Sands China Marks 10th Anniversary of Support Programme for Local Suppliers with Celebration and SME Open Day

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April 17, 2025

MACAO, April 17, 2025 /PRNewswire/ — Sands China celebrated the 10th anniversary of its Local Small, Medium and Micro Suppliers Support Programme Thursday at The Londoner Macao^®, followed by the 2025 Sands China Local Supplier Open Day, which was attended by 250 local SMEs.

Guests of honour celebrate the 10th anniversary of Sands China’s Local Small, Medium and Micro Suppliers Support Programme Thursday at The Londoner Macao, followed by the 2025 Sands China Local Supplier Open Day.

Sands China’s Local Small, Medium and Micro Suppliers Support Programme was created in partnership with the Macao Chamber of Commerce in 2015 to increase procurement opportunities for Macao’s SMEs. It targets three types of local businesses: local small and micro suppliers, “Made in Macao” companies and Macao young entrepreneurs. In line with government policies, the programme propels Sands China’s longstanding efforts to support the growth and development of local SME suppliers.

This year, the Sands China Local Supplier Open Day connected local SMEs, including Macao enterprises certified by the DSEDT Technology Enterprise Certification Program, with Sands China procurement representatives – thereby facilitating face-to-face conversations for the potential suppliers to learn about procurement opportunities in various Sands China departments.

Sands China set up several categories of procurement booths for the well-attended event: food and beverage, outside services and logistics, marketing, advertising and printing, technology and gaming products and services, hotel operating supplies and furniture, and facilities and construction. This year’s Open Day added a booth specially for DSEDT-certified Macao technology enterprises to learn about technology-related procurement opportunities. Additionally, a Sands Procurement Academy booth shared information about the academy’s free training programme for SMEs and offered registration on-site.

Grant Chum, chief executive officer and executive director of Sands China Ltd., said: “We are honoured to witness our Local Small, Medium and Micro Suppliers Support Programme celebrating its 10-year milestone with this SME Open Day, as it demonstrates our philosophy of supporting the development of local SME suppliers and fostering their prosperity by providing a high-level, effective platform for them to grow. Over the past 10 years, Sands China has proactively launched various initiatives to support local SMEs and we have consistently adjusted our strategies in response to the latest market changes and demands, putting innovative ideas into practice to achieve mutually beneficial outcomes. We would like to express our gratitude to the Macao SAR government for its longstanding policy guidance, to the Macao Chamber of Commerce for being our key partner and a crucial bridge between us and local commerce, and to all local SMEs for their active participation and support throughout the years – as we all share the impactful achievements of Macao’s development.”

Hoi Lok Man, vice president of the board of directors of the Macao Chamber of Commerce, said: “SMEs are the economic foundation of Macao. The flourishing development of Macao’s local SMEs is one of the city’s ‘golden accesses’ to economic prosperity. Co-launched with Sands China in 2015, the Local Small, Medium and Micro Suppliers Support Programme is a testament to our philosophy of supporting the growth and development of local SMEs, making progress together to achieve our mutual goal. Our support to local SMEs mirrors the adage to ‘teach a man to fish’ and is a microcosm of the solidarity of Macao’s business sectors – demonstrating their collaborative spirit of ‘growth, success, and shared prosperity.’ Our partnership with Sands China has significantly surpassed commercial procurement, in turn becoming an accelerator for Macao’s moderate economic diversification. Let today mark a new beginning in our journey, as Sands China continues to effectively promote the programme with support from all sectors of society – further polishing the ‘golden business card’ of Macao as an international metropolis.”

The officiating guests at Thursday’s event were Yang Yi, deputy director of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Macao SAR; Yau Yun Wah, director of the Economic and Technological Development Bureau of the Macao SAR Government; Ricky Hoi, acting director of the Macao Government Tourism Office; Victoria Kuan, director-general of the Macau Productivity and Technology Centre; Sanna Leong, manager of the Commerce and Business Development Division of the Macao Trade and Investment Promotion Institute; Hoi Lok Man; Andy Ng, director of the Macao Young Entrepreneur Incubation Centre; Grant Chum; and Charlie Cai, vice president of procurement and sustainability of Sands China Ltd.

The event is one in a series of initiatives and events celebrating the 10th anniversary of Sands China’s Local Small, Medium and Micro Suppliers Support Programme. These include the Rua das Estalagens Team Member Food Fest at The Venetian^® Macao, Sands Shopping Carnival, Sands Procurement Academy training programme, Sands Supplier Excellence Awards, and Macao Technological Innovation Exploration tour.

In addition, Sands China will launch a training programme this year to enhance local SMEs’ online marketing capabilities, thereby facilitating digital transformation in their businesses. Through this programme, participants will be equipped with marketing skills for live broadcasting on new media platforms, enriching their knowledge of future trends and the development of live commerce. The company is also fully supporting the “2025 Macau Youth Innovation and Entrepreneurship Competition” to be held in August this year, empowering young people to pursue their entrepreneurial dreams, while injecting innovative elements into local industries in a bid to contribute to Macau’s economic diversification.

Sands China’s supplier support programme aims to meet the needs of Macao’s SMEs through various initiatives. Key among them is the F.I.T. programme, introduced in 2017 to provide Financial Support, Invitational Matching, and Training and Development for suppliers. The success of these efforts has been evident. Sands China recorded a gross procurement amount of MOP 15.2 billion in 2024, 84% of which (MOP 12.8 billion) went to Macao enterprises, including over 4.6 billion to local SMEs.

Sands China’s Local Small, Medium and Micro Suppliers Support Programme is in line with the Macao government’s initiative to “buy local” and demonstrates Sands China’s commitment to supporting local enterprises as part of the company’s corporate social responsibility efforts. It is part of Sands China’s supplier relationship management strategy, which guides the company’s long-standing effort to support local suppliers, whom it views as its strategic partners.

About Sands China Ltd.

Sands China Ltd. (Sands China or the Company) is incorporated in the Cayman Islands with limited liability and is listed on The Stock Exchange of Hong Kong Limited (HKEx: 1928). Sands China is the largest operator of integrated resorts in Macao. The Company’s integrated resorts on the Cotai Strip comprise The Venetian^® Macao, The Plaza^® Macao, The Parisian^® Macao and The Londoner^® Macao. The Company also owns and operates Sands^® Macao on the Macao peninsula. The Company’s portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, the Londoner Theatre and the Sands Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

For more information, please visit www.sandschina.com.

Media contacts:

Corporate Communications, Sands China Ltd.
Mabel Wu
Tel: +853 8118 2268
Email: mabel.wu@sands.com.mo

Jesse Chiang
Tel: +853 8118 2054
Email: jesse.chiang@sands.com.mo

Representatives from 250 local SMEs attend Sands China’s Local SME Supplier Open Day Thursday at The Londoner Macao. This year, the event connects local SMEs, including Macao enterprises certified by the DSEDT Technology Enterprise Certification Program, with Sands China procurement representatives – thereby facilitating face-to-face conversations for the potential suppliers to learn about procurement opportunities in various Sands China departments.

Pedral Watches Launches “Watches & Art: The Best of Both Worlds”

By

Advertorial Desk

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April 17, 2025

A limited-edition capsule collection with Boris Pjanic and REM Scandinavian Watch Straps

STOCKHOLM, April 17, 2025 /PRNewswire/ — Pedral Watches is proud to unveil Watches & Art: The Best of Both Worlds—a rare, design-driven capsule collection that unites the precision of mechanical timekeeping with the expressive depth of contemporary art. This collaboration brings together Pedral Watches, artist and independent watch dealer Boris Pjanic, and the renowned artisanal leathermakers REM Straps.

At the centre of the collection are five unique dials, each derived from an original painting by Boris Pjanic. A respected name in the independent watch scene and a lifelong artist, Boris translates his brushstrokes into highly detailed, 3D-printed dial artworks—preserving texture, nuance, and emotion in sculptural form.

Each timepiece is housed in Pedral’s signature Artefact case, celebrated for its refined 39mm proportions and balanced silhouette. Paired with organically tanned, laser-etched leather straps by REM, each watch becomes a wearable expression of craftsmanship and creativity.

Technical upgrades include a Miyota Cal. 9039 automatic movement, regulated in-house to ±10 seconds/day, diamond-cut skeleton hands with heat-blued accents, and hand-applied indices. These enhancements elevate each piece, blending engineering excellence with artistic intent.

This edition is strictly limited—just 15 pieces per dial, each one individually numbered and unique. Early clients will receive a complimentary pair of bespoke REM straps. All watches come with a 1-year international warranty.

Launch Schedule
VIP Pre-Orders Open
Easter Sunday, April 20
08:00 — New York (EDT)
14:00 — London (BST)
20:00 — Hong Kong (HKT)

VIP Access Includes:

48-hour early ordering window for subscribers
Complimentary REM strap set for the first 25 clients
Priority delivery before public release

Public Sale Opens
April 22 at 16:01 CEST
Closes May 4 at 23:00 CEST — or when sold out

Specifications

3D-printed dials based on Boris Pjanic’s original paintings
In-house regulated Miyota Cal. 9039 automatic movement (±10s/day)
Diamond-cut skeleton hands with heat-blued accents
Hand-applied indices and individually numbered casebacks
39mm Stainless steel Artefact case with scratch-resistant coating (11mm thick, 47.5mm lug-to-lug)
Integrated 316L stainless steel bracelet with scratch-resistant coating (HV 1200)
- Fully articulating solid links
- Push-button clasp with on-the-fly micro-adjustment
Water resistance: 100 meters / 330 feet
Flat sapphire crystal with internal Super-AR coating
Screw-down crown
Laser-etched REM strap matched to each dial
1-year international warranty
Carefully packaged with refined essentials: a strap adapter, artisanal leather travel roll, soft polishing cloth, butterfly clasp, warranty card

The Collection

Boris Blue
A soothing tone inspired by Boris’ childhood on the Adriatic coast—fluid, nostalgic, and deeply personal.

Shining Bright Like a Diamond
Painted in a single spontaneous session, this dial glows with movement and colour, catching light like a gem.

Driving Home
Quiet and contemplative—rooted in 1990s memories of night drives and moments of reflection.

Geometry In Play
A dynamic composition balancing freedom and control. Shapes layered with playful, intentional rhythm.

Perpetual Autumn
A warm, symbolic meditation on memory and change. Textured, thoughtful, and richly emotional.

About Boris Pjanic

Boris Pjanic is an artist, collector, and independent watch dealer known for his expertise in vintage Rolex and bespoke dial creation. With a dual background in fine art and horology, he brings a rare perspective to this collaboration—fusing visual storytelling with mechanical beauty.

About Pedral Watches

Founded in Stockholm, Pedral Watches creates limited-run mechanical timepieces with a strong focus on design, storytelling, and individuality. Each release is a reflection of artistic identity, made to be worn, collected, and remembered.

About REM Scandinavian Watch Straps

REM Straps is a Swedish maker of handcrafted, organically tanned leather watch straps. Known for their refined aesthetics and attention to detail, they’ve collaborated with collectors, creatives, and respected platforms like Fratello Watches. For this collection, each strap is laser-etched and colour-matched to its dial—designed to echo the artwork it accompanies.

Press & Media Inquiries

Kevin Pedral
Founder, Pedral Watches
Kevin@pedral.watch
www.pedral.eu
Instagram: @pedralwatches

Boris Pjanic
Horological dreammaker
info@watchesandart.com
http://www.watchesandart.com/
Instagram: @watchesandart

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/pedral-design-studio-ab/r/pedral-watches-launches–watches—art–the-best-of-both-worlds-,c4137717

The following files are available for download:

https://mb.cision.com/Main/23725/4137717/3397288.pdf	Press release (PDF)
https://news.cision.com/pedral-design-studio-ab/i/watches-and-art—best-of-both-worlds-1,c3400502	Watches and Art – Best of Both Worlds 1
https://news.cision.com/pedral-design-studio-ab/i/gallery-dial-5,c3400501	Gallery dial 5
https://news.cision.com/pedral-design-studio-ab/i/dsc09470,c3400503	DSC09470
https://news.cision.com/pedral-design-studio-ab/i/dsc09464,c3400504	DSC09464

Infosys: Growth of 4.2% in CC, operating margin expansion of 0.5% in FY25

By

Advertorial Desk

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April 17, 2025

– Highest ever Free Cash Flow at $4.1 billion for FY25
– FY26 revenue guidance at 0%-3% and operating margin at 20%-22%

BENGALURU, India, April 17, 2025 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $19,277 million in FY25 revenues, growth of 4.2% in constant currency. Operating margin was at 21.1%, expansion of 0.5% year on year. Free cash flow was the highest ever at $4,088 million, an increase of 41.8% year on year. TCV of large deal wins was $11.6 billion for the year, with 56% net new.

Q4 revenues were $4,730 million, an increase of 4.8% year on year in constant currency and 3.6% in reported terms. Operating margin was at 21.0%, an increase of 0.9% year on year.

“We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation”, said Salil Parekh, CEO and MD. “Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients”, he added.

4.2% FY
4.8% Q4
YoY CC Growth

21.1% FY
21.0% Q4
Operating Margin
0.5% Increase in FY

8.3% FY
10.1% Q4
EPS Increase
(₹ terms)*

$11.6 Bn FY
$2.6 Bn Q4
Large Deal
TCV

$4.1 Bn FY
$0.9 Bn Q4
Free
Cash Flow

Guidance for FY26:

Revenue growth of 0%-3% in constant currency
Operating margin of 20%-22%

Key highlights:

For the quarter ended March 31, 2025

Revenues in CC terms grew by 4.8% YoY and declined by 3.5% QoQ

Reported revenues at $4,730 million, growth of 3.6% YoY

Operating margin at 21.0%, increase of 0.9% YoY and decline of 0.3% QoQ

Basic EPS at $0.20, decline of 15.2% YoY

FCF at $892 million, growth of 5.2% YoY;

FCF conversion at 109.6% of net profit

For the year ended March 31, 2025

Revenues in CC terms grew by 4.2% YoY

Reported revenues at $19,277 million, growth of 3.9% YoY

Operating margin at 21.1%, growth of 0.5% YoY

Basic EPS at $0.76, decline of 0.3% YoY

FCF at $4,088 million, growth of 41.8% YoY;

FCF conversion at 129.3% of net profit

“FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25,” said Jayesh Sanghrajka, CFO. The Board has proposed a final dividend of `22, which along with the interim dividend, is an increase of 13.2% over last year,” he added.

*EPS Increase post normalization of Income Tax refunds

1. Client wins & Testimonials

Infosys announced the expansion of its long-standing strategic collaboration with Citizens to Propel AI-led Transformation. Michael Ruttledge, Chief Information Officer, Citizens Financial Group, said, “Infosys has been a key strategic collaborator in Citizens’ next-gen transformation program for the last five years. Together, we have not only modernized our technology landscape with domain-centric, cloud native platforms but also built a foundation for future growth aligned with Citizens’ north star technology vision without losing focus on resiliency and stability.”
Infosys announced the expansion of its collaboration with Siemens AG to accelerate Siemens AG digital learning initiatives with generative AI. Jenny Lin, Global Head of Learning & Growth at Siemens AG, said, “A thriving learning and growth environment is essential for Siemens to maintain our competitive edge and foster innovation. By providing our people with the tools, resources, and support they need to continuously develop their skills, we empower our people to meet the challenges of the future. Infosys’ expertise in digital transformation and AI is very valuable in creating a more engaging and effective learning experience for everyone. By leveraging GenAI on Siemens’ digital learning platform we can foster a culture of lifelong learning and empower our teams to reach their full potential.”
Infosys announced a strategic, long-term collaboration with Lufthansa Group (LHG) and Lufthansa Systems GmbH (LSY) to accelerate digital transformation and drive innovation in the aviation industry. Thomas Wittmann – CEO, Lufthansa Systems, said, “At Lufthansa Systems, we champion a modular approach to solutions and collaborations, ensuring adaptability and tailoring to the unique needs of each airline. This principle extends perfectly to our collaboration with Infosys. By combining our deep aviation expertise with Infosys’s global technology prowess and establishing a dedicated Global Capability Center (GCC), we are not only enhancing our one-stop-shop offerings but also accelerating the pace of digital innovation across the aviation industry. This collaboration empowers us to deliver cutting-edge solutions with greater agility and scale, ultimately benefiting our airline customers with more efficient, innovative, and cost-effective technologies.”
Infosys announced a successful collaboration with LKQ Europe to adopt a unified, cloud-based digital platform to streamline its HR processes across 18 countries, leveraging Infosys Cobalt. David Brookfield, Vice President, Human Resources, LKQ Europe, said, “Our collaboration with Infosys is a crucial step in helping us harmonize and simplify our wider business processes – ultimately enabling faster delivery and better service for our end customers. Through the platform, we will unify our HR processes across locations to drive efficiency and enhance regulatory compliance. Looking ahead, we believe this platform will empower our workforce and foster a more cohesive organizational culture, enabling us to continue leading the automotive aftermarket industry.”
Infosys announced the launch of its open-source Responsible AI Toolkit designed to help enterprises innovate responsibly while addressing the challenges and risks associated with ethical AI adoption. Sunil Abraham, Public Policy Director – Data Economy and Emerging Tech, Meta, said, “We congratulate Infosys on launching an openly available Responsible AI Toolkit, which will contribute to advancing safe and responsible AI through open innovation. Open-source code and open datasets is essential to empower a broad spectrum of AI innovators, builders, and adopters with the information and tools needed to harness the advancements in ways that prioritize safety, diversity, economic opportunity and benefits to all.”
Infosys announced a strategic collaboration with Ontex Group N.V. to drive their ERP transformation. Jeroen Dejonckheere, VP Business Transformation, Ontex, said “We are excited to collaborate with Infosys on our business transformation journey for modernising our ERP systems to SAP S/4HANA. We also look forward to leveraging Infosys Topaz and embrace the power of AI for our enterprise growth. This will be a significant step forward for us to deliver exceptional experiences for our employees, suppliers, and customers.”

2. Recognitions & Awards

Brand

Recognized as one of the World’s Most Ethical Companies in 2025 for the fifth consecutive year by Ethisphere
Recognized as the Global Top Employer 2025 for the fifth consecutive year by the Top Employers Institute
Recognized as a Top 3 IT services brand and the fastest growing IT services brand globally in the Brand Finance Global 500 2025 report
Featured in 2025 LinkedIn’s Top Companies list in India, US, and Canada

AI and Cloud Services

Positioned as a leader in The Forrester Wave™: Application Modernization and Multicloud Managed Services, Q1 2025
Rated as a leader in IDC MarketScape: EMEA Industry Cloud Professional Services 2024-2025 Vendor Assessment
Recognized as leader in ISG Intelligent Automation – Services 2024 Provider lens™ study in US and Europe
Recognized as leader in ISG Advanced Analytics and AI Services 2024 Provider lens™ study in US and Europe
Recognized as leader in ISG Oracle Cloud and Technology Ecosystem 2024 Provider lens™ study in US, APAC and Europe

Key Digital Services

Positioned as a leader in The Forrester Wave™: Modern Application Development Services, Q1 2025
Rated as a leader in Custom Application Development Services PEAK Matrix® Assessment 2025 by Everest Group
Rated as a leader in Application Management Services PEAK Matrix® Assessment 2025 by Everest Group
Rated as a leader in SAP Business Application Services PEAK Matrix® Assessment 2025 by Everest Group
Rated as a leader in IDC MarketScape: Worldwide SAP Implementation Services 2025 Vendor Assessment
Rated as a leader in IDC MarketScape: Worldwide IIoT Engineering and Managed Services
Rated as a leader in IDC MarketScape: Worldwide IIoT Consulting and Integration Services
Recognized as a leader in HFS Horizons: Salesforce Services, 2025
Recognized as a leader in HFS Horizons: Generative Enterprise Services, 2025
Recognized as a leader in Cognitive & Self-Healing IT Infrastructure Management Solutions 2025 by NelsonHall
Positioned as a leader in Constellation ShortList^™: Cybersecurity Services
Positioned as a leader in Constellation ShortList™: Innovation Services and Engineering
Positioned as a leader in Constellation ShortList^™: Microsoft End-to-End Service Providers
Positioned as a leader in Constellation ShortList™: QA Tools for NextGen Apps
Recognized as leader in ISG Mainframe Services 2025 Provider lens™ study in US, Europe, and US Public Services
Positioned as a leader in CapioIT APAC Salesforce SI and Solutions Providers Ecosystem Capture Share Report, 2025

Industry & Solutions

Recognized as a leader in HFS Horizons: Telecom Service Providers, 2025
Recognized as a leader in Core Banking Services 2025 by NelsonHall
Recognized as leader in ISG Oil & Gas Industry – Services and Solutions 2024 Provider lens™ study in Europe and North America
Recognized as leader in ISG Healthcare Digital Services 2024 ISG Provider lens™ study in US
Recognized as leader in ISG Insurance Services 2024 Provider lens™ study in North America, ANZ and Europe
Recognized as leader in ISG Telecom, Media & Entertainment Industry Services 2024 Provider lens™ study in EMEA
Recognized as leader in ISG Manufacturing Industry Services 2024 Provider lens™ study in North America and Europe
Recognized as leader in ISG Sustainability and ESG 2024 Provider lens™ study in Australia, US and Europe
Recognized as leader in ISG Power & Utilities Services 2024 Provider lens™ study in North America, Europe and APAC
Infosys Finacle received the Technology & Innovation Award under the Best Solution for Trade & Supply Chain category at the TMI Awards for Innovation & Excellence – 2024
Infosys Finacle alongside its clients Newcastle Permanent (NP), Union Bank of Philippines, and Axis Bank received recognition at the Retail Banker International Asia Trailblazer Awards 2025 for Best Partnership for Customer Experience (with NP), Best Open Banking Initiative (with Union Bank of Philippines), and Best Strategic Partnership (with Axis Bank)
Infosys Finacle alongside its clients Zand Bank, Emirates NBD, Union Bank of Philippines, and Arab National Bank received recognition at the Global Business Magazine Winners 2025 for Best Digital-First Bank UAE 2025 (Zand Bank), Best Cloud-Based Core Banking Implementation Saudi Arabia 2025 (Emirates NBD), Best Customer Experience Innovation Philippines 2025 (Union Bank of Philippines), and Outstanding Digital Banking Transformation Saudi Arabia 2025 (Arab National Bank)
Infosys Finacle recognized as a leader in the 2025 Gartner^® Magic Quadrant™ for Retail Core Banking Systems, Europe
Infosys BPM received the SSON North America Impact Awards 2025 with T-Mobile in the ‘Customer Centricity’ category

Read more about our Awards & Recognitions here.

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. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, 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, our future financial or operating performance, the McCamish cybersecurity incident 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 or outcomes 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 the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of related litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https://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.

Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions)
	March 31, 2025	March 31, 2024
ASSETS
Current assets
Cash and cash equivalents	2,861	1,773
Current investments	1,460	1,548
Trade receivables	3,645	3,620
Unbilled revenue	1,503	1,531
Other current assets	1,890	2,250
Total current assets	11,359	10,722
Non-current assets
Property, plant and equipment and Right-of-use assets	2,235	2,323
Goodwill and other Intangible assets	1,505	1,042
Non-current investments	1,294	1,404
Unbilled revenue	261	213
Other non-current assets	765	819
Total non-current assets	6,060	5,801
Total assets	17,419	16,523
LIABILITIES AND EQUITY
Current liabilities
Trade payables	487	474
Unearned revenue	994	880
Employee benefit obligations	340	314
Other current liabilities and provisions	3,191	2,983
Total current liabilities	5,012	4,651
Non-current liabilities
Lease liabilities	675	767
Other non-current liabilities	477	500
Total non-current liabilities	1,152	1,267
Total liabilities	6,164	5,918
Total equity attributable to equity holders of the company	11,205	10,559
Non-controlling interests	50	46
Total equity	11,255	10,605
Total liabilities and equity	17,419	16,523

Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for
(Dollars in millions except per equity share data)

	3 months ended March 31, 2025	3 months ended March 31, 2024	3 months ended March 31, 2024	Year ended March 31, 2024

Revenues	4,730	4,564	19,277	18,562
Cost of sales	3,302	3,219	13,405	12,975
Gross profit	1,428	1,345	5,872	5,587
Operating expenses:
Selling and marketing expenses	226	209	898	842
Administrative expenses	210	219	903	911
Total operating expenses	436	428	1,801	1,753
Operating profit	992	917	4,071	3,834
Other income, net^{(3) (4)}	125	315	376	512
Profit before income taxes	1,117	1,232	4,447	4,346
Income tax expense ⁽⁴⁾	303	273	1,285	1,177
Net profit (before minority interest)	814	959	3,162	3,169
Net profit (after minority interest)	813	958	3,158	3,167
Basic EPS ($) ⁽⁴⁾	0.2	0.23	0.76	0.77
Diluted EPS ($) ⁽⁴⁾	0.2	0.23	0.76	0.76

NOTES:

The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and year ended March 31, 2025, which have been taken on record at the Board meeting held on April 17, 2025.
A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.
Other income is net of Finance Cost.
Includes interest income (pre-tax) of $38Mn with reversal of net tax provisions amounting to $12Mn in FY’25 and interest income (pre-tax) of $232Mn with reversal of net tax provisions amounting to $5Mn in FY’24 on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.01 for the quarter and year ended March 31, 2025 and $0.06 for the quarter and year ended March 31, 2024.
As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the year ended figures reported in this statement.

Arkieva Recognized as a Challenger in the 2025 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions

By

Advertorial Desk

-

April 17, 2025

WILMINGTON, Del., April 17, 2025 /PRNewswire/ — Arkieva, a leading provider of supply chain planning software and consulting, today announced that it has been positioned as a Challenger in the 2025 Gartner^® Magic Quadrant^™ for Supply Chain Planning Solutions. This marks the 10th consecutive time Arkieva has been included in this report.

In Arkieva’s view, placement as a Challenger reflects the company’s ability to support complex, global supply chains with a comprehensive planning platform that spans strategic, tactical and operational layers. The company supports midsize-to-large manufacturers, particularly in the chemical, food and beverage and consumer products industries to solve planning challenges across demand forecasting, inventory optimization, sales and operations planning (S&OP) and detailed scheduling.

“We believe being recognized as a Challenger in this year’s Magic Quadrant confirms what our customers experience every day: that our planning platform delivers measurable impact without unnecessary complexity,” said Sujit Singh, COO of Arkieva. “Our focus continues to be on enabling more proactive and agile planning decisions for real-world environments.”

“Arkieva continues to grow with our customers’ needs, with investment in AI, machine learning, automation and better algorithms to support faster decision cycles and better planning outcomes,” added Singh. “We’re honored to be recognized once again for our vision and execution.”

To access the 2025 Gartner Magic Quadrant for Supply Chain Planning Solutions, visit: https://www.gartner.com/en/documents/5374263.

About the report

Gartner, Magic Quadrant for Supply Chain Planning Solutions, By Pia Orup Lund, Joe Graham, Caleb Thomson, Shane Brett, Eva Dawkins, 14 April 2025

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

About Arkieva

For more than 30 years, Arkieva has helped global enterprises drive business transformation through improved supply chain processes. The company’s demand, inventory, supply and integrated business planning solutions increase growth and profits, and provide the agility and efficiency needed to respond to an ever-changing supply chain environment. Our approach combines strategic consultation, powerful software technologies and iterative implementation to deliver scalable solutions tailored to the complexities of each customer’s operations. Arkieva’s culture of innovation keeps customers like Linde, Messer and INEOS at the forefront of supply chain planning.

Arkieva is headquartered in Wilmington, Delaware USA with offices in Antwerp, Belgium and Mangalore, India. For more information, visit www.arkieva.com.

CONNECT WITH ARKIEVA

Arkieva Media Contact:

Kristan Theile
Director of Marketing, Arkieva
513-376-0300
ktheile@arkieva.com

LONGi maintains AAA ranking in Q1 2025 PV ModuleTech Bankability Ratings

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Advertorial Desk

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April 17, 2025

XI’AN, China, April 17, 2025 /PRNewswire/ — LONGi has announced the retention of its AAA rating in PV-Tech’s Q1 2025 PV ModuleTech bankability ratings, marking the company’s 21st consecutive quarter at this top tier and underscoring its long-term commitment to quality, innovation, financial stability and leadership in the photovoltaic industry.

LONGi maintains AAA ranking

The PV ModuleTech bankability ratings are derived from a thorough evaluation process that examines manufacturers across several critical dimensions, including value chain strength, production capacity, global shipment profiles, capital expenditure (capex), R&D investment and cash-flow management. LONGi’s consistent AAA status reflects not only its robust operational metrics but also its dedication to advancing solar technology.

Relying on its profound technology accumulation and advanced intelligent manufacturing advantages, LONGi has made continuous breakthroughs in HPBC technology and forward-looking R&D, and its products for utility and distributed scenarios have been implemented successively.

Since the launch of the new-generation BC products based on HPBC 2.0 in May 2024, LONGi has been winning large orders globally.

At the beginning of April, LONGi signed a 226MW Hi-MO 9 module supply agreement in Greece, which marks the largest BC utility project in Europe.

At the end of March, LONGi signed a Hi-MO X10 module supply framework agreement with a total capacity of 555MW with multiple EPC companies at the South Africa International Photovoltaic and Energy Storage Exhibition. The high-power generation per unit area and anti-shading features of the products have been highly recognized by African customers.

By the end of the first quarter of 2025, the global shipments of BC modules had exceeded 30GW, and the scale of reserved orders had exceeded 40GW.

With technological innovation as its mission, LONGi has been constantly improving the R&D of conversion efficiency in the crystalline silicon and crystalline silicon-perovskite tandem tracks. Up to now, it still holds the world records in these two major tracks.

On April 11th, LONGi announced at its Wuhu base in Anhui Province, China: Through the authoritative certification of the Institute for Solar Energy Research Hamelin (ISFH) in Germany, the photoelectric conversion efficiency of its independently developed Hybrid Interdigitated-Back-Contact (HIBC) crystalline silicon solar cell has reached 27.81%, pushing the exploration of the limits of monocrystalline silicon photovoltaic cells to a new height.

At the same time, LONGi independently developed a two-terminal crystalline silicon-perovskite tandem solar cell that has achieved a conversion efficiency of 34.85%, certified by the U.S. National Renewable Energy Laboratory (NREL), once again breaking the world record for crystalline silicon-perovskite tandem cell efficiency.

The 21 consecutive AAA ratings are not only a strong testament to LONGi’s reliability but also a footnote to LONGi’s consistent commitment to product quality, stable operation, and long-termism. In the future, LONGi will continue to enhance its technological strength and risk-resistance capabilities, and work hand in hand with global partners to create a better future.

LONGi maintains AAA ranking in Q1 2025 PV ModuleTech Bankability Ratings

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Advertorial Desk

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April 17, 2025