Exhibit 99.3 Form of Release to Stock Exchanges Infosys Limited Regd. office: Electronics City, Hosur Road, Bengaluru 560 100, India CIN : L85110KA1981PLC013115 Website: www.infosys.com email: investors@infosys.com T: 91 80 2852 0261, F: 91 80 2852 0362 Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2023 prepared in compliance with the Indian Accounting Standards (Ind-AS) | | | | (in | | crore, except per equity share data) ...

Kawaljeet Saluja Operator Thank you. The next question is from the line of Yogesh Aggarwal from HSBC. Please go ahead. Operator Apurva, does that answer your question? Apurva Prasad Yes. Thanks. Operator Thank you. The next question is from the line of Kumar Rakesh from BNP Paribas. Please go ahead. Kumar Rakesh Hi. Good evening. Thank you for taking my question. My first question was more of a clarification. So can you just confirm the process of deciding the revenue growth guidance? Is it the same, which ...

Revenue Sources and Client Dependence - In fiscal 2023, 61.8%, 25.7%, and 9.9% of the company's revenues were derived from North America, Europe, and the rest of the world, respectively[35]. - The financial services and insurance industry accounted for 29.8% of the company's revenues in fiscal 2023[35]. - The company relies on a limited number of major clients, and the loss of any significant client could significantly impact its business[19]. - In fiscal 2023, the five largest clients accounted for 12.7% of total revenues, while the ten largest clients accounted for 20.2%[44]. - Client contracts can be terminated with zero to 90 days' notice, impacting revenue and profitability, especially during economic downturns[109]. Economic and Market Risks - The company faces risks related to economic slowdowns, which may adversely impact its revenues and profitability due to reduced client spending on technology services[36]. - Geopolitical conflicts and macroeconomic uncertainties have led to increased consumer and wage inflation, impacting the company's clients and potentially reducing demand for its services[33]. - The company is vulnerable to fluctuations in IT spending by clients, which can be influenced by economic conditions and regulatory changes[30]. - Financial stability of clients may be affected by demand and supply challenges, currency fluctuations, and geopolitical conflicts, impacting the ability to recover fees[46]. - Economic uncertainties may lead clients to reduce business, negatively impacting profitability if fixed costs cannot be adjusted accordingly[75]. Operational and Infrastructure Investments - The company is investing substantially in physical and technological infrastructure, which could affect profitability if business growth does not keep pace[25]. - As of March 31, 2023, the company had contractual commitments of $117 million for capital expenditures related to facility expansions[88]. - The company is investing in the development of new facilities, including in Tier 2 cities across India, to support a hybrid working model[88]. - The total employee count grew from 228,123 to 343,234 between March 31, 2019, and March 31, 2023, representing a compounded annualized growth rate of 10.8%[79]. Competitive Landscape - The technology services market is highly competitive, with significant competition from large global consulting firms and niche service providers[53]. - Clients increasingly influence technology-related buying decisions, which may impact revenue if the company fails to establish relationships with new buying centers[52]. - Existing and new clients are increasingly using third-party consultants to negotiate terms, which may impact pricing and revenue[55]. Contractual and Performance Risks - The company faces risks associated with fixed-price, fixed-timeframe contracts, which may lead to lower profits or losses if project estimates are inaccurate[108]. - Performance-based contracts may result in lower revenues if the company fails to meet defined performance goals, leading to unbilled efforts and potential penalties[111]. - Benchmarking provisions in long-term contracts could force the company to reduce service prices or allow clients to terminate contracts without fees, adversely affecting revenues[114]. Talent and Workforce Challenges - The company is facing increased wage pressures due to competition for talent, which may negatively affect profitability[84]. - The transition to a hybrid working model has increased operational risks, including difficulties in hiring and training employees effectively[118]. - The company experienced a significant shortage of IT talent, which could adversely affect its ability to serve clients in key markets including the Americas, Europe, and APAC[163]. Regulatory and Compliance Risks - The company is subject to evolving laws and regulations, which could increase compliance costs and create uncertainty in its operations[165]. - The company may encounter difficulties in attracting and retaining qualified Board members and executive officers due to increased personal liability risks associated with regulatory compliance[170]. - The company faces risks related to intellectual property rights, including potential claims from third parties that could disrupt operations and increase costs[171]. Cybersecurity and Data Privacy - Cybersecurity threats are heightened due to the hybrid work model, increasing the risk of data breaches and potential reputational damage[126]. - The company has implemented a Privacy Information Management System (PIMS) framework to manage data privacy risks, but remains at risk of data breaches that could adversely impact financial results and reputation[136]. - The company recognizes the potential for increased data privacy incidents due to its hybrid working model and evolving regulations[135]. Environmental and Social Governance - Climate change poses strategic, physical, and regulatory risks that could impact the company's operations, reputation, and profitability[151]. - The company is committed to its Environmental, Social and Governance (ESG) 2030 vision, and failure to meet these goals could adversely affect its reputation and access to capital[159]. Financial and Tax Considerations - The company’s tax incentives from operating in Special Economic Zones (SEZ) resulted in a decrease in income tax expense of $362 million, $395 million, and $346 million for fiscal years 2023, 2022, and 2021 respectively[181]. - Changes in Indian tax policies, including the increase of withholding tax on payments to non-residents for royalties and technical services from 10% to 20%, may increase operational costs[186]. - The European Union has adopted a 15% global minimum tax rate as part of the OECD Pillar Two Blueprint, which may impact the company's tax costs[191]. Shareholder and Market Risks - The premium on the company's American Depositary Shares (ADSs) compared to underlying equity shares has significantly narrowed, affecting liquidity and pricing[199][200]. - Sales of substantial amounts of equity shares by insiders could adversely affect market prices and the company's ability to raise capital[201]. - Fluctuations in the exchange rate between the Indian rupee and the U.S. dollar may negatively impact the dollar value of dividends declared[202][203].

Infosys Limited (NYSE:INFY) Q4 2023 Earnings Conference Call April 13, 2023 8:30 AM ET Company Participants Sandeep Mahindroo - Investor Relations Salil Parekh - Chief Executive Officer and Managing Director Nilanjan Roy - Chief Financial Officer Conference Call Participants Yogesh Aggarwal - HSBC Bryan Bergin - TD Cowen Ankur Rudra - JPMorgan Kawaljeet Saluja - Kotak Institutional Equities Pankaj Kapoor - CLSA Abhishek Bhandari - Nomura Ashwin Mehta - AMBIT Capital Pvt Ltd Gaurav Rateria - Morgan Stanle ...

Exhibit 99.7 IFRS USD Earning Release INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF INFOSYS LIMITED Report on the Audit of the Interim Condensed Consolidated Financial Statements Opinion We have audited the accompanying Interim condensed consolidated financial statements of INFOSYS LIMITED (the "Company") and its subsidiaries (the Company and its subsidiaries together referred to as the "Group"), which comprise the Condensed Consolidated Balance Sheet as at June 30, 2022, the Condensed Consolida ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 Date of event requiring this shell company report________ Commission File Number 001-35754 INFOSYS LIMITED OR ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2022 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Ac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 OR ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2021 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to _________ OR ☐ Shell Company Report pursuant to Sect ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 OR ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2020 OR OR ☐ Shell Company Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of event requiring this shell company report________ Commission File Number 001-35754 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 OR ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2019 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to _________ OR ☐ Shell Company Report pursuant to Sect ...