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Infosys

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Infosys

  1. 1. Infosys
  2. 2. Consistently Growing Revenues atHigh Double Digit Rates $M Sales ($M) 8000 6,994 7000 6,041 6000 5000 4,663 4,804 4,176 4000 3,090 3000 2,152 2000 1,592 1,063 1000 754 414 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Revenues Grew 32.7% CAGR between 2002 and 2012* - 2012 is TTM data
  3. 3. Earnings Per Share (EPS) Growing inHigh Double Digits EPS EPS 3.5 3.00 3 2.61 2.5 2.24 2.30 2.02 2 1.49 1.5 1.01 1 0.77 0.51 0.5 0.37 0.25 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 EPS Grew 28.2% CAGR between 2002 and 2012* - 2012 is TTM data
  4. 4. Return on Equity is Close to 30% with NoLong Term Debt on the Balance Sheet 40 Return for Equity % 35 33.40 33.90 31.30 31.20 29.80 30.60 30.20 29.50 30 28.30 24.50 24.50 25 20 15 10 5 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Consistently High Return on Equity Over the Last Ten Years with No Long Term Debt on the Books* - 2012 is TTM data
  5. 5. Trading at Discount to Peers Wiproand Cognizant Infosys Target Company Valuation Trading at a Discount to Peers
  6. 6. Adjusting for Cash, Target Company Provides Margin of Safety Infosys Wipro Cognizant Accenture IBM Cash Per Share $6.51 $0.77 $8.1 $8.6 $10.6 PE 15.3 22.5 26.1 17.04 15.47 PE Adjusted for 13.16 19.14 22.74 14.2 14.53 Cash ROE% 31.2% 21.2% 24.3% 51.6% 59% Debt to Equity - 0.09 - - 1.54 ROA% 26.8% 13.5% 17.4% 16.3% 10.6% Dividend Yield % 1.5% 1.3% - 1.7% 1.4% Revenue Growth CAGR (2002- 32.7% 26.1% 36.0% 12.7% 6.5% 2012) EPS Growth CAGR (2002- 28.2% 21.0% 35.4% 31.1% 20.4% 2012) Stock Price (April $46.92 $9.77 $74.18 $65.00 $207.55 27)* - 2012 is TTM data

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