Infosys

Digital Differentiation and Large Deal Momentum Drive Industry-leading Growth in FY21 - Seite 2

1. Key highlights for the quarter and year ended March 31, 2021

For the quarter ended March 31, 2021 For the year ended March 31, 2021
Revenues in CC terms grew by 9.6% YoY Revenues in CC terms grew by 5.0% YoY
and 2.0% QoQ Reported revenues at Reported revenues at $13,561 million,
$3,613 million, growth of 13.0% YoY growth of 6.1% YoY Digital revenues at
Digital revenues at 51.5% of total 48.5% of total revenues, YoY CC growth
revenues, YoY CC growth of 34.4% of 29.4% Operating margin at 24.5%,
Operating margin at 24.5%, increase of increase of 3.2% YoY Basic EPS at
3.4% YoY and decline of 0.9% QoQ Basic $0.62, growth of 12.5% YoY FCF at
EPS at $0.16, growth of 18.0% YoY FCF $2,973 million, YoY growth of 38.5%;
at $799 million, YoY growth of 34.7%; FCF conversion at 113.3% of net profit
FCF conversion at 114.6% of net profit


"Despite the disruptions, we continue to execute seamlessly with broad-based
momentum across verticals. This has led to healthy volume growth and record
utilization in a seasonally soft quarter", said Pravin Rao, COO . While our
employees continue to work from home through this health crisis, we remain
focused on their wellness, including facilitating vaccination rollout for
eligible employees. Attrition has picked up, largely reflecting a strong demand
environment, but we remain confident of our employee engagement initiatives,
vast talent pool and training capabilities to ensure seamless execution," he
added.

"FY21 was a landmark year with superior shareholder returns backed by robust
operating metrics and strong growth across revenue, margins and free cash
flows", said Nilanjan Roy, CFO. "Executing on our capital allocation policy, the
company proposes to increase the total dividend per share by 54% over previous
year and Buyback of Equity shares of up to INR9,200 crore", he added.

2. Capital Allocation

The Board in its meeting held today approved the following:

- Buyback of Equity Shares, from the open market route through the Indian stock
exchanges, amounting to INR9,200 crore (Maximum Buyback Size, excluding
buyback tax) (app. $1.23 billion*) at a price not exceeding INR1,750 per share
(Maximum Buyback Price) (app. $23.3 per ADS*), subject to shareholders'
approval in the ensuing AGM.
- For FY 21, the Board has recommended a final dividend of INR15 per share
($0.20 per ADS*). Together with the interim dividend of INR12 per share
already paid, the total dividend per share for FY 21 will amount to INR27
(app. $0.36 per ADS*) which is a 54% increase over FY 20. With this, the
company has announced total dividend of INR11,500 crore (app. $1.53 billion*)
for FY21.

*USD-INR rate of 75.00