Infosys Limited

19.7%

ou for taking the time to join us today. We have had an exceptional year with an annual growth of 19.7% in constant currency terms, which is the fastest growth we have seen in 11 years. We are gaining

20%

business segments grew in double digits. The top 3 grew in high teens, U.S. and Europe grew over 20%. The North America region crossed $10 bn in revenue, while Financial Services crossed $5 bn reven

59.2%

while Financial Services crossed $5 bn revenue milestones. Our digital revenues now account for 59.2% and grew at 41.2% for the year. Our digital revenues crossed $10 bn annualized on a run-rate basi

41.2%

Services crossed $5 bn revenue milestones. Our digital revenues now account for 59.2% and grew at 41.2% for the year. Our digital revenues crossed $10 bn annualized on a run-rate basis. Within digital,

23.0%

icant traction with our clients. Our growth has been accompanied by robust operating margins of 23.0%. We delivered these margins while maintaining focus on our employees with increased compensation

40%

e deal wins were at $9.5 bn for the full year and were $2.3 bn for Q4. Our net new percentage was 40% for the year and 48% for Q4, helping us set up a strong growth foundation for financial year 2023

48%

9.5 bn for the full year and were $2.3 bn for Q4. Our net new percentage was 40% for the year and 48% for Q4, helping us set up a strong growth foundation for financial year 2023. Our Q4 revenue gr

20.6%

helping us set up a strong growth foundation for financial year 2023. Our Q4 revenue growth was 20.6% YoY and 1.2% QoQ in constant currency terms. Our industry-leading performance in FY2022 would not

1.2%

up a strong growth foundation for financial year 2023. Our Q4 revenue growth was 20.6% YoY and 1.2% QoQ in constant currency terms. Our industry-leading performance in FY2022 would not have been po

27.7%

rdinary efforts in delivering success for our clients. Our last 12 months' attrition increased to 27.7%. Our quarterly annualized attrition declined by approximately 5 percentage points on a sequential

13%

FY2022, large deal wins, robust deal pipeline and client confidence give us comfort to guide for 13% to 15% growth in FY2023 in constant currency. As we look ahead – as we build our new strategy, th

15%

, large deal wins, robust deal pipeline and client confidence give us comfort to guide for 13% to 15% growth in FY2023 in constant currency. As we look ahead – as we build our new strategy, that is l

“As we look ahead, our sustained momentum in FY 22, large deal wins, robust deal pipeline and client confidence in our capabilities give us comfort to provide a guidance of 13% to 15% for growth in FY23, in constant currency terms.”

“We plan to expand the capabilities by scaling our cloud capabilities even further, expanding our digital work, expanding on our automation, increase relevance with large enterprises and the technology native companies and strengthen our employee value proposition.”

“Our focus on staying ahead in the cloud and digital ecosystem, and the focus on employees, and some of the costs which are coming back after the COVID phase is behind us, result in operating margin guidance to be at 21% to 23% for FY23.”

“4 Salil, you started FY22 with a guidance of 12% to 14% and finally ended with 19.7% growth for FY23.”

“This year again you are starting with a guidance of 13% to 15%, is there conservatism built into it?”

“And the macro environment is far more uncertain now, economists are bringing down their GDP forecast, do you see any impact on technology budget as your client face a squeeze?”

“And for Nilanjan, what led to the sharp 200 bps margin decline in Q4, your guidance 21% to 23% is also lower than the 23% that you closed FY22 with.”

“Based on what we have had in terms of large deals $9.5 bn in FY22, $2.3 bn in the fourth quarter, 40% of our large deals being net new, 48% in the fourth quarter and what we are seeing in our pipeline going ahead gives us good confidence that this is the guidance in which we start the year at 13% to 15%.”

“Nilanjan Roy On the margin question first, on the quarter on quarter, I think we were clear at the beginning of the year, we gave a margin guidance band of 22% to 24% and we have ended up exact in the middle at 23.0%.”

“We have taken a specific commercial contractual provision for a client which we expect to recover in the times ahead.”

C O R P O R A T E P A R T I C I P A N T S

1

C O R P O R A T E P A R T I C I P A N T S

Salil Parekh Chief Executive Officer & Managing Director Nilanjan Roy Chief Financial Officer Rishi Basu (Emcee) Corporate Communications J O U R N A L I S T S Reema Tendulkar CNBC-TV18 Sai Ishwar The Economic Times Ayushman Baruah Mint Chandra Ranganathan Moneycontrol N R Sethuraman Reuters News Reshab Shaw Deccan Herald Uma Kannan The New Indian Express Anisha Jain ET Now 1 Harshada Sawant CNBC Awaaz Sajeet Manghat BloombergQuint Kushal Gupta Zee Business Shivani Shinde Business Standard Shilpa Phadnis The Times of India Swathi Moorthy Moneycontrol Surabhi Agarwal The Economic Times 2 Rishi Basu A very good evening, everyone and thank you for joining Infosys’ fourth quarter financial results. My name is Rishi and on behalf of Infosys I am delighted to welcome all of you at our campus today. All participants at this press conference are fully vaccinated and adhering to COVID-19 protocols. With that, let me invite our Chief Executive Officer, Mr. Salil Parekh, for his opening remarks.