Global technology services and consulting leader to ring NYSE Opening Bell® to mark the milestone
NEW YORK CITY, Dec. 18, 2017 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, will ring the Opening Bell® at the New York Stock Exchange (NYSE) on December 20, 2017 to celebrate its fifth anniversary of being listed on the exchange. To commemorate this anniversary, Mr. Pravin Rao, Interim Chief Executive Officer & Managing Director and Mr. MD Ranganath, Chief Financial Officer along with other Infosys team members, will ring the New York Stock Exchange Opening Bell®.
"We are thrilled to ring the Opening Bell® at the NYSE as it's a very exciting time for our employees, customers and partners as we celebrate the fifth year of being listed on the NYSE. This occasion is especially significant for us as we strengthen our presence in the U.S. with our commitment to hire 10,000 American workers and set up Technology and Innovation hubs across the country," said Mr. Rao - Interim CEO and Managing Director.
"As a company with a large base of global shareholders, we are happy with the healthy liquidity provided by our listing on NYSE. This event is yet another key milestone in our fruitful journey of nearly two decades of listing and trading of our ADRs in the United States," said Mr. MD Ranganath - Chief Financial Officer.
"We are honored to have Infosys ring the NYSE Opening Bell®," said John Tuttle, NYSE Global Head of Listings. "As one of India's leading technology companies, Infosys has been a great addition to our community of globally recognized companies, and we look forward to continuing our long-term partnership together."
For more than three decades, Infosys has helped companies in the U.S. and around the world become more competitive, faster to market and more innovative with technology. It has more than 198,000 employees servicing clients in 45 countries.
In the U.S., Infosys has announced plans to hire 10,000 American workers over the next two years, and operate four new U.S. technology centers. Through a partnership with Stanford University, Infosys has trained more than 140,000 of its employees globally, including thousands in the U.S., on design thinking, and the company is working with Udacity to train 500 employees worldwide on autonomous technologies.
Infosys is also committed to bridging the digital divide in America through the Infosys Foundation USA, which supports high-quality computer science education and coding skills with a particular focus on underrepresented communities. So far, Infosys Foundation USA has helped more than 13,000 teachers obtain computer science training through its $10 million investment in partnership grants since 2015. More than 4.7 million students across more than 21,000 schools in the U.S. have benefitted from a variety of Foundation grants and resources such as new classroom technology, teaching aids, and makerspaces.
The Opening Bell® ceremony will be broadcasted via livestream at https://livestream.com/NYSE at 9:30 a.m. EST (8:00 p.m IST) on December 20. A link of the same will also be available on Infosys' Investor Relations webpage
About Infosys Ltd
Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of over 200,000 innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
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, 2017. 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. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.