ppps

4.2% YoY 12.4% YoY

20.8% $2.3 bn
1.0% QoQ Operating margin
Increase in EPS
Large deal TCV
CC Revenue growth (` terms)

Revenue Growth- Q1 24
Reported CC
QoQ growth (%) 1.4 1.0
YoY growth (%) 3.9 4.2

Revenues by Business Segments

(in %)
Quarter ended YoY Growth
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022 Reported CC
Financial services 28.1 28.9 30.6 (4.7) (4.2)
Retail 14.5 14.8 14.5 4.0 4.0
Communication 11.7 11.8 13.0 (6.1) (5.6)
Energy, Utilities, Resources & Services 12.9 12.9 12.4 8.3 8.6
Manufacturing 14.1 13.5 12.1 21.3 20.7
Hi-Tech 8.1 8.0 8.2 2.5 2.3
Life Sciences 7.2 7.2 6.5 14.9 13.9
Others 3.4 2.9 2.7 28.0 32.9
Total 100.0 100.0 100.0 3.9 4.2

Revenues by Client Geography

(in %)
Quarter ended YoY Growth
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022 Reported CC
North America 60.8 61.0 61.8 2.3 2.1
Europe 26.8 27.0 25.0 10.9 10.1
Rest of the world 9.7 9.4 10.6 (4.5) (0.5)
India 2.7 2.6 2.6 9.3 13.7
Total 100.0 100.0 100.0 3.9 4.2

Client Data
Quarter ended
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022
Number of Clients
Active 1,883 1,872 1,778
Added during the period (gross) 99 115 106
Number of Million dollar clients*
1 Million dollar + 940 922 877
10 Million dollar + 312 298 278
50 Million dollar + 79 75 69
100 Million dollar + 38 40 38
Client contribution to revenues
Top 5 clients 13.4% 13.0% 13.0%
Top 10 clients 20.4% 20.1% 20.8%
Top 25 clients 34.6% 34.7% 36.3%
Days Sales Outstanding 63 62 63
*LTM (Last twelve months) Revenues

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 Effort and Utilization - Consolidated IT Services
(in %)
Quarter ended
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022
Effort
Onsite 24.7 24.6 24.3
Offshore 75.3 75.4 75.7
Utilization
Including trainees 78.9 76.9 77.6
Excluding trainees 81.1 80.0 84.7

Employee Metrics
(Nos.)
Quarter ended
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022
Total employees 3,36,294 3,43,234 3,35,186
S/W professionals 3,17,611 3,24,816 3,18,447
Sales & Support 18,683 18,418 16,739
Voluntary Attrition % (LTM - IT Services) 17.3% 20.9% 28.4%
% of Women Employees 39.5% 39.4% 39.3%

Cash Flow
In US $ million
Quarter ended
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022
Free cash flow (1) 699 713 656
Consolidated cash and investments (2)(3) 3,593 3,807 4,414

In ` crore
Quarter ended
Jun 30, 2023 Mar 31, 2023 Jun 30, 2022
Free cash flow (1) 5,749 5,844 5,106
Consolidated cash and investments (2)(3) 29,469 31,286 34,854
(1) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash

flows prepared under IFRS (Non-IFRS measure)

(2) Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in

unquoted equity and preference shares, unquoted compulsorily convertible debentures and others (Non-IFRS measure)
(3) Cash balances excludes earmarked bank balance for dividend - $885 Mn (₹ 7,262 crore). Payment date for the dividend was Jul 3, 2023.

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 Consolidated statement of Comprehensive Income for three months ended,
(Extracted from IFRS Financial Statement) In US $ million, except per equity share data
Growth % Growth %
Jun 30, Jun 30, Mar 31,
Particulars Q1 24 over Q1 24 over
2023 2022 2023
Q1 23 Q4 23
Revenues 4,617 4,444 3.9 4,554 1.4
Cost of sales 3,211 3,144 2.1 3,164 1.5
Gross Profit 1,406 1,300 8.2 1,390 1.2
Operating Expenses:
Selling and marketing expenses 217 193 12.4 202 7.4
Administrative expenses 228 219 4.1 231 (1.3)
Total Operating Expenses 445 412 8.0 433 2.8
Operating Profit 961 888 8.2 957 0.3
Operating Margin % 20.8 20.0 0.8 21.0 (0.2)
Other Income, net(1) 57 80 (28.8) 72 (20.8)
Profit before income taxes 1,018 968 5.2 1,029 (1.1)
Income tax expense 294 279 5.4 284 3.5
Net Profit (before minority interest) 724 689 5.1 745 (2.9)
Net Profit (after minority interest) 724 689 5.1 744 (2.8)
Basic EPS ($) 0.17 0.16 6.6 0.18 (2.6)
Diluted EPS ($) 0.17 0.16 6.6 0.18 (2.6)
Dividend Per Share ($) (2) - - - 0.21 -

Consolidated statement of Comprehensive Income for three months ended,

(Extracted from IFRS Financial Statement) In ` crore, except per equity share data
Growth % Growth %
Jun 30, Jun 30, Mar 31,
Particulars Q1 24 over Q1 24 over
2023 2022 2023
Q1 23 Q4 23
Revenues 37,933 34,470 10.0 37,441 1.3
Cost of sales 26,382 24,369 8.3 26,011 1.4
Gross Profit 11,551 10,101 14.4 11,430 1.1
Operating Expenses:
Selling and marketing expenses 1,783 1,493 19.4 1,659 7.5
Administrative expenses 1,877 1,694 10.8 1,894 (0.9)
Total Operating Expenses 3,660 3,187 14.8 3,553 3.0
Operating Profit 7,891 6,914 14.1 7,877 0.2
Operating Margin % 20.8 20.1 0.7 21.0 (0.2)
Other Income, net(1) 471 620 (24.0) 589 (20.0)
Profit before income taxes 8,362 7,534 11.0 8,466 (1.2)
Income tax expense 2,417 2,172 11.3 2,332 3.6
Net Profit (before minority interest) 5,945 5,362 10.9 6,134 (3.1)
Net Profit (after minority interest) 5,945 5,360 10.9 6,128 (3.0)
Basic EPS (`) 14.37 12.78 12.4 14.79 (2.8)
Diluted EPS (`) 14.35 12.76 12.5 14.77 (2.8)
Dividend Per Share (`) - - - 17.50 -
(1) Other income includes Finance Cost
(2) USD/INR exchange rate of 82.00

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