© Infosys Technologies Limited 2005 - 06

Europe updateEurope update

B. G. Srinivas

Senior Vice President and Unit Head - EMEA

November 11, 2005 © Infosys Technologies Limited 2005 - 06

Safe HarborSafe Harbor

Certain statements in this Analyst Meet 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, 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 of governmental fiscal incentives, political instability and regional conflicts, 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, 2005 and our reports on Form 6-K. 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.

November 11, 2005 © Infosys Technologies Limited 2005 - 06

Infosys in Europe Infosys in Europe

78106

133

204

355

437

0

100

200

300

400

500

FY01 FY02 FY03 FY04 FY05 LTMSep 05

H1 06 revenues of $238 m

Approx. 50-50 revenue split between UK and

Continent

70+ Active Clients

Over 35% of Progeon revenues come from Europe

(H1 06)

Service capability in 14 countries with offices in 9

different countries

UK was the firstInfosys office inEurope

UK Office

France Office

Germany Office

Benelux Office

Nordic Office

Opened in 1996

Opened in1999

2001 Paris office established

1999 - Belgium

2001 - Office in Sweden

Swiss Office 2002 - Office opened in Zurich

UK was the firstInfosys office inEurope

UK Office

France Office

Germany Office

Benelux Office

Nordic Office

Opened in 1996

Opened in1999

2001 Paris office established

1999 - Belgium

2001 - Office in Sweden

Swiss Office 2002 - Office opened in Zurich

Re

ven

ue

($

m)

CAGR = 47%

CAGR = 47%

November 11, 2005 © Infosys Technologies Limited 2005 - 06

Europe Market Europe Market

Offshoring ($ m)

1,0761,453

1,8822,332

2,766126

153

185

223

172

204

246

287

334

102

132

169

215

271

266

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2005 2006 2007 2008 2009

UK/Ireland ASG FSI Benelux + Nordics

Vertical

8%15%

17%

4%1%

20%

20%15%

Financial Serv.

Manufacturing

Retail

Telecom

Public Sector

Utilities

Resources

Transport and Services

*Gartner – July 2005 *Forrester – July 2004

Europe is not a single market

Highly regulated market place

GDM adoption starting to happen

80% offshoreable to India

27

1612

53

45

16

27

1712

55

47

17

28

1713

56

49

19

28

1713

58

51

20

28

1813

60

54

22

0

50

100

150

200

2005 2006 2007 2008 2009

IT Service Spend (Euro m)

Biz Process Mgt.

IT Management

Development &Integration

Consulting

Software Maint.

Hardware Maint.

195188182175

169

*Gartner – Sep 2005

November 11, 2005 © Infosys Technologies Limited 2005 - 06

Driving growth through targeted market segmentsDriving growth through targeted market segments

Geo-Cluster strategy to drive growth and new market penetrationUK & Ireland

Austria, Switzerland & Germany

Benelux & Nordics

France, Spain & Italy

Eastern Europe, Middle East & Africa

Capitalize on domain skills and solutions in key industriesFinancial Services

Retail & CPG

Telecom

Automotive & Aerospace

Strong alliances and partnerships driving growth and branding viz-Microsoft, SAP, Oracle, Siebel

November 11, 2005 © Infosys Technologies Limited 2005 - 06

Infosys positioning in EuropeInfosys positioning in Europe

Positioned well on scalability – ABN AMRO deal paves the way for large deals

Leading Investment Bank - Global support desk transition

Application Integration program for a leading Financial Services company

SAP and SeeBeyond solution development and support for a manufacturing company

Leading telecom company – Customer care & billing system

Scaling up on consulting and local business domain capability with specially designed vertical solutions for the region

Strengthening and leveraging global service capability to address diverse European market needs

Capability of managing and transforming systems core to client services

Infosys worked on the design and development of the top and bottom skin extensions within the inner fixed trailing edge for the Airbus A380

Alstom R&D center set up

B-Source has entrusted Infosys with maintenance and re-engineering of “The Boss” - their core service platform

Positioning as one-stop shop with service breadth

Multiple across the board engagements – consulting, application, testing, infrastructure, BPO deals

November 11, 2005 © Infosys Technologies Limited 2005 - 06

To reiterate…To reiterate…

Europe has been a growth engine for Infosys

Globalisation trends are impacting Europe

Scaling specific competencies to address client needs

Infosys Consulting

IT transformation capabilities

Managing multi-year outsourcing relationships

Investing in building Infosys’ market presence and brand in

Europe

© Infosys Technologies Limited 2005 - 06

Thank youThank you

www.infosys.com