Infosys to Provide IT Services to BP
New five-year, group-wide strategic supplier agreement expands decade-long partnership
BANGALORE, India, Sept. 4, 2014 /CNW/ - Infosys, a global leader in consulting, technology and outsourcing solutions, today announced that it has been selected by BP to provide IT services, in particular Application Support and Development to BP. Infosys was chosen to support BP in running, enhancing and developing business applications and improving business IT processes across all key BP IT operations.
The agreement, which is effective September 1, 2014, will provide IT services (in particular Application Support and Development) across BP's operations, including corporate functions, upstream and downstream segments, energy trading and marketing. The agreement's geographical scope includes BP's main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore.
Central to these services, Infosys will also continue to invest in the Infosys Information Systems and Technology University. This academy provides training to Infosys engineers in industry knowledge, technology systems, BP processes and key applications.
Rajesh K. Murthy, Executive Vice President and Global Head, Energy, Communications and Services, Infosys, said:
"Winning this contract demonstrates how we have evolved as a supplier and continue to work collaboratively with BP across their range of activities."
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY), with US$8.25 billion in annual revenues and 160,000+ employees, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations 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 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 fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and on Form 6-K for the quarter ended June 30, 2014. These filings are available at http://http://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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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.
SOURCE InfosysFor further information: Asia Pacific, Sadaf Khan, Infosys, India, +91-80-4156-4971, Sadaf_Khan03@infosys.com; EMEA, Paul de Lara, Infosys, UK, +44-2075162748, Paul_deLara@infosys.com; Americas, Tara Kozak-Lindsay GolinHarris for Infosys, USA, +1-212-373-6020, tkozaklindsay@GolinHarris.com