Infosys Technologies Announces Results for the Quarter and Year Ended March 31, 2009 Fiscal 2010 Revenues Expected to Grow by 1.7% to 5.7%; to Decline

Consolidated results for the quarter ended March 31, 2009

-- Income was Rs. 5,635 crore for the quarter ended March 31, 2009; YoY growth was 24.1%

-- Net profit after tax was Rs. 1,613 crore for the quarter ended March 31, 2009; YoY growth was 29.1%

-- Earnings per share increased to Rs. 28.16* from Rs. 21.83 in the corresponding quarter in the previous year; YoY growth was 29.0%

Consolidated results for the year ended March 31, 2009

-- Income was Rs. 21,693 crore for the year ended March 31, 2009; YoY growth was 30.0%

-- Net profit after tax* before exceptional item was Rs. 5,988 crore for the year ended March 31, 2009; YoY growth was 28.5%

-- Earnings per share* before exceptional item increased to Rs.104.60 from Rs. 81.53 in the previous year; YoY growth was 28.3%

* The net profit for the quarter and year ended March 31, 2009 includes a reversal of tax provisions pertaining to earlier period amounting to Rs. 15 crore and Rs. 108 crore, respectively (Rs. 20 crore and Rs. 121 crore for the quarter and year ended March 31, 2008). Excluding this reversal, the earnings per share for the quarter and year ended March 31, 2009 would have been Rs. 27.90 and Rs. 102.71(Rs. 21.49 and Rs. 79.42 for the quarter and year ended March 31, 2008 respectively) resulting in a YoY growth of 29.8% and 29.3%, respectively.