Report Cites Infosys as "a new Leader in the Making" With Renewed Focus on Innovation and Automation
BANGALORE, July 8, 2015 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, has been inducted into the 'Winner's Circle' in the inaugural Engineering Services Blueprint report by leading analyst firm HfS Research. Companies that demonstrate excellence in execution and innovation are placed in the 'Winner's Circle' by HfS.
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The report commended Infosys for exhibiting a high level of strategic vision, innovation-led thinking, and strong client relationships. Infosys has been listed among the leaders in key verticals, including automotive, aerospace and defense, telecom and hi-tech as well as in medical devices and industrial equipment.
- HfS commends Infosys for its depth of client experiences and capabilities across engineering services in all verticals.
- The report refers to over 80 Infosys case studies and customer references, which rate the company highly on agility and delivery.
- It references Infosys' articulation of a powerful vision for technology-led innovation at the intersection of physical and digital worlds, with its engineering services right at the center of it. Expertise in composites, artificial intelligence and neural networks was highlighted.
- Knowledge-based engineering (KBE), the process of capturing knowledge created in the product development process, is reported as an Infosys strength.
Sudip Singh, Senior Vice President and Global Head, Engineering Services, Infosys:
"Being inducted into the 'Winner's Circle' underlines our tremendous focus on engineering services. The nature of our work demands that we combine incredible engineering skills with insight to help our clients find and solve their daunting business challenges. We then co-create solutions with them at the intersection of the physical and the digital worlds."
Pareekh Jain, Research Director, HfS Research:
"Using the Engineering Services Blueprint, HfS rigorously evaluated leading service providers on their engineering capabilities. Infosys is a new leader in the making, thanks to innovation and an automation push from its leadership."
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 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$ 8.7 billion in annual revenues and 176,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
Certain statements in this press 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 our Forms 6-K for the quarters ended June 30, 2014, September 30, 2014 and December 31, 2014. These filings are available at 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. 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.
For further information: Asia Pacific: Sarah Gideon, Infosys, India, +91 80 4156 3373, Sarah_Gideon@infosys.com; EMEA: Paul de Lara, Infosys, UK, +44 2075162748, Paul_deLara@infosys.com; Americas: Cristin Balog, Infosys, USA, +1 (650) 320 4126, Cristin_Balog@infosys.com