Q2 2024 Infosys Limited Earnings-Press conference

Speaker 1: on pressure on boarding and when you are planning to onward them and B, are you hitting the campuses at all for hiring because your head count is also down as Ritu pointed out. Thank you.

Bidding.

And.

Hum.

When you're planning to onboard them and B are you hitting the campuses at all you know.

For hiring because your head count is also down.

As rich pointed out thank you.

Speaker 2: So thanks for that question. I think what we're seeing in the environment today is

So thanks for that question I think.

What we are seeing in the environment today is.

Speaker 2: different things. One, on the digital programs and on the discretionary work.

Different things.

One on the digital programs and on the discretionary work, there's a continuous attention by clients to reduce auto stop them. So that's where we see the impact on one side of the revenue on the other side there is a tremendous.

Speaker 2: there is a continuous attention by clients to reduce or to stop them. So that's where we see the impact on one side of the revenue. On the other side, there is a tremendous interest in cost efficiency automation, where we happen to have a huge advantage in the market, where we believe we are gaining market share by winning so many of these large and mega deals.

Interest in cost efficiency automation, where we happen to have a huge advantage in the market, where we believe we are gaining market share by winning so many of these large and mega deals.

Speaker 2: Many of these deals have time as they start to ramp up.

Many of these deals as time as they start to ramp up the way they are structured the way the transitions happen.

Speaker 2: the way that they are structured, the way the transitions happen.

Speaker 2: We see those ramp ups, those scaling up of the large and mega deals.

You see those ramp ups those scaling up of the large and mega deals more out into the future back end of the year and as as some of the new deals coming on beyond that so those are the two dynamics that we see and then we combine that we were.

Speaker 2: more out into the future, back end of the year, and as some of the new deals are coming on, beyond that. So those are the two dynamics that we see. And then we combine that. We were fortunate, and we executed a very strong quarter, as you rightly point out. And we will continue to execute. But we are also aware, and we want to make sure that we communicate that, what the environment looks like.

Fortunately then we executed a very strong quarter as you rightly point out and we will continue to execute but we are also aware and we want to make sure that would be communicate that or what the environment looks like and things in that environment change.

Speaker 2: and things in that environment change in a dynamic basis. So we want to make sure that that gives the range of what our guidance communicates.

The dynamic basis, so we want to make sure that that gives a range of what our guidance communicates.

Speaker 2: So on the fissures, I think last year we had about 50,000 odd fissures.

So under pressure, but I think when last year, we hired about 50000 odd pressures and in a way we hired ahead of <unk>.

Speaker 2: and in a way we hired ahead of the demand predicted which we had. Now with that slowing down over this year our utilisation as you saw actually had fallen into the 70s.

Our demand predicted with rehab now with that slowing down or this year, our utilization that you saw actually had fallen into the seventies.

Speaker 3: and therefore now slowly quarter on quarter you are seeing an improvement. So we still have a significant pressure bench. You know with us we are actually of course training them on new skills like Gen AI, SAP, etc. But we still have a way on utilization to go. So at the moment we are not going to the campuses as yet. And we will monitor this every quarter looking at our future projections and then accordingly decide when do we go back.

And therefore now slowly quarter on quarter, you are seeing an improvement. So we still have a significant pressure bench here now with as we activate cross training them on new skills like Jenny I S. A P et cetera, but we still have a way on utilization to go so at the moment, we are not going to the campuses as yet.

And we will monitor this every quarter looking at our future predictions and then accordingly decided when do we go.

Go back.

You've already given.

Speaker 3: So we are committed to whoever we give an offer. So whoever we give an offer, we will onboard them. And these are as soon as projects come up, timing, et cetera. And they will be on order appropriately.

So we are committed to wherever you're given offers.

So where are we gonna offers we will onboard them and these as soon as projects come up timing et cetera, and they will be on order appropriately.

Speaker 1: Hi, good evening. Yesterday TCS said that they are calling all the employees back to office five days a week. What are your return to work plans like? Because we've heard that employees have enough to come say two days a week or something of the sort. What are your plans on that front and what the variable pay will be like for this quarter?

Hi, Good evening yesterday piece, you said that you don't think they calling all the employees back to office five days a week, whether you want it onto a plant like because he brought that union employees have been asked to come to two days a week or something of the sort of what are your plans on that front and what does that it won't be it will be like for this quarter.

Speaker 2: So on the variable we don't disclose that as you know in this sort of a forum

So on the variable we don't disclose that as you know are in this sort of a forum.

Speaker 2: On the return to work or return to office, we've been consistent with the same approach for the last several quarters, almost two years. We are very clear that we want to remain flexible with our employees.

On the return to work or return to office.

We've been consistent with the same approach for the last several quarters almost two years.

We are very clear that we want to remain flexible with our employees.

Speaker 2: Having said that, every quarter, every week we are seeing more and more employees back into the campus. And we believe this will continue on. There are some instances for example with specific client work or specific type of work

Having said that every quarter every week, we are seeing more and more employees back into the campus and we believe this will continue on and there are some instances for example, with specific client work or specific type of engagement, where we are seeing.

Speaker 2: engagement where we feel it's better that everyone is working together in the office and for that the employees are back anyway. But in general our view is we want to support this flexible approach. It's something that we believe is appropriate given how we set up the the work from home infrastructure and so we will continue with it at this stage.

It's better that everyone is working together in the office and for that the employees are back anyway, but in general our view is we want to support. This flexible approach is something that we believe is appropriate given how we set up the work from home infrastructure.

And so we will continue with it at this stage, but there will be specific areas, whether its projects or type of work where women for clients. When the need is there the employees will be on campus.

Speaker 2: But there will be specific areas, whether it's projects or type of work, where for clients, when the need is there, the employees will be on camera.

Speaker 2: So now every week is going up right now. We have for the individuals who are in the locations of our delivery centers, over 70% of them are on campus at some stage in the week.

So now every week is going up right now we have for the individuals who are in the locations of our delivery centers over 70% of them are on campus at some stage in the week.

Speaker 2: The next question is from the economic times, Bila and Sai.

Thank you. The next question is from the economic times benign Fay.

Speaker 4: Hi, I just want to know, you've seen flatish growth overall in the revenues. And we've seen Latin America, which is one of the strongest regions also growing flat.

Hi.

So I just want to know you know you've seen flattish growth overall in the.

Revenues and we've seen North America, which is one of the strongest.

And also do inflect.

Speaker 4: You are the passing significant growth. Could you give us a sense on where it has grown in the regions? And if you could also give us a sense on overall, why would a hike not given in the previous years, if we could just get a reason on what really went wrong, what are the reasons that you have given the employees?

Europe has seen significant growth could you give us a sense on where it has grown in the regions and.

And you could also give us a sense on overall.

Why without hikes not given in the previous years.

If you could just give it a reason on what really went wrong. What are the reasons that you would you have to give them the employees.

Speaker 4: And in terms of new clientele growth as well, if you could just give us a sense why has it been flat? And given that it's a strong quarter, what are the reasons that we've seen new clientele growth and even additional or existing renewables have not been as great as it should have been. Given that the next two quarters will also be kind of bleak, what is your sense or outlook on the same?

In terms of new clientele Grottos, well, if you could just give us a sense why has it been flat and given that it's a strong quarter.

What are the reasons that we've seen.

New clientele growth I'm, even additional or existing.

The new rules have not been as great.

Street as it should have been given that the next two quarters will also be kind of bleak what is your sense our outlook on the same.

Speaker 2: So let me start. I think with the Europe US point first.

So let me start I think with.

With the Europe U S 0.1st.

We saw good growth in the quarter overall, so sort of 2.3 quarter on quarter 2.5 year on year U S was.

Speaker 2: We saw good growth in the quarter overall. So 2.3 quarter and quarter, 2.5 year on year. US was positive, that's small. And Europe was at about 5% in constant currency year on year. We've seen consistently, as you pointed out over the last few quarters, the Europe growth has been stronger than what we've seen in the US.

Positive, but small in Europe was at about 5%.

Constant currency year on year, we've seen consistently as you pointed out over the last few quarters.

The Europe growth has been stronger than what we've seen in the U S.

Speaker 2: Some of that is a function of what we are seeing in the industries. So we've seen good growth in manufacturing, for example, and we've seen that reflected some of the

Some of that is a function of what we're seeing in the industries. So we've seen good growth in manufacturing for example, and we've seen that reflected.

Some of the.

Speaker 2: Countries within Europe , we've seen stronger growth, we don't break it out by country, but we've seen some of the countries doing quite well. We've also seen, for example, lifestyles have a good growth across the company, while we've seen some constraints and retail, the overall growth here on here for retail is still quite strong, and that's more distributed with the different geographies.

Our countries within Europe , we've seen stronger growth, we don't break it out by country, but we've seen some other countries are doing quite well. We've also seen for example life sciences have a good growth across the company.

While we have seen some constraints in retail the overall growth year on year for retail is still quite strong and that's more distributed with the different geographies.

Speaker 2: In terms of the salary changes, we follow a normal pattern of making the salary changes and this is what we've done. We don't consider that there was any constraint in the past. There have been years where we've done two salary increases in 18 months. So it's nothing where we think that what we did in the past was different from that.

In terms of the salary changes.

Although our normal pattern of making the salary changes and this is what we've done we don't consider that there was any constraint in the past there have been years, where we've done.

Two salary increases in 18 months. So it's nothing wherever you think that what we did in the past was different from that sensor.

Speaker 2: There was nothing different, so there was no question of a reason in that sense.

There was nothing different so there was no question of a reason in that sense.

In a few of the mic please.

Could you give us a sense on which has been the highest crude in terms of European region.

Speaker 2: which have been the highest growth in terms of your opinion region. So there we don't share the break up. Not even the highest.

So there we don't share we don't share the breakup.

Yes.

Speaker 2: Not even the highest look region. We don't. We don't. Thank you. Thank you. Just start.

Not even the highest look region, we don't.

Thank you. Thank you.

I wanted to.

Speaker 5: like, you know, what are they actually saying, you know, they're probably going up the moon budgets from the January , so any moon changes there and I just wanted to know, I've been changing the hike cycle now because now it's been already in November , so I know if it's something that's going to change, thank you.

Musicians Lake.

What are they actually seeing you know.

Probably drawing up the new budgets from January so.

Okay.

I just wanted to know.

There'll be no change in the hikes economic because knowledge.

We are not in November so is it something to tell going change. Thank you.

Speaker 2: On the client conversations, I think there's a lot of discussions the clients are having much more on cost on efficiency and they're becoming more cautious.

On the client conversations.

I think that there's a lot of discussions that clients are having much more on cost on efficiency and then becoming more cautious.

Speaker 2: certainly not launching new digital transformation programs. When they want to do that, some of that is getting funded by the cost and efficiency programs. And if they're discretionary projects, they're being much more cautious if they're absolutely needed, they're looking at them. So that's the sort of a tone that we are seeing.

Suddenly now launching new digital transformation programs when they want to do that.

Some of that is getting getting funded by the cost and efficiency programs.

And then the discretionary projects they are being much more cautious.

If this absolutely needed theyre looking at them. So that's a sort of a tone that we're seeing.

Speaker 2: When we have a strong proposition as we do on automation, on efficiency, we get a lot of connects with the client today. And that's where we're seeing some of these large Omega Deez coming in.

When we have a strong proposition as we do on automation on efficiency, we get a lot of connects with the client today and that's where we're seeing some of these large or mega deals coming in.

Speaker 3: Thank you. So, I think we hear a question on the heights. I think we'll take it, you know, every quarter, we have a look at the overall environment, what is competition doing, so there's nothing decided in terms of when the next hike is ready. The next question.

Thank you Tony.

So on the I think we had a question on your hikes I think it will take it you know every quarter. We have a look at the oil environment. What is competition doing towards Theres nothing decided in terms of when the next hike is good.

The next question is from the India business Lanehart appear.

Hi, guys.

Speaker 1: One, how are the pricing conversation changing given the Matt Ryan environment? Have you had to budge on to be competitive? Another one, some color on the kind of AI deals that are signing. Do you think the revenue translation here will be faster and better than the other sort of deals? And you know,

One how are the pricing conversations changing given.

The macro environment have you had to budge on.

To be competitive.

One some color on the kind of the ideal state of timing.

Do you think the revenue translation here, it will be faster and better than.

Then the other sort of deals and.

Yep.

Yes.

Speaker 3: So the pricing is easy. I think it's largely been stable. Some quarters, we see some pressures, some quarters. There are some clients who come back with discount. Some clients, you are able to push a price rise, et cetera. But by and large, it's being quite steady. I don't think anything specific on a longer term basis. And on the projects, I think it's...

So on the pricing is easy I think it's largely been stable some quarters, we see some pressure some quarters. You know there were some clients who come back with discount some clients, we are able to push it.

Our price rise et cetera, but by and large it's been quite steady I don't think anything specific on a longer term basis.

And on the projects I think you said for AI projects for.

Speaker 2: For the ear projects, I mean those we're doing a tremendous amount of work on generative AI, we're working with open source and proprietary large language models. We're working in a way

So they are projects.

Those we are doing a tremendous amount of work on generative AI, they're working with.

Open source and proprietary lives language models, we're working in a way where we look at lateral data sets that promotes what is going on within our client.

Speaker 2: where we look at narrow data sets that promotes what is going on within a client. We've developed an extremely well thought through methodology of what clients can look at when they go into an AI transformation. And with all of this is in TOPAL, and with that, we are seeing good resonance with our clients on TOPALs. We're training large numbers of our employees on that.

We've developed an extremely well.

Talk through.

Methodology of what clients can look at when they go into an AI transformation and with all of this isn't topaz and with that we are seeing good resonance with our clients on Topaz, we're training large numbers of our employees on that revenue translation. Today. These are small projects.

Speaker 2: The revenue translation today, these are small projects. So we are not in that stage where this is becoming a big part of the revenue. But we feel very good with the type of capability we build. And we see, after seeing good traction, when we look at analysts ratings or how our clients are looking at what we're developing, we feel positive about that.

So we are not in that stage, where this is becoming a big part of the revenue, but we feel very good with the type of capability, we built and we start to see a good good traction whether you look at analyst ratings of how our clients are looking at what we're developing.

Positive about that and in terms of.

Speaker 1: down the sector that you have flagged question for, which one do you think going forward would bounce back earlier where do you see more recovery happening fast?

All sectors that you have flagged question first which one do you think in going forward would bounce back early on they do you see more recovery happening.

In terms of which sectors will come back.

Speaker 2: in terms of which sectors will come back. Yes, bounce back. So we don't have a view on that at this age. We know that the ones I'd share before within financial services, some of the elements, for example, payments or investment banking or in the high tech area or the telco area and parts of retail. We see weakness there.

So we don't have a view on that at this is we know that the ones I've shared before.

Within financial services some of the elements for example payments or investment banking or in the high tech area or the telco area and parts of retail we see weakness there right now.

Speaker 3: Thank you. The next question is from the new and expressed Umar.

Thank you.

The next question is from the New Indian Express Umar.

Speaker 1: Good evening gentlemen. Given the present macro economic uncertainties and what situation? Like, do you, however you're looking at the Middle East market right now and do you have any clients in Israel?

Good evening gentlemen.

Given the present macroeconomic uncertainties and Bosch situation like do you. How are you looking at the Middle East market right now and do you have any signs E Street.

Speaker 2: So we have a business which is in Israel in that part of the region, region. And there we have...

So we.

Have a business which is.

In Israel in that part of the reason our region.

And there are.

We have.

Sure.

With what's going on there.

Speaker 2: with what's going on there. We are standing by it. All of our employees are safe within that.

Saddened by it.

All of our employees are safe within that business, how many employees you teach them and if you could tell we don't share that.

Speaker 3: How many employees do they show? If you could, they don't show that. Okay.

Okay talking about EMEA like how many employees have been trained to fund I think recently, we've seen the 50000 to be trained so how many have been chia over over that number in terms of the degenerative AI training, but it is a.

Speaker 2: talking to the AI like how many employees have been trained so far I think recently we're seeing that 50,000 will be trained so how many have been trained over that number in terms of the the generative AI training but it is every week or every quarter that number is expanding.

Every week or every quarter that number is expanding and we.

For example, 34 new courses, which.

Speaker 2: For example, 34 new courses which

Speaker 2: Our employees are getting cleaned up. This is a generative AI.

Our employees are getting trained on generative AI.

Speaker 2: Every few weeks there's a new large language model or a new type of data set which emerges We are working with many of the main players in terms of them being partners with us to build on that capability and we've got our own

Every few weeks, there's a new large language model or a new type of dataset, which emerges.

We are working with many of the main players in terms of them being partners with us to build on that capability and we've got our own data sets that we've built.

Speaker 2: data sets that we've built with these large language models with the open source of proprietary platforms. So that we can start to give benefit of that to our clients.

These lives language models with the open source our proprietary platforms. So that we can start to get benefit of that to our clients.

Speaker 3: Thank you. Thank you, Fuma. The next question is from the financial expressed Amir.

Thanks Omar.

The next question is from the financial express the meter.

Speaker 6: So I know that you are not discussing the number of employment in Israel, but can you put a column of whether significant numbers in terms of local state or Indians.

Understood.

So I know that.

Sure.

Not disclosing the number of employees in Israel.

But can you put the colonic Robert significantly in Brazil, closeout locally thereof Indians.

Speaker 2: And the other one is, yeah, there has been this sort of an improvement in margins, but what is your, the side level level of offsetting margins, let's say like in one or two years. Thank you. Imagine, let's come back in a second. The employees that we have in Israel are from Israel itself.

And the venues.

That has been with Samsung.

Margin improvement in the margins.

Margins, but what is your.

Does that level level of auditing models, let's say like in one or two years.

Can you imagine the volume come back in a second.

The employees that we have in Israel.

From Israel itself.

Primarily.

Speaker 7: So the margin, I think we want that as per him continues to be to grow our margins from where we are, we are at 21. We've already seen some benefits of the program we've launched between this quarter and next quarter. And of course, we have a number of these tracks and we think they will start kicking and deliver on every quarter as we speak.

So the margin I think we've asked that our aspiration continues to be to grow our margin for maybe obvious to anyone of you already seeing some benefits of the program we've launched in between this quarter and NEC.

This quarter and of course, we have a number of these tracks and we think they will start kicking in and.

And deliver on us every quarter as we speak.

Speaker 2: Sir, you said most of the employees are directly aware. So the only company that's calling them for duty. So do you see any significant difference now if the employees go back to the duty? So right now we have within the way we are working a plan to help and support if that's something that happens over the next course of the next days in weeks.

Sure.

So you'll see most of the employers abdominal question here. So the Israeli demand government is calling them for duty. So do you see any significant disruption.

Please go back to them and to do so.

So right now we have within the way we are working.

Plan to help and support.

That's something that happens over the next causes the next days and weeks.

Speaker 6: Thanks, Amish. The next question is from the blood-tender, Ishma.

Thanks for.

The next question is from business stand at eight months.

Speaker 5: Hi, everyone. So despite our weak macros and our lower discussion and expanding rate, the deal pipeline has been highest. So what is really driving these deals, is our financial element?

Hi, Hi, everyone.

So despite a weak macros and more discretionary spending rate.

The deal pipeline has to be the highest.

So what is really driving these deals they want to understand and what percentage of these deals would be led.

Speaker 5: understand and the what the further of these these deals would be I'll let Recently you had a partnership with Invidya like to learn some of excellence What is the status on that and what? 50,000 in both have there ever been creed?

Recently, you had a partnership with.

And I think Youre right.

<unk> sorry.

Center of excellence, what is the status on that.

50000.

Police have durable trend.

Yeah.

So.

Speaker 2: On the reason why we are winning this large Omega D's, I think that was the first part of the question, what this scene is?

On the reason why we're winning this large or Mega deals I think that was the first out of the question.

What we are seeing is.

Speaker 2: Our clients are recognizing the distinctive approach we have.

Our clients are recognizing the distinctive approach we have.

Speaker 2: with respect to cost or efficiency. And in cases where that saving can be used to fund transformation programs. We believe we have quite a specific approach in that. And that's the reason we think we're winning the market share by winning such a large number of these sorts of deals. That's the main reason for that.

With respect to cost or efficiency and in cases, where that savings can be used to fund our transformation programs.

We believe we have quite a specific approach in that and that's the reason we think we are winning the market share by winning such a large number of these sorts of deals.

The main main reason for that.

Speaker 2: AI is part of almost every one of these deals in small ways or larger ways. And generative AI specifically starting to become a part of it. But broadly, AI is already very much part of it. There are parts of AI which can also be used for automation and for productivity improvement. And we've been working on that for some time. And that becomes within these deals with Hato Paz capabilities.

AI is part of almost every one of these deals in small ways, our larger base and generative AI, specifically starting to become a bottleneck, but broadly AI is already a very much part of it.

There are parts of AI, which can also be used for automation and for productivity improvement and we've been working on that for some time and that becomes within these deals we've had topaz capability.

Speaker 2: The participatory NVIDIA is extremely strong. You saw the announcement, all of the work is progressing. Well, the training, we have already across all of the generative AI well in advance. And on the ones we're working jointly with NVIDIA progressing as well. There, we are going to see.

The partnership with Nvidia is extremely strong you saw the announcement all of the work is progressing well the training we have already across all of the generative IRAK <unk> and.

In advance and on Wednesday, working jointly with Nvidia progressing as well that we were going to see.

As as they generally do AI market becomes larger more and more enterprises coming into it and that's where we are extremely excited among others. We have other partnerships also but this partnership will be very exciting. Okay. Just a quick note.

Speaker 5: As the generative AI market becomes larger, more and more enterprises coming into it, and that's where we are extremely excited, among others, we have other partnerships also, but this partnership will be very exciting. Okay, just a quick doubt. What is our campus hiring? Did you say that you will not go to campus?

With regards to the campus.

Did you say that you will not go to campuses.

This year.

Speaker 6: So as we see it, I don't think it's likely that this year we are going to be going. But we have to watch it every quarter. Okay. Thanks, Ashman. The next question is from writer's news.

So as we see it I don't think it's likely that this year, we're going to be going but we'll have to watch it every quarter.

Thanks Ashwin.

The next question is from Reuters News Varun.

Oh hi.

Speaker 6: So I was wondering if you could tell me what percentage of new deals that you saw at New Worlds, these are the new ones and long-term deals and if you see most short-term deals now and if there's any other projects that you think get cancelled, you know if you could talk about these

I was wondering if you could tell me what percentage of units that you saw judging us vis vis the new ones and our long term views and if you're seeing more short term deals now.

And.

If there's any projects or do you think you can get cancelled you know if you could talk about these.

Speaker 2: So on the large omega deals, we add 48% of those are net new. So their new deals are not. On the point about older projects we see, where does discretionary work? That's where clients are slowing down their spend. And where they were transformation programs, that's where we're saying slowing down of the spend.

So on the large or Mega deals we add.

48% of those are net new.

New deal or not.

On the point about older projects received well as discretionary work.

That's where clients are slowing down.

Their spend and where they were a transformation programs, that's where we're seeing slowing down of the spend.

Speaker 6: Thanks, Aaron. The next question is from the informist, Rishabh.

Thanks, Brian . The next question is from the informants reshape.

Speaker 5: Hi gentlemen. On large days, I would not understand are there a price to earn? Are there a margin of unnotive? You know, two quarters only. You know, you need to do a big amount of digital and core in a bid-down. So, if you could clarify on that, if you could, if you could, share more on more later on that. Yeah.

Hi, gentlemen.

On larger deals and not understand.

Based on the I mean, I would imagine the analytics.

On.

Proposal <unk>.

<unk> will become a digital one cooler.

Don.

We're not planning for them that it is.

If you could.

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Alright.

Yeah.

Speaker 2: On the large deals, so we don't disclose margin on specific deals, but as a comprehensive, if you look at our projects, whether we have large programs, small programs, our margin fits into the same profile as we see for the overall, as an aggregative. On digital and...

On the large deals so we don't disclose margin on specific deals, but as a comprehensive if you look at our projects.

Projects, whether we have large programs small programs.

Our margin fits into the same profile as we see for the overall as an aggregate.

On digital and core.

Speaker 2: What happened at the start of this financial year, so at the end of the last financial year, we had reached a level of about 62 percent of our work was digital. And at that stage, a lot of the company was digital, so we chose to stop.

What happened at the start of this financial year. So at the end of the last financial year, We had reached a level of about 62% of our workforce digital and at that stage a lot of the company was digital so we chose to stop disclosing the breakup because it wasn't.

Speaker 2: disclosing the breakup because it wasn't that relevant. It was very relevant when we were going a few years ago from 20, 25 percent all the way to about 60 percent. So we stopped to share. It was not that relevant in data.

That element was very relevant when we were going a few years ago from 20% to 25% all the way to about 60%. So we stopped to share.

It was not that relevant data point.

Speaker 3: And as soon as I see it's done in high-thinker digits, can you clarify on that?

And we'll see it turn it down.

And high single digits can you clarify on that.

Speaker 2: on financial services, as I was sharing before, VC still constraints both on transformation programs on discretionary work. VC constraints in payments, in investment banking, in some in mortgages. So those are the sub components of financial services where we see some of the constraints.

On financial services as our sharing before.

D C.

Tim Constrains.

Both on transformation programs on discretionary work, we see constrains.

<unk>.

Payments and investment banking and some are in mortgages. So those are the sub components of financial services, where we see some other constraints.

Speaker 6: Thank you. The next question is from the Deccan Harold Sakshi-Jain.

Thank you.

The next question is from the Deccan Herald stock she Jane.

Good evening.

Hmm.

Speaker 8: First question is on the AI side. First question is on the AI side. Which stage of training are your employees on? Secondly, what are the queries you are receiving from your clients on that side? Another question for FY 25. Industry experts do say it could be very well deal or shout out to you again. So what is your reading on that side? At least for the first time.

First question is could you just hold the microlitic close okay. So.

First question is on the east and firstly, which stage of Genie Io employees on secondly.

What are the kind of quite easier to see things from your clients on that front.

And then the question is slide 25.

Industry experts say it could very well be on washout, yet again, so what did you already do on that front at least for the first half.

Speaker 2: On AI, so the training in terms of the stage, it's, employees are getting...

On AI, so the changing in terms of the stage.

And our employees are getting trained on the new laws language models, how to deploy them. We've also built a large library of assets within Topaz, which are proprietary but on these large language models. So the employers are getting trained on that and then they get.

Speaker 2: on the new large language models, how to deploy them. We've also built a large library of assets within TOPAS, which are proprietary, but on these large language models. So the employees are getting trained on that. And then they get internally certified, they make sure that they go through testing internally so that they are ready for this work on generative.

Internally certified.

They make sure that they go through testing internally so that they are ready for this work on generative AI.

Speaker 2: On F-Fight 25, we don't have a view in terms of what that will look like. We have a guidance for this year.

On FY 'twenty five we don't have a view.

In terms of what that will look like we have a guidance for this year.

Thank you.

Speaker 6: With that, we come to the end of this Q&A session. We thank our friends from media for joining us today. Thank you, Salil. Thank you, Nilangin. Before we conclude, please note that the archived webcast of this test conference will be available on the Infosys website and on our YouTube channel later today. Thank you once again, and please join us for Heidi outside.

With that we come to the end of this Q&A session. We thank our friends from media for joining US today. Thank you Felipe Thank you in London.

Before we conclude please note that the archived webcast of this conference will be available on the Infosys website and on our Youtube channel later today. Thank you once again and please join us for high tea outside.

Yes.

Speaker 9: ...

[music].

Speaker 9: The.

Speaker 10: Welcome the members to the 42nd annual general meeting. Hope all of you are safe and in good health. This may...

I welcome the members to be Forty-second annual general meeting.

Hope all of you are safe and in good health.

This meeting is being held through video conference.

Speaker 10: in accordance with the circular issued for the Ministry of Corporate Affairs and the monitoring report

In accordance with the circular the short at the Ministry of Corporate Affairs and SEBI.

We had the record quarter present through video conference to conduct the proceedings of the meeting.

Speaker 10: We have the recreates CODOM presents a video conference to conduct the proceedings of the meeting.

Speaker 10: Participation of members to video conference is being recited for the purpose of Kauram as for the circular issued by MCA and Section 103 of the Companies Act 2030.

Occupancy participation of members to video conference is being record with the bubbles of quorum as part of the circular issued by M. C infection 103 of the companies Act 2030.

Speaker 10: If you are a forum being present, I call this meeting to order.

The Colombian present I call this meeting to order.

Speaker 10: Before we start the main proceeding for the meeting, I request my colleagues on the video conference introduce themselves.

Before we start the main proceedings of the meeting I request my colleagues on the video conference you can do.

With themselves.

<unk>.

Speaker 2: Goulabtenon, I'm Salih Parik, I'm the managing director and CEO of Infosys, joining in from manual.

Good afternoon, I'm Sandeep parikh.

Managing director and CEO of Infosys, joining interim bangle.

On the ramp.

Good afternoon. This is syndrome speaking from Bombay and the lead independent director and also the chairperson of the NRC and risk Management Committee. Thank you.

Speaker 3: Good afternoon, this is Sundaram speaking from Bombay and the lead independent director and also the chair of the NRC and RIP Management Committee. Thank you.

Bobby.

Speaker 11: Good afternoon, I'm Bobby Parick, Independent Director and Chairperson of the ORID Committee. I'm joining in from home.

Good afternoon, and Bobby body independent director and chair person of the audit Committee.

Joining intermodal.

Okay.

Speaker 12: Good evening, good morning, good afternoon. This is Mike Gids, I'm joining as an independent director from Houston, Texas.

Good evening and good morning, and good afternoon. This is might gives him joining as an independent director from Houston, Texas.

Islam.

Speaker 13: and good evening and Chitra Naya, Independent Director and Chairperson of the ESC Committee joining in from Bangalore.

Hello, and good evening.

<unk> independent director and chair person of ESG Committee joining in Bangalore.

I'm Brian .

Hi, This is go overnight.

Speaker 10: Hi, this is Govind Ayya, good evening. I am an independent director and chairperson of the CSR committee joining him from Bombay.

Good evening, I am and he's been a director and chair person of the CSR Committee joining interim bumpy.

Hi, good evening.

Speaker 14: Hi, good evening. I'm Eleonoye Lepotier, independent director of Joint Information Friends.

On a per key in getting all direct change in traffic trends.

Speaker 7: You like it? Hi, good evening. I'm the Lungin Roy CFO joining it from Bangalore.

Yes.

Hi, good evening ambulance in ROI and CFO joining in from Bangalore.

Let me come back.

Speaker 7: Hi, good evening. I am Manikantar joining from Bangalore Community.

Hi, Good evening <unk>, joining from Bangor Company Secretary.

Speaker 10: or from them, we also have see executives and senior man in men joining from their respective locations.

From them, we also have key executives and senior management joining from their respective locations.

Speaker 10: Practically, auditor than secretarial auditor have also joined this meeting.

<unk> already done have also joined this meeting.

Speaker 10: I now request Manikanta Company Secretary to provide general instructions to the member regarding participation in this meeting.

Now request money Kantar Company Secretary.

General instructions to the members regarding participation in this meeting.

[music].

Speaker 7: Hi, good evening everyone. Members may note that this annual general meeting is being held through video conferencing in accordance with the Companies Act 2013 and Circus issued by the Ministry of Corporate Office and Sabi.

Hi, good evening everyone.

Most men not that this annual general meeting is being held to the video conferencing in accordance with the company's 2013 and circle those issued by the Ministry of corporate office on JV.

Speaker 7: The facility for joining this meeting through video conference or other audio visual means is made available for the members on a first-come first-saube.

The facility for joining this meeting through video conference or other audiovisual means is made available for the members on a first come first sold basis.

Speaker 7: The company has also provided a webcast facility to view the live proceedings of this meeting on the company's website.

The company has also provided a webcast facility to review the legal proceedings of this meeting on the Companys website.

Speaker 7: The register of directors and key manager personnel, the register of contracts or arrangements, and other documents mentioned in the EGM notice have been made available electronically for the inspection during the EGM.

That is trough directors and key management personnel that is sort of contracts or arrangements and other documents mentioned and as Jim noted have been made available electronically.

For the inspection during the AGM.

Members seeking to inspect any of these documents can send their request to investors like Infosys Dot com.

Speaker 7: Members seeking to inspect any of these documents can send their request to investorsatinfuces.com.

Speaker 7: As the EGM is being held through video conferencing, the facility for appointment of proxies was not applicable. And hence, the proxy register for inspection is not available.

As the AGM is being held through video conferencing the facility for the appointment of proxies was not applicable.

And hence the proxy to yourself for inspection is not available.

Speaker 7: The company has received requests from a few members to register them as equals at this meeting.

The company has received a request from a few members to register them is because of this meeting.

Speaker 7: Accordingly, the floor will be open for these members to ask questions or express their views.

Accordingly, the floor will be open for these members to ask questions or express their views.

Speaker 7: We will facilitate this session once the chairman opens the floor for the passengers and aunts.

We will facilitate decision once the chairman opens the floor for questions and answers.

Speaker 7: Members can also post their views for questions on the Ask a Question tab on their video conference screens before 4 30 PMS.

<unk> can also posted their views are questions on the ask a question tab on the video conference screens before at 430 P. M ISP.

Speaker 7: It may be noted that the company reserves the right to limit the number of members asking questions depending on the availability of the time at this age.

It may be noted that the company reserves the right to limit the number of members asking questions depending on the availability of the <unk>.

Depending upon availability of their time at this AGM.

Speaker 7: The company has provided the facility to cast votes electronically on all resolution set forth in the notice. Members who have not cast their votes yet electronically and who are participating in this meeting will have an opportunity to cast their votes during the meeting through the E-voting system provided by NSDL. Members can click on the OATAP on the video conference screen to make use of this facility.

The company has provided the facility took us towards electronically on all resolutions set forth in the notice.

Members will not cause of it was peer to.

Electronically and who are participating in this meeting we'll have an opportunity cost awards during the meeting through the E voting system, probably had vanished deal.

Members can click on the water on the video contract screen to make use of this facility.

Speaker 7: Members are requested by further instructions provided in the notice are appearing on the video conference page for a seamless participation through video conference and also for what.

Members are requests to refer to the instructions provided in the northeast are appearing on the video conference page what is seamless participation through video conference or not so far working in.

Speaker 7: In case members face any difficulty, they may reach out on the helpline numbers. Members may not that this age is being recorded. Please do not disclose any sensitive personal information, or personally identify the information belonging to you, or any other persons that has no bearing on this meeting.

In case members facing any difficulty limit each hold on the helpline numbers members may note that this AGM is being recorded please do not disclose any sensitive personal information.

Donnelley identified information belonging to you or any other person that has no bearing on this meeting.

Thank you very much.

Thank you Marni.

Speaker 10: The company has taken all the feasible efforts under the current circumstances with enable members to participate through video conference and vote at the A.J.R.

He has taken all feasible and flourish under the current circumstances.

<unk> members to participate so video conference and vote at the AGM.

And thank all the members the leaves on the board at retail and the management team are joining this meeting or video conference.

Speaker 9: As thanks all the members, colleagues on the board, auditors and the management team for joining this meeting over video conference.

[music].

Dear shareholders.

Speaker 10: Welcome to the 42nd annual general meeting of inputs.

Welcome to the 42nd annual General meeting of Infosys.

Speaker 10: As we gather again virtually to discuss the progress made in the year 1st, it is a pleasure to host you.

As we gather again virtually to discuss the progress made in the year one path. It is a pleasure to host you.

Speaker 10: On behalf of the Infosys Board of Directors, I thank you for making the time to join us today and for your continued support over the years.

On behalf of Infosys Board of directors.

Thank you for making the time.

Joining us today and for your continued support over the years.

Speaker 10: The middle 2023 has been the year of strong overall growth.

It's good for Detroit three has been a year of strong overall growth.

Speaker 10: 15.4% in constant currency, delivering US dollars 18.2 billion in revenue.

15, 4% in constant currency delivering U S dollars $18 2 billion in revenues.

Speaker 10: operating market for the year remained healthy at 21% and we generated US$2.5 billion in free cash flows.

Operating margin for the year remain healthy at 21% and.

And we generated U S dollars.

<unk> 5 billion in free cash flows.

Speaker 10: Our digital business continue to expand and makes up 62.2% of our total revenue.

Our digital business continue to expand it makes up 62, 2% of our global revenue.

Speaker 10: We grew in double digits across most industry segments and across major geographic markets.

We grew in double digits across most industry segments and across major geographies markets, 26% in Europe and 12% in the U S.

Speaker 10: 26% in Europe and 12% in the US.

Speaker 10: We had 95 large deals valued at US$9.8 billion for the year of which 40% was net news.

We had 95 large deals valued at USD 9.8 billion for the year of which 40% was net new.

Speaker 10: This promises a solid foundation to grow and build resilience in the months to come.

This promises a solid foundation to grow and build resilience in the months to come.

Speaker 10: In the fiscal 2023, the board has recommended a final dividend of Rs 17.550 per share.

Our fiscal 2023, the board has recommended a final dividend of <unk> 17.5 50 per share.

Speaker 10: Together with the interim dividend of Rs 16.50 per share, already paid, the total dividend on share of FI-22 amounts to Rs 34, which is a 9.7% increase for FI-22.

Together with the interim dividend of rupees $16 50 per share already paid.

The total dividend.

Sure for fiscal FY previously amounts to a robust 34, which is a nine 7% increase or FY 'twenty two.

Speaker 10: With this, the company has announced a total dividend of approximately 14,200 crores for FY23.

With this the company has announced a total dividend of approximately rupees.

<unk> thousand 200 crores.

23.

Speaker 10: The company has completed the open market share buyback on February 13th. The average price of a cross-fitted rupees 1539 per share compared to the maximum buyback price of rupees 1850 per share. Including the recent, continued buyback and final dividends for FY23.

The company has completed the open market share buyback on February 13th.

Average price of approximately rupees.

<unk> 39 per share compared to the maximum buyback price of rupees <unk> 50 per share include.

Including the recent buyback.

Buyback and final dividend for FY2023.

Speaker 10: company has returned approximately 86% of free cash flow which has been solders over 4 years starting a fight win.

The company has returned approximately 86%.

Free cash flow, which errors or full year study if Mike Lavey.

Speaker 10: The shareholders of the 41st AGM held on June 25, 2022. We appointed Sallil Parik as CEO and MD Effective July 1, 2022 till March 31, 2027.

The share or none of the 41st AGM held on June 25th, particularly tool, we appointed a little Paris is CEO and MD effective July 1st stood at 22 till March 31st 2027.

Alley, effectively sharing infosys towards growth and continued relevance through the changing economic macro environment.

Speaker 10: Khalil is effectively sharing enforces towards growth and continued relevance through the changing economic macro-environment.

Speaker 10: Yes, successfully, institutionalize the one-inforces approach to position a company to work with clients.

He has successfully institutionalize a widely infosys approach to position our company to work with clients.

Speaker 10: both for the long-wraiting digital transformation and for cost efficiency and resilience programs.

What are the long ranging digital transformation and for cost efficiency and resilience programmes.

Speaker 10: that are of vital importance to them to thrive in the near term.

And then a vital importance to them.

In the near term.

Speaker 10: The shared holders also applaud the appointment of Govind Iyer as an independent director effective Jan 12, 2023 for a term of five years till Jan 11, 2028.

Shareholders also approved the appointment of go in a year as an independent directors effective January 2023.

Thermo five years did John Levin credit 28.

Speaker 10: the Board weighs on the recommendations of the Nominations Demonation Committee appointed.

The board based on the recommendations of the nominations determination Committee appointed.

Speaker 10: Deep Sundaram has lead independent director of the company.

Diesel demand.

As lead independent director of the company.

Speaker 10: Effective March 23rd, 2023.

Thanks to March 'twenty, three mat credit granted to a degree.

Speaker 10: and recommends the appointment of Elin Oriole Portier as an independent day for the company.

And they commenced the appointment of ethylene or even what year as an independent division of the company.

Speaker 10: effective May 26, 2023 for a period of three years subject to the approval of the shareholder.

Effective may 26, great rate at least for a period of three years.

<unk> two the approval of the general what it is.

Speaker 10: In Mahumdar Shah, lead independent director retired as a member of the Board of Directors on completion of tenure effective March 22nd, 2023.

You didn't Muslim Dr. Shaw lead independent director retired as a member of the board of directors on completion of tenured effective.

March 22nd 2023.

Speaker 10: We profusely thank Kiran for having been an integral member of the Infosys family.

The profit of the apparent given our having been an integral member of the Infosys family.

Speaker 10: Providing valuable guidance and leadership to the board over the years.

Alrighty valuable guidance and leadership to the board over the years.

I am personally very grateful to her as she has been a tremendous ally.

Speaker 10: I am personally very grateful to her as she has been a tremendous ally and an amazing colleague on the board ever since I re-joined Infosys in August 2017.

And an amazing colleagues on the board ever since IV joining forces in August 2017.

Speaker 10: Uri Levine also retired as an independent director effective April 19, 2023 upon completion of his term. The board lists on record its sincere appreciation for Uri's contribution to enforce.

Larry Levine also retirement.

And then independent directors effective April 19, really twenty-three upon completion of this jump.

The Board places unrecorded sincere appreciation for all his contribution to Infosys.

Speaker 10: The receiving, under big, brought an end to one set of challenges where its aftermath has created new ones.

The receding and they're being brought in into one set of challenges with its aftermath has created new ones.

Speaker 10: cocktail of inflation, interest rates, geopolitics, war, demand volatility is applied in this location.

The cocktail of inflation interest rates geopolitics guar.

Demand volatility supply chain dislocations.

Speaker 10: the shift from efficiency to resilience and security, all morphing quickly and without warning is upon us.

Shift from efficient efficiency resilience and security.

Murphy quickly and without warning.

On us.

Speaker 10: This means doing all we can to be more efficient in the present and as well as nurturing a readiness for growth in the future. This is...

This means doing always Jan can be more efficient in the present and whether and as well as nurturing our readiness for growth in the future.

This is no mean thoughts.

Speaker 10: The volatility of a time creates several probable future states and businesses must be equally prepared to succeed in any one of those.

The volatility of our times create several probable future states.

Businesses must be equally prepared to succeed in any one of those.

Speaker 10: That is why it is critical to be flexible and avoid making choices today that may shut key avenues in the future and to reduce confrontation risks that can make the business less adaptable to new realities that can emerge in the times to come.

That is why it is critical to be flexible.

Award, making choices today.

They shut key avenues in the future and to reduce concentration risks that can make the business less adaptable to new realities that can emerge in the times to come.

Speaker 10: And in the process we understand what it takes to navigate this era of optionality.

And Infosys, we understand what it takes to navigate this era of Optionality.

Speaker 10: Two times rough and smooth, we have brought great focus to becoming better, becoming more efficient and resilient in the present, while also securing our relevance in a progressive future.

Two times is our friend smooth.

Broad grid focus to becoming better becoming more resilient more efficient and resilient in the present.

While also securing unlevered.

And our progress in future.

This is progressive in good stead.

Speaker 10: understand what it takes to prepare for many eventualities and we know our clients are employed and you are shareholders. How do I want us to be agile, adapt quickly and nimbly, learn to thrive in any new reality?

We understand what it takes to prepare for many eventuality and we know our clients our employees and you our shareholders. Our goal is to be agile and act quickly and nimbly learn to try with any new reality.

Speaker 10: Not only are we committed to doing that but we also relentless enough efforts to set up our clients up for success.

Not only are we committed to doing that but we also are relentless in our efforts to further.

<unk> up for success.

Speaker 10: A big part of that is helping them build their digital adaptability. So they can flex from strategy to execution in response to the fast-paced changes and intense uncertainty.

A big part of that is helping them build their digital adaptability. So they can flex from strategy to execution in response to the fast paced genius and intense uncertainty.

Speaker 10: The one-in-forces approach to orchestrating our collective capabilities is started our transformation to become a digital first live enterprise bringing the same advantage of digital agility and resilience to our clients as well.

The one infosys approach to orchestrating analytic capabilities, we started our transformation to become a digital.

Live enterprise, bringing the same advantage of digital agility and resilience to our clients as well.

Our disproportionate investments in cloud reinforces cobalt cloud solutions.

Speaker 10: are disproportionate investments in cloud to enforces cobalt, cloud solutions, are helping our clients bring its advantages into every facet of their own business.

In helping our clients bring us advantages into every facet of their own business.

Speaker 10: from re-energizing operations to driving innovations for growth.

Reenergizing operations to driving innovation for growth.

Speaker 10: In addition, Infosys acquired Bayes Live Fiends here.

In addition, Infosys acquired build lifetime is.

Speaker 10: consulting and technology firm with the Lifetime Space Industry in Europe .

Consulting and technology, along with the life science space industry in Europe .

Speaker 10: To scale its digital transformation capabilities with cloud-based industry solutions.

The scale is digital transformation capabilities with cloud based industry solutions.

Speaker 10: Even more significantly, the company's cloud capabilities have created the foundation for the clients to build their AI first.

Even more significantly the company's cloud capabilities have created the foundation.

Our clients to build that first business.

The immense potential of AI and more recently advantest agenda to AI.

Speaker 10: immense potential of AI and more recently advances in generative AI. You know from our old experience of rapidly evolving into an AI first enterprise. I'm not.

From our own experience of rapidly evolving into an AI first enterprise.

And not without a shadow of complexities.

Speaker 10: Several practical ethical and intellectual property related issues when it comes to AI remains unresolved.

Several practical ethical and intellectual property related issues when it comes through AI remain unresolved.

Speaker 10: We also know that the part to scaling AI in the enterprise is far from simple.

We also know that the barco scaling AI in the enterprise is far from simple.

Speaker 10: And yet the AIFL strategic embrace is already working for us.

And yet the AI first strategy that embraces already working for us.

Speaker 10: We have redesigned the organization to traditionally balance people technology and process, while also, it is also worth by segmenting it into cognitive tasks. Today, we are able to bring to our...

We have redesigned our organization to judiciously balanced people technology and process.

While the Asa excellent work by segmenting into cognitive tasks.

They were able to link to our global client in.

Speaker 10: The same ability to accelerate business value and amplify human potential using AI technology with Infosys to bar.

The same ability to accelerate this value and amplify human potential.

Using air technology of Infosys Goodbye.

Speaker 10: while technology is core to everything we do at its core, Infosys is a people company.

While technology is core to everything we do at its core Infosys is a mutual company.

Speaker 10: Merchoring talent for the future is key to our continued success.

Luxury talent for the future is key to our continued success.

Speaker 10: We spare no efforts to provide our employees ample opportunities to learn and grow while assuring them of a safe workplace that is fair, rewarding and free of discrimination and bias.

He spared no efforts to provide our employees ample opportunities to learn and grow while assuring them of a safe workplace.

Is fine.

They've already and free of discrimination and bias.

Speaker 10: The well-being and intrinsic motivation of a very talented diverse and multicultural birth force is propellers with propellers forward.

The wellbeing and intrinsic motivation of our very talented diverse and multicultural workforce is proper last will propel us forward.

Speaker 10: We recruited over 50,000 college graduates in the year, bringing our total headcount to over 4,000 employees, for which 39% are women.

We recruited all 50000 college graduates in the year.

Bringing our total head count to over 40000 employees of which 39% are women.

Speaker 10: and risk-killing them all for career of the future in a top priority for us.

Upskilling and Reskilling them all for careers of the future.

Top priority for us.

For the year.

Speaker 10: training ecosystem enables over 5.5 million learning days for our employees.

Trading ecosystem enabled over 515 million learning days, Colorado employees.

Speaker 10: are people trapped and manage their own digital skills headed by a comprehensive score in digital quotient.

Our people track and manage their own digital skills aided by a comprehensive score.

In digital quotient.

Speaker 10: to accelerate learning when they complete certified courses and gain substantial experience in the skill or set of technology, the qualify for skill tax. As employees,

Through accelerated learning when they complete certified courses and gained substantial experience in the scale of central technology. It qualify for scale.

As employers get gather more skewed.

Speaker 10: Multiple career pathways into exciting technology spaces open for them within the enforcers

Multiple career pathways into exciting technology spaces opened for them within the Infosys ecosystem.

Speaker 10: Each program's and the intelligent platforms like Accelerated Marketplace automatically match employees with the roles of their aspirations.

Its programs and intelligent platforms, Greg isolated marketplace automatically match.

The rows of their aspirations.

Speaker 10: Matching a question to deliver clients and nurture of people is a commitment to the larger community.

Matching our passion to deliver for clients and nurture our people is our commitment to the larger community.

Speaker 10: This is engathed in a shared purpose to amplify human potential and create the next opportunity of people, businesses and community.

This is a really nice shared public.

Amplify your win potential and create that next opportunity of people businesses and communities.

It inspires us to be a sustainable business in every sense of the word.

Speaker 10: It inspires us to be a sustainable business in every fent of the world.

Speaker 10: It drives us to nurture ambitious EEG aspirations and to come together as one in forces to realize it.

Now this will nurture ambitious ESG aspiration.

And to come together as one infosys to realize it.

Speaker 10: from building a diverse workforce with strong inclusive leaders to embracing positive climate change to helping our clients do the same.

From building a diverse workforce with strong inclusive leader.

Embracing positive climate change, we're helping our clients do the same.

Speaker 10: And earning the trust of all our stakeholders through ethical corporate governance.

And earning the trust of all our stakeholders through ethical corporate governance.

Speaker 10: We do our best to make us all to move us all forward.

Our best to make us all up to what I'll call. It.

Speaker 10: As a result of these efforts and aligned to our ESC vision for 2030.

As a result of these airports efforts and align to our ESG vision for 2030.

Speaker 10: We also continue to be responsive to the needs of society in new and innovative ways.

We also continue to be responsive to the needs of society in new and innovative ways.

Speaker 10: As an example, digital skills start through imposes springboard. Imposes to the flagship digital learning platform is opening up a wealth of new opportunities for Brent Council's business community in the UK, ensuring Brent businesses have the skills to thrive in the digital age. In a partnership with

As an example digitally.

Digital skills thoughtfully Infosys springboard impulses flagship digital learning platform is opening up a wealth of new opportunities for branch counters business completed the U K.

During breath businesses have the skills to thrive in the digital age.

And our partnership with Heartland business publishing.

Speaker 10: Students and young learners in India are now able to access resources including select how much business review articles videos and for

Children and young learners in India, now able to access resources, including select Harvard business review articles, we view them or for us.

Speaker 10: as well as 10 Harvard Management Center course on Infosys Springboard.

As well as Dan Harvard Management data of course on Infosys springboard us.

Speaker 10: the US enforces springboard into sea learning drives.

In the U S infosys springboard into key learning tracks.

Speaker 10: for the entire learner spectrum from SWATK12 to post-secondary and professional digital skills development.

While the entire universe spectrum.

K 12 group.

For secondary and probation digital skills development.

Okay.

Speaker 10: We are empowering 8.5 million people the world over to our decent killing initiative.

Involving eight 5 million people in the world or through our digital skilling initiatives.

With mindful implant reports infosys continues to be carbon neutral for the full successive year.

Speaker 10: With blindfold and plant efforts, Infosys continues to be carbon neutral for the fourth successive year.

Speaker 10: The work of Infosys Foundation will support a variety of social causes including creating positive impact in healthcare, education, sustainability and women empowerment.

The wealth of Infosys Foundation, we support a variety of social causes, including creating positive impact in health care education sustainability and women empowerment.

Internally within Infosys.

Speaker 10: Internally, within enforces our systems, practices, controls and procedures, our well-gatherer, not just to help us make effective decisions, but to comply with the law in letter and spirit, so we can effectively meet the needs and expectations of external stakeholders. This has always been the enforces way.

Systems practices controls and procedures are well go out and not just to help us make effective decisions.

To comply with the law in litter and split it. So we can effectively meet the needs and expectations of external stakeholders.

That's always been the Infosys way.

Speaker 10: that digital transformation of every industry and every aspect of life over the last several years has made the foundations for the opportunities that are to emerge.

The digital transformation of every industry and every aspect of life over the last several years.

As laid the foundations for the opportunities that are in much.

Speaker 10: Our clients' trust us to enable them not only to make the right digital investments, but to mine these to deliver greater value for them through the future. After all, Infosys today is ranked in the top three items.

Our clients trust us to enable them not only to make the right digital investments.

<unk> to deliver greater value for them through the future.

After all Infosys two days right.

In the top three <unk> services brands.

Speaker 10: and among the top 150 most value brands globally. The challenge to keep moving ahead in these puts.

Among this got 150, most value brands globally.

The challenge to keep moving ahead.

These particularly dynamic times no doubt is immense.

Speaker 10: But the opportunity and a capability and confidence to harness it is tremendous too.

The opportunity and that capability and corn oil produced a high message is Germany. This too.

We are well prepared for the future that may be unpredictable, but it is also up to us to bid on.

Speaker 10: We are well prepared for the future that may be unpredictable but it is also up to us to build.

Speaker 10: On behalf of the board, I want to assure you that Infosys geared in every way.

Behalf of the board I want to assure you that infosys geared it every week.

Speaker 10: with its rich track record, dedicated workforce, strong capabilities, premium brand and a clear

With its rich track record dedicated workforce strong capabilities premium brand and a clear strategy.

Speaker 10: to provide exceptional service and value to all of stakeholders.

Provides exceptional service and value to all our stakeholders I want to pay all of our employees clients co founders and government on the countries and states that we operate in other unstinting support over the years.

Speaker 10: I want to thank all our employees, clients, co-founders and governments of the countries and states that we operate for their unstealing support over the years.

Speaker 10: Infosys have gone from strength to strength because of your backing and to each of our shareholders a big thank you

Infosys has gone from strength to strength because of your Mackie.

And to each of our shareholders a big thank you.

Your commitment to Infosys.

Speaker 10: The people we serve and the businesses we drive inspires us to bring a best to work for you every day.

People with <unk> and the business as we drive inspires us to bring our best to work for you every day.

Our sincere thanks to all of you.

[music].

Speaker 2: Good afternoon, good evening. All of the shareholders welcome to the annual journal meeting. Over the next few minutes, I will share with you an update from a business perspective, how the year was.

Good afternoon, good evening all of the shareholders welcome.

The annual General meeting.

Over the next few minutes I will share with you an update from a business perspective, how the year was.

We have had in this year a strong performance in a changing evolving dynamic environment.

Speaker 2: We've had in this year a strong performance in a changing, evolving dynamic environment.

Speaker 2: And we have some leading capabilities in generative AI that I will also reference in the discussion.

And we have some leading capabilities in generating AI, then I will also reference in the discussion.

Speaker 6: First in terms of the year, we had a good growth over 15% and digital business grew very nicely at 25%. Our clients, which are over 100 million in revenue, annually were at 40. So good metrics and good dimensions to see the growth of the business.

First in terms of the year, we had a good growth over 15% at digital business grew very nicely at 25% our clients, which are over 100 million in revenue annually over the next 40 or so.

Metrics and good dimensions to see the growth of the business.

Speaker 2: The operating margin was strong at 21% and we had free cash flow of 2.5 million US dollars.

The operating margin was strong at 21% and we had free cash flow of two and a half million U S dollars.

We also had a good set of large deals.

Speaker 2: We also had a good set of large deals, a very strong 95 deals each over 50 million in size, and the total of that at 9.8 billion, with 40% net new, which helped us in building the foundation for the years to come.

Very strong 95. These are each over 50 million in size and the total of that at 9.8 billion with 40% net new which helped us in building the foundation for the years to come.

On the large client relationships that <unk> seen steadily growing nonetheless.

Speaker 2: On the large-client relationships, we've seen steadily growing numbers 40 in the previous financial year, 38 before that and 32 before that.

40 in the previous financial year, 38, before that and try to do before that.

As we look at our industries, we add good growth across most of our industries in fact all of them are growing.

Speaker 2: As we look at our industries, we add good growth across most of our industries. In fact, all of them are growing. A very strong performance in manufacturing and energy utilities. We are also good performance in retail and the communications.

Very strong performance in manufacturing and energy utilities, we had also good performance in retail and the communications sector.

Our employee base continues to expand at over 340000 at the end of the year in March 2023 and of that we also had a continued strong recruitment of college hires.

Speaker 6: Our employee base continues to expand at over 340,000 at the end of the year in March 2023. And of that, we also had continued strong recruitment of college ires across the world, but more in India, I had over 50,000 college ire.

Crossed the world, but more in India and over 50000 College hires.

If I look in our financial performance and we wanted to share this in rupees.

Speaker 2: If I look at the financial performance and we want to share this in rupees...

Speaker 10: Each of our metrics, if you look at total revenues, this is in groupies, a growth of 20%. Net profit, very solid, operating profit, very solid. We saw the operating cash flow and the free cash flow reducing from previous years, but at a very solid level, given the dynamic nature of the industry and the macro economic environment last.

Each of our metrics if you look at total revenues.

In rupees or growth of 20% and net profit very solid operating profit very solid.

You saw the operating cash flow and the free cash flow.

Reducing from previous years, but at a very solid level, given the dynamic nature of the industry and macroeconomic environment last year.

Speaker 2: In terms of our balance sheet, we continue to remain strong, debt-free and liquid, and that balance sheet is really the foundation of how we can position ourselves as a company into the future.

In terms of our balance sheet, we continue to remain strong debt free and liquid and that balance sheet is really the foundation of how we can position ourselves as a company into the future.

Speaker 2: When we look at a total shareholder return across five years, we've had a strong performance, both between the share price increase and the dividend yield.

When we look at our total shareholder return across five years, we've had a strong performance both between the share price increase and the dividend.

Speaker 2: In addition, we have returned over the last four years, over 69,000 crores to shareholders between the buyback and the regular dividend in each of the last.

In addition, we have return.

Over the last four years over 69000 calls to shareholders.

When the buyback.

And the regular dividend in each of the last year. This is very well aligned with the policy that we had put in place.

Speaker 2: This is very well aligned with the policy that we have put in place. This represents just approximately 86% of our free cash flow in that past for financial year.

This represents just approximately 86% of our free cash flow in that past four financial years.

Our total shareholder return as we compare with.

Speaker 2: Our total shareholder return as we compare with other peers stands very well as we look across the period of December 17 to March 23.

Other peers stands very well as we look across the period.

December 17, due March 23.

Now one of the things we've been focused on over the past several years is building out deep capabilities, especially in the digital space. We had put together a strategy representing at the Pentagon with different elements of digital today, we're really.

Speaker 2: Now one of the things we've been focused on over the past several years is building out deep capabilities, especially in the digital space.

Speaker 2: We put together a strategy representing the Pentagon with different elements of digital.

Speaker 2: Today we are really delighted that we have a leading or leader capability in 56 of these categories when we look at different external agencies which rank various companies on their digital internal Radio.

Delighted that we have a leading our leader capability in 56 of these categories. When we look at different external agencies, which are ranked various companies on their digital ratings.

One of the most significant moves we've had in the past year year and a half two years was the push on the cloud.

Speaker 2: One of the most significant moves we've had in the past year, year and a half, two years was the push on the cloud. And that has been really the launch of GoBold, which combines all of our cloud capabilities, whether it's infrastructure as a service, platform as a service, and in fact software partnerships, which come from many of these cloud providers.

And that has been really the launch of COBOL, which.

Combined.

All of our cloud capabilities, whether it's in fryers and surveys softwares and service platform as a service and in fact software.

Partnerships, which come from many of these cloud providers.

Speaker 2: We have built tremendous capabilities on our own with our partners. And today we are in the leading position of driving cloud driven business innovation which supports the transformation of our clients when they go onto the cloud kiln.

We have built tremendous capabilities on our own or with our partners and today. We are in the leading position of driving cloud driven business innovation, which supports the transformation of our clients when they go onto the <unk>.

Jody.

Speaker 2: More recently we have launched Topaz. Topaz is really encompassing all of our

More recently, we have launched topaz.

Topaz is really encompassing all of our.

Speaker 2: AI and especially generative AI capability.

AI, and especially generative AI capabilities and generating AI, we have created a leading capabilities using large language models, which are open source by nature large language models, which come from different companies. We have today 50 active.

Speaker 2: In Generative AI, we have created a leading capabilities using large language models, which are open source by nature, large language models, which come from different companies. We have today 50 active client projects where we are using Generative AI. This is becoming an increasing part of the new world, which is going to be defined on an AI first base.

Client projects, where we're using generative AI and this is becoming an increasing part of the new world, which is going to be defined on an AI first basis.

Speaker 2: Here we've also built a very strong system.

Yeah. We've also built a very strong system of.

Speaker 2: of a very strong group of ecosystem partners.

A very strong group of ecosystem partners.

Speaker 2: which we work with on AI and also on generative AI. It's not just generative AI, it's on AI operations on vision areas, several AI startups and the hyperscalers and how they are leveraging the AI capabilities.

Which work, which we work with on AI and also on generating a that is not just January ray it's an AI operations on vision areas. Several AI startups and Hyperscale is and how they're leveraging their AI capabilities. We believe this is really the foundation.

Speaker 2: We believe this is really the foundation, the topaz and generative event, of a large transformation which will go into the future as the world changes and leverages AI and generative AI.

The Topaz and generating an act of a large transformation, which will go into the future as the world changes and Leverages AI and generated.

Speaker 2: One of the most critical reasons where we've had a strong performance this past year and over the past few years is the concept we put in place of one emphasis. Here all of our...

One of the most critical reasons why we've had a strong performance this past year and over the past few years is the concept we've put in place on one infosys yeah all of our.

Speaker 2: employees work directly for the benefit of our clients across all boundaries, departments, functions. We are both focused on new transformation work and making sure that all of the work is getting delivered to our clients, leveraging all of that capability as one single emphasis, keeping the clients in place first in our mind.

Employees work directly for the benefit of our clients across all boundaries departments function.

We are both focused on new transformation work and making sure that all of the work is getting delivered to our clients leveraging all of that capability as one single infosys keeping the clients interest first and EMI.

With that I will conclude.

Speaker 2: With that, I will conclude. First, the financial year, 23 was a strong year for a business. We have positioned the company to work with our clients for digital transformation, but also more and more as they look at cost efficiency and the automation process.

The financial year, 'twenty Zee was a strong year for our business.

We have positioned the company to work with our clients or digital transformation, but also more and more as they look at cost efficiency and the automation programs.

Speaker 10: We developed a strong set of capabilities in generative AI and overall in an AI first approach via TOPAD.

<unk>, a strong set of capabilities and generated an overall and an AI first approach via topaz.

Speaker 2: We have already extremely strong capabilities on cloud, which is based on cobalt, which our clients are leveraging. And one emphasis is really the foundation of all of this work that we do within the company for the benefit of our clients.

We have already extremely strong capabilities on cloud, which is based on COBOL, which our clients are leveraging and one infosys is really the foundation of all of this work that we do within the company for the benefit of our clients.

Speaker 6: I want to end conclusion. Thank you all of our shareholders for your continued trust and support in the company with this sort of a foundation and your trust with us. We see a future which is successful future for impulses, working with more clients and enabling more of our employees for the future in an AI first technology driven world. Thank you and back to you.

I want to in conclusion. Thank you all of our shallow shareholders for your continued trust and support in the company with this sort of a foundation and your trust with US we see a future which is successful future for Infosys is working with more clients.

And enabling more of our employees for their future and an AI first technology driven world. Thank you and back to you.

Speaker 10: Thank you, Sallil. And now request Manikanta, the company secretary, to provide a summary of the auditor's report.

Thank you.

I now request Mulliken, Todd the company's Secretary will provide a summary of the auditor's report.

The statutory auditors Deloitte Haskins Huntsville, Philippi under Secretary at Mccarran them, Joe Shea and company our express unqualified opinion in that aspect. The audit report for the financial year 2022 23.

Speaker 7: The statutory auditors, Deloitte Haskins and Silce LLP and the Secretary Auditor, Macron, M. Joshi and Company have expressed unqualified opinion in their respective audit reports for the financial year 2022-23.

Speaker 7: There were no qualifications, observations or adverse comments on the financial statements and matters which have any material bearing on the functioning of the company.

There are no qualifications observations are adverse conventional on the financial statements and macros, which have any material bidding on the functioning of the company.

The statutory auditor's report on the stand alone and consolidated financial statements, respectively are available on page numbers to zero seven into on a 91 of the integrated annual report.

Speaker 7: The statutory auditors report on the stand alone and conferred it to financial statements respectively are available on page number 207 and 291 of the integrated annual report.

Speaker 7: The Secretary-Lauditors report is enclosed as unexwered fight to the board's report on page number 85 of this year's Integrated Annual Report.

The Secretary Lori does report is enclosed as an extra flight to the Board's report on page number 85 of this year's integrated annual report.

Thank you.

Thank you Bonnie.

As the notices already circulated to all the members.

Speaker 10: As the notice is already circulated to all the members, I think the notice is coming the meeting as red.

I take the notice convening the meeting as read.

Speaker 10: Before we proceed, I am pleased to bring your notice that I have required under the company's act 2013. The company has provided you the facility to cost your vote electronically, on all resolution set forth in the notice.

Before we proceed I'm pleased to Brinker notice as required under the companies Act really 13.

The company has provided you the especially to cast your vote electronically on all resolutions set forth in the notice.

Members, who have not cast their vote electronically.

Speaker 10: Members who have not cast their vote electronically, who are participating in this meeting, will have an opportunity to cast their votes for the e-wording system provided by NLVL.

Participating in this meeting you'll have an opportunity cost awards for the E voting system provided by an FDA.

And while we are pleased note that there'd be no walking I assure parents.

We now take up the resolutions as set forth in the notice you will open the floor for any questions by members. After all the resolutions are table.

Speaker 10: We will open the floor for any questions by members after all the reservations are table.

Accordingly.

Now only readout of their solutions.

Speaker 10: item number one of the notice, aeroption of the financial state.

And then number one on the notice eruption of the financial statements.

Speaker 10: Financial statement of the company, including the consolidated financial statements for the financial year ending March 30, 2020.

The financial statements of the company, including the consolidated financial statements for the financial year, ending March 30 was toilet ratably.

Including the reports of the board of directors and the auditors have already been provided to the members.

Item number two.

The notice declaration of dividend.

The board has recommended.

Speaker 10: The board has recommended the final divino Rs.17.5 for the equity share.

And then finally, you've noted with $17 five per equity share.

Speaker 10: You would recall that an interim date under will be 16.5 per equity share.

You will recall that an interim dividend over with 16 five per equity share as well.

Speaker 10: has already been paid for the financial year ending March 20, 2023.

Already been paid for the financial year, ending March 31st with liquidity.

Speaker 10: This dividend income including the interim will be Rs. 34 per equity share.

They steward fiduciary income, including the interest it would be rupees so before.

I think really shift.

It doesn't the materials notice.

Speaker 10: appointment of Salil Parikh as a director liable to retire by rotation.

Pardon me oscillate body, the directors liable who retire Idaho nation.

Speaker 10: Item number four of the notice, appointment of Aileen Oriol-Portier as an independent director of the company.

Number four the notice department of elite audience 40 years.

An independent director of the company.

Speaker 10: Attempt number 5 of the notice, reappointment of Bobby Parekh as an independent director.

And the number of fire the notice reappointment of Bobby per rig as an independent director.

Speaker 10: of the resolutions along with explanatory statement is provided in the notice circulated to the members.

Struggle resolutions along with extensive statement is provided in the notice circulated to the members.

Speaker 10: If any member desires to ask any question pertaining to any item on the notice, he or she may do so now.

If any member desires to ask any questions pertaining to any item on the notice. He she may do so now.

The monarch with it to keep the questions brief and Swiss re.

Speaker 10: Remember, I request you to keep the questions brief and specific.

Avoid repetition.

Speaker 10: Answers to all the questions will be provided towards the end.

The answers to all the questions will be provided towards the end.

Speaker 10: Members may also note that the company reserves a limited number of members asking questions depending on the availability of time.

<unk> also noted the company reserves the.

Give me a number of members asking questions depending on the availability of <unk>.

While members are queuing up to ask questions May I request.

Speaker 10: While members are queuing up to ask questions, may I request the team to play short videos.

<unk> AAA shocked with yours.

Infosys Topaz.

Speaker 10: and Infosys Foundation grow and help others grow with you.

And Infosys Foundation go and help others go with you.

Speaker 9: ? ? ? ? ? ? ?

[music].

Sure.

Okay.

Okay.

[music].

Okay.

[music].

Yeah.

Yeah.

Speaker 15: Every day, in so many beautiful ways, nature teaches us a simple lesson. Grow and help others grow.

Every day in so many beautiful ways nature teaches us a simple lesson.

Grow and help others grow with you.

Speaker 15: In 1996, a seed of an idea took root, an idea that we could come together to create a better future. We nurtured this idea and watched it grow, and with it grew our dreams for the future.

In 1996.

Our seat of an idea took root.

An idea that we could come together.

A better future.

We nurtured this idea and watched it grow and with it grew our dreams for the future.

Speaker 15: When it comes to building a future, education holds important roles.

When it comes to building our future.

<unk> holds immense promise.

Speaker 15: For years, we've helped thousands take their first steps forward through education. We've worked with Akshaya Patra to operate mechanized kitchens that cook midday meals.

For years, we've helped thousands take their first steps forward through education.

We've worked with Akshay buffer.

To operate mechanized kitchens that cook midday meals for underprivileged school children in India.

Speaker 15: for underprivileged school children in India, prompting them to continue to school. In addition to our grants and scholarships to support education, we've also turned to sports. We've joined hands with the Prakash Paragorn Badminton Academy to coach young athletes, molding them for five years, so we can put them on the path to success. We're also big supporters of art and culture because for millions across India, art is livelihood and life through our many efforts, like support for Bharati Vidya Bhavan, in India and abroad. We sponsor cultural programs, promote traditional performing arts and the well-being of artists. And well-being is essential for life. That's why we support healthcare programs with great enthusiasm. Take for instance our partnership.

I'm, telling them to continue to school.

In addition to our grants and scholarships to support education, We've also turn to sports.

We've joined hands with a precaution protocols badminton Academy to coach young athletes molding them for five years to weekend put them on the path to success.

[music] were also big supporters of art and culture.

Because for millions across India at this likelihood and life through our many efforts like support for commodity with the government in India and abroad, we sponsor cultural programs.

Remote traditional performing arts.

And the wellbeing of artists.

And we'll be is essential for life, that's why we support health care programs with great enthusiasm.

Take for instance, our partnership with jumped ship not much Bucaro together, we've conducted over 5500 health examinations and consultations for women, bringing much needed healthcare services to women in charcoal.

Speaker 15: with Jan Chitna Manchbhukaro. Together, we've conducted over 5,500 health examinations and consultations.

Speaker 15: bringing much needed healthcare services to women in Jarkhand.

Speaker 15: Speaking of care, helping those who cannot help themselves is also important to us, making destitute care, a key focus area.

Speaking of care, helping those who cannot help themselves is also important to us making destitute care.

A key focus area.

Speaker 15: It's what made us join hands with the National Cancer Institute of Ames in New Delhi to build an 800-bed residential facility to support low-income families.

It's what made us join hands with the National Cancer Institute of Ames in New Delhi to build an 800 bed residential facility to support low income families.

Speaker 15: No such effort is needed in the heart of India. Faroulu development continues to be the need of the hour. We've partnered with NASCOM over the past few years to bring digital literacy to the youth in Kolar, Bangarbe, Huni, Mysuru, Chikbalapur and many smaller towns in India. This is helping thousands of

No such effort is needed in the heart of India.

For our rural development continues to be the need of the hour.

We've partnered with <unk> com over the past few years to bring digital literacy to the youth in Kolar Vanguard made ULE Mysuru CIT block, one and many smaller towns in India.

This is helping thousands of youngsters find new pathways to jobs and careers of the future.

Speaker 9: the jobs and careers of the future. Much of what we do would have been impossible to imagine without our volunteers, our interior partners, trustees, advisors and friends. As COVID-19 ravages India, we have been doing our best to support healthcare facilities in the country with medical supplies and protective gear. We've helped expand capacities for several hospitals and build two well-equipped quarantine facilities. We continue working with Kaguha's while doing our bit to make sure that the most vulnerable mangoes impacted are cared for. Our teams with survival gifts, food and other essentials were at the frontline working hard. When the floods struck Karnataka, Maharashtra, Parisa and Assam. And yet, with some so many people in need, still beyond our reach, we extended our support by donating to the PMCARE's fund. Through these and other trying times, it is nature that teaches us, inspires us. It reminds us that trees standing in the scorching sun provide shade for others. They bear fruits, not for themselves, but for others.

What we do would have been impossible to imagine without a woman tunes, our NGO partners Trustees advisors and friends.

As COVID-19, ravages, India, we have been doing our best to support health care facilities in the country.

Medical supplies and protective gear.

Health to expand capacities for several hospitals and built two well equipped quarantine facilities. We continue working with caregivers, while doing all of it to make sure that the most vulnerable among those impacted are cared for.

Our teams with survival kits food and other essentials, where at the frontline working hard.

And the floods struck cosmetic Maharashtra Larissa Amazon.

And yet.

With so many people in need.

Beyond our reach.

We extended our support by donating to the PM cares fund.

Through these and other trying times it is nature that teaches us inspires us.

It reminds us.

The trees spending in the scorching Sun.

I'd shade for others.

Bear fruits.

Talk for themselves, but for others.

[music].

Dear shareholders. Thank you for joining us forty-second lithium today.

Speaker 7: Beers shareholders, thank you for joining our 42nd EGM today and for taking time to participate in the process.

For taking time to participate in the proceedings.

Speaker 7: Before we go live with the Q&A, here are some points note for your convenience.

Before we go live with the Q&A here at some point not for your convenience.

Speaker 7: When your name is called and you are projected on the screen, please mention your name, full your number, under location from where you are joining, and proceed to ask your question. Each shareholder will have

When your name is called and viewers projected on the screen. Please mention your name for you a number under location from video to joining on prostate to ask your question.

Each shareholder will have two minutes for the questions.

Speaker 7: To avoid repetition, the board will respond to all the questions at the end. Once you have asked your question, you can switch to watch the video.

Repetition the board will respond to all the questions are there.

Once you have asked your question you can switch to watch the proceedings.

Speaker 7: The board will be taking questions from shareholders into our research, depending on the number of questions on the video. With that, I will request the first shareholder.

Our board will be taking questions from shareholders and to our research depending on the number of questions on the video.

With that I will request the first shareholder.

So listing.

Celestial kindly go ahead and ask your question. Please.

Hello Am I on.

Speaker 7: Hello, am I audible? Yes, madam, you are audible. Kindly go ahead with your wish. Yes. Okay. Bye.

Alibaba, Yes, Madam you already won kindly go ahead with your <unk>.

Okay.

I want to get Geek.

Okay.

Okay.

Speaker 13: non-independent promoter. Mr. Nathan and Kenny, MD and Stoel Parik, other board members.

Non.

Non independent from what I missed.

Mr Nolan and kidney.

Emily Hill Paddy other board members my fellow shareholder against extending these E D.

Speaker 13: my fellow shareholders attending this e-meeting. I am Mrs. C. A. Mascareñas. I am speaking from Mumbai. First, I thank the company secretary, AGS Manikanta, and his team for sending me an e-annual report and also registering me as a speaker at my request.

Mrs CE Mascarenas I am speaking from Mumbai.

I think the company's acreage of the AG as many kantar and his team for sending me an E annual report and oil service.

As a speaker at Miami glass.

So Mike and giving me this beautiful platform that I can get it.

Speaker 13: so much and giving me this beautiful platform where I can interact.

Speaker 13: I come to the annual report, very exhaustive, but self-explanatory, referring to all the non-corporate...

I come to the annual report very exhaustive like self explanatory and into all of them.

Speaker 13: working the working is very good there's no any it is par excellence then speaks market capitalization speaks dividend of rupees 34 also with it buyback in the open market it amounts to a ton of a percent of the free cash flow what a wonderful company now i congratulate for all the words all our documents in the annual report congratulations

Okay.

Working as an equal Theres no irony is bought excellence then speaks market calculations.

We ended up with <unk>.

Also we did buyback in the open market.

A monster.

The person to be free cash flow, what a wonderful company now.

<unk> called regulate for all law.

All our documents in the annual report.

Congratulations.

Okay.

Speaker 13: for obtaining ESG Corporate Award 22 and we have got Platinum Award. I am reading so many balance sheets. I'm not able to bring this sort of award. I don't know the enforcers. I am so feeling very, very happy.

But our obtaining E S D card D.

G to N V and God Bless him award.

I'm reading, so many balance sheets and not able to English.

And what I don't know their invoices, they and so clearly very very upbeat.

Speaker 13: We are recognized by top performer in 23 by Sustane Analytics.

Gorgonize Bay.

Pro forma in 'twenty three by sustained sustain analytics and also our company has topped the charts. So Chris ESG leadership rankings and was featured in the classes. So steadily year 'twenty two what they're thinking.

Speaker 13: And also, a company has topped the charts of ESG leadership ranking.

Speaker 13: and was featured in the Cressel Sustainability Yearbook 22 for the second consecutive year. Keep it up. Very good. I would like to know where we are in some international ESG list platform listed there, if you could throw me.

Yet EBITDA that Igor I would like to know that we are in some international E platform.

Platform, let's take dead, if the liquids growth rates now.

Speaker 13: Now the currently the changing what is our motto like changing game with intelligence.

<unk>.

Currently the changing what is the letter Moto late changing game intelligence, how much is invested how much like total <unk> total percentage in AI our level in metal Board machine learning any acquisition of any.

Speaker 13: how much is invested, how much like total, I want total percentage in AI, our level in metaphor, machine learning, any acquisition of any companies which are seasoned in this field.

Companies, which are.

Reach out season, and the speed transaminase.

Speaker 13: I don't want to ask many questions because ESG has covered and then all that CSR, it's all is told and there is full report on that.

Don't want to ask many questions because yes, yes covered and then all of that.

CSR. So all is stored and then pull a report on it.

Okay.

Speaker 13: know how many alloys are in the design operations? How many are in the sector? And what is the attrition level? Also what total attrition level on the whole? And if it is high, how do

I'll make employees are in the design operations, how many are in.

Okay.

And what is the accretion level.

Well total attrition level on the oil and if it is high.

Okay.

Speaker 13: to keep our staff so that they don't do here and there.

Keep our.

Staff, so that they don't go Javier ended.

Net sales in bringing in <unk> has grown from stem to stern and I've been still that is yet to come it's not OLED. It has grown and it is best to come so I don't want though Oxford their questions.

Speaker 13: Next is in free in in fee has grown from strength to stress and I feel still the stills yet to come This is not over it has grown and it is best going to come So I don't want to ask further questions to sit and take

And bank levels.

Speaker 13: in way of capitalization, in the way of dividends, and in buybacks. With this, I support my company all the

In the fall okay.

Okay.

<unk> in the way of dividends and buybacks this I support.

My company all of them.

Speaker 13: And especially, I wish all the in-person sessions would help.

And space Jelly <unk>.

All the imports are in.

Good.

Speaker 13: because health is there. So once again, I say thanks to the entire team for giving this patient hearing.

Because health is dead.

Once again, I say, thanks to Bang bag beam or giving this station yeti Emma.

Thank you ma'am.

Thank you.

Speaker 7: Thank you. I may now request the next shareholder, Mr. Shailesh. Shailesh, sir, kindly go ahead and ask your question. Yes, sir.

No requests the next shareholder.

Mr Stylish.

Shiloh sure certainly go ahead and ask your question yes.

Youre expected keratin men do.

Distinguish nymex Josh.

Speaker 7: The management team members and the members of the.

Management members and the members of the.

Infosys.

Sure. Let me first congratulate the datacom Brittany or to get in one more to Europe excellent results.

Speaker 2: Sir, let me first congratulate the entire company for getting one more year of excellent results financially and in all other activities.

Italy and in all of that.

Sure representation by MS. Jasmine was excellent and it was further supplement.

Speaker 6: Sir, the presentation by the chairman was excellent and it was further supplemented by the managing director. Sir, I have become wiser as far as our company's working is concerned and more satisfied than what I was. Now, I wish to also appreciate the services of the secretarial department which has enabled me to participate in this meeting.

<unk> managing director of it further I have begun wager as sweaters overcome produce where it gives us concern and more effective read what I was now I wish to once again I appreciate the services of the secretary to introduce Iron Man.

As I remember me to participate in this meeting.

Speaker 10: Sir, with this, I would like to ask two or three questions. Sir, my first question is that there are frequent changes in technology, particularly in recent times. And this trend is likely to continue.

With this I would like to ask two or three questions. So in my blood with Shelley's get better recurrent J E.

Technology, particularly in recent times and this trend is likely to continue.

Speaker 2: Sir, what I would like to understand is how fast.

What I would like to understand is how fast.

Speaker 2: our employees get adjusted to this changing situation in such a fast way. Are we encountering any problem in this particular situation?

Our employees get and gestured to this <unk> situation.

Such a fast strange artery encountering a knee problem in this particular situation.

Speaker 6: Sir, my second question is regarding the world economic growth, which is likely to remain low in the current year also. Sir, our business has a direct relation with the GDP, world GDP. Sir, my question is...

My second question is regarding the world economies group.

He is likely to remain low in the.

The current year also.

Our business as a direct integration with bid GDP World GDP.

Christian is there.

Sure.

Speaker 6: I am sure some of our businesses must have also been affected, not cancelled but delayed. Sir, what I would like to know is that which of the verticals of our business has remained unaffected or least affected and which vertical has been affected to the maximum?

I am sure some automotive businesses must airlines, who are being affected.

Not cancelled, but delayed several what I would like to noise back to each of the vertical so who are these nurse has remained unaffected released okay.

And Richard vertical.

<unk> to the Max Shimon.

Speaker 2: And, sir, my last question is regarding the security, cyber security. Our business is so very sensitive. And data preservation, et cetera, is extremely important. And we also hear many cases that this safety and security is breached.

So to my last question is regarding the security cyber security and other businesses already sensors and data presented we have shown excellent drop is extremely warranted and we also hear many poc's bet. This safety and security is a breach.

Speaker 6: Sir, what I would like to know is what steps we are taking in this particular case.

So to what I would like to Louise what steps we are taking in this particular field.

Speaker 2: And, sir, lastly, before I end, I would like to appreciate the excellent work being done by Infosys Foundation under the leadership of Mrs. Subha Murthy.

Lastly, before I end I would like to appreciate the excellent work being done by Infosys Foundation under the leadership of Mrs to bound Moodle Pete.

Speaker 7: I would also like to add that all our promoters, in their individual capacity also, they are working to the society in a very big way. Well, the nation is proud of all of you and I hope you will continue to make the progress as you have been doing in the last so many years. With all this, my pranam and best wishes to all of you. Thank you, sir.

I would also like to add that all of our promoters embedding new annual capacity also we are very keen to the society in a very big Big well. The nation is proud of all of you and I Hope you will continue to make the progress as you have been doing in the last two weeks.

Yes, there's always my plan and best wishes to all of you.

Yeah.

Thank you Sir.

May I now request the next shareholder.

Strike menthol.

So currently go ahead and ask your question.

Mr from <unk> CTO of Jamnagar Asia.

Speaker 10: from the port city of Jannagar, age wise I am 70 plus.

70, plus.

Speaker 10: and I'm a minority shareholder. Academically, I am an MCOM LLB Advocate, and I'm a long-term investor in share market also, as well as I'm a sub-broker on NAC. That is my short introduction. My DPID is IN300-974-100-28000.

I'm a minority shareholder academically am communal wear to work it and I'm a long term investor in share market also as well assignment sub broker on an issue that is nice start introduction.

I N kw 0941 doubles triples.

Speaker 10: Our beloved chairman, Nandan Nilekani Sahib, Salil Parekhsar, other board of directors, Mr. Manikanta, our company secretary, and the secretarial team. First of all, I would like to convey my thanks to all of you for giving me an opportunity to speak at the 42nd AGM. My questions are, sir,

Our beloved gentlemen, when the relief anytime <unk> got.

Lola predict us Mr. Murray Kantar, our company Secretary and the Secretary of state pushed.

I would like to convey my thanks to all of you who are giving me an opportunity to speak at the 42nd Ajay Great question.

Speaker 16: It is said by our very good learned broker, Motilal Oswar, final salaries. Share market.

It is saved by our.

Very good luck with brokered market alone is worth 100 salaries she antibody.

Management will either.

Oh God one here.

Speaker 16: So if I translate into English, Said Nanda Dillekarai doesn't know.

So if I translate into English side and on the delivery of methanol.

We do not.

But I.

Speaker 16: Price is like, for share market, price is like a god. Now I am coming to the info.

Sports antibody against prices like a God now I'm coming to the Infosys.

Speaker 16: From all time high, today, our Nifty, again, Nifty has touched back.

From all time high.

Alright.

Dutch Bank.

Speaker 16: and IT index is minus 8 per

And the.

Next is minus 8% there is a lot of.

Speaker 16: Whereas our infosys price are minus 22% as on today. That much underperformance, Nandar Dilekani, Sallal Paraksar and Americantha, our company's price has done. And as a sir, I have put much more weightage in my total portfolio of my total holding. So it is quite concerning to me. Now let's become to second point. Sir.

In projects right are minus 22% as of today.

And therefore for months now.

But Exxon and American our company's price has done and I have worked much motivated in my total portfolio of my product Harvey.

So it is quite concerning to me.

Now, let me come to sell endpoint.

During last three or four Atms.

Speaker 16: me and other shareholders are requesting the board of directors.

<unk> and <unk>.

Requesting that the board of director.

Speaker 16: to do by the through tender root. That again also after so many requests, you have not accepted our request and last by the equals through open market operation. So we don't get direct benefit like so. Now, money can't that question to you. If I'm not mistaken, from first April , 2000.

To do buyback through tender route then again on software so many requests.

Not accepted our request and last maybe it was through open market operation. So we don't get direct benefit like so now moneygram progression to you if I'm not mistaken.

From April 2024.

Recently shared positive order from first April 19 2024.

Speaker 16: recently, Sebi has passed an order that from 1st April 19th, 2024, all by-beg will be through tender root. Kindly come from whether my understanding is correct or not, because personally, me and my Jamnagar Chamber of Commerce have represented to Sebi that by-beg should be compulsorily by tender root, not by open market office, kindly confirm in your answer.

All right.

David will be through tender.

Whether my understanding is correct, alright, because personally meet and make him Jamnagar chamber of commerce they represented to sandy.

Buybacks would be compulsorily by tender or not by open market, obviously greatly confirming your answer.

Speaker 16: I think, David and policy, I think 85% you are attending back. So I don't ask much question about it.

I think dividend policy, I think 85% Youre returning back so I don't as much question about it.

Now Mr <unk>.

Speaker 16: and the the community. What about organic growth and inorganic growth for future?

So we bought it in London illegally.

Organic growth and in order to inorganic growth for the future.

Absolute biotic stress much talked about artificial intelligence and.

Speaker 16: about Sallil Parix Faraz much talked about artificial intelligence. But as I have a student of almost in law, I don't understand much. But as a third-order, I would like to know, we like the-

That has turned up almost hit law I don't understand it much but is this howard I would like to know.

We like this is an intelligent.

Speaker 16: Support about working or it will detect our working. Please throw some light in simple language Who can understand a student of commerce in low?

Support I'm glad Watergate are equal distant Nevada, working please throw some light in simple language.

Who can understand Australia of commerce in law.

Morning, guys are now gradually to you.

Speaker 16: Every time I have to cast my vote through this mic

That outlook May walk through this Mike.

Speaker 16: limit account. When I go that NLDL site shows my email and my mobile number is not registered. Then I lose complaint with my deposited participant Marwanisar. They say we are already registered your number. Then I lose complaint with NLDL.

<unk> when I go let and then so my email.

And my mobile number is not registered in my logic complaint with my deposited package, but moderating.

We are already registered your number and a large completed and SDN.

Speaker 16: They say, VM also registered your mobile number and it may lie to you perfectly. So, what a problem, where sir? Why he won't ignore this and so?

Okay Rio on solid registered your mobile number any related perfectly, but we'll have probably a geyser my E.

He won't be north central so subtle.

Speaker 16: So SER of stag N at tod GA a energy la with, why go to reply from energy? Tell you afpect transfer and agent ha transfer adistor.

The second element La and Israel.

<unk> got a reply from NGL transport.

As for Allogeneic transplant.

Speaker 16: K. Fintech, the entire of the world, our data is not being taken, because of this, your email and mobile number does not show, while you want to do the awarding. Then he gave me a special password, then I was able to pass my word and register myself.

Catherine what put in Brazil, I'm, not a doctor and Patagonia SKU I'd, just say our mainland mobile number does north slope.

You want to do eroding Pinot nonrecourse special password with India, because I was able to classmate and register Michelle.

And.

Speaker 16: Last points are you are doing so much of social, corporate social responsibility work.

<unk> now you are doing so much of social corporate social responsibility.

Speaker 16: I'm from Jamnagar district, it is my ample suggestion. They do some corporate social responsibility in my district of Jamnagar with concentration of member of parliament, Nijas Kunam, with madam. Thank you for giving me an opportunity and as I so ordered, I'm quite happy. But my price, share price of info is not going and you are not good doing by that by

I'm from German negative it is Matt both physician.

They do some corporate social responsibility in mind listing of Gian Luca.

Consolidation of member of Parliament Columbia, Madam, Thank you for giving me an opportunity.

And quite healthy, but my price surprise of invoices that not going and you are not good.

Hi.

Speaker 7: tender roots, so that is my result to my grievances. Please, thank you all. Thank you Mr. Mehta.

So that is my desire my agreement. Please thank you.

Thank you Mr Mehta.

Nomadic west films propulsion.

And you can go ahead and ask your question.

Speaker 10: Yes, I'm also. Yes, sir, you are audible. Yeah. A subgroup evening, everyone. I am honored to have the opportunity to speak with all.

Yes, yes.

Yes.

That's a word.

At one time.

Alright.

Alright.

What all.

Speaker 16: with you all today. I want to start by thanking the Board of Directors for giving me this task for address.

Great all fully I want to start by thanking all of the vectors.

Arguing me Mr. Scott.

Speaker 17: of you all once again. As many of you would remember, my name is Kaushik Shaukat and I am a starter accountant from Mumbai.

You all once again.

Yes.

Well remember my language culture shell cost.

And Arthur.

Parker from one way.

Speaker 17: I have been facing physical challenges due to dystonia, which has affected half of my body per list. In fact, in my right hand, my right leg has sprained.

I Havent Griffin.

Local dystonia.

The second half of Onboarding.

Alright.

Yes.

Speaker 17: However, I have not let this challenge hinder my passion for accounting. However, I do need your support to continue to be self-reliant. I have been reaching out to you for the last few years, but it seems that

However, I have not yet.

And then one question back on pace.

What I can only support.

Ill or self reliant.

I haven't.

Yes.

But.

Pat.

Speaker 17: My request has gone unheard, I understand that you may be busy with some other things, important things.

Right.

I understand that you may have.

Where is it.

Alright. Thanks.

Speaker 17: But I would like to know the reason why my request has not been given the attention it deserves.

But I would like to buy.

While my question has not been bad.

Speaker 17: I want to make it clear that I am not looking for any freebies, free money. I am simply a...

I wanted to make it clear that unlock roofing Paul any three frame.

Free money.

It will help.

Thanks for that I can go on basketball I believe.

Speaker 17: So as for that, I continue to work to my best of my abilities as a practicist, as an accountant. I value independence and self-reliance and I hope that you can appreciate my desire to maintain the independence.

This is Michael.

Independent client.

Oh.

I appreciate that and then dependent.

Speaker 17: Thank you for considering my request. I strongly believe that with your support, I can make significant contributions to our organization and positively impact society. I eagerly await your response and sincerely appreciate the time and attention you have given me today. If you are interested and willing, I would greatly appreciate the opportunity to meet you in person. Thank you, thank you so much.

Thank you Paul.

I strongly believe that.

With your support I can make significant contribution to our organization.

Or was it really impactful.

Early.

Respondents Jerry I appreciate it.

Thanks, Sean.

The ruling.

Really appreciate the opportunity.

Thanks, so much.

Thank you Mr <unk>.

Now may I request Mr. Santosh.

So some dose and you're going to go ahead and ask your question.

Speaker 7: Santosh, can you kindly go ahead and ask your question?

Speaker 18: I would like to thank the Honorable Adarsh, the 25 distinguished members, officials, and my six-year-old brothers and sisters who are present at the conference today. I would like to extend a warm welcome to all of you, especially Manikanta,

Martin.

Yes.

Does that does it end.

<unk> already got committed shareholder by year's end.

The Google.

Walter.

As the leader.

Well this is what and when they can designate them as well.

Okay.

Speaker 18: I thank you for your team, I thank you all. First of all, I thank you for the 34% dividend you gave this year, which is the highest dividend. I thank you for that. Second, I thank you for the fact that you have 39.4% women employees out of 3,53,234.

And then there wasn't that in Brazil.

Gordon.

Sounds good.

Is it does.

Those are the good year.

You did.

And there was.

This does that.

Good.

I never did though yes.

Right.

Or will it play out.

Yes.

Yes.

Speaker 18: Much he said I do his much female, female ty of 40 per the, the female direac chcal per center. The maja of feature, a direacto lucky it comes in AR. Give one curing again. Just amplthe char omain permential pro. So direac under the move Form, ment meating that, because the other thing is.

Well Doug.

Doug as well.

It is made.

Millions of data.

The email.

The Mcdonald Please tell me and Dieter Lastly is your concern I guess.

Yes.

Yes.

Well again, there's a little bit.

Paul.

We've got to have the thing.

Speaker 18: And last year after at the plan for 1800 fiffety cre has the sorttal, So it will be nucleent. It educated D the year again after reporance. Co damit se vers.

Yes.

1000 <unk>.

Yes.

Thanks Glenn.

Yes.

Okay.

Thanks, Stephanie.

That is already in play.

Speaker 18: that how many employees work from home, or send this gadget.

Welcome home.

Yes.

All good numbers.

Speaker 18: Ok, now see what has happened somewhere And that's all

What was that.

It gives us as I said.

Yes, Youre right.

Speaker 18: you have to go to the bike bank and you will not get the benefit of it. You have to go to the high sprees and you will not get the benefit of it. But if you don't get the benefit of it, you will get the benefit of it. So I will go to the beach and you will get the benefit of it.

Yes.

You bet.

The highest one day.

Yes.

Great.

Doug.

That's very helpful.

That didn't meet all of our debt at <unk>.

Speaker 18: You second 10 NE go to the decent, decent people while recoverrest to take again after those. I still benit.

Got it.

He said.

So while it will.

J J.

As youll.

Speaker 18: What other people would want to eat for them? Then what could happen...

Yeah, the liver damage.

The other way Gatineau.

Speaker 18: Immediate the purure of selfll conttain alsoto mjata, and also purchidual longterm invation du age of.

But digital sale.

We get that and looser, but in the long term investment.

Speaker 18: She based on the char jman who still lo RIA. She says M an careria, J P the loyal orderance both of my younger mal based actually 10 program, will TA the manual. Father is going, been you, my other, the many in no matger.

Nick Joseph.

One is getting a little yellow.

Is there any yards.

Diluted because.

The loyalty narrowed a little bit.

Well thank.

Thank you Ron good candidate.

We're going to do that.

My job is nowhere near normal.

Speaker 18: I would like to know the number of new employees you have added this year, what are their numbers and what is the female percentage?

There you go.

Is that the new lay up net one.

Okay.

Alright.

Yes, yes.

Speaker 18: Once again, I would like to thank all the directors, officials, shareholders, brothers and sisters who are present at the video conference today. I wish them and their families well. I pray that the 2020 financial year is a healthy and prosperous year for all of them. Once again, I would like to thank the Secretary and his team for their hard work and dedication. Namaskar.

As the lender.

Any direct debit.

Got it.

And all the variables that details of that.

Goodbye.

Oh no.

Yes.

Well savi.

Is it healthy.

Eagle is well worth it.

Yes.

It is going with the Nols that you.

You indicated you got it.

David.

Nonetheless.

<unk>.

Thank you Sir.

Speaker 7: To MR sunpche near mind. May request MR Dara.

Thank you Mr Santos.

Now America.

Ameriquest Mr Donato.

Mr. <unk> can you kindly go ahead and ask your question.

Speaker 19: Good evening and greetings of the day to the respected chairman and all the board members of the company. My name is Dr. Dharav Jamadar. I am from Surat, Gujarat. My DPID is IN303028.

Yes good.

Good evening and greetings after day to their respected chairman and all the board members of the company and my name is Doctor that underlie that Amazon. So that puts you at <unk> I and <unk> zero to eight.

Speaker 19: First of all, I would like to congratulate each and every stakeholder of my company on performing tremendously well, outperforming their peers and posting a robust number, both on a queue-on-queue and buyer-by basis. Sir, like every year, it is an honour and a memorable moment to get an opportunity to have an insightful conversation with you on different aspects.

First of all I would like to congratulate each and every stakeholder of my company on performing tremendously well outperforming the peers and posting a robust numbers both on Q on Q and Biolay visits so like every year. It is an honor and a memorable moments will get an opportunity to have an insightful conversation with you on different aspects.

Speaker 19: I would also like to acknowledge and appreciate the efforts of the Corporate Secretariat Department. Some of my questions which I would request you to address are, first, apart from the cloud capabilities and differentiated digital services, which segment might be the third pillar to the stellar growth in the coming years?

I would also like to acknowledge and appreciate the efforts of corporate Secretary Department.

Most of my questions that I would request you to address our first apart from the cloud capabilities and differentiate their digital services with segment might be the third pillar with a stellar growth in the coming years.

Speaker 19: Second, what is my company's strategy of maintaining higher ROE despite suffering from the issue of lower margins?

Second what is my company's strategy of maintaining higher iron ore E.

Despite suffering foundation of lower margins.

Speaker 19: Third, how is my company going to improve its free cash flow conversion in this particular fiscal year?

How is my company, Guangdong Province, free cash flow conversion in this particular fiscal year.

Speaker 19: Fourth, apart from leveraging more on generative AI capability, what are the steps that my company is taking to improve the productivity within the company?

For a background leveraging more on January two AI capability, what are the steps that my.

Company is taking to improve that productivity within the company.

Okay.

Speaker 19: Considering the company's BFSI segment has only 2% exposure in USA's regional banks, which segment of yours do you think shall be highly and which segment will be least impacted by the case being that US goes in recession?

Considering the company's be FSA segment has only 2% exposure in USA regional banks, which segment of yours do think Shelby highly and which segment will be least impacted by the case.

Being that U S growth.

<unk>.

Speaker 19: 6. What, according to you, shall be the role of IT services 5 years down the line, factoring in all the recent developments of AI and many such things related to it?

Sixth bought according to you Shelby the role of IV services five years down the line factoring in all the recent developments of AI in many such things related.

Speaker 20: Seventh, what steps has my company taken for the well-being of its employees in this last fiscal year? I wish all the best to my company for this current fiscal year. Thank you, sir. Thank you, Mr. Dharao.

Seven what steps has my complete taken for the well being of its employees in this last fiscal year.

I wish.

All the best to my company for this Grand Australia Tengiz.

Thank you Mr <unk>.

Now my request it should be.

Mr. <unk> can you go ahead and ask your question.

Speaker 21: Good afternoon respected chairman sir and members of the board. I am Shruti Saraogi, a proud shareholder of Infosys, polio number 300693, joining in from Kolkata and a member of the Kolkata chapter of Millennium Man. I have two questions sir. An important part of our operations is human resources. As we know there is a shortage and attrition rates are high in the entire country.

Good afternoon respected chairman, Sir and members of the board I am sure. This analogy umbrella shareholder of Infosys, well, you and number three that the genoptix landscape joining in some coal and a member of the call that the chapter of Millennium Man.

Two questions now.

And what is part of our operations and human resources as we know there is a shortage and attrition rates are high in the industry.

Speaker 21: Do you think it would be a good HR policy to provide accommodation? Theoretically, if we put up a campus in Mysore with a new Mysore-Bangalore highway, the distance is only one hour. This could be on the lines of the GIFT city in Gujarat, where all facilities are available. This would help reduce attrition rates. Please share your views on that. Secondly,

Or you think it would be a good agile policy to provide accommodation.

So basically if they put up a campus in milestone with a new MISO Bangla highly the distance is only one hour.

This could be on the lines of the density in goods that when all facilities are available this would help reduce attrition rates.

Share your views on that.

Second.

About replacing humans in many work area and being a threat.

Speaker 21: about AI replacing humans in many work areas and being a threat.

Speaker 7: On which side of the opinion spectrum are you and why? Thank you so much. Thank you, Ms. Ruti. Now, may I request Mr. Om Prakash. Mr. Om Prakash, kindly go ahead and ask your question. Can I do it, sir?

This side of the opinion spectrum IQ and Brian . Thank you so much.

Thank you Mr <unk>.

All made a question Mr warm Prakash.

Mr. <unk> go ahead and ask your question.

Luisa.

Yes, so you already have it thank you.

Yes.

Okay.

So please go ahead with your question.

Thank you Sir.

It remains our view.

And good evening to everybody attending this AGM.

Speaker 22: Mike is not existing camera by the time Imam Ilten Shah ad A Times

Marshall warm parka excuse me Ron.

Good evening.

Sure.

Hello.

Yes, we can hear you are going to go ahead with your question.

Speaker 22: Yes, sir, we can hear you kindly go ahead with your question. Yeah, right. Thanks to our superintendent team.

Thanks to our team.

We're helping manage Jason are you speaking to Eduardo.

So this is my first AGM only due to what you will do.

Speaker 22: Sirji, this is my first AGM only due to virtual. Though I am your very old shareholder, it is just an opportunity for me to speak and join this AGM.

I am here to reward shareholder.

That's an opportunity for me to speak.

I'm joined this AGM virtually.

Speaking in Cologuard.

Speaker 22: new technology's come out as a gift. If possible, please follow this type of virtual agent in next year also. Thank you. Wow.

Neurotechnology and commodities.

As possible. Please malo this title virtually Jimmy Nextgen also.

Thank you Al Walker performance.

Speaker 22: I will talk to you, first board of directors tomilady and employees who dedication

Mind blowing performance is.

<unk> board of directors quarters every employee snowboard want anyone.

On the beauty of <unk> seven photo grower.

Speaker 22: on the ability of rupees 2074 crore, our total income is rupees 1,278,730 crore, but what? 1,278,873 crore on a channel basis and our net profit is rupees 23,268 crore. In this case I cant issue scrutinize rupees 25%.

Our total income is two page 127, <unk> 700, Caron Butler, one one lakh 27.

Eric 70, Pico on external business and our middle East will be 23 crore 23000 to 68.

EPS at <unk> 55.

Speaker 22: 0.48, 10% more than previous years. And due to the need group is 34, means 62% distribution of net profit. Very good distribution certainly. Thank you once again. You are an Indian MNC.

148, 10% more than the previous year and.

And do they need to restart before means 62% of distribution of net profit.

Very good distribution uncertainty. Thank you one thing.

The water and Indian MNC.

Beauty of our company. Our total income is increasing every year.

Speaker 22: Beauty of our company. Our total income is increasing every year.

Speaker 22: Our net profit is increasing every year. Our EBS is increasing every year. Our dividend is increasing every year.

Our net profit is increasing every year.

Our EPS is increasing every year.

Our dividend is increasing every year.

Speaker 22: And our equipment is decreasing every year. This is the beauty of our company.

And our equity is decreasing every year.

This is the beauty of our company.

Speaker 22: A share roller court is required. Thank you very much for this. Sir, today my dream come true. Today I am interacting with a scientist, a innovator, a good human and a donor. Mr. Nandan Nilkani sir.

<unk> called <unk>.

Boardwalk Novartis Gilead.

Subject to my Dream come true.

Interestingly the scientists.

<unk>.

Gordian and <unk> gone up.

Mr. Nandan Nilekani said.

Speaker 22: Sometimes back I came to know from media that you donated a good amount of money to IIT Mumbai.

Sometimes they're back to normal on media.

Donated a good amount of money into more weight.

Speaker 22: It will be helpful to put in developing a new potato cro Canon iTunes video video. It will download the original Mac? Powerrell !

Our childhood onset of Schlumberger Baker Hughes will be helpful.

In developing a new crop of experience.

Speaker 22: You developed Adhar Karn which is helping today our country too much. Thank you, sir.

You will develop at art gun.

Which is helping to relay our country too much damages.

Speaker 22: Mr. Salil Pari, you are also a great person.

Mr <unk>.

You had obviously a great person.

Speaker 22: You are helping our country in several ways. You develop new software for our income tax department, which is working well today. Such a two-way question is, driver left car, how much it is going to develop? Second artificial intelligence.

What anything or can be in several years.

Tabloid news, Austria, what our income tax Department, which is you are getting ready to head.

San Diego portion of it.

The annual lift guidance.

How much of it is in the block.

Second hockey Freescale intelligence, which is so called AIA.

Unemployment increases after two years.

Speaker 22: how it will affect human life means what is inside it?

How it will affect human life means what is your side effects.

Speaker 22: Third, any modification in guidance, previously you have given downward guidance.

Any more communication and guidance previously given downward guidance.

Speaker 22: You have secured new contracts 2, 3 days, 2, 3 days back. So, after that, there was no change in your guidance. Tell me everything for that.

You have secured new contracts.

Two three days back so.

Goodbye <unk> guidance, Nick Junior worker is collateralized by about a year.

Thank you <unk> Atlanta.

Speaker 22: Thank you. Thank you, Sadi. At last, Sadi, please maintain your smile and wish you a full. We are always with you as a long-term investor. Thank you. Thank you.

<unk> maintained your smile and we'd hear Paul.

Always with you as a long term understood. Thank you. Thank you.

Thank you Mr. Prakash.

Speaker 7: may now drop the free Rama we know the Adilakshmi.

You may now.

Sriram, all we know that the Lakshmi.

And then finally go ahead and ask your question.

Speaker 23: Dealing chairman sir and members of the board and a member of Millennium Nam Daniel chapter and a proud share of all of the concoctures.

We maintain an <unk> in Mendoza.

The what.

The amendment of Millennium Moms, Daniel on the cloud are noticing.

I would like to ask a few questions.

Speaker 24: I would like to ask you two questions. My first question is, the session is booming large in America. It is the second reading you've given that the North American business only takes the time.

Mike Burke.

You mean Latin America.

Revenues given that the North American business.

Speaker 24: So in this condition, what is your view about the important experience?

Got it.

What is your view about what the clinic.

Speaker 7: And my second question is how is the process investing in employee upscaling and the filling to adapt to emerging technologies and its changing lines to demand. Thank you. Thank you, ma'am. Thank you.

And then thank you.

How is important.

Employee.

Andy.

No adapt to emerging technology.

Thank you Jane.

Hum.

Thank you ma'am.

Man I would request Mr. Ivan <unk>.

So kindly go ahead and ask your question.

Sorry, we can't hear you if you can on mute and ask your question.

Okay.

Speaker 25: Time, Adiwal, gentlemen. Yes, sir. We can hear you now. Thank you, God. Thank you. Thank you. It is great pleasure to join you in the process. Respect to the highly respected humble Mr. Chair of our chairman. And other dignitary attending this meeting.

Hey, Marty well gentlemen, yes, we can hear you know Paraguay.

Thank you.

Danny impulses with respect to the highly respected humble Mr. Jett, our gentlemen.

Adult ignorantly attending this meeting so many question has been asked in a framework with just one question for Mr. Chairman, because he's at Blizzard warning and cellular Lilly given there's a picture.

Speaker 25: So many questions has been asked in the three-month round. Just one question, Mr. Chiaramay, because he's addresses too good. And Salilay has already given us a picture. The question remains not to ask. But certainly, one question in the mind regarding the fluctuation in dollar. Mr. Chiaramay, what is the contingency plan? If the dollar cries.

Sure.

To us.

Our total year one question on the minds regarding the fluctuation in dollar.

Mr Chairman Mr. Ken what are the contingency plan if the dollar crash.

Speaker 26: How you will see in the future growth of industry, particularly IIT globally, how the growth and future of our organization will be. Thank you and good luck ahead. Thank you.

How you will see in the future growth of industry politically.

Globally, how the growth in the future of our automation will be thank you and good luck.

Thank you Mr <unk>.

You May now request Mr. Alex.

So Alex Thank you.

With us.

Speaker 27: Hello, how many audience? Yes, sir, you are audience. Good afternoon everyone, good evening everyone. Thanks for the opportunity. So I am Alex Pundin joining from Bangalore. I am a manager at the shareholder action.

Hello, Amit.

But yes, so you're already.

Good afternoon, everyone. Good evening everyone.

Thanks for this opportunity.

So.

I am Alex Banana joining from bank Leumi.

And the minority shareholders that actually.

Speaker 27: So I'm also a software developer for over 20 years. So my question is related something related to generative AI.

And what's the software developer for 100 years. So my question is it a later something better to generate either AI.

Speaker 27: I had to ask this extra equity slip. So basically I've been using this and I know the power of this actually. So it increases the productivity by around 32, around 90% depending on how we use it.

I had the loss of this extra equity sleep, so basically <unk> been using this and I know the power of this actually so it increases our productivity by around 30 to around 90% depending on who it is used.

So that sort of thing is that.

Speaker 27: So the thing is that which I've been chairman Nantanila Kanishad and Salil Pereksar have told about InfoSistopas and externally how plants are using it and are needing that. But my question is internal looking. So if you don't adapt to this, this is going to be a threat.

The chairman Nandan, Nilekani stat, and sell it better et cetera have told about Infosys Belfast and externally.

Are using it.

Needing that wed make listing is both internal looking so if you don't adapt to this.

This is going to be it actually grew our company actually.

Speaker 27: So maybe this is already getting reflected in the market. I'm not really sure. But what is the plan short term and long term of enforcing this technology for increasing productivity and quality? And...

So maybe this is already getting reflected in the market I'm not really sure, but what is the plan short term and long term of Infosys and leveraging this technology for increasing productivity and quality.

<unk>.

Speaker 20: There are a lot of implications to this. So what is our company doing related to this? So it's a hard question, but I had to ask this because, yeah, this is in top of my mind actually. So thanks once again for the opportunity. Thank you, Mr. Alex.

There are a lot of implications to this though.

What is our company doing related business. So it's a hard question, but a hard glasses because yes. This.

This is on top of my mind actually the thanks once again.

Or the auction.

Thank you Mr. Alex.

Now I will take questions Scott tunnel Soho.

That's correct.

Speaker 10: Ratanu, kindly go ahead and ask. Ah yes. Ah, am I audible? Yes sir, you are audible. Yes.

Finally go ahead, yes.

And my order book.

How do you already bought.

Yes.

Scott.

Speaker 10: Good morning and also good early morning to our world because it's

Good morning, Good evening and also Google already morning, two outward.

Nicole impulses.

Yes.

Or no hosting.

Speaker 10: Sir, I am Atamushaha, a shareholder of InfoCin. My recipe is chairman and board independent director.

So I'm sure it is shareholder or imported.

Minus 50 chairman.

Gordon.

Independent director.

And.

My Company Secretary.

His total team.

Speaker 10: and all facilities and all my shareholders present in this virtual meeting.

And all varieties.

And all my shareholders present in the <unk> meeting.

Yes.

Sure.

Speaker 10: Sir, I thank you that I get this opportunity to speak.

Thank you.

This opportunity to speak.

Speaker 28: So today is 28 June 2023. Our company organizing is 42, 42 second annual general meeting. Sir, previous shareholders, the annual number of questions should not necessarily be picked. So by just two or three questions, this is how many MSNs?

So to me, it's 28 June 2023.

Our company already.

<unk> for the second annual General meeting.

Our previous shareholders.

No more questions so not necessarily repeat so by just two articles Jane this is.

How many are missing.

Participate in this year.

Speaker 28: and how imposes manage its metaphors foundry. And explain cost of sales.

And how important is <unk>.

Minto fourth foundry.

I'll explain costar suite.

In this financial year.

Speaker 28: and how we do returns and returning to green initiative and sustainable world development. And how our company come back with climate change situation.

And how or how we do our return and returning to Green initiative, and sustainable or developments and how our company.

We will come back with.

Climate change.

Situations.

Speaker 20: Thank you. I, Ata Misraha with a good year ahead with good results and good health to everybody. Now I am handover to our moderator. It's in process which navigate our next. Thank you, Mr. Ata Misraha. Now I will request Mr. Ata Misraha. Now I will request Mr. Ata Misraha.

And Noah I Etame.

However, with the Goodyear ahead with good result.

Good here.

To everybody no.

And go back to our moderator.

Impulses reach navigate our mixed and nobody knows.

Thank you Mr Botner.

Now I will request Mr. Saddam on the subsidiary.

So currently go ahead and ask your question.

So currently our neutral and ask your question.

Hello.

Okay.

Hello.

Hello.

Speaker 7: Hello? Yes sir, we can hear you now. Finally go ahead and ask your question.

We can hear you are not going to go ahead and ask your question.

So I think again it has been muted.

Can a mute once again please.

Speaker 22: Yes sir, please go ahead. Are you ready? Yes sir, we can hear you kindly go ahead. Good evening, I am Sadanudha Shastri from Bangalore. My number is 1170 double-201.

Yes. Please go ahead Oliver yes, we can hear you.

Good evening and put onto the health reform, Bangalore minor biodiesel analog Kovack thereafter vitals airline.

I have already talked about but haven't given an ace by forex, but I've ever a profit growth of Carotids.

Speaker 29: What's the fall? I thank the board for having given a nice performance. But however, a profit growth of growth is mere 962 crores, which is lesser than earlier.

<unk> thousand 962, cross, which is lesser than other areas.

Speaker 29: I am sorry to say, shareholders are losing dividend benefits in the form of tedious.

I'm, sorry to say shareholder far losing your end of any picture at the bottom of GDS.

Speaker 29: Even though they are not liable for it.

They even though they are not liable party.

Speaker 29: maybe due to lack of the guidance from the company's team concerns.

It may be due to lack of.

The guidance of the company is steep contango lot of confusion RV Guy cropped up incorporating part of 15.

Speaker 29: lot of confusion or being cropped up in submitting form 15 hatch. What particular, the coordinator's team is required, we do not know.

What particular asset that a coordinate a scheme is required.

No.

Speaker 29: neither they will disclose it nor rectify it. With this, I have lost many thousands during earlier years, proper guidance from the team is needed, sir. Sir, I will go by page wise from the report. Surely from the report, I will not deviate anything. I may see evade this one. Time.

Neither they will disclose it not directive IV with this I have lost power during our Alere, yes proper guidance from the team as datasets that I will go away.

Graduates from very poor purely from the report I will ask David identity MSA.

And at this time.

Hi.

Great report page number 19 in.

Speaker 29: I will report page number 19 in revenue geography. India has secured the least place 2.6%. How do you uplift this? Is there any negligence in the Indian market?

And revenue of geography, India has a secular that he has to place coupon six perfect. How do your uplift. This is there any negligence in the India market.

Speaker 29: page number 22, in the column term ending date of chairman, you have used the abbreviation abbreviation, abbreviation ending.

Great number 22.

And the column Param ending date of catamaran.

Use of the abbreviation abbreviation NDA how.

Speaker 29: How do you justify the word NEA when all other director or having ending date? Use the word NEA is appropriate.

How do you justify the Atlanta, EMEA, where all other directors are having ending date.

Here's the <unk> NDA is appropriate.

And number 45.

Speaker 29: is negative of 0.4.

It is pretty even though not the revenue growth is in the negative negative or 0.4.

Speaker 29: how the company will bring it up to positive in the current year. Kedlam.

The company will bring it up.

Project, you know in the current year.

Number four ethics.

You had said 1347 employees disclosed that their disability.

Speaker 29: You have said 13,357 employees disclose their disability.

Speaker 29: What is the meaning? Does it not affect the image of the company? Pay number 58.

What is the meaning does it not affect by E mail at the company.

About 58.

Sorry, Paul.

Speaker 29: an excellent amount of income of 268 crores is taken out from profit towards comprehensive item to make round the other figure 23,000. What is this item for? is

And accelerate the amount of income.

268 crores is taken out from profit pillar of what <unk> done to make around the other forgot to.

What is this item.

Great number at six IP.

Speaker 29: in transfer of reservoir.

And transparent in our transfer of resolve.

Speaker 29: said that you have not transferred any amount to reserves. Does it not speak about the stability of the company?

It is setback Johan transferred any of them all.

Does it not a speaks about the stability of the company.

Speaker 29: page number 66, registration that is resignation of director.

Great and about 66.

Yes.

That is sitting ethic nation of diode direct us.

Speaker 29: My stalemates like Mr. Karan Majumdar, Mr. Sai Kumar, Mr. Mohit, etc. are leaving the company. How do you safeguard the image of the company?

<unk> like commercial carrier cannot imagine that message I come up Mr. Moorehead, etcetera are leaving the company Audi or safeguard the image of the company.

Speaker 29: Bed number 40, out of 98s of 3DIs, some like unit 15, Shanghai.

Page number five out.

Out of 98 subsidiaries, some like unit unit 15, Shanghai.

Speaker 29: 33 Baselites, 38 Malaysia, 53 Turkey Bellagi, 88 Germany or Incarring Glass. How do you struggle hard to bring these to a positive line? However, Panaya is shining now. Thank you very much for that.

T based life at <unk>.

Eight Malaysia perfectly that gave a lagging the Adi Germany are incurring loss, how do you kind of go hard to bring these are.

Posit your line however by NII is shining now that you're adding with fireeye.

Number 81.

Speaker 29: the remureration of managerial personnel 287 co is more powerful and

And there are many rationale for managerial partners.

Southern coal and more power is more powerful.

Hi.

Thank you Rob.

Great bike at the personnel at our Big Ethics and the follow the other company is as he was the sacrifices in the interest of company.

Speaker 29: the personal adopt ethics and follow the other companies to see what is the sacrifices in the interest of company first as well as companies employees.

As well as companies in place.

Speaker 29: Grade number 83, congrats for the company's second place in top 10 in remuneration.

And about 83, congrats for the company's second place in top 10 in remuneration.

Speaker 29: And what way this rank benefits to the company? Do we see first rank in the next year? 10 over 299, 299.

And walked away this rank beneficiary of the company do we see faster ramp and then next year.

And number two ranked Tonight go 19 balance sheet why there is that argue variation in restaurants in.

Speaker 29: Why there is a large variation in investments in standalone and consolidated? That is, 23,086 across versus 12,569 crores. Lastly, page number 301, another expensive 130 crores increase in credit loss.

Stand alone and consolidated it decades, but the 3006 <unk> 686 across Whatsapp ballpark around 569 gross lastly, there is number three in Atlanta, and other expense of 100 and it grows in Greece.

Weight loss can.

Speaker 29: can the any adopt strategies, strategies to the company can adopt strategies to reduce it to the nil. Whether this would be a hit current for the current year profit. Thank you very much sir. See you next year in…

Getting fatter.

Saturday's.

The company cannot up effect against the radials a distorted by.

Whether this would be a hit that current as of Friday correct Theater profit. Thank you very much for your next day Air and.

Speaker 29: I will bang a little only in the physical meeting. Thank you very much.

Aric, Bangalore modeling and our physical waiting thank you very much.

Thank you Mr <unk>.

Now may I request, Mr. Manoj to kindly go ahead and ask the question.

Speaker 7: Now may I request Mr. Manoj to kindly go ahead and ask the question. Hello.

Hello.

Speaker 28: Hello. Hello, meet me. Hello, meet me. Hello, meet me. Yes, sir. Good, ah. Yeah, good evening.

Hello, Hello meeting again.

Okay.

Yes.

Yeah good evening.

Speaker 29: But including this respected Chairman, P a acted sallow shareholders.

Good evening.

We expected chairman <unk> silos here on us.

Speaker 16: My name is Manoj Mahabhata. I join this meeting from my decision residents.

My name is punishment.

I'm joined this meeting from my desk again next.

Today's call.

Speaker 28: First of all, I thanks to you and your team on the excellent result of the company for the year 2022-23, but I'll respect your emotional journey. But I could not recognize you after seeing you today through VC, that in the last five years everything has changed. You are here as come quite...

Thanks to you and your team on the excellent results of the company for the <unk> 2022 Kankakee Bagman I agree with respect to your Houston economy. My back will not recognize you all continue to wait till we see.

<unk>.

Speaker 29: because when I meet you for six years back in the mean, having to look like a young man, today your age is saying that you become between 60 to 70. But anyway, I wish to go for your healthy and prosperous, safe, long life.

Because when I believe youll five six years back nearly every day.

They look like and again, saying that youll become between 60 to 70, but anyway I wish to walk further NPL plus please if long life.

Speaker 28: And thanks to our MD Misha Parik, who's nice presentation, that the shareholders will inspire. And the market will both tomorrow, because on each presentation, he is given a nice presentation. And I thank Commissioner Manikantai D. Stee, for their excellent job to put these small shareholders to help them, small investors, to join this meeting through this.

Thanks, Laura and English a pallet pools nice presentation. Thanks, Thanks, sure RSV inspire and in that market.

Tomorrow because.

Presentation is even a nice presentation.

Commission that money on time, HD, but again just to put this month's International Inc, who had a very small English test advantage, making service.

Speaker 29: First type of people should be in the corporate sector that can have the pupils to highlight.

SaaS stave off movements will be in the corporate sector.

And in Q2.

Speaker 28: For this convey my best wishes to our founder that his son in that become the UK, to a PM of UK. Because I know that one thing, those have ruled us on earth for 200 years. Now we have got a chance to rule on that.

But each one of them are vast initiation of our Honda that is funding lagged the company Inc.

<unk> okay.

I know that one P don't have rule.

But now we have got a chance to rule on that.

Speaker 16: After 200 years. So please convey our best message to them.

Updated 200, MBS. So please convey our investigations to date.

Speaker 28: that it's something that has got success, ultimately to be a care of the team. And thanks for your due nature. What's your policy for CSR? Have you only planned to expand some amount in this part of the country to do something for the community and the society under the CSR? And sir, there was a media report some days back after the close down of the work from home, several young generations who will say they're extending their admission.

Eight selling that into the scanner.

And thankfully endurance and Marshall quality bulkier heavier implant to explain some of that now in this part of the country to do something for the community and industrial side given the CSR.

Dave I didn't mean, we added four Sundays back after the close down of the work from home.

Well young generations with Bill says extending their resignation.

Speaker 28: in the TCS and in for this. So what are the status? How many people since tender day resignation? After they close the, after, such down the window of home, what's from home?

In the Tcs and Infosys.

Steve just following the recent standard data designation after close.

Some thunder window on Black Swan and said well I have any aggregating court and then Blackhawk economy negative income tax by having any plan b to get better job Duffy.

Speaker 29: And sir, have you ever caught any other work for the government like in Comcast? What are having any plans to build to get further job objective or a bit of any state government? And I know we're planned to say of the cybercrime. And sir, have you any plans further to launch any buy back?

Duffy neon any state lottery.

And I know, we're planning for sales of the cyber crime.

Any plans productively launched any buyback.

Speaker 28: and plan for new campus in North East. North East is growing up after becoming the IT environment. So think about that to launch some new campus in North East to give a young generation chance to take and campus. Are any plans to split the sphere, to increase the liquidity and the...

And plan for new and fast in northeast northeast is great not often become 90 borrowing so take on outback to launch some new games back in northeast <unk> Young Kidney-shaped Thompson.

Okay and can pass on any plan.

In case of liquidity and debt.

And in the market.

Speaker 28: And sir, where do you plan to tie up with the IR-CTC for railway work through the end enforcers?

And certainly I have any plan to tie up with the idea of CTC Lima, Peru.

Infosys.

Speaker 7: Thank you, sir. Once again, I thanks to your company, second team, which came to for their support to the small investors to have joined this meeting through VC. Namaste. Thank you, Mr. Manoj. May now request Mr. Roshish to kindly.

Once again, I think steel companies again.

Me.

To further support.

So hopefully smart investor who had joined this meeting to be see nonstop.

Thank you Mr Manoj.

You May now request Mr. Ashish can you go ahead and ask your question.

Yes.

Yes.

Yes, and moustache issue, we can hear you <unk>.

Speaker 22: ????????? honey perform a career a , and I like this asmtoday.

Mr. Jim <unk>.

Gotcha. Thank you company in Checkmate <unk>.

<unk> too bad.

Speaker 29: I hear the news about the infrastructure working at DomPipesh and to keep it in office and to keep it in at DomPipesh It is sure why we working at DomPipesh

The newest model.

Well, it's all about me Tom.

And as.

As you know Agrigento dancing.

Oh it is Sean.

Tom.

Speaker 22: I'll show you a comfort bike bag I would taste that open market you are going. Why you are not going to enter the room to dim or park because the small tent or several tent take part this notification? I cannot understand.

All right.

Okay.

But kept yours.

Great.

Dan.

Jim.

Cards, and small gentle shallow Tim thanks, Bob.

Thanks, Jim.

I cannot handle channel.

Third point.

<unk>.

Speaker 29: And also I have given him a... I do not want to take your time.

And I'll just add garen.

Hi.

Thank you all day.

Speaker 26: If you can reply my queries by him, I am a thankful to him. Thank you so much. Thank you, Mr. Roshan.

You can replay my garbage.

I am thankful.

Thank you so much.

Yes.

Thank you Mr. Ashish.

Now I will Lucas from security Shaw.

Hey, Brandon.

Catherines up.

Yes. My name is good in Asia would have been.

Speaker 29: with that may good

Uh huh.

Speaker 29: nationalism video

Good afternoon.

Yes.

Jeremy but of all malaria.

Okay.

Gentlemen.

Speaker 29: Chairman sir, you have said steady performance. Last quarter also you have 10 or 32 thousand. This quarter also, my quarter is 30 thousand rupees. And Robertaviti also, 6 thousand rupees. Same.

But a whole months.

Last one.

Yes go ahead.

There is 30000 barrels.

Robert.

Thanks Arlinda.

What do you plan.

Yes.

Speaker 29: Revna will be an interest, snap cover to the interest. What is your future plan? Why steady growth only?

<unk> is now covered with bankers what gives you will get a part why is Jeremy the other only.

Gentlemen that I already said in Germany, you have normally play.

Speaker 29: crum Present I've already sent so many emails but you are not replying,tering to the world.

Right.

Speaker 29: Kermiser you have to follow corporate growth, don't you? You are not going to corporate growth. Currently I am expecting you are not going to corporate growth. I am...

The one on one.

You are not willing to open doors.

Yeah.

Well and about $1.

Okay.

Speaker 17: Finally all of the corporal's laws and been replied the full details, email replied, which you all the best, thank you very much. Thank you.

One of them.

And then Ben replied, a worthy goal.

Im a little black with Johan Thank you very much.

Thank you Sir.

Minority question stuff.

Sure.

We started up a time to go ahead and ask your question.

Yeah, Thanks, Joe Montana.

Speaker 11: Yes, thank you, Manikanta. My wife is an Arabian. Yes, we can do it. Thank you, thank you, thank you.

My wife is a high.

So yes, we can.

Thank you. Thank you. Thank you.

Mr. Nandan Nilekani said dynamic later others sediment.

Speaker 30: Mr. Nandan, I am sir, dynamic leader, Adhach Harman, my company back more. Thank you. Namaste, sir.

My company backed model.

And then on Amitiza.

Cellular for ABB.

On NIM and then rising.

Speaker 30: and all the other director, film director.

Monica Desi and all the other <unk> RTD.

Auditors scrutinized.

Speaker 30: crutin as of this area and my fellow sha us of this video conference.

Israel and my fellow cetera distributor conference. Good evening Namaste settlement animals that are typical little on from either a financial adviser with the Motorola.

Speaker 30: Good evening. Namaste. Sir, my name is Retepa Gulluru. I am from Hyderabad. I am a financial advisor with the Motila Loso. Sir.

Speaker 30: I just share your dollar and I am very happy about the company performance financial 42 as usual sir.

As I said earlier I'm really happy about the company.

Okay.

Thank you so much segments are doing very good.

Speaker 30: so much. Sevens are, you have given very good speech about my company for comments last financial year.

First of all our company performance the last financial year.

Speaker 30: Sir, I would like to share my experiences in physical age, sir.

I would like to share my experiences and physically themselves London hurdles are both.

Speaker 30: Nandansar, Saril sir, you're both of backbone of my company. I have very good memories. I have very good photographs in physical AGM class, 2018-19. And Nandansar is a very good person, sir. I have a question for a photograph. He's immediately accepted with the security people all over him and taken a photograph. He is a wonderful moment in my life, sir. Thank you so much. That's reason I'm waiting for this AGM, also one on the other. Thank you so much, sir. I would like to thank this Carpet Gowne. Earlier, Scotiar Roy is speaking about the Carpet Gowne, sir. No, I'm not agreeing that, sir. The Carpet Gowne is very wonderful of my company as ethically.

Both the backbone of our company I have a very good railroad is a very good photographs in the physical lithium carbonate in 19, and London Saturday is a very good person that I heard the question for a photograph is immediately except Canada.

In particular capable aloha and taking a photograph there it's a wonderful woman my lifestyle. Thank you somewhat destiny I'm waiting for lithium.

Uh huh.

Awesome.

Thank you Samantha that I would like to tanker discovered garners Atlantis consider ways of thinking about the God, we're going into now I'm not agreeing that Saturday cardboard gone as a very wonderful up my company as ethically accountability.

Speaker 30: accountability, or transparency.

Our the transparency of icons everything is and certainly some sentiment there.

Speaker 30: Everything is there sir, Mr. Nana sir, sir Please keep it up and Special thanks special to my company secretary Manikonda and all the MPS of my company wonderful company sir Nandan sir

Please keep it up on the.

And special Thanks to solid growth of our company Secretary Amanda conduct and the other in this.

My company Wonderful company so nandan.

Speaker 30: I wanted to highlight the way of doing the society and Indian IIT technology.

I wanted to highlight the need where they're doing the the associate D&A and then these AAV technology.

Speaker 30: The wonderful sir, Navidest IT students are very much needed in our country to develop them, especially and conglocate for this wonderful generation to the IT for the supporting infrastructure and improvements and research and deep technology startup ecosystems are individual science

The wonderful Nevertheless, iag's brands are.

Really what's needed in the containerboard developed.

Especially and congratulate Barbara this wonderful journey and it is the donor sample the iab.

Supporting the infrastructure on our instruments in the research and the deep technology startup ecosystem.

It shows Saudi order technology person my company's technology, whatever delta being another.

Speaker 30: Sir, you are the technology person. My company is technology, but you are developing another society for IIT students. Really, I'm touched, sir. Wonderful decision by my company board. Thank you so much and congratulations, sir.

So sadia for AIA historians.

Yeah.

Wonderful.

The decision by my Company Board. Thank you so much and congratulations.

Speaker 30: And despite of adverse of macros, enterprises continue to re-evaluate their cost structure and strengthen their business to resilience. Additionally, we are adopting technology investment to foster agility. Sir.

And the spread of adverse.

Macros and the race calendar to adhere relative cost structure understand then their business too.

This will enter I recently, they are wrapping technology investment are those all sort of agility is up.

Yes.

In order to sell.

Speaker 30: Tell about my company financials, Wonderfuls are strong and consistent performance. Thanks for dividend also. Congratulations for the wonderful team, CEO team, technical momentum warehouse, all people are wonderful.

Hello, Boardwear company finances wonderful setup strong under a consistent performer and cell banks per dividend also congrats for the wonderful team the European particular moment of Weyerhaeuser Olive Repower wonderful stock.

Speaker 30: Sir, we have received very wonderful awards.

You have is there any wonderful awards vanguard for any motor hours and assembly ramps up and also Celsius, Arizona very wonderful.

Speaker 30: for many more awards and achievements, sir. And also, sir, CSR as well, very wonderful, sir. No need to say, sir, is doing with our foundation. And also I have gone through all the separate annual report for our foundation also. Thank you so much, sir. Mr. Chairman, I have a few questions, sir. First question is, sir, what is the future vision of the couple of years, sir?

Wanted to ask.

They are doing with our foundation and also have gone through the other.

The annual report, but they are a foundation also thank you Soma, Sir Mr. Chairman I Hope your call Center.

Pasta goes into what is a piece of it in a couple of ESL and.

Speaker 30: And in last three quarters, Infosys has been high profile exists at delivery level. Since high level exists or at delivery level, could you potentially hurt the project timelines in the short term, sir?

In last three quarter Infosys has been higher profile exits are delivery level since high level thought are dilutive level Purdue potentially heart the project parameters in the start.

Speaker 30: Third question, financial 24 revenue guidance was 4 to 7% year on year, CCA optically looks soft versus SPF. Due to week, does companies see, the company is revising any guidance for the coming quarters?

Particle sensor Pfizer 10 deferred revenue garden soils.

Two 7% year on year, Ccs optically looks soft orders due to weaker best companies see the accompany that.

They're raising any guidance.

Guidance for that.

In coming quarters.

Speaker 30: Another question sir. Any updates on Megal deals which are 500 million US dollars, please comment sir. And also sir, Infosys is the forefront adoption for AA technologies. What is current percentage top of line and what is the growth, expectation financial 24 and 25 sir?

Another question any updates on Mega deals with our $500 million with comments.

Announcer enforces is the forefront Arlington, Nevada Air technologies, what is current Boston this.

Top line and what is that growth expected in finance.

For enterprise.

Speaker 30: Sir, another question is sir, I need a copy of this.

So another question is on.

The margin of your question.

Yeah I hope.

Couple of questions and going through Congress.

Speaker 30: Infotus margins may remain subdued over the next three years financial 24-26.

Our infosys margins may remain subdued over the next three years financial political policies, what are the levers available to get back financial system.

But at two levels and a strong growth in digital revenue, but at the same time.

Then in the core non digital revenue our company plans to maintain growth our digital and non digital revenues and of course since the men and women Saunders causes awarded the outlook demand scenario.

Speaker 30: from North America during Q4 financial 23. How is the outlook after Q1 FI 24?

North America during.

Q4 financial 'twenty three how is the outlook after Q1, FY 'twenty foot and ankle center.

Speaker 30: Final questions are in Q4 financial 23 weakness in retail high-tech financial services and telecom segments due to unexpected ramp down in this deal closer

Q4 financial continually weakness in retail high Tech financial services, and telecom segments due to unexpected ramp down in this deal closed.

So what is what is the outlook. After the Q1 financials going to process. These are my observations and know how holidays about our other divisions and tanker companies as a department Monica down to other employees and teams that are wonderful support was functioning Sir Thanks, Don second Mr. Chairman said I'm happy to see you Hilton.

Speaker 30: So what is the outlook of the Q1 financial 24, sir? These are my observations, sir. And I have already supported all the resolutions. And thank the company secretary department, Manikanta and other employees and teams, they're wonderful support for the most functioning, sir. Thanks one second, Mr. Seman, sir. I'm happy to see you, health and health and fine. And all the board of directors, I wish all the best. And hopefully, coming financial and your leadership, my company will achieve many more higher awards, recruit agents and many more miles, and under the leadership of my one-hand awardee, leader, and then,

He'll then pilot and Oliver I would direct that I wish you all the best and hopefully our government financial under your leadership. The company will assume many of them are ahead of our guidance and many more miles Nelson.

Under the leadership of my one an early leader in leg of Samsung pillar of my company, we support of all of the board of directors. Thank you for that.

Daniel Saturday I also mean.

And the last five years, a very wonderful narrowed hardworking Doug. Thank you so much for giving this opportunity Arista good health.

Our board of directors. Thank you Monica.

Thank you.

Speaker 7: Now request Mr. Manot.

You May now request Mr. Manoj.

Mr. Manoj can you go ahead and ask your question.

Okay.

Good afternoon.

Yes, we can hear you kindly go ahead Sir.

Question, what I would argue on gloves <unk>.

Speaker 6: question whatever I want to ask. First question is, what is the overall future outlook on growth? The number one, how will we get up to tech with upcoming recession in US and European market? And adverse impact of foreign currencies? Second one is, what are our plans to achieve sustainable financial growth?

What is that outlook on board.

Number one our <unk> book.

With upcoming <unk> session in U S and European market and annualized impact of our foreign entities second one is by that our plans to achieve sustainable.

Sustainable financial role.

Speaker 16: And next point is return on earning targets for upcoming 3 to 5 years.

And an expert in the return on our lead target for upcoming three to Ibs.

Speaker 10: That is what I just want to understand. And another one is how that question has already been answered, I think, how we are geared up for the technical disruption. So that with the selling serves, good presentation, I don't answer it well in advance.

Just trying to understand.

Another one is how.

<unk> already been answered I think how we gather on the aggregated disruption.

With us on Linzess.

And I got brands valuing their demands.

Speaker 17: And last question is on going through the balance sheet and period I was just wondering how this 84% what is the reason for increase in travel expenses by 84% and what is the reason for 60% increase in cost of software while by.

Last question is.

Going through the balance sheet and P&L.

I just I was just wondering how this evolves.

If for whatever reason photo and creative drywall accessories by 81% and Melinda Dillon, 60% increase in cost of software and wildlife.

Speaker 16: So that is what I found that these two factors and measure factor which has drawn down our profitability back to.

So the bigger.

Our lives. These two factors are major factor, which is drawn down our profitability by 2%.

Although again related mainly on some operation of Carnival sent back out of our profit our PBT has.

Speaker 7: Although there is a increase in revenue from operation of 20% but however the profit of PBT has dropped by 2%, I see these are the two major causes. 84% of the availability is running expense and 60% of the increase in cost of software via Y1 Y. So I just wanted to have understanding what is the reason for that. Thank you. Thank you, sir. Mr. Sri Kanta, sir kindly go ahead and ask your question.

Microbot thing.

<unk> is 84% and 60% is in cost of software y on y.

I just wanted to have understanding what is the reason for that.

Thank you.

Thank you Seth.

You May now request Mr. Three kantar.

Certainly go ahead and ask your question.

Yes.

Oh.

Chairman.

<unk> board of directors.

Employees of impulses and launched headwind us.

Notwithstanding.

So.

Speaker 17: So I was in for a very pleasant surprise when I met my auditor few days ago while I was filing my ID returns.

I was in part a very pleasant surprise when I met my auditor.

A few days ago.

While advanced filing my I did.

Returns.

Speaker 26: the IT portal has been done so well, so effective by our own company that

The portal has been done so well fully effective by our own company.

Correct.

Speaker 26: We had to give all the details to our auditor, like what are the, our earnings, what are the expenses of everything. But now to my surprise, everything is captured there. Even a small amount of 25 rupees dividend from a company is captured there. So this is fantastic. My congratulations and applause to the team who have done the hard work here. And

So we had to do all the detailed started like what are the our earnings what are the expenses everything but now to MISO place. The only thing is captured that even a small amount of <unk> dividends from our company is captured there. So this is fantastic.

Congratulations and up close to the team who have done the hard work here and.

Speaker 26: In fact, I remember last year there was a lot of heat source and trouble, but everything you were able to overcome. And this is quite wonderful. I think all the auditors would be very happy with that.

In fact, I remember last year, there was a lot of.

He chose banned travel, but everything youre able to water and does is quite wonderful I think all the articles would be very happy with that.

Speaker 26: So coming, I have only two questions coming to my questions.

So coming I have only two questions coming to my questions.

Sure.

Speaker 26: Infos is known for giving the special dividends on reaching each and every milestone. I remember when Infos reached 25 years of operation, they declared a fantastic special dividend likewise for 30 years. Now that you have completed 40 years, I am going to hear something of that.

In both is known for giving the special dividend on briefing each and every milestone I remember when.

Infosys reached 25 years of operation they declared a fantastic.

Special dividend Likewise for 30 years now that you have completed 40 years I may two here.

Something of that so please please do that and coming to the costumes. This question was asked by a few shareholders.

Speaker 26: So please, please do that. And coming to the questions, this question was asked by a few shareholders regarding this by-back.

Regarding this buyback.

Speaker 26: see when imposes announced a buyback of Rupis 1850 per share and when it went to the market for the buyback, 300 or so, why was this done? See, instead of going for a buyback, you could have awarded the shareholders with a special dividend. So these are my two questions. Thank you sir.

<unk> been imported announced a buyback of <unk> 18 per share.

When it went to the market for the buyback inundate. Our so why was this done see instead of going for a buyback.

The shareholders with a special dividend. So these are amazing questions. Thank you Sir.

Thank you.

You May now request Mr. Bullock rush.

Mr. Bertrand Skylake widened musketeers.

Good morning, and good evening.

Please proceed ma'am.

Yes.

Speaker 26: Thank you so much for arranging Madhrupal with me. First of all, I congratulate you on the board, sir, for completing $15 billion.

101.

Thank you so much for R&D montopoli busy.

And then the other boards that fiber by completing the $10 billion company.

Speaker 26: I am very proud sir, and the leadership of Mr Sahil, doing wonderful sir, sir, you successfully completed 5 years sir. I hope you recognize that it is K.N.A.J.M sir, you successfully completed 3 years marriage like a marriage contract. Now you completed 5 years sir, sir, I wish you that you should get written in my

I'm very proud that under the leadership of Mr. Green button.

We successfully completed by year I <unk>.

It's Canadian carrier.

Three atlantica like a marriage contract now you completed by year end.

So that is a good return for my company.

Speaker 16: So, and I'm honestly I'm telling that you should work, you should return it my company and at the relationship Mr. Neveg and right to wonderful performance and taking care of the dividend payouts and everything. I know how paid it is for him to arrange on the...

And are constantly updating that use it correctly, you said, regardless of my company and another ability of Mr. <unk>.

Our comments on this.

That you would have to pay out and everything Idaho outdated.

Got it.

Speaker 26: but is very maturedly and very intelligently handling the financials of the tiny fish and the region. Sir, I thank my chairman, Mr. Lille Kani for giving 350 crores to the IA, this is a wonderful sir. This is the beginning in Indian countries, sir. I hope so many entrepreneurs will come and contribute something to the society, sir. Sir, regarding this dividend pay officer, thank you very much, sir. When XCVO, Mr. Vishal Tickake, he gave two balls of...

Right.

Very materially activity.

Idling the financial activities in the region.

Correct I'm quite chairman instead of an antibody giving.

<unk> does that matter.

This is a beginning and Indian factories that I go how many interconnected.

Andrew.

In terms of the protective.

Uh huh.

Regarding the dividend payout. Thank you very much.

And the exits.

Besides <unk>.

Mr product I'm expecting something from you that I've been getting qualified with them.

Speaker 19: Mr. Parik, I am expecting something from you sir. Sir, when can you expect bonus for a me sir? Please look after the bonus sir. Stop by by me sir, take care of it. At least one bonus sir. Because the successfully you are computed five years, it is this year you require one bonus sir. And one more thing I bring to your notice sir, you are the great leader sir. There is something I have seen in the balance sheet in page number 83. There are sexual harassment 78 sir. Last year it was 25. It is a jump rate to 7 to 8 sir. I do not know what is happening.

Please refer to the Port Arthur.

Bye bye.

It is one one off because.

Because of the access on your computer.

It is this year.

And I'm working at retail and noticed that.

You had a great leader there is something I have seen in our balance sheet and page nominated the electrics Atlanta with 78%.

Last year.

Right.

Jumping into surgery I don't know.

What is happening under her leadership.

Speaker 26: Please look into the issues. So next time you should come to Appara and discrimination also is 111. I am very sorry because you are a very good leader. If anything happens, you will find somebody will point.

Please look at that issue.

FEMSA cutback that discrimination object that added 11.

And we decided that because of the vehicle data and everything is anything Atlantic somebody is buying back user. So my intention might either by Tony the Captain Marvel.

Speaker 28: So my intention, my leader, my Dori, the captain of our team should not be

Index.

Speaker 28: Now I am requesting manual visitor who are attending this age camp only who are attending this age camp please arrange manual

Your best laid out of Azure capital quite impact, we always operate in the stack and.

And I support everything part is that all of the divisions and company yet obviously, a tailwind I think Christy I got myself, a successful adequate myself with that.

Christine I agree with you.

Who are attending this AGM what are you what are they.

Please review Mangalore.

Speaker 28: This is at the talk in 2019 fiscalation. It all the TI will look at.

Good.

In 2019, please collect is going to definitely look at that issue now.

Speaker 28: Now everything COVID-19 is over. So, who are the participants in this age? I'm pleased to arrange a manual at the RISFM to our Manikandar sir. And we hope Mr. Will visit the fiscal list because our Prime Minister is going all over the world sir. But why my companies are not giving an opportunity to arrange the fiscal age?

Thank God you guys then.

Sure.

All of the participants.

That is a mango.

Monica.

And we hope this.

Mr. Jeremy Scott with that because I think this is going all over the world.

Like why you my companies are not getting in all parts of that.

Please go ahead, yes. So next year I hope you have a facility.

Speaker 28: So, let's hear and hope we'll have six Kalyachams here. Get together with great gala, and we'll have to see you meet you personally.

That is great.

And we are happy to see media partners.

Speaker 20: Once again all the best for coming years and my best wishes and dear American attend God bless you. Thank you for giving this opportunity. Thank you sir. Thank you Mr. Bharat.

I'll take that I'll give it for coming here and my best wishes.

American natural gas with no. Thank you for giving this opportunity and it is up.

And came into the book.

I now request Mr. Dilip.

Thank you go ahead and ask your question.

Hum.

No.

Speaker 20: We can hear you sir kindly go ahead and ask

Yes.

Hello.

We can hear you. So kindly go ahead and ask your question.

Speaker 20: Hello Master you St . Lily ???? serra

Yeah.

Yeah.

Okay.

Hello Osten.

Yes, we can.

Now, let's start with <unk>.

Nonetheless.

Yes.

Speaker 18: Solution or of secreary uppro work, ER when never unit efforts circase or smitting quiccare inchargeable boundar K the dal if maybody else, just a assels, of which custo Maria follows zeousness, supppose suchie are aboer need may picity is a low.

Listen our upgrades secretary to shop for what they want in on it.

Cricket or merging glaring gap, indeed judgment call that again that eylea, if nobody else no vessels, which no matter if they are listening.

Strategic multiyear Abu <unk> merger.

Peter is a volatile.

Sure.

Speaker 25: Kekeh, Didy s whether I made some of your gopinc sky Rape Okay, Sir, you enter with to the

It is the best Yardstick is IBM, Google, Microsoft visual shareholder buyback whiskey genitalia render shareholders equally well.

Speaker 25: Open magts little shared in it. sha it already lost me for half open by get TA AR me it has, or that I shared he there those that G what meletric shouldters is have made let air.

When budgeted.

With largest CLO Saratoga already last year auto <unk> home, where it has ever been.

Hey, there.

Great.

But larry children's because happening last year.

Hey, guys.

Speaker 25: Of there are judition up lo earlier. sw kilo over L can pllot a minority seion.

Thank you Sarah.

In our global Alliance with <unk> ligand.

Lincoln Plaza minority sale churn is coming down at Lucky.

Speaker 25: As per your knowledge, then please finish with the meal.

Our disciplined onboard the newmont critical positively.

Thank you.

Thank you Mr Dilip.

Man I would request the next shareholder.

Our beautiful Miami.

Yeah.

Yes, good evening, everyone, I'm, a broken and EQ shareowner from gold Autonomous Si.

Speaker 11: I am a group named Kulkata, respected board members and key manager. I am connected from the city of Kulkata.

<unk> Board members and key management person.

I am Ah connected from the shipyard or dry Kolkata, I, just I'm very facts regarding the financial performance is very strong regarding nowhere. They're just both are great as the cash flow all have been very strong so very happy with the financial performance.

Speaker 11: I just have, I'm very careful regarding the financial performance. It is very strong. The regarding the whether it is growth or it is the cash flow all have been very strong. So very happy with the financial performance. I just want to know what is what our company is doing regarding the adoption and integration with the upcoming process of E-Ruby and how it is adopting with the digital form of currency that RBI has.

Just want to know what is what are our.

Our company is doing regarding dagger planning and integration with the upcoming.

Process of it'll be and how it is adopting digital form of currency that RBI has launched.

Speaker 11: And what is our plan regarding our expansion of cloud business, whether it is whether any expansion plan is there or not?

And what is our plan regarding our expansion of cloud business, whether it is whether any expansion plan is there or not.

Speaker 7: I am very happy with the corporate governance of the company and all with the financial performance. That's all from my side. I am Aguru Pandey, signing off. Amash Katt. Thank you, Mr. Aguru. Now I will request Mr. Sathish.

I'm really happy with the corporate governance of the company.

That's all from my side I'm, a broken this danielle how much back.

Thank you Mr <unk>.

Now I will request, Mr. Satish necessities shop.

Necessity show if we can go ahead and ask your question.

Hello.

Hello, Yes.

Yes, we can hear you great.

Mr Satish.

Mr Satish.

Hello.

Hello.

Okay.

I think we have a difficulty to hear Mr. Satish.

Now may I request, Mr. Sumo November one.

101.

Ken I'm going to go ahead and ask your question.

101.

Speaker 20: Can you hear me now? Yes, I can hear you. Finally, go.

Okay.

Yes, I can hear you currently go ahead ma'am.

Speaker 4: very good evening, Chairman sir, and all the board members, Tezint, I am Suman Agarwal, member of Millennium MAMS, joining from Kolkata and a proud shareholder of our company.

Very good evening, Chairman, Sir and all the board members I am So Linda one member of millennial men.

Joining cellcom sector.

Sure.

Okay.

Speaker 20: So I would like to understand how the companies going to grow in the next five years will it be too inorganic growth, ubertical or the existing verticals? So please say you, thank you. Thank you madam.

And this time, how the company is doing to grow in the next five years.

Will it be two inorganic Luke.

New vertical.

Existing verticals.

So cliche.

Thank you.

Thank you Madam.

Okay.

May I now request Satish.

If you have joined back can you go ahead and ask your question.

Mr. Satish I don't know.

Hello, Yes, sorry, we can't hear you.

Mr Satish Hello.

Hello.

We're able to hear you.

<unk> Nasco question.

Hello.

Yes.

Okay.

Alright, Thank you guys.

Good morning, guys.

Okay.

Yes, Mr Sophistry unable to hear you.

Hello.

Hello.

Hello.

I don't know.

Hi.

Mr Satish.

So strategic for you are there can you go ahead and ask your question.

I think Mr. Satish has some issue from Zhang.

With that welcome come to the end of this question on a question system from all the shareholders.

Speaker 7: to the end of this question and question system from all the shareholders. Now I will hand over back to Mr. Chirna.

Now I will hand over back to Mr. Chipman.

For all the questions.

While we provide the answer to the question shortly.

A requester team to distribute questions received on the web chat.

Speaker 10: the team to display the questions received on the web chat and play video which show his work done by the process.

And play revealed which showcased.

Work done by Infosys during the past year.

Speaker 9: I.

Yeah.

Okay.

Okay.

Okay.

Speaker 31: Tom, my husband, like, founded Street Child 15 years ago. I was working as an international human rights lawyer in courts across Bosnia, Strasbourg, trying to bring justice to people who've suffered terrible things. Street Child works for a world where every child can be safe in school and learning. We believe that if you can read and write and add up and take away, then you really have a chance in the world. We have a mission to serve as many children as possible and in order to do that, we need to be able to reach new audiences. We need support of philanthropists. We need to work with governments. We need partnerships with corporations. Liberty Global is an owner and operator of best-in-class fixed mobile conversion champions. We participate in pretty much every aspect of Street Child's fundraising, operations, project support. What we really wanted to do is help Street Child move forward and really present a digital presence that is more in line with the mission. In the case of this particular program, Infosys became super important technology partner. Infosys work across a variety of areas in technology to help Liberty Global to be a leading connectivity and entertainment provider. There was a common purpose. Between both companies to create a deep social impact. We both felt that we could take advantage of Infosys' focus on technology and help Street Childs to improve their reach in providing children access to education. We can work in over 20 countries across South Asia, Africa, Ukraine, and most recently we're helping in the area, Turkey, Africa. We help with Street Child in building the digital presence, in creating user journeys for the donors as well as to also track how the donations are being used across the variety of projects. I grew up in Mexico and I had the benefit of education very early on in my life and I would love to see every child to get the opportunities that I got. There is a moral obligation last to reach as many childrens we can to enable them to have an education. Tech is going to be a huge part of that.

Tell my husband and I founded Street top 15 years ago I was backing into international in Rustler in Kohl's across both NAND Strasbourg trying team doing justice to people age.

It's terrible things stage had lacks a world where every child can be safe physical in lending. We believe that if you can meet and right now that can takeaway then you really have a chance in the world and we Havent Michelle Qi said as many children as possible and in order to do that we need to be able to reach new audiences. We need supported philanthropists, we need to work with.

Governments, we need partnerships with corporations.

Liberty Global.

Owner and operator of best in class fixed mobile convergence champions, we participate in pretty much every aspect of St. Charles fundraising operations project support what we really wanted to do is schedule III trial move forward and really present, a digital presence.

There is more in line with the mission and in the case of this particular program emphasis became super important technology partner.

Emphasis work across a variety of areas in technology to help.

Liberty global to be a leading connectivity and entertainment provider. There was a common purpose between both companies to create a deep social impact. We both felt that we could take advantage of emphasis and focus on technology and help St Giles to improve the reach and providing children access to education.

<unk>.

Emphasis can't helped by 18 months by redesigning our website and we needed a website that was going to keep up with our rapid growth and we started just met with 100 children in CRM, which was the.

Continued world time, let's just coming out of a horrible mall now working in 20 countries.

Africa, and this isn't new housing.

Okay.

We help with sweet child in building, the digital Britain, and creating user journeys for the bonus as well as to also track how the donations are being used across the variety of projects.

I grew up in Mexico, and I had the benefit of education very early on in my life and I would love to see every child to get the opportunities that I guess.

There is a moral obligation to meet as many children as we can to enable them to have an education tech is going to be a huge part of that.

Speaker 32: Have you ever imagined what it would be if your family did not have proper drinking water or where you lost crops because farmlands dried up due to the absence of water? A scary thought, right? That's what the villagers of Jalawar and Banswara district faced for days and months.

Have you ever imagine what it would be if you frankly did not have proper drinking water or where you lost crops because farmland REIT up due to the absence of water.

A scary thought right.

That's what the villages of July one and once water districts PS four days and months.

Speaker 32: The absence of water in these drought-throne areas made their life a continuous struggle.

The absence of water and these brochu areas made their life a continuous struggle.

Speaker 32: Law met the Gentleman The time spent was vy he the The The Realizing the gravity of the situation

Finally D Ville.

We escaped their la Yaqui.

The city.

Blood clots.

Global Hawk as he's taken the upon an inventor that monitor yadkin novel.

Paul.

Wildcards out there.

So I'm going to tell the total model, but that's okay.

We'll go out and build out and they've got their atlantica.

So little Booger, Bloomberg Barbarella put all their data so they can take out there than there still is activity.

Realizing the gravity of the situation the N M subgroup water and develop and foundation stepped it.

Speaker 32: The NM South Guru Water and Development Foundation stepped in.

Speaker 32: They devised ways for bringing sustainable improvement in the lives of the people through water resource development and other allied activities.

They devised ways for bringing sustainable improvement in the lives of the people to water resource development and other allied activities.

Speaker 32: The plan was to build check dams and adopt lift irrigation schemes.

The plan was to build check dams and adopt lift irrigation schemes.

Speaker 30: The project involved execution of two components. One is check dam across rivers like Sipra and Shambhal, the other big rivers flowing in this area. And they stored water to be taken to the highest point so that it can be distributed and formed. So, lift irrigation was found to be the suitable technology, which we have planned to take over under this.

The project involves executes on our.

Two components, one is check them across that he was legacy brands and well the other big lever flowing in this area.

They are stored water to be taken to the highest point so that can be distributed among farmers. So liberally to go somewhat onto busy suitable technology, which we have planned to take over and under this program.

Speaker 32: But what were them, was how were they going to fund and carry out such a task?

But what what is them was how would they are going to fund and carryout such a task.

Speaker 32: It was then when InfoSus Foundation came forward to their aid.

It was dead when Infosys Foundation came forward today eight.

Speaker 32: With this support, NM Sadguru Foundation gradually transformed the lives of the people living in the distance.

With this support and then subgroup foundation gradually transform the lives of the people living in the district.

Speaker 6: Association with Inferesis Foundation in the Terms of Project started in 2017.

And with the Infosys Foundation in terms of project that started in 2017.

Speaker 6: how our founded trustees, Saharna Jagavath and Sudha Murthy, them, it's a different meeting before that and they were discussing about the what is society development work done by our organization.

No.

Our funded <unk> and <unk>.

So Tom would be.

If you do a meeting and before that and they were discussing about the what is such a development work done by our own medicine C. Got impressed with the water resources development works of desalination, and then started affording us.

Speaker 20: She got impressed with the water resources development works of disorientation and then she started supporting us. The support of FOT-wide InfoSUS foundation was in terms of first is fund support. Second is the project involves...

With the support of hardware Infosys Foundation, while the in town, so, but the answer for a second here.

The project involves.

Getting twond to start work As water came, we can also develop Awesome Hub, articulateable samples, boost their peer, which makes them choose NevilleJivi. Canada can also produce?? buses for him. Dr. Westrup, US Color Nuke Foundation, The artibus organisation has about 15,000 members. The dates that the president started all over Le ?????? ? ? will be the name of adding up to us. The artibus organisation has about 15,000 members.

Training of the people with whom we have we have executed. This project. So the planning was supported way the Infosys Foundation, because on a project required implementation costs.

This has been a worldwide.

Plus as partisan.

The results of this partnership are far reaching and impactful dynamic Nevada My Sam.

Thank you.

Have you put up that does have some bandwidth alogi Fannie velocity, let's say well.

Fannie May go look at it.

in people learning

What's happening like that.

As niccolo.

And it didn't add any mainly.

Nathan.

The support from Infosys Foundation also extended to improving the health nutrition education and housing for the people in the villages.

Speaker 32: The support from Infosys Foundation also extended to improving the health, nutrition, education and housing for the people in the village.

Speaker 16: Actually the support offered by Infosist Foundation was really beneficial for the people who are able to now, I mean, leave their quality life.

The support of roadway impulses, only somewhat early benefits sample the people equally.

We're able to now I mean leave their quality of life in.

In terms of.

Speaker 25: better agriculture, enhanced family income. So, be in more.

Better agriculture in Hunt family income so in one year in one panel CNS Infosys Foundation has supported so in one year in one finance areas.

Speaker 2: In one financial areas, Infosys Foundation has supported, so in one year, in one financial areas, Infosys Foundation has supported around more than 20 projects which has benefited more than 1000 households.

As part of the same has supported around more than 20 projects, which has benefited more than powergen households.

Speaker 17: In that, in say, 10 or 12 villages.

And let's say they are not all villages.

Speaker 32: Today, life for the people in Jalawar and Banswara is much better with reduced migration and improved socio-economic conditions and natural environment.

Good day life for the people in July one and Bun sweater is much better with reduced migration and improved social economic conditions and natural environment water is very very essential even for like Victor and Tim.

Speaker 13: Water is very very essentially used for agriculture. There are some few organizations where they work on water management. One of them was Sudguru water foundation. Sudguru foundation does excellent work in water management preserving the water from the source distribution etc. I really congratulate Sudguru foundation.

Some few medicines that there wasn't a water management one of them was had grow water foundation that Vodafone to send their excellent work in water management preserving the water from the salt distribution et cetera, I really congratulate said Vodafone nation.

they use the simple principles, using the graduate principle, keep the water there, with the graduate it comes down without any electrical or mechanical.

The simple principle within integrated principle keep the water there that's great and it comes down without any.

Electrical or mechanical energy and this principally the hydraulic and they can set the water tank on the top of the HELOC or the higher altitude. So that by gravitational force our hydraulic tailoring. It comes down and it is easy to maintain and just kind of what they will use it further I can sell to the purpose because a good.

Speaker 32: And this principle is hydraulic and they can set the water tank on the top of the hillock or the higher altitude so that by gravitational force or hydraulic theory it comes down and it is easy to maintain and this kind of water they will use it for agricultural purpose because a good water source can really help to produce more agricultural product. As rural India works towards improving the quality of its life

What are the thoughts really helped to produce more agricultural product as gluten India works towards improving the quality of its life Infosys Foundation will continue to lend its unending support to ensure that their hard work leads to positive results.

Speaker 9: Emphasis Foundation will continue to lend its unending support to ensure that their hard work leads to positive results.

Yes.

[music].

Speaker 9: Around the world, every enterprise is moving to the cloud. But how do you accelerate your cloud transformation and harness its power for business resilient? With Infosys cobalt, the possibilities are endless. Hold on, I've got a question. What exactly is cobalt? Hmm, that's a great question. Infosys cobalt is a set of services, solutions, and platforms. It acts as a force multiplier for cloud-powered transformation, helping businesses redesign the enterprise from the core. Okay, so is cobalt a platform or a solution? Well, Infosys cobalt is not one thing or the other. It's a bit of both. And then some. Cobalt is everything you need to speed up your cloud journey, discover new cloud-based business models, and move your business from cloud chaos. To clarity, with innovation, speed of market, and security. Scale up innovation by leveraging our cloud community and a rich catalog of over 35,000 cloud assets. Accelerate your speed to market with over 300 industry-specific blueprint, available off the shelf and easily customizable. Secure your globally dispersed enterprise with Infosys cobalt. Every cloud solution comes baked with regulatory, financial, and security compliant. Hmm, that sounds great in here. How about some real world examples? Glad you asked. For instance, we're helping large FMCG from transforming the way they look at data on the cloud. Infosys brought the special thought to help a consumer goods conglomerate create a global-condiment data hub. We partnered with a global retail chain to reimagine a retail experience with the power of the cloud. Infosys cobalt helped to unlock and monetize all the data that was trapped in legacy systems. Cloud is driving the future of financial services as well. Infosys cobalt has empowered a leading global bank with transformational tools that turned it into a better performing bank. And when a global powerhouse and wind energy wanted to scale globally with a merger. We helped to seamlessly unify their post-merger IT infrastructure. Infosys cobalt took tenacity of the cloud by changing the game with a fringe open with artificial intelligence. Refuge and Cloud First Illusion. Cloud sounds like games set in match. Yes, and seeking a discover new cloud-based business model. Integrate AI, deliver and scale new customer and employee experiences, and a whole lot more. Well, you could go on and on, but we'd rather do the listening. To talk to us, how can we help your enterprise leverage the power of the cloud? Let's team up and navigate from Cloud Chaot to clarity.

Every enterprise is moving to the cloud, but how do you accelerate your cloud transformation and harnesses power for business resilience.

With Infosys cobalt the possibilities are endless.

Oh Man I've got a question right exactly as cobalt.

That's a great question Infosys cobalt is a set of services solutions and platforms could act as a force multiplier for cloud powered transformation.

<unk> businesses redesigning enterprise from the core.

Okay, so as cobalt a platform or a solution well infosys cobalt is not one thing or the other it's a bit of both and then some cobalt is everything you need to speed up your cloud journey discover new cloud based business models and move your business from cloud chaos to clarity with innovation speed to market.

And security.

<unk> innovation by leveraging our cloud community and a rich catalog of over 35000 cloud assets accelerate your speed to market with over 300 industry specific blueprint available off the shelf and easily customizable.

Cereal globally disbursed enterprise with Infosys cobalt.

<unk> cloud solution comes baked with the regulatory financial and security compliance.

Yeah.

That sounds great in theory.

How about some real world examples.

Why do you ask.

For instance, we're helping large MCT firms transform the way they look at data on the cloud Infosys process special thoughts to help a consumer goods conglomerates cretic mobile condiment data hub.

We partnered with a global retail chain to re imagine the retail experience with the power of the cloud.

Infosys cobalt help to unlock and monetize all the data that was trapped in legacy systems cloud is driving the future of financial services as well.

This was cobalt has empowered a leading global bank with transformational tool they turned it into a better performing and when a global powerhouse in wind energy wanted to scale globally with the merger.

We hope to seamlessly unify their post merger it infrastructure.

Infosys cobalt hooked tenants to the cloud by changing the game at the French open with artificial intelligence and cloud first solution.

Wow that sounds like gains that are not yet and you can discover new cloud based business model integrate AI deliver and scale, new customer and employee experiences and a whole lot more.

We could go on and on but rather do the listening.

Sure.

We would hope your enterprise leveraged the power of the cloud, let's Hema and navigate from cloud chaos to clarity.

[music].

Speaker 9: Of co.

I'll begin the answer to the questions.

Speaker 10: In this round, we are answering the questions that were raised in the web chat.

This alone we are answering the questions that were raised in the web chat.

Speaker 10: After one round of WebChat questions, we'll come back with a round of questions from the video and audio questions that we just asked. Start with my questions. Have three questions.

And after one round of web chat questions, we'll come back with a round of questions from the video and audio why shouldn't that are against us.

I will start with my questions I have three questions.

First question is.

Speaker 10: Infosys donated to open AI a few years back when they were non-profit.

Infosys donated to Oakland AI, a few years back when they were a nonprofit.

Speaker 10: Now they have incorporated for how profit surgery Infosys having just taken that

Although incorporated.

Our profit subsidiary.

Forces, having just taken that.

Speaker 10: It appears how much the enforcers have always open AI and supporting enforcers as one of the early investors or donors. This question is from...

How much does infosys.

Always open to and supporting Infosys as one of the early investors our donuts.

This question is from Ganesh Obi.

Speaker 10: series just in process was among the earlier.

So it is just infosys was among the earliest.

Speaker 10: of the non-profit open AI and we had made a donation several years back.

Supporters of the nonprofit opened AI and we have made a donation several years back.

Speaker 10: You have no stake in the profit company.

Yes, no state can be from a profit company.

Speaker 10: But we are delighted by the success that OpenAI has achieved. And we wish them a very good future. With all the outstanding AI works that they're doing.

We are delighted by the success that <unk> has achieved and we wish them a very good future.

All of the outstanding.

Digitally.

It's a good question.

What are the disruptions you foresee for industry in the near future from Sydney once it all collaterals.

Speaker 10: What are the disruptions you foresee for industry in the near future? From cinema to raw killer rooms. Killer rooms.

Speaker 10: It really is a very exciting time. There's a lot of changes happening in the world of technology.

It really is a very exciting time, a lot of changes happening in the world of technology.

Speaker 10: For the last decade, we had first whole migration for digital way of doing things, using smartphones and so on.

Over the last decade.

First of all migration, but digital way of doing things using smartphones and so on.

Speaker 10: And then following that, we had the big wave of cloud. Cloud migration where enforces plays with parts like a robot. And recently, of course, there's a whole interest in AI and generator AI. F use this bal?rical.

And then following that we had the big wave of cloud.

Cloud migration Infosys players with branch light.

Cobalt.

And recently of course, there is a whole interest in AI and <unk> AI.

This is well placed and we'd go pass so all these changes that are happening all at the same time.

Speaker 10: all these changes are happening all at the same time and we expect that in the next few years.

And we expect that in the next few years.

Speaker 10: All our global customers will have to fundamentally a lot of changes in their technology and architecture to leverage this. So we'll have to do things.

All of our global customers will have to fundamentally a lot of changes their technology and architecture leverage this.

And how to route things become more efficient and more cost effective.

Speaker 10: become more efficient, more cost effective. At the same time, they let me leverage all this, create transformation, to create better business, and better consumer experience. It's also at the beginning of...

Same time the level of leverage on this great transformation.

Create better business better consumer experience.

And also at the beginning of many of the Mega trends.

Speaker 10: First is the whole green transition.

Is the whole green transition.

Speaker 10: includes decarbonization, which means that the whole energy system for the world will migrate for the next several decades from hydrocarbon based future to a renewable future.

Which includes the carbonization, which means back to whole energy system for the world will migrate over the next several decades.

From a hydrocarbon based future to a renewable future.

Speaker 10: It means that the way we produce energy will go from having monolithic producers to millions of small producers, which has a huge impact on the grid.

It means that the way reported energy will go from hiring monolithic producers to millions of small producers, which has a huge impact on the grid.

Speaker 10: means that instead of petrol pumps, gas stations will have charging stations. So there's a huge teleorganization or climate change. You're going to affect all our businesses. And of course, thanks.

It means that it is still critical pumps without gas stations without charging stations.

There's a huge decarbonization climate change is going to affect all of our businesses.

Thanks to the geopolitics people are now looking at how to make the supply chain is more resilient.

Speaker 10: people are now looking at how to make their supply chains more resilient and allowing people to have multiple options where they can produce and how it is.

Political have multiple options.

They can produce and how it has shifted now.

Speaker 10: And then of course, thanks also because of the whole our more security issues, the issues of how to deal with cyber security, the issues of how countries are going to become more.

Thanks.

So because of the whole.

For a security issues.

Issues of <unk> cyber security issues.

We show them, how countries are going to become more.

Speaker 10: able to define themselves and so on.

Able to defend themselves and so on.

Speaker 10: And of course, there's a whole telecom in happening through the rollout of the 5G network. So there are many, many disruptions or changes happening in the future. Now I want to assure all of you that we and Infosys are fully seized of this.

And of course, there is a whole telecom being halfway through the rollout of the <unk> network. So there are many many disruptions or changes happening in the future Nowadays shouldnt all of you.

Weird enforces our fully season of this.

Speaker 10: You are keeping a close eye on this and we will make sure that we understand these trends and changes and what they mean for a client.

Keeping a close eye on this and we will make sure that we understand is.

Changes and what they mean for our clients and make sure that we can bring them. The best idea then support so that they can navigate the future successfully.

Speaker 10: Make sure that we can bring them best idea and support so that they can navigate the future success.

Speaker 10: The third question is from the Kakarani who is a member of this millennium man's confirmed chapter. Seems to be very strong look.

First question is from <unk>.

Marco <unk>, who is a member of this millennial moms to go into chapter it seems to be very strong.

Speaker 10: And she says, so the world is divided in operations of AI is concerned.

She says.

The World is divided in operations of AI is concerned.

So we decided we were below.

Yes.

Speaker 10: and deep-fakes will affect our elections and our politics. So there are many short term issues with AI. So of course, there are some people who believe that long term AI could almost have an extreme risk or a humanity.

And deep rigs, which was a breakdown of elections and our politics. So there are many short term issues with AI.

There are some people who believe that long term.

It almost hired exchange exchange rate risk.

You manage it.

Speaker 10: Yet, Infosys, believe that AI has many possible powerful use cases.

Yes, Infosys claim that AI has many possible powerful use cases.

Speaker 10: And therefore, we will use AI using our advanced infrastructure and our AI for thinking. Bring about transformation of our clients. And we will do that using responsible AI and make sure that the AI follows regulatory rules, privacy rules, the accuracy rules that we need. And so we believe that AI can be a force for good to appropriate guardways.

And therefore, we will use AI using our mobile infrastructure.

<unk> will.

Bringing about a transformation of our clients and we will do that using responsible AI.

We make sure that the AI follows.

The regulatory rules privacy rules.

The accuracy rules that we need and.

So we believe that AI can be a force for good.

So the appropriate guardrails.

So my question and answers so I'll now hand over.

Speaker 10: So my question and answers, I now hand over to Salil to take his questions.

<unk> to take your questions.

Thanks Nandan.

Now for the questions that we have received from the fab.

Speaker 2: chat. I have a few that I will go through. The first from Mr. Wipul Kumar Shah will generative AI result in loss of jobs for quarters or will increase productivity and what will be the impact on the profit of the company.

Chad I have a few that I will go through the first from Mr. Sha.

We'll generating AI result in loss of jobs for quarters or will it increase productivity and what would the impact on the profit of the company.

Speaker 2: A generative AI has a huge potential for impact with our clients. We see a lot of different projects that are already coming into the work that we're doing. We are working with both generative AI platforms, large language models, which are open source, and we are working with a generative AI with different companies have put forward.

Generally do a a has a huge potential for impact with our clients.

D C.

A lot of different projects that are already coming into the work that we're doing.

We are working with both generating AI.

Firms like language models, which are open source and we are working with regenerative AI with different companies output forward.

Speaker 2: VC productivity improvements depending on different areas that could range from 10% to 30%.

And we see productivity improvements depending on different areas that could range from 10% to 30%.

Speaker 2: We also see a huge level of new type of work. For example, generative AI and leveraging within companies, large areas of information, which are then sourced through for better usage, that data being used more precisely for their purpose.

We also see a huge level of new type of work for example, generating AI and leveraging.

Within companies large areas of inflammation, which are then sourced through our better usage that data being used more precisely.

Their purposes.

Speaker 2: We see that in vision, we see that in software development in various areas. So our view is most things when new technologies are coming that they have an impact which changes our clients' look at new technologies and that expands the type of work that those new technologies are providing within clients. And there's also the need to of course look at

See that envisioned we see that in software development in various areas. So our view is most times when new technologies are coming and they have an impact which changes our clients look at new technologies and that expands the type of work that those new technologies are providing.

Within clients and there's also the need to of course look at technologies over the past generations, and making sure that that integrated and so overall, we see an exciting future that is unleashed by generating.

Speaker 2: technologies over the past generations and making sure that they are integrated. So overall we see an exciting future that is unleashed by generative AI.

Our next question Mr. Krishnan named Chuck Robotically.

Speaker 2: Next question Mr. Krishna Deva Chakravalty, what will be Infosys view on the future complete remote office or metaverse or similar platform?

What will be enforces view on future complete remote office or meta versus a similar platform.

Yeah.

Speaker 2: Here we have really built a flexible approach to how our employees are working. Over the last several months and quarters we've seen a steady increase in employees that are starting to come back into the office.

We have really built.

Flexible approach to how.

Our employees are working.

Over the last several months and quarters, we've seen a steady increase in employees that are starting to come back into the office. We also see that our office locations in newer areas that we have set up for example in <unk> for example in loving.

Speaker 2: We also see there are office locations in newer areas that we've set up. For example, in Weizag, for example, in Navi Mumbai, where we are seeing more and more employees starting to come into these offices. We believe over time there will be more need for social connect and social capital.

Combined where we are seeing more and more employees starting to come into these offices. We believe over time, there will be more need for social connect and social capital.

Speaker 2: There are several clients who are requesting that the teams be working on campus for their projects and that is happening. And this is going on all around the world and within India for our

Several clients.

Requesting that the teams be working on campus for their projects and that is happening and this is going on all around the world and within India and for our employees.

Speaker 2: The next question from Mr. Munli Tramma, Ragavendra.

The next question from Mr. <unk> drama Lager window.

Speaker 2: Where do we see enforces in the next five years across different sectors and the impact of AI into those sectors?

Where do we see enforces in the next five years across different sectors.

And the impact of AI into those sectors.

Speaker 2: Earlier what I shared with generative AI and TOPAS, TOPAS really has become the platform, the foundation on which all of our AI and generative AI work is being done. We have tremendous level of large templates, use cases and real client examples beyond generative AI on AI as well.

Earlier, I shattered generative AI and Dogpatch October really has become the platform the foundation on which all of our AI and generative AI work is being done we have a tremendous level of large templates use cases.

And real client examples.

<unk> generated way on AI as well.

Speaker 2: Each of these are impacting different industries in different ways. We see, for example, financial services industries are leveraging AI in a fast way to rework what their internal approach to data and information is looking like.

Each of these are impacting different industries in different ways. A leasing for example financial services industries are leveraging AI in a fast way to rework what their internal approach to data and information as well.

Speaker 2: We see a different approach coming in telecom. We see a different approach coming in utilities. And overall, we see the industries are all getting impacted in a way that will leverage more and more of AI, which is supporting data analytics, machine learning, and overall, generative AI into the future. Our next question from...

We see a different approach coming in telecom, we see a different approach coming in utilities and overall, we see the industries are all getting impacted in a way and will leverage more and more AI, which is supporting data analytics machine learning and overall generated EBITDA into the future.

Our next question from Mr. <unk> <unk>.

Speaker 2: What is the long-term strategy for work for home policy for India-based employees?

What is the long term strategy for work from home policy for India based employees.

Speaker 2: Again, building on the previous point are focused.

Again building on the previous point.

Our focus so far has been to make sure that we have a flexible approach for employees and we've seen a tremendous positive reception from the employees all around India. All of this we are.

Speaker 2: So far has been to make sure that we have a flexible approach for our employees. And we've seen a tremendous positive reception from the employees all around India on this.

Speaker 2: We are making sure that the employees have the ability to work from home or work hybrid.

Making sure that the employees have the ability to work from home or work hybrid in some cases, where clients are acquiring it we are in.

Speaker 2: In some cases, where clients are requiring it, we have employees and teams that are working within the campus.

Ploys and teams that are working within the campus on a long term basis, we see a mix of where people will work, where there will be a need.

Speaker 2: On a long term basis, we see a mix of where people will work.

Speaker 2: where there will be a need for increased social capital to connect with people, to work with teams, to do a new jointly, for mentoring, for coaching of individuals. And we see the flexibility that will enable more and more employees to be part of the work system.

For increased social capital to connect with people to work with teams to do a new word lightly.

Mentoring coaching of individuals and we see the flexibility and that will enable more and more employees to be part of the work system. So we are seeing that.

Speaker 2: So we are seeing that as really the way the future is evolving. And we're also keeping a close track of how our employees are relating to it and how our clients are relating to it to build this strategy as we go ahead.

Really the way the future is evolving and we are also keeping a close track of how our employees are relating to it.

Our clients are really integral to build this strategy as we go ahead.

Speaker 2: Next question from Mr. Vasudeva Rao. Question is, why are we not going for big acquisitions? COVID provided a good opportunity to acquire any plans in the future to go for big acquisitions.

Our next question from Mr. Ross will deliver at all.

The question is why are we not going for big acquisitions <unk> provided a good opportunity to acquire any plans in the future to Gulf of Big acquisitions.

Speaker 2: So here, our view is we have a very good balance sheet and a good position overall with respect to how we can look at acquisitions. Our approach has been to look at things which fit in strategically within a digital or cloud or AI framework.

Sure.

View is.

Sure.

A very good balance sheet in a good position overall with respect to how we can look at acquisitions.

Our approach has been to look at things, which fin fit in strategically within our digital cloud AI framework.

Speaker 2: And then look at what will be the way to integrate it. Then we look at the culture of the company. And then we look at what is the method of running it day to day once the company has been acquired. And based on those, and of course the price value, we make the decision.

And then look at what will be the way to integrated then we look at the culture of the company and then we look at what is the matter of running it day to day once the company is being acquired and based on those.

Of course, the price value, we make the decision on the <unk>.

Speaker 2: We are today looking across different sizes of acquisitions and as a potential company falls into the right buckets for those, we will continue to do acquisitions. We've also been mindful, as we've seen over the last two years, where some of the acquisitions that were initially of high value, their value has come down. So we are now looking more carefully at the future of acquisitions.

Today looking across different sizes of acquisitions and as.

A potential company falls into the right buckets for doors, and we will continue to do acquisitions, but we've also been mindful as we've seen over the last two years, where some of the acquisitions that were initially of high value. The value has come down. So we are now looking more carefully at the future of acquisitions.

Our next question from Mr game or hidden Danny.

Speaker 2: Our next question from Mr. K. Mohindin Dhaning.

Speaker 2: What are the growth opportunities in Middle East and South America? And what are the current revenue percentages in these markets?

What are the growth opportunities in middle East and South America, and what are the current revenue percentages in these markets.

Speaker 2: We have a presence in Middle East and South America. Those are low revenue percentages. We've taken a focus in the past few years.

We have a presence in middle East and South America. Those are lower revenue percentages, we've taken our focus in the past few years. There has been much more on North America European and other parts of Asia Pacific and specifically, Australia, New Zealand to develop those mark.

Speaker 2: where it's been much more on North America, European, and other parts of Asia Pacific.

Speaker 2: specifically Australia New Zealand to develop those markets. We've also built strategic joint ventures.

We've also built strategic joint ventures in Japan, and in Singapore to expand our markets. We are now looking at the future where there's a huge set of opportunities in the middle East and we want to scale of that market up as well and we will see more and more focus into the middle east as well.

Speaker 2: in Japan and in Singapore to expand our markets. We are now looking at the future, where there's a huge set of opportunities in the Middle East and we want to scale that market up as well. And we will see more and more focus into the Middle East as we go ahead.

Go ahead.

Speaker 2: Next question is from Mr. Mulraj Ranji Maharu. What will our investments in metaphors start? When will our investments in metaphors start yielding revenue? How large do we expect?

Our next question is from Mr. Molnar as LNG model.

What really investments in meta was started when related investments in meta I'm going to start ending revenue our large do we expect.

Speaker 2: revenue stream in percentage terms. As you may be aware, we have created what we call the metaverse foundry, which is widely accepted within our client base. Today, we are seeing more and more use cases and interests in that. However, it is an early stage today of development and we see over time more and more interests in this.

Revenue stream in percentage terms.

You may be aware, we have created what we call the meta versus foundry, which is widely accepted within our client base.

Today, we are seeing more and more use cases and interest in that either way. It is at an early stage today of development and we see over time more and more interest in this.

Our next question is from Mr. Hamish Babu Saturday Salah.

Speaker 2: Our next question is from Mr. Ramesh Babu Satrisala.

The question is because of the slowdown in the economy for software and export obviously impact.

Speaker 2: question is because of the slowdown in the economy for software and export. I was the impact

Speaker 2: I will impact on profit and fresh hires in the coming waters.

Obviously, the impact on profit and fresh hires in the coming quarter.

Waters.

Speaker 2: So here the overall demand environment, as was discussed earlier, is changed with the global economy slowing down and the GDP rate slowing down.

So you have the overall.

Demand environment as was discussed earlier has changed with the global economy slowing down in the GDP rate slowing down we see now more attention of clients moving from digital and cloud transformation to cost efficiency and automation and we are fortunate that even in the consolidation.

Speaker 2: area, we have a lot of opportunities that are coming in. We just announced you may have seen a few weeks ago, a member-antim of understanding with BP, the original British petroleum, where there's a huge benefit to emphasis from consolidation and a tremendous opportunity in the future. We've also announced jointly with our client just a couple of days ago, a very large transformation and efficiency program.

And here, we have a lot of opportunities that are coming in are we just announced you may have seen a few weeks ago.

A memorandum of understanding with BP the original British petroleum, where there is a huge benefit to infosys from consolidation and a tremendous opportunity in the future. We've also announced jointly with our client just a couple of days ago, a very large transformation.

Speaker 2: We also announced jointly with our client just a couple of days ago, a very large transformation and efficiency program in the Denmark market with Danskay Bank. These are the sorts of opportunities we see coming about. And therefore, we see our focus into those areas will continue to give us benefit.

Efficiency program in the Denmark market with Danske Bank and these are the sorts of opportunities, we see coming about and therefore, we see our focus into those areas, we'll continue to give us benefits.

Speaker 2: Those are the questions I had and now pass it on to Lilland.

Those are the questions I had and I'll pass it onto the luxury.

Speaker 10: Thanks, Sallil. The first question I have is, why are our margins dropping when most of our competition is doing fairly well? Is large deal-reading the margins? What is the strategy to maintain good margins while having good growth? And this is a question from Jaggida Hanumesh Vasudev Rao.

The first question I have is why our margins dropping when most of our competition is doing fairly well.

Large build eating the margins what is the strategy to maintain good module, while having good growth and this is a question from Jaghirdar animation Vasco de route so in FY <unk> as you're aware, we had margin impact from salary increases we had some cost coming back like travel.

Speaker 10: So in F5203, as you're aware, we had margin impacts from salary increases. We had some costs coming back like travel, our utilization's dipped. Also, large deals which was struck in prior years, we had the initial impact of that.

Our utilization slipped.

Also a large deal which was struck in prior years, we had the initial impact of that.

Speaker 27: But as you know that our aspiration continues to be to give robust and strong growth and robust and strong margins. So we are working on the margin side continuing to look at levers like automation, looking at pyramid optimization on site offshore mix.

But as you know that our aspiration continues to be robust and strong growth and robust and strong margin. So we are working on the margin side continuing to look at Libra like automation looking at pyramid optimization onsite offshore mix and from the growth side as you're all aware, we have delivered industry leading growth over the last few years and we continue to us.

Speaker 10: And from the growth side as you all away, we have delivered industry leading growth over the last few years and we continue to aspire towards that.

Higher towards that.

The next question is how many MSP vendors, we engaged during the financial year and what does the transaction value of a business with such Msnb renders is there any delay in payment goes like vendors in FY 'twenty two 'twenty three if so what are the value. This is a question from and nurture.

Speaker 10: The next question is how many MSME vendors were engaged during the financial year and what is the transaction value of business with such MSME vendors? Is there any delay in payment to such vendors in FY2223? If so, what is the value? This is a question from N Natchyapun. As on March 31st, 23, the outstanding value of dues to MSMEs was rupees 97 cross and the value of payment made often due date along with interest there on during the year was rupees 33 crores.

As on March 31st drilling seed the outstanding value of used to MSM units was 97, Cros and the value of payment made often do data along with interested on during the year was <unk> 33 for us.

Speaker 10: The third question is how prepared is the company to hedge the risk cost dollar depreciation. As you all know that we have a very strong natural hedge in many markets which we operate is the revenue and the costs are matched so you have salaries in the low peak currency as well as the revenue. And what level market risk is remaining? We hedge that through a very robust treasury policy which is governed by the audit committee and you've seen the impact of that over the last few years which we have reduced the volatility of the forex line tremendously due to this policy with that.

The third question is how prepared as a company to hedge the risk of dollar depreciation.

As you all know that we have a very strong natural edge in many markets, which we operated with revenue and costs are matched so you'll have salaries in the local currency as well as the revenue and what level of market risk weighted remaining the edge that to a very robust treasury policy, which is governed by the audit committee and you've seen the impact of that over the last few years, we have reduced.

The volatility of the Forex line tremendously due to this policy.

I pass on to <unk>.

Thank you Neil.

Speaker 7: I had a few questions from the web chat.

Had a few questions from the web chat.

Speaker 20: There were two shareholders who were asking of how to view the statutory registers. The questions from or from Supriya and Pankaj Bhutta.

There are two shareholders who are asking.

Of how to view the statutory reduced dose the questions from from the supplier.

Tom.

Speaker 7: shareholders may note that all the information of the company is actually available on the website of the company. So therefore, I request all the shareholders to look into the website of the company and also the stock exchange website for information dissemination and they are registers which are also filed with the Ministry of Corporate Office. So...

Shareholders may not get all the information of the company is actually available on the website of the company. Therefore, I request the shareholders to look into the website of the <unk>.

Company and also the stock exchange website.

Bob.

Information dissemination.

We just don't switch are also filed with the Ministry of corporate office. So.

Speaker 7: shareholders can actually take the information from those publicly available information. In spite of that, if there are any specific questions or information which is required, you can refer or you can send an query to universitersatinfosys.com and we will answer that suitably. There was a next question from Sujata Kiran.

Shareholders can actually take the information from those public publicly available information.

In spite of that if there are any specific question of information, which is required you can you.

You can refer or you can send them query to U S dose at Infosys Dot com and we will answer that.

Our next question from <unk>.

Speaker 7: The question is what is assurance from the company side against any allegation which may bring down the share price of the company such as insider trading and all that?

The question is what is assurance from the company side against any allegation, which may bring down the share price of the company such as insider trading and all that.

Speaker 20: The answer is our robust policy framework always ensure compliance with applicable rules and regulations. We have also updated our compliance frameworks in response to the requirements of regulator and remain proactively engaged with them.

The answer is our.

Robust policy framework always ensure compliance with applicable rules and regulations. We have also updated our compliance frameworks in response to the requirements of regulator and remain proactively engaging with them.

Speaker 20: Our robust visual-blower policy and program also ensures that any allegation is investigated in an objective manner. This framework serves to the interest of all-

Our robust whistleblower policy and program also ensures that any allegation is investigated in an objective manner.

This framework serves to the interest of all the stakeholders.

Speaker 7: Those were the questions which was directed at me with that I'll hand out to Mr. Chairman.

Those are all the questions, which wasn't directed at me with that.

I'll hand over to Mr. Chairman.

Hi.

Speaker 10: Thank you, money. And now we'll come to the second round of questions.

Thank you money and now will come to the second round of questions.

Speaker 10: are the questions that were asked in the video conference and we will answer them the same order.

These are the question that Austin that video conference and we will answer them in the same order.

I had two questions.

First question is.

Speaker 10: A ratio of female director is only 12% against 40% at employee level. Let me infuse this please. This is Shae-Holness, I'm talking.

Our ratio of female directors is only 12%.

Against 40% net employee level.

And physically shareholders Santos.

Of course.

Speaker 10: he June we have the resolution, Elene's appointment placed to pour shares out of the approvers.

We ended the dilution.

ALLETE appointment place negotiators where brewers.

Speaker 10: that approval if it is obtained the ratio of female irritants will go to 25.

After the approval is obtained today show a female elected will go to 25%.

Second question, what is your view on AI, replacing humans in the workforce.

Speaker 10: question, what is your view on AI replacing humans in the workforce?

Speaker 10: We believe that AI has the potential to make a big improvement in the productivity of people. And we have found that the more qualified, the more experienced the person is, they can derive more benefit from AI, like automatic code generation and all that. So definitely product.

We believe that.

Has the potential.

Make a big improvement in the productivity of people and we have found that the more qualified Nevada experienced of course it is.

Did I have more benefit from AI like automatic cogeneration and all of that.

So definitely productivity will go up.

Speaker 10: we believe that we will be used to amplify the productivity of existing people. Therefore, we feel that we will be able to benefit from this like much more than the same time. I agree we have become more efficient and share the efficiency with the clients.

We believe that should be used to amplify the productivity of existing people.

Therefore, we feel that we'll be able to benefit from this.

Like how much more than.

At the same time agree we have to become more efficient and share their efficiencies with our clients.

So we will.

Speaker 10: This and in focus is on the path to applying AI in a very rapid way. The AI for strategy if we are rolling out across the company at the moment. Thank you. Now I'll.

This and the emphasis is on the path to applying AI to radiate outward way.

On the AI strategy.

Across the company at the moment.

Now I'll hand over to sell it.

Tags on them.

Speaker 2: Thanks, then. I will have a few questions from the questions asked in the video and by some audio. First question from Mr. Sadanan Shastri from me.

A few questions from the questions asked in the video and buy some audio.

First question from Mr. Sutherland Shastri Amit.

Speaker 2: What is the revenue by geography India India has the least place how do we uplift?

What is the revenue by geography, India, India has the least please how do we uplifted.

Speaker 2: So here we are doing some extremely strategic work to make India fully digital as is being driven across the entire government.

We are doing some extremely strategic work to make India fully digitally as is being driven across the entire government. We are working on the GSD program on the income tax program and we will continue to work on such strategic.

Speaker 2: We are working on the GST program, on the Income Tax Program, and we will continue to work on such strategic programs as they become, as the government is doing more of them, and we have really, very strong expertise in those areas. So this will continue to increase. We are also looking at the private sector, where more and more of this digital work is starting to happen across the country.

Our programs as they become.

As the government is doing more of them.

Really very strong expertise in those areas. So this will continue to increase we are also looking at the private sector and more and more of these digital work is starting to happen across the country.

Speaker 2: Next question also from Salaman, Sastri.

Next question also from Savannah, South Street.

<unk>.

Speaker 6: The question was about many senior employees are leaving the company. How will the company take care of the image?

The question was about many.

And our senior employees are leaving.

Our company how will the company take care of the image.

Speaker 2: Here we are extremely solid in terms of the strong bench of leaders that enforces has.

Yes.

Extremely.

Solid in terms of the strong bench of leaders that Infosys ads.

Speaker 2: We feel that that group of leaders that emphasis has produced over the years through its own leadership development and through the work that they do with clients in delivery in March.

We feel that that group of leaders that Infosys has produced over the years through its own leadership development and through the work that they do with clients.

In delivery in markets and really prepare them to do more and more work and we have made sure that those leaders are step up and take that on a we feel good about the fact that we have.

Speaker 2: really prepares them to do more and more work. And we have made sure that those leaders step up and take that on.

Speaker 2: We feel good about the fact that we have such a deep leadership bench and we will continue to work on that as we go ahead.

Have such a deep leadership bench and we will continue to work on that as we go ahead.

Speaker 2: Next question from Abhirup. What are the companies plans on expanding the cloud business?

Our next question from.

Zero.

The company's plans on expanding the cloud business.

Speaker 2: Now, cloud is really absolutely core to what we are driving. We discussed earlier the cobalt platform, the capability set.

Our cloud is really absolutely core to what we are driving.

We discussed earlier, the cobalt platform the capability set whether it's on enterprise or some of it is software as a service platform as a service and Andy have the leading market capability.

Speaker 2: whether it's on in-friars or software as a service, platform as a service, we really have the leading market capability in cloud.

Cloud and we see good traction for cloud activity overall with clients and we see that there is the cloud becomes the underpinning for transformation as companies are looking to move into the digital age into the AI edge that becomes the base foundation that will be needed.

Speaker 2: We see good traction for cloud activity overall with clients. And we see that there is a cloud becomes the underpinning for transformation as companies are looking to move into the digital age, into the AIH. That becomes the base foundation that will be needed. And with our strong partnerships with several of the large cloud companies, we believe we are well positioned to play in that. And this will continue to grow.

And with our strong partnerships with several of the large cloud companies and we believe we are well positioned to play in that and this will continue to grow.

Speaker 2: Next question from Suman Agarwal.

Our next question from Shaman Agarwalla.

Speaker 2: Question is how is the company going to grow in the next five years organic versus inorganic?

Question is how is the company going to grow in the next five years organic versus inorganic.

Speaker 2: Now here, over the past several years, we made about eight or so acquisitions.

Yes.

Over the past several years remain.

About eight or so acquisitions those acquisitions are well integrated.

Speaker 2: Those acquisitions are well integrated. We feel that approach will continue into the future. We will look for acquisitions which fit the strategic direction.

That approach will continue into the future, we will look for acquisitions, which shrink the strategic direction and cultural fit and the value the ability to integrate a based on that we will continue the acquisition approach and the organic approach will continue.

Speaker 2: cultural fit and the value, the ability to integrate. Based on that, we will continue the acquisition approach and the organic approach will continue. We will continue to work with our clients to expand as they look for the cost and efficiency and automation programs in this environment and also look to expand on transformation programs as they continue to make changes in the business. So both dimensions will carry on into the next few years. The next question.

We will continue to work with our clients to expand as they look for the cost and efficiency and automation programs. In this environment and also look to expand on transformation programs as they continue to make changes in the business. So both dimensions will carry on into the next few years.

Our next question from Chi Lynch.

Speaker 2: which are the verticals in the business which have been least affected and also significantly affected by the current macro economic conditions.

Other verticals in the business, which had been least affected and also significantly affected by the current macroeconomic conditions.

Speaker 2: So here, what we have shared in the past, we have seen industries such as financial services in mortgage and asset management and investment banking, the telecom sector, high tech.

So yeah, what we had shared.

The boss, we have seen industries, such as financial services, and mortgage and asset management and investment banking the telecom sector Eyetech.

Speaker 32: some areas of retail. Those are the ones that are most impacted within this environment that we've seen, what we reported in the end of Q4 and before that. We will see as we go ahead how these evolve into the future quarters. Our next question from Celesteam.

Some areas of <unk>.

Those are the ones that are most impacted are within this environment that we have seen what we reported in the end of Q4 and before that.

We will see as we go and how these evolve into the future quarters.

Our next question from Seth <unk>.

How is the company managing employee attrition.

Speaker 2: What we've seen over the last four quarters, Q4 and before, a tradition has steadily been coming down each quarter on a quarterly basis.

And what we've seen over the last four quarters Q4, and before attrition has steadily been coming down each quarter on a quarterly basis.

Speaker 2: We see a lot of the initiatives that we've put in place and also the overall economic environment. Both of them

We see a lot of the initiatives that we've put in place and also the overall economic environment both of them.

Speaker 2: relating to the attrition coming down. Our employee engagements cause are continuing to go up and we believe that with that we will have a good control on attrition in the coming quarters and we will make sure and that becomes translated as we look at the recruitment cycle and bringing you get more employees from outside.

Relating to the attrition coming down our employee engagement scores are continuing to go up and we believe that with that we will have a good control on nutrition in the coming quarters, and we will make sure that that becomes translated as we look at the recruitment.

Michael and bringing it more employees from outside.

Speaker 10: Our next question from Santosh, can you please provide detail on how many new clients were added in the last financial year? So here in the specific point in the last financial year, we have added 458 new clients.

Our next question from Santos.

Can you please provide detail on how many new clients were added in the last financial year.

And a specific point in the last financial year, we have added 458 new clients.

Next question from Barbara.

Speaker 2: Apart from the cloud capability and digital as the company have other pillars on which it sees future growth.

Apart from the cloud capability and digit tumors the company adopt the loans on which had ceased future growth. So very clearly the digital approach, which comprises cloud digital then also data and analytics cyber security Iot Internet of things those are really good growth.

Speaker 2: So very clearly the digital approach which comprises cloud, digital, then also data and analytics.

Speaker 2: cyber security, IoT, Internet of Things, those are really good growth drivers. We are now seeing much more focus on generative AI than we have discussed quite a bit in all the questions and answers and overall becoming more AI-driven AI first and clients are looking at that.

Guidance, we are now seeing much more focus on generating the AI that we've discussed quite a bit and all of the questions that arbitrage and overall, becoming more AI driven AI first and clients are looking at that and then in this environment, which is a different macro environment, there is more and more attention to cost efficiency.

Speaker 2: And then in this environment, which is a different macro environment, there's more and more attention to cost efficiency, automation, consolidation.

The automation consolidation. So we are fortunate that we have both types of growth drivers where people are looking at transformation. They can look at digital and cloud AI and when Theyre looking at efficiency. They can look at cost automation consolidation and there are both engines are available with infosys.

Speaker 2: So we are fortunate that we have both types of growth drivers, where people are looking at transformation, they can look at digital cloud AI, and when they're looking at efficiency, they can look at cost, automation, consolidation, and there are both engines available with info.

Our next question also from Barbara considering <unk> segment has small Shan usg's, new banks or do you expect in back impact on Infosys.

Speaker 2: Next question also from Barra. Considering the FSI segment has small, shared, US-regional banks, what do you expect impact on courses?

Speaker 2: So we have a diverse portfolio and financial services, large global banks, regional banks, mid sector banks, in cars, in payments, investment banks, as a matter of fact, really very broad and diversified client base in the FS business.

So we have a diverse portfolio and financial services on large global banks regional banks mid sector banks in cards and payments investment banks asset managers really a very broad and diversified client base in the U S.

Business now within U S less than 2% of our revenue has this exposure into the regional banking and they are.

Speaker 2: Now within US, less than 2% of our revenue has this exposure into the regional banking. And there we are.

We are therefore comfortable that that exposure is not going to because it's less than 2% are going to impact us in an overall scale of the business.

Speaker 2: Therefore, comfortable that that exposure is not going to, because it's less than 2% not going to impact us in an overall scale of the business.

Speaker 2: Next question also from Darra, what steps are companies taken for well-being of employees?

Our next question also from BARDA, what steps us company taken for well being of employees.

Speaker 2: So here, emphasis over the years has been extremely focused on well-being of employees. We have internally programs, for example, on health assessment and lifestyle enrichment. We have wellness programs for physical wellbeing and social wellbeing. And we also have wellbeing rates.

So yes, infosys over the years has been extremely focused on well being of employees.

There are many programs for example on health assessment and lifestyle enrichment, we have wellness programs for physical well being and social wellbeing and we also have.

Being rates across locations, we jacket and support employees and driving that and we are seeing a good traction overall.

Speaker 11: where across locations we track it and support employees in driving that, and we are seeing a good traction overall on employee welding within the company today.

Employee will be within the company.

Our next question from Deepak.

Strong growth in digital with decline in call how does that how does management, our plan or our growth both in digital or.

Speaker 2: strong growth in digital with decline in core. How does management have a plan to have growth both in digital?

Speaker 2: What we saw last, financially, in some quarters, we actually saw good growth in core and digital. And now in this environment, as we see more and more focus on cost efficiency, automation consolidation, we'll see more and more attention to core services. But keeping in mind the overall macro condition, we will balance and make sure our focus on digital transformation and on core services remains strong.

What we saw last financial year, and some quarters, we actually saw good growth in core and digital and now in this environment as we see more and more focus on cost efficiency automation consolidation, we can see more and more attention to cost services, but keeping in mind the overall macro.

Condition, we will balance and make sure our focus on digital transformation and on call services remained strong.

Our next question from Shannon meta.

Speaker 2: Next question from Shaneyk Mehta. Please provide company strategy in both organic and inorganic.

<unk> provide company's strategy in both organic and inorganic.

Speaker 2: So here, similar to the point we discussed earlier, we have an approach to both organic and inorganic. In acquisitions, we have a focus on what will fit strategically and culturally in terms of value and integration. And on organic growth, we have a lot of focus on the areas we've discussed on cloud, on digital, on AI first, and on cost and efficiency in this environment.

Similar to the point that we discussed earlier.

And our approach to both organic and inorganic.

Acquisitions, we have a focus on what really fits strategically and culturally and in terms of value and integration and on.

Organic growth, we have a lot of focus on the areas. We've discussed some cloud or digital on AI first and on cost and efficiency in this environment.

Speaker 2: Next question from Sri Rama Vinodha. How is the company investing in employees for reskilling and upskilling?

Our next question from <unk> Rama with Nova.

Or how is the company investing in employees for Reskilling and Upskilling.

So there.

Speaker 2: We've always had over the last several years a strong focus on skilling. We have a Mysore campus where we have in-person training for all of our new employees. Over the last few years, we put in place the lect-

We've always had over the last several years a strong focus on scaling we have.

Our Mysore campus, where we are.

In person training for all of our new employees over the last few years, we've put in place the Lex capability, which allows our online training through mobile for all our employees and the measure of re skilling by each of our different departments to make sure that employees have the opportunity.

Speaker 2: capability which allows online training through mobile for all employees and the measure re-skilling by each of our different departments to make sure that employees have the opportunity of re-skilling and then the projects that become available to employees to drive through that

Re skilling and then the projects that come that become available to employees to drive through that re skilling avia tracking internally something call. It digital caution and allows us to measure what is the change in the type of skins every employee has and that allows them to then become more.

Speaker 3: We are tracking internally something called a digital quotient that allows us to measure what is the change in the type of skills every employee has and that allows them to then become more and more relevant for the new types of work are clients.

And more relevant for the new types of work a client centric.

Our next question from Alex what is the plan of the company and internally using AI.

Speaker 2: Next question from Alex. What is the plan of the company in internally using AI for increasing productivity and quality?

For increasing productivity and quality.

Speaker 2: So there, what we discussed in generative AI is applicable both with our clients, but also within the company where we are leveraging large language models both on the open source and dedicated generative AI platforms to improve our productivity and software development. We've already seen places where that improvement is visible within our teams. We're also taking our own software development

So there are what we discussed some generative AI is applicable both with our clients, but also within the company, where we are leveraging our large language models. Both on the open source and a dedicated general AI platforms to improve our productivity and software development.

Already seen places where that improvement is discipline within our teams and also taking our own software development.

Speaker 2: modules and approaches, especially in our product business and putting them through the large language model to enhance productivity and we will start to see the impact of this as we go through the next few quarters and years to make the benefit available internally.

Modules and approaches, especially in our product business and putting them through the lost language model to enhance productivity and even start to see the impact of this as we go through the next few quarters.

To make the benefit available internally to our productivity.

Are those other questions I had with that I'll pass it onto the London.

Speaker 2: Those are the questions I had with them. I'll pass it on to the engine.

Speaker 10: Thank you, Salil. The first question I have, we have requested multiple times to the company to do buybacks using tender offer mode. Sebi has come up with new regulations that the buybacks need to be done through tender offer. Please confirm if further buybacks will be like that. And the shareholder name is Shamit Metta.

Thank you Hello.

First question I have we haven't requested multiple times as a company to do buybacks using tender offer more savvy is come up with new regulations that the buybacks needs to be done to tender offer. Please confirm it further buybacks will be like that and the shareholder name is stomach meta. So as you. All know we have a five year capital allocation policy, which we've laid out.

Speaker 10: So as you all know, we have a five year capital allocation policy, which we've laid out for these financial year 2024 period. And within that, there are three components. There's a dividend component, a special dividend, and a buyback component.

The financial year, 2024 period and within that there are three components the dividend component special dividend and a buyback component and these allow predictability and consistency of returns and as we've said we've already returned 86% back and the board looks at multiple.

Speaker 10: And these allow predictability and consistency of returns. And we have said we've already returned 86% back. And the board looks at multiple elements, looking at EPS accretion, looking at share price, yield on a cash return, and then determines the most appropriate way to return this capital back. As regards the latest, SEBI mandates on buybacks. We will continue to see that and how they will be implemented over the next year or two years.

Elements looking at EPS accretion looking at share price yield on a cash return and then determine the most appropriate way to return this capital back as regards the latest SEBI Mandy.

Mandates on buybacks, we will continue to see that and how they will be implemented over the next year or two years.

Speaker 10: The next question is from Sadan and Shasri on page 301, other expenses, 133 crore increase in ECN, how do we reduce it? So as you know, the company makes provisions for expected credit losses based on historical performance on the macroeconomic conditions in terms of the geographies we operate in and the sectors we operate in and therefore makes the provisions appropriately. This is as per the relevant accounting standards.

The next question is.

From sedan on chart three on Phase III, one other expenses of 133 crore increase in ECL, how do we reduce it so as you run the company makes provisions by expected credit losses based on historical performance RMB macroeconomic condition in terms of the geographies, we operate in and the sectors, we operate in and.

Therefore makes the provisions appropriately this is as per the relevant accounting standards.

Does the company have plans are doing CSR activities in the eastern part of the country. This is from shareholder Manoj Kumar. So as you know our CSR policy and campuses walk around women empowerment around health education and of course sustainability targeting the underprivileged. We also look at criteria around scaling up.

Speaker 10: Does the company have plans of doing CSR activities in the eastern part of the country? This is from shareholders Manoj Kumar.

Speaker 10: So as you know, our CSR policy encompasses work around women empowerment, around health, education and of course sustainability targeting the underprivileged. We also look at criteria around scaling up of these projects and making sure that they have an impact and follow our overall themes. We have also started doing many projects in the East of the country and if they meet this criteria we will continue to expand there.

Of these projects and making sure that they have an impact and follow up overall teams we.

We have also started doing many projects in the east of the country and if they meet these criteria, which continue to expand there.

Speaker 10: The next question is regarding work from office to day from office to day from home. What is the policy of the company in the sugar?

The next question is regarding work from office to data from our phase two days from home what is the policy of the company in this regard.

Speaker 10: I think we have a very flexible policy in a hybrid policy in terms of working from office and working from home to give people the flexibility we encourage of course people to come to work a few days and we believe that increases our social capital and I think a Big part portion of this of course depends upon our client requirements and their clients are in cysts Then employees come into work. So this helps us maintaining a fair balance of giving client connectivity and a yet-time working teams working together

I think we have a very flexible policy in a hybrid policy in terms of working from office and working from home to give people.

Flexibility, we encourage people to come to work a few days and we believe that accretive vessel fleet capital and I think a big portion of this of course depends upon our client requirements and their clients insist that employees coming to work. So this helps us maintaining a fair balance of giving client connectivity and Tim welcome.

<unk> working together.

Speaker 10: Info-Cris margins may remain subdued in the next two three years. What are the levers available to improve this red-up path?

Infosys margins may remain subdued in the next two to three years, what are the levers available to improve this setup.

Speaker 10: So as you know, we've given our guidance for financial year 24, and of course we don't give our guidance beyond that. But I like I explained earlier in one question. We have multiple levers for us to aspire to get higher margins and robust margins. We've talked about the pyramid, we've talked about onsite offshore mix, automation remains a big element pricing, and these are the levers like subcon, et cetera, for help us to continue to look at improving margins.

So as you know, we've given that guidance for financial year, 'twenty, four, but we don't give a guidance beyond that but like I explained earlier and one question, we have multiple levers for us to aspire to get higher margins and robust margins.

Talked about the pyramid, we've talked about onsite offshore mix automation remains a big element pricing and these are the levers like sub con et cetera will help us to continue to look at improving margins.

Speaker 10: Next question is whether the company is listed on any global ESG forum or platform and this is from shareholder

Next question is whether the company is listed on any global ESG Forum or platform.

From a shareholder <unk>.

Speaker 27: Yes, as you're already mentioned, we have of course got recognized in, you know, rankings in India as well, but we also recognize globally. We are part of the Dow Jones Sustainable Index. We have got a double A rating from MSCI, ESG ratings, global rating. We are on the A list of CDP in 2022. We are on the eco-wattest ratings as well. So we are recognized as a leader in both our sector and even across sectors in many of these ratings globally.

Have you had already mentioned we have of course got recognizing.

Rankings in India as well, but we also recognized globally. We are part of the Dow Jones Sustainable Index, we have got a double AA rating from MSCI.

Our ESG ratings are the operating beyond the list of CDP in 2022.

We are on the eco widest ratings as well. So we are recognized as a leader in both our sector and even across sector and many of these ratings globally.

Speaker 10: Cyber security and data privacy are big concerns these days. What steps are we taking in this direction? And this is a question from Shalesh.

Cyber security and data privacy, a big concern of these deaths what steps are we taking in this direction and this is a question from <unk>. So on cyber security at Infosys. Its merits, a multilayered controlled with defense in depth approach starting from cyber security strategy policies processes, we have got multiple certifications from.

Speaker 10: So on cyber security, I'd in process, it's managed to multi-layered controls with defense and depth approach.

Speaker 20: starting from cyber security strategy policies, processes.

Speaker 20: We got multiple certifications from ISOD 27001.

ISO 27001, and also we've been attested by SSA.

Speaker 20: And also we've been attested by SSA, which is an independent audit firm.

As an independent audit firm on data privacy also emphasis has seen significant growth of the GPO from 2010.

Speaker 20: on data privacy also in the same significant growth of the DPO from 2010 and these establish an independent data privacy office.

Established an independent data privacy officer and consistently.

Speaker 20: And we're consistently working with our clients with group, both our security and zero trust profile and also on data privacy as well.

Working with our clients to improve security and zero Trust profile and also on data privacy as well.

Speaker 20: Next question is, can the company provide the initiated test taken on sustainability and climate change? As you can see from our ESG book, which is on our website, we have an encompassing goal across all the three pillars.

Next question is can the company provide the initiatives <unk> taken on sustainability and climate change as you can see from our ESG book, which is on our website, we have encompassing all across all the three pillars of SMG on environment, We're looking holistically at climate change at waste and for water and we have.

Speaker 20: of ES and G on environment. We are looking holistically at climate change, at waste and for water and we have aggressive goals or all of them on the sustainability side. You know up Springboard program, which is giving free education across both India and across the world.

Are all of them on the sustainability side, Youll know ops springboard program, which is giving free education across both India and across the world.

Speaker 20: We have digital scaling as another initiative which we are taking up.

We have digital scaling as another initiative, we are taking up.

Speaker 20: women in workforce 39.4% one of the highest in the sector across the world across many of our peers as well

Women in workforce 39, 4% one of the highest in the sector across the world across many of our peers as well.

Speaker 20: on the G side, we're working on improving governance, we've got the atmosphere of all for the most.

The <unk> side, we are working on improving governance, we've got the access here what are the most ethical company two years in a row, we're continuing to work on our supply chain ESG and auditing many of our supply chain partners to make sure that they ESG elements.

Speaker 20: Ethical company 3 years in a row, we're continuing to work on a supply chain ESG and auditing many of our supply chain partners to make sure that their ESG elements are also built into what we are consuming and These are the initiators we have taken and we are laying out our goals every year and reporting against that in the ESG data book

<unk> ability to what we are consuming.

And these are the initiatives, we have taken and we are laying out our goals every year and reporting against that in ESG data.

Speaker 20: Next question is how we geared up to handle recession in the US and Western countries and this is from a note. Yes, as you've heard both from Salil, there has been across the macro environments lowdown and this is reflected in our growth guidance for FI-24. We have a very healthy pipeline of our pivot towards cost to cut for our clients in this environment.

Our next question is how are we geared up to handle recession in the U S and western countries and this is from a launch.

Yes.

For transfer.

Across the macro environment slowdown and this is reflected in our growth guidance for FY 'twenty four.

We have a very healthy pipeline.

Pivot towards cost take out for our clients.

<unk> become very critical and therefore some of the deals you have been seeing winning based on these this helps our clients to reduce cost through automation through improved offshoring Digitization and therefore makes US service company, a very important part of their overall business environment and our.

Speaker 20: becomes very critical and therefore some of the deals you have been seeing winning are based on these

Speaker 20: This helps our clients to reduce cost to automation, to improve dog-shoring digitization, and therefore makes us as IT service company a very important part of their overall business environment.

Speaker 20: end to end offering, including digital transformation, help our clients to take out cost as well as, at them in their longer-term transformation exercise.

And to end offerings, including digital transformation.

Lyons to take out cost as well as at them in the longer term transformation exercise.

Speaker 20: Next question is, what is the reason point for travel expenses and software expenses? Travel of course came back last year as the COVID controls really have eased during the last year and therefore if you can see pre COVID as well, our travels are now going up at that level. Software expenses are going up and because they are integrated to our overall delivery, whether it is cloud, whether overall infrastructure, these are becoming integral to the delivery model which we have.

Our next question is what are the reasons why increase in travel expenses and software expenses.

Travel of course came back last year as the Covid controls really is during the last year and therefore, if you can see pre COVID-19 as well I've traveled now going up that level software expenses are going up.

Our integrated to our overall delivery whether it is cloud.

Overall infrastructure these are becoming integral to the delivery model, which we have.

Speaker 20: In first this is no non giving special dividends, what can we expect when can we expect special dividend on fleeting for years this was from a shareholder shrietan.

Infosys is no one on giving special dividends what can we expect when can we expect a special dividend completing 40 of this was from a shareholder Dr. Shrikant.

Speaker 20: Like I just mentioned, we have the capital allocation policy which talks about special dividends, buybacks and regular dividends.

Like I just mentioned.

Capital allocation policy, which talks about special dividends buybacks and regular dividends and of course of the last four years in line with our policy. We returned 86% at back the board continuously looks at different elements into the decision of giving buybacks and of course at this stage. We don't have any special announcement on special dividend.

Speaker 20: And of course, of the last four years in line with our policy, we have returned 86% back. The board continuously looks at different elements into the decision of giving buybacks.

Speaker 20: And of course at this stage we don't have any special announcement on special divided.

Speaker 20: The last question is when can we expect a bonus from the company at the stage we have no such announcement to make?

The last question is when can we expect a window from the company at this stage, we have no such announcement to make.

Thank you Alonso.

There are a few questions.

Speaker 10: came from a video on audio questions. The first question is from Mr. Swamit. The question is, every time I cast my OAT, I find my mobile and my data is not registered with NSDL. KFINTEC is not picking up the data fully from NSDL. What can you do to help?

Which came from a video and audio questions.

The first question is from Mr. <unk> from it.

The question is every time I guess, my what I find my mobile and mobile data has not reached FID with Venezuela, giving tech is not picking up the data fully from an SDN what can you do to him.

Speaker 7: The shareholders may note that the RTS system is fully automated and it actually reflects the details which is uploaded on the depositories. There is no manual intervention there. So therefore the information which is available at the depositories is the one which has been process it by an RTA. In case if you cannot retrieve your details, the way you have done it, you can request for resetting the login ID and password, you will receive the data.

The shareholders May northward the Rts system is fully automated.

Actually rich.

Flex the details which is uploaded on the deposit risk there is no manual intervention. This.

So therefore, the information which is available at the deposit base is the one which has been processed by another tier.

In case, if you cannot retrieve you detect the way you have done it you can request for resetting the login and password you will receive this year.

The next question.

Speaker 7: The next question was from Mr. Bharatraj, request to arrange for the Mangalur DCVC, and there was also suggestion for holding the physical age.

Whilst from Mr. Ballesteros request, starting for the minority seems it and there was also a solution for holding the physical lithium.

Speaker 7: We were privileged to hold the shareholders in our Mysore campus a few years back. As we return to the normalcy, we will look into the request and reward appropriately in the future.

We will relates to holdup shareholders.

<unk> campus, a few years back as we returned to them not months.

The request under work across kitchen of.

The future.

Speaker 7: And with request to the physical meeting, I think as you know, virtual meetings give shareholders access from across the globe. In fact, a few shareholders are suggested that the meeting should be conducted virtual. In this HGM, we have around 23 shareholders who are joining from different countries and from different time zones, which actually helps them to connect from everywhere.

With request to the physical meeting.

I think as you know virtual meetings give shareholders access from across the globe in fact, a few shareholders. Sir so just to.

At the meeting should be conducted Watson.

And in this AGM, we have around 23 shareholders, who are joining from different countries are under from different time zones, which actually helps them to connect from everywhere.

Speaker 7: The next question was from Mr. Sadan on the Shastri about the details mentioned the tenure of a director which is mentioned as not applicable. The answer is the Mandon is appointed as a non-executive and non-independent director. He is liable to retire by rotation as required under the company's act 2003.

The next question was from Mr. <unk> III.

About the detail just mentioned.

Nurofen.

Got it.

Which as mentioned is not applicable.

The answer is the mundane is appointed as a nonexecutive on non independent director. He is liable to retire by rotation as required under the companies Act 2013.

Speaker 27: Accordingly, he is offering himself for shareholders approval periodically.

Accordingly, he is offering himself for shareholders' approval periodically.

There was another question from buyback.

Speaker 27: requesting the details of the regulations, I think these details were already provided by Mr. Nilanchan. Those were the questions we should direct at with that I will hand

During.

The details of the regulations I think goodness details we're already providing.

Gotcha.

Those are the questions we showed that it correctly.

With that I will hand over back to Mr on them.

Thank you money.

Speaker 10: Emmer's may note that he voting on the NSL platform will continue to be available for the next 30 minutes.

And most of them in North America.

<unk> on the NGL platform will continue to be available.

For the next 30 minutes.

Speaker 10: Therefore, I request members of not cast their vote yet, do so within the next 30 minutes. Board of Directors.

Therefore, I request members.

Not cast their vote, yet Russo within the next 30 minutes.

The board of directors appointed B a month.

Speaker 16: company secretary as the scruitinizer to supervise the e-working process. The

Leasing company Secretary.

The scrutinize there too.

Is the evoking process.

Although.

<unk> authorized money come toward the company's facility.

Declare the results of the voting.

Speaker 10: the websites, says the results on the website of the company are the earliest.

Place the websites since the results on the website of the company.

The earliest.

Speaker 10: Resolutions as set forth in the notation be deemed we pass today subject to the receipt of the requisite number of votes.

Resolutions as set forth in the notice shall be deemed we fostered a subject to the receipt of the requisite number of workers.

We had 373 members participating in two days.

Speaker 10: We had 370 members participating in today's 40 second annual general meeting. Thank you for attending the meeting.

<unk> annual general meeting.

Thank you.

Getting the meeting thank you.

Thereby declared the proceedings.

Speaker 10: the 4th is limit rate, the second annual general meeting closed. Thank you, have a great day.

Infosys limited.

And the second annual General meeting closed.

You have a great day.

Okay.

Speaker 10: Welcome the members to the 41st annual general meeting. Hope all of you are

I welcome the members to the 40 plus annual General meeting.

Hope all of you are safe and in good health.

Speaker 10: This meeting is being held through video conference in accordance with the circular issued by the menu here in front.

This meeting is being held through video conference in accordance with the circular issued by the Ministry of cooperative raise in February .

Speaker 10: We have the requisite forum, forum present through video conference to conduct the proceedings of this.

We have the requisite forum quorum present through video conference to conduct the proceedings of this meeting.

Speaker 10: of members to video conference is being reckoned for the purpose of Choram as for the circular issued by MCA and Section 103 of the Companies Act 2013. The Choram being present, I call...

Participation of members through video conference is being record for the purpose of quorum as for the circular issued by MCA and section one of the companies Act 2013.

A quorum being present I call this meeting to order.

Speaker 10: Before we start the main proceedings of the meeting, I request my colleagues on the video conference to introduce.

Before we start the main proceedings of the meeting I'll request my colleagues on the video conference to introduce themselves.

Sally.

Hi, everybody as CEO and managing director.

Calling in from Mumbai.

Youre right.

This is keira.

Speaker 4: joining this meeting from my residents in Vaig.

Given muscle industrial joining this meeting from my residents in bank.

Speaker 4: And I am the Dean Independent Director and the Chair of the Nominations and Remineration Committees, as well as the CSR Committee.

And I am the lead independent director and the chair of the nomination.

Remuneration committees as well as the CSR Committee.

Similar.

Good evening this is syndrome independent director Gilbert.

Mcgee.

Management, the Mckee and stakeholder relationship Committee I am joining us breaking through video conference the Mumbai.

Speaker 3: of the relationship committee. I am joining this meeting.

Mike.

Hi.

Speaker 12: Good afternoon, this is my GIFs independent director. I'm joining from...

Good afternoon. This is Mike <unk> independent director joining grom.

Our home office in Houston, Texas USA.

Good evening. Good evening. This is Ori Levine, independent director, joining from my home office in Tel Aviv, Israel.

This is already Levine independent directors, joining from my home office in Tel Aviv Israel.

Bobby.

Good afternoon. This is Bobby body independent director.

Some of them back.

Yes.

Hello This is John .

And then Gary.

And Capex.

Joining me from my home in San Francisco, California.

The London.

Speaker 20: Rathu, Nilanjan Roy, Chief Financial Officer, joining in from Bangalore.

Good afternoon, Malanga, Chief financial officer, joining from Bangalore.

Money Kantar.

Hi, Good evening, everyone. This is <unk> our company Secretary joining from Bangalore, Okay.

Apart from them.

Speaker 10: We also have the Exitives and Senior Mad explain joining from the respective location.

We also have.

We can do that senior management, joining from their respective locations stature.

Statutory auditors and secretarial Auditor also joined this meeting.

Now request money contact company Secretary to provide general instructions to the members regarding participation in this meeting.

Hi, good evening everyone.

Speaker 27: Members may note that this again, digital meeting is being held through video conferencing in accordance with the company's act 2013 and circular issued by the Ministry of Corporate Office and CAB.

Remember that this I came to the meeting.

The video conferencing in accordance with the company's 2013 and circle as we showed with the Ministry of capital business.

The facility for joining this meeting via conference or other audiovisual means is made available for the members when it first on plasterboard business.

Speaker 27: The company has also provided a webcast facility to view the live proceedings of this meeting on the

The company has also provided a webcast with indicate a real delight proceedings of this meeting on the company's website.

But it just felt bad actors on the key management personnel, but its slow contracts of arrangements and other documents mentioned in the Eugene market.

Speaker 27: of contracts or arrangements and other documents mentioned in the Aegean notice, I have been made available electronically for inspection to the members during this Aegean.

I have been made available electronically for inspection to the members during this AGM.

Members seeking to inspect any of these documents can send their request.

Infosys medical.

Speaker 27: As the age is being held through video consencing, the facility for appointment of proxies with the members was not applicable.

As the AGM is being paid for video content.

For the appointment of proxies with a member who was not applicable on hence the box it and stuff for inspection is not available.

Speaker 27: The company has received requests from a few members to register the massacres.

The company has received a request from a few members who registered the most because at this AGM.

Speaker 27: Accordingly, the floor will be open for these members to ask questions or express interviews. We will facility

Accordingly, the floor will be opened for these members to ask questions are expressing their views.

We will facilitate decision once with Goodman.

Questions and answers.

Members can also of course the abuse of.

Speaker 27: Members can also post the views or questions on the Ask a Question tab on the video conference screen before 430.

Questions on the ask a question tab.

On the video conference screens before.

Oh My God.

It may be noted that the company deserves the right to limit the number of members asking questions.

Speaker 27: may be noted that the company deserves the right to limit the number of members asking questions depending on the availability of time at this age. The company has provided the facility to cause

Pending on the availability of <unk>.

CGM.

The company has provided an opportunity to cost awards electronically on all of the resolution set forth in the bodies.

It was not possible.

Okay.

Participating in this meeting we will have an opportunity cost me awards during the meeting.

Speaker 27: have an opportunity to cast the rewards during the meeting through the evoting system provided by NSDM. Members can click on the vote tab on the video conference screen to make use of this facility.

The voting system provided by even this year.

Members can click on the walk back.

Video conferencing to make use of.

This facility.

Members are requested to forget what the instructions provided in the notice.

Hearing on the video conference page four it seamless participation through video conference.

Okay.

In case members curious any difficulty there met each out on the headline numbers.

Speaker 27: In case members face any difficulty, they may reach out on the helpline numbers. Members may note that this agency is recorded. Please do not disclose any sensitive personal information.

No most of May not.

Mr. Ricardo please do not disclose any sensitive information.

Identified information.

Thank you very much.

Shipments among them.

Thank you money the company has taken all feasible efforts under the current circumstances to enable members to participate to video conference and vote at the AGM.

Speaker 10: The company has taken all feasible efforts under the current circumstances to enable members to participate to video conference and vote at the AGM.

Speaker 10: I thank all the members, colleagues on the board, auditors and the management team for joining this meeting over video...

I. Thank all the members colleagues on the board Auditor and the management team for joining this meeting or video conference.

Speaker 10: Dear shareholders, welcome to the 41st annual general meeting of InfoSIS. As we gather virtually once again, it is...

Dear shareholders.

Welcome to the 41st annual General meeting of Infosys.

As we gather virtually once again it is a pleasure and privilege to host you today.

Very much appreciate your agenda support and on behalf of Infosys Board of directors and thank you for taking the time from your busy schedules to join us.

Fiscal 2022.