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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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Delayed NSE India Stock Exchange  -  06:23:13 2023-02-01 am EST
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Infosys Foundation Sports Park inaugurated in Bengaluru

11/21/2022 | 05:55am EST

Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced the inauguration of the Infosys Foundation Sports Park in Bengaluru, India. The Honorable Home Minister of Karnataka Mr. Araga Jnanendra Kumar inaugurated the sporting facility.

Earlier, Infosys Foundation had signed a Memorandum of Understanding (MoU) with the Commissioner of Police, Bengaluru City for augmenting the sports infrastructure in the city for the masses. The Infosys Foundation has supported the construction of the park in Adugodi.

The Infosys Foundation Sports Park comprises of a volleyball and basketball court sized 5,928 sq.ft. each, a football and a badminton court sized 4,000 sq.ft. each, a play area for children sized 1,500 sq.ft., and a skating rink measuring 1,547 sq.ft.

Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, "Amid shrinking common spaces and a sedentary lifestyle, this initiative is about encouraging citizens to incorporate sports into their daily life, providing opportunities for holistic health, and creating quality avenues for them to achieve this. With support from the Commissioner of Police, Bengaluru, we are happy to improve the city's public infrastructure and contribute to the cause of sports and citizens' health."

Pratap Reddy, Commissioner of Police, Bengaluru City said, "We appreciate Infosys Foundation for lending their support in the commencement of this project. Going forward, such initiatives will greatly contribute to the infrastructural development of Bengaluru City Police." About Infosys Foundation

Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.

For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India and the US, 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, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, 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 or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. 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 statements that may be made from time to time by or on behalf of the Company unless it is required by law. Media contacts:

For more information, please contact: PR_Global@Infosys.com

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Sales 2023 1 480 B 18 109 M 18 109 M
Net income 2023 246 B 3 014 M 3 014 M
Net cash 2023 245 B 2 993 M 2 993 M
P/E ratio 2023 26,4x
Yield 2023 2,35%
Capitalization 6 399 B 78 271 M 78 271 M
EV / Sales 2023 4,16x
EV / Sales 2024 3,70x
Nbr of Employees 346 845
Free-Float 85,1%
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Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi President
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
Anand Swaminathan Executive VP-Communications, Media & Technology
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