Annual Report 2002-2003 of Infosys

It is a broadly described annual report of Infosys in the year of 2002-2003. During the financial year, Total revenues increased to Rs. 3,622.69 Crore from Rs. 2,603.59 Crore in the previous year – a growth rate of 39.1%. Export revenues increased to Rs. 3,541.51 Crore from Rs. 2,552.47 Crore in the previous year – a growth rate of 38.8%. The operating profit increased by 22.6%, from Rs. 1,037.43 Crore (39.8% of total revenues) in the previous year to Rs. 1,272.04 Crore (35.1% of total revenues). The profit after tax increased to Rs. 957.93 Crore (26.4% of total revenue) from Rs. 807.96 Crore (31.0% of total revenue), a growth rate of 18.6%. The company issued 56,948 shares on the exercise of stock options, under the 1998 and 1999 employee stock option plans. Due to this, the outstanding issued, subscribed and paid-up equity share capital increased from 6,61,86,130 shares during the previous year, to 6,62,43,078 shares as at 31^st March 2003.

The Board of Directors has recommended a final dividend of Rs. 14.50 per share (290% on a par value of Rs. 5), aggregating to As. 27.00 per share (540% on a par value of Rs. 5), for the current year. The total amount of dividend is Rs. 178.81 Crore, as against Rs. 132.36 Crore for the previous year. Dividend (including dividend tax), as a percentage of profit after tax from ordinary activities, is 19.95%, as compared to 17.0% in the previous year.

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