Annual Report 2001-2002 of Infosy

It is a broadly described annual report of Infosys in the year of 2001-2002. The company’s revenues grew by 37.0% during the fiscal year 2002 – from Rs. 1,900.6 Crore in fiscal 2001 to Rs. 2,603.6 Crore in fiscal 2002. Profit after tax (PAT) from ordinary activities increased by 29.6%, from Rs. 623.3 Crore to Rs. 808.0 Crore. For the fiscal year 2002, profit before interest, depreciation, and taxes (PBIDT) as a share of total revenues stood at 39.9%; and PAT from ordinary activities as a share of total revenues was 31.0%. Basic earnings per share from ordinary activities increased by 29.6% to Rs. 122.1. Under US GAAP, revenues increased from $413.9 million in the fiscal year 2001 to $545.1 million the fiscal year 2002 – a growth of 31.7%. Operating income increased by 29.8%, from $137.5 million in fiscal 2001 to $178.5 million in fiscal 2002. Net income grew by 24.6%, from $131.9 million in fiscal 2001 to $164.5 million in fiscal 2002. Operating income as a share of revenues was 32.8%, while net income as a share of revenue stood at 30.2%. Basic earnings per share increased by 24.9% to $2.51.

The Board of Directors has recommended a final dividend of Rs. 12.50 per share (250% on a par value of Rs. 5) aggregating Rs. 20.00 per share (400% on a par value of Rs. 5), for the current year. The total amount of dividend is Rs. 132.36 Crore, as against Rs. 66.15 Crore for the previous year. Dividend (including dividend tax), as a percentage of profit after tax from ordinary activities, is 17.01%, as compared to 12.01% in the previous year.

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