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Performance of Infosys for the Fourth Quarter and Year ended March 31, 2002 Nandan Performance of Infosys for the Fourth Quarter and Year ended March 31, 2002 Nandan M. Nilekani Chief Executive Officer, President and Managing Director © Infosys Technologies Limited 2001 -2002

Safe Harbour Certain statements in this release concerning our future growth prospects are forward-looking Safe Harbour Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20 -F for the fiscal year ended March 31, 2001 and quarterly report on Form 6 -K for the quarters ended June 30, 2001, September 30, 2001 and December 31, 2001. These filings are available at www. sec. gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. © Infosys Technologies Limited 2001 -2002 2

Agenda § § § § Financial Performance Operational Performance New Initiatives Client Acquisition & Agenda § § § § Financial Performance Operational Performance New Initiatives Client Acquisition & Expansion of Services Human Resources Infrastructure Outlook for the Future Summary © Infosys Technologies Limited 2001 -2002 3

Financial Performance © Infosys Technologies Limited 2001 -2002 Financial Performance © Infosys Technologies Limited 2001 -2002

Highlights Q 4 FY 02 Indian GAAP Y-O-Y Growth Income 21. 0% PAT from Highlights Q 4 FY 02 Indian GAAP Y-O-Y Growth Income 21. 0% PAT from ord. activities US GAAP Y-O-Y Growth Revenues 15. 7% Net income 10. 3% New clients 29 Repeat business 80. 1% Headcount Gross addition 181 Net addition 75 Period end headcount © Infosys Technologies Limited 2001 -2002 37. 0% 15. 8% 29. 6% 31. 7% 24. 6% 116 87. 6% 1, 548 907 10, 738 5

Highlights (Indian GAAP) - Quarterly (Rs. crore) FY 2001 % growth over Q 4 Highlights (Indian GAAP) - Quarterly (Rs. crore) FY 2001 % growth over Q 4 Q 3 02 Q 4 01 FY 2002 Q 4 FY 2002 Q 3 Income 680. 13 660. 81 561. 87 2. 9 21. 0 S/w development expenses 322. 81 309. 50 245. 27 4. 3 31. 6 Gross profit 357. 32 351. 31 316. 60 1. 7 12. 9 86. 58 83. 86 83. 28 3. 2 4. 0 270. 74 267. 45 233. 32 1. 2 16. 0 44. 82 41. 34 37. 90 8. 4 18. 3 225. 92 226. 11 195. 42 (0. 1) 15. 6 23. 33 14. 93 10. 21 56. 3 128. 5 - - 2. 21 - - 249. 25 241. 04 203. 42 3. 4 22. 5 38. 93 35. 00 21. 75 11. 2 79. 0 210. 32 206. 04 181. 67 2. 1 15. 8 S, G&A expenses Operating profit Depreciation Operating profit after depreciation Other income Provision for investments PBT Provision for tax PAT from ordinary activities © Infosys Technologies Limited 2001 -2002 6

Highlights (Indian GAAP) - Annual FY 2002 Income S/w development expenses Gross profit S, Highlights (Indian GAAP) - Annual FY 2002 Income S/w development expenses Gross profit S, G&A expenses Operating profit Depreciation Operating profit after depreciation Other income Provision for investments PBT Provision for tax PAT from ordinary activities Extraordinary items Net profit after ext. items © Infosys Technologies Limited 2001 -2002 2, 603. 59 1, 224. 82 1, 378. 77 341. 14 1, 037. 63 160. 65 876. 98 66. 41 943. 39 135. 43 807. 96 % FY 2001 100. 0 1, 900. 56 47. 0 870. 83 53. 0 1, 029. 73 13. 1 264. 89 39. 9 764. 84 6. 2 112. 89 33. 7 2. 5 36. 2 5. 2 31. 0 651. 95 59. 37 15. 29 696. 03 72. 71 623. 32 5. 49 628. 81 (Rs. crore) % Growth 100. 0 45. 8 54. 2 13. 9 40. 3 6. 0 37. 0 40. 6 33. 9 28. 8 35. 7 42. 3 34. 3 3. 1 0. 8 36. 6 3. 8 32. 8 0. 3 33. 1 34. 5 11. 9 35. 5 86. 3 29. 6 28. 5 7

Balance Sheet Summary Mar 31, 2002 % (Rs. crore) Mar 31, 2001 % LIABILITIES Balance Sheet Summary Mar 31, 2002 % (Rs. crore) Mar 31, 2001 % LIABILITIES Shareholders’ funds 2, 080. 31 100 1, 389. 64 100 Total liabilities 2, 080. 31 100 1, 389. 64 100 ASSETS Fixed assets 718. 24 Investments Deferred tax assets Current assets Cash & equivalents Accounts receivables Other current assets Less: Current liabilities Net current assets 1, 293. 41 Total assets 2, 080. 31 © Infosys Technologies Limited 2001 -2002 35 44. 44 24. 22 557. 66 2 1 40 34. 12 - 1, 026. 96 336. 73 389. 13 (459. 41) 62 100 49 16 19 (22) 797. 86 1, 389. 64 577. 74 302. 37 237. 60 (319. 85) 58 100 2 42 22 17 (23) 8

Region wise Revenue (%) FY 2002 Q 4 FY 2002 Q 3 FY 2001 Region wise Revenue (%) FY 2002 Q 4 FY 2002 Q 3 FY 2001 Q 4 FY 2002 FY 2001 North America 70. 7% 70. 9% 71. 6% 71. 2% 73. 5% Europe 19. 7% 19. 4% 20. 5% 19. 5% 18. 8% India 1. 6% 1. 9% 1. 7% 2. 0% 1. 4% Rest of the world 8. 0% 7. 8% 6. 2% 7. 3% 6. 3% 100. 0% 100. 0% Total © Infosys Technologies Limited 2001 -2002 9

Operational Performance © Infosys Technologies Limited 2001 -2002 Operational Performance © Infosys Technologies Limited 2001 -2002

Utilization Rates © Infosys Technologies Limited 2001 -2002 11 Utilization Rates © Infosys Technologies Limited 2001 -2002 11

Project type segmentation FY 2002 Q 3 FY 2002 Q 4 FY 2001 FY Project type segmentation FY 2002 Q 3 FY 2002 Q 4 FY 2001 FY 2002 Fixed Price 34. 0% 35. 1% 28. 6% 31. 6% 28. 2% Time & Materials 66. 0% 64. 9% 71. 4% 68. 4% 71. 8% 100. 0% 100. 0% Total © Infosys Technologies Limited 2001 -2002 FY 2001 Q 4 12

Onsite-Offshore Revenue split FY 2002 Q 4 FY 2002 Q 3 FY 2001 Q Onsite-Offshore Revenue split FY 2002 Q 4 FY 2002 Q 3 FY 2001 Q 4 FY 2002 FY 2001 Onsite 52. 2% 49. 9% 48. 3% 50. 8% 51. 5% Offshore 47. 8% 50. 1% 51. 7% 49. 2% 48. 5% 100. 0% Total © Infosys Technologies Limited 2001 -2002 13

Customer Concentration FY 2002 Q 4 FY 2002 Q 3 FY 2001 Q 4 Customer Concentration FY 2002 Q 4 FY 2002 Q 3 FY 2001 Q 4 FY 2002 FY 2001 5. 6% 5. 5% 6. 8% 6. 1% 7. 3% Top 5 client contribution to revenues 24. 4% 24. 1% 26. 4% 24. 1% 26. 0% Top 10 client contribution to revenues 39. 0% 38. 3% 43. 4% 39. 4% 39. 2% Million dollar clients* 83 90 80 83 80 Five million dollar clients* 25 24 19 25 19 Ten million dollar clients* 16 13 11 16 11 Top client contribution to revenues *LTM © Infosys Technologies Limited 2001 -2002 14

Accounts Receivable FY 2001 FY 2002 58 47 Days Sales Outstanding AGE PROFILE © Accounts Receivable FY 2001 FY 2002 58 47 Days Sales Outstanding AGE PROFILE © Infosys Technologies Limited 2001 -2002 15

Other Highlights § Software revenues in US dollar terms grew by 1. 5% for Other Highlights § Software revenues in US dollar terms grew by 1. 5% for the quarter over the quarter ended December 31, 2001. Revenue growth comprised volume growth of 6. 3% offset by a price decline of 4. 8%, as compared to the quarter ended December 31, 2001 § Board recommends final dividend of Rs. 12. 50 per share (250% on an equity share of par value of Rs. 5 per share). Including the interim dividend of Rs. 7. 50 per share (150% on par value of Rs. 5 per share), the total dividend recommended for the year is Rs. 20. 00 per share (400% on par value of Rs. 5 per share) § Board recommends increasing the maximum limit of FII investments in Infosys to 100% of the paid-up equity share capital of Infosys from the present 49% © Infosys Technologies Limited 2001 -2002 16

New Initiatives © Infosys Technologies Limited 2001 -2002 New Initiatives © Infosys Technologies Limited 2001 -2002

New Initiatives § Business Process Management (BPM) • Foraying into Business Process Management • New Initiatives § Business Process Management (BPM) • Foraying into Business Process Management • Board of Infosys approved investment of upto US$ 5 million • Initial focus of BPM services would be in areas of transaction processing and accounting services • Will be offered in multiple forms – business process re-engineering, shared services platform and business intelligence services • Financial services will be one of the key target verticals • Frameworks developed for the BPM offering is based on Infosys’ Influx. TM methodology © Infosys Technologies Limited 2001 -2002 18

New Initiatives § IT Outsourcing • Taken over the management of applications of 2 New Initiatives § IT Outsourcing • Taken over the management of applications of 2 clients • Signed an agreement with a leading financial services company to provide 24 x 7 support to its mission critical applications • Signed a strategic global outsourcing contract with a leading networking equipment manufacturer. Infosys has taken over 24 x 7 support for mission-critical applications for its American and European operations. In addition, Infosys has also developed and deployed new e-business solutions required by the client § Systems Integration • Started marketing these services • Logical extension of Infosys services, integrating best-of-breed software solutions and packages © Infosys Technologies Limited 2001 -2002 19

Client Acquisition & Expansion of Services © Infosys Technologies Limited 2001 -2002 Client Acquisition & Expansion of Services © Infosys Technologies Limited 2001 -2002

Client Acquisition & Expansion of Services § Client acquisitions during the quarter was 29 Client Acquisition & Expansion of Services § Client acquisitions during the quarter was 29 § Helping clients in financial sector manage business transformation through the use of technology • Working with Cardif, the insurance subsidiary of BNP Paribas, the largest financial institution in France to roll out end-to-end IT systems and developing a core insurance product • Engaged by a top-end global bank to build systems for aggregated financial reporting to private wealth management clients • Developing an online fund transfer option for Northwestern Mutual, a leading provider of individual life insurance in the US § Using creative application of technology to transform manufacturing process in engineering space for clients such as Daimler Chrysler and Fujitsu © Infosys Technologies Limited 2001 -2002 21

Client Acquisition & Expansion of Services § Expanded services to clients in retail segment Client Acquisition & Expansion of Services § Expanded services to clients in retail segment • Implementing an order management system for Argos, a large UK-based nonfood retail chain • Implemented a complex Oracle 11 i solution for a specialty fashion retail chain in the US • Engagements with a prominent retailer of apparel and accessories for children and a speciality retailer of high quality home products § Expanded footprint in telecom sector • Extending telecom industry expertise to Cable and Wireless (C&W) subsidiaries by providing service positioning solutions for client networks • Assisting Sony Ericsson Mobile Communications, in Europe, in maintaining its critical core sourcing application • Clients added in Asia Pacific region include Eastern Communications Company and ZTE Corporation © Infosys Technologies Limited 2001 -2002 22

Client Acquisition & Expansion of Services § Expanded supply chain expertise to the pharmaceutical Client Acquisition & Expansion of Services § Expanded supply chain expertise to the pharmaceutical industry • Helping a major international pharmaceutical enterprise to design and develop a mail-order pharmacy and durable medical equipment claims process • Recommending the re-engineering of multiple applications for a pharmacy benefit company § Utilities sector • Commissioned by Customer. Works, a joint venture between two of Canada’s largest utility organizations, to perform a high-level, customer-focussed risk assessment program © Infosys Technologies Limited 2001 -2002 23

Banking Products § Revenue from Banking Business Unit crossed Rs. 100 crore § FINACLE™ Banking Products § Revenue from Banking Business Unit crossed Rs. 100 crore § FINACLE™ implementation completed in 15 branches of the South Indian Bank § Internet banking implementations completed at ABN Amro India, providing functionality like online deposit opening, cash delivery at home and bill payments § Product Acquisition • Acquired Simple. RM, a CRM product from Tri. Vium Systems Inc, on a non- exclusive basis at a price of US$ 1 million • Being integrated with FINACLE™ • FINACLE CRM would provide a strategic advantage over Infosys’ current competitors in the banking product space, as it completes Infosys suite of offerings and allows Infosys to serve its customer needs better © Infosys Technologies Limited 2001 -2002 24

Human Resources © Infosys Technologies Limited 2001 -2002 Human Resources © Infosys Technologies Limited 2001 -2002

Human Resources § Total employees strength at 10, 738 as on March 31, 2002, Human Resources § Total employees strength at 10, 738 as on March 31, 2002, up from 9, 831 as on March 31, 2001 § Net addition of 75 employees during the quarter as compared to 109 during the quarter ended December 31, 2001 § Gross addition of employees during the quarter was 181, out of which 126 were laterals § 9, 405 software professionals as on March 31, 2002, up from 8, 656 as on March 31, 2001 § Of these software professionals, 176 belong to the Banking Products group © Infosys Technologies Limited 2001 -2002 26

Infrastructure © Infosys Technologies Limited 2001 -2002 Infrastructure © Infosys Technologies Limited 2001 -2002

Infrastructure § Capital expenditure of Rs. 38. 18 crore was incurred during the quarter Infrastructure § Capital expenditure of Rs. 38. 18 crore was incurred during the quarter § As of March 31, 2002, the company had 26, 62, 600 sq. ft of space capable of accommodating 12, 050 professionals and 9, 31, 000 sq. ft under construction © Infosys Technologies Limited 2001 -2002 28

Outlook for the Future © Infosys Technologies Limited 2001 -2002 Outlook for the Future © Infosys Technologies Limited 2001 -2002

Indian GAAP § Quarter ending June 30, 2002 • Income from software development services Indian GAAP § Quarter ending June 30, 2002 • Income from software development services and products is projected to be in the range of Rs. 684 crore to Rs. 694 crore • Earnings per share is expected to between Rs. 31 to Rs. 32 § Fiscal year ending March 31, 2003 • Revenue growth to be between 17% and 20% • Income from software development services and products is projected to be in the range of Rs. 3, 085 crore to Rs. 3, 170 crore • Earnings per share is expected to be between Rs. 141 to Rs. 145 © Infosys Technologies Limited 2001 -2002 30

Summary © Infosys Technologies Limited 2001 -2002 Summary © Infosys Technologies Limited 2001 -2002

Summary § Met our revenue target despite tough environment § Margins retained in spite Summary § Met our revenue target despite tough environment § Margins retained in spite of pricing pressures § Launched new initiatives for BPM and IT Outsourcing § Enhanced interest in the offshore model § Sales and ramp-up cycles have elongated and pricing pressure continues § Clients expect to maximise returns. Shifting focus towards vendor consolidation § Outlook for next 12 months continues to be challenging © Infosys Technologies Limited 2001 -2002 32

Thank You © Infosys Technologies Limited 2001 -2002 Thank You © Infosys Technologies Limited 2001 -2002