INFY 6-K
Infosys Ltd (INFY)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
For the month of April 2025
Commission File Number 001-35754
Infosys Limited
(Exact name of Registrant as specified in its charter)
Not Applicable.
(Translation of Registrant's name into English)
Electronics City, Hosur Road, Bengaluru - 560 100, Karnataka, India. +91-80-2852-0261
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
TABLE OF CONTENTS
| DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION |
|---|
| SIGNATURES |
| INDEX TO EXHIBITS |
| EXHIBIT 99.1 |
| EXHIBIT 99.2 |
| EXHIBIT 99.3 |
DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
Infosys Limited (“we” or “the Company”) hereby furnishes the United States Securities and Exchange Commission with copies of the following information concerning our public disclosures regarding our results of operations and financial condition for the quarter and year ended March 31, 2025.
The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On April 17, 2025, we announced our results of operations for the quarter and year ended March 31, 2025. A copy of the outcome of the board meeting is attached to this Form 6-K as Exhibit 99.1.
We issued press releases announcing our results under International Financial Reporting Standards ("IFRS"), copies of which are attached to this Form 6-K as Exhibit 99.2.
We have placed the form of release to stock exchanges concerning our results of operations for the quarter and year ended March 31, 2025 under Indian Accounting Standards (Ind-AS). A copy of the release to stock exchanges is attached to this Form 6-K as Exhibit 99.3.
The Board of Directors declared a final dividend of ₹22/- per equity share which will be paid on June 30, 2025 and announced that the 44th Annual General Meeting of the members of the Company will be held on June 25, 2025. The record date for the purposes of the Annual General Meeting, final and special dividend is May 30, 2025.
Among other things, the Board of Directors approved the acquisition of MRE Consulting Limited and The Missing Link Security Pty Ltd and incorporation of subsidiaries in USA and Australia.
Further, the Board of Directors approved the investment by Mitsubishi Heavy Industries in the Infosys led Joint Venture in Japan, HiPUS.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Infosys Limited | |
|---|---|
| Date: April 17, 2025 | Inderpreet Sawhney<br><br>General Counsel and Chief Compliance Officer |
| Exhibit No. | Description of Document |
|---|---|
| 99.1 | Outcome of the Board Meeting |
| 99.2 | IFRS USD press release |
| 99.3 | Form of Release to Stock Exchanges |
Exhibit 99.1
Outcome of the Board meeting
Exhibit 99.2
IFRS USD Press Release
Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25
Highest ever Free Cash Flow at $4.1 billion for FY25
FY26 revenue guidance at 0%-3% and operating margin at 20%-22%
Bengaluru, India – April 17, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the highest ever at $4,088 million, an increase of 41.8% year on year. TCV of large deal wins was $11.6 billion for the year, with 56% net new.
Q4 revenues were $4,730 million, an increase of 4.8% year on year in constant currency and 3.6% in reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year.
"We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients”, he added.
Guidance for FY26:
| · | Revenue growth of 0%-3% in constant currency |
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| · | Operating margin of 20%-22% |
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| 1. | Key highlights: |
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| For the quarter ended March 31, 2025 | For the year ended March 31, 2025 |
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| ·<br>Revenues in CC terms grew by 4.8% YoY and declined by 3.5% QoQ<br><br>·<br>Reported revenues at $4,730 million, growth of 3.6% YoY<br><br>·<br>Operating margin at 21.0%, increase of 0.9% YoY and decline of 0.3% QoQ<br><br>·<br>Basic EPS at $0.20, decline of 15.2% YoY<br><br>·<br>FCF at $892 million, growth of 5.2% YoY;<br>FCF conversion at 109.6% of net profit | ·<br>Revenues in CC terms grew by 4.2% YoY<br><br>·<br>Reported revenues at $19,277 million, growth of 3.9% YoY<br><br>·<br>Operating margin at 21.1%, growth of 0.5% YoY<br><br>·<br>Basic EPS at $0.76, decline of 0.3% YoY<br><br>·<br>FCF at $4,088 million, growth of 41.8% YoY;<br>FCF conversion at 129.3% of net profit |
"FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, which along with the interim dividend, is an increase of 13.2% over last year." he added.
1. Client wins & Testimonials
| · | Infosys announced the expansion of its long-standing strategic collaboration with Citizens<br>to Propel AI-led Transformation. Michael Ruttledge, Chief Information Officer, Citizens<br>Financial Group, said, “Infosys has been a key strategic collaborator in Citizens’ next-gen transformation program<br>for the last five years. Together, we have not only modernized our technology landscape with domain-centric, cloud native platforms but<br>also built a foundation for future growth aligned with Citizens’ north star technology vision without losing focus on resiliency<br>and stability.” |
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| · | Infosys announced the expansion of its collaboration with Siemens AG to accelerate Siemens<br>AG digital learning initiatives with generative AI. Jenny Lin, Global Head of Learning & Growth at Siemens AG, said,<br>“A thriving learning and growth environment is essential for Siemens to maintain our competitive edge and foster innovation. By<br>providing our people with the tools, resources, and support they need to continuously develop their skills, we empower our people to<br>meet the challenges of the future. Infosys' expertise in digital transformation and AI is very valuable in creating a more engaging and<br>effective learning experience for everyone. By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of<br>lifelong learning and empower our teams to reach their full potential.” |
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| · | Infosys announced a strategic, long-term collaboration with Lufthansa Group (LHG) and Lufthansa<br>Systems GmbH (LSY) to accelerate digital transformation and drive innovation in the aviation industry. Thomas Wittmann – CEO,<br>Lufthansa Systems, said, "At Lufthansa Systems, we champion a modular approach to solutions and collaborations, ensuring<br>adaptability and tailoring to the unique needs of each airline. This principle extends perfectly to our collaboration with Infosys. By<br>combining our deep aviation expertise with Infosys's global technology prowess and establishing a dedicated Global Capability Center<br>(GCC), we are not only enhancing our one-stop-shop offerings but also accelerating the pace of digital innovation across the aviation<br>industry. This collaboration empowers us to deliver cutting-edge solutions with greater agility and scale, ultimately benefiting our<br>airline customers with more efficient, innovative, and cost-effective technologies." |
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| · | Infosys announced a successful collaboration with LKQ Europe to adopt a unified, cloud-based<br>digital platform to streamline its HR processes across 18 countries, leveraging Infosys Cobalt. David Brookfield, Vice President,<br>Human Resources, LKQ Europe, said, “Our collaboration with Infosys is a crucial step in helping us harmonize and simplify<br>our wider business processes – ultimately enabling faster delivery and better service for our end customers. Through the platform,<br>we will unify our HR processes across locations to drive efficiency and enhance regulatory compliance. Looking ahead, we believe this<br>platform will empower our workforce and foster a more cohesive organizational culture, enabling us to continue leading the automotive<br>aftermarket industry.” |
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| · | Infosys announced the launch of its open-source Responsible AI Toolkit designed to help enterprises<br>innovate responsibly while addressing the challenges and risks associated with ethical AI adoption**. Sunil Abraham, Public Policy Director<br>- Data Economy and Emerging Tech, Meta,** said, “We congratulate Infosys on launching an openly available Responsible AI<br>Toolkit, which will contribute to advancing safe and responsible AI through open innovation. Open-source code and open datasets is essential<br>to empower a broad spectrum of AI innovators, builders, and adopters with the information and tools needed to harness the advancements<br>in ways that prioritize safety, diversity, economic opportunity and benefits to all.” |
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| · | Infosys announced a strategic collaboration with Ontex Group N.V. to drive their ERP transformation.<br>Jeroen Dejonckheere, VP Business Transformation, Ontex, said "We are excited to collaborate with Infosys on our business<br>transformation journey for modernising our ERP systems to SAP S/4HANA. We also look forward to leveraging Infosys Topaz and embrace the<br>power of AI for our enterprise growth. This will be a significant step forward for us to deliver exceptional experiences for our<br>employees, suppliers, and customers.” |
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2. Recognitions & Awards
Brand
| · | Recognized as one of the World’s Most Ethical Companies in 2025 for the fifth consecutive<br>year by Ethisphere |
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| · | Recognized as the Global Top Employer 2025 for the fifth consecutive year by the Top Employers<br>Institute |
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| · | Recognized as a Top 3 IT services brand and the fastest growing IT services brand globally<br>in the Brand Finance Global 500 2025 report |
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| · | Featured in 2025 LinkedIn’s Top Companies list in India, US, and Canada |
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AI and Cloud Services
| · | Positioned as a leader in The Forrester Wave^TM^: Application Modernization and<br>Multicloud Managed Services, Q1 2025 |
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| · | Rated as a leader in IDC MarketScape: EMEA Industry Cloud Professional Services 2024-2025<br>Vendor Assessment |
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| · | Recognized as leader in ISG Intelligent Automation - Services 2024 Provider lens™ study<br>in US and Europe |
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| · | Recognized as leader in ISG Advanced Analytics and AI Services 2024 Provider lens™<br>study in US and Europe |
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| · | Recognized as leader in ISG Oracle Cloud and Technology Ecosystem 2024 Provider lens™<br>study in US, APAC and Europe |
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Key Digital Services
| · | Positioned as a leader in The Forrester Wave^TM^: Modern Application Development<br>Services, Q1 2025 |
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| · | Rated as a leader in Custom Application Development Services PEAK Matrix® Assessment<br>2025 by Everest Group |
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| · | Rated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by<br>Everest Group |
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| · | Rated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by<br>Everest Group |
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| · | Rated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor Assessment |
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| · | Rated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services |
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| · | Rated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services |
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| · | Recognized as a leader in HFS Horizons: Salesforce Services, 2025 |
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| · | Recognized as a leader in HFS Horizons: Generative Enterprise Services, 2025 |
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| · | Recognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions<br>2025 by NelsonHall |
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| · | Positioned as a leader in Constellation ShortList^TM^: Cybersecurity Services |
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| · | Positioned as a leader in Constellation ShortList^TM^: Innovation Services and Engineering |
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| · | Positioned as a leader in Constellation ShortList^TM^: Microsoft End-to-End Service<br>Providers |
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| · | Positioned as a leader in Constellation ShortList^TM^: QA Tools for NextGen Apps |
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| · | Recognized as leader in ISG Mainframe Services 2025 Provider lens™ study in US, Europe,<br>and US Public Services |
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| · | Positioned as a leader in CapioIT APAC Salesforce SI and Solutions Providers Ecosystem Capture<br>Share Report, 2025 |
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Industry & Solutions
| · | Recognized as a leader in HFS Horizons: Telecom Service Providers, 2025 |
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| · | Recognized as a leader in Core Banking Services 2025 by NelsonHall |
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| · | Recognized as leader in ISG Oil & Gas Industry - Services and Solutions 2024 Provider<br>lens™ study in Europe and North America |
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| · | Recognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study<br>in US |
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| · | Recognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America,<br>ANZ and Europe |
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| · | Recognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider<br>lens™ study in EMEA |
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| · | Recognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study<br>in North America and Europe |
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| · | Recognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia,<br>US and Europe |
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| · | Recognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study<br>in North America, Europe and APAC |
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| · | Infosys Finacle received the Technology & Innovation Award under the Best Solution for<br>Trade & Supply Chain category at the TMI Awards for Innovation & Excellence – 2024 |
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| · | Infosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines,<br>and Axis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 for Best Partnership for Customer<br>Experience (with NP), Best Open Banking Initiative (with Union Bank of Philippines), and Best Strategic Partnership (with Axis Bank) |
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| · | Infosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines,<br>and Arab National Bank received recognition at the Global Business Magazine Winners 2025 for Best Digital-First Bank UAE 2025 (Zand Bank),<br>Best Cloud-Based Core Banking Implementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation Philippines 2025 (Union<br>Bank of Philippines), and Outstanding Digital Banking Transformation Saudi Arabia 2025 (Arab National Bank) |
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| · | Infosys Finacle recognized as a leader in the 2025 Gartner^®^ Magic Quadrant™<br>for Retail Core Banking Systems, Europe |
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| · | Infosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the 'Customer<br>Centricity' category |
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Read more about our Awards & Recognitions here.
About Infosys
| Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<br><br>Visit www.infosys.com to see how Infosys (NSE,<br>BSE, NYSE: INFY) can help your enterprise navigate your next. |  |
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Safe Harbor
Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident are forward looking statements 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 or outcomes 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 the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of related litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https://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. 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.
Contact
| Investor Relations | Sandeep Mahindroo<br>+91 80 3980 1018<br>[email protected] | |
|---|---|---|
| Media Relations | Rishi Basu<br><br>+91 80 4156 3998<br><br>[email protected] | Harini Babu<br>+1 469 996 3516<br>[email protected] |
Infosys Limited and subsidiaries
Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:
(Dollars in millions)
| March 31, 2025 | March 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | 2,861 | 1,773 |
| Current investments | 1,460 | 1,548 |
| Trade receivables | 3,645 | 3,620 |
| Unbilled revenue | 1,503 | 1,531 |
| Other current assets | 1,890 | 2,250 |
| Total current assets | 11,359 | 10,722 |
| Non-current assets | ||
| Property, plant and equipment and Right-of-use assets | 2,235 | 2,323 |
| Goodwill and other Intangible assets | 1,505 | 1,042 |
| Non-current investments | 1,294 | 1,404 |
| Unbilled revenue | 261 | 213 |
| Other non-current assets | 765 | 819 |
| Total non-current assets | 6,060 | 5,801 |
| Total assets | 17,419 | 16,523 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Trade payables | 487 | 474 |
| Unearned revenue | 994 | 880 |
| Employee benefit obligations | 340 | 314 |
| Other current liabilities and provisions | 3,191 | 2,983 |
| Total current liabilities | 5,012 | 4,651 |
| Non-current liabilities | ||
| Lease liabilities | 675 | 767 |
| Other non-current liabilities | 477 | 500 |
| Total non-current liabilities | 1,152 | 1,267 |
| Total liabilities | 6,164 | 5,918 |
| Total equity attributable to equity holders of the company | 11,205 | 10,559 |
| Non-controlling interests | 50 | 46 |
| Total equity | 11,255 | 10,605 |
| Total liabilities and equity | 17,419 | 16,523 |
Extracted from the Condensed Consolidated Statement of Comprehensive Income under IFRS for:
(Dollars in millions except per equity share data)
| 3 months ended March 31, 2025 | 3 months ended March 31, 2024 | Year ended<br>March 31, 2025 | Year ended March 31, 2024 | |
|---|---|---|---|---|
| Revenues | 4,730 | 4,564 | 19,277 | 18,562 |
| Cost of sales | 3,302 | 3,219 | 13,405 | 12,975 |
| Gross profit | 1,428 | 1,345 | 5,872 | 5,587 |
| Operating expenses: | ||||
| Selling and marketing expenses | 226 | 209 | 898 | 842 |
| Administrative expenses | 210 | 219 | 903 | 911 |
| Total operating expenses | 436 | 428 | 1,801 | 1,753 |
| Operating profit | 992 | 917 | 4,071 | 3,834 |
| Other income, net ^(3) (4)^ | 125 | 315 | 376 | 512 |
| Profit before income taxes | 1,117 | 1,232 | 4,447 | 4,346 |
| Income tax expense ^(4)^ | 303 | 273 | 1,285 | 1,177 |
| Net profit (before minority interest) | 814 | 959 | 3,162 | 3,169 |
| Net profit (after minority interest) | 813 | 958 | 3,158 | 3,167 |
| Basic EPS ($) ^(4)^ | 0.20 | 0.23 | 0.76 | 0.77 |
| Diluted EPS ($) ^(4)^ | 0.20 | 0.23 | 0.76 | 0.76 |
NOTES:
| 1. | The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and year ended March 31, 2025, which have been taken on record at the Board meeting held on April 17, 2025. |
|---|---|
| 2. | A<br>Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com. |
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| 3. | Other<br>income is net of Finance Cost. |
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| 4. | Includes interest income (pre-tax) of $38Mn with reversal of net<br>tax provisions amounting to $12Mn in FY'25 and interest income (pre-tax) of $232Mn with reversal of net tax provisions amounting to<br>$5Mn in FY'24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax<br>Authorities in India for certain assessment years.This has resulted in a positive impact on the consolidated Basic and Diluted EPS<br>by approximately $0.01 for the quarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31,<br>2024 |
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| 5. | As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year ended figures reported in this statement. |
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Exhibit 99.3
Form of Release to Stock Exchanges
 |
Infosys Limited<br><br>Regd. office: Electronics City, Hosur Road,<br><br>Bengaluru 560 100, India | CIN : L85110KA1981PLC013115<br><br>Website: www.infosys.com<br><br>email: [email protected]<br><br>T: 91 80 2852 0261, F: 91 80 2852 0362 |
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Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS)
(in 
crore, except per equity share data)
| Particulars | Quarter<br>ended<br><br>March 31, | Quarter<br>ended<br><br>December 31, | Quarter<br>ended<br><br>March 31, | Year ended March 31, | |
|---|---|---|---|---|---|
| 2025 | 2024 | 2024 | 2025 | 2024 | |
| Audited | Audited | Audited | Audited | Audited | |
| Revenue from operations | 40,925 | 41,764 | 37,923 | 162,990 | 153,670 |
| Other income, net (refer note 1(d)) | 1,190 | 859 | 2,729 | 3,600 | 4,711 |
| Total Income | 42,115 | 42,623 | 40,652 | 166,590 | 158,381 |
| Expenses | |||||
| Employee benefit expenses | 22,015 | 21,436 | 20,393 | 85,950 | 82,620 |
| Cost of technical sub-contractors | 3,276 | 3,302 | 2,967 | 12,937 | 12,232 |
| Travel expenses | 520 | 439 | 471 | 1,894 | 1,759 |
| Cost of software packages and others | 3,899 | 4,607 | 3,687 | 15,911 | 13,515 |
| Communication expenses | 147 | 157 | 147 | 620 | 677 |
| Consultancy and professional charges | 301 | 459 | 489 | 1,655 | 1,726 |
| Depreciation and amortization expenses^(1)^ | 1,299 | 1,203 | 1,163 | 4,812 | 4,678 |
| Finance cost | 102 | 101 | 110 | 416 | 470 |
| Other expenses | 893 | 1,249 | 985 | 4,787 | 4,716 |
| Total expenses | 32,452 | 32,953 | 30,412 | 128,982 | 122,393 |
| Profit before tax | 9,663 | 9,670 | 10,240 | 37,608 | 35,988 |
| Tax expense: (refer note 1(c)) | |||||
| Current tax | 2,784 | 3,202 | 1,173 | 12,130 | 8,390 |
| Deferred tax | (159) | (354) | 1,092 | (1,272) | 1,350 |
| Profit for the period | 7,038 | 6,822 | 7,975 | 26,750 | 26,248 |
| Other comprehensive income | |||||
| Items that will not be reclassified subsequently to profit or loss | |||||
| Remeasurement of the net defined benefit liability/asset, net | (145) | (45) | 26 | (92) | 120 |
| Equity instruments through other comprehensive income, net | 29 | (15) | (12) | 19 | 19 |
| Items that will be reclassified subsequently to profit or loss | |||||
| Fair value changes on derivatives designated as cash flow hedges, net | (56) | 56 | 28 | (24) | 11 |
| Exchange differences on translation of foreign operations | 384 | (483) | (231) | 357 | 226 |
| Fair value changes on investments, net | 63 | 10 | 37 | 199 | 144 |
| Total other comprehensive income/(loss), net of tax | 275 | (477) | (152) | 459 | 520 |
| Total comprehensive income for the period | 7,313 | 6,345 | 7,823 | 27,209 | 26,768 |
| Profit attributable to: | |||||
| Owners of the company | 7,033 | 6,806 | 7,969 | 26,713 | 26,233 |
| Non-controlling interests | 5 | 16 | 6 | 37 | 15 |
| 7,038 | 6,822 | 7,975 | 26,750 | 26,248 | |
| Total comprehensive income attributable to: | |||||
| Owners of the company | 7,304 | 6,336 | 7,821 | 27,167 | 26,754 |
| Non-controlling interests | 9 | 9 | 2 | 42 | 14 |
| 7,313 | 6,345 | 7,823 | 27,209 | 26,768 | |
| Paid up share capital (par value 5/- each, fully paid) |
2,073 | 2,072 | 2,071 | 2,073 | 2,071 |
| Other equity *^#^ | 93,745 | 86,045 | 86,045 | 93,745 | 86,045 |
| Earnings per equity share (par value 5/- each)** |
|||||
| Basic (in per share) |
16.98 | 16.43 | 19.25 | 64.50 | 63.39 |
| Diluted (in per share) |
16.94 | 16.39 | 19.22 | 64.34 | 63.29 |
| * | Balances for the quarter ended December 31, 2024 represent balances as per the audited<br>Balance Sheet as at March 31, 2024 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 | ||||
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| ** | EPS is not annualized for the quarter ended March 31, 2025, quarter ended December 31,<br>2024 and quarter ended March 31, 2024. | ||||
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| ^#^ | Excludes non-controlling interest | ||||
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| ^(1)^ | During the quarter and year ended March 31, 2025, a decline in the revenue estimates led<br>to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable<br>amount. Consequently, the Company has recognized 188 crore as the excess of carrying value over the<br>estimated recoverable value for the quarter and year ended March 31, 2025. |
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| --- | --- |
1. Notes
a) The audited interim consolidated financial statements for the quarter and year ended March 31, 2025 have been taken on record by the Board of Directors at its meeting held on April 17, 2025. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted from the audited interim condensed consolidated financial statements. These interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
b) Update on McCamish Cybersecurity incident
In November 2023, certain systems of Infosys McCamish Systems LLC (“McCamish”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited), were encrypted by ransomware, resulting in the non-availability of certain applications and systems. McCamish initiated its incident response and engaged cybersecurity and other specialists to assist in its investigation of and response to the incident and remediation and restoration of impacted applications and systems. By December 31, 2023, McCamish, with external specialists’ assistance, substantially remediated and restored the affected applications and systems. Actions taken by McCamish included investigative analysis conducted by a third-party cybersecurity firm to determine, among other things, whether and the extent to which company or customer data was subject to unauthorized access or exfiltration. McCamish also engaged a third-party eDiscovery vendor in assessing the extent and nature of such data. McCamish in coordination with its third-party eDiscovery vendor has identified corporate customers and individuals whose information was subject to unauthorized access and exfiltration. McCamish processes personal data on behalf of its corporate customers.
From March 6, 2024 through July 25, 2024, six actions were filed in the U.S. District Court for the Northern District of Georgia against McCamish. The actions arise out of the cybersecurity incident at McCamish initially disclosed on November 3, 2023. All six actions have since been consolidated, and the consolidated class action complaint was filed on November 7, 2024, purportedly on behalf of all persons residing in the United States whose personally identifiable information was compromised in the incident, including all who were sent a notice of the incident. On December 20, 2024, the Court granted the parties’ joint motion to stay proceedings pending the parties’ efforts to resolve the lawsuit through mediation. On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an in-principle agreement that sets forth the terms of a proposed settlement of the class action lawsuits against McCamish, as well as seven class action lawsuits arising out of the incident that have been filed against McCamish’s customers. Under the settlement terms, McCamish has agreed to pay $17.5 million (approximately 150 crore) into a fund to settle these matters. The agreed terms are subject to finalization of the terms of the settlement agreement, and preliminary and final court approval. If approved, the settlement will resolve all allegations made in the class action lawsuits without admission of any liability. McCamish has recorded an accrual of $17.5 million (approximately 150 crore) related to the settlement. McCamish has recognized an insurance reimbursement receivable of $17 million (approximately 145 crore) which has been offset against the settlement expense of $17.5 million (approximately 150 crore) in the Statement of Profit and Loss. McCamish may incur additional costs including from indemnities or damages/claims, which are indeterminable at this time.
c) Update on orders received from the Indian Income tax department
During the quarter ending March 31, 2025, the Company received orders under section 250 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2016-17 and 2019-20. These orders confirmed the Company's position with respect to tax treatment of certain disputed matters. As a result interest income (pre-tax) of 327 crore (included in other income as mentioned in point (d) below) was recognised and provision for income tax aggregating 183 crore was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to 1,068 crore has been reduced from contingent liabilities.
d) Other income includes interest on income tax refund of 328 crore and 1,916 crore for the quarter ended March 31, 2025 and March 31, 2024 respectively, 343 crore and 1,965 crore for the year ended March 31, 2025 and March 31, 2024 respectively, and less than a crore for the quarter ended December 31, 2024.
e) Proposed acquisitions
i) On April 17, 2025, Infosys Singapore Pte Ltd., a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the equity share capital of The Missing Link, a leading Cybersecurity service provider headquartered in Australia, for a consideration including earn-outs amounting up to AUD 98 million (approximately 527 crore), excluding management incentives and retention bonus, subject to customary closing adjustments. To consummate this transaction, Infosys Singapore Pte Ltd will set up a wholly-owned subsidiary in Australia.
ii) On April 17, 2025, Infosys Nova Holdings LLC, a wholly-owned step down subsidiary of Infosys Limited, entered into a definitive agreement to acquire 100% of the partnership interests of MRE Consulting Ltd, a leading Energy Consulting company, headquartered in USA, for a consideration including earn-outs amounting up to $36 million (approximately 308 crore), excluding management incentives and retention bonus, subject to customary closing adjustments. To consummate this transaction, Infosys Nova Holdings LLC has simultaneously incorporated an entity Infosys Energy Consulting Services LLC.
f) Update on employee stock grants
i) Grants to CEO & MD
The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved the following annual grants to Salil Parekh, CEO and MD as per his employment agreement approved by shareholders:
i) The grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSU's) covering Company’s equity shares having a market value of 34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan) which shall vest 12 months from the date of grant subject to achievement of performance targets as determined by the Board. `
ii) The grant of annual performance-based stock incentives (Annual performance equity ESG grant) in the form of RSU's covering Company’s equity shares having a market value of 2 crore as on the date of the grant under the 2015 Plan, which shall vest 12 months from the date of the grant subject to the Company’s achievement of certain environment, social and governance milestones as determined by the Board.
iii) The grant of annual performance-based stock incentives (Annual performance Equity TSR grant) in the form of RSU's covering Company’s equity shares having a market value of 5 crore as on the date of the grant under the 2015 Plan, which shall vest on or after March 31, 2027 subject to the Company’s performance on cumulative relative TSR for the two year cumulative period and as determined by the Board.
iv) The grant of annual performance-based stock incentives (2019 Annual Performance Equity Grant) in the form of Restricted Stock Units (RSU's) covering Company’s equity shares having a market value of 10 crore as on the date of the grant under the Infosys Expanded Stock Ownership Program-2019 (2019 Plan), which shall vest 12 months from the date of the grant subject to the Company’s achievement of certain performance criteria as laid out in the 2019 Plan.
The above RSUs will be granted w.e.f May 2, 2025 and the number of RSU's will be calculated based on the market price at the close of trading on May 2, 2025.
ii) Grants to other employees
The Board, on April 17, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved grant of 5,000 RSUs to eligible employees under the 2015 Plan w.e.f May 2, 2025. The RSUs would vest equally over a period of four years and the exercise price will be equal to the par value of the share.
2. Information on dividends for the quarter and year ended March 31, 2025
For financial year 2025, the Board recommended a final dividend of 22/- (par value of 5/- each) per equity share. This payment is subject to the approval of shareholders in the Annual General Meeting (AGM) of the Company to be held on June 25, 2025. The record date for the purpose of the payment of final dividend is May 30, 2025. The dividend will be paid on June 30, 2025.
For the financial year ended 2024, the Company declared a final dividend of 20/- (par value of 5/- each) per equity share and additionally a special dividend of 8/- (par value of 5/- each) per equity share.
The Board of Directors (in the meeting held on October 17, 2024) declared an interim dividend of 21/- per equity share. The record date for the payment was October 29, 2024 and the same was paid on November 8, 2024. The interim dividend declared in the previous year was 18/- per equity share.
(in )
| Particulars | Quarter ended<br><br>March 31, | Quarter ended<br><br>December 31, | Quarter ended<br><br>March 31, | Year ended March 31, | |
|---|---|---|---|---|---|
| 2025 | 2024 | 2024 | 2025 | 2024 | |
| Dividend per share (par value 5/- each) |
|||||
| Interim dividend | – | – | – | 21.00 | 18.00 |
| Final dividend | 22.00 | – | 20.00 | 22.00 | 20.00 |
| Special dividend | – | – | 8.00 | – | 8.00 |
3. Audited Consolidated Balance Sheet
(in crore)
| Particulars | As at | |
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 11,778 | 12,370 |
| Right of use assets | 6,311 | 6,552 |
| Capital work-in-progress | 814 | 293 |
| Goodwill | 10,106 | 7,303 |
| Other Intangible assets | 2,766 | 1,397 |
| Financial assets | ||
| Investments | 11,059 | 11,708 |
| Loans | 16 | 34 |
| Other financial assets | 3,511 | 3,105 |
| Deferred tax assets (net) | 1,108 | 454 |
| Income tax assets (net) | 1,622 | 3,045 |
| Other non-current assets | 2,713 | 2,121 |
| Total non-current assets | 51,804 | 48,382 |
| Current assets | ||
| Financial assets | ||
| Investments | 12,482 | 12,915 |
| Trade receivables | 31,158 | 30,193 |
| Cash and cash equivalents | 24,455 | 14,786 |
| Loans | 249 | 248 |
| Other financial assets | 13,840 | 12,085 |
| Income tax assets (net) | 2,975 | 6,397 |
| Other current assets | 11,940 | 12,808 |
| Total current assets | 97,099 | 89,432 |
| Total Assets | 148,903 | 137,814 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 2,073 | 2,071 |
| Other equity | 93,745 | 86,045 |
| Total equity attributable to equity holders of the Company | 95,818 | 88,116 |
| Non-controlling interests | 385 | 345 |
| Total equity | 96,203 | 88,461 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 5,772 | 6,400 |
| Other financial liabilities | 2,141 | 2,130 |
| Deferred tax liabilities (net) | 1,722 | 1,794 |
| Other non-current liabilities | 215 | 235 |
| Total non-current liabilities | 9,850 | 10,559 |
| Current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 2,455 | 1,959 |
| Trade payables | 4,164 | 3,956 |
| Other financial liabilities | 18,138 | 16,959 |
| Other current liabilities | 11,765 | 10,539 |
| Provisions | 1,475 | 1,796 |
| Income tax liabilities (net) | 4,853 | 3,585 |
| Total current liabilities | 42,850 | 38,794 |
| Total equity and liabilities | 148,903 | 137,814 |
The disclosure is an extract of the audited Consolidated Balance Sheet as at March 31, 2025 and March 31, 2024 prepared in compliance with the Indian Accounting Standards (Ind-AS).
4. Audited Consolidated Statement of Cash Flows
(in crore)
| Particulars | Year ended March 31, | |
|---|---|---|
| 2025 | 2024 | |
| Cash flow from operating activities | ||
| Profit for the year | 26,750 | 26,248 |
| Adjustments to reconcile net profit to net cash provided by operating activities: | ||
| Income tax expense | 10,858 | 9,740 |
| Depreciation and amortization | 4,812 | 4,678 |
| Interest and dividend income | (2,570) | (2,067) |
| Finance cost | 416 | 470 |
| Impairment loss recognized / (reversed) under expected credit loss model | 48 | 121 |
| Exchange differences on translation of assets and liabilities, net | 79 | 76 |
| Stock compensation expense | 802 | 652 |
| Interest receivable on income tax refund | (327) | (1,934) |
| Provision for post sale client support | (110) | 75 |
| Other adjustments | 833 | 1,464 |
| Changes in assets and liabilities | ||
| Trade receivables and unbilled revenue | (1,769) | (2,667) |
| Loans, other financial assets and other assets | (1,024) | (1,172) |
| Trade payables | 176 | 91 |
| Other financial liabilities, other liabilities and provisions | 2,322 | (1,334) |
| Cash generated from operations | 41,296 | 34,441 |
| Income taxes paid | (5,602) | (9,231) |
| Net cash generated by operating activities | 35,694 | 25,210 |
| Cash flows from investing activities | ||
| Expenditure on property, plant and equipment and intangibles | (2,237) | (2,201) |
| Deposits placed with corporation | (1,225) | (847) |
| Redemption of deposits placed with Corporation | 776 | 710 |
| Interest and dividend received | 2,040 | 1,768 |
| Payment towards acquisition of business, net of cash acquired | (3,155) | – |
| Payment of contingent consideration pertaining to acquisition of business | – | (101) |
| Other receipts | 10 | 128 |
| Payments to acquire investments | ||
| Tax free bonds and government bonds | (2) | – |
| Liquid mutual fund units | (73,048) | (66,191) |
| Certificates of deposit | (6,978) | (8,509) |
| Commercial paper | (6,403) | (10,387) |
| Non convertible debentures | (3,240) | (1,526) |
| Other investments | (60) | (14) |
| Proceeds on sale of investments | ||
| Tax free bonds and government bonds | 109 | 150 |
| Liquid mutual fund units | 73,987 | 64,767 |
| Certificates of deposit | 6,688 | 9,205 |
| Commercial paper | 7,735 | 6,479 |
| Non-convertible debentures | 2,591 | 1,230 |
| Government securities | 455 | 304 |
| Equity and preference securities | – | 26 |
| Other investments | 11 | – |
| Net cash used in investing activities | (1,946) | (5,009) |
| Cash flows from financing activities: | ||
| Payment of lease liabilities | (2,355) | (2,024) |
| Payment of dividends | (20,287) | (14,692) |
| Loan repayment of in-tech Holding GmbH | (985) | – |
| Payment of dividend to non-controlling interest of subsidiary | (2) | (39) |
| Payment towards buyback of shares pertaining to non controlling interest of subsidiary | – | (18) |
| Shares issued on exercise of employee stock options | 6 | 5 |
| Other payments | (538) | (736) |
| Net cash used in financing activities | (24,161) | (17,504) |
| Net increase / (decrease) in cash and cash equivalents | 9,587 | 2,697 |
| Effect of exchange rate changes on cash and cash equivalents | 82 | (84) |
| Cash and cash equivalents at the beginning of the period | 14,786 | 12,173 |
| Cash and cash equivalents at the end of the period | 24,455 | 14,786 |
| Supplementary information: | ||
| Restricted cash balance | 424 | 348 |
The disclosure is an extract of the audited Consolidated Statement of Cash flows for the year ended March 31, 2025 and March 31, 2024 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting.
5. Segment reporting (Consolidated - Audited)
(in crore)
| Particulars | Quarter<br>ended<br><br>March 31, | Quarter<br>ended<br><br>December 31, | Quarter<br>ended<br><br>March 31, | Year ended March 31, | |
|---|---|---|---|---|---|
| 2025 | 2024 | 2024 | 2025 | 2024 | |
| Revenue by business segment | |||||
| Financial Services ^(1)^ | 11,614 | 11,589 | 10,010 | 45,175 | 42,158 |
| Retail ^(2)^ | 5,440 | 5,746 | 5,429 | 22,059 | 22,504 |
| Communication ^(3)^ | 4,798 | 4,688 | 4,666 | 19,108 | 17,991 |
| Energy, Utilities, Resources and Services | 5,308 | 5,635 | 5,068 | 21,710 | 20,035 |
| Manufacturing | 6,527 | 6,479 | 5,589 | 25,207 | 22,298 |
| Hi-Tech | 3,397 | 3,279 | 3,316 | 13,090 | 12,411 |
| Life Sciences ^(4)^ | 2,765 | 3,195 | 2,762 | 11,831 | 11,515 |
| All other segments ^(5)^ | 1,076 | 1,153 | 1,083 | 4,810 | 4,758 |
| Total | 40,925 | 41,764 | 37,923 | 162,990 | 153,670 |
| Less: Inter-segment revenue | – | – | – | – | – |
| Net revenue from operations | 40,925 | 41,764 | 37,923 | 162,990 | 153,670 |
| Segment profit before tax, depreciation and non-controlling interests: | |||||
| Financial Services ^(1)^ | 2,948 | 2,679 | 1,941 | 11,099 | 9,324 |
| Retail ^(2)^ | 1,640 | 1,975 | 1,864 | 7,133 | 6,882 |
| Communication ^(3)^ | 836 | 818 | 810 | 3,341 | 3,688 |
| Energy, Utilities , Resources and Services | 1,577 | 1,528 | 1,431 | 6,097 | 5,523 |
| Manufacturing | 1,196 | 1,357 | 1,081 | 4,856 | 4,197 |
| Hi-Tech | 795 | 816 | 803 | 3,220 | 3,153 |
| Life Sciences ^(4)^ | 617 | 819 | 632 | 2,663 | 2,898 |
| All other segments ^(5)^ | 265 | 123 | 222 | 827 | 760 |
| Total | 9,874 | 10,115 | 8,784 | 39,236 | 36,425 |
| Less: Other Unallocable expenditure | 1,299 | 1,203 | 1,163 | 4,812 | 4,678 |
| Add: Unallocable other income | 1,190 | 859 | 2,729 | 3,600 | 4,711 |
| Less: Finance cost | 102 | 101 | 110 | 416 | 470 |
| Profit before tax and non-controlling interests | 9,663 | 9,670 | 10,240 | 37,608 | 35,988 |
| ^(1)^ | Financial Services include enterprises in Financial Services and Insurance | ||||
| --- | --- | ||||
| ^(2)^ | Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics | ||||
| --- | --- | ||||
| ^(3)^ | Communication includes enterprises in Communication, Telecom OEM and Media | ||||
| --- | --- | ||||
| ^(4)^ | Life Sciences includes enterprises in Life sciences and Health care | ||||
| --- | --- | ||||
| ^(5)^ | All other segments include operating segments of businesses in India, Japan, China, Infosys<br>Public Services & other enterprises in Public Services | ||||
| --- | --- |
Notes on segment information
Business segments
Based on the "management approach" as defined in Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.
Segmental capital employed
Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
6. Audited financial results of Infosys Limited (Standalone Information)
(in crore)
| Particulars | Quarter<br>ended<br><br>March 31, | Quarter<br>ended<br><br>December 31, | Quarter<br>ended<br><br>March 31, | Year ended March 31, | |
|---|---|---|---|---|---|
| 2025 | 2024 | 2024 | 2025 | 2024 | |
| Revenue from operations | 34,136 | 34,915 | 32,001 | 136,592 | 128,933 |
| Profit before tax | 9,061 | 8,844 | 10,414 | 35,441 | 35,953 |
| Profit for the period | 6,628 | 6,358 | 8,480 | 25,568 | 27,234 |
The audited results of Infosys Limited for the above mentioned periods are available on our website, www.infosys.com and on the Stock Exchange website www.nseindia.com and www.bseindia.com. The information above has been extracted from the audited interim standalone financial statements as stated.
| By order of the Board | |
|---|---|
| for Infosys Limited | |
| Bengaluru, India<br><br>April 17, 2025 | Salil Parekh<br><br>Chief Executive Officer and Managing Director |
The Board has also taken on record the consolidated results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2025, prepared as per International Financial Reporting Standards (IFRS) and reported in US dollars. A summary of the financial statements is as follows:
(in US$ million, except per equity share data)
| Particulars | Quarter<br>ended<br><br>March 31, | Quarter<br>ended<br><br>December 31, | Quarter<br>ended<br><br>March 31, | Year ended March 31, | |
|---|---|---|---|---|---|
| 2025 | 2024 | 2024 | 2025 | 2024 | |
| Audited | Audited | Audited | Audited | Audited | |
| Revenues | 4,730 | 4,939 | 4,564 | 19,277 | 18,562 |
| Cost of sales | 3,302 | 3,444 | 3,219 | 13,405 | 12,975 |
| Gross profit | 1,428 | 1,495 | 1,345 | 5,872 | 5,587 |
| Operating expenses | 436 | 442 | 428 | 1,801 | 1,753 |
| Operating profit | 992 | 1,053 | 917 | 4,071 | 3,834 |
| Other income, net | 137 | 102 | 328 | 425 | 568 |
| Finance cost | 12 | 12 | 13 | 49 | 56 |
| Profit before income taxes | 1,117 | 1,143 | 1,232 | 4,447 | 4,346 |
| Income tax expense | 303 | 337 | 273 | 1,285 | 1,177 |
| Net profit | 814 | 806 | 959 | 3,162 | 3,169 |
| Earnings per equity share * | |||||
| Basic | 0.20 | 0.19 | 0.23 | 0.76 | 0.77 |
| Diluted | 0.20 | 0.19 | 0.23 | 0.76 | 0.76 |
| Total assets | 17,419 | 16,291 | 16,523 | 17,419 | 16,523 |
| Cash and cash equivalents and current investments | 4,321 | 3,596 | 3,321 | 4,321 | 3,321 |
| * | EPS is not annualized for the quarter ended March 31, 2025, quarter ended December 31,<br>2024 and quarter ended March 31, 2024. | ||||
| --- | --- |
Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident and the related review and notification process are forward looking statements 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 or outcomes 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 the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of pending litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https://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. 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.