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 nine months ended December 31, 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 December 31, | Quarter ended September 30, | Quarter ended December 31, | Nine months ended
December 31, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenues | 13,026 | 12,965 | 10,424 | 37,258 | 29,898 | 40,352 |
| Cost of sales | 8,321 | 8,384 | 6,566 | 24,024 | 18,478 | 25,280 |
| Gross profit | 4,705 | 4,581 | 3,858 | 13,234 | 11,420 | 15,072 |
| Selling and marketing expenses | 644 | 757 | 541 | 1,985 | 1,516 | 2,034 |
| Administrative expenses(1) | 802 | 987 | 640 | 2,489 | 1,937 | 2,609 |
| Operating profit | 3,259 | 2,837 | 2,677 | 8,760 | 7,967 | 10,429 |
| Other income, net | 731 | 510 | 503 | 1,818 | 1,685 | 2,359 |
| Profit before income taxes | 3,990 | 3,347 | 3,180 | 10,578 | 9,652 | 12,788 |
| Income tax expense | 1,115 | 940 | 811 | 2,922 | 2,625 | 3,367 |
| Net profit | 2,875 | 2,407 | 2,369 | 7,656 | 7,027 | 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) | | | | | | |
| Basic | 50.32 | 42.12 | 41.47 | 133.99 | 122.99 | 164.87 |
| Diluted | 50.32 | 42.12 | 41.47 | 133.99 | 122.99 | 164.87 |
| Total Public Shareholding(3) | | | | | | |
| Number of shares | 39,26,38,755 | 39,56,76,421 | 42,36,93,242 | 39,26,38,755 | 42,36,93,242 | 41,12,67,871 |
| Percentage of shareholding | 68.37 | 68.90 | 73.78 | 68.37 | 73.78 | 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 | 9,15,08,078 | 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 | 15.94 | 16.04 | 15.94 | 16.04 | 16.04 |
| (1) | Administrative expenses for the nine months ended December 31, 2013 include a charge of219 crore towards visa related matters (including legal cost). |
| (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 nine months ended December 31, 2013 have been taken on record by the Board of Directors at its meeting held on January 10, 2014. 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 (IFRS) as issued by the International Accounting Standards Board.
Changes to the Board
2.The Board of Directors appointed Ms. Kiran Mazumdar-Shaw as an Additional (Independent) Director and Mr. U. B. Pravin Rao as an Additional and Whole-time Director. Both the appointments are effective January 10, 2014.
3.Mr. Deepak M Satwalekar, Independent Director retired from the Board effective November 13, 2013 and Mr. V. Balakrishnan, Whole-time Director resigned from the Board and services of the Company effective December 31, 2013. The Board expressed its appreciation for the services rendered by Mr. Satwalekar and Mr. Balakrishnan during their tenure.
4.In accordance with the retirement policy for the Company's Board of Directors, Mr. David L Boyles, Independent Director, will retire from the Board effective January 17, 2014. The Board expressed its appreciation for the services rendered by Mr. Boyles during his tenure.
5. Information on dividends for the quarter and nine months ended December 31, 2013
An interim dividend of20/- per equity share was declared on October 11, 2013 and paid on October 21, 2013. The interim dividend declared in the previous year was15/- per equity share.
(in )
| Particulars | Quarter ended December 31, | Quarter ended September 30, | Quarter ended December 31, | Nine months ended
December 31, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Dividend per share (par value5/- each) | | | | | | |
| Interim dividend | – | 20.00 | – | 20.00 | 15.00 | 15.00 |
| Final dividend | – | – | – | – | – | 27.00 |
| Total dividend | – | 20.00 | – | 20.00 | 15.00 | 42.00 |
6. Other information (Consolidated - Audited)
(in crore)
| Particulars | Quarter ended December 31, | Quarter ended September 30, | Quarter ended December 31, | Nine months ended
December 31, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Staff costs | 7,346 | 7,704 | 5,787 | 21,563 | 16,479 | 22,566 |
| Items exceeding 10% of aggregate expenditure | – | – | – | – | – | – |
| Details of other income: | | | | | | |
| Interest income on deposits and certificates of deposit | 537 | 522 | 390 | 1,574 | 1,302 | 1,792 |
| Income from available-for-sale financial assets | 62 | 62 | 87 | 166 | 176 | 230 |
| Miscellaneous income, net | 12 | 12 | 14 | 31 | 72 | 79 |
| Gains / (losses) on foreign currency | 120 | (86) | 12 | 47 | 135 | 258 |
| Total | 731 | 510 | 503 | 1,818 | 1,685 | 2,359 |
7. Audited financial results of Infosys Limited (Standalone Information)
(in crore)
| Particulars | Quarter ended December 31, | Quarter ended September 30, | Quarter ended December 31, | Nine months ended
December 31, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenues | 11,534 | 11,482 | 9,398 | 32,975 | 27,436 | 36,765 |
| Profit before exceptional items and tax | 3,831 | 3,208 | 3,050 | 10,115 | 9,252 | 12,274 |
| Profit before tax | 3,831 | 3,208 | 3,050 | 10,115 | 9,335 | 12,357 |
| Profit for the period | 2,735 | 2,326 | 2,265 | 7,311 | 6,811 | 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 December 31, 2013
| Nature of complaints received | Opening balance | Additions | Disposal | Closing balance |
| Non receipt of dividend / Annual report related | – | 113 | 113 | – |
9. Segment reporting
(in crore)
| Particulars | Quarter ended December 31, | Quarter ended September 30, | Quarter ended December 31, | Nine months ended
December 31, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenue by industry segment | | | | | | |
| Financial Services and Insurance (FSI) | 4,367 | 4,333 | 3,511 | 12,498 | 10,130 | 13,680 |
| Manufacturing (MFG) | 2,972 | 3,005 | 2,265 | 8,516 | 6,563 | 8,888 |
| Energy, Utilities, Communication and Services (ECS) | 2,488 | 2,495 | 2,136 | 7,130 | 6,045 | 8,129 |
| Retail, Consumer Packaged Goods, Logistics and Life Sciences (RCL) | 3,199 | 3,132 | 2,512 | 9,114 | 7,160 | 9,655 |
| Total | 13,026 | 12,965 | 10,424 | 37,258 | 29,898 | 40,352 |
| Less:Inter-segment revenue | – | – | – | – | – | – |
| Net revenue from operations | 13,026 | 12,965 | 10,424 | 37,258 | 29,898 | 40,352 |
| Segment profit before tax, depreciation and non-controlling interests: | | | | | | |
| Financial Services and Insurance (FSI) | 1,303 | 1,145 | 1,022 | 3,543 | 3,089 | 4,139 |
| Manufacturing (MFG) | 720 | 626 | 559 | 1,930 | 1,801 | 2,304 |
| Energy, Utilities, Communication and Services (ECS) | 716 | 710 | 642 | 2,027 | 1,675 | 2,259 |
| Retail, Consumer Packaged Goods, Logistics and Life Sciences (RCL) | 882 | 689 | 748 | 2,275 | 2,227 | 2,860 |
| Total | 3,621 | 3,170 | 2,971 | 9,775 | 8,792 | 11,562 |
| Less:Other unallocable expenditure | 362 | 333 | 294 | 1,015 | 825 | 1,133 |
| Add:Unallocable other income | 731 | 510 | 503 | 1,818 | 1,685 | 2,359 |
| Profit before tax and non-controlling interests | 3,990 | 3,347 | 3,180 | 10,578 | 9,652 | 12,788 |
Notes on segment information
Principal segments
The Company's operations predominantly relate to providing technology services, delivered to clients globally, 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.
| | By order of the Board |
| | for Infosys Limited |
| | |
| | S. D. Shibulal |
| Mysore, India | Chief Executive Officer |
| January 10, 2014 | 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 nine months ended December 31, 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 December 31, | Quarter ended September 30, | Quarter ended December 31, | Nine months ended
December 31, | Year ended
March 31, |
| | 2013 | 2013 | 2012 | 2013 | 2012 | 2013 |
| Revenues | 2,100 | 2,066 | 1,911 | 6,157 | 5,460 | 7,398 |
| Cost of sales | 1,341 | 1,337 | 1,203 | 3,974 | 3,376 | 4,637 |
| Gross profit | 759 | 729 | 708 | 2,183 | 2,084 | 2,761 |
| Net profit | 463 | 383 | 434 | 1,264 | 1,281 | 1,725 |
| Earnings per American Depositary Share (ADS) | | | | | | |
| Basic | 0.81 | 0.67 | 0.76 | 2.21 | 2.24 | 3.02 |
| Diluted | 0.81 | 0.67 | 0.76 | 2.21 | 2.24 | 3.02 |
| Total assets | 8,733 | 8,397 | 7,955 | 8,733 | 7,955 | 8,539 |
| Cash and cash equivalents including available-for-sale financial assets (current) and certificates of deposit | 4,236 | 4,133 | 4,079 | 4,236 | 4,079 | 4,341 |
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.
