Annual Report 2003-2004 of Infosys

It is a broadly described annual report of Infosys in the year of 2003-2004. During the financial year, The Company’s Total revenue increased to Rs. 4,760.89 Crore from Rs. 3,622.69 Crore in the previous year – a growth rate of 31.4%. Export revenues increased to Rs. 4,694.69 Crore from Rs. 3,543.51 Crore in the previous year – a growth rate of 32.5%. The operating profit increased by 24.5%, from Rs. 1,272.04 Crore (35.1% of total revenues) in the previous year to Rs. 1,583.65 Crore (33.3% of total revenues). The profit after tax increased to Rs. 1,243.47 Crore (26.1% of total revenue) from Rs. 957.93 Crore (26.4% of total revenue). The company issued 3,97,978 shares on the exercise of stock options, under the 1998 and 1999 employee stock option plans. Due to this, the outstanding Sued, subscribed and paid-up equity share capital increased from 6,62,43,078 shares during the previous year, to 6,66,41,056 shares as of 31^st March 2004.

The Board of Directors has recommended a final dividend of Rs. 15.00 per share (300% on a par value of Rs. 5/-), and a one-time special dividend of Rs. 100.00 per share (2,000% on a par value of Rs. 5/-) aggregating to Rs. 129.50 per share (2,590% on a par value of Rs. 5/-), for the current year. The total dividend for the year is Rs. 196.05 Crore, as against Rs. 178.81 Crore for the previous year.

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