Infosys Limited

16.9%

delighted to share with you that we have had a landmark first quarter, with robust YoY growth of 16.9% and sequential growth of 4.8% in constant currency terms. This has been the fastest growth we hav

4.8%

at we have had a landmark first quarter, with robust YoY growth of 16.9% and sequential growth of 4.8% in constant currency terms. This has been the fastest growth we have seen in 10 years. We conti

42%

growth of 16.9% YoY and 4.8% sequentially in constant currency. 2. Our digital business grew by 42% YoY and now constitutes 53.9% of our overall revenues. 3. We had broad-based growth across all ou

53.9%

sequentially in constant currency. 2. Our digital business grew by 42% YoY and now constitutes 53.9% of our overall revenues. 3. We had broad-based growth across all our sectors, service lines and g

rs,

d now constitutes 53.9% of our overall revenues. 3. We had broad-based growth across all our sectors, service lines and geographies. 4. Financial Services grew by 23%, Retail 22%, Life Sciences 21%, M

23%

based growth across all our sectors, service lines and geographies. 4. Financial Services grew by 23%, Retail 22%, Life Sciences 21%, Manufacturing 19%, the North American geography by 21%. 5. Our

22%

across all our sectors, service lines and geographies. 4. Financial Services grew by 23%, Retail 22%, Life Sciences 21%, Manufacturing 19%, the North American geography by 21%. 5. Our large deals

21%

tors, service lines and geographies. 4. Financial Services grew by 23%, Retail 22%, Life Sciences 21%, Manufacturing 19%, the North American geography by 21%. 5. Our large deals were at $2.6 bn; la

19%

and geographies. 4. Financial Services grew by 23%, Retail 22%, Life Sciences 21%, Manufacturing 19%, the North American geography by 21%. 5. Our large deals were at $2.6 bn; large deals are deals

23.7%

were at $2.6 bn; large deals are deals over $50 mn in value. 6. Operating margins were strong at 23.7%. 7. We had a tremendous focus on our employee, especially related to the well-being and to the

18.5%

w talent expansion approach that we have with employees. 8. Free cash flow was strong at $863 mn, 18.5% higher than the same quarter in the previous year. 9. Attrition increased to 13.9%. 10. We ha

13.9%

at $863 mn, 18.5% higher than the same quarter in the previous year. 9. Attrition increased to 13.9%. 10. We had a net headcount increase of 8,000, attracting leading talent from the market. We re

“With a strong start to the financial year, good large deals in Q1, strong pipeline, we are increasing our annual revenue growth guidance, which was at 12% - 14%, to 14% - 16% growth in constant currency.”

“Our operating margin guidance remains unchanged at 22% - 24%.”

“I would like to thank the founders, employees, clients, shareholders and all our stakeholders for their ongoing guidance, support and contribution.”

“However, we expect attrition to be high in the near-term due to strong demand.”

“In Q1, we on-boarded over 10,000 college graduates and for the full year, we have increased the college graduate hiring target to 35,000 globally to ensure unconstrained client deliveries.”

“As mentioned earlier, we expect Daimler deal to start ramping up in the weeks ahead.”

“As the pandemic situation is improving in many parts of the world and businesses slowly return to normalcy, we expect some of the discretionary costs, including travel, facilities, etc, to start normalizing in the coming quarters.”

“However, given our focus on structural levers to improve efficiency and cost structure, we remain confident of our margin guidance band of 22% - 24% for the full year.”

“Driven by strong Q1 and visibility driven by deal signings, backed by robust deal pipeline, we are increasing our revenue growth guidance for the year to 14% - 16% from 12% - 14% previously.”

“Moshe, so I think as we had given the guidance at the beginning of this year of 22% to 24% and coming on the back of 24.5% last year, I think we were clear that there would be some headwinds – we got the one-off benefits during FY21 and we had articulated that clearly in terms of travel, facility, some other discretionary costs, the deferred costs like wage hikes, promotions, etc., which were put on hold.”

Some of the highlights of our results are

1

Some of the highlights of our results are

1. Revenues were $3.78 bn, which is a growth of 16.9% YoY and 4.8% sequentially in constant currency. 2. Our digital business grew by 42% YoY and now constitutes 53.9% of our overall revenues. 3. We had broad-based growth across all our sectors, service lines and geographies. 4. Financial Services grew by 23%, Retail 22%, Life Sciences 21%, Manufacturing 19%, the North American geography by 21%. 5. Our large deals were at $2.6 bn; large deals are deals over $50 mn in value. 6. Operating margins were strong at 23.7%. 7. We had a tremendous focus on our employee, especially related to the well-being and to the new talent expansion approach that we have with employees. 8. Free cash flow was strong at $863 mn, 18.5% higher than the same quarter in the previous year. 9. Attrition increased to 13.9%. 10. We had a net headcount increase of 8,000, attracting leading talent from the market. We remain comfortable with our ability to support our clients in their digital transformation journey. Ou