Infosys

Digital Differentiation and Large Deal Momentum Drive Industry-leading Growth in FY21

Bengaluru, India (ots/PRNewswire) - - Double-digit Revenue Growth Guidance of
12%-14% for FY22

- Share Buyback of INR9,200 Crore ($1.23 bn) and Final Dividend of INR6,400
Crore ($0.85 bn) Announced

Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in
next-generation digital services and consulting, delivered strong FY21
performance with 5.0% CC growth, and growth accelerating to 9.6% in Q4 - in the
face of a turbulent economic environment. Large deal TCV for FY21 peaked to an
all-time high of $14.1 billion with 66% being net new. Operating margin for the
year expanded by 3.2% and Free Cash Flows increased by 38.5%. The Board has
recommended capital return of INR15,600 crore (app. $2.08 billion) including
final dividend of INR6,400 crore (app. $0.85 billion) and open market buyback of
shares of INR9,200 crore (app. $1.23 billion).

"I am very pleased with our performance this year and incredibly proud of our
employees for the passion and commitment they displayed despite a very tough
environment. We have crossed a milestone of `100,000 crore in revenue in FY21.
Our intense focus on client relevance, growing our digital portfolio with
differentiated capabilities like Infosys CobaltTM, and empowering employees have
helped us emerge as a preferred 'partner-of-choice' for our global clients. Our
record large deal wins stand testimony to the effectiveness of this approach",
said Salil Parekh, CEO and MD . "A strong momentum exiting FY21, alongside a
focused strategy to accelerate client digital journeys, gives us confidence for
a stronger FY22", he added.

34.4% Q4 YoY 9.6% Q4 YoY 24.5% Q4 24.5% FY 17.0% FY $2.1 bn Q4
29.4% FY CC 5.0% FY CC Operating margin Increase in EPS $14.1 bn FY
Digital growth Revenue (INR terms) Large deal
growth signings


Outlook for FY22:

- Revenue growth guidance of 12%-14% in constant currency
- Operating margin guidance of 22%-24%

In Q4, Infosys continued to expand its digital capabilities, especially with the
Infosys CobaltTM cloud portfolio. The company announced a partnership with
LivePerson for Conversational AI to help brands manage AI-powered conversations
with consumers and employees. Powered by NVIDIA DGX A100 systems, the company
also built its own applied AI cloud to provide employees simple and fast access
to AI infrastructure, expanding their ability to drive AI-driven transformation
for enterprises.

During the quarter, Infosys was also recognized as one of the World's Most
Ethical Companies in 2021 by Ethisphere Institute, US and was ranked #30 on
WSJ's 2021 list of 100 most sustainably managed companies in the world.