FINANCIAL PERFORMANCE FOR THE YEAR ENDED MARCH 31, 2001 FINANCIAL PERFORMANCE FOR THE YEAR ENDED...
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Transcript of FINANCIAL PERFORMANCE FOR THE YEAR ENDED MARCH 31, 2001 FINANCIAL PERFORMANCE FOR THE YEAR ENDED...
FINANCIAL PERFORMANCE FOR THE YEAR ENDED MARCH 31, 2001
FINANCIAL PERFORMANCE FOR THE YEAR ENDED MARCH 31, 2001
All brand names, product names or logos referenced in this presentation are trademarks or registered trademarks of their respective companies or organizations © 2001 Infosys All rights reserved
--------20th Annual General Meeting--------
© 2001 Infosys All rights reserved
20th Annual General Meeting
This presentation may contain certain forward looking statements. The company may not achieve results as expressed or implied by such forward looking statements. Actual results could differ materially from those expressed or implied in such forward looking statements due to a number of factors including those discussed under the head "Risk factors" in the company's filings with the United States Securities and Exchange Commission. Do not place undue reliance on these forward looking statements. This presentation contains references to findings of various reports available in the public domain. The company makes no representation as to their accuracy or that the company subscribes to those findings. They are provided only by way of information.
This presentation may contain certain forward looking statements. The company may not achieve results as expressed or implied by such forward looking statements. Actual results could differ materially from those expressed or implied in such forward looking statements due to a number of factors including those discussed under the head "Risk factors" in the company's filings with the United States Securities and Exchange Commission. Do not place undue reliance on these forward looking statements. This presentation contains references to findings of various reports available in the public domain. The company makes no representation as to their accuracy or that the company subscribes to those findings. They are provided only by way of information.
© 2001 Infosys All rights reserved
20th Annual General Meeting
Highlights
More than 100% year-on-year growth in Revenue and Profit after tax before extraordinary items in all the four quarters during the year
Total dividend of Rs. 10.00 per share (200% on par value of Rs. 5) for the year taking the total amount of dividend to Rs. 66.16 crore as against Rs. 29.76 crore for the previous year
FII investment limit increased to 49% from 40%
Awarded silver shield for best presented accounts by ICAI, for the sixth consecutive time
More than 100% year-on-year growth in Revenue and Profit after tax before extraordinary items in all the four quarters during the year
Total dividend of Rs. 10.00 per share (200% on par value of Rs. 5) for the year taking the total amount of dividend to Rs. 66.16 crore as against Rs. 29.76 crore for the previous year
FII investment limit increased to 49% from 40%
Awarded silver shield for best presented accounts by ICAI, for the sixth consecutive time
© 2001 Infosys All rights reserved
20th Annual General Meeting
921.46
1959.94
113%
113%
2000 2001
Total income (Rs.cr)
869.70
1874.03
378.88
808.92
Exports (Rs.cr)
2000 2001
Operating profit(Rs.cr)
20012000
Year at a glance
115%
115%
114%
114%
© 2001 Infosys All rights reserved
20th Annual General Meeting
* From ordinary activities
Year at a glance (contd…)
325.65
696.03
2000 2001
PBT(Rs.cr)
285.95
623.32
PAT*(Rs.cr)
2000 2001
Basic EPS*(Rs)
20012000
94.23
43.23
114%
114%
118%
118%
118%
118%
© 2001 Infosys All rights reserved
20th Annual General Meeting
41.1% 41.3%
2000 2001
PBIDT (%)
35.3% 35.5%
PBT* (%)
2000 2001
PAT* (%)
20012000
31.8%31.0%
Year at a glance (contd…)
* From ordinary activities
© 2001 Infosys All rights reserved
20th Annual General Meeting
Extra-ordinary items
Infosys piloted the venture – OnMobile Systems Inc as part of the incubation scheme for employees to launch their own ventures while continuing to derive benefits from a close association with the company.
During the year, Infosys transferred its intellectual property rights in the Onscan product – a web enabled notification product to OnMobile Systems Inc for a gross consideration of Rs 8.93 crore (Rs 5.49 crore – net of tax) received in the form of equity, preferred voting and non-voting securities
Infosys piloted the venture – OnMobile Systems Inc as part of the incubation scheme for employees to launch their own ventures while continuing to derive benefits from a close association with the company.
During the year, Infosys transferred its intellectual property rights in the Onscan product – a web enabled notification product to OnMobile Systems Inc for a gross consideration of Rs 8.93 crore (Rs 5.49 crore – net of tax) received in the form of equity, preferred voting and non-voting securities
© 2001 Infosys All rights reserved
20th Annual General Meeting
Provision for investments
Pending the conclusion of liquidation proceedings, provision has been made for investments and accounts receivable in EC Cubed Inc., and Alpha Thinx Mobile Phone Services AG.
Rs.cr
Investment Accounts Cumulativereceivable billings
EC Cubed Inc. 13.08 4.6723.02
Alpha Thinx Mobile Phone
Services AG. 2.21 1.496.58
Total 15.29 6.1629.60
Pending the conclusion of liquidation proceedings, provision has been made for investments and accounts receivable in EC Cubed Inc., and Alpha Thinx Mobile Phone Services AG.
Rs.cr
Investment Accounts Cumulativereceivable billings
EC Cubed Inc. 13.08 4.6723.02
Alpha Thinx Mobile Phone
Services AG. 2.21 1.496.58
Total 15.29 6.1629.60
© 2001 Infosys All rights reserved
20th Annual General Meeting
Leveraging the Global Delivery Model
16 state-of-the-art development centers in India
Global development center in Toronto, Canada
6 proximity development centers in Fremont, Boston, Chicago, New Jersey, Phoenix, Arizona in the US and in London, UK
Sales and marketing offices in 25 locations across the globe
…we link customers worldwide.
16 state-of-the-art development centers in India
Global development center in Toronto, Canada
6 proximity development centers in Fremont, Boston, Chicago, New Jersey, Phoenix, Arizona in the US and in London, UK
Sales and marketing offices in 25 locations across the globe
…we link customers worldwide.
© 2001 Infosys All rights reserved
20th Annual General Meeting
20012000
68
35.6
203.4
87
57.1
413.85
42 48 57 6887
11.4 17.2 25.4 35.657.1
39.6
68.3
121
203.4
413.85
1997 1998 1999 2000 2001
Fiscal year ended March 31,
Per-capita revenues (US$ 000) Billed manmonths (‘000) Revenues (US$ Mn)
80% CAGR
50% CAGR
20% CAGR
Drivers of growth
103%
60%
28%
Fiscal year ended March 31,
© 2001 Infosys All rights reserved
20th Annual General Meeting
Revenue SegmentationRevenue Segmentation
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001
Geographic segments
73.5%
1.4%6.3%
18.8%
N.AmericaEuropeROWIndia
78.0%
5.8%1.4%
14.8%
N.AmericaEuropeROWIndia
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001
Business segments
43.7%
28.6%
10.1%
2.6%4.7%2.0%
6.0%
1.6%0.7%
Development MaintenanceRe-engineering Package implementationConsulting TestingEngineering services Other servicesProducts
40.0%
25.4%
7.2%
6.1%2.5%
2.9%
4.9%
1.7%
9.3%
Development MaintenanceRe-engineering Package implementationConsulting TestingEngineering services Other servicesProducts
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001
Vertical domains
17.8%
14.2%
19.5%
9.1%
2.2%
17.4%
1.4%
18.4%
Manufacturing Insurance
Banking & financial services Telecom
Retail Utilities
Transportation & logistics Others
23.0%
15.0%
15.1%
10.6%
2.8%
15.1%
3.0%
15.4%
Manufacturing Insurance
Banking & financial services Telecom
Retail Utilities
Transportation & logistics Others
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001
Technology segments
47.2%
25.0%
6.8%
7.4%
13.6%
Distributed systemsMainframe/mid-rangeInternetProprietary telecom systemsOthers
44.6%
13.6%
5.1%
8.3%
28.4%
Distributed systemsMainframe/mid-rangeInternetProprietary telecom systemsOthers
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001
Project segmentation
31.5%
68.5%
Fixed Price Time and Material
28.2%
71.8%
Fixed Price Time and Material
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001
Onsite-offshore segmentation
48.5%
51.5%
Onsite Offshore
51.5%
48.5%
Onsite Offshore
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20th Annual General Meeting
De-risking Business Portfolio RisksDe-risking Business Portfolio Risks
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Client concentration
FY 2001 FY 2000 FY 1999
Active clients 273 194 115 Clients added during the year 122 99 39 % of revenue from top client 7.3% 7.2% 6.4% % of revenue from top 5 clients 26.0% 30.2% 28.4% % of revenue from top 10 clients 39.2% 45.7% 44.0% Clients accounting for >5%
of revenues 3 4 5 Repeat business (%) 85% 87% 90% No. of million-dollar clients 80 42 35 No. of 5-million-dollar clients 19 10 6 No. of 10-million-dollar clients 11 4 - No. of 20-million-dollar clients 3 - -
FY 2001 FY 2000 FY 1999
Active clients 273 194 115 Clients added during the year 122 99 39 % of revenue from top client 7.3% 7.2% 6.4% % of revenue from top 5 clients 26.0% 30.2% 28.4% % of revenue from top 10 clients 39.2% 45.7% 44.0% Clients accounting for >5%
of revenues 3 4 5 Repeat business (%) 85% 87% 90% No. of million-dollar clients 80 42 35 No. of 5-million-dollar clients 19 10 6 No. of 10-million-dollar clients 11 4 - No. of 20-million-dollar clients 3 - -
© 2001 Infosys All rights reserved
20th Annual General Meeting
Repeat business
FY 95 FY 96 FY 97 FY 98 FY 99 FY 00 FY 01
Repeat business ($ million)FY 95 18.0 24.4 21.1 22.1 27.5 31.1 34.3 FY 96 2.2 12.1 18.3 28.6 33.6 45.9 FY 97 6.3 16.4 24.1 37.2 64.1 FY 98 11.5 28.8 47.4 69.5 FY 99 12.1 28.9 47.6 FY 00 25.2 88.2 FY 01 64.1 Total 18.0 26.6 39.6 68.3 121.0 203.4 413.9
Repeat business (% of total revenue)FY 95 100.0 91.8 53.4 32.3 22.7 15.3 8.3 FY 96 8.2 30.6 26.8 23.6 16.5 11.1 FY 97 16.0 24.0 19.9 18.3 15.5 FY 98 16.9 23.8 23.3 16.8 FY 99 10.0 14.2 11.5 FY 00 12.4 21.3 FY 01 15.5 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0
FY 95 FY 96 FY 97 FY 98 FY 99 FY 00 FY 01
Repeat business ($ million)FY 95 18.0 24.4 21.1 22.1 27.5 31.1 34.3 FY 96 2.2 12.1 18.3 28.6 33.6 45.9 FY 97 6.3 16.4 24.1 37.2 64.1 FY 98 11.5 28.8 47.4 69.5 FY 99 12.1 28.9 47.6 FY 00 25.2 88.2 FY 01 64.1 Total 18.0 26.6 39.6 68.3 121.0 203.4 413.9
Repeat business (% of total revenue)FY 95 100.0 91.8 53.4 32.3 22.7 15.3 8.3 FY 96 8.2 30.6 26.8 23.6 16.5 11.1 FY 97 16.0 24.0 19.9 18.3 15.5 FY 98 16.9 23.8 23.3 16.8 FY 99 10.0 14.2 11.5 FY 00 12.4 21.3 FY 01 15.5 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0
© 2001 Infosys All rights reserved
20th Annual General Meeting
E-business exposure
Q1 Q2 Q3 Q4FY 01
Internet & e-commercerelated revenues ($ mn) 23.0 30.8 32.5 31.2
117.5
Of this, business from – Established
corporations 62% 70% 80% 84%75%
Dot-coms & venture-funded companies 38% 30% 20% 16%
25%
Q1 Q2 Q3 Q4FY 01
Internet & e-commercerelated revenues ($ mn) 23.0 30.8 32.5 31.2
117.5
Of this, business from – Established
corporations 62% 70% 80% 84%75%
Dot-coms & venture-funded companies 38% 30% 20% 16%
25%
© 2001 Infosys All rights reserved
20th Annual General Meeting
Q1 Q2 Q3 Q4FY 01
Revenues from dot-com& internet start-up companies 10.9% 9.5% 5.8% 4.0%
7.1%
Telecom start-up companies 6.3% 2.7% 3.5% 3.0%
3.7%
Total start-up and venture funded companies 17.2% 12.2% 9.3% 7.0%
10.8%
Q1 Q2 Q3 Q4FY 01
Revenues from dot-com& internet start-up companies 10.9% 9.5% 5.8% 4.0%
7.1%
Telecom start-up companies 6.3% 2.7% 3.5% 3.0%
3.7%
Total start-up and venture funded companies 17.2% 12.2% 9.3% 7.0%
10.8%
Revenues from start-up and venture funded companies
© 2001 Infosys All rights reserved
20th Annual General Meeting
Maintained A Strong Balance SheetMaintained A Strong Balance Sheet
© 2001 Infosys All rights reserved
20th Annual General Meeting
A strong balance sheet...(Rs. crore)
Mar 31, 2001 % Mar 31, 2000 %
SOURCES OF FUNDSSOURCES OF FUNDSShare capital 33.08 2 33.08 3Reserves and surplus 1356.56 79 800.23 80Current liabilities & provisions 319.85 19 165.96 17Total 1709.49 100 999.27 100
APPLICATION OF FUNDSAPPLICATION OF FUNDSFixed assets 557.66 33 207.34 21Investments 34.12 2 13.83 1Sundry Debtors 302.37 18 136.18 14Cash and equivalents 577.74 34 508.37 51Other current assets 237.60 14 133.55 13Total 1709.49 100 999.27 100
CONTINUED TO BE A ZERO-DEBT COMPANY
(Rs. crore)
Mar 31, 2001 % Mar 31, 2000 %
SOURCES OF FUNDSSOURCES OF FUNDSShare capital 33.08 2 33.08 3Reserves and surplus 1356.56 79 800.23 80Current liabilities & provisions 319.85 19 165.96 17Total 1709.49 100 999.27 100
APPLICATION OF FUNDSAPPLICATION OF FUNDSFixed assets 557.66 33 207.34 21Investments 34.12 2 13.83 1Sundry Debtors 302.37 18 136.18 14Cash and equivalents 577.74 34 508.37 51Other current assets 237.60 14 133.55 13Total 1709.49 100 999.27 100
CONTINUED TO BE A ZERO-DEBT COMPANY
© 2001 Infosys All rights reserved
20th Annual General Meeting
159.87
463.35
2000 2001
Capital investment(Rs.cr)
53.23
112.89
Depreciation (Rs.cr)
2000 2001
Depreciation/ revenues (%)
20012000
5.85.8
...Inspite of increased Capex spending19
0%19
0%
112%112%
© 2001 Infosys All rights reserved
20th Annual General Meeting
Cash flows continue to be strong…(Rs. crore)
FY 2001 FY 2000 Operating cash flows 541.23 249.48 Financing cash flows (39.82) (21.53)
Proceeds on exercise of stock options 2.38 1.76Dividends paid (42.20) (19.92)Expenses related to issue of ADSs /ADSs linked stock options - (3.37)
Investing cash flows (452.22) (146.16)Purchases of fixed assets (463.35) (159.87)Proceeds on sale of fixed assets 0.22 0.10Long-term investments (26.63) (13.08)Income from investments 37.55 26.69
Effect of exchange differences 20.17 9.93 Net increase in cash & cash equivalents 69.36 91.71 Cash and cash equivalents, beginning of year 508.37 416.66 Cash and cash equivalents, end of year 577.74 508.37
(Rs. crore)
FY 2001 FY 2000 Operating cash flows 541.23 249.48 Financing cash flows (39.82) (21.53)
Proceeds on exercise of stock options 2.38 1.76Dividends paid (42.20) (19.92)Expenses related to issue of ADSs /ADSs linked stock options - (3.37)
Investing cash flows (452.22) (146.16)Purchases of fixed assets (463.35) (159.87)Proceeds on sale of fixed assets 0.22 0.10Long-term investments (26.63) (13.08)Income from investments 37.55 26.69
Effect of exchange differences 20.17 9.93 Net increase in cash & cash equivalents 69.36 91.71 Cash and cash equivalents, beginning of year 508.37 416.66 Cash and cash equivalents, end of year 577.74 508.37
© 2001 Infosys All rights reserved
20th Annual General Meeting
1999-2000 2000-2001Days of sales receivable - 56 days Days of sales receivable - 58 days
Age profile of Accounts Receivable
Age profile of Accounts Receivable
...While receivables are continuously monitored.
1.7%
64.7%
31.8%
1.8%
0-30 31-60 61-90 >90
2.5%
69.2%
26.6%
1.7%
0-30 31-60 61-90 >90
© 2001 Infosys All rights reserved
20th Annual General Meeting
Other Key Performance IndicatorsOther Key Performance Indicators
© 2001 Infosys All rights reserved
20th Annual General Meeting
Effort and margins analysis
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
40.0%
41.0%
42.0%
43.0%
44.0%
45.0%
46.0%
47.0%
48.0%
49.0%
50.0%
51.0%
Bench and trainingmanmonths
2,420 3,419 4,186 3,254 3,982 6,877 7,691 9,077
US GAAP gross margins(%)
48.1% 45.6% 45.3% 43.7% 47.7% 48.7% 47.3% 49.6%
Q1 FY00
Q2 FY00
Q3 FY00
Q4 FY00
Q1 FY01
Q2 FY01
Q3 FY01
Q4 FY01
© 2001 Infosys All rights reserved
20th Annual General Meeting
40.6%
56.1%54.2%
2000 20011999
Return on Average Net Worth (RONW)
46.3%
62.6%63.5%
2000 20011999
Return on Capital Employed (ROCE)
111.7%105.7%
93.5%
2000 20011999
Return on Invested Capital (ROIC)
Other performance indicators
© 2001 Infosys All rights reserved
20th Annual General Meeting
1.251.711.36
2000 20011999
Capital Output Ratio
3.66 3.343.64
2000 20011999
Invested Capital Output Ratio
63.84
13.4418.08
2000 20011999
Enterprise value/total revenue (X)
Other performance indicators
© 2001 Infosys All rights reserved
20th Annual General Meeting
* From ordinary activities.
Other performance indicators
43.23
94.23
20.71
2000 20011999
EPS* (Rs.)
51.28
111.29
26.30
2000 20011999
Cash EPS* (Rs.)
4.5010.00
3.75
2000 20011999
Dividend per share (Rs.)
Restated on par value of Rs.5 and adjusted for bonus issues in earlier years.
© 2001 Infosys All rights reserved
20th Annual General Meeting
125.97
210.05
86.84
2000 20011999
Book value (Rs.)
207.48
43.1970.74
2000 20011999
Price Earnings (x)
151,076
68,547
24,632
2000 20011999
Market price/Adjusted IPO price (%)
Restated on par value of Rs.5 and adjusted for bonus issues in earlier years.
Other performance indicators
© 2001 Infosys All rights reserved
20th Annual General Meeting
FY 2001 FY 2000 FY 1999
Brand value (Rs.cr) 5,376 5,246 1,727
EVA (Rs.cr) 389.02 129.06 70.78
Value added (Rs.cr) 1,563.18 723.31 374.11
HR value (Rs.cr) 5,123.42 2,237.42 945.70
Education index 28,725 15,544 10,731
Average age ofemployees (years) 25.67 26.14 26.14
Revenue from image enhancing clients (%) 52% 47% 49%
FY 2001 FY 2000 FY 1999
Brand value (Rs.cr) 5,376 5,246 1,727
EVA (Rs.cr) 389.02 129.06 70.78
Value added (Rs.cr) 1,563.18 723.31 374.11
HR value (Rs.cr) 5,123.42 2,237.42 945.70
Education index 28,725 15,544 10,731
Average age ofemployees (years) 25.67 26.14 26.14
Revenue from image enhancing clients (%) 52% 47% 49%
Strength of the invisibles
© 2001 Infosys All rights reserved
20th Annual General Meeting
Financial HighlightsFinancial Highlights
US GAAPUS GAAP
© 2001 Infosys All rights reserved
20th Annual General Meeting
Amounts in US$ mn
Year at a glance
203.44
413.85
2000 2001
Revenues
92.36
200.24
60.50
137.51
Gross profit
2000 2001
Operating income
20012000
103%
103%
117%
117%
127%127%
© 2001 Infosys All rights reserved
20th Annual General Meeting
65.62
142.59
2000 2001
Operating income (excl. stock comp)
61.34
131.95
66.46
137.03
Net income
2000 2001
Net income (excl. stock comp)
20012000
Amounts in US$ mn
Year at a glance (Contd…)11
7%11
7%
115%
115%
106%
106%
© 2001 Infosys All rights reserved
20th Annual General Meeting
Year at a glance (Contd…)
32.3%34.5%
2000 2001
Operating income (excl. stock comp)
/ revenues
32.7% 33.1%
1.01
2.08
Net income (excl. stock comp)
/ revenues
2000 2001
Basic EPS(excl. stock comp)
($)
20012000
106%
106%
© 2001 Infosys All rights reserved
20th Annual General Meeting
US GAAP and Indian GAAP reconciliation(US$ Mn)
FY 2001 FY 2000
Net profit as per Indian GAAP 136.84 67.78
Adjustments
Deferred tax 0.77 0.85
Provision for retirement benefit to
employees 0.74 (0.74)
Employee stock-based compensation (5.08) (5.12)
Provision for contingencies/e-inventing (0.09) (1.42)
Transfer of intellectual property rights
(net of tax) (1.23) -
Net income as per US GAAP 131.95 61.34
(US$ Mn)
FY 2001 FY 2000
Net profit as per Indian GAAP 136.84 67.78
Adjustments
Deferred tax 0.77 0.85
Provision for retirement benefit to
employees 0.74 (0.74)
Employee stock-based compensation (5.08) (5.12)
Provision for contingencies/e-inventing (0.09) (1.42)
Transfer of intellectual property rights
(net of tax) (1.23) -
Net income as per US GAAP 131.95 61.34
© 2001 Infosys All rights reserved
20th Annual General Meeting
Service To InvestorsService To Investors
© 2001 Infosys All rights reserved
20th Annual General Meeting
Investor services
87.7% of share transfers in physical form completed within 15 days during the year
Investor grievances/ correspondence attended to within a period of 10 days (Except in cases constrained by disputes or legal impediments)
Over 98% of the company’s shares are now held in electronic form
Pending share transfer related litigation - 13 cases
87.7% of share transfers in physical form completed within 15 days during the year
Investor grievances/ correspondence attended to within a period of 10 days (Except in cases constrained by disputes or legal impediments)
Over 98% of the company’s shares are now held in electronic form
Pending share transfer related litigation - 13 cases
© 2001 Infosys All rights reserved
20th Annual General Meeting
Community InitiativesCommunity Initiatives
© 2001 Infosys All rights reserved
20th Annual General Meeting
Community services
Grants of Rs.5.26 crore during the year to Infosys Foundation, a not-for-profit trust to support initiatives that benefit society-at-large
Continued the social programs initiated in 1999 – Catch Them Young, Rural Reach and Train The Trainer.
Covered about 800 urban children from 100 schools, 2,000 children in rural schools (in five languages), and 90 engineering college teachers from over about 60 colleges across the country
Infosys has donated 744 computers to 272 institutions across India through its Computers@ classrooms initiative launched in January 1999
Grants of Rs.5.26 crore during the year to Infosys Foundation, a not-for-profit trust to support initiatives that benefit society-at-large
Continued the social programs initiated in 1999 – Catch Them Young, Rural Reach and Train The Trainer.
Covered about 800 urban children from 100 schools, 2,000 children in rural schools (in five languages), and 90 engineering college teachers from over about 60 colleges across the country
Infosys has donated 744 computers to 272 institutions across India through its Computers@ classrooms initiative launched in January 1999
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20th Annual General Meeting
Our Efforts Were Well RecognizedOur Efforts Were Well Recognized
© 2001 Infosys All rights reserved
20th Annual General Meeting
Awards won during the year
For the sixth year in succession, Infosys received the silver shield from the Institute of Chartered Accountants of India for the Best Presented Accounts for 1999-2000
Asiamoney poll of financial analysts voted Infosys the best in management among the listed companies in India for the fifth time in a row
The Far Eastern Economic Review rated Infosys as the No.1 company in India in the Review 2000, an annual survey of India’s leading companies
For the sixth year in succession, Infosys received the silver shield from the Institute of Chartered Accountants of India for the Best Presented Accounts for 1999-2000
Asiamoney poll of financial analysts voted Infosys the best in management among the listed companies in India for the fifth time in a row
The Far Eastern Economic Review rated Infosys as the No.1 company in India in the Review 2000, an annual survey of India’s leading companies