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Shaping the future of software driven business
Consolidated Financials •
237
Notes forming part of consolidated financial statements (Contd.)
25. Revenue from operations (net)
For the year ended
March 31, 2019
In
`
Million
March 31, 2018
In
`
Million
Software services
32,169.39
29,440.60
Software licenses
1,490.02
896.43
33,659.41
30,337.03
The table below presents disaggregated revenues from contracts with customers by segments, geography and customers’
industry type. The Group believes that this disaggregation best depicts how the nature, amount, timing and uncertainty of our
revenues and cash flows are affected by industry, market and other economic factors.
For the year ended
March 31, 2019
In
`
Million
March 31, 2018
In
`
Million
Segment wise disclosure
Technology Services
22,018.03
19,371.11
Alliance
9,759.92
8,725.06
Accelerite (Products)
1,881.46
2,240.86
Total
33,659.41
30,337.03
Geographical disclosure
India
2,349.29
1,910.67
North America
27,507.46
25,336.90
Rest of the World
3,802.66
3,089.46
Total
33,659.41
30,337.03
Customers' Industry wise disclosure
ISV
13,403.64
12,269.48
Enterprise
11,868.44
10,300.03
IP Led
8,387.33
7,767.52
Total
33,659.41
30,337.03
While disclosing the aggregate amount of transaction price yet to be recognised as revenue towards unsatisfied (or partially)
satisfied performance obligations, along with the broad time band for the expected time to recognize those revenues, the
Group has applied the practical expedient in Ind AS 115. Accordingly, the Group has not disclosed the aggregate transaction
price allocated to unsatisfied (or partially satisfied) performance obligations which pertain to contracts where revenue
recognised corresponds to the value transferred to customer typically involving time and material, outcome based and event
based contracts.
Unsatisfied (or partially satisfied) performance obligations are subject to variability due to several factors such as terminations,
changes in scope of contracts, periodic revalidations of the estimates, economic factors (changes in currency rates, tax laws
etc). The aggregate value of transaction price allocated to unsatisfied (or partially satisfied) performance obligations is
`
3,340.23 million out of which 96.2% is expected to be recognised as revenue in the next year and the balance thereafter. No
consideration from contracts with customers is excluded from the amount mentioned above.
Changes in contract assets (unbilled revenue) are as follows:
Particulars
In
`
Million
Balance at the beginning of the year
1,699.50
Revenue recognised during the year
14,197.89
Invoices raised during the year
(14,135.67)
Exchange difference
73.04
Balance at the end of the year
1,834.76