Exhibit 99.9
Form of Advertisement
 | Infosys Limited Regd. office: Electronics City, Hosur Road, Bangalore – 560 100, India |
Audited consolidated financial results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2013 prepared in compliance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board
(in
crore, except share and per equity share data)
| Particulars | Quarter ended
September 30, | Quarter ended
June 30, | Quarter ended
September 30, | Half-year ended September 30, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenues | 12,965 | 11,267 | 9,858 | 24,232 | 19,474 | 40,352 |
| Cost of sales | 8,384 | 7,319 | 6,102 | 15,703 | 11,912 | 25,280 |
| Gross profit | 4,581 | 3,948 | 3,756 | 8,529 | 7,562 | 15,072 |
| Selling and marketing expenses | 757 | 584 | 506 | 1,341 | 975 | 2,034 |
| Administrative expenses (1) | 987 | 700 | 653 | 1,687 | 1,297 | 2,609 |
| Operating profit | 2,837 | 2,664 | 2,597 | 5,501 | 5,290 | 10,429 |
| Other income | 510 | 577 | 706 | 1,087 | 1,182 | 2,359 |
| Profit before income taxes | 3,347 | 3,241 | 3,303 | 6,588 | 6,472 | 12,788 |
| Income tax expense | 940 | 867 | 934 | 1,807 | 1,814 | 3,367 |
| Net profit | 2,407 | 2,374 | 2,369 | 4,781 | 4,658 | 9,421 |
Paid-up equity share capital
(par value5/- each, fully paid) | 286 | 286 | 286 | 286 | 286 | 286 |
| Share premium, retained earnings and other components of equity(2) | 39,511 | 39,511 | 33,175 | 39,511 | 33,175 | 33,175 |
Earnings per share
(par value5/- each) – Refer Note 4 | | | | | | |
| Basic | 42.12 | 41.54 | 41.46 | 83.66 | 81.52 | 164.87 |
| Diluted | 42.12 | 41.54 | 41.46 | 83.66 | 81.52 | 164.87 |
| Total Public Shareholding(3) | | | | | | |
| Number of shares | 39,56,76,421 | 41,01,01,111 | 41,54,08,755 | 39,56,76,421 | 41,54,08,755 | 41,12,67,871 |
| Percentage of shareholding | 68.90 | 71.41 | 72.34 | 68.90 | 72.34 | 71.62 |
| Promoters and Promoter Group Shareholding | | | | | | |
| Pledged / Encumbered | | | | | | |
| Number of shares | – | – | – | – | – | – |
| Percentage of shares (as a % of the total shareholding of promoter and promoter group) | – | – | – | – | – | – |
| Percentage of shares (as a % of the total share capital of the Company) | – | – | – | – | – | – |
| Non-encumbered | | | | | | |
| Number of shares | 9,15,08,078 | 9,20,85,078 | 9,20,85,078 | 9,15,08,078 | 9,20,85,078 | 9,20,85,078 |
| Percentage of shares (as a % of the total shareholding of promoter and promoter group) | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Percentage of shares (as a % of the total share capital of the Company) | 15.94 | 16.04 | 16.04 | 15.94 | 16.04 | 16.04 |
| (1) | Administrative expenses for the quarter and half-year ended September 30, 2013 include a provision of219 crore towards visa related matters. |
| (2) | Represents the previous accounting year balance as required under Clause 41 of the Listing Agreement. |
| (3) | Total Public Shareholding as defined under Clause 40A of the Listing Agreement excludes shares held by founders and American Depository Receipt Holders. |
| 1. | The audited consolidated financial statements for the quarter and half-year ended September 30, 2013 have been taken on record by the Board of Directors at its meeting held on October 11, 2013. The statutory auditors have expressed an unqualified audit opinion. The information presented above is extracted from the audited consolidated financial statements. The consolidated financial statements are prepared in accordance with the International Financial Reporting Standards as issued by International Accounting Standards Board (IFRS). |
| 2. | Mr. Leo Puri, independent director, and Mr. Ashok Vemuri, a whole-time director, resigned from the Board with effect from August 14, 2013 and September 12, 2013, respectively. The Board expressed its appreciation for the services rendered by Mr. Leo Puri and Mr. Ashok Vemuri during their tenure. |
| 3. | The Hon'ble High Court of Karnataka sanctioned the scheme of amalgamation of Infosys Consulting India Limited (ICIL) with Infosys Limited with an effective date of August 23, 2013 and an appointed date of January 12, 2012. ICIL was a wholly-owned subsidiary of Infosys Limited and was engaged in software related consultancy services. The merger of ICIL into Infosys Limited has been accounted for under pooling of interest method referred to in Accounting Standard 14, Accounting for Amalgamation (AS-14). |
| 4. | EPS for the quarter and half-year ended September 30, 2013 is45.96 per share and87.50 per share respectively, excluding the provision of219 crore for visa related matters. EPS for the quarter and half-year ended September 30, 2013 is42.12 per share and83.66 per share, including the provision of219 crore for visa related matters. The difference is3.84 per share. |
| 5. | Information on dividends for the quarter and half-year ended September 30, 2013 |
The Board declared an interim dividend of20/- per equity share. The record date for the payment of interim dividend is October 18, 2013. The interim dividend will be paid on October 21, 2013. The interim dividend declared in the previous year was15/- per equity share.
(in )
| Particulars | Quarter ended
September 30, | Quarter ended
June 30, | Quarter ended
September 30, | Half-year ended September 30, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Dividend per share (par value5/- each) | | | | | | |
| Interim dividend | 20.00 | – | 15.00 | 20.00 | 15.00 | 15.00 |
| Final dividend | – | – | – | – | – | 27.00 |
| Total dividend | 20.00 | – | 15.00 | 20.00 | 15.00 | 42.00 |
The final dividend of27/- per equity share for fiscal 2013 was approved by the shareholders at the Annual General Meeting of the Company held on June 15, 2013 and the same was paid on June 17, 2013.
| 6. | Other information (Consolidated – Audited |
(in crore)
| Particulars | Quarter ended
September 30, | Quarter ended
June 30, | Quarter ended
September 30, | Half-year ended September 30, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Staff costs | 7,704 | 6,513 | 5,432 | 14,217 | 10,692 | 22,566 |
| Items exceeding 10% of aggregate expenditure | – | – | – | – | – | – |
| Details of other income : | | | | | | |
| Interest on deposits with banks and others | 522 | 515 | 432 | 1,037 | 912 | 1,792 |
| Income from available-for-sale financial assets / investments | 62 | 42 | 63 | 104 | 89 | 230 |
| Miscellaneous income, net | 12 | 7 | 54 | 19 | 58 | 79 |
| Gains / (losses) on foreign currency | (86) | 13 | 157 | (73) | 123 | 258 |
| Total | 510 | 577 | 706 | 1,087 | 1,182 | 2,359 |
| 7. | Audited financial results of Infosys Limited (Standalone information |
(in crore)
| Particulars | Quarter ended
September 30, | Quarter ended
June 30, | Quarter ended
September 30, | Half-year ended September 30, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenues | 11,482 | 9,959 | 9,129 | 21,441 | 18,038 | 36,765 |
| Profit before exceptional items and tax | 3,208 | 3,076 | 3,155 | 6,284 | 6,202 | 12,274 |
| Profit before tax | 3,208 | 3,076 | 3,238 | 6,284 | 6,285 | 12,357 |
| Profit for the period | 2,326 | 2,250 | 2,342 | 4,576 | 4,546 | 9,116 |
Note : The audited results of Infosys Limited for the above mentioned periods are available on our website,www.infosys.com. The information above has been extracted from the audited financial statements as stated.
| 8. | Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter ended September 30, 2013 |
| Nature of complaints received | Opening balance | Additions | Disposal | Closing balance |
| Non receipt of dividend / Annual report related | – | 145 | 145 | – |
| 9. | Consolidated statement of assets and liabilities (IFRS Consolidated Audited) |
(in crore)
| Particulars | As at |
| | September 30, 2013 | March 31, 2013 |
| EQUITY AND LIABILITIES | | |
| Shareholders' funds | | |
| Share capital | 286 | 286 |
| Reserves and surplus | 42,913 | 39,511 |
| | 43,199 | 39,797 |
| Minority interests | – | – |
| Non-current liabilities | | |
| Deferred tax liabilities | 70 | 119 |
| Other long-term liabilities | 276 | 149 |
| | 346 | 268 |
| Current liabilities | | |
| Trade payables | 100 | 189 |
| Other current liabilities | 8,487 | 5,884 |
| Short-term provisions | 443 | 213 |
| | 9,030 | 6,286 |
| TOTAL – EQUITY AND LIABILITIES | 52,575 | 46,351 |
| ASSETS | | |
| Non-current assets | | |
| Fixed assets | 7,401 | 6,836 |
| Goodwill on consolidation | 2,201 | 1,976 |
| Non-current investments | 1,031 | 394 |
| Deferred tax assets | 555 | 503 |
| Other non-current assets | 1,577 | 1,329 |
| | 12,765 | 11,038 |
| Current assets | | |
| Current investments | 3,338 | 1,739 |
| Trade receivables | 8,343 | 7,083 |
| Cash and cash equivalents | 22,543 | 21,832 |
| Other current assets | 5,586 | 4,659 |
| | 39,810 | 35,313 |
| TOTAL – ASSETS | 52,575 | 46,351 |
Note : The above disclosure is in compliance with Clause 41(V)(h) and Annexure IX of the Listing Agreement. The disclosure is an extract of the audited IFRS Consolidated Balance Sheet as at September 30, 2013.
(in crore)
| Particulars | Quarter ended
September 30, | Quarter ended
June 30, | Quarter ended
September 30, | Half-year ended September 30, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenue by industry segment | | | | | | |
| Financial services and insurance (FSI) | 4,333 | 3,798 | 3,317 | 8,131 | 6,619 | 13,680 |
| Manufacturing (MFG) | 3,005 | 2,539 | 2,178 | 5,544 | 4,298 | 8,888 |
| Energy, utilities, communication and services (ECS) | 2,495 | 2,147 | 1,994 | 4,642 | 3,909 | 8,129 |
| Retail, consumer packaged goods, logistics and life sciences (RCL) | 3,132 | 2,783 | 2,369 | 5,915 | 4,648 | 9,655 |
| Total | 12,965 | 11,267 | 9,858 | 24,232 | 19,474 | 40,352 |
| Less : Inter-segment revenue | – | – | – | – | – | – |
| Net revenue from operations | 12,965 | 11,267 | 9,858 | 24,232 | 19,474 | 40,352 |
| Segment profit before tax, depreciation and non-controlling interests : | | | | | | |
| Financial services and insurance (FSI) | 1,145 | 1,095 | 1,040 | 2,240 | 2,067 | 4,139 |
| Manufacturing (MFG) | 626 | 584 | 607 | 1,210 | 1,242 | 2,304 |
| Energy, utilities, communication and services (ECS) | 710 | 601 | 487 | 1,311 | 1,033 | 2,259 |
| Retail, consumer packaged goods, logistics and life sciences (RCL) | 689 | 704 | 739 | 1,393 | 1,479 | 2,860 |
| Total | 3,170 | 2,984 | 2,873 | 6,154 | 5,821 | 11,562 |
| Less : Other unallocable expenditure | 333 | 320 | 276 | 653 | 531 | 1,133 |
| Add : Unallocable other income | 510 | 577 | 706 | 1,087 | 1,182 | 2,359 |
| Profit before tax and non-controlling interests | 3,347 | 3,241 | 3,303 | 6,588 | 6,472 | 12,788 |
Notes on segment information
Principal segments
The Company's operations predominantly relate to providing technology services, which are delivered to clients globally, and operating in various industry segments. Accordingly, revenues represented along industries served constitute the primary basis of the segmental information set out above.
Segmental capital employed
Assets and liabilities used in the Company's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
Bangalore, India October 11, 2013 | By order of the Board for Infosys Limited S. D. Shibulal Chief Executive Officer and Managing Director |
The Board has also taken on record the unaudited consolidated results of Infosys Limited and its subsidiaries for the three months and six months ended September 30, 2013, prepared as per International Financial Reporting Standards (IFRS). A summary of the financial statements is as follows :
(in US$ million, except per ADS data)
| Particulars | Quarter ended
September 30, | Quarter ended
June 30, | Quarter ended
September 30, | Half-year ended September 30, | Year ended March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenues | 2,066 | 1,991 | 1,797 | 4,057 | 3,549 | 7,398 |
| Cost of sales | 1,337 | 1,296 | 1,114 | 2,633 | 2,173 | 4,637 |
| Gross profit | 729 | 695 | 683 | 1,424 | 1,376 | 2,761 |
| Net profit | 383 | 418 | 431 | 801 | 847 | 1,725 |
Earnings per American Depositary
Share (ADS)(1) | | | | | | |
| Basic | 0.67 | 0.73 | 0.75 | 1.40 | 1.48 | 3.02 |
| Diluted | 0.67 | 0.73 | 0.75 | 1.40 | 1.48 | 3.02 |
| Total assets | 8,397 | 8,130 | 7,879 | 8,397 | 7,879 | 8,539 |
| Cash and cash equivalents including available-for-sale financial assets (current) and certificates of deposit | 4,133 | 3,968 | 4,257 | 4,133 | 4,257 | 4,341 |
| (1) | EPS for the quarter and half-year ended September 30, 2013 is $0.73 per share and $1.46 per share, respectively, excluding the provision of $35 million for visa related matters. EPS for the quarter and half-year ended September 30, 2013 is $0.67 per share and $1.40 per share, including the provision of $35 million for visa related matters. The difference is $0.06 per share. |
Statements in connection with this release may include forward-looking statements within the meaning of U.S. 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, 2013, 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, unless required by law.
