BANGALORE: Infosys Technologies Ltd has voluntarily furnished eXtensible Business Reporting Language (XBRL) data to the United States Securities and Exchange Commission (SEC) electronically in a 6-K exhibit. Infosys is participating in SEC's new Voluntary Program for Reporting Financial Information on EDGAR Using XBRL.
XBRL is an XML (Extensible Markup Language) based information format for business reporting that provides a methodology for companies to tag (or "mark-up") financial documents. As data is standardized in the XBRL format, it can be used to make "apples-to-apples" financial comparisons.
"Infosys is to be commended for its participation in the SEC's XBRL Voluntary Financial Reporting Program. The XBRL format enables investors to more effectively consume and analyze information in financial reports, providing enhanced report transparency and greater clarity in communications," said XBRL International founding chairman and PricewaterhouseCoopers partner Mike Willis.
Pursuant to the SEC's current rule, XBRL documents submitted in the voluntary program are supplemental submissions and do not replace the required HTML or ASCII version of the financial information they contain. Volunteers must continue to file their official EDGAR filings.
Infosys furnishes data to SEC
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