT-BTNRT) — supports dual Intel® Xeon® processor E7-8800 v2 / E7-4800 v2 / E7-2800 v2 family (15-Core), w/ QPI up to 8.0 GT/s, 2x NVMe HDD bays and 8x hot-swap 2.5″ SATA3 HDD bays, up to 2TB ECC DDR3, up to 1600MHz in 32x DIMMs, 2x PCI-E 3.0 x16 FH/HL slots, 1x PCI-E 3.0 x8 MicroLP card, dual 10GBase-T ports, Redundant 1280W Platinum Level (95%+) Digital Power Supplies
Visit Supermicro at the Microsoft Worldwide Partner Conference (WPC) in Washington D.C., July 13th through the 17th at the Walter E. Washington Convention Center (WEWCC), Booth #800. For more information on Supermicro’s complete range of high performance, high-efficiency Server, Storage and Networking solutions, visit www.supermicro.com.
Follow Supermicro on Facebook and Twitter to receive their latest news and announcements.
About Super Micro Computer, Inc.
Supermicro® (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.
Supermicro, Building Block Solutions and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names and trademarks are the property of their respective owners.
SMCI-F
Related stocks: NASDAQ-NMS:SMCI
The Trophy Enters the Pitch in the Official Louis Vuitton Trunk, Escorted by Gisele Bundchen and 2010 FIFA World Cup Champion Carles Puyol
RIO DE JANEIRO /PRNewswire/ — The FIFA™ World Cup Final. This evening, the FIFA™ World Cup Trophy arrived on the pitch of the Maracana Stadium in Brazil protected by a specially commissioned Louis Vuitton trunk. It was escorted by two world-class celebrities: Carles Puyol, the 2010 FIFA World Cup Champion and Brazilian-born top model Gisele Bundchen, who wore a Louis Vuitton outfit from the 2015 Cruise Collection.
To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/71400583-louis-vuitton
Carles Puyol carried the precious Trophy onto the pitch of the Maracana Stadium in the minutes before the Final match began. He transported it in a tailored Louis Vuitton trunk, specially created for the event, placing it on the podium under the watchful gaze of 78,000 spectators. He was accompanied by the top model and Louis Vuittonambassador, Gisele Bundchen.
“It was a great honor to represent my country and the people of Brazil in this celebration carrying the LV FIFA Trophy Case. It’s beautiful to see how sport has the power to bring the world together. I am so grateful to be part of this moment. Thank you all Brazilians who have welcomed the world with all their joy and loving spirit,”declared Gisele Bundchen.
In keeping with tradition, the FIFA World Cup Trophy was returned to the pitch by a representative of the defending champions. Thus Spain, 2010 winners and represented by Carles Puyol, was able to share a final triumphal moment with the Trophy before the kick-off of the 2014 final match between Germany and Argentina.
In just a few days, the FIFA World Cup Trophy and its official Louis Vuitton trunk will leave Brazil for the home country of the new World Champions.
About Louis Vuitton
Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming for the finest quality. Today, the Maison remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewelry and stationery. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.
For more information: http://www.louisvuitton.com
TMF Group Signs Agreement to Acquire KCS Limited
LONDON /PRNewswire/ —
Significant step in expansion of TMF Group’s operations in Asia Pacific
TMF Group, a leading provider of high value Outsourced Business Services to clients operating and investing globally, is pleased to announce it has agreed to purchase KCS Limited – the leading independent pan-Asian corporate services provider specialising in corporate accounting, corporate secretarial and payroll services – from UCL Asia Partners, L.P.
(Logo: http://photos.prnewswire.com/prnh/20140714/696978)
Originally founded in 1946, KCS Limited was acquired by UCL Asia Partners, L.P. in 2003 following its spin-off from KPMG. Since then, KCS Limited has grown from 43 employees working from a single Hong Kong office to 470 employees, spanning 14 locations in eight countries/regions, through a combination of strategic acquisitions and organic growth.
The acquisition will strengthen TMF Group’s existing platform in Asia Pacific, increasing the breadth and depth of TMF Group’s Outsourced Business Services offering in the region and enabling significant future growth.
TMF Group funded the acquisition from existing resources. The financial terms of the transaction have not been disclosed.
Tom Corkhill, Chief Executive of KCS Limited, commented:
“This deal marks an important stage in the development of our business. Combining our specialist skills, local knowledge and high quality client base with TMF Group’s truly global footprint is hugely exciting for both us and our clients who will now have the ideal partner to help them expand internationally into over 75 countries worldwide.”
Hugo van Vredenburch, Chief Executive of TMF Group, added:
“Asia Pacific is a key growth area for our business. This acquisition builds on our existing portfolio of services and provides an excellent operational fit, with KCS Limited and TMF Group providing critical and high value-add Outsourced Business Services from many of the same locations.“
“The transaction will bring significant benefits to both our businesses and extend TMF Group’s reach in the Chinese market, giving us unrivalled service capability in the region. I am delighted to welcome Tom and the team to TMF Group and look forward to working with them.”
UCL Asia Partners, L.P., added:
“We are very pleased that KCS will become a part of TMF Group. Under the guidance of Chairman Iain Bruce and Chief Executive Tom Corkhill and their senior management team, the business has established a position as one of the key players in the industry. TMF Group provides a perfect fit with KCS and we are particularly pleased that TMF Group is focussed on maintaining the KCS ethos and culture. UCL Asia was advised by Citigroup led byWill McLane and Gibson, Dunn & Crutcher led by Graham Winter. We wish everyone at KCS and TMF Group continuing success.”
About TMF Group:
TMF Group is a leading global provider of high value business services to clients operating and investing globally. It focuses on providing highly specialised and business-critical financial, legal and human resource administrative services that enable clients to outsource their back office functions and operate their corporate structures, finance vehicles and investment funds in different geographical locations. TMF Group has operations in more than 75 countries across the Americas, Asia Pacific, Europe and the Middle East. The company is majority owned by Doughty Hanson, one of the largest independent private equity firms in Europe, which acquired it in 2008.
About KCS Limited:
Founded in 1946, KCS Limited is the leading (since 2003) independent pan-Asian corporate services provider specialising in corporate accounting, corporate secretarial and payroll services. Headquartered in Hong Kong, the company has 470 employees, spanning 14 locations in eight countries/regions.
Infosys Announces Results for the Quarter Ended June 30, 2014
BANGALORE, India /PRNewswire/ —
Q1 revenue growth at 7.1% YoY in USD terms;
Q1 EPS at $ 0.84; YoY growth of 15.1%;
FY 15 revenues expected to grow 7%-9% in USD terms
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2014
Quarter ended June 30, 2014
- Revenues were $ 2,133 million for the quarter ended June 30, 2014
QoQ growth was 2.0%
YoY growth was 7.1% - Net profit was $ 482 million for the quarter ended June 30, 2014
QoQ growth was (1.0%)
YoY growth was 15.3% - Earnings per share (EPS) was $ 0.84 for the quarter ended June 30, 2014
QoQ growth was (1.2%)
YoY growth was 15.1% - Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $ 4,943 million as on June 30, 2014 as compared to $ 5,048 millionas on March 31, 2014
(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )
Other Highlights
Infosys and its subsidiaries
- Added 61 clients during the quarter
- Added 11,506 employees (gross) during the quarter
161,284 employees as on June 30, 2014 for Infosys and its subsidiaries
“We continue to enjoy the confidence of our clients by demonstrating superior execution capability and value realization,” said S. D. Shibulal, CEO and Managing Director. “As I transition the CEO mantle to Vishal, I am confident that he will leverage this strong foundation to take Infosys to greater heights. I wish him the very best.”
“We saw positive trends in our large deal wins during the quarter. We believe that this momentum will hold us in good stead as we focus on increasing volumes,” said U. B. Pravin Rao, COO. “Employee attrition rates are worrisome and we are implementing various initiatives to retain good talent.”
“We improved operational performance as a result of our cost optimization initiatives and a focus on increasing productivity and utilization. This partially offset the impact of compensation increases for our employees this quarter,” said Rajiv Bansal, CFO. “It will help us invest in areas that will accelerate growth.”
Outlook*
The company’s outlook (consolidated) for the fiscal year ending March 31, 2015, under IFRS is as follows:
- Revenues are expected to grow 7%-9%
Business Highlights
- We partnered with a global automotive leader to engineer new concepts in driver awareness and safety telematics. The core principles of the proof of concept were to reduce driver distraction, manage driver load and allow passengers to enable drivers with online navigation capabilities
- We launched a cloud-based version of our Clinical Trial Supply Management solution to help life sciences companies enhance the efficiency of clinical trial processes and drive greater collaboration between pharmaceutical companies and contract research organizations
- Our consulting practice continues to deliver innovative solutions for our clients. A leading insurance company has engaged us to develop a smartphone app that allows parents to set up a simple app-based driving agreement with their teenage drivers. The app helps establish where, when and how fast the teen can drive and the teen driver can earn “safe mile” points that can be accumulated and redeemed for rewards
- We continue to make significant progress in our efforts to accelerate the digital transformation of our clients. Our Cloud and Big Data business has executed over 260 engagements till date and won over 20 new engagements over the past quarter
- We were engaged by a leading pharmaceutical company to develop a B2C Android app to promote their anti-nicotine initiative. A leading developer of video games partnered with us to design, build and sustain a platform for mobile gaming that presents gamers with a connected experience integrated with social networking platforms
- Finacle™ sustained its growth momentum with 9 new wins and 13 go lives across the world. Eastern Bank, the largest and oldest mutually owned bank in the United States, selected Finacle e-banking, mobile banking, and enterprise alert solutions to make banking easier for its customers and drive growth. FONDEP, one of Morocco’s leading microfinance institutions, chose Infosys Finacle for its strategic core banking transformation program
- Infosys Public Services Inc. was engaged to improve member service for a National Medicaid and Medicare Plan and reduce operations costs by rationalizing their technology landscape. We migrated their Medicare Advantage administrative systems to the TriZetto FACETS™ platform in a managed capacity model
- Our products and platforms business has seen good traction over the quarter. A large Europe-based multinational financial services company, now opening its doors to digital consumers, selected BrandEdge to reassess its growth strategies. A leading sports apparel and accessories trading company in Indiaselected InteractEdge to design and launch the first omni-channel eCommerce website in the country
- We applied for 5 unique patents, in India and the USA, during the fourth quarter, adding to a total of 523 unique patent applications in various stages of patent prosecution in India, the USA and other jurisdictions. So far we have been granted 177 patents by the United States Patent and Trademark Office, 3 patents by the Luxembourg Patent Office and 1 patent by the Australian Patent Office
Awards and Recognition
- The Indo-American Chamber of Commerce recognized Infosys for Excellence in Innovation and Excellence in Environment, Health & Safety
- Infosys Public Services won the ‘Hottest Government Contractor’ honor on June 24, 2014 at the 13th annualNorthern Virginia Technology Council (NVTC) ‘Hot Ticket Awards’ for developing innovative solutions to help the government
- Infosys Public Services was ranked 16th in the 2014 Healthcare Informatics 100, and in the top 20 for three years in a row, based on revenues from healthcare IT products and services
- Infosys was recognized as a winner in the 2014 Simulating Reality contest organized by MSC Software. The winning team from Infosys used MSC’s simulation technologies to better diagnose osteoporosis and accurately quantify fracture risk
- Infosys was named a major player for providing professional services to the Oil and Gas Industry by IDC Energy Insights
- During the quarter, Infosys Finacle™ won five international banking excellence awards in partnership with its clients at the annual Asian Banker Awards 2014. These included two awards each for core banking and channel solutions implementation, and one award for its treasury management implementation
- Infosys BPO won the 2014 Golden Peacock National Training Award. It was also declared a winner at the National Institution for Quality and Reliability Awards in India
- Infosys BPO and Procter & Gamble jointly won the 2014 Outsourcing Excellence Award
- Infosys bagged four awards at the KCG Analyst Choice Awards
About Infosys Ltd
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 160,000+ employees, is Building Tomorrow’s Enterprise® today.
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and on Form 6-K for the quarter ended December 31, 2013. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)
|
June 30, 2014 |
March 31, 2014 |
|
|
ASSETS |
||
|
Current assets |
||
|
Cash and cash equivalents |
4,164 |
4,331 |
|
Available-for-sale financial assets |
467 |
367 |
|
Investment in certificates of deposit |
97 |
143 |
|
Trade receivables |
1,524 |
1,394 |
|
Unbilled revenue |
493 |
469 |
|
Derivative financial instruments |
16 |
36 |
|
Prepayments and other current assets |
483 |
440 |
|
Total current assets |
7,244 |
7,180 |
|
Non-current assets |
||
|
Property, plant and equipment |
1,354 |
1,316 |
|
Goodwill |
359 |
360 |
|
Intangible assets |
54 |
57 |
|
Available-for-sale financial assets |
216 |
208 |
|
Deferred income tax assets |
109 |
110 |
|
Income tax assets |
252 |
254 |
|
Other non-current assets |
37 |
37 |
|
Total non-current assets |
2,381 |
2,342 |
|
Total assets |
9,625 |
9,522 |
|
LIABILITIES AND EQUITY |
||
|
Current liabilities |
||
|
Trade payables |
17 |
29 |
|
Current income tax liabilities |
441 |
365 |
|
Client deposits |
7 |
6 |
|
Unearned revenue |
143 |
110 |
|
Employee benefit obligations |
175 |
159 |
|
Provisions |
62 |
63 |
|
Other current liabilities |
811 |
792 |
|
Total current liabilities |
1,656 |
1,524 |
|
Non-current liabilities |
||
|
Deferred income tax liabilities |
10 |
11 |
|
Other non-current liabilities |
59 |
54 |
|
Total liabilities |
1,725 |
1,589 |
|
Equity |
||
|
Share capital- `5 ($0.16) par value 600,000,000 |
||
|
equity shares authorized, issued and outstanding |
||
|
571,402,566 each, net of 2,833,600 treasury shares |
||
|
each as of June 30, 2014 and March 31, 2014, |
||
|
respectively |
64 |
64 |
|
Share premium |
704 |
704 |
|
Retained earnings |
8,895 |
8,892 |
|
Other components of equity |
(1,763) |
(1,727) |
|
Total equity attributable to equity holders of the |
||
|
Company |
7,900 |
7,933 |
|
Non-controlling interests |
– |
– |
|
Total equity |
7,900 |
7,933 |
|
Total liabilities and equity |
9,625 |
9,522 |
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)
|
Three months |
Three months |
|
|
ended June 30, |
ended June |
|
|
2014 |
30, 2013 |
|
|
Revenues |
2,133 |
1,991 |
|
Cost of sales |
1,344 |
1,296 |
|
Gross profit |
789 |
695 |
|
Operating expenses: |
||
|
Selling and marketing expenses |
111 |
103 |
|
Administrative expenses |
142 |
124 |
|
Total operating expenses |
253 |
227 |
|
Operating profit |
536 |
468 |
|
Other income, net |
139 |
103 |
|
Profit before income taxes |
675 |
571 |
|
Income tax expense |
193 |
153 |
|
Net profit |
482 |
418 |
|
Other comprehensive income |
||
|
Items that will not be reclassified to profit or |
||
|
Loss: |
||
|
Re-measurement of the net defined benefit |
||
|
liability/(asset) |
(3) |
1 |
|
Items that may be reclassified subsequently to |
||
|
profit or loss: |
||
|
Fair value changes on available-for-sale |
||
|
financial asset |
3 |
– |
|
Exchange differences on translation of foreign |
||
|
operations |
(36) |
(619) |
|
Total other comprehensive income, net of tax |
(36) |
(618) |
|
Total comprehensive income |
446 |
(200) |
|
Profit attributable to: |
||
|
Owners of the company |
482 |
418 |
|
Non-controlling interests |
– |
– |
|
482 |
418 |
|
|
Total comprehensive income attributable to: |
||
|
Owners of the company |
446 |
(200) |
|
Non-controlling interests |
– |
– |
|
446 |
(200) |
|
|
Earnings per equity share |
||
|
Basic ($) |
0.84 |
0.73 |
|
Diluted ($) |
0.84 |
0.73 |
|
Weighted average equity shares used in computing |
||
|
earnings per equity share |
||
|
Basic |
571,402,566 |
571,402,566 |
|
Diluted |
571,402,566 |
571,402,566 |
NOTE:
1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim Statements of Comprehensive Income for the three months ended June 30, 2014 have been taken on record at the Board meeting held on July 11, 2014
2. A Fact Sheet providing the operating metrics of the company can be downloaded from http://www.infosys.com
Downloads
Contact
Investor Relations
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91(80)4156-3373
Sarah_Gideon@Infosys.com
Tara Kozak-Lindsay,
Golin Harris for Infosys
+1(212)373-6020
TKozakLindsay@GolinHarris.com
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