1、1Infosys Technology at workThe future depends on what we do in the present.Mahatma Gandhi(1869 1948)History is replete with instances of technological breakthroughs that haveforever altered the course of humanity.The digital revolution has broughtabout unprecedented improvements in the price-perform
2、ance equation forboth information storage and processing power.The explosion of the Internethas revolutionized information availability and exchange,and has also spurredextraordinary innovations in business processes and commerce.Today,physical boundaries are becoming increasingly irrelevant and inf
3、ormationtechnology is a boardroom imperative in corporations across the globe.Enhanced communication capabilities,ubiquitous information access,andreal-time decision-making have contributed immensely to the rise oforganizations that transcend national boundaries.We,at Infosys,believe thattechnologic
4、al developments in the areas of enterprise solutions,embeddedsoftware,optical networking and convergence will continue to radicallyimpact every one of us.These developments will spur new ways of doingbusiness,help companies increase their focus on consumer needs,andfacilitate innovations in the form
5、 of hi-tech products and services.This year,we bring you a collection of some of our projects that showcase the impactof leading-edge technologies on business.2ContentsThe year at a glance3Awards for excellence 2000-20014Letter to the shareholders9Infosys Technology at work11Directors report21Risk m
6、anagement38Corporate governance44Audit committee charter54Report of the committees of the board56Auditors report58Financial statements prepared in accordance withIndian Generally Accepted Accounting Principles(Indian GAAP)Balance sheet60Profit and loss account61Schedules62Managements discussion and