INFY FY 2023 Earnings Report — Infosys Limited Revenue & Financial Results | Market Cap Arena

Infosys LimitedINFY

FY 2023 Earnings

Reported June 15, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$18.2B	—	$16.3B	—	11.7%
Op. Income	$3.8B	—	$3.8B	—	1.9%
Gross Margin	30.2%	—	32.6%	—	-2.4pp
Net Margin	16.4%	—	18.2%	—	-1.8pp
EPS (Diluted)	$0.71	—	$0.70	—	1.4%
Free Cash Flow	$2.5B	—	$3.1B	—	-17.1%

Revenue Flow

Item	Amount
REVENUE	$18.2B
Cost of Revenue	$12.7B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$776M
General & Administrative	$902M
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$14.4B
OPERATING INCOME	$3.8B
Interest Income	$226M
Interest Expense	$35M
Other Income/Expenses	$300M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$526M
EBIT	$4.2B
EBITDA	$4.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$18.2B
Cost of Revenue	$12.7B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$776M
General & Administrative	$902M
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$14.4B
OPERATING INCOME	$3.8B
Interest Income	$226M
Interest Expense	$35M
Other Income/Expenses	$300M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$526M
EBIT	$4.2B
EBITDA	$4.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.0B
Depreciation & Amortization	$524M
Stock-Based Compensation	$64M
Deferred Income Tax	$1.1B
Other Non-Cash Items	-$1.1B
Change in Working Capital	-$804M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$319M
Acquisitions (Net)	-$113M
Purchases of Investments	-$10.7B
Sales/Maturities of Investments	$10.8B
Other Investing Activities	$92M
NET CASH FROM INVESTING	-$218M
Net Debt Issuance	-$151M
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$1.7B
Other Financing Activities	-$42M
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$2.5B
Net Change in Cash	-$824M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$878M
Net Receivables	$5.4B
Inventory	$0
Other Current Assets	$169M
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$2.5B
Goodwill	$882M
Intangible Assets	$213M
Long-Term Investments	$1.7B
Tax Assets	$152M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$6.7B
TOTAL ASSETS	$15.3B
Account Payables	$470M
Short-Term Debt	$0
Deferred Revenue	$872M
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$0
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$149M
Other Non-Current Liabilities	$305M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$6.1B
Common Stock	$325M
Additional Paid-In Capital	$390M
Retained Earnings	$11.4B
Treasury Stock	$0
Accum. Other Comp. Income	$1.4B
Other Equity	-$4.3B
TOTAL STOCKHOLDERS' EQUITY	$9.2B
Minority Interest	$52M
TOTAL EQUITY	$9.2B
TOTAL LIABILITIES & EQUITY	$15.3B
Total Debt	$1.0B
Net Debt	-$471M