The above graph represents the number of Infosys million dollar clients by fiscal quarter. The total number of Infosys active clients increased to 1,384 in FY Q3 2020, from 1,251 active clients the company had during the same time a year ago. As of December 2019, the company has 705 clients in the $1 million + segment, 232 clients in the $10 million + segment, 61 clients in the $50 Million + segment, and 28 clients in the $100 million + segment.
|Source||Infosys Limited Quarterly Reports|
|Note||Infosys Fiscal Year: April 1st – March 31st|
The IT firm added 12 clients who contributed more than $1 million in revenue. While there was no addition in the clients who contributed more than $50 million in revenue. The company only 4 clients in $10 million revenue bracket and 1 client in $100 million revenue bracket during the December quarter.
About Infosys Limited: Additional Information
Infosys Limited (NSE: INFY) is an Indian multinational IT company, headquartered in Bengaluru, India. The company provides business consulting, technology, outsourcing and next-generation digital services.
On July 7, 1981, Infosys was co-founded by seven engineers – N.R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan and Ashok Arora.
In February 1993, Infosys went for its initial public offerings (IPO) with an offer price of ₹95 per share and got listed on stock exchanges in India in June 1993. In 1999, Infosys became the first IT Company from India to be listed on NASDAQ. The company has its primary listings on the BSE Ltd. and National Stock Exchange of India Limited. The company’s American Depositary Shares (ADS) representing equity shares are listed on the New York Stock Exchange (NYSE).
Started from an initial capital of $250, Infosys has grown to become a $49.16 billion company in terms of market capitalization. It is also listed on Forbes Asia’s 200 Best Over A Billion 2019, with annual revenue of $11.8 billion.
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