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from communication service providers (CSPs) to digital service providers (DSPs). They draw attention to simplified portfolios, improved customer experiences, a shift to digital channels, and higher NPS as evidence of success.<|endoftext|>However, when comparing financial performance over the last decade, the telecoms sector falls far short, as compared to the ‘double-digit’ compound growth rates of hyperscalers, OTT players, and software-as-a-service (SAAS) platform disrupters. New operating model | © 2023 Infosys Consulting 10
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The case for change and the future of telco The telecom industry’s earlier period of stellar growth depended on three factors: 1. The competitive advantage of owning the underlying network. 2. Regional presence, and cultural affinity with their target customers.<|endoftext|>3. Underserved generation of customers, with limited competition.<|endoftext|>Today, it’s a very different story, as next-generation customers continue to shift spend and loyalty to whichever brand provides the most utility, experience, and value. On the other hand, research shows that customers are ready and willing to let telecom providers help them in many other areas of their life. Many of these aren’t small, insignificant areas, nor is this list exhaustive. These are large addressable markets, with many use cases, and potential partners. So, why is it proving so difficult? Existing telco products infiltrate deeply into customer’s lives, both work and play. The largest operators have massive customer and business scale, an existing platform for billing, and service management. They also have a real-time stream of interaction, content, and location data to mine for opportunities and enable personalization of any service launched.<|endoftext|>But, when it comes to building new businesses, telecom operators have historically struggled to scale adjacent business opportunities. A 2021 survey of telco CXOs highlighted corporate culture as the overarching problem, with any new business hampered by: • Cumbersome corporate processes • A lack of buy-in from senior management • And pressure for short-term results in a business where legacy network-margins create an inertia to take risks Telcos now find themselves at a crossroads. For the next decade, they can either tweak their business and operating models to achieve incremental gains or make the bold choice to reinvent their value-creation formula across a larger set of use cases, and, if possible, over a larger addressable market.<|endoftext|>New operating model | © 2023 Infosys Consulting 11
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The future: An ‘ecosystem orchestrator’ and platform partner The more complex something becomes, the more important it is to simplify. Revenues flow to those who simplify “the new”. It goes to those who are able to reduce the friction of buying and using by guiding customers through each stage of their journey – from first recognizing a need to becoming wedded to a service. Hyperscalers, OTT, and SAAS players have operated on the edge of this curve for the last 10 years, delivering great value to shareholders. We believe that the next generation of telco must emulate these traits and embark on an ambitious organizational transformation: New operating model | © 2023 Infosys Consulting 12 Telecom companies need to become the first point of contact for customers when they want innovation, education, and excellence across a much wider set of use cases. This will require a significant shift in organizational brain, muscle, and talent.<|endoftext|>1. Partner with a broader set of successful growth companies Leverage and combine the strengths of other partners – many outside the established telco ecosystem. At the same time, organizations should sprinkle their own differentiation and creativity into each of the combined solutions they market. Such partnerships provide the manpower, experience, and laser-focus needed to succeed at a task that would otherwise be impossible to execute alone.<|endoftext|>2. Adopt and emulate a SAAS-centric growth playbook Transform how you develop and sell products, and the way your people and digital platforms engage with customers at every stage of the lifecycle. This means continually scanning and embedding the most successful SAAS strategies and tactics into your operating model.<|endoftext|>3. Transform into an ‘orchestrator of value’ in the connectivity ecosystem In other words, build the capabilities to operate above this layer of software, service partners, and global networks. This will require developing into a bi-modal enterprise – one which knows both when it’s best to ‘own’ the relationship with the customer, and when it’s not, focusing on making partners successful instead.<|endoftext|>4. Optimize the use of customer and partner data...<|endoftext|>…to target, personalize, and deliver a broader set of value-add services for customers. Forget “quad-play” and 30+ segments, the future is ‘mega-play’ to every single unique customer. To achieve this, telcos need to build a scalable, partner-curated set of products and services. They also need to hyper-personalize the offer and the delivery into the hands/devices of every individual, household, and community. 5. Consciously reconstruct the enterprise into a use case driven organization This should be equipped with a lean core which provides the scalable, personalized digital platform and rich database on which to build out their business. At the same time, it should free the outer ring to aggressively chase products and service-markets which fit within their curated partner ecosystem.<|endoftext|>
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In recent years, we’ve seen more and more evidence that telcos can successfully incubate new products and services, achieving healthy top line growth and M&A activity around these new service models and business units.<|endoftext|>The future is already being created 13 New operating model | © 2023 Infosys Consulting
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Opportunity ahead: Telco for good Emboldened by this success, we believe that the telecoms industry is now entering a new phase of transformation: From DSP to ecosystem orchestrators. As such, there’ll be a wave of new products, service models, and partnerships across the entire ecosystem, fueled by broader societal change. This is just the beginning. Connectivity is the central nervous system of our society. Industries will experience unprecedented technological change in the next 10 years, as AI, 5G, Blockchain, AR/VR, Web3, and a convergence of far-reaching technologies take hold and reshape the way we all live and work. Market success for the telecom industry will rely on many factors, including the five areas of transformation mentioned earlier in the article. Not forgetting, attracting, and retaining the right partnerships and talent to transform, unencumbered by the past. 14 New operating model | © 2023 Infosys Consulting
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TELECOMS: WHY TALENT IS THE NEXT FRONTIER FOR COMPETITIVE ADVANTAGE Talent for competitive advantage | © 2023 Infosys Consulting The fundamental shift in the telecoms industry from being communication service providers (CSPs) to becoming ecosystem orchestrators presents an interesting challenge to CHROs. It requires them to innovate and drive a future-fit HR strategy, acting as key enablers to successful business evolution and growth. The ever-changing digital economy and unprecedented levels of disruption have made it imperative for telecom companies to transform. HR has a critical role to play here, empowering telcos to deliver the overall vision through people. Empower growth through talented people Recent Gartner research shows that the workforce is one of the Top 3 priorities for CEOs in 2023. In fact, 50% of HR leaders expect increased talent competition over the next six months and 46% anticipate attrition will remain high for in-demand roles in 2023.<|endoftext|>The shift to becoming ecosystem orchestrators, the need to adopt an ‘AI first’ vision, and the drive to maximize B2B market potential have set new skills requirements for the future of telco. The industry is becoming increasingly attractive to top talent who would like to work for businesses that foster innovation and digital excellence. However, there is a shortage of talent and strong market competition for critical future skills and subject matter expertise. This raises the bar higher for HR leaders to re-imagine the employee value proposition (EVP) and the end-to-end employee experience. They need to effectively find new ways to attract and retain talent and harness future skills, while helping facilitate business changes. As such, it’s essential for HR to evolve towards delivering advanced capabilities and enhanced AI-enabled digital experiences. 16
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1. Human-centered employee value proposition In the post-pandemic world of work, there’s been a strong shift towards ‘human-centered’ EVP and culture, and flexible working arrangements. People are now seeking to gain emotional value in their employment, which means to feel understood, cared for, invested in, empowered, and valued. Alongside commitments for sustainability, net-zero ambitions, and aspirations for green operations, employees need to feel that the purpose of the organization they work for resonates with them. Telcos are uniquely challenged and positioned to focus on sustainable growth and minimize their carbon footprint. Digitization, 5G, Internet of Things (IoT), and cloud computing are key to achieving these ambitions, and the industry has been making significant steps to reduce the impact on the environment. In addition, the strong business focus on diversity, equity, and inclusion is allowing companies to harness the power of diverse talent and unleash creativity. For example, tackling the challenge of social mobility or providing reasonable adjustments to people with disabilities will expand talent pools and further strengthen the employer brand.<|endoftext|>Such a strong value proposition can go a long way in retaining employees, thereby addressing some of the industry’s high attrition rates while also reducing the costs to recruit – key challenges impacting the bottom lines for most telcos today. 2. Employee experience and digital excellence in HR In recent years, employee experience has been at the forefront of HR priorities and continues to be critical for winning the competition for talent. For telecom companies, customer experience is at the heart of the business. As such, they utilize ongoing transformation activities which focus on truly personalizing the experience and leveraging AI insights in real-time to address fundamental needs. The same approach is to be consistently applied when re-imagining the employee experience and driving digital excellence in HR. 17 Talent for competitive advantage | © 2023 Infosys Consulting
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18 Talent for competitive advantage | © 2023 Infosys Consulting DIGITAL Digitizing workforce products to exceed employee expectations and improve productivity by utilizing human-centered design methodologies and best-in-class technology. EMOTIONAL Placing employee listening at the core, gaining insights to provide employees with a meaningful purpose to work. Whilst, at the same time, actively promoting a cohesive emotional environment that considers mental health and wellbeing. PHYSICAL Recognizing unique working styles and collaboration demands to promote productivity and innovation. And transforming office buildings to smart and connected environments primed for hybrid working. Providing efficient, seamless, and appealing experiences across the employee lifecycle and the significant employee moments are key differentiators from competitors.<|endoftext|>The three pillars of successful employee experience strategy are: Digital, emotional, and physical.<|endoftext|>3. Skills and capabilities for the future To support the strategic business agenda for growth, HR leaders in the telecom industry have been building foundations to define critical future skills, assess potential gaps, and develop strategies to effectively address the talent shortages across new skills in demand. The adoption of new AI-powered technologies has been a critical lever to accelerate the skills transformation, leverage both external and internal talent pools, and develop in-house future-fit skills and capabilities by re- and up-skilling the existing workforce. AI-driven talent marketplaces help embrace agile talent mobility, breaking down barriers to internal moves and career progression. AI-assisted learning provides consumer-grade personalized learning experiences, while targeting organizational skills gaps. It also helps employees discover new learning opportunities that support career progression whilst helping build internal talent pipelines.<|endoftext|>The in-house training capabilities, targeted talent pools, and ongoing lifelong learning opportunities optimize the re- and up-skilling process. As such, it saves money in the long- term and futureproofs both people and companies.
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4. Smart AI can empower and complement frontline workers Whether it’s a technician on their way to a customer or a call center rep dealing with a complaint, there are many factors that AI can help telcos track and streamline to improve employee wellbeing. These smart tools use AI and machine learning to improve shift allocation, optimally determining who is needed when and for how long. This makes work flexible and fits into today’s desired hybrid working model, as well as adjusting staff misalignment in real-time. It can also identify what caused delays, helping telcos keep their customers promptly informed and implement required steps for improvement. In addition, AI-based smart coaching can provide training pre- and post-work, creating daily and weekly team reports for training and recognition. Such systems have improved workforce management by 90%, reducing complaints and creating an agile and encouraging work environment. The future of smart AI in the telco space is immense and has the potential to significantly enrich frontline workers and drive operational efficiencies for those that embrace emerging tech opportunities to the fullest.<|endoftext|>19 Talent for competitive advantage | © 2023 Infosys Consulting
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Key takeaways The telecoms industry is on a disruptive and creative growth trajectory, and CHROs have the leading role to empower the transformation by focusing on the following strategic areas: • Foster consumer-grade employee experience and well-being, and support diverse workforce • Become an employer of choice and magnet for critical talent • Ensure availability of future-fit skills and develop strong internal talent pools • Digitize HR and adopt agile ways of working • Facilitate change and help shape the right business operating model We believe that the human element is the true differentiator for success. By drawing employees together to tackle problems in new ways, it’s possible to transform organizations from the inside out, creating tangible change for a more sustainable future. 20 Talent for competitive advantage | © 2023 Infosys Consulting
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GETTING VALUE FROM AI&A IN THE TELECOM INDUSTRY In this series we’ve already mentioned the difficulties the telecom industry has had in remaining competitive. We explained how historic poor customer service, complex business operations, and financial pressure have negatively impacted the industry’s ability to compete. This is especially true when looking at the track record of communication service providers (CSPs) in comparison with hyperscalers and over-the-top providers who excel in the experience they offer. The good news is that Artificial Intelligence and Automation (AI&A) can play a significant role in helping telcos gain the competitive edge they’ve been seeking. This is something that many telecom companies have already understood, as the global AI market size in the industry is projected to reach 14.9 billion US dollars by 2027. The problem is investing for investment’s sake, risking a poor return on investment (ROI) and losing the competitive potential AI&A opportunities promise. So how can CSPs invest wisely to best utilize AI&A for future growth? How can AI&A improve CSP operations? Before answering how best to invest, it’s important to understand how AI&A can help telcos overcome the challenges they currently face. There are four key opportunity areas where AI&A can be applied: 1. Digital customer engagement: AI&A can improve the customer experience through direct engagement, e.g., chat. It can also drive hyper-personalization, targeting each customer directly and effectively. 2. Network transformation: Network operations and AIOps can be optimized from process automation, machine learning, and reasoning to zero-touch predictive maintenance/self- healing. These technologies can also support network rollout and field force optimization. 3. Lean telco operations: Multiple AI&A use cases can be used in lead-to-cash and service assurance. Business and operations support systems (BSS/OSS), as well as supply chain management can also be augmented. 4. Revenue growth: B2B services are optimized due to real-time data insights and other advanced technologies. Overall, sales and services are also optimized.<|endoftext|>22 Value from AI&A | © 2023 Infosys Consulting
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Clearly, each opportunity area presents many applications for AI&A, but where does a CSP place its bets? There are several factors that make this tricky.<|endoftext|>On the one hand, most CSP value streams will yield benefits – for example, both customer- facing lead-to-cash and operational record-to-analyze offer happy hunting grounds. Within each value stream there are a range of addressable opportunities, both straightforward and complex with differing ROIs, from simple data entry to complex back-office virtual agents. On the other hand, a wide variety of new and established technologies are |
Continue # Infosys POV
crowding the market, which can be applied individually or in concert. For example, workflow, decision management, and robotic process automation, through to emerging Generative AI. Moreover, stakeholders have differing levels of enthusiasm ranging from outright resistance and box ticking to strong advocates – possibly depending on certain technology types or vendors. This makes it difficult for CSPs to understand which technologies would best suit their operations and business goals.<|endoftext|>AI&A maturity and governance models also abound, often themselves siloed, and which are required to contend with new ethical AI regulation. Some applications of AI may seem appealing but expose the enterprise to risks like recruiting or the management of critical network infrastructure. The benefits that some of these technologies provide will only be felt in the long-term. For instance, curating quality data is essential to most higher value AI use cases but can be highly complex, taking years. Finally, acquiring, developing, and retaining AI skills will remain challenging for the foreseeable future. Finding the right North Star, organization, and roles to help identify, rollout and operate AI&A is also a challenge.<|endoftext|>It’s therefore hard to have visibility and make informed decisions. Investment can be applied in an ad hoc fashion, the easy opportunities missed or held up, and the more difficult but interesting overserved. By over-strategizing and governing, you can risk accumulating high overheads, with local enthusiasm and innovation stifled. Too little planning and control leads to losing precious budget and focusing on a plethora of local initiatives and technologies, driven by the enthusiastic, with unknown returns. Why is it difficult to know how best to invest? 23 Value from AI&A | © 2023 Infosys Consulting
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CSPs can start to improve their ROI by focusing on the following areas: Where do CSPs spend to get the most return on investment? 1. Make an inventory of your investments by value stream Depending on the model used (e.g., TM Forum, APQC) there are around 25-30 value streams in a CSP, more if separated by market segments. Most should see a measure of investment, however, attention should be focused on business-critical value streams where AI&A can add most value. CSP strategies vary but most customer-facing value streams such as lead-to-cash should be high-focus, as well as key operational areas such as service and network planning, assurance, and lifecycle management. Opinions on relative levels of investment may also vary, but there should be visibility and direction. Targeted improvements to value stream business outcomes in the form of business critical KPIs can provide achievable North Stars for programs. 24 Value from AI&A | © 2023 Infosys Consulting
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2. Use a range of technology There’s no single killer technology, each macro pain point will have a subset of AI&A technologies that can be considered. If potential is being address, the organization should see: • A range of simple to complex challenges being addressed across most value streams • The highest business impact from the biggest investment in the value stream • A range of established and new technologies being used 25 Value from AI&A | © 2023 Infosys Consulting 3. Check pain points In CSPs, each value stream has relatively well-known macro pain points where AI&A can be applied, some straightforward – e.g., automation of swivel chair data entry between and within BSS and OSS systems – others higher value but more complex to address. The latter include recommending an optimum price point or guiding back-office staff through labyrinthian business rules for complex B2B products.
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4. Direct the investment Taking this AI&A portfolio view can provide a framework to direct investment to the most appropriate areas for a CSP in the early stages of exploiting AI&A, or to augment more mature strategies and governance. To do this successfully, ask yourself the following questions: 26 Value from AI&A | © 2023 Infosys Consulting If AI&A is being exploited well, then a CSP should expect to see initiatives in certain areas, as well as a range of tactical and strategic endeavors. For example, in lead-to-cash a range of investments should be seen across all areas of the value stream.<|endoftext|>Are we addressing the low hanging fruit? Is investment being skewed toward an area where the enthusiasts are, as opposed to where most value can be gained? Are we avoiding the difficult areas that are strategically important? Are we ignoring certain technology types, or applying others where there are better options? Are we chasing too many fads or ignoring great innovations?
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27 Value from AI&A | © 2023 Infosys Consulting This can also be further developed to construct an end-to-end view of AI&A initiatives and their aggregated impacts on a value stream performance. This then raises further questions: Are initiatives creating siloed improvements but not impacting key end- to-end metrics, or are the overall impacts unknown? Has the aggregated customer and employee experience been considered to create value? Are we consolidating efforts (data, process, tools) at least within or across related value streams e.g., lead-to-cash, request-to-change, service assurance? What is the balance between creating quality data architectures vs. speed of execution and business benefit, especially for ‘low hanging fruit’? CSPs should expect their internal capabilities or external partners in AI&A to proactively seek to create such views. They can also expect these stakeholders to come to the table with points of view on where investment should be made – basing investment on generic discovery phases where consultants or internal AI&A subject matter experts learn their industry is questionable.
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Key takeaways Prioritize, manage, and track activity through a value stream lens applying widely understood knowledge of pain points. This will ensure appropriate coverage using a range of established and emerging technology to manage risk and achieve ROI. 28 Value from AI&A | © 2023 Infosys Consulting
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MEET THE EXPERTS “The lines betw een digita l and physi cal retail will conti nue to blur” MICK BURN Partner, Head of T&O EMEA Michael_Burn@infosys.com RAVI JAYANTHI Associate Partner, CMT Ravi.Jayanthi@infosys.com 29 ALASTAIR BIRT Associate Partner, CMT Alastair_Birt@infosys.com JAMES THORNHILL Associate Partner, CMT James.Thornhill@infosys.com GAURAV KAPOOR Associate Partner, CMT Gaurav_Kapoor01@infosys.com STANISLAVA GASPAR (née Stoyanova) Principal, T&O Stanislava.Gaspar@infosys.com OLU ADEGOKE Partner, Global Practice Head, CMT Olu.Adegoke@infosys.com
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consulting@Infosys.com InfosysConsultingInsights.com LinkedIn: /company/infosysconsulting Twitter: @infosysconsltng About Infosys Consulting Infosys Consulting is a global management consulting firm helping some of the world’s most recognizable brands transform and innovate. Our consultants are industry experts that lead complex change agendas driven by disruptive technology. With offices in 20 countries and backed by the power of the global Infosys brand, our teams help the C- suite navigate today’s digital landscape to win market share and create shareholder value for lasting competitive advantage. To see our ideas in action, or to join a new type of consulting firm, visit us at www.InfosysConsultingInsights.com. For more information, contact consulting@infosys.com © 2022 Infosys Limited, Bengaluru, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names, and other such intellectual property rights mentioned in this document. Except as expressly permitted, neither this document nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printed, photocopied, recorded or otherwise, without the prior permission of Infosys Limited and/or any named intellectual property rights holders under this document.
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# Infosys POV
Title: The synergy between AI and cloud transformation
Author: Infosys Consulting
Format: PDF 1.6
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An Infosys Consulting Perspective By Wahid Sattar & Ross Oldbury Consulting@Infosys.com | InfosysConsultingInsights.com The synergy between AI and cloud transformation How prepared are you for the future of work and innovation?
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The synergy between AI and cloud transformation | © 2023 Infosys Consulting 2 Introduction The exponential growth of data and the increasing complexity of business operations have necessitated the adoption of cloud computing as a critical enabler of digital transformation with spending on-end user cloud computing services hitting a staggering $600 billion in 2023. In parallel, artificial intelligence (AI) has emerged as a game-changer in the technology landscape with spending in 2023 expected to hit between $160 billion to $400 billion and with it transforming the way businesses operate and driving innovation across various domains. This paper explores the relationship between AI and cloud transformation, highlighting the synergies, strategies and benefits of their integration, along with the key technologies that underpin their relationship.<|endoftext|>Joint spent on cloud computing and AI could reach up to $1 trillion by end of 2023.
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The synergy between AI and cloud transformation | © 2023 Infosys Consulting 3 The emergence of AI and cloud computing AI and cloud computing have emerged as two of the most disruptive technologies in recent years. While AI is transforming the way we process data and automate tasks, cloud computing is enabling organizations to scale and optimize their operations. The convergence of these two technologies has created new possibilities for businesses to leverage data and gain insights, streamline processes, and drive innovation.<|endoftext|>1.<|endoftext|>Natural Language Processing (NLP) and Chatbots: NLP is an AI technology that allows machines to understand and interpret human language. Chatbots are AI-powered applications that use NLP to interact with users in a conversational manner. Together, NLP and chatbots are enabling businesses to provide more personalized and efficient customer service, while reducing the workload on human customer service representatives. Think of Mondly: a chatbot transforming how people learn languages combining innovative NLP, Chatbot and NPC (non- playable character) features. In April 2023, OpenAI, the creator behind the much-publicized ChatGPT, recently closed a $300 million share sale, valuing the company at nearly $30 billion.<|endoftext|>2.<|endoftext|>AIOps, or Artificial Intelligence for IT Operations, is an emerging technology that uses machine learning algorithms and advanced analytics to automate and improve IT operations. This technology is gaining popularity among companies as it enables them to proactively detect and resolve issues before they impact business operations. Deploying AIOps involves several steps. Firstly, companies need to collect large volumes of IT infrastructure data, including logs, metrics, and events, from their monitoring tools. Next, this data is processed and analyzed using machine learning algorithms that can recognize patterns and identify anomalies.<|endoftext|>
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These insights are then used to detect and isolate problems in real-time and provide proactive defense against. A major player in this area is Broadcom, who completed their acquisition of VMWare, the largest cloud computing and virtualization acquisition to-date.<|endoftext|>3. Edge-to-cloud: Edge Computing is a cloud computing technology that enables data processing and analysis to be done at the edge of the network or closer to the source of the data such as SmartMeters. By leveraging edge computing, businesses can reduce latency and improve the performance of cloud-based applications, while also improving data security and reducing bandwidth costs. The market is expected to grow to over $50 billion (TechTarget) 4. Cloud-based IoT platforms: Cloud-based Internet of Things (IoT) platforms are enabling businesses to connect and manage IoT devices and sensors from a centralized location. By leveraging the power of cloud computing and AI, these platforms are enabling businesses to gain insights into IoT data and automate IoT-based tasks, such as predictive maintenance.<|endoftext|>5. Cloud-based collaboration: Cloud-based collaboration tools, such as Microsoft Teams and Slack, are enabling businesses to improve communication and teamwork across the organization. By providing a centralized platform for communication and collaboration, these tools are helping to streamline business operations and improve productivity. Microsoft are currently testing their flagship AI collaboration offering MS Co- pilot which is built open OpenAi’s GPT4 Large Language Model (LLM) – sure to be game-changer.<|endoftext|>The synergy between AI and cloud transformation | © 2023 Infosys Consulting 4
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Examples of AI and cloud transformation in various industries The synergy between AI and cloud transformation | © 2023 Infosys Consulting 5 Healthcare The healthcare industry has been leveraging the synergy between AI and cloud transformation to improve patient outcomes and reduce costs. AI-enabled cloud services are being used to develop predictive models to identify patients who are at risk of developing chronic diseases, detect diseases at an early stage, and develop personalized treatment plans. Cloud computing is also enabling healthcare providers to store, manage and analyze large volumes of patient data, making it easier to identify patterns and trends, and make informed decisions. The global healthcare cloud infrastructure spend is expected to reach over $60 Billion by end of 2023 and analysts estimating the industry could save ~$200 Billion from further AI investment. Manufacturing The manufacturing industry has been using AI-enabled cloud services to improve operational efficiency, reduce downtime and improve product quality, spending is expected to increase to over $350 billion on cloud infrastructure with AI expected to hit ~$15 billion. AI algorithms are being used to analyze large volumes of production data to identify patterns and anomalies, enabling manufacturers to predict machine failures and schedule maintenance proactively. Cloud computing is also being used to store and manage production data, making it easier to analyze and optimize operations, and enable predictive maintenance.<|endoftext|>
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The synergy between AI and cloud transformation | © 2023 Infosys Consulting 6 Financial services The financial services industry is using AI and cloud computing to improve risk management, reduce fraud, and improve customer experience. AI-enabled services are being used to develop predictive models to identify potential fraud, detect anomalies, and improve fraud prevention – it is estimated banks saved over 860 Million Hours with use of chatbots (Forbes, DataBank). Cloud computing is also being used to store and manage transaction data, making it easier to analyze customer behavior and provide personalized recommendations. Retail The retail industry is leveraging the synergy between AI and cloud computing to improve customer experience and optimize operations. AI-enabled services are being used to develop personalized recommendations, enable visual search, and optimize supply chain management. Cloud computing is also being used to store and manage customer data, making it easier to analyze behavior and provide personalized recommendations; expected spend to reach over $30 Billion coupled with AI innovations in Metaverse, personalization, ethics and delivery expected to significantly transform the customer experience.
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The synergy between AI and cloud transformation | © 2023 Infosys Consulting 7 Cloud strategy with AI and innovation As businesses continue to leverage the power of cloud computing to streamline operations, reduce costs, and drive innovation, the importance of having a cloud strategy in place has become increasingly clear.<|endoftext|>One of the key drivers of cloud strategy is cloud innovation which refers to the development and deployment of new and cloud-based technologies, services, and applications that can help businesses to stay competitive and drive growth. By leveraging the latest advances in cloud computing, businesses can gain a competitive edge by being able to rapidly innovate, scale, and adapt to changing market conditions.<|endoftext|>The integration of cloud computing and artificial intelligence (AI) has become a major focus for cloud innovation in recent years. By leveraging AI technologies such as machine learning, natural language processing, and computer vision, businesses can gain insights and automate tasks that were once impossible to achieve at scale. For example, by using AI-enabled cloud services, businesses can automate routine tasks such as data entry, processing, and analysis, freeing up valuable time and resources that can be used to focus on higher-value activities.<|endoftext|>Cloud innovation is also driving the development of new and cloud-based services and applications that can help businesses to drive growth and stay competitive. For example, cloud-based analytics services are helping businesses to gain insights into customer behavior, while cloud-based collaboration tools are improving communication and teamwork across the organization. Cloud-based services are also helping businesses to streamline their operations, |
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reduce costs, and improve efficiency.<|endoftext|>
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The synergy between AI and cloud transformation | © 2023 Infosys Consulting 8 However, as businesses continue to embrace cloud innovation, they must also be aware of the risks and challenges associated with cloud adoption. These can include issues such as data privacy and security, vendor lock-in, and the need for skilled personnel to manage cloud operations but in the absence of a ready-made skilled workforce, organizations will need to put the right platforms and processes in to develop and train their workforce to manage these technologies effectively. To mitigate these risks, businesses need to develop a comprehensive cloud strategy that addresses these challenges and ensures that they are well-equipped to handle them.<|endoftext|>What’s next? The synergy between AI and cloud transformation is transforming the way businesses operate and drive innovation across various domains. The key technologies that underpin this relationship, including machine learning, natural language processing, cloud infrastructure, and edge computing, are enabling businesses to leverage data and gain insights, streamline processes, and drive innovation. AI-enabled cloud services are helping businesses to extract insights and automate tasks, making it easier to scale operations and drive innovation. By leveraging the latest advances in cloud computing and AI, businesses can gain a competitive edge by being able to rapidly innovate, scale, and adapt to changing market conditions. However, to succeed in the cloud era, businesses must also develop a comprehensive cloud strategy that addresses the risks, challenges, regulatory and geographical requirements associated with cloud adoption and ensures that they are well-positioned to achieve their goals and objectives.<|endoftext|>At Infosys Consulting, we help our clients navigate the world of AI and Cloud transformation, let us help you Navigate Your Next.<|endoftext|>
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MEET THE EXPERTS Ross Oldbury Associate Partner – CIO Advisory Practice. Ross has over 25 years of Enterprise IT experience. He started with roles in Engineering and Infrastructure, then moved into Strategic Cloud Consultancy on Azure and AWS. More recently, Ross has focused on complex cloud transformations and Alliances Partner Networks.<|endoftext|>Ross.Oldbury@infosysconsulting.com Wahid Sattar Senior Principal – CIO Advisory Practice With over 15 years’ experience, Wahid is pragmatic business transformation and technology enablement specialist who delivers across the CIO, CTO and Digital spectrum.<|endoftext|>Wahid.Sattar@infosysconsulting.com The synergy between AI and cloud transformation | © 2023 Infosys Consulting 9
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consulting@Infosys.com InfosysConsultingInsights.com LinkedIn: /company/infosysconsulting Twitter: @infosysconsltng About Infosys Consulting Infosys Consulting is a global management consulting firm helping some of the world’s most recognizable brands transform and innovate. Our consultants are industry experts that lead complex change agendas driven by disruptive technology. With offices in 20 countries and backed by the power of the global Infosys brand, our teams help the C- suite navigate today’s digital landscape to win market share and create shareholder value for lasting competitive advantage. To see our ideas in action, or to join a new type of consulting firm, visit us at www.InfosysConsultingInsights.com. For more information, contact consulting@infosys.com © 2023 Infosys Limited, Bengaluru, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names, and other such intellectual property rights mentioned in this document. Except as expressly permitted, neither this document nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printed, photocopied, recorded or otherwise, without the prior permission of Infosys Limited and/or any named intellectual property rights holders under this document.
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# Infosys POV
Title: Thriving in the Post-Covid Insurance Growth
Author: Infosys Consulting
Format: PDF 1.7
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An Infosys Consulting Perspective By Aaro Kauppinen, Sagar Roongta, and Jitin Sharma Consulting@Infosys.com | InfosysConsultingInsights.com THRIVING IN THE POST-COVID INSURANCE GROWTH Insurance in Emerging South-East Asia
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CONTENTS 2 1.<|endoftext|>Introduction 2.<|endoftext|>Operating Environment Changes 3.<|endoftext|>Changed Consumer Preferences 4.<|endoftext|>Succeeding in the Next Normal 5.<|endoftext|>Recommendations for Insurers Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting
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Successful insurers gain market share through CX and personalization Emerging South-East Asian markets are seeing tremendous growth in insurance. We expect +9-11% Gross Written Premiums (GWP) growth year-on-year until 2025 across the region, contributing to incremental 34-40 billion USD in GWP. This is much welcomed after the COVID induced setback. Despite COVID and other regionally impacting headwinds like China’s extended economic slowdown or war in Ukraine, several insurers have been able to grow their premium income through this tumultuous period.<|endoftext|>Our analysis of the success stories in the region highlights three high-impact opportunities for insurers to grow at a market-beating rate: personalized customer experience, distribution, and the ecosystem, and lastly, product innovation. In addition to the three high-impact opportunities, we identified several other opportunities to improve their market position.<|endoftext|>INTRODUCTION 1 2 3 Personalized Customer Experience Distribution and Ecosystem Product Innovation Other Opportunities ✓ Scenario-based Business Planning ✓ Growth Market Investments ✓ Tailored Pricing and Commercial Excellence ✓ Product Portfolio Rationalization ✓ Operational Efficiency ✓ AI and Analytical Customer Models ✓ Wearables and the Internet of Things Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 3 What should insurers in South-East Asia do to reap benefits from the post-COVID growth momentum?
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INTRODUCTION This point of view is structured into 4 chapters. First, we explore the macro-level operating environment impacts of COVID to insurance and apply a driver-based model to forecast insurance growth in the region. Second, we summarize the changed consumer preferences towards insurance. Third, we highlight key success stories of insurers that were able to beat the market throughout this tumultuous period. And in our Fourth chapter, we summarize all the key learnings how insurers could accelerate their growth in the post-COVID economy.<|endoftext|>Product innovation provided two growth opportunities for insurers: response to market changes and increase in relevancy. The most agile insurers were able to release new products covering COVID-related risks. Financial and insurance literacy has not developed at the rate of digital technology adoption; targeted, customer-friendly products have been a success driver for insurers to penetrate the previously uninsured segments.<|endoftext|>Distribution and sales are still largely driven using agency and broker channels in the region. The individuals still want the personal contact to understand the relatively complex insurance products. Supporting agents and brokers with digital tools and training, and therefore enabling the digital customer experience through an intermediary is a major growth driver. Ecosystem participation, including bancassurance, is prevalent through the region. Providing the right offers and tools for the right partners and through the right ecosystems is the key for growth.<|endoftext|>Personalized customer experience is a digital and analytics- driven approach to increase the insurance income, GWP, customer satisfaction, and cost-to-income ratio. Targeted and tailored messaging from marketing, through sales, underwriting, claims and the rest of the customer journey has proven its value in the region. Emerging South- East Asia is generally favorable in sharing their data for personalized experiences and they have adopted mobile and digital technologies to match or even beat the developed APAC.<|endoftext|>Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 4
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COVID-induced drop in economy was succeeded with accelerated growth The immediate impact of COVID was the restrictive government policies and reduction of economic activity. The GDP for the emerging South-East Asia dropped by 4.3% in 2020 from 2019 levels and recovered only the next year 2021. Despite the recovery with accelerated GDP growth at 8.0%, the GDP will not reach the pre-COVID growth trajectory before 2025.1 China has been the principal driver for economic growth in Asia and its restrictive COVID policies extended the depressed economic growth. The sudden loosening of China’s restrictions has resulted in a mixed immediate response. We expect that eventually the loosened policies will re-accelerate its economic engine bringing growth for the entire region. Furthermore, the war in Ukraine and resulting sanctions has led to further reduction of growth prospects; South-East Asia is geographically relatively far away from the war, but the impacts to trade, food and energy have extended to the region.2 OPERATING ENVIRONMENT CHANGES 1,289 535 402 434 414 2,497 2,668 2,849 2,727 2,942 3,178 3,441 3,698 3,995 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 Emerging South-East Asia GDP by country Vietnam Malaysia Philippines Thailand Indonesia B USD +6.8% +8.0% +7.9% -4.3% The others include Myanmar, Cambodia and Laos.<|endoftext|>KEY ACTIONS FOR INSURERS ✓ Prepare for growth: SEA economies will exceed pre-pandemic growth rates.<|endoftext|>✓ Use scenario-based business planning: Discrete world events dramatically impact the macro-economic environment.<|endoftext|>Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 5
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Out of the South-East Asian markets, we analyzed Indonesia, Thailand, Malaysia, Vietnam, and the Philippines which constitute 97% of the region’s GDP. The COVID-induced financial hardship led to an overall reduced spending on insurance. Pre-COVID, from 2016 to 2019, the total GWP had grown 7.1% annually (in USD). From 2019 to 2020 it shrank by 1.1%. Post-COVID, in 2021, the insurance spending increased by 6.8%.3, 4, 5, 6, 7 We are forecasting the GWP to grow 9-11% year-over-year until 2025 aligned with the elevated GDP growth. Especially Vietnam and Indonesia are expected to be the growth drivers contributing ~50% of the total growth of the 5 countries. OPERATING ENVIRONMENT CHANGES KEY ACTIONS FOR INSURERS ✓ Focus on growth markets: Especially Vietnam and Indonesia.<|endoftext|>✓ Proactive pricing: Inflation-driven growth needs active management of policy prices; adjust policy price review cadence to match the increased claim costs and market requirements.<|endoftext|>✓ Differentiated product adjustments: Increase prices for premium products which are less price-sensitive; reduce the coverage and therefore the exposure of basic products to alleviate price increase pressure of highly price-sensitive customer groups.<|endoftext|>16.9 19.1 18.6 19.4 17.5 17.3 14.0 14.1 15.6 16.6 16.8 17.9 5.1 5.2 5.6 5.8 6.0 8.3 22.1 24.4 26.7 27.7 27.1 27.7 3.9 4.7 5.8 6.9 8.1 9.5 27.6 25.1 10.2 34.9 18.7 0 5 10 15 20 25 30 35 40 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 GWP in SEA emerging markets Vietnam Malaysia Philippines Thailand Indonesia B USD Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 6
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OPERATING ENVIRONMENT CHANGES The 2020 dip in GWP resulted in higher insurance penetration as the GDP declined faster than the GWP. We forecast mild insurance penetration development in all countries except for Vietnam. Vietnam’s insurance penetration is expected to grow by 30% by 2025 driven by current low baseline, strong economic recovery, legalization of online insurance, urbanization, growing middle class population, and easier access to insurance especially through the bancassurance channel.8 GWP growth trend and forecast Annual GWP Growth Value-add B USD (22-25) Country 2016-2019 2019-2020 2020-2021 Forecast 22-25 Indonesia 4.5% -9.7% -1.1% 9% – 12% 8.7 – 10.4 Malaysia 5.8% 1.2% 6.6% 8% – 9% 7.2 – 8.0 Philippines 4.2% 4.0% 36.7% 6% – 10% 1.9 – 3.4 Thailand 7.8% -1.9% 2.1% ~6% 7.2 – 8.0 Vietnam 20.9% 17.0% 18.0% 18% – 20% 9.1 – 10.1 Total 7.1% -1.1% 6.8% 9% – 11% 34 – 40 Insurance penetration (GWP / GDP) Country 2019 2021 2025 FC Thailand 5.08% 5.39% 5.4% Malaysia 4.53% 4.52% 4.6% Vietnam 2.10% 2.60% 3.3% Philippines 1.54% 2.10% 2.1% Indonesia 1.73% 1.46% 1.7% Insurance penetration forecast Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 7 GWP forecast model Macroeconomic drivers • GDP (USD) • Population • GDP / capita (USD) • Inflation • Unemployment Insurance market • Gross Written Premium • Insurance Penetration Driver-Based Model Forecast • 2 macro-economic driver models: insurance penetration and insurance density • Models based on 2015-2021, excluding 2020 (COVID year) • P-value for both models <0.005 • GWP model is a weighted average of both models for best fit against actuals • GWP forecast based on the driver-based model applied on IMF’s macro- economic forecast (October 2022) • Insurance penetration and density calculated based on forecast GWP against IMF’s relevant macro drivers, GDP and population
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OPERATING ENVIRONMENT CHANGES Our model suggests that the insurance density continues to develop largely at pre-COVID rates. Vietnam is the only country in our model that is expected to see significant take-off from its peers, Indonesia, and the Philippines. The population who are insured will depend on insurance types and countries. For example, in Thailand, 75% of the population are covered by health insurance and the rest are covered by national healthcare systems. In the Philippines and Vietnam, circa 90% of the population are covered by national health insurance. In Malaysia and Indonesia on the other hand, over 50% and 35% of the population do not have health coverage, respectively.9, 10, 11, 12, 13 In summary, while COVID induced a bump in the road, we forecast that the future growth is 40% faster compared to pre-COVID. The growth is driven by increased digital adoption promoting easier access, urbanization and the growth of middle class generating more demand, increased interest towards health and life insurance due to the pandemic.<|endoftext|>66 73 71 442 440 482 509 514 546 53 54 56 320 352 384 397 389 396 42 51 71 83 64 98 732 88 496 97 184 0 100 200 300 400 500 600 700 800 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Insurance density in SEA emerging markets (GWP / person) USD Vietnam Malaysia Philippines Thailand Indonesia KEY ACTIONS FOR INSURERS ✓ Reap the growth now, as the pandemic is still fresh in memory.<|endoftext|>✓ Seize the opportunity in growth markets especially in growing urban middle class.<|endoftext|>✓ Focus on reach and easy-to-understand offerings in underinsured markets.<|endoftext|>Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 8
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Three years of digitalization in three months CHANGED CONSUMER PREFERENCES Overall, COVID increased the attention to insurance, especially health and life products. The persistence of COVID, with its several waves and increasing number of variants, has kept health topics, including insurance, in the public discourse. Not all news has been positive though, e.g., regarding the insurers’ inability to pay the claims, or rehabilitation of insurers facing bankruptcy. Despite the controversies, we see that the demand for insurance has grown in the region.<|endoftext|>Firstly, COVID deeply changed the way how people behave and what they expect. In general, it forced everyone to adopt digital channels one way or another. Secondly, the impacts of COVID were very personal in nature; we see different response between user groups depending on how they were impacted by COVID. In the next sub-chapters, we address both effects and then summarize the best practices for insurers.<|endoftext|>Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 9
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COVID doubled digital channel adoption in a single year CHANGED CONSUMER PREFERENCES Working from home and social distancing measures led consumers to adopt digital technologies much faster than anticipated pre- COVID. In many aspects, the emerging APAC markets have surpassed the developed APAC markets in digital adoption. For example, in 2022, 43% of people in the emerging markets managed their policies digitally, when only 23% in the developed markets do so. In financial services in the emerging Asia-Pacific, digital banking usage nearly doubled from 55% to 88% of the population from 2017 to 2021. While many respondents to surveys say that they are interested in buying insurance through an online channel, only 25% of those willing to buy the insurance online actually do so. The blockers include limited online channel, and difficulties to use the channel.14, 15, 16 Digital insurance adoption may have been inhibited by the regulatory restrictions, e.g., in Thailand and Vietnam online insurance sales has been limited by the regulator. Philippines on the other hand has seen doubling of the online channel preference as the principal interaction channel from under 30% to more than 60% from pre- to post-COVID.17 In emerging South-East Asia, the digital channel effectively means the mobile channel. Due to limitations of public infrastructure, the smartphone is the principal tool to access the Internet and online services in both urban and rural areas. The digital channel is not limited to direct channel; consumers are expecting digital interactions embedded with the human interaction with an agent or a broker. Nearly half of the people in the region say that they would want at least some human interaction when they are purchasing new policies. Omnichannel interactions where one part of the customer’s journey is digital, and another part is handled through traditional channels are even more important during the transitioning and resetting into the post-COVID World.18 55% 20% 16% 18% 28% 60% 1% 2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Pre-covid Post-covid Philippines insurance customers' channel preference In person By phone Digitally Other KEY ACTIONS FOR INSURERS ✓ Double down efforts on digital channels, especially mobile.<|endoftext|>✓ Extend digitalization through the agent and broker channels.<|endoftext|>✓ Build omnichannel capabilities for seamless customer journeys across the digital |
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and non-digital touchpoints.<|endoftext|>Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 10
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COVID is a strong use case of benefits of behavioral segmentation CHANGED CONSUMER PREFERENCES Some people were financially relatively unimpacted by COVID, while others might have needed to tap into their savings, lose a job, or make other adjustments in their life. E.g., in the Philippines, unemployment doubled from 5.1% to 10.4% from 2019 to 2020. The ones whom COVID most impacted were 5-10% more interested to acquire insurance than their less impacted peers. Very importantly, only 50% of people who were negatively impacted by COVID were interested in sharing their personal data for personalized pricing, while 80% of those who were less impacted were willing to share that detail. Depending on the country, 66-82% of the respondents in Emerging South-East Asia were willing to share personal data to get a customized insurance plan.9, 19 80% 50% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Less impacted by COVID More impacted by COVID Philippines insurance customers’ willingness to share personal data for personalized price Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 11
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CHANGED CONSUMER PREFERENCES COVID induced a wave of insurance terminations, but also new policies. For example, in Philippines Life Insurance, the switching increased by 35% from pre-COVID levels. Study in USA examined similar switching behavior and identified that price, experience, and product to be the most significant reasons for switching the insurance. The same was applicable for both Life and Non-Life. This switching behavior can be forecasted and prevented using advanced behavioral models.20 0 200 400 600 800 1,000 1,200 1,400 1,600 0% 5% 10% 15% 20% 25% 2017 2018 2019 2020 2021 Philippines Life Insurance Policies Policies in effect (end of year) New policies Terminated policies Switches (est) +35% Count of policies, x1,000 New & terminated policies, % of total KEY ACTIONS FOR INSURERS ✓ Apply dynamic pricing and contextual offers to increase conversion and average policy value ✓ Use AI and customer behavioral models to predict and prevent customer churn Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 12
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Customer experience drivers that make an impact CHANGED CONSUMER PREFERENCES Advances in digitalization enable 5 key customer experience trends: personalization, Internet of Things, immediate response, ecosystem offering, and product innovation. All the trends have been further accelerated due to the digital adoption by both customers and insurers. Insurers who succeed in customer experience can expect up to 15% increased premium income and 10-40% reduction of operating expenses compared to their less successful peers.21 Personalization covers topics such as targeted marketing, product tailoring / bundling, dynamic pricing and policy administration. Data-driven approaches allow individual customer-specific tailoring as long as the marketing materials, products, prices, customer journeys, and other content or processes are parametrized in such way that an algorithm can define the appropriate approach based on targeted customer’s information. Personalization improves reach, increases click- through rates and conversion, number of policies per customer, and the average value of the policies. Internet of Things is typically used to gather health and usage related information e.g., from smartwatch, smartphone or car’s systems. This influx of data will enable improved targeting and customer risk assessments. With customer’s consent and suitable apps, the same data can be used e.g., to alert when accidents occur, identify fraud, collect details for claim application, and recommend medical visits for preventive health. IOT is currently a nice-to-have value- add, but it will be more pervasive across the insurance value chain as the IOT devices will become more prevalent. The pioneering customers are already asking and expecting insurance products to collect their data for tailored pricing. Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 13
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CHANGED CONSUMER PREFERENCES Immediate response is the customer’s experience of straight-through processing. Whether the process in underwriting or claim handling, customers are increasingly expecting immediate responses. The customer expectations of the digital world arise from leading non-insurance digital services, e.g., Netflix provisions all the content immediately after subscription; Grab will immediately tell the car and driver’s details including estimated time of arrival once the ride is ordered. These expectations are liquid: customers expect them from all digital services, and increasingly also from the B2B interactions they have. Process mining, automation, digital applications, e- KYC, e-Signatures, intelligent assessment of customers claims, and automated fraud checks are a few opportunities insurers are pursuing to improve their response times. Operational uplifts focus on turn-around time, but they also reduce manual effort, operational cost, and improve the customer experience of each transaction. Ecosystem enables insurers to serve their customers as a part of a larger ecosystem. Insurers’ typical partners include banks as a distribution channel for bancassurance. Insurance ecosystem may extend to Insurtech, 3rd party data exchanges / provision, customer risk analyses, white labeled underwriting, retail and business collaboration for distributing bundled insurance products, alliances between healthcare and insurance, financial consolidation / asset management. The ecosystem will need a robust technology platform to facilitate the layered exchanges through APIs; it might be that the platform provider is yet another 3rd party in the ecosystem. Ecosystem and platform offerings will require careful disaggregation of the business model; targeted white-label products and services focusing on volume and efficiency, whereas holistic service provision requires market leading customer experience layer and plethora of enticing offers from the ecosystem. Ecosystems enable growth and efficiency based on where the insurer wants to focus. Product innovation is supercharged by digital capabilities. New digital technologies enable e.g., usage-based pricing, modular offerings, parametrized products, disaggregated insurance policies, and low- value micro insurances. Further, digitalization enables supercharging the product innovation and market testing processes e.g., through simulation and automated A/B testing. We have witnessed that a range of specific, customer-friendly insurance policies have enabled faster growth compared to policies with extensive and difficult-to-understand coverage. In the emerging markets with limited insurance literacy, simplification and concreteness have been successful. Most market-responsive insurers were able to provide targeted health insurance products for COVID and for the potential side effects of COVID vaccinations.<|endoftext|>KEY ACTIONS FOR INSURERS ✓ Focus on customer experience with a dedicated team owning the Customer Experience end-to-end ✓ Innovate and launch new products to market alone or as a part of an ecosystem ✓ Operational excellence is a driver for customer experience Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 14
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Selected high-performing insurers and their growth relative to market True stories of driving insurance growth from the market SUCCEEDING IN THE NEXT NORMAL In 2020, businesses needed to quickly respond to the abruptly changed business environment. Financially, the insurers saw increased claims and general downturn in sales. At operational level, working from home policies mandated a massive shift in remote working forcing the insurers to open the company’s private on- premises network to be accessible remotely. That shift in connectivity digitalized parts of many customer-facing and back-end processes resulting in hybrid workflows. Essentially, COVID accelerated insurers’ digital transformation plans from 3 years to 3 months. The most successful insurers were able to capitalize on digital, mobile-first channels when interacting with their customers. They were able to retrain their workforce to use the new digital technologies and utilize agile ways of working to seize the opportunities as they arose. Furthermore, leveraging partnerships helped the customers to gain access to services bringing value for the entire ecosystem.<|endoftext|>We analyzed Philippines, Malaysia and Thailand markets to identify the leaders through COVID. We highlight 3 success stories showcasing growth through the pandemic and gain of market share in their respective |
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markets. Insurer Country Segment CAGR (2017-2021) Company growth relative to segment Growth Drivers Company Segment Personalized CX New Product Innovation Distribution & Ecosystem Prudential Thailand Life 7.5% 0.2% 47x ✓ ✓ AIA Thailand Life 4.4% 0.2% 28x ✓ ✓ ✓ Etiqa Malaysia Non-Life 7.3% 0.5% 13x ✓ ✓ ✓ Allianz Malaysia Non-Life 3.1% 0.5% 5.8x ✓ ✓ ✓ Malayan Philippines Non-Life 12.7% 2.7% 4.8x ✓ ✓ Allianz Philippines Life 54.9% 11.8% 4.7x ✓ ✓ ✓ FWD Philippines Life 43.4% 11.8% 3.7x ✓ ✓ ✓ Pioneer Philippines Non-Life 9.5% 2.7% 3.6x ✓ ✓ Bangkok Thailand Non-Life 10.5% 4.7% 2.2x ✓ ✓ Dhipaya Thailand Non-Life 10.0% 4.7% 2.1x ✓ ✓ Etiqa Malaysia Life 13.9% 7.0% 2.0x ✓ ✓ Allianz Malaysia Life 11.7% 7.0% 1.7x ✓ ✓ ✓ Prudential Malaysia Life 8.7% 7.0% 1.3x ✓ ✓ Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 15 The insurers presented in the table have significant size in their market and market-beating growth rate. It will therefore leave fast-growing companies out that are comparatively small in the market. Information is collated from each country’s official insurance statistics and may differ from companies’ own annual reports.<|endoftext|>
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3.8 4.0 4.1 4.2 4.5 17.9 18.7 18.1 17.7 18.0 0 2 4 6 8 10 12 14 16 18 20 2017 2018 2019 2020 2021 Thailand Life Insurers GWP Success Story – AIA, Thailand SUCCEEDING IN THE NEXT NORMAL Thailand is the largest insurance market in ASEAN. Its insurance penetration reached 5.4% in 2021, highest among its peer countries. Its GWP has grown at a CAGR of 2.9% from 2017 to 2021. The life insurance segment in Thailand contributes close to 75% of the overall GWP in Thailand. However, the progress of the life segment has been tumultuous with 0.1% CAGR. 2021 showed 2.0% GWP growth after two consecutive years of decline.<|endoftext|>The largest insurer in the industry, AIA Thailand, was also the fastest growing during the period. Its GWP grew at 3.5% CAGR, increasing its market share from 21% to 25%.<|endoftext|>AIA Thailand’s success can be attributed to three key strategic initiatives: shift towards higher margin products, tech-driven agency development programs and digitalized customer experience. AIA made a strategic shift towards selling higher margin products such as unit-linked and long-term protection products which became more popular due to pandemic. As a result, in 2021, AIA Thailand’s profitability from the life segment improved by 19 percentage points compared to the previous year, from 71% to 90%. AIA also shrewdly used bundling strategies to gain additional revenue. It generated 20 M USD additional revenue by cross-selling its protection products to the 17,000+ customers looking for COVID vaccine side-effect protection.22 Others B USD 4.4% -0.1% 2.6%* -8.5% 0.1% CAGR Thailand 2.4% 4.4% * - FWD Thailand acquired Siam City Insurance in 2019. -5.9% -5.6% 7.5% Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 16
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SUCCEEDING IN THE NEXT NORMAL AIA deployed digital solutions for agency productivity and quality improvements. Its agency talent development program embeds analytics throughout the agency's development lifecycle. Its award-winning talent development program, provides a one-stop solution with a digitalized and seamless experience from prospecting, candidate assessment and selection, to personalized coaching and developmental programs. Through this, they can identify high-potential agents early and create customized support for their retention and continuous development.23 AIA strives to become Thailand’s first digital insurer with an omnichannel digital customer experiences to serve new and existing customers. Besides telehealth and telemedicine program, it launched ALive, a personal assistant app for underserved young families (18-34 years old) segment. Also available for non-AIA customers, its users have access to a wide range of services and community for parenting. The app had over a million downloads with a rating of 4.5/5.0 on Play Store. The app generated 20% online to offline leads and reactivated dormant customers to drive sales.24 AIA iService App has also brought substantial operational efficiencies. Through the iService app, customers can manage their own policies and make claims. AIA was able to resolve 76% of the minor health claims within the same day as of 2021.25, 22 KEY ACTIONS FOR INSURERS ✓ Identify underserved customer segments to create outcome-based offerings with a pull- based sales model ✓ Employ HR analytics to identify high- potential talent and handhold them with AI- powered learning paths for sustained agent productivity ✓ Use agency management platforms for agency differentiation, to drive higher productivity and improved agent retention Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 17
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SUCCESS STORY – FWD, Philippines SUCCEEDING IN THE NEXT NORMAL The Philippines’ insurance penetration has hovered around the 1.6%. However, the pandemic caused a step-change in insurance purchases leading to insurance penetration increasing to 2.1% in 2021. The step-change included; life insurance growth averaged 11.8% CAGR. FWD life insurance’s GWP has grown close to four times faster than the market, at 43.4% CAGR, increasing its market share from 2% in 2016 to 6% in 2021. It has become the 6th largest life insurer in the Philippines. This remarkable, continuous growth was built on three key pillars: creating innovative holistic product solutions, increasing accessibility through ecosystems and partnerships, and utilizing digital technologies for superior customer experience. Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 18 0.09 0.15 0.18 0.28 0.38 4.0 4.4 4.5 5.0 6.3 0 1 2 3 4 5 6 7 2017 2018 2019 2020 2021 Philippines Life Insurance GWP B USD 43.4% 17.3% CAGR 54.9% -3.7% 19.2% 11.0% 9.9% 7.5% 11.8% Others Philippines Success Story – FWD, Philippines
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SUCCEEDING IN THE NEXT NORMAL Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 19 In 2021, FWD introduced new holistic product solutions like ‘Babyproof’, ‘Family Hero’, ‘Manifest’, and ‘Health and Wellbeing’ that catered to end-to-end consumer needs. These products targeted the young adults and families and were promoted extensively on digital channels to increase their accessibility during the pandemic. These tailored products targeted consumers who were relatively new in their insurance journey and provided guidance on how to build and secure long term wealth.26 FWD built multiple partnerships to increase product distribution. For example, the partnered with a pawnshop chain to make affordable insurance plans and digital solutions available to the pawnshop’s 30 million customers across its 2,500 branches nationwide. In another partnership with insurance aggregator Kwik |
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.Insure, FWD introduced a chatbot, “Fi”, in its customer servicing processes. The chatbot can handle customer product enquiries, product recommendation, agent appointments, and claims activities. The chatbot received a customer rating of 4.9/5 and increased operational efficiency by freeing agents to focus on more complex tasks.26 KEY ACTIONS FOR INSURERS ✓ Take advantage of bundling and unbundling products to create targeted and tailored offerings ✓ Forge partnerships to increase sales beyond traditional channels ✓ Use self-help tools, like chatbots and AI, to improve customer experiences while also realizing operational efficiencies
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0.51 0.57 0.64 0.70 0.80 7.1 7.5 8.1 8.6 9.3 0 1 2 3 4 5 6 7 8 9 10 2017 2018 2019 2020 2021 Malaysia Life Insurers GWP Success Story – Allianz Life, Malaysia SUCCEEDING IN THE NEXT NORMAL Malaysia Malaysia is the second largest insurance market in the ASEAN region after Thailand. Close to 70% of the total 18.3 B USD GWP in 2021 is Life insurance with CAGR of 5.5%. Malaysian life insurance growth was driven by increased demand during COVID and ability of insurers to sell and provide services digitally. Among the biggest 5 life insurers, Allianz was the fastest growing insurer with a CAGR of 9.2% from 2017 to 2021, roughly twice faster than the market. Its market share improved from 7% to 9% in the same period.27 There were three major drivers contributing to its outperformance: launch of new innovative offerings, digitalization of processes, and a variety of agency development programs.<|endoftext|>Innovative new offerings were launched by Allianz that targeted the evolving customer needs and contained minimal negative surprises. In 2021, they launched the ‘PreciousCover’ and ‘BabyCover’ that provided coverage for mother and child through pre- and post-natal period with added benefits such as mental health coverage, hospitalization benefits and juvenile critical illness. It also launched endowment products that had simplified underwriting and guaranteed acceptance rules to address customer hesitance during the pandemic. Allianz also participated in a government-endorsed micro- insurance program, Perlindungan Tenang, which increased penetration in the bottom 40% households primarily via digital channels.27 Others B USD 4.8% 13.9% 1.4% 11.6% 5.7% 8.7% 6.9% 7.0% CAGR Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 20
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SUCCEEDING IN THE NEXT NORMAL Digitalization of processes was also critical, especially during the COVID, where Allianz could quickly pivot to digital distribution and policy admin. It enabled end-to-end digital claims experience from submission to reimbursement through its MyAllianz customer portal and mobile app. Customers could also access their medical cards and guarantee letters at any time via the mobile app. It incorporated OCR, facial recognition and video call option in its KYC processes which allowed their agents to remotely perform an end-to- end customer onboarding in just five minutes for non-complex cases.27 This digitalization initiative was extended to its agency development programs. Agency partners contributed 70+% of the written premiums for Allianz. The insurer launched a series of online training sessions on remote sales, product training, digital marketing, use of digital tools, and soft skills to uplift agent productivity. Their agency partners valued the trainings with average attendance of 800 agents per session. To make the agency partner growth more sustainable, Allianz Life also launched a 24-month “C.E.O Program” in 2019 for its agency partners to build a quality talent pipeline and enhance their capabilities.28 KEY ACTIONS FOR INSURERS ✓ Use needs-based analysis to design new product offerings ✓ Address customer hesitance for online purchases by simplifying product offerings and removing negative surprises ✓ Use automation & AI-based tools for routine tasks to reduce turnaround times ✓ Actively engage agency partners and new partnership models to enhance productivity and product accessibility Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 21
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We recommend a customer-experience driven strategy The best way for insurers to achieve market- beating growth in emerging South-East Asian markets is to double down on personalized customer experience, digital omnichannel across the E2E customer journey and customer-friendly product innovation. The success stories highlighted further concretize the recommendation justified by the global and regional trends. There are 6 key areas for insurers to embark on this journey. We have witnessed massive growth for insurers who have implemented all or parts of the above actions. The requirements and prioritization depend on the insurer, market, and most importantly, leadership ambition. Infosys Consulting is the partner of choice for insurers seeking transformations, whether laser-focused interventions or enterprise-wide step-changes.<|endoftext|>1 2 3 Define a customer-experience- led growth strategy Design the to-be customer experience Lead ecosystems for growth 4 5 6 Implement product innovation at scale Define the to-be technologies needed Design the to-be processes and operating model RECOMMENDATIONS FOR INSURERS Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 22
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Infosys Consulting approach to customer-experience driven strategy Strategy Customer experience Target customer segments… Persona modelling (who) Goals Needs Expectations Preferences Operating model Culture Technology & Data Organization & Roles Talent Ways of Working Processes Governance KPIs & Control Engaging with the insurer along their journey… Omnichannel journey design …at touchpoints, across channels Not exhaustive Direct Agent Broker Portal 3rd pty I discover I compare & decide I onboard I claim I manage I pay I sign up for more I advocate I stop Web Wearables App Phone call Video call Mail API In person Social 1 Define a customer-experience-led growth strategy Articulate the leadership ambition for customer experience vision relative to your market competition for each customer segment. Set concrete goals for growth, market share, NPS, customers’ brand perception and ecosystem participation. Prepare the growth-focused business case to justify investments needed for the customer experience uplift. Define a concrete roadmap ahead.<|endoftext|>2 Design the to-be customer experience Define the to-be end-to-end customer journeys across the touchpoints that would realize the customer experience vision. Define levels of personalization and contextualization expected for every interaction from marketing to processes, products, and pricing. Do not overlook the enterprise and SME customer journeys. Prioritize growth-driving customer experience of marketing, sales, and distribution. To-be customer experience sets requirements for the insurers’ operations especially around technology, data, processes, and people. Prioritize the requirements based on the overall customer experience uplift potential against the strategic growth goals.<|endoftext|>RECOMMENDATIONS FOR INSURERS Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 23
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RECOMMENDATIONS FOR INSURERS 3 Lead ecosystems for growth Identify the ecosystem vision articulating the two sided of ecosystem strategy: what is the insurance company centric ecosystem, and, on the other hand, what roles the insurer takes in ecosystems of others. Define the experience for agents, brokers, banks, healthcare, repair shops, and any other relevant partners in the ecosystem. Focus the strategy on growth drivers, especially around marketing presence, distribution channels, customer experience, and product mix. When creating an insurance- centric ecosystem, define the business model for partnering. Define the technology platform required to realize the ecosystem ambition.<|endoftext|>5 Define the to-be technologies needed Technology and data changes are the concrete steps in the customer-experience driven transformation. The technology and data architecture need to be designed to fulfil the customer experience requirements. Especially the personalization, product innovation, and omnichannel requirements will likely require legacy technology uplifts. Data will be the key enabler for the personalized experiences; data supply chains from sources to databases to analysis and usage will be crucial for realizing the growth. Define the data requirements; design the data engineering and data science practices and systems required.<|endoftext|>4 Implement product |
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innovation at scale New, customer-friendly insurance products are easy to design on paper, but legacy systems and processes might hinder their realization. Set up an innovation pipeline with industrialized approach for each of the stages from idea incubation to prototyping, market testing, market launch and scaling. Product portfolio requirements will increase substantially from modularization, disaggregation, parametrization, and personalization. Define requirements for technology and data to realize the new products.<|endoftext|>6 Design the to-be processes and operating model Powered with the new technology, design the to-be processes to realize the target customer experience. Focus providing near-immediate turn-around time for all customer-facing activities through process elimination, simplification, automation, and parallelization. Support the own and 3rd party manual processes, e.g., with AI image analysis, next- best action, recommendation engines, and price calculators. Define the new capabilities and roles needed, set training paths, and recalibrate staffing needed to operate the new processes.<|endoftext|>Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 24
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1.<|endoftext|>https://www.imf.org/en/Publications/WEO/weo-database/2022/October 2. https://www.imf.org/en/Blogs/Articles/2022/10/13/asia-sails-into-headwinds-from-rate-hikes- war-and-china-slowdown 3.<|endoftext|>https://stats.oecd.org/Index.aspx?QueryId=25444 4. https://www.insurance.gov.ph/ 5. https://www.bakermckenzie.com/-/media/files/locations/thailand/insurance-outlook-14th- edition.pdf 6. https://www.lexology.com/library/detail.aspx?g=7ce23ebe-600e-482d-aeb8-fe8e386c498c 7.<|endoftext|>https://mof.gov.vn/webcenter/portal/btcvn 8. https://www.febis.org/2022/04/01/vietnam-s-insurance-market-to-see-double-digit-growth-in- 2022/ 9. https://equityhealthj.biomedcentral.com/articles/10.1186/s12939-021-01578-0 10. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6008596/ 11. https://www.globaldata.com/media/insurance/general-insurance-industry-vietnam-reach-3- 5bn-2026-forecasts-globaldata/ 12. https://pubmed.ncbi.nlm.nih.gov/33853361/ 13. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9532955/#:~:text=Results%3A%20The%20pre valence%20of%20health,the%20Indonesian%20population%20is%2062.3%25. 14. https://services.google.com/fh/files/misc/e_conomy_sea_2022_report.pdf 15. https://www.swissre.com/reinsurance/life-and-health/l-h-risk-trends/consumers-embrace- digitalisation-points-better-protected-future.html 16. https://www.mckinsey.com/industries/financial-services/our-insights/emerging-markets-leap- forward-in-digital-banking-innovation-and-adoption 17. https://www.ey.com/en_ph/insurance/why-insurers-must-adapt-to-meet-the-changing- philippine-landscap 18. https://www.swissre.com/dam/jcr:f5cfd028-b7c9-4958-a5c3-06f7d2e720fc/ep_en_digital- adoption-in-personal-pc-insurance-in-southern-asia-webb.pdf 19. https://www2.deloitte.com/content/dam/Deloitte/sg/Documents/consumer-business/sea-cb- gacs-study-perspective.pdf 20. https://www.bain.com/insights/how-insurance-customers-are-responding-to-COVID/ 21. https://insuranceblog.accenture.com/reimagining-end-to-end-customer-experience-drive- growth REFERENCES Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 25
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REFERENCES 22. https://www.aia.com/content/dam/group/en/docs/annual-report/Annual Report 2021_E.pdf.coredownload.inline.pdf 23. https://www.aia.com.hk/en/about-aia/about-us/media-centre/press-releases/2022/aia-press- release-20221014 24. https://www.the-digital-insurer.com/award-application/aia-thailand-alive-powered-by-aia/ 25. https://www.bangkokpost.com/business/2286146/aia-aiming-to-help-1bn-people-across-asia- to-live-healthier-longer-better-lives-by-2030 26. https://www.fwd.com.ph/-/media/pdf/documents/fwd-ph-annual-report-2021- 2.pdf?rev=20b476bd356540fe93fb6a0b02ccb947 27. https://www.allianz.com.my/content/dam/onemarketing/azmb/wwwallianzcommy/pdf/financia l-reports/annual-reports/AllianzAnnualReport2021.pdffwd-ph-annual-report-2021-2.pdf 28. https://www.allianz.com.my/content/dam/onemarketing/azmb/wwwallianzcommy/personal/ca mpaigns/allianz-ceo-programme/AllianzCEOProgrammeBrochure_EN.pdf Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 26
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JITIN SHARMA Associate Partner Singapore +65 8849 7197 Jitin.Sharma@infosysconsulting.com SAGAR ROONGTA Consultant Singapore +65 8264 6036 Sagar.Roongta@infosysconsulting.com MEET THE EXPERTS AARO KAUPPINEN Principal Singapore +65 8870 2590 Aaro.Kauppinen@infosysconsulting.com Thriving in the Post-Covid Insurance Growth © 2023 Infosys Consulting 27
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consulting@Infosys.com InfosysConsultingInsights.com LinkedIn: /company/infosysconsulting Twitter: @infosysconsltng About Infosys Consulting Infosys Consulting is a global management consulting firm helping some of the world’s most recognizable brands transform and innovate. Our consultants are industry experts that lead complex change agendas driven by disruptive technology. With offices in 20 countries and backed by the power of the global Infosys brand, our teams help the C-suite navigate today’s digital landscape to win market share and create shareholder value for lasting competitive advantage. To see our ideas in action, or to join a new type of consulting firm, visit us at www.InfosysConsultingInsights.com. For more information, contact consulting@infosys.com © 2023 Infosys Limited, Bengaluru, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names, and other such intellectual property rights mentioned in this document. Except as expressly permitted, neither this document nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or |
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by any means, electronic, mechanical, printed, photocopied, recorded or otherwise, without the prior permission of Infosys Limited and/or any named intellectual property rights holders under this document.
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# Infosys Whitepaper
Title: Transforming Quality Assurance Organizations by Enabling Dev”T”Ops
Author: Infosys Limited
Format: PDF 1.7
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VIEW POINT Abstract Despite the rising popularity of DevOps in enabling agile development, its potential to transform the testing lifecycle is largely untapped. This paper examines the importance of DevOps in today’s business landscape and explains why it should play a greater role in testing/QA organizations (Dev”T”Ops). It also focuses on implementation view of DevOps along with its measurable benefits.<|endoftext|>TRANSFORMING QUALITY ASSURANCE ORGANIZATIONS BY ENABLING DEV”T”OPS
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Development Repository Validations Environment Provisioning Integration DevOps DevOps – The ‘agile’ catalyst The rapid pace of change in the present economy requires organizations to find new ways to quickly overcome business and technology challenges. The winning organizations are those that possess the will to transform and discover smarter ways of working. Today, there is an ever-increasing demand for quality software, which places greater focus on optimizing all stages of the software delivery lifecycle (SDLC). Thus, many players are adopting agile methodologies to stay relevant and achieve reliable and predictable business outcomes. In such a competitive landscape, DevOps has already become a vital catalyst as the preferred solution to address technical challenges such as: • Digital Transformation : Omni Channel Experience, End to End business process workflow implementation, IOT devices integrations • Cloud Deployment: • Rapid applications development - code publishing, security keys container/stack/queue creations, full / half / partial deployments • On demand virtual machines - auto scaling, machine images • Tracking of real time usage – data, volume, and transactions • Data : Data Replications, Data Provisioning, Data Deployment • APIs: Micro Services Integrations, Service Virtualizations More importantly, DevOps is expanding beyond technology and is significantly impacting people as well as processes.<|endoftext|>DevTOps – Implementing DevOps in testing DevOps is a set of practices and processes that foster better collaboration and communication between developers and other professionals involved in operations. Despite its importance in enabling agility in development lifecycles, DevOps is often considered as an add-on capability. Many organizations are unable to tap its full potential to transform testing lifecycles that typically consume nearly 30% of their budgets or schedules. Principally, DevOps is about building a collaborative culture, adopting agile methodologies, exploiting automation to accelerate innovation, and providing rapid feedback to achieve common goals. As such, DevOps mandates a close involvement with the QA organization. DevOps in QA is essential for many reasons, the key among which are Enabling rapid testing cycles, Ensuring reliable finished products, Providing predictable business outcomes, Reducing cost or Improving SLAs.<|endoftext|>The time has come for enterprises to introduce DevOps in testing. Enabling DevTOps will help QA organizations promote DevOps across the SDLC for superior benefits. To tap the objectives such as speed & agility, many choices of tool sets and point solutions (Open Source / COTS) are available.<|endoftext|>External Document © 2018 Infosys Limited
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Over the past 15 years, test automation has come a long way. Techniques such as behavior-driven development (BDD) and acceptance test-driven development (ATDD) are enabling the much-needed shift-left in QA. Further, automation tools are being deployed intelligently across the software test lifecycle (STLC), thereby improving automation coverage beyond user interfaces (UIs), irrespective of disparate technologies. This increased automation coverage provides a great platform to practice DevTOps. In a continuous integration (CI) and continuous delivery (CD) pipeline end to end automation is a key. Pipe line consists of build automation, continuous integration; test automation; and deployment automation. The pipeline starts by building the binaries by cloning & caching of the repository, hooking / polling the changes, merging the code branches to create the deliverables. This ensures that newly developed features are continuously integrated with the central code base.<|endoftext|>Each time build is done and code is unit tested. The health of checked-in codes are informed to the developer’s real time basis and in case of failure checked-ins are prohibited. Once the build is successful it is automatically deployed for the testing to ensure that it meets all desired exit criteria. The test automation are extended beyond the functional to several non-functional such as security, performance, user experience or compliance etc. The defects are automatically reported in the defect management tools.<|endoftext|>Once the application is verified for the quality gates it moves for deployment pipeline. The deployment pipeline is supported by platform provisioning, environment validations and system configuration management & verifications. The deployment on premise or a hosted environment such as Amazon Web Services (AWS) are automated and allows provisioning or tearing down environments automatically. The deployment in staged / production environment happens in controlled manners where changes get deployed partial or full. The deployment is fully automated and executes just in few minutes Deployment automation ensures the applications quality and reliability as well as its future scalability. The deployed applications are continuously monitored preventive basis such as applications / system logs are scanned regularly and alerts are sent in case of issues. The infrastructure such as memory / space are controlled automatically and scaling ups / downs happens real time.<|endoftext|>Failed Failed Code Branches Environment Validation Code Compilations Unit Testing Test Cluster / Buckets Test Automation Cloning/ Caching Control Hooking / Polling Control Build Automation Defect Automation Deployment Automation Application Deployment & Monitoring Functional Test Automation Security Test Automation Performance Test Automation UX Test Automation Repository Management Change Control Failure Reporting Continuous Integration Pipeline Continuous Delivery Pipeline Platform Provisioning Environment Validations Confgurations Mgmt.<|endoftext|>Apps Log Monitoring System Log Monitoring Scaling up / Down Full / partial deployment Version Management Code collections Branch Merging Machine Images External Document © 2018 Infosys Limited
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Benefits of DevTOps Mature IT services organizations are already reaping the benefits of DevTOps investments across people, processes and technologies. In these organizations, developers and testers collaborate better to achieve common goals and deliver top-quality products. DevTOps helps QA organizations prevent defects rather than detect them later. In doing so, DevTOps delivers measurable success and tangible benefits such as shorter timeframes to verify and implement changes, reduced average time taken to recover from production incidents, reduced failure rates during production changes and greater bandwidth for innovation.<|endoftext|>Further, the return on investment in DevTOps is faster and more significant compared to other investments made by QA organizations. The key areas of improved ROI include lower cost due to reduced downtime/wait-time, faster time- to-market when launching new features, improved customer satisfaction and more opportunities to innovate.<|endoftext|>Conclusion Top quality and greater speed in development and operations are the main drivers for adopting DevOps. DevOps helps organizations accurately track changes to source code, manage development, testing and operational complexities and ensure self-healing. As new tools and techniques enable higher testing automation coverage, there is a need to enable DevOps in testing as well. However, this can be challenging for traditional testers as they must shift to the center of development and operations activities and contribute to overall product vision and strategy. Such a change is critical to improving the cadence of production releases. QA organizations must focus on making strategic investments in their own operations by implementing DevTOps to enable software development engineers in test (SDETs) and focus on defect prevention rather than detection. By adopting DevTOps, QA teams can reduce production failures, recover quickly from production incidents, launch new features faster, and improve customer satisfaction – all of which improve ROI. Investing in DevTOps in QA drives innovation in testing that will continue to generate returns for the organization.<|endoftext|>
Author Manish Kumar Pandey ManishK_Pandey@Infosys.com Delivery Manager, IVS Consulting © 2018 Infosys Limited, Bengaluru, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. Except as expressly permitted, neither this documentation nor any part |
Continue # Infosys Whitepaper
of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior permission of Infosys Limited and/ or any named intellectual property rights holders under this document. For more information, contact askus@infosys.com Infosys.com | NYSE: INFY Stay Connected
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# Infosys Whitepaper
Title: Leveraging Database Virtualization for Test Data Management
Author: infosys Limited
Format: PDF 1.7
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WHITE PAPER LEVERAGING DATABASE VIRTUALIZATION FOR TEST DATA MANAGEMENT Vikas Dewangan, Senior Technology Architect, Infosys Abstract Database virtualization is an emerging trend in test data management (TDM) and is all set to bring about a revolution in the provisioning of non-production data. These tools offer efficient virtual cloning of production databases for software application development and testing, without having to physically replicate the entire database. Coupled with powerful features like taking point-in- time snapshots, write backs to the source database, and rolling back changes; these tools have the potential to bring in significant cost savings and efficiency improvements. In this paper, we explore the concept of database virtualization, industry tool features, and how these tools can be leveraged to improve TDM.<|endoftext|>
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Introduction Virtualization technologies have been around for a while and were first introduced in the era of mainframe systems. However, it is only in the recent past, due to advances in technology, that virtualization has been gaining popularity. The term ‘virtualization’ refers to encapsulating a particular hardware or software resource so that multiple systems can make use of it. By means of virtualization, hardware resources can be utilized more effectively through consolidation, resulting in significant cost savings. Further, virtualization leads to savings in hardware costs; thus resulting in decreased energy consumption and increased green technology. Given these advantages, virtualization will continue to see a trend of increasing adoption in the years to come. There are a number of popular virtualization technologies today, such as server, storage, database and desktop virtualization. Out of these, database virtualization is the focus of this paper.<|endoftext|>The field of test data management (TDM) concerns itself with provisioning of production-like data in non-production environments, such as those used for application development and testing and is thus a related area. Database virtualization is an emerging trend in TDM, with the potential of offering significant cost advantages. In this paper we will explore how database virtualization can be optimally leveraged to increase TDM effectiveness.<|endoftext|>External Document © 2018 Infosys Limited
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Traditional approach The common approach taken by most enterprises today is to have physical copies of the production database in each non- production environment. Non-production environments include environments for software development, testing, and training.<|endoftext|>It is not uncommon to find even 10 – 12 such production copies in most enterprises. These physical copies may contain either an entire copy or a subset of the production database. With each additional environment needed there is an increase in physical storage requirements, database administration needs and the time required to setup these databases. Refreshing these non-production databases is a time- consuming and costly exercise. Often, due to contentions, the availability of development and test environments becomes a bottleneck in the software development life cycle and can lead to increased overall turnaround times. In summary, the traditional approach is complex and costly.<|endoftext|>Database virtualization – a better approach With the coming of age of database virtualization, a gamut of opportunities for optimization of non-production environments has opened up. Several enterprises have started taking cognizance of this trend and are actively exploring how best they can leverage this technology for deriving maximum business value. So what exactly is database virtualization and how does it work? In the case of a database virtualization-based approach, the virtualization engine creates multiple virtual clones of the production database. These virtual copies of the database can be utilized in the same way as the actual physical copies. They will be transparent to the applications in these environments and will continue to function with these virtual database instances in exactly the same manner as they did with the physical non-production databases. There is no need to create subsets of production data and entire datasets can be made available to the relevant applications.<|endoftext|>Presented below is a simplified view of the traditional data refresh process for non- production environments compared with a database virtualization-based approach. It should be noted that in some cases there may be an intermediate database between the production and non-production environments, which may be used for masking or sub-setting purposes.<|endoftext|>Test Environment 2 Test Environment 3 Dev Environment 1 Production Database Virtual Clone 2 Virtual Clone 3 Virtual Clone 1 Traditional ETL approach for non-production environments Database virtualization approach for non-production environments Database ETL / sub-settingutility Involves creating physical copies of the production database Production Database Database virtualization engine Involves creating virtual clones of the production database Key features of database virtualization tools Today, there are a number of vendors offering products in the database virtualization space. Let us take a look at some of the important features and benefits that these products (though not all) provide: 1. Provision database clones: The functionality of rapidly provisioning virtual database clones is at the heart of all database virtualization tools. These virtual clones can typically be created in a matter of hours, as opposed to physical databases, which may take up to several days to setup and load data 2. Resource segregation: Each virtual database instance is a private copy and is unaffected by changes made to other virtual clones (‘Ring fencing’) 3. Lower resource utilization: Database virtualization tools implement highly- optimized compression algorithms to minimize the in-memory footprint of each cloned database instance. Usually data that is duplicate across clones is maintained as a common block across instances, while modified data is stored privately for each clone, leading to optimization of the memory footprint 4. Ease of refresh: Unlike refreshing physical databases, refreshing an existing virtual database clone with the latest production data is relatively simple and straightforward. The clones being in-memory instances, the refresh process is much faster and efficient as there are no physical writes. Most database virtualization engines will refresh the virtual instance with changes only, rather than purging and refreshing the entire database 5. Point-in-time snapshots: Often, in test environments, there is a need to take snapshots of multiple databases at the same point in time to ensure consistency of the test data. In the traditional approach, extracting data from multiple databases seldom happens simultaneously and there is some time difference between data extraction processes. This leads to referential integrity issues across databases (as several transactions may have taken place during this time difference), which have to be fixed in non-production environments. With database virtualization engines, it is possible to obtain a virtual clone of each source database against a specific point-in-time. This results in maintaining the referential integrity and consistency of data across the provisioned virtual database instances.<|endoftext|>External Document © 2018 Infosys Limited
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6. Synchronization with source database: The updates made to the virtual database clones can be written back to the intermediate database if required. For example, this might be required if the data in the virtual clone has been augmented for testing purposes and a need arises to replicate this to other test environments. This feature can also be used to help maintain a ‘gold copy’ of the database.<|endoftext|>7. Self-service: Virtualization tools, once setup, are easy to use and can reduce the dependency on database administrators (DBAs) when compared to the traditional approach where the physical copy of the database needs to be refreshed. Further, the TDM team as well as developers and testers, can be provided the facility to obtain, via self-service, virtual copies of the given source databases.<|endoftext|>8. Roll back to a previous state: Most database virtualization tools provide a feature for rolling back the database state to a previous date. This is especially useful for testing teams. Often, test data gets corrupted or changed after a test cycle. By using the roll back feature, the test data can be restored to a previous consistent state to enable another round of testing.<|endoftext|>9. Roll forward: After rolling back, some database virtualization tools provide the facility to roll forward, if required, to a specified date in the database timeline.<|endoftext|>10. Ease of administration: Database virtualization products offer centralization of all administrative tasks leading to ease of administration. There is no need to account for differences in environment configurations in each non-production environment where the target database is to be deployed. |
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These features have the potential to bring significant cost savings and efficiency improvements from a TDM perspective.<|endoftext|>TDM use cases TDM processes can be broadly divided into data refresh and data provisioning processes. The data refresh process involves refreshing a non-production database with required datasets. The data provisioning process is concerned with mining this data and allocation of identified records to end users. Database virtualization is applicable External Document © 2018 Infosys Limited
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to the former process viz. data refresh. Let us look at some relevant cases of how it can be leveraged for TDM: a) Database virtualization in non- production environments As we have seen, in the traditional approach, each non-production database is a physical copy or subset of the production copy. With a database virtualization tool, the non-production environments are virtual database clones. An added advantage here is that if the data in any environment is corrupted –- let’s say after a round of testing –- it is very easy to revert the data back to its original state. Some database virtualization tools provide support for data masking, which is a key requirement of most TDM implementations. A simplified depiction of this scenario is shown below: Production Database Non-production environment setupby virtual cloning of production database Virtual Clone 1 Virtual Clone 2 Virtual Clone 3 Database virtualization engine[+ Data masking] b) Database virtualization with data masking Data masking is often a key TDM requirement and not all database virtualization tools support it. In this case, an intermediate database can be setup, which will store the masked data and serve as the source database for the database virtualization engine. The intermediate database might be a full or partial copy of the production database. Data masking can be achieved by either using industry standard TDM tools or custom scripts.<|endoftext|>Virtual Clone 2 Virtual Clone 3 Virtual Clone 1 Mask Non-production environment setup with data masking and virtual cloning Production Database Data extraction/ sub-setting Intermediate Database Data masking utility Database virtualization engine c) Database virtualization with data masking and synthetic data creation In practice, there may be several data requirements from data consumers that cannot be fulfilled from production databases, as the data is unavailable. This may be the case, for example, in new development programs that may require data for testing. In this case, a synthetic data creation tool can be used to generate data, which in turn can be inserted into the intermediate database. As the intermediate database is being used as the source for the database virtualization engine, it will ensure that the virtual database clones reflect the generated data, in addition to the production data.<|endoftext|>Virtual Clone 2 Virtual Clone 3 Virtual Clone 1 Mask Non-production environment setup with synthetic data generation and virtual cloning Production Database Data extraction/ sub-setting Intermediate Database Data masking utility Database virtualization engine Data generation Benefits for TDM The key benefits that database virtualization can provide for TDM are: 1. Faster test data setup and refresh: Database virtualization can be leveraged for rapidly provisioning a database clone from a source database; for example, production, disaster recovery, a gold copy etc. Similarly, refreshing a virtual database clone can be executed quite quickly.<|endoftext|>2. Cost savings: Test databases, being virtual clones, do not require physical storage space. Also, database virtualization tools do not maintain full copies of the data — only the changes in data are tracked and logged. This results in significant savings in hardware costs.<|endoftext|>3. Increased reuse: Most database virtualization tools provide point- in-time snapshots. Thus, if there is a need, for example, to repeat a round of testing or a specific test case, it is easy to roll back the database to a previous state. External Document © 2018 Infosys Limited
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4. Increased test environment availability: As virtual database clones have a significantly lower resource utilization as compared to physical databases, it is feasible to have larger number of test databases at any given point in time. This can significantly eliminate environment contentions and increase productivity.<|endoftext|>5. Enable TDM for DevOps: DevOps teams can rapidly provision data for dev and test environments using self-service features, thus enabling continuous integration.<|endoftext|>Best practices While considering database virtualization for TDM, the following best practices should be followed: 1. Conduct product fitment: There are several robust database virtualization products available in the market today, with significantly varying feature- sets and technology compatibility. Hence, it is an imperative to carry out a comprehensive product fitment analysis before selecting the right product, keeping in mind the current and long term needs.<|endoftext|>2. Protect sensitive data: Production databases often contain sensitive information that if exposed can result in serious data breaches. It is imperative to have a mechanism in place to mask sensitive information so that the virtual database clones provisioned for development and testing are properly desensitized. One strategy could be to leverage a database virtualization product that inherently supports data masking or even setting up a staging database that has desensitized data as the source database for the virtualization engine (instead of using the production database directly as the source). 3. Plan for data reusability: As database states can be easily rolled back and rolled forward, a data reuse strategy should be put in place to effectively utilize this feature for relevant scenarios (for example, regression testing cycles). 4. Enable self-service: Relevant development / testing team members should be provided access to create virtual database clones to decrease the dependency on DBAs. 5. Monitor performance metrics: Key database performance metrics, such as SQL query response time, need to be monitored before and after virtualization, so that corrective action may be taken accordingly.<|endoftext|>Database virtualization product examples Listed below are a few database virtualization tools available in the market today, which can create virtual database clones. As this technology is still maturing and evolving, the databases supported by these vendors are likely to increase soon: # Tool Databases supported 1 Delphix DaaS Oracle, SQL Server, Sybase, DB2, PostGres, MySQL 2 Actifio Copy Data Virtualization Oracle, MS SQL Server 3 NetApp FlexClone Oracle 4 EMC XtremIO Oracle, MS SQL Server 5 VMware vFabric Data Director Oracle, SQL Server, MySQL External Document © 2018 Infosys Limited
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Conclusion As compared to the traditional approach, database virtualization offers significant opportunities in terms of cost optimization and efficiency improvements in non- production environments. The features offered by these tools are specifically useful for databases used for development and testing purposes. The key benefits of leveraging database virtualization for TDM are faster test data setup, cost savings in disk space and increased reusability of test data. Moreover, the ability to provide self-service, coupled with features like ease of refresh, taking point-in-time snapshots, write backs to the source database and ability to roll back any changes made can be a game-changer in the effective management of test data. Enterprises would be well advised to take a serious look at database virtualization tools, irrespective of whether they have a formal TDM implementation in place.<|endoftext|>External Document © 2018 Infosys Limited
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© 2018 Infosys Limited, Bengaluru, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. Except as expressly permitted, neither this documentation nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior permission of Infosys Limited and/ or any named intellectual property rights holders under this document. For more information, contact askus@infosys.com Infosys.com | NYSE: INFY Stay Connected
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# Infosys Whitepaper
Title: Today, the most popular form of evaluating an individual capabilities and competency level in any organization is done by Appr
Author: Infosys Technologies
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Presented at the 3rd International Software Testing Conference, India The When & How of Test Automation Vivek Motwani Programmer Analyst Product Competency Center Infosys Technologies Limited, Bangalore Abstract Test automation has always been looked upon as a magic formula to improve the quality processes of products/applications right from the day when first commercial product/application was made. But when one actually starts automating the testing, the ground realities are realised. More often than not, the teething troubles of deciding the right time to go for automation, defining the scope of automation and selection of right tool for automation are over-whelming in the first place. And even if these teething troubles are overcome, the automation tool developed is usually inefficient as lots of important considerations are over-looked. This paper aims to suggest the solution of these issues, and suggest best practices to be followed while doing the automation so as to maximise the efficiency of the automation tool developed. Introduction Automation is the only long-term solution for reduced costs in software testing and better quality products. But these aims are achieved only when certain best practices are followed before and while developing the automation suite. Howard Fear has aptly stated, "Take care with test automation. When done well, it can bring many benefits. When not, it can be a very expensive exercise, resulting in frustration”. [3] More often that not, after automating the testing of a product, the automation team finds the automation tool more of a headache because of the unplanned and thoughtless approach adopted while developing the tool. Generally, lots of effort is spent in developing the tool, only to discover that the tool is limited in scope, lacks user-friendliness and requires frequent re-work every now and then. © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India And if sufficient care is exercised and proper practices are followed before and while automating the same product/application, the resulting automation tool not only saves time and effort, but is also a sheer beauty in itself because of the amount of user-friendliness, flexibility, reusability and extensibility it ensures. Let us, therefore, discuss what all needs to be taken care of before going for test automation and also while actually doing the automation. Automation when? (The Desiderata) Lots of effort has to be spent even before you actually start with automation. It needs to be ensured that following things have been taken care of: - Stability of the product/application is ensured: The first thing that needs to be ensured is that the product/application is fairly stable in terms of functionality. Even if it is slated to incorporate new features, the new features should not disturb the existing functionality. There is no sense in automation the testing of a product that is supposed to change functionality-wise. Besides, the error messages generated by the product/application should remain consistent across different releases. If the testing is GUI-based, then it needs to be ascertained that the future releases of the product would not be undergoing GUI changes which might prove critical for the automation suite. Interface to be tested has been identified: Three different interfaces a product might have are command line interfaces (CLIs), application-programming interfaces (APIs), and graphical user interfaces (GUIs). Some may have all three, but many will have only one or two. These are the interfaces that are available to you for your testing. By their nature, APIs and command line interfaces are easier to automate than GUIs. Find out if your product has either one; sometimes these are hidden or meant for internal use only. After this, you need to decide which interface’s testing has to be automated. Some relevant points are: - © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India � GUI test automation is more difficult than test automation of the other two interfaces. This is because firstly, GUI test automation will invariably require some manual script writing. Secondly, there will always be some amount of technical challenge of getting the tool to work with your product. Thirdly, GUI test automation involves keeping up with design changes made to a GUI. GUIs are notorious for being modified and redesigned throughout the development process. � Despite the reasons for not depending on GUI test automation as the basis for testing your product functionality, the GUI still needs to be tested, of course, and you may choose to automate these tests. But you should have additional tests you can depend on to test core product functionality that will not break when the GUI is redesigned. These tests will need to work through a different interface: a command line or API. � In order to simplify the testing of an API, you may want to bind it to an interpreter, such as TCL or Perl or even Python. This enables interactive testing and should also speed up the development cycle for your automated tests. Working with API’s may also allow you to automate unit tests for individual product components. Scope of automation has been defined: Before setting out to automate the testing of your application/product, it is essential to define the scope/intended coverage of the automation tool. The scope may encompass functionality testing, regression testing or simply acceptance testing. You can even select to automate the testing of certain particular features or certain selective testcases of different features. Individual testcases to be automated have been identified: Automation suite should be looked upon as a baseline test suite to be used in conjunction with manual testing, rather than as a replacement for it. It should aim at reducing the manual testing effort gradually, but not doing away with manual testing altogether. It needs to be understood that automation can aid manual testing effort but cannot replace manual testing. What machines are good at and humans are slow at should be chosen for automation. Setting realistic goals in early stages of test automation is © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India important for achieving long-term success. So, even after defining the scope of the automation tool in terms of acceptance/regression testing, etc, it needs be made sure that following kinds of testcases are eliminated from the scope of automation: - � Testcases that are long and complicated and require manual inspection/intervention in between. � Testcases that take tremendous amount of time in automation and it is difficult to ensure re-usability even if they are automated. � Testcases pertaining to usability testing. Usability testing means testing in a true end-user environment in order to check whether the system is able to operate properly in accordance with the exact set of processes and steps applied by the end-user, including user's interface and system convenience estimation. It’s very important to include the right testcases in the suite. If the selection of testcases for the automation suite is not meticulous, you might end up discovering nothing really important about the software you are testing even if you develop a highly robust and reliable test suite. Testcases have been fine-tuned: The testcases need to be fine-tuned for automation. The expectation level from the testcases for automating is widely different from the expectation from manual testing point-of-view. The salient features that need to be taken care of include: - � Manual regression tests are usually documented so that each test picks up after the preceding test, taking advantage of any objects or records that may already have been created. Manual testers can usually figure out what is going on. A common mistake is to use the same approach with automated tests. But because of this approach, a failure in one test will topple successive tests. Moreover, these tests also cannot be run individually. This makes it difficult to use the automated test to help analyze legitimate failures. So, it is advised to revamp the testcases so as to make them independent. Each testcase should setup its test environment. © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India � The testcases need to be equipped with proper test-data. E.g. – |
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If there is a testcase for uploading of a file, then it should explicitly tell which file to upload. If there is a testcase for creating a folder with invalid characters, then it should state which characters to use for creating the folder. Such fine-tuning of the testcases before starting automation ensures reduction in the actual time for developing the tool. It also guarantees that the tool actually executes the testcases in a way that checks the desired functionality. The right tool has to be decided: There are hundreds of automation tools available in the market. A careful effort has to go into deciding which tool would be most suitable for automating the testing of your product/application. Following criteria would be useful in making the decision: � Is the automation suite required to work on different platforms? If platform- independence is required, the demands on the automation suite will be very high. E.g. – If the suite has to support different flavors of Unix, it might be suitable to go for platform- independent things like perl, etc. � If the testing to be automated is GUI-based, it might be preferable to use a tool like SilkTest, WinRunner, Rational Robot, etc. But every tool will have its own technical limitations that prevent efficient automation. So, it is necessary to evaluate testing tools for critical interfaces of the application that need to be automated. � Sometimes, it might be best to develop a scripting tool using a suitable scripting language instead of going for the ready-made tools available in the market. This is especially preferable when the testing is on the server side. The right mode (script recording/script development) has been decided: Most of the GUI automation tools have a feature called ‘record and playback’ or, ‘capture replay’. Using this feature, you execute the test manually while the test tool sits in the background and remembers what you do. It then generates a script that you can run to re-execute the test. Script development, on the other hand, implies writing the scripts for running the testcases in the language used by the tool. Script development is akin to programming in a language like C or C++, but the purpose is to execute the testcases in an automated style. © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India If you are going for GUI test automation, then points worth-considering while making a sane decision are: � Record and Playback approach to creation of test scripts and test suites is easy to develop but difficult to maintain. � Error recovery cannot be incorporated by just recording a test script. � In data driven tests, achieving reusability of test scripts will be very limited. Creation of test data and integration of the same with test scripts is the time consuming part. When a function is coded for the same purpose with data input file, maximum re-usability and ease is ensured. More often than not, it will be required to strike a careful balance between the two modes, instead of using one of the two modes. Using the recording mode alone will render the automation suite non-reusable and using the scripting mode alone will require more investment of effort and time. Though a middle path will be suggested generally, it might be worthwhile spending some time to decide the right mode or right mix of modes as per the application/product under consideration. Most of the further discussion will be useful only when the right mix is adopted or scripting is followed altogether. All in all, the suggested steps to be followed before starting with automation can be depicted in the figure below: - \ Fig.1: The pre-automation stage cycle Check the stability of the product / application Decide the interface to be tested Define the scope of automation Identify individual testcases Fine-tune the test case documents Decide the right tool Decide the right mode/ right mix of modes © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India Automation how? (The Regimen) After taking care of the above stipulations, the right direction has been identified and now the stage is all set to go for automation full-fledged. But in order to reach the destination, lots more needs to be paid attention to. So, here we go: - Following proper test scripting standards: Automated testing involves a mini-development cycle. So, proper coding standards for test scripts should be prepared. Checklists should be developed for review of test scripts. On the whole, all the software practices followed in the development of an application or a product, which are applicable to the development of the automation suite, should be put in place. Whatever tool is chosen, ultimately, a tool will be only as good as the process being used to implement the tool. Identifying common steps and converting them into functions: At the outset, the steps common amongst different testcases should be identified and converted in the form of functions. Such functions can be placed in a common file, from where they can be called by different testcases by passing suitable parameters as per the need. This will encourages re-usability of code and save effort and time. Besides, these functions can be used again when newer testcases are added to the automation suite at a later stage. Identifying other peripheral functions: After the functions as stated above have been identified, it is advisable to identify the peripheral functions that will be required by all the testcases in general. E.g. – A separate function for writing into log files can be written. This function can take the error message, severity level of the error message and the path and name of the log file as the input parameters. Depending on the requirements, more of such reusable functions can be identified. Such functions will simplify and streamline the process of test script development in the long run. Providing room for extensibility: The automation suite should be written in a manner such that additional testcases can be added to it. The additional testcases may cater to testing enhanced © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India functionality of an existing feature as well as testing new features incorporated in the application/product. The suite should have such an architecture that it is extensible both in terms of being able to add more functions and also in terms of being able to add more testcases by calling the existing/new functions. Generating proper logs: A common problem is what to do when automated tests fail. Failure analysis is often difficult. Was this a false alarm or not? Did the test fail because of a flaw in the test suite, a mistake in setting up for the tests, or an actual defect in the product? Hence, it is required that the suite should generates logs of its own. But a good automation suite with ambiguous logging messages is worse than manual testing. Few points that need to be taken care of from logging point-of-view are: - � An ideal automation suite should explicitly check for common setup mistakes before running tests and generating detailed logs of its own. And logging needs to be as user- friendly as possible. � The logging should be done in a manner that facilitates statistical analysis of the results. This implies that the log file should have the results in such a format such that can be processed by parsing, and useful statistics can be generated. Independence of selective execution: The scripts should be written/arranged in such a manner that they provide the independence of executing individual testcases or at least testcases belonging to the same module. This is important when the need is not to execute the entire suite, but to verify particular bugs. Signal-handling and clean exit on abrupt termination: It needs to be ensured that the suite does all the clean up when terminated abruptly, consciously or unconsciously, by the user. It may be required by the script to handle the termination/kill signal for a while so as to get the time for clean up (and may be, complete the currently executing testcase, if the suite desires). Such signal handling is extremely important in some particular cases. E.g. - When an automation suite is run © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India through command line on a Unix terminal as a foreground process and the user does a Ctrl-D in order to stop the suite for whatever reasons. The |
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suite might have changed some configuration files or properties files before it received the signal. So, if the changes are not reverted back before the termination of the suite, then things will go for a toss. Self-sufficiency in individual testcases: Testcases should not be dependent on preceding testcases for execution. If there is dependency on testcases occurring before in the sequence, then the subsequent testcases will fail without any reason. If at all such dependence is unavoidable, the error message in the log file, when such testcases fail because of the failing of preceding testcase, should be explanatory enough. Equipped with test data: The automation suite should be equipped with all the test data required by the different testcases. The test data may consist of simple data input as required by the testcases to supply parameters to the functions for testing different conditions like numeric input, alpha-numeric input, non-alpha-numeric input, etc. It may as well consist of specific files to be supplied to the testcases to test particular functionality of the application/product. The automation suite has to be accompanied with such test data and this test data has to be prepared for the suite with precision. Example: - A particular feature of the application/product may have to be tested with files of different sizes, say 0 bytes, 64 KB, 1MB, 30 MB, etc. So, the suite requires to have the files precisely of these sizes only. All such files may be kept in a particular folder from where the suite picks them up. The regular input data, which is required by the functions as parameters can be supplied through the input data files. The individual testcases may parse the parameters to be supplied to the testcases while reading them from the input data files. The tools available in the market support different types of file to be used as data input files. Example: - WinRunner uses excel sheets for reading data, while SilkTest uses.dat files. Dynamic generation of names for temporary files and input data: Sometimes, the automation suite would require to create certain temporary files. If the suite does not delete the temporary files created by itself, then they will get over-written in the next run of the suite. Besides, if a file © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India by the same name exists even before the first run of the suite, then that file may get over-written in the first run itself. The consequence will be even worse if the write permission is not there on the already existing file. The script will fail to over-write also in such a case and the testcase might eventually bombard. Similar problems are faced when the suite contains a positive testcases like creating a folder with a given name. If the suite does delete this folder created as a part of the clean-up process, the testcases fails unnecessarily when the suite is run again with the testcase trying to create a folder with the same name. A solution to all such problems is to dynamically generate the names for temporary files and all such input data at the run time. This way the names will not conflict with those of the existing files and fresh data. Such dynamic generation of names can be accomplished by several ways. One typical way of generation can be stripping the microsecond part of the current time and appending it to a name. This way there will be an extremely rare probability (10 to the power of –6, to be precise) that a conflict in the names will take place. Cleaning-up: It has to be ensured that the automation suite brings the application/product back to the original state it was in before the suite executed. If any configuration or properties file was changed for the execution of some testcase, then the changes must be reverted back. If the suite generates some temporary files, they should be deleted by the suite towards the end. Incorporating user-friendliness: The automation suite should be as user-friendly as possible. Some basic points for ensuring user-friendliness are: - � The user should have freedom to put the test data files anywhere on the m/c. � The suite can be run from anywhere on the m/c. � It can be installed anywhere on the m/c. � Once it is run, the suite should not require any manual intervention till completion. The user should be able to run the suite unattended. For incorporating such user-friendliness, the suite needs to be designed in a proper way. A separate configuration file can be created that contains all the variables that the user might want © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India to change. E.g. – The user might want the log files to be generated on the desktop instead of a hard-coded path. The user might as well want the suite to pick-up the test data/files from a directory of his choice. All such entities can be placed in the configuration file in the form of variables that the user can change easily. The suite can read these variables from the configuration files every time it is run. If such a design is used, all that the user would need to do before running the script is to change the configuration file as per his needs. Thus, the user will get a tremendous amount of flexibility and independence. Developing an efficient error recovery routine: Error Recovery routine enables the test suite to run continuously unattended. The function of this routine is to anticipate errors, decide on corrective action, log the error and proceed further with next test, if possible. E.g. - If unexpected termination of application under test happens, the routine should recognize the interruption and restart the application. This prevents cascading effect or reporting wrong defects after a test suite execution. In a nutshell, this will ensure that failures in test execution are effectively trapped, interpreted and suite continues to run without failures. Without such an error recovery system, automated test suite runs will never take off. Manual presence will become a necessity during test suite execution. Test scripts for test data setup and cleaning up: If the automation suite does not take care of test data setup, it will have to be done manually by the user, which reduces the fun of test automation. This becomes all the more important when test data setup requirements are huge and as a result, the whole exercise become highly time consuming. Hence, an ideal automation suite should incorporate dedicated scripts for test data set-up. These scripts are executed before any other functionality test can be executed on the product. E.g. – When the application/product in focus is an ERP suite or a banking software, the test data setup part itself may take 3-4 man-days of effort. With the automation in place for this setup, the effort is reduced drastically. Similarly, scripts for cleaning-up should also be incorporated in the automation suite. Such scripts will aim at bringing the application to the ground state it was in before the © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Presented at the 3rd International Software Testing Conference, India automation suite was run, i.e., they will undo all the changes that any testcases in the suite brought about while executing. E.g. – If there is a testcases for creating a folder, then the clean-up action will delete this folder. Testing the test scripts: Test scripts should be tested before they are used in a test suite. Testing of all test scripts should be planned in test automation activity. Adequate tests need to be performed for each test script. When test error simulation and rectification is difficult and time- consuming process, reporting false errors can cost more and defeat the objective. The goal for the automation team has to be that a test program should never report a false problem. All scripts should satisfy the following criteria: - � When given a valid input, they produce the correct output. � When given an invalid input, they correctly and gracefully reject the input. � Do not hang or crash, given either valid or invalid input. Conclusion Test automation is a great idea. But it is not a magic wand. Proper time and effort has to be spent for the development of the test automation suite. And the key is to follow the right processes. In eagerness to achieve fast results, the desirable processes are compromised. And that is the reason why, more often than not, it only promises and raises hopes, but simply fails to deliver. Acknowledgement I wish to express my sincere gratitude towards Sridhar Kumanduri and KiranK |
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umar Marri for sharing their experience in test automation with me and giving me extremely valuable feed-back. References 1. Bach, James. 1996. “Test Automation Snake Oil.” Windows Technical Journal, (October). http://www.satisfice.com/articles/test_automation_snake_oil.pdf 2. Success with Test Automation by Bret Pettichord (bret_pettichord@bmc.com) 3. Howard Fear on Test Automation by Howard Fear (hsf@pageplau.com) 4. Automated Testing: A Practical Approach for ERP product by Kishore C.S. (cs@rsi.ramco.com) © QAI India Ltd, 3rd Annual International Software Testing Conference, 2001. No use for profit permitted.
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Infosys Press Release (PR)
Title: Infosys Public Services Expands in Canada
Author: ['Infosys Limited'] Infosys Public Services (IPS), a North America-based company of Infosys (NSE, BSE, NYSE: INFY), today announced the opening of its new subsidiary, Infosys Public Services Canada, Inc. (IPS Canada) headquartered in Ottawa, Ontario with local offices in Mississauga ON, Calgary AB, and Burnaby BC. IPS Canada accelerates digital transformation for public sector organizations across the country, including federal departments, provincial ministries, municipalities, and crown corporations, and provides access to top tier IT talent and innovative solutions to improve the delivery of government services to Canadians.<|endoftext|> Infosys Public Services’ Canadian expansion marks the next phase of its decade-plus presence in the country and is the logical next step for the company given its growth in Canada and the evolving government security standards and regulation. This IPS Canada announcement is the latest development in a series of investments made by Infosys which has expanded the employee count to over 7,000 with a commitment to increase to 8,000 employees by 2024. IPS Canada will also work with local universities and technical colleges to recruit talent.<|endoftext|> Bhanu Prasad Narayan, Interim CEO, Infosys Public Services, said, “The Canadian incorporation of Infosys Public Services Canada, Inc. underscores our continued commitment to our public sector clients, as we help them modernize service delivery for Canadian citizens and businesses. Our offices will enable us to tap into strong local talent across the country to support continued business growth in the region.” Franco Chirichella, President and CEO, Innovapost, said, “As one of Innovapost’s key strategic partners, Infosys Public Services Canada has helped us successfully deliver IT initiatives to meet the demands of the evolving mail, courier and logistics industry. IPS Canada does a great job of bringing the breadth and depth of their global and Canadian capabilities to Innovapost to support us in meeting our business and technical needs.” IPS Canada will help modernize public sector service delivery for new and existing Federal, Ontario, and Manitoba government and crown corporation clients, creating resiliency for their core business systems and processes with digital and cloud solutions. The IPS Canada headquarter in Ottawa is a 10,000 square feet digital center. The facility is designed to allow the delivery of managed services that can comply with the security requirements associated with delivering services to each level of government. It is located at 275 Slater Street, Suite 501 in downtown Ottawa.<|endoftext|> To learn more about IPS Canada, please visit: www.infosyspublicservices.com/Canada.<|endoftext|> About Infosys Public Services Infosys Public Services is a leader in next-generation digital services and consulting. With benchmark processes, access to cross-industry insights and innovative public sector solutions, Infosys Public Services is helping public sector organizations to navigate their digital transformation, helping them renew existing systems into modern, agile, intelligent platforms, develop new capabilities and deliver better outcomes to all stakeholders at a lower cost with less risk.<|endoftext|> Navigate your next with Infosys Public Services. Visit www.infosyspublicservices.com to learn how.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: International Tennis Hall of Fame and Infosys Launch Immersive Metaverse Museum Experience
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, and the International Tennis Hall of Fame today announced the debut of a dynamic Metaverse museum, bringing the ITHF experience to tennis fans around the world. In a Hall of Fame first, this deeply interactive, immersive offering brings the museum’s collection and the stories of its Hall of Famers into the Metaverse. The ITHF Metaverse is now available at tennisfame.com/metaverse, with a virtual reality experience currently in development.<|endoftext|> In the Metaverse, fans can experience the hallowed grounds of the ITHF, combining real and virtual elements. They can view larger-than-life holographic statues of Hall of Famers and learn about the legends via their careers, stats, trivia and more. As a user navigates the Metaverse, they can browse through a number of different Hall of Famers and artifacts to find out more and answer trivia questions to earn points to claim rewards in the ITHF virtual shop.<|endoftext|> Featured Hall of Famers include Martina Navratilova, Rod Laver, Billie Jean King, Arthur Ashe and 2023 inductee Esther Vergeer, among many others. Fans can discover iconic items from throughout tennis history in the Hall of Fame’s collection, including an original pair of Stan Smith Adidas sneakers, a racquet used by Stefanie Graf during her Golden Slam in 1988, and a dress worn by Serena Williams at the 2018 US Open designed by Virgil Abloh.<|endoftext|> “Infosys and the International Tennis Hall of Fame have embarked on a truly transformational process to take the physical museum into a 3D digital environment,” said Dan Faber, CEO, ITHF. “Induction into the Hall of Fame is the ultimate honor in tennis, and Newport is where a player’s career is cemented in history. This cutting-edge experience takes history beyond borders and provides an immersive avenue for fans of all ages to be inspired by the legends’ careers, accomplishments and stories.” “Carefully crafted digital infrastructure is taking center stage, enhancing our understandings of and interactions with experiences,” said Sumit Virmani, Infosys EVP and Global Chief Marketing Officer, Infosys. “Through this Metaverse, Infosys and the International Tennis Hall of Fame are bridging physical and digital worlds to redefine the fan experience and bring fans closer to their favorite historical moments. It has created a strong digital foundation for the ITHF to experiment and engage new tennis enthusiasts with the history and heritage of the sport on platforms accessible to the millions of fans around the world.” Within the experience, users can express themselves through many fun personalization options, including snapping photos to create and customize their digital avatars, chatting with friends, watching videos and feeling like they are truly on the grounds of the ITHF in Newport. Users can also step foot on the famous grass Horseshoe Court and play a game of tennis at the iconic venue.<|endoftext|> The new ITHF experience launches just weeks ahead of the upcoming Infosys Hall of Fame Open and the Induction of wheelchair tennis legends Esther Vergeer of the Netherlands and Rick Draney of the United States, to be held Saturday, July 21 in Newport.<|endoftext|> Beyond the Metaverse, the Infosys Hall of Fame Open hosted by the ITHF will also leverage innovations like the Infosys Match Centre, providing fans with rich AI-powered insights and new ways of following the tennis action during the tournament. Additionally, players will be able to record and offset their carbon footprint to Newport through the recently launched Carbon Tracker developed by Infosys in collaboration with the ATP.<|endoftext|> About the International Tennis Hall of Fame The International Tennis Hall of Fame (ITHF) is a non-profit organization that preserves and promotes the history of tennis and celebrates its champions, thereby serving as a vital partner in the growth of tennis globally. The ITHF is located in Newport, Rhode Island, in the United States, with Hall of Famers hailing from 27 nations around the world. The Hall of Fame honors these legends and chronicles the sport’s history in a comprehensive interactive museum in Newport and programming to celebrate the sport around the world. For information on the International Tennis Hall of Fame and its programs, visit tennisfame.com.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with Skillsoft to Foster Digital Learning Through its Springboard Platform
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has signed a Memorandum of Understanding (MoU) with Skillsoft, a leading provider of transformative learning experiences, to revamp education and learning for students from class 6 to lifelong learners in India. Infosys will provide learners, free of cost, access to a rich repository of Skillsoft learning content designed to build technology, leadership and business, and behavioral skills through Infosys Springboard.<|endoftext|> Aimed at creating learning and employment avenues for school students, graduates, and lifelong learners, this collaboration will democratize learning for eager minds and prepare them to be future-ready. The content ranges from Skillsoft’s basic to advanced level courses covering topics such as digital transformation, artificial intelligence (AI) and machine learning (ML), data science, cloud, cybersecurity, and effective communication and presentation. To cater to beneficiaries in Tier 2 and Tier 3 cities, all content will be augmented with commentaries in multiple Indian regional languages, including Hindi, Marathi, Gujarati, Tamil and in some international languages, enabling beneficiaries across the globe to transcend linguistic barriers.<|endoftext|> “Infosys’ collaboration with Skillsoft strongly aligns with the company’s vision to democratize quality learning for lifelong learners. This collaboration, aided by commentaries in Indian regional language and international language subtitles, will transcend geographical boundaries and offer solid learning opportunities to learners across the world,” said, Thirumala Arohi, Senior Vice President and Head – Education, Training and Assessment – Infosys.<|endoftext|> “Like Infosys, Skillsoft is passionate about democratizing learning and providing access to upskilling and reskilling opportunities,” said, Apratim Purakayastha, Chief Product Officer and Chief Technology Officer, Skillsoft. “Our collaboration with Infosys will give young learners access to quality content that will help them build mission-critical leadership and technology skills needed for success in the 21st century.” In line with its ESG Vision 2030, Infosys aims to enable digital skills at scale and empower over 10 million people in India by 2025 through the Infosys Springboard program. Infosys Springboard continues to expand its reach to learners by growing its thriving community to more than 5.5 million registered users in India, since its launch.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Danske Bank Selects Infosys as Strategic Partner to Accelerate Digital Transformation
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has signed a strategic collaboration with Danske Bank, a leading Nordic Bank, to accelerate the bank’s digital transformation initiatives with speed and scale. This collaboration will help Danske Bank achieve its strategic priorities towards better customer experiences, operational excellence, and a modernised technology landscape, powered by next-gen solutions.<|endoftext|> Headquartered in Denmark, Danske Bank provides banking services to personal and business customers, as well as large corporate and institutional customers. In a bid to accelerate the bank’s technology transformation, optimise their access to talent and capabilities and improve productivity, Danske Bank chose Infosys as its strategic partner.<|endoftext|> As part of this collaboration, Infosys will also acquire Danske Bank’s IT center in India, where over 1,400 professionals are employed. With its global expertise and industry-solutions, Infosys will accelerate the bank’s digital agenda by significantly enhancing their IT operations and capabilities, powered by Infosys Topaz, an AI-first set of services, solutions and platforms, experience design, and services that support operations.<|endoftext|> Frans Woelders, Chief Operating Officer, Danske Bank, said, “Our Forward ’28 strategy sets clear ambitions for Danske Bank to be a leading bank in a digital age. This is backed by significant investments in digitalisation and technology, including plans to further develop our customer-facing digital solutions, and modernising our technology infrastructure to enable even better customer experiences and drive operational efficiency. We have a strong starting point, and we want to further accelerate our digital and technology transformation. We have conducted a thorough process to find a partner that can help us achieve that. Infosys has the tools, experience, and expertise to support us in accelerating our transformation using cloud and AI technologies. Given Infosys’ global presence and scale, this collaboration will also give us access to wider talent pools and capabilities.” Salil Parekh, Chief Executive Officer & Managing Director, Infosys, said, “We are delighted to bring our rich experience in financial services transformation to work for Danske Bank and help the bank accelerate its strategic growth agenda. Infosys will collaborate with Danske Bank to strengthen their core business with greater digital, cloud and data capabilities. This will help Danske Bank create more value for their customers using powerful advances in AI, including generative AI.<|endoftext|> Infosys looks forward to welcoming Danske India employees joining our team as part of this journey.<|endoftext|> Nordics is a strategic market for Infosys and this collaboration further enhances our commitment to the region. Infosys has acquired BASE Life Science in Denmark and Fluido in Finland, and recently opened a new proximity center in Gothenburg, Sweden and Oslo, Norway. With this relationship with Danske Bank, Infosys has further enhanced its localization strategy in the Nordics.<|endoftext|> Infosys expects the transactions to be completed before Q2’FY2024, subject to customary closing conditions.<|endoftext|> About Danske Bank A/S For more than 150 years, Danske Bank has strived to be a driver of growth and development in society. We have developed in tandem with the societies we are part of, and our advisory services, expertise and financial solutions have helped individuals, families, businesses and organisations to realise their ambitions and potential. With long-term sustainable development as our ambition, we will continue to work every day to be the best possible bank, for the benefit of our customers, employees, shareholders and the societies we are part of.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys to Provide Certification in AI and Generative AI skills, Crucial to Landing Jobs, through Infosys Springboard Virtual Learning Platform
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has launched a free Artificial Intelligence (AI) certification training on Infosys Springboard. Infosys AI-first specialists and data strategists, responsible for delivering Infosys Topaz™ AI-first set of services, solutions and platforms will help shape the curriculum to help learners build future-ready skillsets.<|endoftext|> This certification will offer a variety of courses that cover a broad spectrum of topics related to AI, including an introductory course on AI and Generative AI, with a focus on deep learning and natural language processing, and a masterclass on AI and the impact of Generative AI, that will aim to focus on prompt engineering and AI-first software engineering. Additionally, a customized course on ‘Citizens Data Science’ will aim to cover various aspects of data science discipline, including python programming, linear algebra, probability and statistics, and exploratory data analysis. Learners will be awarded a certificate upon successful completion of the course.<|endoftext|> Thirumala Arohi, Senior Vice President and Head - Education, Training and Assessment at Infosys, said, “Infosys Springboard is committed to democratize quality education and strengthen the next-generation workforce with digital and life skills. Our aim is to demystify AI for learners through Infosys Springboard and help them make a conscious choice in building their careers. We firmly believe that AI proficiency will give young aspirants and professionals a competitive advantage in a dynamic and demanding job market.” Infosys Springboard provides a curriculum-rich virtual platform that delivers corporate-grade learning experiences, on any device, with closer educator-learner collaboration for students from Class 6 to lifelong learners. This, alongside formal education, helps accelerate digital reskilling for participating learners, ranging from school and college students to professionals and adults. Since its launch, Infosys Springboard continues to expand its reach to learners by growing its thriving community to more than 5.5 million registered users. Infosys, in line with its ESG Vision 2030, aims to enable digital skills at scale and empower over 10 million people in India through the Infosys Springboard program.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: 43 Banks Among Winners in the 2023 Infosys Finacle Innovation Awards
Author: ['Infosys Limited'] Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), today announced the winners of the annual Infosys Finacle Innovation Awards 2023. 43 financial institutions from across the world were recognized for actively pursuing innovative strategies to differentiate themselves and maintain a competitive edge in the banking industry. Since its inception, the Infosys Finacle Innovation Awards program aims to celebrate and inspire innovations within the ecosystem of Finacle-powered financial institutions.<|endoftext|> In its 8th edition, the Infosys Finacle Innovation Awards received over 200 nominations from banks across the world in 10 award categories, under the overall theme of ‘Inspiring Better Banking’. The winners were acknowledged for outstanding initiatives that made significant impact on the banking industry in the following categories: Product Innovation Channel Innovation Maximizing Customer Engagement Corporate Banking Innovation Ecosystem-led Innovation Process Innovation Transformation Excellence Modern Technologies-led Innovation Business Model Innovation ESG-led Innovation category The nominations were evaluated by a panel of experts comprising senior leaders from the banking and technology industry, based on innovation, benefit, and complexity quotients.<|endoftext|> The full list of the recognized banks and details of their award-winning innovations is available here.<|endoftext|> Sanat Rao, Chief Business Officer & Global Head, Infosys Finacle, said, “The significant number and diverse range of nominations received this year indicate the enduring commitment and emphasis on innovation by banks worldwide. The banking sector is undergoing unprecedented change, requiring banks to continually respond to market demands with customer-centric innovations in a bid to maintain their competitiveness and relevance. The Infosys Finacle Innovation Awards 2023 celebrates banks that prioritize innovation-led digital transformation. The nominees and winners in the awards program exemplify the relentless pursuit of the participating banks in delivering enhanced value to their customers and stakeholders. I extend my warmest congratulations to all the recognized banks and wish them continued success in 2023 and beyond.” Greg O’Leary, Program Director, Digital Banking, Permanent TSB, said, “At Permanent TSB, we have been serving the needs of our customer for over 200 years with an ambition to be ‘Ireland’s best personal and small business bank’. Through our Digital Banking Transformation, we have sought to fundamentally improve the Customer Experience of our digital everyday banking offerings for existing and future customers. Our partnership with Infosys Finacle has enabled us to leverage their leading digital capabilities to build an exciting digital banking experience for our customers.” Majid Muhammad, Chief Information Officer, Resimac Ltd., said, “Resimac’s business model composes value chains out of market capabilities. Applying this philosophy to our technology platforms, Resimac embarked on a multi-year, multi-vendor systems modernization and innovation program to provide a platform for future growth. Partnering with Infosys Finacle gave the opportunity to scale our transformation and leverage industry-leading platforms and capabilities. Implementing Finacle laid our future growth foundations and enables Resimac to deploy a significant uplift in digital capabilities to our customers.” Tammy TSE Pak Kin, Senior Vice President, Head of Information Technology, Fubon Bank HK Ltd., said, “Our Innovation strategy is centered around delivering exceptional experiences to our customers, and we have found that collaborating with Infosys Finacle has been instrumental in achieving this goal. Through this collaboration with Infosys Finacle, we have been able to leverage base product features available in the Finacle solution to create innovative products which meets our customer expectations and also ensure quick time to market. We look forward to Finacle helping us make ourselves into a more relevant bank for our customers’ growing digital needs.” About Infosys Finacle Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys and ATP Collaborate to Launch Carbon Tracker, Helping Accelerate the Sport’s Sustainability Journey
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that as part of its strategic collaboration with the ATP, the governing body of men's professional tennis, it is launching a new digital Carbon Tracker to make tennis more environmentally responsible. The feature, which is live from today and is hosted within the existing ATP PlayerZone app, will enable players to track and offset their carbon emissions while traveling to participate in tournaments across the global tennis season.<|endoftext|> Aligned with ATP’s commitment to UN Sport for Climate Action, which includes a Net Zero emissions target by 2040, the application features a dashboard that presents players with a holistic view of their travel related emissions across multiple seasons – enabling deeper understanding and analysis of travel choices. This is supplemented with resources and quizzes to educate players on sustainable practices and environmental advocacy.<|endoftext|> In addition to supporting players to achieve greener practices, the Carbon Tracker will introduce a ‘Green Badge’ that players can earn at the end of each season, to be displayed across their profile and rankings pages on ATPTour.com as a symbol of their commitment to reducing the sport’s carbon footprint.<|endoftext|> The feature, an innovative solution in world sport, will be accessible via the ATP PlayerZone website and mobile app launched by Infosys and ATP in 2016. It will allow players to declare their travel data and categorize the mode of transport taken to each tournament, calculating an associated emissions footprint. It will in turn enable players to make more conscious travel decisions and mitigate their carbon impact via Gold Standard, a leading sustainable development standard and climate action partner of the ATP.<|endoftext|> Massimo Calvelli, Chief Executive Officer, ATP, said, “Tennis is on a mission to Net Zero and like many sports, our travel footprint is our biggest challenge. ATP’s new Carbon Tracker makes it simple for players to join that journey, mitigating their impact today and inspiring greener choices tomorrow. This is a story of addressing difficult problems through innovation, and we would thank our partners Infosys for their collaboration and commitment to the project. The potential of this app is massive and we’re just getting started.” Sumit Virmani, Chief Marketing Officer, Infosys, said, “The synergy between Infosys and ATP has resulted in a very action-oriented innovation which sensitizes the need for energy transition in sports. In recent times, we have witnessed a multitude of digital sustainability platforms that are enabling organizations to pave their way to net zero emissions. Together with ATP, we will strive to make tennis carbon conscious as a sport. As we drive towards a hyperconnected economy, it is imperative for us to focus on dynamically driving carbon consciousness in an innovative, sustainable, and efficient manner.” Margaret Kim, Chief Executive Officer, Gold Standard, said, “It is inspiring to see tennis leading the way towards a more sustainable sporting culture. Encouraging players to purchase Gold Standard-certified credits means they will be directly funding climate change projects that not only reduce carbon emissions, but also create many other sustainable development benefits for communities that need it most. We are excited to have ATP as a Gold Standard climate action supporter and look forward to collaborating further along the journey towards net zero.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements 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 or outcomes 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 the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at 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. 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.<|endoftext|> About The ATP As the global governing body of men’s professional tennis, the ATP’s mission is to serve tennis. We entertain a billion global fans, showcase the world’s greatest players at the most prestigious tournaments, and inspire the next generation of fans and players. From the United Cup in Australia, to Europe, the Americas and Asia, the stars of the game battle for titles and Pepperstone ATP Rankings points at ATP Masters 1000, 500 and 250 events, and Grand Slams. All roads lead towards the Nitto ATP Finals, the prestigious season finale held in Turin, Italy. Featuring only the world’s top 8 qualified singles players and doubles teams, the tournament also sees the official crowning of the year-end ATP World No. 1, presented by Pepperstone, the ultimate achievement in tennis. For more information, please visit www.ATPTour.com.<|endoftext|> About Gold Standard Gold Standard (www.goldstandard.org, @goldstandard) was established in 2003 by WWF and other international NGOs as a best practice standard to help the world #GrowToZero. All Gold Standard-certified projects and programmes accelerate progress toward the Net-Zero ambition of the Paris Climate Agreement while catalysing impact toward the broader Sustainable Development Goals. Its standard, Gold Standard for the Global Goals, allows climate and development initiatives to quantify, certify, and maximise their impacts toward climate security and sustainable development. Certification against the standard provides the confidence that these results are measured and verified, enabling credible impact reporting. ISEAL Code Compliant and backed by a broad NGO Supporter Network, Gold Standard has 2000+ projects underway in over 90 countries, creating billions of dollars of shared value from climate and development action worldwide.<|endoftext|> Media contacts: For further information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation
Author: ['Infosys Limited'] Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Keytrade Bank, the first online bank in Belgium and part of Credit Mutuel Arkea, one of France’s largest banking groups, today announced the bank’s decision to select Infosys Finacle as the preferred partner for the modernization of its core banking system. The Infosys Finacle suite will replace Keytrade Bank’s legacy platform and help the bank leapfrog its digital maturity, enabling it to innovate, operate, and engage with customers better.<|endoftext|> This collaboration will streamline the bank’s core banking ecosystem to enable greater efficiency, faster time to market for products, and state-of-the-art technology architecture, and ensure best experience for its customers. The bank will subscribe to the Infosys Finacle suite in a software-as-a-service (SaaS) mode on the Microsoft Azure public cloud.<|endoftext|> Highlights With the Finacle Core Banking Solution, Keytrade Bank will benefit from a secure, scalable, and composable solution to help speed up innovation and time to market for new initiatives Keytrade Bank will be able to easily and independently compose and push a range of banking products to the market Modernization will help the bank to significantly optimize operational efficiency by enhancing digitization and automation The bank can also leverage Finacle’s extensive open application programming interface (API) repository on cloud, acquiring the agility to integrate with ecosystem partners easily and seamlessly The SaaS deployment will ensure higher availability and resilience powering the bank’s core business and driving growth Sanat Rao, Chief Business Officer & Global Head, Infosys Finacle, said, "We are delighted to collaborate with Keytrade Bank in their digital transformation journey and look forward to its success. With Finacle, Keytrade Bank has a core banking solution that has proven itself around the world for accelerating innovation, driving automation and operational excellence, and helping deepen customer engagements. This collaboration marks yet another milestone in our expanding presence in Europe and underlines our commitment to helping European banks stay ahead in the digital age." Thierry Ternier, CEO, Keytrade Bank, said, “As the sponsor of the project, I am a strong believer in the program because it will strengthen the foundations of our company and make us future-proof to tackle the challenges of a fast-moving environment. Our ultimate goal is to create value and satisfaction for our customers and employees. I am convinced that this program will be a major enabler in reaching those strategic goals. We have chosen Infosys Finacle as our partner for the program because of their worldwide expertise, implementation plan, and price offering.” About Infosys Finacle Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Named a Leader in Four IDC MarketScape Vendor Assessments for Service Lifecycle Management and Intelligence Transformation
Author: ['Infosys Limited'] Infosys Named a Leader in Four IDC MarketScape Vendor Assessments for Service Lifecycle Management and Intelligence Transformation Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in four IDC MarketScape reports – IDC MarketScape: Worldwide Manufacturing Service Life-Cycle Management (SLM) Systems Integrators/Business Process Outsourcing 2022-2023 Vendor Assessment[1]; IDC Marketscape: Worldwide Manufacturing Service Life-Cycle Management Strategic Consulting 2022-2023 Vendor Assessment[2]; IDC MarketScape: Worldwide Manufacturing Intelligence Transformation (IX) Strategic Consulting 2023 Vendor Assessment[3] and IDC MarketScape: Worldwide Manufacturing Intelligence Transformation 2023 Vendor Assessment.<|endoftext|> IDC conducted an analysis with IDC MarketScape, its research-based assessment tool that provides a comprehensive evaluation of potential key measures for success that define vendors' capabilities and strategies.<|endoftext|> Key strengths noted by the IDC MarketScape reports include: Track record of innovation: Infosys has been serving the aftermarket for over 25 years and has built a track record of innovation and service business model transformation for clients in the manufacturing industry. Through its innovation hubs, Infosys has been able to work closely with its manufacturing clients to improve processes and explore industry-specific digital capabilities for service transformation [4].<|endoftext|> Infosys has been serving the aftermarket for over 25 years and has built a track record of innovation and service business model transformation for clients in the manufacturing industry. Through its innovation hubs, Infosys has been able to work closely with its manufacturing clients to improve processes and explore industry-specific digital capabilities for service transformation. Expertise in the manufacturing industry: Infosys' large footprint in the manufacturing industry and strong relationships with executives are also a strength and help with name recognition. The industry expertise that Infosys has built over the past 40 years is supported by a strong focus on cultivating talent, with the training/development of employees through COEs, partnerships with academia and localization strategies all part of its ongoing workforce plans[5].<|endoftext|> Commenting on this acknowledgment, Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, "We are thrilled to be recognized as a Leader across all four IDC MarketScapes for Service Lifecycle Management and Manufacturing Intelligence Transformation. This is a testament to our teams’ relentless pursuit of excellence and industry-leading innovation. It underscores our commitment to delivering end-to-end SLM and IX services and helping manufacturing enterprises achieve their digital transformation goals." “Intelligence transformation (IX) is an essential pillar of manufacturing digital transformation and the future of intelligence,” states Reid Paquin, research director for IDC Manufacturing Insights' IT Priorities and Strategies Practice. “However, many manufacturers struggle with maximizing the value of data they currently have available to them. The industry is looking for IX service providers to help manage growing volumes of data and embed intelligence into manufacturing processes. Infosys was recognized in the Leaders category of the recent IDC MarketScape: Worldwide Manufacturing Intelligence Transformation (IX) 2023 Vendor Assessment and IDC MarketScape: Worldwide Manufacturing Intelligence Transformation (IX) Strategic Consulting 2023 Vendor Assessment.” “Manufacturers must deliver more value to customers, both internal and external, through enhanced service experiences and maintenance operations,” states Aly Pinder, research vice president Aftermarket Services Strategies IDC. “This is no easy task, and manufacturers will need to establish strategic relationships with partners like Infosys to accelerate transformation into new service business models and more efficient operations, ultimately to deliver wow experiences to customers. Infosys was recognized in the Leaders category of the recent IDC MarketScape: Worldwide Manufacturing Service Life-Cycle Management Strategic Consulting 2022-2023 Vendor Assessment and IDC MarketScape: Worldwide Manufacturing Service Life-Cycle Management Business Process Outsourcing and Systems Integrators 2022-2023 Vendor Assessment.” To read the reports, please visit: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.<|endoftext|> References: [1] Doc #US48840322, December 2022 [2] Doc #US48840422, December 2022 [3] Doc #US50247922, February 2023 [4] Doc #US48840322, December 2022 [5] Doc #US50247822, March 2023 About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For further information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Positioned as a Leader in the IDC MarketScape: Asia/Pacific Intelligent Digital Workplace Services 2023 Vendor Assessment
Author: ['Infosys Limited'] Infosys Positioned as a Leader in the IDC MarketScape: Asia/Pacific Intelligent Digital Workplace Services 2023 Vendor Assessment Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in the IDC MarketScape: Asia/Pacific Intelligent Digital Workplace Services 2023 Vendor Assessment. Infosys was recognized for its intelligent digital workplace services (IDWS) offerings that aim to humanize workplace experiences and build a resilient and sentient enterprise, delivering tangible business outcomes across enterprise productivity, employee experience (EX), and financial performance. The report also noted that Infosys places ‘human experience’ at the center of its workplace offering citing Wongdoody, Infosys' full-service creative and consumer insights agency, which provides expertise to design bespoke workplace experience transformation journeys for customers and employees.<|endoftext|> The IDC MarketScape assessed and analyzed 11 IT service providers from Asia/Pacific region offering intelligent digital workplace services based on a comprehensive framework and set of parameters. The report further acknowledged the IDWS offering by Infosys which is supported by a host of robust solutions and platforms across the entire employee life cycle encompassing EX transformation, engagement enhancement, talent attraction, and retention. These platforms include Launchpad for new employee onboarding, Workplace Suite for AIOps (Artificial Intelligence for IT operations), and Wingspan for personalized, multimodal learning journey design and digital skilling. Additionally, the report, emphasized Infosys’ ability to offer customers a wide breadth of engagement and contractual terms for clients, including establishment of joint ventures, financial engineering, business relationships, outcome and risk-based models for workplace services based on customers' requirements and maturity.<|endoftext|> Pushkaraksh Shanbhag, Associate Research Director, Cloud and IT Services Research, IDC Asia/Pacific, said, "Over the last few years, hybrid work has emerged as the dominant enterprise operational model, bringing with it new and elevated expectations from digital workplace environments — enhanced and customized workplace experiences; a highly instrumented, intelligent, and automated environment to drive productivity and efficiency; and a workplace that can tangibly support enterprise objectives at the highest level. Infosys’ digital workplace services with its well-articulated workplace transformation advisory and implementation capabilities, will be a partner of choice in this age of hybrid work." Rajesh Varrier – EVP, Global Head of Digital Experience and Microsoft Business, Infosys, said, "This recognition by IDC MarketScape is a testament to our unwavering commitment to deliver cutting-edge digital solutions that empower organizations to stay ahead in the ever-evolving business landscape. At Infosys, we continue shaping the future of work and helping our clients achieve their business goals with confidence and agility. With our deep expertise in digital transformation, we are well positioned to help our clients navigate the challenges and opportunities of the digital age and drive meaningful outcomes that create sustainable business impact.” To read this report, please visit: https://www.infosys.com/services/digital-workplace-services/insights/intelligent-digital-workplace-services-2023.html IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Grows Its Footprint in the Nordics with a New Proximity Centre in Oslo, Norway to Enable Digital Transformation Programs Within the Region
Author: ['Infosys Limited'] Infosys Grows Its Footprint in the Nordics with a New Proximity Centre in Oslo, Norway to Enable Digital Transformation Programs Within the Region Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a new Proximity Centre in Oslo, Norway as part of its continued expansion plan in the Nordics. The new state of the art centre will enable Infosys to attract, re-skill, and up-skill local talent to work on global opportunities through next-gen technologies like cloud, AI, IoT, 5G, and software engineering.<|endoftext|> Over the last few years, Infosys has invested and expanded its footprint in the Nordic region with fresh partnerships including the one with Lefdal Mine Datacenter in Norway, strategic acquisitions such as Fluido in Finland and BASE Life Science in Denmark, as well as opening a new proximity center in Gothenburg, Sweden.<|endoftext|> The new Oslo proximity centre will enable Infosys to partner, and work even more closely with its regional customers including Telenor, one of the world’s largest telecommunications companies and DNB ASA, the largest bank in Norway, helping both organizations build and strengthen next-gen solutions and advance their digital transformation journeys.<|endoftext|> Maria Ervik Løvold, Group Executive Vice President of Technology and Services (CIO), DNB ASA, said, “Infosys has been our strategic services partner for over 8 years, and we are very glad to see them expanding their presence in Norway. This shows their commitment to their localization agenda and bringing next generation digital technology skills to the Norwegian Market. We welcome this move and are happy to support Infosys on their continuing journey in Norway and the Nordics.” Torbjørn Larsen, CIO Telenor Norway, commented, “Telenor has chosen Infosys as one of our strategic partners in our digital transformation journey and we are pleased to see Infosys expanding its presence in the Norwegian market. We congratulate Infosys with their new office in Norway, an expansion that will provide a strong foundation for the collaboration between our two organizations. We look forward to continuing our digital transformation journey in partnership with Infosys.” Lisbeth Hammer Krog, Mayor of Bærum Municipality, said, “The opening of the new office in Bærum and Norway is a testament to Infosys' commitment and plans for the country. With its focus on digital transformation and innovative solutions, Infosys will undoubtedly contribute to the growth and success of Norwegian companies. We appreciate Infosys' localization agenda and its alignment with the values of trust and integrity that are deeply ingrained in our Nordic culture. We extend our full support as Infosys continues its journey in Norway and we are confident that this partnership will bring significant benefits to our region, the Norwegian market and to their clients.” Anand Swaminathan, Executive Vice President & Global Industry Leader - Communications, Media and Technology at Infosys, said, “We are thrilled to fortify our presence in the Nordics with the new office in Oslo, Norway. This expansion demonstrates our commitment to delivering exceptional services to Norwegian clients while addressing their unique challenges and building next-generation solutions. With the new office in place, we aim to attract local talent and bring next-generation technology to Norwegian companies embarking on their digital transformation journey. With an unparalleled combination of local talent and world-class technologies, we are confident that we will serve as a hub for innovation and will empower clients across the Nordics to become future-ready.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys and Roland-Garros Serve Up New AI-Powered Experiences for the Tennis Ecosystem
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, and the French Tennis Federation (FFT) have today revealed new innovations that will continue their partnership to transform and power the game in novel, smarter more immersive ways. The innovations, powered by cloud, AI, mixed reality, and data & analytics will take fan engagement to a whole new level while continuing to empower players, coaches, media, tournament organizers, and the community.<|endoftext|> Fan Engagement – Powered by Mixed Reality (XR) and AI-enabled motion analysis Fans can practice and measure their serving skills just like the pros at the all-new Infosys x Wilson Smash Corner at Roland Garros. Using high-tech cameras, Infosys technologies will record and super impose individual’s serves on Court Philippe-Chatrier, just as if they were serving on the main court. The participant will also be provided tailored serve analysis and feedback on their posture and performance to enhance their technique, enabling access to pro-level analysis for every fan.<|endoftext|> In addition, Infosys will continue to drive the enhancements to existing Match Center features as well as powering the RG Fantasy Game. The Infosys Tennis Virtual Reality Experience will place fans at the center of a virtual game and give them the opportunity to take part in matches against the game's best.<|endoftext|> Media Enablement – A New Excitement Rating tool A new analytical feature has been added to Infosys’ AI-Assisted Journalism tool, to help media track and report from the court to fans at home. An insight-driven tool that is designed to help journalists report accurately on the tournament, this AI powered feature picks up on multiple factors such as match length and crowd noise in the stadium to rate the levels of excitement and tension surrounding the game, bringing fans across the globe closer to the action and atmosphere.<|endoftext|> Player Performance – An AI powered tool to drive performance advantage AI videos, an advanced match strategy tool deployed by Infosys in 2019 at RG has been further enhanced with new innovations such as player tendencies, which analyses efficacy of their first and second serves and their returns to provide an accurate correlation between their reactive tendencies and win rate. Another new feature launched is ‘Get in the zone’ where AI curates custom video playlists and loads all the winning trends against specific opponents to positively influence the players mindset pre-match.<|endoftext|> Community Engagement – Inspiring the next generation Building on the success of last year's STEM program, powered by Infosys’ Springboard, Infosys and the FFT will be providing a unique two-day program aimed at children with a passion for science, technology, and tennis to inspire students to explore the interplay between sport and STEM.<|endoftext|> Tournament Heritage – Unveiling the Yannick Noah Room at the 3D Art Museum The Infosys Roland-Garros 3D Art Museum, a dedicated digital space to the 130-year tournament heritage, is unveiling the Yannick Noah Room that marks the 40-year anniversary of Yannick Noah’s historic Grand Slam win in 1983. Bringing culture, sport and technology together, the room will consist of 3D immersive exhibits, a video wall and an all-new AR experience that lets visitors re-live Noah’s winning point in an augmented reality experience.<|endoftext|> Sumit Virmani, EVP and Chief Marketing Officer, Infosys, said, “Now in its fifth year, this partnership continues to help transform and propel the sport forwards, for the better. Several new innovations this year have been powered by Infosys Topaz and bring an AI-first approach to reimagine the RG tournament in fresh new ways for fans, media and crucially players, leaning on the sport’s heritage while powering and inspiring future generations. We are truly excited with the potential of technology powered transformative progress that continues to make Roland Garros amongst the most exciting grand slams for the billion fans of the sport around the world.” Amélie Mauresmo, Tournament Director Roland-Garros, said, “Infosys has amplified the reach of the tournament over the past five years, while adding real value to everyone in the game. As Digital Innovation Partner, their focus on taking the game into new dimensions while preserving the culture heritage of Roland-Garros with digital platforms has helped us engage deeper with those on and beyond the court in a meaningful way. We will continue to find avenues to make the tournament more iconic and innovative with technology.” The tournament runs from 28th May 2023 to 11th June 2022. To experience the latest digital innovations, visit Roland-Garros.com.<|endoftext|> For more information on the partnership visit: Infosys.com/Roland-Garros.<|endoftext|> About Roland-Garros In the eyes of sports fans, and indeed the general public, Roland-Garros is an unmissable event. The 2023 edition of Roland-Garros will be broadcasted in 223 countries worldwide, confirming the tournament's status as a first-class international sporting event. Organised by the French Tennis Federation, Roland-Garros is the only Grand Slam tournament to be played on clay, one of the oldest and most noble surfaces in the history of tennis.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 56 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Appoints Helene Auriol Potier as an Independent Director
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next generation digital services and consulting, today announced the appointment of Helene Auriol Potier (DIN: 10166891) as an Independent Director of the Company, effective May 26, 2023. This appointment is based on the recommendation of the Nomination and Remuneration Committee of the Infosys Board, and is for a period of three years, subject to the approval of shareholders.<|endoftext|> Ms. Helene Auriol Potier has built her career in digital technologies and in the telecommunications industry. A truly global career spanning multiple geographies, including the United States, Europe, Africa, and Asia.<|endoftext|> She started her career in New York in telecommunications in 1986. In 1990, Helene joined the Canadian mobile technology company Nortel Networks Corporation where she spent 15 years and held various senior leadership positions among which were also Vice President Sales Mobile Division Worldwide and Vice President Services & Operations EMEA.<|endoftext|> In 2005, Helene joined Dell Inc. She was the CEO Africa, Mediterranean and CEE.<|endoftext|> She joined Microsoft Corporation in 2008. During her 10 years tenure at Microsoft, she served in various senior leadership capacities including CEO Microsoft Singapore and, Managing Director Artificial Intelligence Europe.<|endoftext|> From November 2018 to December 2020, she was Executive Vice-President in charge of International Business B2B for Orange.<|endoftext|> Helene is often called to speak on the topics of digital transformation, corporate governance and ESG.<|endoftext|> She served as independent director on the boards of US listed company Mimecast Limited until May 2022, Ispen S.A. until May 2018 and Faiveley Transport S.A. until November 2016.<|endoftext|> Helene received a Master of Science in Engineering from Telecom Paris and an Executive MBA from INSEAD.<|endoftext|> Helene currently serves as independent non-executive director on the boards of Safran S.A., Accor S.A., Randstad N.V. and Oddo BHF S.C.A. She chairs the Accor board ESG committee and Oddo BHF board compensation committee. Helene is also ESG co-chair and board member at Institut Français des Administrateurs, (IFA), the French association of corporate directors. She is also a senior advisor at a leading global private equity firm.<|endoftext|> Welcoming Helene to the Board, D. Sundaram, Lead Independent Director and Chairperson of the Nomination and Remuneration Committee, Infosys, said, “We are delighted to welcome Helene to the Board of Infosys. Her expertise in the domains of digital transformation and ESG, and her deep insights into key global markets and technology will be invaluable for us.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Springboard Collaborates with Adobe Training to Transform Digital Workforce of the Future
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with Adobe to transform the digital workforce through Infosys’ online learning platform, Infosys Springboard, under its Tech for Good charter. Both organizations will aim to create over 10,000 new Adobe certified experts globally by 2025.<|endoftext|> Through this engagement, Infosys will help reskill and bridge the skill gap of aspirants by enabling free access to advanced digital learning content offered by Adobe on Infosys Springboard. Aspiring professionals as well as lifelong learners can explore their interests and access Adobe’s curriculum to learn more about Adobe Experience Cloud. The collaboration will help deliver corporate learning experiences available on any device and create a pool of upskilled, aspiring professionals.<|endoftext|> Anil Chakravarthy, President, Digital Experience Business at Adobe, said, “To succeed in today’s digital economy, it is imperative that businesses focus on ensuring the ongoing readiness and success of their most important asset, their own people. Scalable training can help bridge the tech talent gap, and our collaboration with Infosys will empower the future workforce to upskill their digital proficiencies using Infosys Springboard.” Rajesh Varrier, EVP, Head Americas and Global Head of Digital Experience, Infosys, said, “Infosys Springboard is designed to empower people, communities, and society with skills to be successful in the 21st century. Together with Adobe, we will provide free access to Adobe’s training program to develop digital competence at scale, create a skilled workforce and enhance employability.” Congruent with its ESG Vision 2030, Infosys aims to enable digital skills at scale and empower over 10 million people in India by 2025 through the Infosys Springboard program. Infosys Springboard continues to expand its reach to learners by growing its thriving community to more than 5 million registered users in India, since its launch.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Launched today: Infosys Topaz - An AI-first offering to accelerate business value for global enterprises using generative AI
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today launched Infosys Topaz - an AI-first set of services, solutions and platforms using generative AI technologies. It helps amplify the potential of humans, enterprises and communities to tap into the next generation of opportunities to create value from unprecedented innovations, connected ecosystems and pervasive efficiencies. Infosys Topaz leverages Infosys applied AI framework to build an AI-first core that empowers people to deliver cognitive solutions that accelerate value-creation.<|endoftext|> Accelerate growth: Infosys Topaz converges the power of Infosys Cobalt cloud, and data analytics to AI-power business, deliver cognitive solutions and intuitive experiences that revitalize growth. Over 12,000 use cases, help seed and fast track new ideas. For example, a food and beverages chain leveraged Infosys Topaz to autonomously connect unconnected data signals coming in from new partners to deliver superior off-store consumer experience with >95% accuracy. Infosys Topaz Generative AI Labs delivers ready-to-use industry solutions to bring the value of AI to more functions, thus helping businesses become more cognitive, faster.<|endoftext|> Build connected ecosystems: Infosys Topaz democratizes data and intelligence to bring value to more participants in the connected ecosystem, enabling them to create disruptive business models, AI-led products, services and new revenue streams. For example, a national railway company took advantage of Infosys Topaz to build a smart hub for profitably creating agile value-chains, with best-fit partners from the market, for functions such as first and last mile logistics. Infosys Topaz enables businesses, across industries, with support from an ecosystem of over 100 industry networks and partnerships.<|endoftext|> Unlock efficiencies at scale: Infosys Topaz creates efficiencies across the enterprise. Infosys’ AI-first specialists use smart tools, platforms, and autonomous software engineering for business agility. Infosys Topaz drives organization-wide synergies by reimagining user personas, data architecture and engineering blueprints for the future. It also helps build self-supervisory capabilities from harnessing enterprise knowledge with generative AI. For example, a British bank used Infosys Topaz to transform over 2000 customer service processes to operate in near real-time instead of a week.<|endoftext|> Salil Parekh, CEO & MD, Infosys, said, “Infosys Topaz is helping us amplify the potential of people – both our own and our clients’. We are seeing strong interest from our clients for efficiency and productivity-enhancing programs, even as businesses are keen to secure their future growth. Our own business operations have been hugely benefited by Infosys Topaz bringing the power of generative AI platforms and data solutions. Today, our clients are building new paths to expand revenue-creating opportunities and grow with Infosys Topaz.” Infosys Topaz is an asset for businesses across verticals and geographies: Caroline Flaissier, General Manager of the Fédération Française de Tennis (FFT), said, “We are delighted to be using Infosys Topaz to improve the experience lived by players, viewers and fans, journalists, and broadcast partners. At Roland-Garros, we have always believed in an AI-first approach to re-imagine our sport. AI-powered videos help players analyze their performance and match strategy, AI-Assisted Journalism helps journalists produce more insightful reports, and the match center, powered by AI-driven insights, helps fans understand every nuance of the game, beyond the numbers. All these innovations help us amplify the way Roland-Garros is experienced, and our partnership with Infosys, renewed in 2022, has been instrumental in keeping our tournament at the cutting edge of sports innovations.” Hemanth Adapa, Product Owner, Predictive Analytics at British Telecom, said, “As part of our continuous efforts to deliver value for our clients, at British Telecom, we engaged with Infosys Topaz to offer AI-powered predictive analytics for various domains such as network performance, sustainability, and security. This has been recognized and appreciated by our clients who can now amplify their mission-critical services with never-before reliability.” “As organizations look to AI to solve business challenges, from improving efficiency to driving growth, AI-powered innovations need to be purpose-built to create enterprise-scale impact. Offerings like Infosys Topaz provide enterprises with services, frameworks, solutions, and platforms to help organizations not only reengineer business and IT processes but also accelerate ROI from AI services and solutions,” said Jennifer Hamel, Research Director, Analytics and Intelligent Automation Services at IDC.<|endoftext|> Infosys is taking an AI-first approach to its own transformation. The company is applying Infosys Topaz to bring the power of generative AI, analytics and cloud to accelerate its own market offering evolution, enterprise transformation, even as it builds incremental value from micro-changes, to improve client service, reimagine business processes, software engineering and boost productivity. Nearly 50,000 reusable intelligent services, applied in over 25,000 instances, amplify employees today.<|endoftext|> For a quick overview of Infosys Topaz, please watch this video.<|endoftext|> To read more about Infosys Topaz, please visit: www.infosystopaz.com.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Recognized as Number One Service Provider Across the United Kingdom in the Whitelane Research and PA Consulting IT Sourcing Study 2023
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been recognized as the number one service provider across the United Kingdom (UK) in the Whitelane Research and PA Consulting IT Sourcing Study 2023. The report ranked Infosys as an “Exceptional Performer” in the categories of Digital Transformation, Application Services, Cloud & Infrastructure Hosting Services, and Workplace Services. Infosys also ranked number one overall in General Satisfaction, Service Delivery and Account Management Quality.<|endoftext|> Whitelane Research in collaboration with PA Consulting, surveyed over 300 participants of the top IT spending organizations in the UK, engaging over 750 unique IT sourcing relationships and more than 1400 cloud sourcing relationships. These service providers were assessed based on their service delivery, client relationships, commercial leverage, and transformation capabilities.<|endoftext|> Some of Infosys’ key differentiating factors highlighted in the report are: Infosys ranked number one in the UK and as an “Exceptional Performer” in the categories of digital transformation, application services, cloud & infrastructure hosting services, and workplace services.<|endoftext|> Infosys ranked above the industry average by 11 percent, making it one of the top system integrators in the UK.<|endoftext|> Infosys positioned as the leading service provider that can drive transformational change by using innovative technologies and services.<|endoftext|> Wendy Redshaw, Chief Digital Information Officer, Retail, NatWest Group, said, “I congratulate Infosys on attaining the top ranking in the Whitelane Research UK IT Sourcing Study 2023. As a dependable partner of NatWest, Infosys has played a crucial role in implementing strategic transformational and regulatory programs across the bank. Infosys has provided seamless support across various initiatives aimed at improving customer experiences, reducing costs, and boosting revenue. Its innovative mindset, value-based delivery, and dynamic and forward-thinking talent pool all contribute to this success. Together with Infosys, we continue to deliver against our purpose and place our customers at the center of everything we do.” David Hill, Chief Digital Officer at University of Nottingham, said, “Infosys has been a trusted strategic partner of the University since 2017. The team works in partnership with us to deliver a program of support and continuous improvement to help the University optimize and enhance its Student Records Management system alongside successfully achieving a seamless migration to the Oracle Cloud Infrastructure. Well done to Infosys for achieving the top ranking in the 2023 UK IT Sourcing Study.” Diana Kennedy, Group Chief Technology and Architecture Officer, Bupa, said, “Agility and scalability are critical for any healthcare enterprise to thrive in today’s dynamic environment. Infosys has been an integral part in our digital transformation journey, leveraging data to enhance our products and services portfolio. We have leveraged Infosys capabilities to enhance business performance and offer personalized and accessible healthcare services to our customers. I congratulate Infosys for achieving the top rank in the 2023 UK IT Sourcing Study.” Jef Loos, Head of Research Europe, Whitelane Research, said, “The market dynamics are changing at a rapid pace today. Hence, it has become extremely crucial to have business models which are a well-structured mixed bags of high-end offerings and a solid client base. Infosys’ display of extreme professionalism and the quality of their services have rightfully resulted in the team being recognized as the number one service provider in Whitelane’s United Kingdom IT Sourcing Study. Infosys has established itself as a leader in the industry, paving the way for a brighter and more successful future for all.” Hemant Lamba, Executive Vice President & Global Head – Strategic Sales, Infosys, said, “Being ranked as number one service provider across the United Kingdom in the Whitelane Research and PA Consulting 2023 IT Sourcing Study is a result of the team effort that we put in at Infosys to always deliver the best results for our clients. We believe in putting our clients first and remain deeply committed to delivering best in-class excellence as we help our customers navigate their digital transformation journeys.” For more information, please read Whitelane Research's report here.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys and bp Deepen their Relationship to Transform bp’s Digital Application Landscape
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting and bp, a global integrated energy company, announced the signing of a Memorandum of Understanding (MoU) on May 10 to demonstrate their intent for Infosys to be bp’s primary partner for end-to-end application services, including development, modernization, management and maintenance. This strategic engagement further strengthens the long-standing relationship, spanning over two decades, between the two companies.<|endoftext|> As bp pivots towards becoming an integrated energy company with the ambition to be a net zero company by 2050 or sooner and to help the world get to net zero, bp and Infosys will together focus on modernizing bp’s application landscape to enhance business resilience, drive value from operational efficiencies, and build more adaptive and agile processes to speed up innovation. The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives.<|endoftext|> Leigh-Ann Russell, EVP, Innovation & Engineering, bp, said, “We are delighted to further develop our relationship with Infosys to help accelerate our digital transformation and scale growth through tech-enabled operations. Together, we look forward to delivering innovative solutions that meet the evolving needs of our customers and drive growth for the future." Salil Parekh, CEO & MD, Infosys, said, “This is a strategic milestone in our long-standing relationship with bp. As we see global momentum in energy transition, building a strong digital core and scaling it to maximize operational efficiency is a key business imperative. We are now jointly working towards enhancing digital maturity, productivity, and driving innovation for bp. Together, we will leverage the power of digital technologies and advancements in AI to deliver solutions that will help to transform bp’s operational landscape and drive business growth.” Nandan Nilekani, Co-founder and Chairman, Infosys and Leigh-Ann Russell, EVP, Innovation & Engineering, bp About bp bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050 or sooner and help the world get to net zero, and a strategy for delivering on that ambition. For more information, visit bp.com.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: Infosys - PR_Global@infosys.com bp - +44 (0)20 7496 4076, bppress@bp.com
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Infosys Press Release (PR)
Title: Infosys Rated a Leader in Multicloud Managed Services Providers and Cloud Migration And Managed Service Partners by Independent Research Firm
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in both The Forrester Wave™: Multicloud-Managed Services Providers, Q1 2023 and The Forrester Wave™: Cloud Migration And Managed Service Partners In Asia Pacific, Q4 2022 reports.<|endoftext|> In these two assessments, Forrester evaluated 19 different providers across 25+ criteria in each. These evaluations were under three high-level categories: current offering, strategy, and market presence.<|endoftext|> The report ‘Cloud Migration and Managed Service Partners in Asia Pacific’ recognized Infosys for its cloud services offering, which is heavily focused on applications with strong functional and vertical industry solutions. The assessment has been backed by solid customer references, as per the report. The report also stated, Infosys is a good fit for most modernization and migration opportunities, especially application re-implementation in the banking sector and asset-intensive industries such as logistics.<|endoftext|> Referring to Infosys, Bill Martorelli, Principal Analyst, Forrester Research, mentions in The Forrester Wave™: Multicloud Managed Services Providers, Q1 2023 report, “Infosys has assembled cloud assets under the Cobalt brand umbrella. Infosys’ managed cloud practice is rooted in a strong technology vision focusing on applications services, including build, migrate, operate, and modernize services. Its Cobalt cloud program is a collection of services, accelerators, and platforms powered by development assets, engineering assets, and other elements of services delivery under a unified brand. Infosys has been a longstanding player in cloud management technology; Polycloud is the latest iteration.” "Today, hybrid cloud architectures, including a mix of multiple public clouds, private cloud solutions, and on-premises infrastructure, are the norm. Firms in APAC are turning to partners that can orchestrate the end-to-end cloud journey and ongoing optimization of cloud services. However, the rapid evolution of public cloud leaves organizations with short-term knowledge and skill gaps and the long-term problem of managing increasingly complex environments — necessitating a full set of support services from advisory through operations", wrote Sam Higgins, Principal Analyst, and Guannan Lu, Analyst, Forrester Research, in The Forrester Wave™: Cloud Migration And Managed Service Partners In Asia Pacific, Q4 2022 report. Referring to Infosys, they wrote, “Infosys delivers robust end-to-end cloud lifecycle offerings under Infosys Cobalt — a collection of services, solutions, and platforms powered by development and engineering assets and other elements of service delivery under a unified framework." "We are honored to be recognized as a leader in these two key cloud evaluations by Forrester. With Infosys Cobalt, enterprises can benefit from a substantial array of industry cloud solutions, over 35,000 cloud assets, and blueprint services and platforms to accelerate innovation at scale on their hybrid cloud journey. We believe this recognition highlights our unwavering commitment to delivering the best of cloud to our clients and reaffirms how Infosys Cobalt helps our clients navigate uncertainties in the business landscape and achieve concrete business outcomes,” said Anant Adya, EVP - Infosys Cobalt, Infosys.<|endoftext|> A complimentary copy of The Forrester Wave™: Multicloud-Managed Services Providers, Q1 2023 report can be accessed here.<|endoftext|> To learn more about Infosys Cobalt hybrid cloud offerings, please visit: www.infosys.com/cobalt About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: The next growth lever in BFS is a collaborative ecosystem – 44% of BFS respondents believe that in just two short years, ecosystems will be key to driving growth finds new study from Infosys and HFS R
Author: ['Infosys Limited'] Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled the findings of the banking and financial services study conducted in collaboration with HFS Research, a leading global analyst firm. The study, “The ecosystem imperative: How to create new sources of value in BFS enterprises,” reveals that BFS enterprises, torn between macroeconomic challenges and exciting innovation potential, identify the creation of ecosystems as the new hope for driving growth and creating new forms of value.<|endoftext|> Key findings of the research: Revenue growth (29%) and profitability (26%) are still top business objectives for firms, joined by a new contender—the creation of collaborative ecosystems to drive new forms of value (24%).<|endoftext|> In just two short years, 44% of BFS respondents believe they will be driving growth through ecosystems. But without an interim stage of enterprise modernization, these efforts may fail.<|endoftext|> Acquiring and retaining talent, lack of centralized data governance and legacy tech are the biggest roadblocks to ROI from innovation investments.<|endoftext|> BFS enterprises are turning to collaborators with much higher expectations for enabling their paths to new value. The collaborators of choice for help addressing these issues are full-service firms (65%) and, increasingly, fintechs (60%).<|endoftext|> Amid challenging macroeconomic circumstances, respondents indicate that the new measure of a strategic collaborator is the provision of both cost and transformation. Cost alone is no longer enough.<|endoftext|> Dennis Gada, EVP and Industry Head – Financial Services, Infosys, said, “The leading banking and financial services firms are eager to leverage the power of new technologies and create new value streams through sustainable banking, real-time payments and digital trust, but are faced with today’s macroeconomic challenges and evolving customer expectations. As a result, and as our study found, savvy enterprises are driving opportunities with ecosystem collaborators to help accelerate their transformation journey and make rapid progress against their innovation goals.” Elena Christopher, Chief Research Officer, HFS Research, and report co-author, said, “Given the challenging macroeconomic circumstances exacerbated by banks’ liquidity crisis, financial services firms are seeking ways to make a practical impact. Our study shows firms are keen on creating new value with ecosystem collaborators. To activate this, banks must address their modernization needs.” The study defines ecosystems as collaboration across multiple organizations with common objectives to create new sources of value. This ecosystem imperative is wildly exciting. It is also wildly unrealistic unless BFS enterprises take measured steps to address enterprise modernization and decades of tech and process debt.<|endoftext|> The study aligned BFS respondents across an innovation maturity framework: Horizon 1: Functional digital optimization, the current state, required to survive Horizon 2: End-to-end enterprise modernization, the required state, necessary to thrive Horizon 3: New value creation through ecosystems, the future state, the opportunity to lead Fifty percent of respondents are currently at Horizon 1, focused on digital optimization. In two years, this will change direction, with 44% expecting to achieve Horizon 3, where ecosystem transformation focuses on leveraging relationships to drive new forms of value. The path to Horizon 3 must include Horizon 2, enterprise transformation as one can’t get there from here otherwise. Failure to do so will limit ecosystem collaboration with others such as fintechs.<|endoftext|> This is the first study in a four-part series, in which Infosys and HFS Research surveyed 450 banking and financial services leaders across the Global 2000 to examine what’s driving the demand for business innovation and growth at scale, and why these firms are realizing they need to make rapid progress. The series will continue with drill-down spotlights on innovation and ecosystems in payments, commercial banking, and wealth and asset management.<|endoftext|> To read the full report, click here.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> About HFS Research HFS is a unique analyst organization that combines deep visionary expertise with rapid demand-side analysis of the Global 2000. Its outlook for the future is admired across the global technology and business operations industries. Its analysts are respected for their no nonsense insights based on demand-side data and engagements with industry practitioners.<|endoftext|> HFS Research introduced the world to terms such as “RPA” (Robotic Process Automation) in 2012 and more recently, Digital OneOffice™and OneEcosystem™. The HFS mission is to provide visionary insight into the major innovations impacting business operations such as Automation and Process Intelligence, Blockchain, the Metaverse and Web3. HFS has deep business practices across all key industries, IT and business services, sustainability, and engineering.<|endoftext|> Read more about HFS and our initiatives at www.hfsresearch.com Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information contact: PR_Global@infosys.com or info@HFSresearch.com.<|endoftext|>
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Infosys Press Release (PR)
Title: SolarWinds Accelerates Shift to SaaS Model for Observability, Monitoring, and ITSM Solutions Through Collaboration with Infosys
Author: ['Infosys Limited'] SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, and Infosys (NSE, BSE, NYSE:INFY), a global leader in next-generation digital services and consulting, today announced a collaboration to advance the shift of SolarWinds solutions to a new SaaS model. Through this engagement, Infosys will leverage its engineering capabilities to accelerate the SaaSification of SolarWinds products and platforms built to provide customers increased visibility in highly complex hybrid and multi-cloud environments.<|endoftext|> This collaboration is a key component of the SolarWinds strategy to offer accessible, highly effective, and value-based solutions built to empower its customers to accelerate their digital transformation efforts—regardless of where they are on their journey to the cloud. SolarWinds recently launched its first fully integrated cloud-native solution with the launch of SolarWinds Observability on October 19, 2022. The new SaaS platform provides unified and comprehensive visibility for today’s modern, distributed, hybrid, and multi-cloud IT environments. The collaboration with Infosys will enable SolarWinds to accelerate its own path to SaaSification to continue serving customers whether they are fully on-premises, hybrid, or fully in the cloud.<|endoftext|> As more companies move IT systems and business functions from on-premise to the cloud, it has become more important than ever for enterprises to underpin their practices with robust, secure multi-cloud and hybrid cloud solutions. SolarWinds believes this will accelerate its go-to-market strategy by shifting the company’s industry-leading on-premises products to SaaS-based models.<|endoftext|> SolarWinds chose Infosys to assist in accelerating its SaaSification journey for its rich cloud capabilities and proven success in advancing enterprise cloud journeys. With Infosys Cobalt, SolarWinds gains access to over 35,000 assets and over 300 industry cloud solution blueprints designed to make its transition from on-premises to SaaS seamless.<|endoftext|> Sudhakar Ramakrishna, SolarWinds President and CEO, said, “We’re excited to work with Infosys to transform our application delivery in a software-as-a-service model. We’ve already begun moving to our new SaaS model with the launch of our comprehensive SolarWinds Observability offering and we now have a framework to quickly transition our other monitoring and observability solutions across network, infrastructure, systems, database, applications, and ITSM to this new model. With Infosys, we’re confident we’ll be able to drive more market share with SaaSification.” Rohini Kasturi, SolarWinds Chief Product Officer, said, “Ensuring a smooth customer experience—regardless of where our customers are on their cloud journeys—is vital to our success at SolarWinds. Our collaboration with Infosys will enable us to modernize our customers’ operations while improving their business outcomes. We’re excited to take advantage of working with Infosys to further embrace SaaSification.” Anand Swaminathan, EVP, Communications, Media, and Technology for Infosys, said, “Our goal at Infosys is to enable the SaaSification of products and platforms to accelerate digital transformation. With Infosys Cobalt, we are excited to help SolarWinds’ successfully navigate their digital transformation journey to deliver on customer expectations and boost revenue.” About SolarWinds SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, secure observability and IT management software built to enable customers to accelerate their digital transformation. Our solutions give organizations worldwide—regardless of type, size, or complexity—with a comprehensive and unified view of today’s modern, distributed, and hybrid network environments. We continuously engage with IT and service operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) to understand the challenges they face in maintaining high-performing and highly available IT infrastructures, applications, and environments. The insights we gain from them, in places like our THWACK community, allow us to address customers’ needs now and in the future. Our focus on the user and commitment to excellence in end-to-end hybrid IT management has established SolarWinds as a worldwide leader in solutions for observability, IT service management, application performance, and database management. Learn more today at www.solarwinds.com.<|endoftext|> The SolarWinds, SolarWinds & Design, Orion, and THWACK trademarks are the exclusive property of SolarWinds Worldwide, LLC or its affiliates, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other SolarWinds trademarks, service marks, and logos may be common law marks or are registered or pending registration. All other trademarks mentioned herein are used for identification purposes only and are trademarks of (and may be registered trademarks of) their respective companies.<|endoftext|> © 2023 SolarWinds Worldwide, LLC. All rights reserved.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation Collaborates with GoSports Foundation to Launch ‘Girls for Gold’ Program for Aspiring Women Athletes across India
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it is collaborating with GoSports Foundation to build the ‘Girls for Gold Program’, a high-performance excellence program for junior and emerging women athletes. This program, spanning an initial term of four years, will identify and support progression of talented Indian women athletes between 13 to 19 years of age through collaborations with high potential academies and coaches in India. The program will include scholarships, coaching, access to academies, and performance recognition.<|endoftext|> The program will follow a three-pronged approach. First, it will establish a strong cohort of women athletes who will be equipped to compete at the international level, help them build sustainable careers, and nurture them to become role models for the next generation. Secondly, it will build a pipeline of qualified and capable coaches who will help realize the aspirations of athletes and create an atmosphere of sustained sporting excellence. Third, it will help tech-enable the identified academies to make them world class training centers.<|endoftext|> The first cohort of supported academies range across five sporting disciplines, that comprise shooting, boxing, weightlifting, table tennis and badminton. The academies identified as the inaugural beneficiaries of the program are: Lakshya Shooting Club Mary Kom Regional Boxing Foundation Sathish Sivalingam Weightlifting Foundation Raman TT High Performance Centre Yadav Pro Badminton Academy More academies may be considered for support as the program expands. A Champions Advisory Board has been created, comprising sports personalities that include former Indian shooter and Arjuna awardee Suma Shirur, former national table tennis champion B Bhuvaneswari, and amateur boxing champion and Padma Vibhushan awardee MC Mary Kom.<|endoftext|> “We truly appreciate Infosys Foundation’s commitment to creating cutting-edge avenues for girls and young women to become sporting champions for India. The holistic model of the ‘Girls for Gold Program’ builds the ecosystem by investing in human and institutional capacity and creating talent pathways for future generations. We are confident of the impact that this unique program will have on the lives and careers of women athletes we will support and, more broadly, on Indian sport”, said, Deepthi Bopaiah, CEO – GoSports Foundation.<|endoftext|> Sumit Virmani, Trustee, Infosys Foundation, said, “At Infosys Foundation, a deep-rooted focus on education and women empowerment have been a key priority over the years. Collaborating with GoSports Foundation furthers this long-standing commitment to empower aspiring women athletes with a holistic ecosystem that can help nurture their dreams. Excellence in sports is a driver of social change and we are confident that this collaboration will help these talented young women realize their potential in sports, in an environment amplified with scientific, and tech-enabled processes.” L-R (clockwise from top): Nandan Kamath, Managing Trustee, GoSports Foundation, Sathish Sivalingam, Olympian, Sathish Sivalingam Sports Foundation, Siddharth Shirur, Secretary, Lakshya Shooting Club, Sumit Virmani, Trustee, Infosys Foundation, Abishek Laxminarayan, Trustee, GoSports Foundation, Shrutee Khurana, Director, Infosys Foundation, Capt. Shanthi, Program Director of Education, Infosys Foundation, B Bhuvaneshwari, Commonwealth medalist, Raman TT High Performance Centre, MC Mary Kom, Olympic medalist, Mary Kom Regional Boxing Foundation, Deepthi Bopaiah, CEO, GoSports Foundation.<|endoftext|> To know more about the collaboration, please visit: Girls for Gold – An Initiative by Infosys Foundation and GoSports Foundation About GoSports Foundation The GoSports Foundation is a national award-winning non-profit organization working towards the development of over 200 of India’s talented, emerging and elite athletes, competing across Olympic, Paralympic, Commonwealth, and Asian Games disciplines, through its scholarship, support, and knowledge-building programs.<|endoftext|> For more information, visit: www.gosportsfoundation.in About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: Infosys: PR_India@infosys.com GoSports: shripoorna@gosports.in
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Infosys Press Release (PR)
Title: Infosys teams up with Walmart Commerce Technologies to deliver scalable omni-channel solutions to retailers
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a new collaboration with Walmart Commerce Technologies to help retailers leverage technology solutions that simplify customer and store employee experiences. Infosys will help retailers implement and use Store Assist, which enables them to provide seamless omnichannel experiences such as pickup, delivery and ship from store for both employees and customers.<|endoftext|> Infosys has an industry leading Consumer and Retail focused practice that has been helping retailers, consumer tech, consumer packaged goods and logistics companies navigate their next through digital and emerging technologies over the last three decades. Through platforms like Infosys Equinox, partner products, and leading digital capabilities, Infosys has helped over 190 retailers globally transform themselves into sentient enterprises by augmenting their core digital capabilities, advancing their operating models and transforming their talent for the future.<|endoftext|> Karmesh Vaswani, EVP & Global Head – Consumer, Retail & Logistics, Infosys, said, “To navigate an increasingly complex supply chain and serve the modern intelligent shopper the way they want, retailers are looking for innovative ways to deliver seamless omni-channel experiences with convenient fulfilment options. Infosys is proud to work with Walmart Commerce Technologies to enable retailers to implement Store Assist, thereby improving digital retail experience for customers and store employees.” The Store Assist app is built on the same fulfilment technology that Walmart stores leverage, giving retailers access to decades of operating expertise from the Fortune 1 company. With Store Assist, retailers can optimize in-store fulfilment by increasing picking accuracy, speed, and efficiency. Store associate productivity can be enhanced through order queueing, multi-order batch picking and prioritized pick paths, all enabled in the Store Assist app. It also provides a seamless handoff experience between employees and customers, whether they’re picking up orders in-store or curb side, having them shipped, or getting last-mile delivery – all while letting businesses maintain control of their customers' experience.<|endoftext|> Store Assist is a lightweight, cloud-based, API-first solution that seamlessly integrates into a retailer's existing Commerce or OMS platform, including dedicated integrations with out-of-the-box capabilities for Salesforce and Adobe customers.<|endoftext|> Sunil Kumar, Vice President and General Manager of Walmart Commerce Technologies, said, “Infosys is a trusted partner to businesses that are navigating their digital transformation. We are excited to have Infosys help streamline implementation of the Store Assist app and to serve as a trusted system integration team for our customers.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Brent Council Extends Collaboration with Infosys to Provide Free Digital Learning for Local Small and Medium-Sized Enterprises
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an extended collaboration with Brent Council that will see its digital learning platform Springboard made available to local small and medium-sized enterprises (SMEs).<|endoftext|> Springboard is Infosys’ flagship digital learning platform designed to empower people, communities, and society with skills to be successful in the 21st century. Since first launching in Brent in 2021, Springboard has seen over 48,000 people sign up to the platform, positively impacting digital literacy and inclusion rates in the local area. The platform has helped residents of all ages upskill.<|endoftext|> The next phase of its rollout across Brent will deliver continued access to digital skills training and mentorship for local businesses, helping SMEs unlock new opportunities to innovate and become digitally enabled enterprises. The collaboration is underpinned with an aim to support the building of a robust workforce and bolster local economic growth via investment in digital skills. Infosys Springboard aims to: Be available to everyone for free and designed to increase digital literacy across the board, including individual residents, schools and business owners.<|endoftext|> Support digitally engaged communities and make devices and digital assets available to those who cannot afford them.<|endoftext|> Empower digitally enabled local enterprises, helping entrepreneurs realise their ideas or small and medium sized businesses improve their services through digital efforts.<|endoftext|> Speaking on the partnership, Councillor Muhammed Butt, Leader of Brent Council, said: “From the basics of business communications to driving sales through online marketing, the digital skills taught through Springboard have the potential to open up a wealth of opportunities for our small business community. This platform will help ensure Brent businesses not only have the skills they need to survive, but thrive, in the digital age.” Thirumala Arohi, Senior Vice President, and Head – Education, Training and Assessment, Infosys, said: “Upskilling and widening access to digital education are key priorities for us at Infosys. I’m delighted that we are expanding this unique partnership with Brent to build on our mutual goal to promote digital inclusion and maximize access to digital skills training, taking learners from beginner through to expert. I am certainly looking forward to seeing what local businesses in Brent can go on to achieve as a result.” For more information about Infosys Springboard, please click HERE.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> About Brent Council Brent Council is the local authority for the London Borough of Brent, which is located in North West London. Brent is currently home to around 339,800 residents and is the 5th largest London borough in terms of population size.<|endoftext|> Brent is a tremendously vibrant London borough where the iconic arch of Wembley Stadium dominates the skyline. Spanning both inner and outer London, it is a borough of huge contrasts in terms of its economic, environmental, ethnic and social make up. Brent’s diversity is evident to all who visit our borough and our long history of ethnic and cultural diversity has created a place that is truly unique and valued by those who live and work here.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Launches the Live Operations Platform in Collaboration with ServiceNow to Boost Customer Experience for Telecom Providers
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with ServiceNow, a leading digital workflow company, to launch the Infosys Live Operations platform, aimed at enhancing customer experiences (CX) for telecom providers.<|endoftext|> Infosys leveraged ServiceNow technology to build Infosys Live Operations, which seamlessly integrates with legacy and digital environments to simplify business operations by application rationalization and technology stack optimization. As part of Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, Infosys Live Operations will help telecom service providers reduce time-to-market and make feature-rich products. The platform aims to deliver up to 95 percent improvement in operational efficiency, a 10-20 percent increase in quality of service and experience, and a 40 percent reduction in operational costs.<|endoftext|> Narsimha Rao Mannepalli, EVP, Co-head of Delivery and Head – Cloud, Infrastructure and Cybersecurity, Infosys said, “Today, telecom service providers face unique challenges, one of which is commoditization of connectivity. As they look at increasing customer relevance, Infosys Live Operations platform provides a differentiated edge by improving the quality of customer service while simplifying business service operations. Our continued collaboration with ServiceNow has enabled us to work on many enterprise transformation initiatives and has given us the opportunity to not only emerge as a trusted partner but also a leader in the telecom industry. This latest collaboration will work towards a hyperconnected economy and enable us to provide world-class telecom solutions with an accelerated approach towards digital transformation.” Rohit Batra, Vice President and Head of Telecommunications, Media, and Technology Products at ServiceNow said, “Efficiency and experience are critical for any enterprise to thrive in today’s business environment. Infosys Live Operations platform, powered by ServiceNow, enables telecom service providers with a 360-degree view into customer preference data and insights, which has the potential to increase customer experience and retention. We look forward to our continued collaboration with Infosys in enabling telecom service providers to navigate and succeed in today's rapidly changing environment.” Infosys supports BT Group’s work with ServiceNow and has delivered multiple key projects in the past, using a range of different ServiceNow products and capabilities. Julian Stobbs, Service Insight and Transformation Director, BT Group said, “We have been undergoing a group-wide transformation to optimize customer and employee experience. We worked with Infosys to deliver an ambitious ServiceNow platform for BT, to help enterprises optimize their cost and performance. The key focus for us here is to achieve a radical transformation in user experience for network engineers and achieve a close interworking with service desk agents. This journey will not only enable us to be a competitive player but also help migrate our existing customers from legacy platforms to the cloud, delivering efficiency whilst supporting a more compelling customer experience.” ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys and Aramco Aim to Leverage AI to Create Digitally Connected Employee Experiences
Author: ['Infosys Limited'] Infosys and Aramco Aim to Leverage AI to Create Digitally Connected Employee Experiences Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it signed a Memorandum of Understanding (MoU) with Aramco, one of the world's leading integrated energy and chemicals companies, to collaborate on accelerating their human resource (HR) technology. Together, Infosys and Aramco aspire to bring new insights to HR data and analytics; scale the use of automation tools; and enhance employee experience through artificial intelligence (AI) technologies.<|endoftext|> Infosys also plans to embed digital transformation practices and tools into Aramco’s HR platform, enhancing the overall digital experience for employees to engage more productively. Additionally, Infosys aims to leverage AI to further bolster Aramco’s employee learning and development experiences and reduce skill gaps. This will attempt to help Aramco unlock talent to match people to opportunities in the company.<|endoftext|> The collaboration also intends to work on analysing how automation can optimize repetitive tasks related to HR management through AI-powered learning, reducing time and effort in training delivery. AI-powered analysis will aim to provide insights, track return on investment and support Aramco with algorithmic decision-making to spot trends and identify relevant recruitment channels.<|endoftext|> L-R: Abdul Wahab Mohammed, Senior Director, Middle East and Africa, Infosys, Abdulmohssin Alotaibi, Vice President, Human Resources, Aramco Asia, Joseph Alenchery, Vice President and Global Business Head, EnergyNext, Infosys, Faisal A. Al-Hajji, Senior Vice President, Human Resources, Aramco, Razan Jandali, Manager Human Resources, Planning and Performance Management, Saudi Aramco, Simon Tucker, Managing Partner, Global Consulting Sector Lead, Services, Energy, Utilities & Resources, Infosys Consulting Faisal A. Al-Hajji, SVP Human Resources, Aramco, said, “At Aramco, we are constantly looking to improve employee experience and make our company the best place to work. This collaboration will allow us to explore ways to further upgrade our focus on customer-centricity and transform our digital HR offerings.” Ashiss Kumar Dash, EVP & Global Head - Services, Utilities, Resources and Energy, Infosys, said, “Infosys’ programs for learning and development have been acknowledged and benchmarked globally and we take great pride in them. Through this collaboration, we intend to bring our digital expertise and tools to Aramco’s HR practice to deliver a world-class employee experience. By aiming to incorporate high-level AI and automation into their employee management model, we will attempt to help Aramco scale and enhance their talent model.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Finacle powers XacBank’s Digital Transformation Journey
Author: ['Infosys Limited'] Infosys Finacle powers XacBank’s Digital Transformation Journey Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and XacBank, a leading universal bank in Mongolia, today announced the successful transformation of the bank’s technology landscape with Finacle Digital Banking Solution Suite. The Finacle suite now powers both the retail and corporate banking operations at XacBank, enabling a robust digital foundation for the bank to achieve its growth strategy.<|endoftext|> Highlights: XacBank has implemented a diverse range of modular solutions from Infosys Finacle, spanning key areas such as Deposits, Loans, CRM, Payments, Trade Finance, Limits and Collaterals. These componentized solutions offer comprehensive functionality and flexible product factories that allow for the swift deployment of global innovations through simple configurations. As a result, XacBank is now fully equipped to launch new and innovative products at an accelerated pace.<|endoftext|> The extensive collection of open APIs (application programming interfaces) offered by the Finacle suite has provided XacBank with a solid foundation for seamless integration and collaborative innovation within the larger ecosystem. This enables the bank to effortlessly scale its operations and partner with other organizations to co-create innovative solutions that drive growth and improve customer experiences.<|endoftext|> Finacle has enabled straight-through processing to automate workflows across applications seamlessly, leading to significant time and cost savings while improving operational efficiency.<|endoftext|> XacBank has also implemented the Finacle Treasury Solution, a unified platform with comprehensive capabilities in trading, risk management, and security operations. This solution enables the bank to effectively execute its trading and asset liability management strategies, thereby enhancing its overall financial performance.<|endoftext|> Tsevegjav Gumenjav, Chief Executive Officer, XacBank, said, “We are happy at the successful completion of this much-awaited digital transformation, drawing us closer to our vision to be the preferred universal bank in Mongolia. In this digital-first era, the Finacle platform provides us with the right platform to offer custom offerings for our customers in Mongolia across segments, serving their financial needs in a secure manner. We look forward to scaling new heights with world-class banking and contribute to the larger economic development of Mongolia.” Sajit Vijaykumar, Chief Operating Officer, Infosys Finacle, said, "We are excited to collaborate with XacBank in its digital transformation journey. By deploying Finacle's comprehensive suite of solutions, we are confident that the bank will be able to significantly improve its operational efficiency, enhance customer engagement, and drive innovation. Our collaboration will enable the bank to offer contextual and tailored solutions to its retail and business customers, accelerating the bank’s growth and economic development of the country." About XacBank: Since its founding in 2001, XacBank has created sustainable growth in the banking and financial sector of Mongolia, continuously expanding operations, and has become one of the largest systemic banks. XacBank today provides integrated banking and financial solutions to consumer and MSMEs throughout its over 70 nation-wide branches, serving approximately 1 million customers. To know more, visit www.xacbank.mn About Infosys Finacle Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Financial Information for the Fourth Quarter and Year ended March 31, 2023
Author: ['Infosys Limited'] Results for the Fourth Quarter and Year ended March 31, 2023 Infosys announces results for the fourth quarter and year ended March 31, 2023 on Thursday, April 13, 2023.<|endoftext|> Schedule of events Press release on schedule of events Highlights (IND AS) Standalone and consolidated results and Regulation 33 auditors reports Press releases IFRS USD | IFRS INR Fact Sheet Download Investor Sheet Download Financial Statements IFRS Financial Information Ind AS Standalone | Consolidated Management's comments on the results April 13, 2023 4:30 p.m. (IST) Archived Webcast of Press Conference | Transcript Webcast of conference call April 13, 2023 6:00 p.m. (IST) Archived Earnings conference call - Audio | Transcript
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Infosys Press Release (PR)
Title: ACM Prize in Computing Recognizes Yael Kalai for Fundamental Contributions to Cryptography
Author: ['Infosys Limited'] ACM, the Association for Computing Machinery, today named Yael Tauman Kalai the recipient of the 2022 ACM Prize in Computing for breakthroughs in verifiable delegation of computation and fundamental contributions to cryptography. Kalai’s contributions have helped shape modern cryptographic practices and provided a strong foundation for further advancements.<|endoftext|> The ACM Prize in Computing recognizes early-to-mid-career computer scientists whose research contributions have fundamental impact and broad implications. The award carries a prize of $250,000, from an endowment provided by Infosys Ltd.<|endoftext|> Verifiable Delegation of Computation Kalai has developed methods for producing succinct proofs that certify the correctness of any computation. This method enables a weak device to offload any computation to a stronger device in a way that enables the results to be efficiently checked for correctness. Such succinct proofs have been used by numerous blockchain companies (including Ethereum) to certify transaction validity and thereby overcome key obstacles in blockchain scalability, enabling faster and more reliable transactions. Kalai's research has provided essential definitions, key concepts, and inventive techniques to this domain.<|endoftext|> More specifically, Kalai's work pioneered the study of “doubly efficient” interactive proofs, which ensure that the computational overhead placed on the strong device is small (nearly linear in the running time of the computation being proved). In contrast, previous constructions incurred an overhead that is super-exponential in the space of the computation. Kalai’s work transformed the concept of delegation from a theoretical curiosity to a reality in practice. Her subsequent work used cryptography to develop certificates of computation, eliminating the need for back-and-forth interaction. This work used insights from quantum information theory, specifically "non-signaling" strategies, to construct a one-round delegation scheme for any computation. These schemes have led to a body of work on delegation including theoretical advancements, applied implementations, and real-world deployment.<|endoftext|> Additional Contributions to Cryptography Kalai’s other important contributions include her breakthrough work on the security of the "Fiat-Shamir paradigm," a general technique for eliminating interaction from interactive protocols. This paradigm is extensively utilized in real-world applications including in the most prevalent digital signature scheme (ECDSA) which is used by all iOS and Android mobile devices. Despite its widespread adoption, its security has been poorly understood. Kalai's research established a solid foundation for understanding the security of this paradigm. In addition, she co-pioneered the field of leakage resilient cryptography and solved a long-standing open problem in interactive coding theory, showing how to convert any interactive protocol into one that is resilient to a constant fraction of adversarial errors while increasing the communication complexity by at most a constant factor and the running time by at most a polynomial factor. Kalai's extensive work in the field of cryptography has helped shape modern cryptographic practices and provided a strong foundation for further advancements.<|endoftext|> “As data is the currency of our digital age, the work of cryptographers, who encrypt and decrypt coded language, is essential to keeping our technological systems secure and our data private, as necessary,” said ACM President Yannis Ioannidis. “Yael Kalai has not only made astonishing breakthroughs in the mathematical foundations of cryptography, but her proofs have been practically useful in areas such as blockchain and cryptocurrencies. Her research addresses complex problems whose solution opens new directions to where the field is heading—focusing on keeping small computers (such as smartphones) secure from potentially malicious cloud servers. A true star all around, she has also established herself as a respected mentor, inspiring and cultivating the next generation of cryptographers.” “We are pleased to see one of the world’s leading cryptographers recognized,” said Salil Parekh, Chief Executive Officer, Infosys. “Kalai’s technical depth and innovation of her work has definitely made a tremendous mark in this field and will inspire aspiring cryptographers. We are thankful for her contributions to date and can only imagine what she has in store in the coming years. Infosys has been proud to sponsor the ACM Prize since its inception. Recognizing the achievements of young professionals is especially important in computing, as bold innovations from people early in their careers have a tremendous impact on our field.” Kalai will be formally presented with the ACM Prize in Computing at the annual ACM Awards Banquet, which will be held this year on Saturday, June 10 at the Palace Hotel in San Francisco.<|endoftext|> Biographical Background Yael Tauman Kalai is a Senior Principal Researcher at Microsoft Research and an Adjunct Professor at the Massachusetts Institute of Technology (MIT). Kalai earned a BSc in Mathematics from the Hebrew University of Jerusalem, an MS in Computer Science and Applied Mathematics from The Weizmann Institute of Science, and a PhD in Computer Science from the Massachusetts Institute of Technology.<|endoftext|> Kalai’s honors include the George M. Sprowls Award for Best Doctoral Thesis in Computer Science (MIT, 2007), an IBM PhD Fellowship (2004-2006), an MIT Presidential Graduate Fellowship (2003-2006), and an Outstanding Master’s Thesis Prize (Weizmann Institute of Science, 2001). She is a Fellow of the International Association for Cryptologic Research (IACR). Additionally, Kalai gave an Invited Talk at the International Congress of Mathematics (ICM, 2018).<|endoftext|> About the ACM Prize in Computing The ACM Prize in Computing recognizes an early to mid-career fundamental innovative contribution in computing that, through its depth, impact, and broad implications, exemplifies the greatest achievements in the discipline. The award carries a prize of $250,000. Financial support is provided by an endowment from Infosys Ltd. The ACM Prize in Computing was previously known as the ACM-Infosys Foundation Award in the Computing Sciences from 2007 through 2015. ACM Prize recipients are invited to participate in the Heidelberg Laureate Forum, an annual networking event that brings together young researchers from around the world with recipients of the ACM A.M. Turing Award, the Abel Prize, the Fields Medal, and the IMU Abacus Medal (a continuation of the Rolf Nevanlinna Prize).<|endoftext|> About ACM ACM, the Association for Computing Machinery, is the world’s largest educational and scientific computing society, uniting computing educators, researchers, and professionals to inspire dialogue, share resources, and address the field’s challenges. ACM strengthens the computing profession’s collective voice through strong leadership, promotion of the highest standards, and recognition of technical excellence. ACM supports the professional growth of its members by providing opportunities for life-long learning, career development, and professional networking.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could |
Continue Infosys Press Release (PR)
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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with LexisNexis to Provide Information Services across Content, Enterprise, and Products Applications
Author: ['Infosys Limited'] Infosys Collaborates with LexisNexis to Provide Information Services across Content, Enterprise, and Products Applications Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has extended its collaboration with LexisNexis, a data and analytics company, to provide end-to-end information services across their range of content, enterprise, and product applications.<|endoftext|> Through this engagement, Infosys will provide LexisNexis, end-to-end strategic IT services across multiple business domains that include their global content systems, global business systems and product development. These services will provide application maintenance and support, application development and validation, life cycle upgrades, application modernization, and content modernization.<|endoftext|> As part of the collaboration, Infosys will also provide strategic consultancy for LexisNexis’ downstream, discretionary, and strategic spends. Building further on its 15-year long relationship, Infosys will help ensure continued delivery excellence, while enabling LexisNexis to seamlessly meet expected cost optimization goals and business outcomes.<|endoftext|> Jeff Reihl, Executive Vice President & Chief Technology Officer, LexisNexis, said, “Our longstanding association with the highly experienced Infosys team has shown excellent results. We at LexisNexis aim to deliver the best content, enterprise, and product application services in the market and we firmly believe that by leveraging Infosys for its downstream, discretionary, and strategic programs, will be in our best interest and we are excited to further expand our relationship with Infosys.” Ashiss Kumar Dash, EVP & Global Head - Services, Utilities, Resources and Energy, Infosys, said, “Our relationship with LexisNexis spans over 15 years, and this new long-term agreement is testament to our great collaboration, delivering true value during that time. Over the coming years, we will continue to bring together industry leading digital capabilities across enterprise applications, content systems, cloud, advanced AI, and talent to continue delivering excellence that reflects the everchanging dynamics of this industry. With a focus on delivering greater innovation and seamless experiences, we look forward to supporting LexisNexis retain and excel its position as a market leader.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation and PPBA Successfully Conclude First Sports Conclave
Author: ['Infosys Limited'] Infosys Foundation and PPBA Successfully Conclude First Sports Conclave Infosys Foundation, the philanthropic and CSR arm of Infosys, and the Prakash Padukone Badminton Academy (PPBA) today announced that they have successfully concluded their debut sports conclave at the Padukone-Dravid Centre for Sports Excellence. This event was focused on creating awareness around sports and providing knowledge through experts, to athletes across all disciplines, their parents, and coaches from across India.<|endoftext|> This day-long conclave, which saw participation from over 700 athletes and delegates, was aimed at helping aspiring athletes amplify their talent and dedicated efforts with latest inputs from sports science and related fields. Sporting legends Rahul Dravid and Prakash Padukone, prominent philanthropist, author and former Chairperson of Infosys Foundation, Mrs. Sudha Murty, entrepreneur Mukesh Bansal, former Indian hockey captain Viren Rasquinha, and former national badminton champion Aparna Popat were part of the several panel discussions that took place through the day.<|endoftext|> Paddy Upton of South Africa, who is the former mental conditioning and strategic leadership coach of the Indian cricket team, sports physiotherapist Heath Mathews, also from South Africa, sports nutritionist Aradhana Sharma, and sleep evangelist Mathew Chandy also addressed the audience. Some of the key topics that were covered during these sessions included nutrition and hydration, injury prevention and management, strength and conditioning, and sports psychology. Raghavan Subramanian, Associate VP of Infosys, gave an interesting perspective on the advantage of technology in sports, citing examples of Infosys’ tech collaborations in the field of tennis.<|endoftext|> Sumit Virmani, Trustee, Infosys Foundation, said, “We are delighted that PPBA and Infosys Foundation could bring together athletes, parents, and coaches from different sporting disciplines to gain knowledge from sporting legends and experts. This has been a long-standing vision of the collaboration, which I am glad we could realize. We hope that believe that this conclave has helped further educate, motivate, and equip our young athletes with the right information relevant insights and tools they need to strive for all round excellence, and realize their dreams.” Prakash Padukone, Co-founder of PPBA, commented, “This Conclave has been started with a vision to support our athletes with the necessary exposure to the latest know-how and practices that they can use for raising their game to a higher level in a sustained manner. We hope that this will be the harbinger of more such events that can we organize together with Infosys Foundation, for the benefit of all our athletes across different disciplines.” Infosys Foundation announced a long-term collaboration with PPBA in 2019, to support the Academy’s talented players to compete and excel in various national and international sporting competitions.<|endoftext|> About Prakash Padukone Badminton Academy: PPBA has been dedicated to the cause of furthering the growth of Indian badminton since it was launched more than 25 years ago on October 1, 1994. Located in Bengaluru, the Academy is the brainchild of Mr. Prakash Padukone, Mr. Vimal Kumar and Mr. Vivek Kumar all stalwarts of Indian Badminton. PPBA is India’s premier trailblazing badminton coaching academy that has groomed successive generations of top-notch men’s and women’s talent in the country since its inception. Presently, the Academy is located at the Padukone-Dravid Centre for Sports Excellence in Yelahanka, Bengaluru. For more information, please visit our website: www.ppba.in About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@infosys.com
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Infosys Press Release (PR)
Title: Infosys Recognized as the Top Service Provider Across Nordics in the Whitelane Research and PA Consulting IT Sourcing Study 2023
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been recognized as one of the top service providers in the Nordics, achieving the highest awarded score in Whitelane Research and PA Consulting’s 2023 IT Sourcing Study. The report ranked Infosys as the number one service provider and an “Exceptional Performer” in the categories of Digital Transformation, Application Services, and Cloud & Infrastructure Hosting Services. Infosys also ranked number one in overall General Satisfaction and Service Delivery.<|endoftext|> For the report, Whitelane Research and PA Consulting, the innovation and transformation consultancy, surveyed nearly 400 CXOs and key decision-makers from top IT spending organizations in the Nordics and evaluated over 750 unique IT sourcing relationships and more than 1,400 cloud sourcing relationships. These service providers were assessed based on their service delivery, client relationships, commercial leverage, and transformation capabilities.<|endoftext|> Some of Infosys’ key differentiating factors highlighted in the report are: Infosys ranked as a top provider in the Nordics across key performance indicators on service delivery quality, account management quality, price level and transformative innovation Infosys’ ranked above the industry average by 8 percent year-on-year, making it one of the top system integrators in the Nordics Infosys is positioned as a “Strong Performer” in Security Services and scored significantly above average on account management Arne Erik Berntzen, Group CIO of Posten Norge, said, “Infosys has been integral in helping Posten Norge transform its IT Service Management capabilities. As Posten’s partner since 2021, Infosys picked up the IT Service Management function from the incumbent, successfully transforming it through a brand-new implementation of ServiceNow, redesigning IT service management to suit the next-generation development processes and resulting in a significant improvement of the overall customer experience. I congratulate Infosys for achieving the top ranking in the 2023 Nordic IT Sourcing Study.” Antti Koskelin, SVP & CIO at KONE, said, “Infosys has been our trusted partner in our digitalization journey since 2017 and have helped us in establishing best-in-class services blueprint and rolling-in our enterprise IT landscape over the last few years. Digital transformations need partners to constantly learn, give ideas that work and be flexible to share risks and rewards with us, and Infosys has done just that. I am delighted that Infosys has been positioned No. 1 in Whitelane’s 2023 Nordic Survey. This is definitely a reflection of their capabilities.” Jef Loos, Head of Research Europe, Whitelane Research, said, “In today's dynamic IT market, client demand is ever evolving, and staying ahead of the curve requires a strategic blend of optimized offerings and trusted client relationships. Infosys' impressive ranking in Whitelane’s Nordic IT Sourcing Study is a testament to their unwavering commitment to fulfilling client demands effectively. Through their innovative solutions and exceptional customer service, Infosys has established itself as a leader in the industry, paving the way for a brighter and more successful future for all.” Hemant Lamba, Executive Vice President & Global Head – Strategic Sales, Infosys, said, “Our ranking as one of the top service providers across the Nordics in the Whitelane Research and PA Consulting 2023 IT Sourcing Study, endorses our commitment to this important market. This is a significant milestone in our regional strategy, and the recognition revalidates our commitment towards driving customer success and excellence in delivering innovative IT services. Through our geographical presence in the Nordics, we will continue to drive business innovation and IT transformation in the region, backed by a strong partner network. We look forward to continuing investing in this market to foster client confidence and further enhance delivery.” For more information, please read Whitelane Research's report here.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: United Nations Development Programme Collaborates with Infosys Public Services to Implement Oracle Fusion Cloud Applications Suite
Author: ['Infosys Limited'] United Nations Development Programme (UNDP) and Infosys Public Services (IPS), a US-based subsidiary of global next-generation digital services and consulting leader Infosys (NSE, BSE, NYSE: INFY), today announced the successful deployment of UNDP’s Quantum Global Digital Management System. Quantum, based on Oracle’s Fusion Cloud Applications Suite, provides a unified and seamless platform for all UNDP business functions including human capital management, financials management, supply chain management and enterprise performance management for eight agencies of the United Nations with a user base of over 50,000 across 170 countries.<|endoftext|> The new platform replaced all legacy systems, providing a simplified digital landscape with features like Intelligent Dashboards, AI/automation, and many self-service capabilities that transform operations and the way UNDP engages with partners, suppliers and personnel. Quantum’s improved data control and high degree of digital end-to end process integration will lead to improved data quality and better decision support systems. In addition, UNDP will benefit from enhanced usability and end user adoption through a modern, multi-lingual and accessible user experience.<|endoftext|> UNDP’s new digital core, largely enabled by Quantum, is one of the enabling pillars of its digital transformation strategy. This platform delivers improved results tracking, fully integrated risk management capabilities, additional automated controls and a new digital self-service platform for personnel, partners and suppliers. With the new platform, many lower-value tasks have been simplified and automated enabling the organisation to shift its focus to more strategic tasks, resulting in a continued boost in productivity.<|endoftext|> Sylvain St-Pierre, Chief Information Officer, UNDP said “Digital technology will allow us to rapidly evolve with the ever-changing development needs of people and our planet. Our previous systems were difficult to change and often made it challenging to adapt to changing global development needs and world events. This new digital core represents a quantum leap forward that enables UNDP with a modernized, integrated platform, allowing for truly transformative digital capabilities combined with a first-rate digital user experience. Quantum, our new digital corporate management system implemented with Infosys Public Services, underpins a #FutureSmart UNDP that leaves no one behind.” Steve Miranda, Executive Vice President, Applications Development, Oracle said “With a physical presence in 177 countries around the world, the UN Development Programme operates at massive scale. Using Oracle Fusion Applications for finance, HR, and supply chain will help UNDP to consolidate systems and embrace automation to increase efficiency and ultimately use less resources to deliver more value to its global constituents. We’re proud to be working with Infosys Public Services to help UNDP optimize its processes and better deliver on its critical global mission.” Bhanu Prasad Narayana, Interim CEO and AVP, Infosys Public Services, said, “We have been proud partners of UNDP since 2013 and are thrilled to have the opportunity to move UNDP into the cloud era. Oracle Fusion Applications provide UNDP and its partner agencies with a complete suite of SaaS applications, and we are proud that IPS delivered the program on schedule, with zero disruptions, even amid the pandemic. Our comprehensive Oracle Cloud solutions and capabilities, and the power of Infosys Cobalt offerings are enabling us to accelerate cloud transformation priorities for our public sector clients and help deliver exceptional outcomes.” Quantum aligns with the Digital Strategy of the United Nations Development Programme and sets the stage for continuous improvements. UNDP and IPS implemented the Quantum system in line with guidance offered through Infosys’ Oracle Cloud methodology that has been implemented for several Fortune 500 organizations globally.<|endoftext|> To learn more about the project, please visit: https://www.undp.org/quantum About Infosys Public Services Infosys Public Services is a leader in next-generation digital services and consulting. With benchmark processes, access to cross-industry insights and innovative public sector solutions, Infosys Public Services is helping public sector organizations to navigate their digital transformation, helping them renew existing systems into modern, agile, intelligent platforms, develop new capabilities and deliver better outcomes to all stakeholders at a lower cost with less risk.<|endoftext|> Navigate your next with Infosys Public Services. Visit www.infosyspublicservices.com to learn how.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Kiran Mazumdar-Shaw to retire from Infosys Board; D. Sundaram appointed Lead Independent Director
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the retirement of Kiran Mazumdar-Shaw as Independent Director of the Board, effective March 22, 2023, upon completion of her tenure.<|endoftext|> The Board has appointed D. Sundaram as the Lead Independent Director of Company, effective March 23, 2023 based on the recommendation of Nomination and Remuneration Committee.<|endoftext|> Kiran Mazumdar-Shaw was appointed to the Infosys Board as an Independent Director in 2014, and as Lead Independent Director in 2018. She also served as the Chairperson of the Nomination & Remuneration Committee and CSR Committee, and as a member of the Risk Management and ESG Committees of the Board.<|endoftext|> The Board places on record its appreciation for Ms. Shaw’s invaluable contribution, guidance, and strategic vision, that has helped the Company build and execute a resilient growth strategy.<|endoftext|> Mr. Sundaram has been on the Board of Infosys since 2017. With his expertise and vast experience in finance and strategy, he has been a crucial catalyst for the Company to realize its vision for the future. Mr. Sundaram serves on the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee and Cybersecurity Risk Sub-Committee.<|endoftext|> On behalf of the Board, Nandan Nilekani, Chairman, Infosys, said, “We profusely thank Kiran for having been such an integral member of the Infosys family, providing valuable guidance and leadership to the Board over the years. I am personally very grateful to her as she has been a tremendous ally and amazing colleague on the Board, ever since I re-joined Infosys in August 2017. We also congratulate Sundaram on being appointed as Lead Independent Director and look forward to his continued insight and steadfast support as Infosys continues its growth and transformation journey.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: RISHI BASU
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Infosys Press Release (PR)
Title: Sandwell Council collaborates with Infosys to provide free digital learning platforms for residents, colleges, and schools
Author: ['Infosys Limited'] Sandwell Council collaborates with Infosys to provide free digital learning platforms for residents, colleges, and schools Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a partnership with Sandwell Council to launch its Springboard digital learning platform in the region, making it available to Sandwell residents, colleges and schools.<|endoftext|> Springboard is Infosys’ flagship digital learning platform designed to empower people, communities, and society with skills to be successful in the 21st century. The platform features content spanning digital learning, emerging technologies, and life skills, and is led by a team of experts through collaborations with curriculum partners, non-profits, and a global network of leading educational institutions.<|endoftext|> Infosys Springboard will help Sandwell residents acquire new skills and increase employability, supporting individuals, communities, and businesses alike. In particular, it aims to: Be available to everyone for free to help increase digital literacy across the board and ensure nobody is left behind.<|endoftext|> Support digitally engaged communities and makes devices and digital assets available to those who cannot afford them.<|endoftext|> Help entrepreneurs realise their ideas or small and medium sized businesses improve their services through digital efforts.<|endoftext|> This program builds on Infosys' work with local councils across the UK. In 2021 Infosys deployed Springboard in collaboration with Brent Council, which, during the pandemic, witnessed the number of unemployment claimants aged 18 to 49 in Brent treble. So far, over 48,000 Brent residents have registered and are actively using Infosys Springboard.<|endoftext|> Councillor Simon Hackett, Cabinet Member for Children and Education, Sandwell Council, said: “Springboard is a fantastic opportunity for Sandwell residents. The opportunity to work alongside a multi-national organisation like Infosys, will equip our enterprises such as, schools, colleges and training providers with the tools needed to increase digital accessibility and help achieve higher aspirations. It will also enable our residents to access a wealth of opportunities for future careers and gain greater prosperity for Sandwell.” Thirumala Arohi, Senior Vice President and Head – Education, Training and Assessment, Infosys, said: “Upskilling and reskilling is part of our DNA at Infosys, and we couldn’t be happier to be collaborating with Sandwell Council on this important project. Ensuring equitable access to digital education is central to achieving a digitally engaged community and I certainly look forward to seeing what residents go on to achieve as a result.” For more information about Infosys Springboard, please click HERE.<|endoftext|> About Sandwell Council Sandwell is a large, diverse, metropolitan borough and offers exciting opportunities for all. Situated at the very heart of the West Midlands, we are the fifth largest metropolitan borough in the region with six main towns: Oldbury, Rowley Regis, Smethwick, Tipton, Wednesbury and West Bromwich. It is home to more than 300,000 people and around 9,000 businesses. Sandwell Council has a strong reputation for development and is continuously growing, with up to £1.8bn of investment planned between 2022 and 2027 to fund regeneration across the six towns, improving quality of life and making Sandwell a more sustainable and greener place to live, work and explore. Sandwell Council is the largest employer in the borough with 3,921 employees and provides a comprehensive range of services to local people throughout their lives. The borough has excellent access to the national motorway network, and we are just seven minutes by rail to Birmingham city centre. We also benefit from a mainline train station Sandwell and Dudley and the Midland Metro. The borough has 1,200 hectares of parks, playing fields and local green space and more than 30 miles of canals.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Finacle Powers ABN AMRO’s Global Liquidity Management System
Author: ['Infosys Limited'] Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and ABN AMRO, a leading financial services provider in the Netherlands, today announced the implementation and go-live of the Infosys Finacle Liquidity Management Solution for the bank’s corporate customers. ABN AMRO will now be able to provide its customers a single point of access to better manage their global commercial cash flows securely from anywhere and on any device of their choice.<|endoftext|> With this implementation, the bank’s customers will see transformative improvements in target balancing, notional pooling, aggregated balance agreement, and IFRS accounting. This is an important part of the bank’s transformation strategy to better serve its digitally enabled corporate clients and enhance user experience.<|endoftext|> Highlights The Finacle solution suite has been made available in a cloud-hosted environment, ensuring seamless relay of updates, quick time-to-market, and allowing greater efficiency and scalability.<|endoftext|> With the Finacle Liquidity Management solution, ABN AMRO is able to provide its corporate customers a fully-integrated solution with resilient, and secure liquidity management services, on the move and accessible through any device of their choice.<|endoftext|> The solution is enabling the bank to offer tailored liquidity products and the ability to rapidly introduce new product innovations for customers.<|endoftext|> The bank has also been able to introduce a next-generation cash pooling program to enhance its corporate channel offerings.<|endoftext|> Xander van Heeringen, Director of Transaction Banking, ABN AMRO, said, “We are excited to announce this collaboration with Infosys Finacle, the market-leading provider of banking technology. The right technology investment for corporate banking customers is of great importance to ABN AMRO as smarter cash management is evolving as a key priority for our customers, pushing the need for driving resilience in treasury operations. Together with Infosys Finacle, we will further enable ABN AMRO to propel with its liquidity management business transformation.” Sanat Rao, Chief Business Officer & Global Head, Infosys Finacle, said, “Corporate banking customers have the same expectations as retail consumers for agile, tailored, and seamless digital banking on a choice of devices. The Finacle Liquidity Management Solution has been designed keeping the needs of multinational corporations in mind, so that they can effectively manage their liquidity positions on the go. We are very pleased to collaborate with ABN AMRO to deliver a superior banking experience to its corporate customers. We look forward to further enhancing the bank’s capabilities and accelerating the digital transformation of its corporate banking business.” About Infosys Finacle Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation Collaborates with the Directorate of Indian Army Veterans to Foster Learning for Army Widows and Children
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it has signed a Memorandum of Understanding (MoU) with the Directorate of Indian Army Veterans (DIAV) to provide educational grants and scholarships worth INR 30 crore to widows and children of army personnel, who have been impacted through physical casualty.<|endoftext|> Through this collaboration, more than 14,000 widows and children of army personnel from across the country will be able to advance their educational journey. This benefit will be extended to individuals wanting to pursue education from classes 1 to 12, graduation, post-graduation, professional courses, and grants towards computer literacy.<|endoftext|> Infosys Foundation has a long-standing and unwavering commitment towards the Indian armed forces. Since 2016, Infosys Foundation has supported the Rehabilitation and Welfare section of the Indian Army with financial support to thousands of widows, and the next of kin of physical casualties, with grants amounting to INR 40 crore.<|endoftext|> “We appreciate the support of the Infosys Foundation in creating avenues through which widows and children of Indian Army personnel who suffered physical casualties can restart and accelerate their educational journey. This will provide the necessary financial assistance to families of many such army personnel to empower them with a powerful tool like education, that will undoubtedly impact their lives positively, and bring about change”, said, Brigadier Vikas Bharadwaj – Directorate of Indian Army Veterans (DIAV).<|endoftext|> Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, “Our long-standing collaboration with the defence forces, along with education being a core pillar of Infosys Foundation’s vision, will further help this initiative to equip Army widows and children with knowledge levers that can help them realize their full potential. This collaboration is also aimed at inspiring them to achieve their aspirations, while being financially secure.” About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@infosys.com
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Infosys Press Release (PR)
Title: Energy transition among the top 3 priorities for 73 percent of companies: Infosys-HFS Research study
Author: ['Infosys Limited'] According to the study, 82 percent of energy and utilities executives are set to increase their energy transition spending over the next year Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled the findings of the Energy Transition study conducted in collaboration with HFS Research, a leading global analyst firm. The study found that 73 percent of global companies see energy transition among the top 3 organizational priorities and 79 percent of the largest firms (which are valued at over $50bn) expect an increase in energy transition spending over the next 12 to 24 months. Overall, operational performance and efficiency, environmental impact of the business, and brand value are drivers that are making energy transition a priority for organizations.<|endoftext|> Infosys and HFS Research surveyed 313 energy transition leaders across geographies and industries for an in-depth perspective on how they are aligning their companies with the global sustainability agenda that is underpinned by the 17 United Nations Sustainable Developmental Goals.<|endoftext|> The key findings of the study are as follows: 94 percent of energy and utilities executives are set to increase their IT spending over the next year; 82 percent expect an increase in spending on energy transition 56 percent of organizations see themselves as road mapping or reinventing their business model for energy transition, while the remaining 44% are either waiting for other organizations to lead or for regulations to force them 79 percent of the largest ($50bn+) firms expect a significant increase in the importance of the energy transition over the next 12 to 24 months As part of its long-standing Environmental, Social and Governance commitments, Infosys turned carbon neutral in 2020. This includes leveraging renewables, orchestrating energy efficiencies, and driving unique fully funded, community-based carbon offset projects. Along with creating a partner ecosystem to develop and deploy digitally-enabled solutions for energy transition, Infosys will also leverage Infosys Cobalt, a suite of solutions to help clients accelerate their net zero journey on the cloud.<|endoftext|> Josh Matthews, Chief Sustainability Officer and Practice Leader, HFS Research, said, “The energy transition is moving forward, and the biggest firms want to play the systems-changing role we need. But there is so much left to do—both in triggering that systems change and in implementing business models, technologies, and processes. Collaboration will be essential—internally and throughout ecosystems—but needs to find a new level. Senior industry leadership must ultimately drive the energy transition by cascading roadmaps through their organizations. The climate and sustainability emergency means that the energy transition holds a massive opportunity and responsibility for the bravest people and companies.” Infosys and bp have collaborated to create 'Energy-as-a-Service' offering enabled by digital innovation. It is an integrated solution for holistic energy management that can enable energy savings, cost reduction, decarbonization and supply reliability across your business all enabled by an intelligent digital platform.<|endoftext|> Sashi Mukundan, President, bp India and Senior Vice President, bp Group, said, “bp and Infosys have brought together their complementary capabilities, products, and services to create an integrated Energy-as-a-Service offering. This strategic collaboration builds on our energy transition goals where we can deliver secure, affordable, lower carbon energy the world increasingly needs, managed by AI/ML based digital platform to drive energy efficiency. With this engagement, we will aim to support our customers in achieving their sustainability goals faster.” Ashiss Kumar Dash, EVP & Global Head - Services, Utilities, Resources and Energy, Infosys, said, “Our collaboration with HFS has resulted in a very informative and eye-opening study which sensitizes the industry to the need for energy transition. In the post-pandemic world, we have witnessed that accelerated digital transformation and adoption of digital platforms are taking precedence among businesses in pursuit of sustainability and net zero emissions. Our dedicated Energy Transition practice is helping companies across energy, utilities and other sectors conceptualize and deploy practical solutions to decarbonize their energy footprint.” To read the full report, click here.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Recognized as one of the 2023 World’s Most Ethical Companies® for the Third Consecutive Year by Ethisphere
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been recognized, by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies. Infosys received the honour, for the third consecutive year, for demonstrating the high standards of business integrity through best-in-class ethics, compliance, and governance practices.<|endoftext|> Infosys has become the only Company in India, and one of the four companies globally, in the software and services industry to receive this recognition. This recognition is awarded to global companies that have exceptional business ethics and are committed to advance business integrity.<|endoftext|> Infosys has been recognized among 135 honorees spanning 19 countries and 46 industries. These companies were evaluated based on the Ethisphere Ethics Quotient® across multiple categories, including culture, environmental and social practices, ethics and compliance, governance, diversity, and initiatives to support a strong value chain.<|endoftext|> “Ethics matter. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance,” said, Ethisphere CEO, Erica Salmon Byrne. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to Infosys for earning a place in the World’s Most Ethical Companies community.” Salil Parekh, Chief Executive Officer and Managing Director, Infosys, said, “We are honoured to be part of the 2023 World’s Most Ethical Companies community. This recognition is a testament to the strong foundation of ethical business practices and accountability that we continue to build on. As a responsible corporate entity, we are fully committed to nurturing excellence and transparency of operations and outcomes for the businesses that we drive.” The complete list of 2023 World's Most Ethical Companies can be found here: https://worldsmostethicalcompanies.com/honorees Methodology & Scoring Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with Mobility Specialist ZF to Revamp Supply Chain Operations
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAP Integrated Business Planning® (SAP IBP) and Infosys Cobalt. Through this engagement with the aftermarket division of ZF, Infosys has implemented SAP IBP for demand planning and inventory optimization.<|endoftext|> Infosys was chosen to assist ZF on this transformation journey for its proven expertise in SAP IBP implementation and a plethora of in-house tools and accelerators, backed by efficient teams. As a part this initiative, Infosys leveraged its hybrid agile implementation methodology to replace multiple legacy demand planning tools at ZF Aftermarket, with a unified, global SAP platform. Further, by facilitating two-way flow of business-critical data between the new platform and external systems, Infosys has helped facilitate complex operations planning with complete automation of safety stock. The implementation has helped bring about advanced demand forecasting, collaborative planning, improved responsiveness and efficiency, transparency, and interactive user experience across ZF Aftermarket’s supply chain.<|endoftext|> Rainer Scheuring, Vice President IT AC Market and Materials Management, ZF Friedrichshafen AG said, “Based on the holistic IBP planning approach and the guidance of our implementation partner Infosys, we built the foundation for improved availabilities and reduced inventories within our multi-echelon supply chain.” Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys said, “The ability to forecast demand and optimize inventory is a key competitive advantage, in today’s era of increased macroeconomic and geopolitical complexities. We are delighted to have collaborated with ZF and helped make their supply chain more resilient and intelligent by leveraging Infosys Cobalt. Our extended collaboration will continue to accelerate this leading automotive supplier’s ambitious digital transformation strategies and equip them with the agility and flexibility they need to deliver world-class products to their clients.” About ZF ZF is a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility.<|endoftext|> ZF allows vehicles to see, think and act. In the four technology domains of Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate, and enhancing safe mobility.<|endoftext|> With some 157,500 employees worldwide, ZF reported sales of €38.3 billion in fiscal 2021. The company operates 188 production locations in 31 countries. Read more: https://www.zf.com/mobile/en/homepage/homepage.html About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation Collaborates with Several Social Organizations to Bolster Women Empowerment in India
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, announced that it has signed Memorandums of Understanding (MoU) in this financial year, with Avanti Fellows, Nirmaan Organization, and Shrimad Rajchandra Aatma Tatva Research Centre, to bolster women’s empowerment in India. These strategic collaborations are aimed at providing quality education and employment opportunities to women from underprivileged communities across the country.<|endoftext|> With the right attention, and in alignment with the efforts of the government, women’s empowerment has the potential to solve multiple challenges being faced by the nation and its people at large. Infosys Foundation has also focused on women’s empowerment as a category for entries in the third edition of the Aarohan Social Innovation Awards.<|endoftext|> The Infosys Foundation’s strategic collaboration for empowering women include: A grant of INR 25.7 crore to Avanti Fellows to provide free engineering and medical test preparation for over 10,000 girl students in government schools across Maharashtra, Telangana, Odisha, Rajasthan, Kerala, Karnataka, Tamil Nadu, North-East regions, and Delhi.<|endoftext|> A grant of INR 4.9 crore to Nirmaan Organization to create purposeful livelihood for over 5,000 unemployed literate women from marginalized communities. Leveraging Infosys’ digital learning platform, Infosys Springboard, this program entails instructor-led training and self-learning models for market-oriented skills, workplace readiness, and leadership and life skills to improve employability. This will help the beneficiaries with placements across Bangalore, Hubli, Mangalore, Thiruvananthapuram, Indore, Mumbai, Pune, Gurugram, Bhubaneswar, Jaipur, Chennai, and Hyderabad.<|endoftext|> A grant of INR 9 crore to Shrimad Rajchandra Aatma Tatva Research Centre for the construction of a hostel for underprivileged girl students. Through this collaboration Infosys Foundation aims to provide quality education and help reduce the school dropout rates among girl students.<|endoftext|> “We are proud to collaborate with social organizations that have done remarkable work with tangible outcomes, in making a difference for women in society. At Infosys Foundation, we believe in the continuous need to give impetus to women’s empowerment in India and keeping the cause of women’s education and employment at the forefront,” said, Inderpreet Sawhney, Trustee, Infosys Foundation.<|endoftext|> Expressing her thoughts on this collaboration, Vandana Goyal, Co-CEO – Avanti Fellows, said, “Our work at Avanti Fellows focuses on ending intergenerational poverty by helping young women pursue rewarding careers in Science, Medicine and Technology. Our partnership with Infosys Foundation will help 10,000 young Indian women qualify into top tier colleges and help them pave the way for the accomplished, fulfilling lives that they deserve." Mayur Patnala, Founder & CEO – Nirmaan Organization, said, “All of Nirmaan’s efforts are directed towards creating a society that is empowered in diverse ways. This collaboration fortifies the collective mission of Infosys Foundation and Nirmaan Organization to build a society that values its women, especially those hailing from disadvantaged communities, and gives them the opportunity to reach heights of success by equipping them with appropriate knowledge and skills.” Nileshbhai Mehta, Managing Trustee, Shrimad Rajchandra Aatma Tatva Research Centre, said, “Changing lives for the better, especially for those who have been marginalized or at risk, has been one of the most gratifying experiences for us. We thank Infosys Foundation for this engagement which will enable numerous young women at the grassroot level to receive quality education consistently and comfortably.” About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, arts and culture, and destitute care. Its mission is to work in remote regions of several states in India. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@infosys.com
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Infosys Press Release (PR)
Title: Nine Out of Ten Companies Lack the Culture and Organizational Structure to Unlock Digital Growth, Infosys Report Finds
Author: ['Infosys Limited'] Only 7% of companies have the correct combination of culture and operating structure to boost growth from digital technologies, according to new research from the Infosys Knowledge Institute, the thought leadership arm of Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting.<|endoftext|> Digital Radar: The Next Digital Frontier, surveyed 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India, and found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in today’s tough macro-economic conditions. In addition, organizing around products, not process, gets new products to market faster, increasing early-mover advantage.<|endoftext|> This research suggests three differentiators for success: use data internally, design organization culture to take responsible risks and organize the business around products. Companies that excel in these capabilities enjoy increased profit, brand perception, and employee as well as customer engagement. However, our report found that less than 10% of firms have mastered these three differentiators, highlighting significant opportunities for those that do.<|endoftext|> Live Data: The report finds that only 5% of firms currently implement what it defines as a universal ‘live data’ approach. This is defined as data that is high-quality, timely, and readily available across the organisation. These data practices drive profit through better innovation and new product speed to market. For instance, companies that follow robust data practices for decision-making improved their new product introduction capability by as much as 85%.<|endoftext|> Product-centricity: Companies that organize their teams around their product offerings, instead of business functions, are 50% more likely to be top performers in new product introduction and improve both employee and customer engagement significantly. Yet only half of respondent companies are currently organized in this way, highlighting a tremendous market opportunity.<|endoftext|> Responsible risk-taking culture: Finally, a company that takes responsible, considered risks, backed by live data, is more likely to create products faster, retain employees, and increase profit than those that do not. We identified five culture levers that can improve innovation fivefold: flexible leadership style, leadership and employee diversity, data-driven leadership, rapid test-and-learn, and encouraging risk-taking.<|endoftext|> Together these findings further highlight that digital success is contingent on the way a company organizes itself around technology, rather than being something that can be delivered by technology alone.<|endoftext|> Mohit Joshi, President, Infosys, commented; “We are at a time when businesses and consumers are facing change, tough macro-economic headwinds, and a challenging competitive environment. Leaders must see this period as an opportunity to think differently, unlock new structures and ways of working to drive much needed innovation and growth. Yet, in practice, very few businesses are accomplishing this. The opportunity lies in the hands of the C-suite to develop a 21st century enterprise that builds resilience, agility, and growth into their operating models.” Jeff Kavanaugh, VP and Global Head at Infosys Knowledge Institute, said; “The 2023 Digital Radar reveals a new frontier for business. It outlines three areas to spark innovation and bottom-line growth, showing that highly successful firms recognize the relationship between live data, product-centricity and a responsible-risk taking culture. These companies are a step ahead on their digital journey while caring for people and planet.” To read the full report, visit here.<|endoftext|> Methodology Infosys Knowledge Institute used an anonymous format to conduct an online survey of 2,700 business executives across industries across the US, UK, France, Germany, Australia, New Zealand, China, and India. To gain additional, qualitative insights, the researchers interviewed subject matter experts and business leaders. Linear regressions were then used to analyze which technologies and business practices correlate with profit and revenue growth.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Leads Global ESG Rankings
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced it is featured as a top performer across several global industry rankings and assessments in Environmental, Social, and Governance (ESG) in FY22-23. The company has been recognized for its many efforts to consistently demonstrate commitment to sustainability, ethical leadership, and responsible business practices.<|endoftext|> Infosys topped the charts in the CRISIL ESG Leadership Rankings and was featured in the CRISIL Sustainability Yearbook, 2022 for the second consecutive year. In 2022, the MSCI ESG Assessment also conferred ‘AA’ rating to Infosys. The MSCI ESG ratings measure ESG performance, including the management of financially relevant ESG risks and opportunities, of companies worldwide.<|endoftext|> Infosys is also a forerunner in driving climate action across its operations. It has been recognized for leadership in corporate transparency and performance on climate change by the global environmental non-profit CDP, securing a place on the CDP annual ‘A List in 2022. This is the seventh year in a row that Infosys has been featured in the leadership category under the CDP Climate Change disclosure - a testament to Infosys’ climate action efforts, including climate-related risk management, mitigation initiatives, transparent disclosures on emissions, and emission reduction initiatives across the supply and value chain.<|endoftext|> For the sixth year in a row, in 2022, Infosys is listed on the Dow Jones Sustainability Indices (DJSI), a leading benchmark for corporate sustainability. In addition, in their latest Company ESG Risk Ratings, Sustainalytics recognized Infosys as an industry-wide and regional top-rated ESG performer in 2023. Sustainalytics is a renowned independent ESG and corporate governance research, ratings, and analytics firm.<|endoftext|> In 2022, EcoVadis, a globally acclaimed ratings platform for corporate social responsibility and sustainable procurement, recognized Infosys with a Gold medal for CSR practices. Infosys has been a recipient of the EcoVadis Gold recognition for over seven years now.<|endoftext|> “With the accelerated progress we are making on the ESG front, the value creation for us across the bottom and top line is solid," said Nilanjan Roy, Chief Financial Officer, Infosys. "From earning greater client trust and building a purposeful employer brand to making our operations both efficient and sustainable, ESG is integral to our core business strategy. At Infosys, we remain steadfast in our mission to drive responsible business practices.” ESG is integral to our core business strategy. At Infosys, we remain steadfast in our mission to drive responsible business practices.” Infosys’ ESG ambitions are integral to the corporate strategy of creating value for all stakeholders and building a better tomorrow. Check out our latest research report, Infosys ESG Radar 2023, to learn more about how ESG is key to creating business value.<|endoftext|> For more information on our ESG initiatives, please visit here.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them wi th an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with Motherhood Hospitals to Foster Learning in Healthcare through Infosys Springboard
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has signed an MoU with Motherhood Hospitals, a specialty hospital chain providing women and child-care, to digitally upskill learners in the healthcare sector through Infosys Springboard. This first-of-its-kind collaboration will democratize healthcare education for school students, graduates, and lifelong learners, giving them access to masterclasses in health-related topics.<|endoftext|> Furthermore, Infosys Springboard will empower learners to develop a deep understanding of the healthcare industry through free interactive sessions with healthcare experts. Additionally, masterclasses on health-related themes will be held for learners registered on Infosys Springboard. The initiative will aim to educate them while opening new avenues for people looking to pursue careers in the sector. This collaboration will also enable nurses, customer care executives and the administrative staff at companies under Motherhood Hospitals to benefit from a comprehensive learning and development program.<|endoftext|> Congruent with its ESG Vision 2030, Infosys aims to enable digital skills at scale and empower over 10 million people in India by 2025 through the Infosys Springboard program. Infosys Springboard continues to expand its reach to learners by growing its thriving community to more than 5 million registered users in India, since its launch.<|endoftext|> Shedding light on the idea behind this initiative, Thirumala Arohi, Senior Vice President and Head – Education, Training and Assessment, Infosys, said, “Infosys’ collaboration with Motherhood Hospitals strengthens its long-established commitment towards democratizing knowledge and learning for lifelong learners. The success of the Infosys Springboard program has been elevated with this collaboration, which offers young, ardent learners the opportunity to scale up their knowledge of healthcare, harness career opportunities and monetize their passion for this rapidly growing industry.” Mr. Vijayarathna Venkatraman, CEO, Motherhood Hospitals, said, “Our association with Infosys Springboard strengthens our commitment towards continuous learning and growth of talent within the Motherhood Hospitals network. We are certain, that through this strategic collaboration, we can enhance their knowledge and equip them with skills to make better impact in the healthcare service industry.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@infosys.com
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Infosys Press Release (PR)
Title: Infosys Joins Forces with ng-voice, Empowering Telecom Operators to Transform their Digital Capabilities via Accelerated Cloud Deployment Across Europe
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with ng-voice GmbH, the leading provider of cloud-native IP Multimedia Subsytem (IMS) solutions. Infosys will provide systems integration services for ng-voice through a global delivery model facilitating telecom operators with digital capabilities to deploy fully containerized and cloud-native network solutions across Europe.<|endoftext|> Infosys was chosen for its deep-domain expertise, breadth of service offerings, and diverse talent pool that can support the industry’s first truly cloud-native IMS developed by ng-voice. As part of the agreement, Infosys will provide a set of cross-industry services, solutions, and platforms that will enable enterprises and communication service providers (CSPs) to drive business agility and growth via agile, flexible, and resource-efficient cloud-native business platforms. Building on this, Infosys and ng-voice will together provide managed services to support the network solution, while fostering innovation and delivering personalized customer experiences.<|endoftext|> David Bachmann, CEO, ng-voice said; “We are thrilled to partner with Infosys. This partnership will help us take our customers on a transformation journey while also accelerating the adoption of cloud-native networking solutions across Europe. Infosys’ strong leadership commitment backed by its ability to drive network efficiency and effectiveness with integration services will alleviate concerns around the ability of cloud-native solutions to fully realize productivity enhancement, performance uptakes, and user experience while serving as strong reference within the networking space.” Balakrishna D. R (Bali), Executive Vice President – Global Head AI and Automation and ECS, Infosys said; “With a growing deployment base, Infosys has demonstrated a steadfast commitment to power innovation-driven growth for the telecommunications industry through digital capabilities. This collaboration is a blend of capabilities powered by Infosys Cobalt and our expertise in the domain and ng-voice’s geographical presence that fast-track adoption of cloud-native network solutions among telcos across Europe. The success of this engagement can be a real game-changer for both Infosys and ng-voice in the 5G era.” About ng-voice GmbH ng-voice GmbH is committed to building the next generation of 100% software-based mobile networks, combining DevOps with telecommunications expertise. ng-voice’s fully containerized and cloud-native IMS is scalable, flexible, and easy to deploy and manage, offering communication service providers and enterprises of any size innovative voice services on 4G and 5G networks.<|endoftext|> To know more, visit www.ng-voice.com About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Rolls Out Private 5G-as-a-Service to Accelerate Business Value for Enterprise Clients Worldwide
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the roll-out of Private 5G-as-a-Service to accelerate business value for its enterprise clients worldwide. Infosys’ Private 5G-as-a-Service delivers a simple and flexible pay-as-you-go solution for clients. Infosys’ wireless 5G expertise and its Private Network Management solution ensure high bandwidth, low latency, and reliable wireless connectivity for enterprises.<|endoftext|> The Private 5G-as-a-Service is customized to the specific needs of clients and is implemented in an agile and timebound manner. To reduce the complexity of deployment, Infosys has pre-integrated the 5G stack from multiple product vendors and tested against different use case requirements. Private 5G-as-a-Service is managed using unified management solution, providing real-time insights of operation and performance of the 5G private network.<|endoftext|> Infosys' Private 5G-as-a-Service incorporates Multi-access Edge Computing (MEC), which reduces network lag further by minimizing the time required for data processing. This enables a much more reliable network operation for high-bandwidth enterprise use cases such as remote-guided vehicles, drone-based real-time analytics, high-definition media & video analytics, metaverse solutions and a variety of IoT/industrial IoT applications. Infosys’ collaboration with its partner ecosystem offers reduced time-to-market and total cost of ownership of Private 5G rollout to its clients.<|endoftext|> Mukesh Dialani, Research Vice President, Digital Engineering and Operational Technology Services, IDC, said, “5G Technology can accelerate business transformation goals for enterprises. The Infosys Private 5G as-a-service brings together years of industry expertise through pre-integrated verticalized business solutions, modular architecture, and an extensive partner ecosystem to help enterprises evolve their existing operating environments and tap into future business opportunities. Beyond increased cost benefits for enterprises across industries, the solution is scalable and is also offered on a flexible as-a-service model.” Mark Colaluca Vice President/GM Communication Technology Group, HPE said, “Enterprises see Private 5G as an enabler for their digital transformation, and the Infosys approach of vertically aligned pre-integrated business solutions can accelerate 5G adoption. HPE and Infosys are working together by combining HPE’s Private 5G solutions with Infosys as-a-Service offering and pre-integrated vertical use-cases for faster customer value realization.” Dinesh Rao, Executive Vice President, Co-Head of Delivery, Infosys, said, “Today’s changing market dynamics, disruptive business models, and regulatory compliances need an effective strategy to accelerate digital transformation through 5G adoption. At Infosys, we are leveraging our global 5G expertise to deliver reliable, secure, and cost-effective Private 5G as-a-service, with an agile delivery approach. This is aimed at supporting our clients in their transformation journey and help them derive business benefits. Our customizable solutions for vertical domains will help customers succeed in a competitive landscape. At the same time, we will continue to collaborate with industry bodies and consortiums.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with Microsoft to Accelerate Industry Adoption of Cloud
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it will expand its collaboration with Microsoft, to help accelerate enterprise cloud transformation journeys worldwide. According to the Infosys Cloud Radar, enterprises can add up to $414 billion in net new profits, annually, through effective cloud adoption. The report also calculated that adopting cloud improved speed to market and the ability to discover new revenue streams and resulted in increased profit growth by up to 11.2 percent YoY. The extended strategic collaboration between Infosys and Microsoft will greatly benefit enterprises by bringing them the best of Infosys Cobalt cloud offerings and Microsoft’s cloud computing technologies, led by Azure, across the business value-chain.<|endoftext|> The deepening of the collaboration will entail the onboarding of Infosys Cobalt solutions to Microsoft’s industry clouds, to empower enterprises to build agile cloud-powered platforms and innovate at scale. The joint capabilities across application modernization, enterprise solutions, data analytics and AI, digital workplace solutions, low-code, no-code power platforms and cybersecurity innovations will create a robust foundation for cloud-powered transformation. These will bring enterprises the benefits that come from best of breed Microsoft platforms, along with Infosys Cobalt suite of cloud-powered solutions, implemented to minimize time-to-market and maximize value. For example, Infosys Helix, running on Azure, is delivering for the healthcare industry value from an AI-first, people-centric platform suite to analyze, customize and democratize data for payers, providers, members, and governments. Another powerful example is Infosys Equinox – a human-centric digital commerce and marketing platform that enables contextualized omnichannel buying experiences.<|endoftext|> This extended engagement will also enrich employee experience and enhance overall productivity. Infosys Cobalt solutions and Microsoft technologies are enabling over 300,000 Infosys employees with hyper-personalized, deeply humanized experiences enabled through an experiential app that is available across devices and serves as a hub for information and actions. It is also integrated with an array of enterprise systems, including Microsoft Dynamics365, and enabled with enterprise-grade security. Furthermore, collaboration between Infosys Cobalt and Microsoft Commerce to drive extreme automation for product launches is also an area where both organizations are jointly innovating across the business value-chain, using Azure.<|endoftext|> Microsoft is using Infosys’ expertise to deliver the Support experience for its products, and this collaboration will further enhance the dedicated support and focus from the Microsoft CRM Center of Excellence set up by Infosys.<|endoftext|> Anand Swaminathan, Executive Vice President & Global Industry Leader Communications, Media and Technology, Infosys, said, “Infosys and Microsoft have a longstanding 360-degree strategic collaboration. On the one hand, Infosys plays a pivotal role in accelerating Microsoft’s transformation with digital services. On the other, Infosys has embraced Microsoft technology and Microsoft cloud solutions to empower our over 300,000 employees. Microsoft and Infosys also work closely to bring to enterprises, the world over, the value of Infosys Cobalt cloud solutions, and accelerate time-to-value for Microsoft enterprises business solutions. This extended collaboration will serve to harvest most value from all aspects of our well-rounded alliance.” Anant Maheshwari, President, Microsoft India, said, “This engagement with Infosys extends our trusted relationship over the past two decades and will accelerate the innovation and transformation journeys of businesses worldwide. As we continue to shape the future of the industry cloud, we are pleased to bring together our complementary strengths and serve our strategic customers better through Microsoft Azure-powered solutions with Infosys Cobalt.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Appoints Shaji Mathew as Group Head of Human Resources
Author: ['Infosys Limited'] Infosys Appoints Shaji Mathew as Group Head of Human Resources Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the appointment of Shaji Mathew as Group Head of Human Resources effective March 22, 2023. Shaji will be taking over from Krish Shankar who retires on March 21, 2023, after serving in this role since 2015.<|endoftext|> Based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee, the Board also designated Shaji Mathew as an executive officer for the purpose of reporting under the rules of Securities and Exchange Commission and Key Managerial Personnel as defined under IndAS 24- Related Party Disclosures.<|endoftext|> In his current role, Shaji is Infosys’ global head of delivery for Financial Services, Insurance, Healthcare and Life Sciences. He has also been actively steering the company’s efforts to create a more inclusive workforce as the Chair for Diversity, Equity, and Inclusion (DEI) in India. Shaji is a rank holder from National Institute of Technology, Calicut and has completed a Global Leadership Program from Stanford University Graduate School of Business. He has served as the Chairman of Confederation of Indian Industry at the zonal level.<|endoftext|> Commenting on the appointment, Salil Parekh, CEO & MD, Infosys said, “We are delighted to announce that Shaji will take over as Group Head of Human Resources. Shaji has been with Infosys for over thirty years. With his in-depth knowledge of our company as well as vast leadership experience, we are confident that he will steer our Human Resources function for continued success. We would like to express our deep appreciation for Krish Shankar for building a robust Human Resources organization that further strengthened Infosys’ position as a preferred employer globally.” During his tenure at Infosys, Krish has led the development of a strong employee value proposition, helped build a digital skills-based ecosystem and enabled digital career paths for employees. Krish was also integral to effectively managing the workforce and seamless business continuity during, and after the pandemic, while maintaining an unwavering focus on employee well-being.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: RISHI BASU Infosys
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Infosys Press Release (PR)
Title: Infosys Positioned as a Leader in Everest Group’s PEAK Matrix® report for Digital Workplace Services, 2022 in North America
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in the Everest Group PEAK Matrix® report for Digital Workplace Services, 2022 in North America. Infosys was distinguished for its highly balanced portfolio, increased focus on human-centric experience design, strategic collaborations, coherent vision, and proactiveness.<|endoftext|> For the report, Everest Group assessed 25 leading digital workplace service providers through a multi-phased research and analysis process on their vision and capabilities in the sphere of digital workplace services. The evaluation was based on interactions with leading digital workplace service providers and an analysis of the digital workplace services marketplace in the North American region. Infosys was recognized for accelerating the growth of its workplace portfolio in the past two years through contextualized solutioning, sales enablement, and consistent investment in in-house accelerators.<|endoftext|> The report additionally highlighted Infosys’ strengths in the following areas: Robust collaboration suite across multi-tower workplace segments, acquisition of entities such as Oddity, building design hubs and Metaverse Foundry to make its workplace more human-centric in design Strategic collaboration with Microsoft and Google for workplace security solutions and set up a center of excellence to meet global customer requirements “Evolving employee expectations, due to hybrid workplace enablement, and the great resignation movement have compelled North American enterprises to rapidly pivot towards an experience-centric digital workplace. This is underpinned by empathy and hyper-personalization to navigate and address the challenges around poor employee experience and productivity, attrition, and lack of organizational citizenship behaviour,” said Udit Singh, Practice Director, Everest Group. He added, “Infosys’ contextualized solutioning approach along with continuous investments in in-house accelerators, sales prowess, innovative & flexible commercial models, and robust partner ecosystem have contributed to its position as a Leader in Everest Group’s Digital Workplace Services PEAK Matrix® Assessment 2022 - North America. Clients have appreciated its solutioning flexibility and overall client management capabilities.” Rajesh Varrier, EVP, Head of Digital Experience & Microsoft Business, Infosys, said, “Our leadership positioning in Everest Group’s PEAK Matrix® is an acknowledgment of our experience-led, industry-aligned offerings. Workplaces are no longer just physical spaces, they must empower the workforce to collaborate, communicate, and meaningfully connect to their organization’s purpose. Fueled by our capabilities, Infosys is well-positioned to deliver sentient and purpose-driven digital workplace solutions for a varied group of industry segments. Powered by our strategic investments in the market, we will continue to drive innovation in our pursuit to deliver future-proof workplace services to our clients.” To read the full report, please visit: https://www.infosys.com/services/digital-workplace-services/documents/leader-digital-workplace-services2022.pdf About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Positioned as Highest Leader for Workplace Communication and Collaboration Service Provider 2023 in Everest Group’s PEAK Matrix®
Author: ['Infosys Limited'] Infosys Positioned as Highest Leader for Workplace Communication and Collaboration Service Provider 2023 in Everest Group’s PEAK Matrix® Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as Highest Leader for Workplace Communication and Collaboration (WCC) Service Provider 2023 in Everest Group’s PEAK Matrix®. As the WCC market evolves rapidly, Infosys has been ahead of the curve and was recognized for enabling its clients to navigate the transformation of their digital workplaces by leveraging its experience-led, persona-based, and customized approach. Infosys was distinguished for its WCC business and talent-related investments which have benefited enterprises and has translated into strong business and revenue growth. Its robust migration capabilities bolstered through its internal intellectual property and solutions such as Migration Factory and Collaboration Modernization benefit enterprises going through M&As or looking for workplace modernization.<|endoftext|> The report assessed 14 WCC service providers basis their market adoption, portfolio mix, value delivered, vision and strategy, scope of services offered, innovations and investments, and delivery footprint. The report highlights Infosys’ ability to offer customized solutions through its strong partnership ecosystem of marquee, niche, start-up, and telco providers. These include Microsoft, Cisco, Google, Nectar, BitTitan, Avaya, AT&T, and British Telecommunications PLC. Infosys is a strong contender for enterprises looking to engage in the WCC domain due to its strong cloud native Unified Communications as a Service (UCaaS) solutions. UCaas is a part of Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey.<|endoftext|> “Infosys’ reenergized go-to-market strategy around digital workplace and its dedicated focus on WCC coupled with extraordinary client adoption and market success have contributed to its position as a Leader in Everest Group PEAK Matrix® for Workplace Communication and Collaboration Service Provider 2023,” said Udit Singh, Practice Director, Everest Group. “A strong focus on experience-led transformation narrative, proactiveness to engage in innovative commercial constructs, and presence of a strong suite of strategic partners have been key to Infosys’ success.” Dinesh Rao, Executive Vice President, Co-Head of Delivery, Infosys, said, “With organizations increasingly adopting hybrid workplaces, providing modern communication & collaboration solutions have become imperative. This recognition from Everest Group endorses our deep domain knowledge and is a testament to our strong partnerships and best-in-class UCaaS solutions we offer across industries.” The full/customized version of the report can be accessed here: https://www.infosys.com/services/engineering-services/analyst-reports/workplace-communication-collaboration-service.html About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor “Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.” Media contacts: For more information contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation Collaborates with Health Department of Karnataka to Advance Maternal and Child Healthcare
Author: ['Infosys Limited'] Infosys Foundation Collaborates with Health Department of Karnataka to Advance Maternal and Child Healthcare Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced the inauguration of a 100-bed maternity and child care hospital in Kanakapura Taluk, Ramanagara District of Karnataka in collaboration with the Directorate of Health and Family Welfare Services, Karnataka.<|endoftext|> Through this collaboration, the erstwhile Government Maternity Hospital in Kanakapura Taluk has been rebuilt and the new hospital has facilities including oxygen and medical gas pipelines, a sophisticated fire protection alarm system, meticulously designed electrical and plumbing work, an HVAC system and underground water reservoir.<|endoftext|> This initiative aims to provide quality maternity and childcare to help the underprivileged, advancing the Foundation’s commitment towards rural development, and to provide better health infrastructure for the benefit of the society. Previously, Infosys Foundation launched the Shree Sharadadevi Mobile Eye Hospital, a first-of-its-kind fully equipped mobile eye hospital to serve people residing in remote villages in Karnataka. The initiative was aimed at providing quality eye care to over 5 lakh people, including children and students, in collaboration with Sri Ramakrishna Sevashrama. The Foundation also supported the development of a new 350-bed hospital block, ‘Infosys Foundation Block’, within the Jayadeva Hospital premises, in Bengaluru, to provide quality cardiac care for underprivileged patients.<|endoftext|> “We acknowledge the support of Infosys Foundation in developing the overall healthcare infrastructure of Karnataka. This initiative will not only address the medical needs of new mothers and their children but will also provide continued support in ensuring that they have access to affordable, quality healthcare”, said, Dr. K. Sudhakar, Health Minister, Government of Karnataka.<|endoftext|> “Infosys Foundation’s efforts towards rural development and healthcare infrastructure for the people of Karnataka is unparalleled. This new Maternity and Child Care Hospital for the people in Kanakapura, especially for underprivileged women, is a testament to the generosity of the organization. This hospital will be able to provide accessible and quality healthcare to lakhs of people in need,” said, D. K. Shivakumar, MLA, Kanakapura Constituency.<|endoftext|> Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, “Given the maternal health indicators in our country, Infosys Foundation has been working for years towards supporting the needs of the community and the state. To address the multi-fold increase in the number of women patients from the surrounding villages in the Kanakapura Taluk, we were able to establish this hospital in a timely manner through our valued association with the Health Department of Karnataka. We are grateful to be able to give back to the community and take another step forward towards improving healthcare in our country.” About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Effective Reskilling, Talent Diversity, and Digital Tool Automation Can Drive $1.4 Trillion of Revenue and $282 Billion in Profit: Infosys Study
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled a global research report titled ‘Future of Work 2023’. According to the report, up to $1.4 trillion in revenue and $282 billion in new profit could be generated through digital tools automation, diversifying talent pool, and improving skills development amongst employees. It highlights how the workplace of the 21st century will see more hybrid working and digital engagement, enabling firms to build more diverse and creative teams.<|endoftext|> The survey was conducted by the Infosys Knowledge Institute (IKI), the research arm of Infosys, and surveyed 2,500 senior executives and managers involved in workplace and workforce planning for large companies with more than $1 billion in annual revenue. The survey covered 12 industries across the US, UK, France, Germany, Australia, and New Zealand. The study focused on how shifting trends and pressures on workforce, workplace, and workstyles relate to revenue growth, profitability, and employee retention.<|endoftext|> The key findings from the survey are as follows: Shifting to a flexible, diverse, and digital work model is correlated with 7.7 percentage points higher profit growth and 6.7 percentage points higher revenue growth.<|endoftext|> Retention of employees is critical. Companies that increased their staff retention between 2020 and 2022 were almost a fifth more likely to see increased revenue and profit compared with those that saw retention fall during this period.<|endoftext|> Almost two-thirds of senior executives practice remote working rather than in-office working and expect flexible or remote workspaces to grow in the future.<|endoftext|> 65% of senior executives concurred that incorporating remote working resulted in better staff retention. Companies that incorporated wellness initiatives, home office stipends, and reskilling programs saw an increase in staff retention. Modernization and automation of digital tools, compensation rise, and bring-your-own-device strategies were also impactful on retention.<|endoftext|> Automation and modernization of digital tools are set to become the top investment priority for firms in the next two years and expected to bring in up to $123 billion in profit.<|endoftext|> Successful businesses of the future are likely to focus less on the employees’ work location and more on the mix of people who are working and how well they are supported.<|endoftext|> Respondents cited collaboration, change management, and a constant evolution of future of work approaches as the top challenges faced by companies in implementing workplace transformation strategies.<|endoftext|> Rajesh Varrier, EVP, Head of Digital Experience & Microsoft Business, Infosys, said, “Organizations have realized that remote work is here to stay and that there is a pressing need to diversify and upskill their employees to boost business growth. The findings from the Future of Work 2023 report also showcase how businesses can drive growth, productivity, and profitability through the automation of digital tools and create more inclusive workplaces.” To read the full report, visit here: Methodology Infosys used an anonymous format to conduct an online survey of 2,500 senior executives and managers involved in workplace and workforce planning for large companies across 12 industries across the US, UK, France, Germany, Australia, and New Zealand.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Introducing Infosys Equinox Studio: Cloud Native, Low-Code Solution Delivering Hyper-Personalized E-Commerce Experiences
Author: ['Infosys Limited'] Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today launched Infosys Equinox Studio to help businesses shape, integrate, publish and manage next-generation composable, computational commerce experiences from a single low-code/no-code cloud-native platform. As part of the Infosys Equinox suite, Infosys Equinox Studio enables businesses to seamlessly manage their digital experiences across channels and provide easy integrations to all enterprise and cloud-based service-oriented applications. With minimal IT involvement needed to build, modify, test and deploy these experiences, enterprises can expect up to 90% reduction in effort and time-to-market.<|endoftext|> Infosys Equinox Studio enables businesses to deliver hyper-personalized experiences to consumers. Its intuitive what you see is what you get (WYSIWYG) and drag-and-drop interface is designed to be used directly by business users to create unique human-centric experiences in real-time.<|endoftext|> Built to meet the needs of modern enterprises across performance, scalability, and compliance requirements, Infosys Equinox Studio also enables centralized management of complex portfolios of commerce sites. Its blueprint capability enables a granular configuration of what is controlled at a central level and what is delegated to individual regions, brands, or sites, which helps organizations attain better brand and experience consistency.<|endoftext|> Key features of Infosys Equinox Studio include: Speed and ease of integration: Enables businesses to drive faster speed-to-market and seamless delivery of e-commerce experiences Enables businesses to drive faster speed-to-market and seamless delivery of e-commerce experiences Rapid speed of change: Allows businesses to propagate change on a near real-time basis Allows businesses to propagate change on a near real-time basis Management at scale: Provides businesses the capability to manage sites across multiple markets, brands, and languages from a single, customizable hub Provides businesses the capability to manage sites across multiple markets, brands, and languages from a single, customizable hub Hyper-personalization: Gives businesses the ability to model and deliver experiences based on profiles and segmentation data Amit Kalley, Infosys Equinox CEO, said “In today’s competitive retail environment and as the macro-economic landscape faces downturn, enterprises must double down on digital transformation to stay in the game. With Infosys Equinox Studio, businesses can gain access to a low-code, cloud-native experience that unlocks increased business value and agility from a headless, microservices architecture. As a result, businesses can manage sites at scale, with speed, ease and hyper-personalization, thus reaching consumers where, when and how they want.” “In this uncertain market, this is an opportunity for businesses to strengthen their position with both customers and talent. The rising need for hyper-personalized experiences for end customers is placing additional stress on talent” says Heather Hershey, Research Director for IDC Worldwide Digital Commerce practice. “Infosys Equinox Studio, with its composable commerce experience interface, leverages a low-code/no code platform to open opportunities for employees at every talent level to make a meaningful impact on customer experience.” To learn more about the Infosys Equinox Studio, please visit here.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation USA Announces Crossroads 2023 Conference in Tempe, AZ
Author: ['Infosys Limited'] Infosys Foundation USA, a non-profit organization focused on bridging the digital divide in America, today announced the 2023 edition of its Crossroads conference series, which will be held from February 7-10th at the Infosys Tempe Innovation Hub on the Arizona State University campus. The invitation-only conference brings together over 200 distinguished participants from local and regional government, the business community, non-profit sector, and K-12 and higher education instructors to discuss ways to expand computer science education and digital skills for underrepresented communities. The event will also feature an evening reception at the Arizona Heritage Center to raise money for the Boys and Girls Club of the Valley, with the Infosys Foundation offering match donations.<|endoftext|> “The future is digital. Employers – in Arizona and across the nation – expect the upcoming workforce to bring new digital skills to the table,” said Inderpreet Sawhney, Chairperson of the Infosys Foundation USA. “But with only 53% of public high schools in the US offering foundational computer science courses, there is clearly a gap between educational pathways and industry demand. The Crossroads 2023 conference will bring together influencers, implementors, and decision makers to identify practical, implementable solutions that push the frontier of innovation in computer science education. The Foundation is excited to host this event rooted in collaboration and catalyst for a more inclusive future.“ “The Foundation is thrilled to be welcoming back our community of committed professionals and educators who are advocating for computer science, STEM and digital skills to be an essential component of education to prepare K-12 students for the technology-enabled world,” said Kate Maloney, Executive Director, Infosys Foundation USA. “Our goal for this event is to have participants leave with inspired, concrete ideas for how we can effectively expand K12+ computer science pathways for all. The Foundation is committed to building a digitally-inclusively future and this requires all stakeholders to work cohesively to bridge the gap. We want Crossroads 2023 to be the springboard to a new future that shifts the landscape of CS education.” Crossroads 2023 is part of the Infosys Foundation USA’s ongoing efforts to bridge the digital skills gap, in line with Infosys' ‘ESG Vision 2030’ commitment to bring digital skills to 10 million by 2025. The Foundation works towards its goals through educator training, national awards and advocacy, innovative partnerships with leading non-profits, and its free digital learning platforms – the Pathfinders Online Institute and the Digital Academy.<|endoftext|> To learn more about the event, please visit: https://www.infosys.org/infosys-foundation-usa/initiatives/crossroads.html.<|endoftext|> About Infosys Foundation USA Infosys Foundation USA was established in 2015 with the mission of expanding computer science and maker education to K-12+ students and educators across the United States, with a specific focus on increasing access to digital skills within underrepresented communities. The Foundation achieves impact through delivering professional development programs for teachers, partnering with leading nonprofits, and delivering innovative media campaigns that inspire everyone to be creators, not just consumers, of technology. For more information, visit infosys.org/USA.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with GE Digital to Deliver Energy Transition Solutions
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with GE Digital, GE’s software division, to accelerate grid transformation for the utilities sector. Together, GE Digital and Infosys will follow a joint go-to-market approach to deliver value added solutions for grid related products and services, for their new and existing clients.<|endoftext|> Infosys and GE Digital will jointly bring these solutions for the utilities industry to help grid operators realize a more reliable, resilient, and sustainable grid. This will be driven by an industry-leading grid orchestration software platform and a suite of intelligent applications that bring together energy data, network modeling, and artificial intelligence (AI). This collaboration combines GE’s deep expertise and experience with utilities in the energy sector, and long years of investment in grid equipment and platforms, and Infosys’ breadth of business transformation, system integration, and advanced technology capabilities that will enable efficient electric grid orchestration.<|endoftext|> This engagement builds on Infosys’ eighteen-year relationship with GE, that includes collaboration on innovative technology crucial for energy transition.<|endoftext|> Infosys will build a GE Digital Center of Excellence (CoE) to expand the talent pool for the GE GridOS® portfolio and bring in best practices in service delivery. Infosys will also invest in accelerators to integrate the GE platform and application suite into enterprise ecosystems and address client specific requirements. In addition, Infosys will bring in digital capabilities in areas like AI, Cloud, Cybersecurity and Industrial IoT to support utility transformation. This 360-degree collaboration will enable Infosys to work with GE to deliver the benefits of Information Technology and Operational Technology (IT-OT) convergence to utilities.<|endoftext|> “With energy transition driving increasing complexity on the grid, alignment between IT and OT is becoming very important,” said, Mahesh Sudhakaran, General Manager, GE Digital Grid Software. “Our collaboration with Infosys will help accelerate adoption of grid software that bridges these disciplines, equipping the next generation of grid operators with the tools they need to keep the grid stable, resilient, and sustainable. The utility’s ability to not just manage but orchestrate the clean energy grid relies on a unique combination of software and partnership for strategy building, as well as execution of solutions. Infosys’ clear understanding of GE solutions and strong commitment to leadership will enable significant productivity and service level improvements, along with critical cost efficiencies.” Ashiss Dash, EVP & Global Head - Services, Utilities, Resources and Energy, Infosys, said, “We are delighted to collaborate with GE Digital to drive the digital transformation of the electric grid which is very crucial for energy transition. Through our GE Digital Center of Excellence, we plan to bring product depth, scale, and service delivery best practices to this rapidly growing market. With a comprehensive understanding of utility business requirements and challenges, we look forward to leveraging our technological prowess and domain expertise to enable this transformation as part of this 360-degree collaboration.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys serves up purpose-driven digital innovations with sustainability off-court and AI on-court at the Australian Open 2023
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, is bridging technology and purpose at the Australian Open (AO) 2023, with empowering technologies for fans, players, coaches, media and the surrounding ecosystem.<|endoftext|> Now in the fifth year of its partnership with Tennis Australia (TA), Infosys is using its bespoke ‘tennis platform’ to evolve experiences for the 2023 tournament while shaping AO’s future vision.<|endoftext|> New experiences in 2023 include: Engage: A digital carbon management platform Infosys collaborated with TA to define, design and develop Engage, a prototype digital platform that will support TA in its ambition to achieve a 50% reduction in carbon emissions by 2030 and net-zero emissions by 2040, in accordance with the UN Sports for Climate Change Action Framework. The platform will enable TA to track and visualise its emissions reduction performance and will facilitate integration of vendor and supplier emissions data. The platform will enable better transparency for each AO event from 2023 onwards, across Scope 1, 2 and 3 emissions.<|endoftext|> Infosys is also driving sustainable change in its presence at the tournament. The Infosys Fan Zone at Melbourne Park is certified as climate active, with its entire carbon footprint offset and the structure recycled.<|endoftext|> AI Video Insights: Powering on-court strategy and media reporting An enhanced Player's Portal with new AI-generated videos will provide players and coaches with game and competitor insights for post-match reviews and pre-game analysis. Additional features added for AO 2023 include Get into the Zone, which plays video montages of the player’s previous exceptional performances to put them in the winning mindset before the match. An opponent tendency feature will also allow players to view and analyse the statistical playing tendencies of their opponents.<|endoftext|> Beyond players and coaches, AI Shot of the Day has been enhanced to enable Tennis Australia’s media team to quickly analyse and post social media ready clips from the best shots of each day.<|endoftext|> Match Centre 2.0: Enabling predictive insights to increase fan-engagement A refreshed Match Center 2.0 will live on the AO website and mobile app for all matches throughout the tournament providing fans with immersive insights such as Matchbeats, Stroke Summary, Rally Analysis, Courtvision and AI Commentary. A new win predictor makes every match more engaging to follow with a real-time prediction as the game progresses. To improve accessibility and engage a larger fanbase, Infosys MatchBeats has been enhanced to present simplified game data and visualisations with the use of contrasting colour combinations meeting Web Content Accessibility Guidelines 2.1 AA.<|endoftext|> Infosys Springboard: Nurturing future leaders Infosys and TA are also collaborating to nurture future leaders in the region, with year 10 and 11 students from metropolitan Melbourne and regional Victoria getting access to digital learning enabled by Infosys Springboard. Through a customised version of the platform, program beneficiaries have the opportunity to learn transferrable skills in areas such as inclusion, leadership, technology, and design thinking.<|endoftext|> Craig Tiley, CEO of Tennis Australia and Australian Open Tournament Director, said, “Working with Infosys over the past five years has enabled us to set new benchmarks in fan engagement using digital technologies. This partnership has enabled us to deliver new innovative digital experiences year after year for everyone associated with the tournament. We are also going deeper and wider in our journey this year with truly meaningful use of technology for climate action. We remain committed to making the Australian Open a global standard for a digitally-enabled sport that is inspiring, engaging, inclusive and sustainable.” Andrew Groth, Executive Vice President Infosys and Region Head, Infosys Australia and New Zealand, said, “Through detailed journey mapping of how fans, players, coaches and partners engage in the AO, our teams continually identify opportunities to innovate across digital and physical touchpoints with a focus on entertainment, sustainability and accessibility. Our journey continues in 2023, through engaging fans in new digital experiences, engaging players through digital coaching and better preparing young leaders through digital learning tools. This year, Infosys is particularly proud to contribute to the long-term sustainability goals of Tennis Australia, with the development of the Engage carbon tracking platform, which will be transformative for the sport and the AO as it moves towards a net-zero future.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Ranked in the Top 3 IT Services Brands in the World; Among the Top 150 Most Valued Brands
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been recognized as the top 3 most valuable IT services brands globally, according to Brand Finance, the world’s leading brand valuation firm, in its Brand Finance Global 500 2023 report. Continuously accelerating brand growth, marked by 84% increase in its brand value since 2020, Infosys is now among the top 150 most valuable brands in the world.<|endoftext|> “Sustained client relevance, best-in-class delivery excellence and a deep commitment to purpose are differentiators for brand Infosys, consolidating its position among the industry’s preferred partners for navigating digital transformation”, said Salil Parekh, Chief Executive Officer, Infosys. “Strategic investments in employee care and development, along with our deep commitment to environmental, social and governance priorities has helped Infosys’ sustain its market leading position as a business and as a valuable brand.” David Haigh, CEO and Chairman of Brand Finance commented: "Infosys has recently celebrated 4 decades of success and through these years they have built a brand of excellence with a brand value that keeps growing as Infosys storms up the rankings. Due to great leadership from their CEO, Salil Parekh, and differentiated digital services, Infosys holds its strong position as one of the top 3 IT services brands in the world and has risen to become one of the top 150 brands in the world." Being positioned among the world’s top 3 most valuable IT Services brands, for two consecutive years, by Brand Finance, is an outcome of Infosys’ continued investments in nurturing digital brands and building new client-relevant digital capabilities. The launch of Infosys metaverse foundry to ease and fast-track enterprises’ exploration of the metaverse, including virtual and augmented environments is one such example. The growth of the cloud solution brand Infosys Cobalt, powered by new industry-specific value levers and a network of strong partnerships is another strong example. Infosys strives to be an employer of choice differentiated by its brand promise to help navigate careers forward. Infosys was awarded Top Employer Certification in 22 countries, ranked among the top 3 employers in Asia Pacific, Middle East, and North America for best-in-class people practices.<|endoftext|> The company has built and nurtured several strategic brand collaborations. Over the past year, Infosys has forged a new collaboration to digitally reimagine tennis heritage for the International Tennis Hall of Fame as their digital innovation partner. Infosys also expanded its collaboration with Dow Jones in a brand partnership to develop new human-centered digital experiences. Infosys continues to accelerate brand momentum through its collaborations with the Madison Square Garden, including key MSG properties New York Knicks, New York Rangers and the Madison Square Garden Arena, the ATP, Roland Garros, the Australian Open as well as The Economist, Financial Times and Bloomberg Media.<|endoftext|> Brand Infosys is making steady progress in delivering the goals articulated in its ESG Vision 2030 first published in 2020. For example, Infosys Springboard – the company’s flagship global reskilling program democratizing learning, with free digital content, already has 4.6 million users registered to learn digital skills that are preparing them for a rapidly transforming talent market. Infosys also continues to be carbon neutral for three years now. The brand has been acknowledged for demonstrating exceptional leadership and a commitment to move the needle with efforts across Environmental, Social and Governance programs. Tellingly, Infosys was recognized as one of the 2022 World’s Most Ethical Companies for the second consecutive year by Ethisphere.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Collaborates with Jawaharlal Nehru Technological University – Kakinada to Digitally Skill India through Infosys Springboard
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting today announced that it has signed a memorandum of understanding (MoU) with the Jawaharlal Nehru Technological University – Kakinada (JNTU-K) to accelerate digital and life skills development across India through its online learning platform, Infosys Springboard. The platform is already delivering corporate-grade learning experiences by orchestrating closer educator-learner collaboration.<|endoftext|> As part of the engagement with Infosys, JNTU-K will offer e-content on their website including self-learning material, assignments and projects, powered by Infosys Springboard, to accelerate digital skills development. JNTU-K has introduced 8 skill-oriented courses in collaboration with Infosys. Industry-relevant content will be made available, through Infosys Springboard, to 200+ affiliated institutions impacting about 1.5 lakh students. This will benefit not just students but members of their faculty too, to help implement the National Education Policy (NEP) 2020.<|endoftext|> Dr. G.V.R. Prasada Raju, Vice Chancellor, JNTU-K, said, “We seek to improve the employability of the youth of Andhra Pradesh by providing them exposure to cutting edge technologies such as data analytics, mobility, AI, ML and cloud. We offer them extensive training through experiential and collaborative learning delivered via e-learning platforms along with opportunities for industry networking and access to research. The National Education Policy (NEP) gives us ample scope to implement these tactics. In fact, at JNTU-K we’ve included eight state-of-the-art skill development subjects into our B.Tech., CSE and IT curriculum. In this context, JNTU-Kakinada and Infosys have entered into a collaborative arrangement to leverage Infosys Springboard program, with its rich repository of 12,000+ courses, for developing the digital skills of the faculty and students of JNTU-Kakinada.” “We are delighted to collaborate with JNTU-K to support a generation of enthusiastic learners who have a strong aspiration to participate in our digital future. We are confident that this collaboration will contribute massively to the advancement of technical education in India and help youth build industry-relevant skills in a rapidly transforming world,” said, Thirumala Arohi, Senior Vice President and Head – Education, Training and Assessment at Infosys.<|endoftext|> Since its launch, Infosys Springboard continues to expand its reach to learners by growing its thriving community to more than 3.5 million registered users. Through its academia-industry collaboration initiative, Campus Connect, over 1,000 higher educational institutions have registered on the Infosys Springboard platform. Infosys, in line with its ESG Vision 2030, aims to enable digital skills at scale and empower over 10 million people in India through the Infosys Springboard program.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Financial information for the Third Quarter ended December 31, 2022
Author: ['Infosys Limited'] Results for the Third Quarter ended December 31, 2022 Infosys announces results for the third quarter ended December 31, 2022 on Thursday, January 12, 2023.<|endoftext|> Schedule of events Press release on schedule of events Highlights (IND AS) Standalone and consolidated results and Regulation 33 auditors reports Press releases IFRS USD | IFRS INR Fact Sheet Download Investor Sheet Download Financial Statements IFRS Financial Information Ind AS Standalone | Consolidated Additional information Download Management's comments on the results January 12, 2023 4:30 p.m. (IST) Archived Webcast of Press Conference | Transcript Webcast of conference call January 12, 2023 6:00 p.m. (IST) Archived Earnings conference call - Audio | Transcript
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Infosys Press Release (PR)
Title: Infosys Foundation Announces the Third Edition of the Aarohan Social Innovation Awards
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys today announced the launch of the third edition of its Aarohan Social Innovation Awards. To further social innovation in India, Infosys Foundation is inviting innovators and social entrepreneurs from across the country to participate in the awards.<|endoftext|> The Aarohan Social Innovation Awards 2023 seek to encourage and reward individuals, teams and NGOs developing unique technology-based solutions that have the potential to bring about a significant difference to the underprivileged across India, at scale. The Infosys Foundation will commit up to INR 50 lakh per winner, with a total award purse of INR 2 crore.<|endoftext|> “At Infosys Foundation, we have always believed in the power of working relentlessly towards social good. Aarohan Social Innovation Awards further this very aim through a platform where the finest innovations with the potential to impact social good are valued, encouraged, and rewarded. The past editions of the awards have been a huge success, creating tremendous impact. With the 2023 edition, we hope to carry this momentum forward by encouraging social innovators across the country to translate their ideas and passion into impactful award-winning solutions, with the potential to bring real change, at scale.” said, Sumit Virmani, Trustee, Infosys Foundation.<|endoftext|> The Aarohan Social Innovation Awards 2023 will accept submissions across three categories: Education Healthcare Women Empowerment Key Highlights: The submissions for the third edition of the Aarohan Social Innovation Awards will commence on January 10th, 2023, and will conclude on March 12th, 2023 Entries are open for all Indian citizens, of 18 years and above who are residing in the country Participants can submit entries describing their work in the form of videos that can be uploaded on the Aarohan Social Innovation Awards website The entries must be of a fully functioning prototype or finished project and not just a concept, idea, or mockup; additionally, the innovation can be from an individual, a team, a non-profit or a social enterprise.<|endoftext|> A panel of distinguished judges will evaluate the shortlisted participants to ascertain the final winners. The final winners will be evaluated on the following broad criteria: Application to a social problem or need, with a potential to scale Innovative use of technology, with a focus on sustainability Originality of ideas Ease of use Quality of presentation For more information on the Aarohan Social Innovation Awards, submission process, and judging criteria, please visit: Infosys Foundation | Aarohan Social Innovation Awards About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, arts and culture, and destitute care. Its mission is to work in remote regions of several states in India. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large. For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Prize 2022 Awarded to Researchers in Six Categories
Author: ['Infosys Limited'] The Infosys Science Foundation (ISF) today awarded the winners of the Infosys Prize 2022 for their significant contributions to research at a presentation ceremony in Bengaluru. The work of the winners has potential impact in the areas of accessible healthcare and diagnostics, inclusive economic and social policy design, a better understanding of our mental health and how our constitution protects India’s democratic polity.<|endoftext|> The winners, across categories such as Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences, were felicitated with a pure gold medal, a citation, and a prize purse of USD 100,000, by the Chief Guest Prof. Shafi Goldwasser, Turing Award laureate and Director, Simons Institute for the Theory of Computing.<|endoftext|> Expressing her thoughts on the occasion, chief guest Prof. Goldwasser, said, “I am thrilled and honored to be invited today to pay my respect to all the winners. Science, mathematics, and engineering are the theoretical foundation and practical engines for knowledge and technology that is changing the world, making us globally connected, pushing forward medical advances, improving our energy usage and infrastructure, and fundamentally enlarging our understanding of the cosmos and the world around us. I am in awe of what the scientists of this country have given the world, and I salute Infosys Science Foundation for paying tribute and respect to the researchers, both scientists and humanists, who are the true heroes of progress.” Stressing on the significance of investing in science and research, Kris Gopalakrishnan, President, Infosys Science Foundation, said, “The Infosys Science Foundation has instituted the Infosys Prize to highlight the importance of scientific research for the development of India and the world. We are proud to honor the work of our laureates. From exploring the frontiers of brain research and astronomy to developing solutions for the urgent healthcare needs of underserved populations to examining the notions of justice in a fast-changing world inundated by the climate emergency and pandemics, our laureates are working on the cutting edge of science, technology, and scholarship. Their work is inspiring a new generation of researchers while revolutionizing the science and research landscape in India.” The winners were chosen by jury panels chaired by eminent academics: Prof. Arvind (Massachusetts Institute of Technology) for Engineering and Computer Science; Prof. Akeel Bilgrami (Columbia University) for Humanities; Prof. Mriganka Sur (Massachusetts Institute of Technology) for Life Sciences; Prof. Chandrashekhar Khare (University of California, Los Angeles) for Mathematical Sciences; Prof. Shrinivas Kulkarni (California Institute of Technology) for Physical Sciences; and Prof. Kaushik Basu (Cornell University) for Social Sciences.<|endoftext|> The event was attended by distinguished scientists and academicians from around the world, business leaders, young researchers, and students. Trustees of the Infosys Science Foundation – Mr. S. Gopalakrishnan, Mr. Narayana Murthy, Mr. Srinath Batni, Mr. K. Dinesh, Mr. Nandan Nilekani, Mr. Mohandas Pai, Mr. Salil Parekh, and Mr. S.D. Shibulal were present at the award ceremony.<|endoftext|> Winners of the Infosys Prize 2022 in the six categories are: Engineering and Computer Science Suman Chakraborty, Professor of Mechanical Engineering at the Indian Institute of Technology, Kharagpur was awarded the Infosys Prize 2022 in Engineering and Computer Science for his work in fluid mechanics which has been used to develop several diagnostic devices including a handheld device for detecting oral cancer. These cost-efficient devices are particularly useful in resource-limited settings and could potentially save millions of lives.<|endoftext|> Humanities Sudhir Krishnaswamy, Vice Chancellor of National Law School of India University, Bengaluru was awarded the Infosys Prize 2022 in Humanities for his scholarly work on the importance of the basic structure doctrine of the Indian Constitution that was adopted by the Supreme Court in 1973. The doctrine governs efforts to amend the constitution, while also ensuring its stability in the face of executive and legislative outcomes in India’s political life.<|endoftext|> Life Sciences Vidita Vaidya, Professor and Chairperson, Department of Biological Sciences, Tata Institute of Fundamental Research, Mumbai was awarded the Infosys Prize 2022 in Life Sciences for her work on understanding brain mechanisms that underlie mood disorders such as anxiety and depression. Prof. Vaidya’s research examines the signals engaged by the neurotransmitter serotonin in causing persistent changes in behavior brought about by stress in early life and the role of serotonin in energy production in brain cells which has immense significance for how we understand the aging brain. In a time when conversations around mental health have become ever more urgent Vaidya’s work is extremely contextual., Mathematical Sciences Mahesh Kakde, Professor of Mathematics, Indian Institute of Science, Bengaluru was awarded the Infosys Prize 2022 for his outstanding contributions to algebraic number theory, specifically the non-commutative Iwasawa main conjecture. Prof. Kakde’s work could have important potential applications in computing and cryptography.<|endoftext|> Physical Sciences Nissim Kanekar, Professor, National Centre for Radio Astronomy, Pune was awarded the Infosys Prize 2022 for his study of galaxies in an era called cosmic noon in which stars were being formed at a maximum rate. Prof. Kanekar’s work has put India’s radio astronomy capabilities on the world map.<|endoftext|> Social Sciences Rohini Pande, Henry J. Heinz II Professor of Economics and Director, Economic Growth Center, Yale University, was awarded the Infosys Prize 2022 in Social Sciences for her research on governance and accountability, women’s empowerment, the role of credit in the lives of the poor, and the environment. Her empirical findings, based on diverse methodologies, offer major promise and potential for policy design in emerging economies, including India. Prof. Pande’s work on inclusive democratic institutions has tremendous implications in a world where critical discussions and debates are ongoing in the face of the climate emergency and related issues of social justice.<|endoftext|> For more information on the Infosys Prize winners’ work, we invite you to read the Infosys Prize 2022 citation brochure on our website www.infosysprize.org.<|endoftext|> About Infosys Science Foundation The Infosys Prize is awarded by the Infosys Science Foundation, a not-for-profit trust set up in 2009. The award is given annually to honor outstanding achievements of contemporary researchers and scientists in six categories: Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences. Each prize consists of a gold medal, a citation and a purse of USD 100,000. The award intends to celebrate success in research and stand as a marker of excellence in these fields.<|endoftext|> Prof. Arvind | Prof. Akeel Bilgrami | Prof. Mriganka Sur | Prof. Chandrashekhar Khare | Prof. Shrinivas Kulkarni | Prof. Kaushik Basu Srinath Batni | K. Dinesh | S. Gopalakrishnan | Narayana Murthy | Nandan Nilekani | T. V. Mohandas Pai | Salil Parekh | Shibulal S.D About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed |
Continue Infosys Press Release (PR)
-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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For further information, please contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Compaz Collaborates with Singapore’s StarHub for their IT Transformation Journey
Author: ['Infosys Limited'] Infosys Compaz, a joint venture between Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, and Temasek, today announced a collaboration with Singapore-based info-communications provider StarHub, to enable their IT transformation, while strengthening their technology operations, service management and cybersecurity. Through this engagement, Infosys Compaz will boost the quality, performance, availability, responsiveness, and cost efficiency of StarHub’s foundational technology platform, while improving customer satisfaction and minimizing cyber risks.<|endoftext|> Infosys Compaz will work with StarHub to execute large-scale IT operations management projects, while bringing strong digital capabilities, depth of solutions, robust cybersecurity, and the ability to drive business innovation powered by Infosys Cobalt. As part of this collaboration, Infosys Compaz will help StarHub enhance their sourcing strategy for IT services, to support their changing business needs while establishing a variable cost structure. Additionally, Infosys Compaz will work alongside StarHub to restructure their service management and governance models to improve control and delivery management while updating their security infrastructure to maintain high levels of security.<|endoftext|> Kee Yaw Yee, CIO, StarHub, said, “We are excited to collaborate with Infosys Compaz to strengthen key components of our IT application and infrastructure landscape as we prepare for the future with a new IT operating model. StarHub’s technology leadership, coupled with Infosys’ deep domain competencies, local presence, and proven digital capabilities, will definitely strengthen and accelerate StarHub’s digital journey, which augurs well for our DARE+ strategy and promises to benefit our customers.” Mohit Joshi, President, Infosys, said, “Across several global engagements, Infosys has proven its command in the sphere of large-scale technology operations and digital transformation. We are delighted that Infosys Compaz was chosen to drive StarHub’s digital transformation journey and to accelerate their innovation agenda.” Manohar Atreya, CEO, Infosys Compaz said, “We are delighted to collaborate with StarHub in their strategic digital journey. We are proud to leverage our global experience and benchmarked best practices to strengthen StarHub’s digital transformation.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation and Bharatiya Vidya Bhavan to host a weeklong cultural festival in Hyderabad from December 24
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, along with Bharatiya Vidya Bhavan (BVB) will host the third edition of their joint cultural festival for the promotion of Indian visual and performing arts, in Hyderabad. The third weeklong cultural festival will take place from 24th to 30th December 2022, at Rajaji Sabhagriha, Bharatiya Vidya Bhavan, Basheerbagh, in Hyderabad.<|endoftext|> Themed as 'Nisarga Vaibhava’ (Nature's Glory), the festival will showcase different art forms from India on one stage. Over the last few months, Infosys Foundation and BVB have successfully organized 7-day cultural festivals in Mysuru and Chandigarh. More festivals are scheduled to take place in New Delhi, Mumbai, Thiruvananthapuram, Indore, and Bengaluru. Through these festivals, Infosys Foundation and BVB will provide a platform to over 4,500 beneficiaries, including 3,000 artists from underprivileged communities towards the preservation of traditional Indian folk and classical art forms.<|endoftext|> Krish Shankar, Trustee, Infosys Foundation, said, “We are delighted at the success of our first two cultural festivals. At Infosys Foundation, the promotion of Indian visual and performing arts is a key focus area, as we firmly believe that it showcases the beauty of India’s rich and diverse culture in these fast-moving times. Through our association with Bharatiya Vidya Bhavan, our collective aim is to embolden Indian artists from various backgrounds to come to the forefront and display their talents, thus safeguarding various art forms from being forgotten over time.” H.N.Suresh, Director Bharatiya Vidya Bhavan, Bengaluru Kendra, “We are elated by the response received to our collective efforts in promoting our country’s rich cultural history through these festivals. As a proponent of Indian art and culture, Bharatiya Vidya Bhavan deeply appreciates the support of the Infosys Foundation in keeping alive Indian visual and performing art and encouraging artists springing from diverse backgrounds to take delight and pride in their work.” About Bharatiya Vidya Bhavan Founded in 1938, Bharatiya Vidya Bhavan’s objective is to promote and propagate Indian values and culture spanning literature, music, dance, and other fine arts. Today, it has grown into a multifaceted, worldwide organization.<|endoftext|> About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Infosys and WSJ Intelligence Report: Despite economic downturn, employees still hold power in workplace
Author: ['Infosys Limited'] Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, and WSJ Intelligence, a leading analytics platform that provides timely, custom research and insights for brands, today released a new report — “The New Workplace” — uncovering the biggest trends and priorities that will drive the workplace in 2023 and beyond. The report reveals tangible gains made in productivity, improved employee experiences from hybrid work, and the need for a purpose-driven approach to recruiting, company culture, and business strategy.<|endoftext|> Infosys and WSJ Intelligence surveyed more than 1,000 U.S. senior executives to explore workplace trends resulting from the pandemic—from hybrid and remote work to the economy’s impact on the labor market—and how both employees and employers feel about them. The report underscores that employers are facing an inflection point: They must rethink work norms and learn to adapt and derive value from the long-term impact of the pandemic.<|endoftext|> The report identified five key findings: Productivity does not correlate with remote or in-office work: While 57% of respondents agreed remote work boosts productivity, 53% also agreed productivity is a key benefit of working in-office. However, the study also found that certain industries experienced higher productivity from remote work than others. Of the industries that fared best with remote work, high-tech (63%), telecom (54%), and financial services (51%) reported their industries will likely adopt a “work from anywhere” model going forward.<|endoftext|> While 57% of respondents agreed remote work boosts productivity, 53% also agreed productivity is a key benefit of working in-office. However, the study also found that certain industries experienced higher productivity from remote work than others. Of the industries that fared best with remote work, high-tech (63%), telecom (54%), and financial services (51%) reported their industries will likely adopt a “work from anywhere” model going forward. There’s no “one-size-fits-all” approach to remote and hybrid work — but leaders still care about visibility: Respondents are torn when it comes to remote and in-office work, agreeing that each company should make policy decisions based on business needs, industry, and work culture. Across industries, nearly half (46%) of leaders agreed office visibility was still important as part of the performance evaluation process.<|endoftext|> Respondents are torn when it comes to remote and in-office work, agreeing that each company should make policy decisions based on business needs, industry, and work culture. Across industries, nearly half (46%) of leaders agreed office visibility was still important as part of the performance evaluation process. Work-life balance is dependent on remote work: 60% of respondents indicated work-life balance improved with remote work, while only 43% were able to achieve this balance pre-pandemic when working in-office.<|endoftext|> 60% of respondents indicated work-life balance improved with remote work, while only 43% were able to achieve this balance pre-pandemic when working in-office. Employees value companies that align business strategy with purpose: When it comes to business causes and profits, sustainability and purpose are top of mind for employees, with 75% of respondents noting a purpose strategy is core to talent retention and recruitment.<|endoftext|> When it comes to business causes and profits, sustainability and purpose are top of mind for employees, with 75% of respondents noting a purpose strategy is core to talent retention and recruitment. Employers determine remote work policies based on skills versus degrees: Employers are reimagining plans to hire, onboard, and upskill workers with a stronger emphasis on skills (64%) vs. degrees (53%), and they must make hybrid or remote work policies based on worker preference and performance abilities in order to survive. This is especially true for employers in the tech, retail, telecom, manufacturing, and energy sectors.<|endoftext|> Tan Moorthy, EVP and Head of Delivery for the Americas, Infosys, said, “As ‘The New Workplace’ report shows, the benefits of remote and in-office work vary by job and industry. One model isn’t better than the other, which means gone are the days where location matters. Employers will make the call on who comes into the office and who doesn’t based on what each worker can do. Skills and abilities — not degrees or showing up at an office — will drive post-pandemic workplace norms.” Elizabeth Nann, Executive Director, WSJ Intelligence, said: “In collaboration with Infosys, our research brings to light the growing need for workplace flexibility and innovation, as employees demand policies that match culture, and employers seek top talent to meet purpose-oriented business needs.” To view the full report, please visit: https://partners.wsj.com/infosys/humanizing-digital/ Methodology This report, conducted by WSJ Intelligence with sponsorship from Infosys, presents the key findings of a survey of 1,002 senior executives at large U.S. companies (with over $500 million in revenue).<|endoftext|> About WSJ Intelligence WSJ Intelligence conducts bespoke and secondary custom research for brands and advertising partners of The Wall Street Journal | Barron’s Group. Through rigorous analysis, WSJ Intelligence provides insights that are relevant, timely, and reliable. The Wall Street Journal news organization is not involved in the creation of this content.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation and Bharatiya Vidya Bhavan Jointly Present a Week-long Cultural Festival
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it inaugurated a week-long cultural festival in Chandigarh for the promotion of Indian visual and performing arts. The festival is presented jointly with Bharatiya Vidya Bhavan (BVB). The festival was inaugurated by Honorable Shri. Banwarilal Purohit, Governor, Punjab and UT Administrator.<|endoftext|> Last month, a similar event was hosted in Mysuru that focused on the theme ‘Festivals of India’. Now, for the second such event being held in Chandigarh – from 9th December to 15th December 15, 2022, at Bharatiya Vidya Bhavan, Madhya Marg, Chandigarh – the event theme is 'Contemporary Art'. In the months to come, five more cultural festivals will be held across Hyderabad, Thiruvananthapuram, New Delhi, Mumbai, and Indore.<|endoftext|> Krish Shankar, Trustee, Infosys Foundation, said, “Cultural richness and diversity are woven into the fabric of India’s identity. At Infosys Foundation, we believe that it is important that we do not let this corrode with time. Our efforts towards promoting and preserving culture are aimed at encouraging artists to come to the forefront and showcase their work, thereby contributing to keep art and culture alive in this ever-evolving world.” H.N. Suresh, Director, Bharatiya Vidya Bhavan, Bengaluru Kendra, said, “Bharatiya Vidya Bhavan has focused on promoting education, art, and culture in myriad ways since its inception. We acknowledge and appreciate the support of the Infosys Foundation in keeping our cultural gems alive and encouraging artists springing from diverse backgrounds to take delight and pride in their work. We hope to strengthen this collaboration to expand its purview and reach more artists.” About Bharatiya Vidya Bhavan Founded in 1938, Bharatiya Vidya Bhavan’s objective is to promote and propagate Indian values and culture spanning literature, music, dance, and other fine arts. Today, it has grown into a multifaceted, worldwide organization.<|endoftext|> About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Research: Nine out of Ten Executives Report ESG Delivers ROI
Author: ['Infosys Limited'] Increased ESG investment correlates with higher profits, according to new research from the Infosys Knowledge Institute, the thought leadership and research arm of Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting. The report identified actions that companies should take now to achieve ESG goals and generate financial returns across sustainability initiatives.<|endoftext|> The Infosys report, ESG Redefined: From Compliance to Value Creation, reveals that nearly all (90%) executives said their ESG spending led to moderate or significant financial returns. Most respondents (66%) experienced ESG returns within three years. The report acknowledges that despite ESG’s clear link to profit growth, budgets are likely to be an obstacle in the current economy. This is worrisome, as companies need more financial resources and operating model changes to achieve ESG goals and sustain profit growth.<|endoftext|> Mohit Joshi, President, Infosys, said, “There is nothing novel about the idea that you have to spend money to make money. However, although 90% of respondents in our study say ESG gives ROI, there is still a lag in applying strategy to ESG as it is done for other parts of their businesses. Companies must shift views to recognize ESG as a value creator to reap the financial benefits of ESG investments and to achieve maximum impact in creating a better, more sustainable world.” Strategy alignment and execution will allow businesses to accelerate their ESG initiatives with greater payoff. The Infosys Knowledge Institute revealed several insights to guide companies to accelerate ESG’s financial rewards: ESG is a proven moneymaker. The report found that a 10 percentage point increase in ESG spending correlates with a 1 percentage point increase in profit growth. A company that currently spends 5% of its budget on ESG can expect a one percentage point profit increase if it aligns operating or capital budget to increase ESG spending portion to 15%.<|endoftext|>. The report found that a 10 percentage point increase in ESG spending correlates with a 1 percentage point increase in profit growth. A company that currently spends 5% of its budget on ESG can expect a one percentage point profit increase if it aligns operating or capital budget to increase ESG spending portion to 15%. Overlooking the ‘S’ and ‘G’ in ESG reduces profitability. Many companies focus ESG efforts on the environmental segment with commitments to carbon neutrality, net zero, and reducing greenhouse gas emissions. However, there are also opportunities to improve financial results through social and governance initiatives. Research data shows social initiatives like board diversity correlate to improved profitability.<|endoftext|>. Many companies focus ESG efforts on the environmental segment with commitments to carbon neutrality, net zero, and reducing greenhouse gas emissions. However, there are also opportunities to improve financial results through social and governance initiatives. Research data shows social initiatives like board diversity correlate to improved profitability. ESG leadership strategy correlates with a 2 percentage point increase in profit and revenue growth. Companies perform better financially when they demonstrate all the following: a chief diversity officer (CDO), chief sustainability officer (CSO), ESG committee on the board, and also when the CSO clears capital expenditures for ESG initiatives. However, only about a quarter (27%) of those surveyed say their company has all four components in place. The survey data analysis also found that the C-suite and top executive ranks were the most neglected areas for ESG changes. Only 19% of respondents say their company ties executive compensation to ESG goals, and just 30% say their firms place responsibility for ESG with the C-suite.<|endoftext|>. Companies perform better financially when they demonstrate all the following: a chief diversity officer (CDO), chief sustainability officer (CSO), ESG committee on the board, and also when the CSO clears capital expenditures for ESG initiatives. However, only about a quarter (27%) of those surveyed say their company has all four components in place. The survey data analysis also found that the C-suite and top executive ranks were the most neglected areas for ESG changes. Only 19% of respondents say their company ties executive compensation to ESG goals, and just 30% say their firms place responsibility for ESG with the C-suite. Supply chain transparency matters. Research found that almost all companies are interested in aligning their ESG goals with their supply chain, especially as more companies are expected to account for their scope 3 greenhouse gas emissions. However, less than one-third share ESG expectations or requirements for suppliers. Only 16% say they renegotiate contracts based on ESG data from those in the supply chain — indicating a clear need for more leadership in the supply chain and incentives to share ESG data, whether it’s meeting new contract requirements or making themselves more appealing to others in the supply chain.<|endoftext|> To read the full report, visit here.<|endoftext|> Methodology Infosys used an anonymous format to conduct an online survey of 2,500 business executives across industries across the US, UK, France, Germany, the Nordics, Australia, New Zealand, China, and India. To gain additional, qualitative insights, the researchers interviewed subject matter experts and business leaders.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Expands Footprint in Nordics by Establishing a new Proximity Center in Gothenburg, Sweden
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a new proximity center in Sweden. With this investment, Infosys aims to enhance its localization strategy in the Nordics by bringing next-generation digital offerings to its clients in the region, as they navigate the next stage in their digital journeys.<|endoftext|> Over the past two decades, Infosys has been steadily growing its footprint across the Nordics. The new center represents another step to strengthening the strategic presence in Gothenburg, a major city on the west coast of Sweden and an emerging automotive, digital tech and green innovation hub in Europe.<|endoftext|> Axel Josefson, Chairman City Executive Board, Gothenburg, said “We are delighted that Infosys has chosen the city of Gothenburg for its new proximity center. The center will bring next generational digital technologies and skills to the city and Nordic region. Infosys’ venture will significantly contribute to strengthening the internationally renowned technology cluster we have here at Lindholmen Science Park.” Robin Sukhia, Secretary General and President, Sweden-India Business Council, said “We are very glad to see our member Infosys expanding in Sweden. Opening an office in Gothenburg shows their commitment not only to the large local industry Gothenburg offers, but also to the Swedish market and their clients. We are happy to support Infosys in their continuing journey in Sweden.” Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said “We are thrilled to fortify our presence in the Nordics with the new center in Gothenburg, Sweden. With this latest milestone, Infosys is well poised to work ever more closely with our clients based out of the region and build next-gen solutions in areas like digital manufacturing, connected products, and online customer experience. We are confident that by leveraging the unparalleled combination of local talent and world class technologies like cloud, IoT, software engineering and Artificial Intelligence (AI), Infosys can empower clients across the Nordics to be future ready.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation Diabetes Care Program to help in remission of Type 2 Diabetes
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced the opening of the second Diabetes Reversal Counseling Center in Nagpur, in collaboration with the Association for Diabetes and Obesity Reversal (ADORE). Earlier, Infosys Foundation had signed a Memorandum of Understanding (MoU) with ADORE to help in remission of type 2 diabetes in patients through lifestyle modifications. A sum of INR 2.4 crore was pledged towards this initiative, covering two centers in Pune and Nagpur for a period of three years. The Pune center started operations on 21st November this year to mark World Diabetes Day.<|endoftext|> The initiative is aimed at benefiting 12,000 patients over 3 years. Through lifestyle modifications, ADORE will assess the progress of patients based on parameters like reduction in blood sugar levels and weight, among others. Additionally, it intends to reduce the dose of diabetic medicines for a minimum of 50 percent of the patients.<|endoftext|> The Diabetes Reversal Counseling Center in Nagpur, which is scheduled to commence operations from 1st December, will provide free counselling services to patients. The center will also conduct a free HbA1c testing camp for ten days from 5th to 14th December where people can register themselves for free testing.<|endoftext|> Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, “We are extremely delighted to collaborate with ADORE to mitigate the effects of type 2 diabetes in thousands of patients. This synergy is driven by our shared vision to improve lives of patients by encouraging and enabling minor changes in their lifestyle. We are confident that these small steps, coupled with ADORE’s supervision and guidance, will bring about a colossal difference in their health.” “We appreciate the support of Infosys Foundation as we strive to eradicate type-2 diabetes for patients in Pune and Nagpur. The soon-to-be-operational Nagpur center, manned with a diabetologist and counselor, will provide individual counseling and guidance. We hope to take this endeavor to greater heights to help better as many lives as possible”, said, Dr. Jagannath Dixit, Chairman of Association for Diabetes and Obesity Reversal (ADORE).<|endoftext|> About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Infosys and UNLEASH organize Global Innovation Lab 2022 to advance youth-led solutions in alignment with UN Sustainable Development Goals
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with UNLEASH, a non-profit organization with a mission to get the youth to create innovative and scalable solutions to help reach the Sustainable Development Goals (SDGs). Together, Infosys and UNLEASH will advance youth-led solutions aligned with the UN SDGs, amplify ESG best practices and accelerate digital skilling, through the Global Innovation Lab 2022. Through interactive exercises and activities based on human-centered design thinking, participants at the Global Innovation Lab 2022 will develop tech-savvy solutions for the SDGs, while pursuing their vision to provide quality education and learning opportunities for all.<|endoftext|> The Global Innovation Lab 2022 will be hosted from December 3rd to 10th at Infosys’ Mysuru Development Center, one of the world’s largest corporate universities. The event brings together over 1,000 young minds between 18 and 35 years of age, from around the world, to innovate and design sustainable solutions for the future.<|endoftext|> “Infosys, since inception, has been steered by its purpose to amplify human potential and create opportunities for people, business, and communities. We are delighted to collaborate with UNLEASH and host the Global Innovation Lab 2022, a platform that mobilizes youth to co-create a sustainable future. Together, Infosys and UNLEASH will facilitate the exploration of digital solutions to address UN’s SDGs and create digital solutions to improve education reforms globally,” said, Nandan Nilekani, Chairman, Infosys.<|endoftext|> “We are very pleased that Infosys will be hosting the UNLEASH Global Innovation Lab at their unique campus in Mysuru, and I can think of no better place for UNLEASH Talents to co-create solutions to some of our times most daunting, grand challenges. Infosys’ innovative and disruptive technologies and their focus on ESG and education is the perfect environment for an Innovation Lab for the UN’s 2030 Agenda,” said, Professor Flemming Besenbacher, Chairman of UNLEASH.<|endoftext|> Infosys, furthering its commitment to digitally skill over 10 million people by 2025 and bridge the digital divide, leverages its platform, Infosys Springboard, to democratize quality education and strengthen the next-generation workforce with digital and life skills. Having achieved carbon neutrality 30 years ahead of the timeline set by the Paris Agreement, Infosys aims to further the UN’s SDG mandate through UNLEASH India. Responsibility is an opportunity unleashed with Infosys! About UNLEASH UNLEASH is a global initiative committed to bringing youth together to share ideas, build networks and create innovative and scalable solutions to help reach the Sustainable Development Goals. Our mission is to accelerate positive change towards the SDGs by mobilizing young talented people in community leadership, problem-solving, and launching social and environmental solutions. Every year, we unite young people from across the world for an annual innovation lab, organize dozens of local SDG hackathons and accelerate the implementation of top solutions. UNLEASH has been recognized as one of the world’s most influential sustainability brands, having engaged 5,000 young people from 167 countries and facilitated the development of 700 SDG solutions with +300 partners. Since 2017, UNLEASH has run three annual Innovation Labs in Denmark, Singapore, and China.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys to Digitize and Automate Processes at Envision AESC’s EV Battery Manufacturing Plants
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Envision AESC, a world-leading battery technology company. Through this collaboration, Infosys will help develop a cloud-based platform to digitize and automate manual processes at Envision AESC’s Electric Vehicle (EV) battery manufacturing plants.<|endoftext|> Initially, the cloud-based platform seeks to digitize key processes that require a high level of human intervention. In the long-term, the cloud-based platform aims to improve productivity, enhance end-to-end visibility, and simplify quality monitoring through data-driven reporting and analytics tools. Further, the modular and extensible cloud-based platform will not only offer rich user experience but also bring about scalable, resilient, and predictable performance of business applications across geographies. This new cloud-based platform, co-developed by Infosys and Envision AESC, leverages AWS Cloud components of Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey.<|endoftext|> “At Envision AESC, we believe that advancements in battery technology will propel the EV revolution to newer heights. The manufacturing processes of our breakthrough batteries need a robust digital foundation to accelerate the speed and scale of innovation. We are confident that Infosys, with their trusted cloud technologies and deep expertise in the automotive industry, will help us continue on our journey towards achieving our transformation goals,” said, Brian Sullivan, Executive Vice President of Global Manufacturing and Supply Chain at Envision AESC.<|endoftext|> Jasmeet Singh, Executive Vice President and Global Head of Manufacturing at Infosys, said, "As e-Mobility continues to transform the automotive landscape, building a strong digital core in cloud is a business imperative. We are delighted that in collaboration with Infosys, Envision AESC will be taking a cloud-first approach to digitize operations in its EV battery manufacturing plants. We believe that our co-innovation efforts will catalyze the development of next-generation EV batteries from a sustainability and circularity standpoint.” About Envision AESC Envision AESC is a world-leading battery technology company committed to research, development, design, manufacture and sale of high-power batteries and energy storage batteries. Headquartered in Japan, Envision AESC has produced high-performance, extended range batteries for more than 650,000 electric vehicles in 44 countries, achieving a record of ‘zero critical battery malfunction.’ Find out more at https://www.envision-aesc.com/en/.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys InStep Ranked as the ‘Best Internship Program’ for Five Consecutive Years
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that InStep, the company’s flagship global internship program, has been awarded the title of ‘Best Overall Internship Program’ in the 2023 Vault Internship Rankings. This is the fifth consecutive year that InStep has received this top honor, which was published by career intelligence organization Vault Firsthand. This year the internships were conducted for 285 interns from different academic backgrounds, representing 143 universities and 34 nationalities.<|endoftext|> The rankings are based on responses from over 10,000 participants across 139 programs globally. InStep earned the top rank in all the subcategories: 100 Best Internships Best internship for the Tech & Engineering industry Best Internship for Compensation, Employment Prospects, Quality of Assignments, Quality of Life, Real-Life Experience, Overall Career Development, Networking Opportunities, and Training & Mentoring Best Internship by role for Information Technology, Software Engineering & Development, Strategy & Business Development, and Data Analytics Best Internship for Overall Diversity, Diversity for women, Diversity for LGBTQ+ Individuals, and Racial & Ethnic Diversity InStep is a global, fully paid, flagship internship program of Infosys that has been around for over 22 years. It has facilitated over 3,000 interns representing more than 200 universities and 50 nationalities. InStep provides its interns with the means to work on real-time projects throughout corporate functions and business units, including strategic engineering group, artificial intelligence, cybersecurity, corporate strategy, data analytics, sustainability, alliances, utilities, financial services, and marketing. Additionally, the program offers a well-defined career progression plan - last year over 70 percent of eligible interns received full-time offers.<|endoftext|> Sumit Virmani, Executive Vice President and Chief Marketing Officer, Infosys, said, “Since its inception, InStep has strived to nurture young talent and enable great minds to make use of their skills in real-time by means of guidance, exposure, and learning. This recognition brings with it hope for us to continue along our path with even more enthusiasm. As InStep continues to grow, we aim at providing interns an environment conducive to growth, the best working experience, and enabling them to participate in building a better future for all.” “King’s College London is very proud of our partnership with Infosys, which has spanned several years, and I was delighted to visit the Infosys Bengaluru campus in April this year alongside senior colleagues from King’s. Over 50 of our students have completed the Infosys InStep program over the years, providing them with a truly unique internship experience and fantastic opportunities for professional and personal development. I’d like to congratulate Infosys InStep on this brilliant achievement and wish them many more years of continued excellence,” said, Professor Shitij Kapur, President and Principal, King’s College London.<|endoftext|> Professor Garud Iyengar, Senior Vice Dean for Research and Academic Programs, Columbia Engineering, Columbia University, said, “Infosys and Columbia Engineering have had an extraordinary relationship driven by the InStep internship program, an initiative that provides students with professionally and personally enriching experiences. Interns in the program are engaged in real-time projects in the areas of technology like AI, ML, Cybersecurity, UI/UX, and Metaverse. Students work alongside cross-functional teams with professionals from diverse backgrounds, gaining industry exposure that will help them to chart a rewarding career path. We look forward to many more years of collaboration with Infosys.” Professor Pamela Hinds, Faculty Director of Stanford Global Engineering Programs, Stanford University, said, “Infosys has been an exceptional partner in providing internships for Stanford engineering students. Our students report having a life-changing experience. They are welcomed and integrated into the organization, provided challenging opportunities in which they can contribute and grow, paired with mentors who provide guidance but also encourage pushing boundaries, and exposed to unforgettable cultural experiences. We look forward to continuing to work with Infosys to provide these enriching opportunities for our students.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation Sports Park inaugurated in Bengaluru
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced the inauguration of the Infosys Foundation Sports Park in Bengaluru, India. The Honorable Home Minister of Karnataka Mr. Araga Jnanendra Kumar inaugurated the sporting facility.<|endoftext|> Earlier, Infosys Foundation had signed a Memorandum of Understanding (MoU) with the Commissioner of Police, Bengaluru City for augmenting the sports infrastructure in the city for the masses. The Infosys Foundation has supported the construction of the park in Adugodi.<|endoftext|> The Infosys Foundation Sports Park comprises of a volleyball and basketball court sized 5,928 sq.ft. each, a football and a badminton court sized 4,000 sq.ft. each, a play area for children sized 1,500 sq.ft., and a skating rink measuring 1,547 sq.ft.<|endoftext|> Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, “Amid shrinking common spaces and a sedentary lifestyle, this initiative is about encouraging citizens to incorporate sports into their daily life, providing opportunities for holistic health, and creating quality avenues for them to achieve this. With support from the Commissioner of Police, Bengaluru, we are happy to improve the city’s public infrastructure and contribute to the cause of sports and citizens’ health.” Pratap Reddy, Commissioner of Police, Bengaluru City said, “We appreciate Infosys Foundation for lending their support in the commencement of this project. Going forward, such initiatives will greatly contribute to the infrastructural development of Bengaluru City Police." About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, women empowerment, arts and culture, and destitute care. Its mission is to work with the underprivileged across the country and strive towards a more equitable society. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Over $460 billion incremental profits from better data practices, trust in AI, and business integration
Author: ['Infosys Limited'] According to new research from the Infosys Knowledge Institute, the thought leadership and research arm of Infosys (NSE, BSE, NYSE: INFY), companies can generate over $460 billion in incremental profit if they do three things: improve data practices, trust in advanced AI, and integrate AI with business operations. However, despite high expectations for data and artificial intelligence (AI), most companies fail to act on these areas to convert data science to business value.<|endoftext|> Infosys Data+AI Radar: Making AI Real found that although three of four companies want to operate AI across their firms, most businesses are new to AI and face daunting challenges to scale. 81% of respondents deployed their first true AI system in only the past four years, and 50%, in the last two.<|endoftext|> The report also found that 63% of AI models function only at basic capability, are driven by humans, and often fall short on data verification, data practices, and data strategies. Only 26% of practitioners are highly satisfied with their data and AI tools. Despite the siren song of AI, something is clearly missing.<|endoftext|> Infosys Knowledge Institute found that high-performing companies think differently about AI and data, and these leaders focus in three areas: Transform data management to data sharing. Companies that embrace the data-sharing economy generate greater value from their data. Data increases in value when treated like currency and circulated through hub-and-spoke data management models ($105 billion incremental value). Companies that refresh data with low latency generate more profit, revenue, and subjective measures of value.<|endoftext|> Move from data compliance to data trust. Companies highly satisfied with their AI (currently only 21%) have consistently trustworthy, ethical, and responsible data practices. These prerequisites tackle challenges of data verification and bias, build trust, and enable practitioners to use deep learning and other advanced algorithms.<|endoftext|> Extend the AI team beyond data scientists. Businesses that apply data science to practical requirements create value. The report found that business—data scientist integration accelerates efficiencies and value extraction (additional $45 billion profit growth). For intelligent data, business and IT are much better together.<|endoftext|> Combined, these areas not only scale AI usage but unlock its potential value – transforming AI dreams to insights and operational effectiveness and improving the human experience. Infosys research found the financial services industry recorded the strongest satisfaction with its data and AI uses, followed by retail and hospitality, healthcare, and high tech.<|endoftext|> Satish H.C., EVP and Co-Head Delivery, Infosys, said, “Companies that build foundations to trust and share their data are more agile and scale their AI. Companies that don’t trust their data risk a vicious cycle of “pilot purgatory” and only use data and AI to solve small problems. Data management combined with trust in AI are the dual solutions to increase business capability and financial rewards.” To learn more about the Infosys DATA+AI Radar 2022 and access the complete report, click here.<|endoftext|> Explore the Infosys DATA+AI Radar experience here.<|endoftext|> Methodology Infosys used an anonymous format to conduct an online survey of 2,500 senior technology leaders and executives across thirteen industries across the US, UK, France, Germany, Australia, and New Zealand. To gain additional qualitative insights, the researchers interviewed practitioners, subject matter experts, and business leaders.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@Infosys.com
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Infosys Press Release (PR)
Title: Infosys Science Foundation Announces Winners of the 14th Infosys Prize
Author: ['Infosys Limited'] The Infosys Science Foundation (ISF) today announced the winners of the Infosys Prize 2022 in six categories – Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences. The Infosys Prize celebrates the achievements of the recipients and awards them for their contributions to science and research impacting India. The prize for each category comprises a gold medal, a citation, and a prize purse of USD 100,000 (or its equivalent in Rupees). The event was held at the Infosys Science Foundation’s new office, in Bengaluru.<|endoftext|> Panels of accomplished jurors comprising world-renowned scholars and experts shortlisted the winners of the Infosys Prize 2022 from 218 nominations. Over the past thirteen years, Infosys Science Foundation (ISF) has recognized the accomplishments of some of the best and creative scientific research that has contributed to every aspect of human life. In recognizing these outstanding researchers, ISF is not just celebrating their personal achievements but also encouraging young minds to explore science and research as a career option. The Infosys Prize counts among its laureates two Nobel Prize winners, two Fields Medal winners, a MacArthur fellow, and others who have gone on to hold high posts in government and academia.<|endoftext|> Among those in attendance at the event were the trustees of the Infosys Science Foundation—Mr. Kris Gopalakrishnan, Mr. Narayana Murthy, Mr. Srinath Batni, Mr. K. Dinesh, Mr. Mohandas Pai, Mr. Salil Parekh, and Mr. S. D. Shibulal.<|endoftext|> Kris Gopalakrishnan, President, Infosys Science Foundation, said, “The Infosys Prize is promoting stellar research in India by identifying and rewarding individual scholars. Even as our laureates add to the sum total of human knowledge, their work has real impact in the here and now. We hope that their work will have far-reaching effects not just in solving our current problems but will set the stage for finding solutions for the existential crises facing humanity such as the effects of climate change, accessible diagnostics and healthcare, challenges of mental health, fulfilment of fundamental human rights, and others.” Elaborating on the importance of funding science and research in India, Narayana Murthy, Founder – Infosys, Trustee – Infosys Science Foundation, said, “There is an urgent need for both government and private sectors to invest more in science and research. This is the best way forward to solve the many problems that confront us as a nation and humanity as a whole. Our researchers are the country’s frontline warriors in the war against our grand problems. That is why we must encourage them. Winners of the Infosys Prize have gone on to do useful work in their desire to solve the daunting problems that face the nation and the world today.” Winners of the Infosys Prize 2022 in the six categories are: Engineering and Computer Science The Infosys Prize 2022 in Engineering and Computer Science is awarded to Suman Chakraborty, Professor of Mechanical Engineering, and Dean of Research and Development, Indian Institute of Technology, Kharagpur for his pioneering work in elucidating the interaction of fluid mechanics, interfacial phenomena, and electromechanics at the micro- and nanoscale. Using this understanding, he has helped to advance healthcare in resource-limited settings through the invention of novel low-cost medical devices for sensing, diagnostics and therapeutics.<|endoftext|> Humanities The Infosys Prize 2022 in Humanities is awarded to Sudhir Krishnaswamy, Vice Chancellor, National Law School of India University, Bengaluru for his insightful understanding of the Indian Constitution, especially his carefully argued account of the importance of the landmark ‘basic structure doctrine’ adopted by the Supreme Court in 1973 that guides and constrains various efforts to amend it, while also ensuring its stability in the face of executive and legislative outcomes in India’s political life.<|endoftext|> Life Sciences The Infosys Prize 2022 in Life Sciences is awarded to Vidita Vaidya, Professor and Chairperson, Department of Biological Sciences, Tata Institute of Fundamental Research, Mumbai for her fundamental contributions to understanding brain mechanisms that underlie mood disorders such as anxiety and depression, including signals engaged by the neurotransmitter serotonin in causing persistent changes in behavior induced by early life stress and the role of serotonin in energy regulation in brain cells. In a post-pandemic age when the focus on mental health has become ever more urgent and important, Prof. Vaidya’s work is extremely contextual.<|endoftext|> Mathematical Sciences The Infosys Prize 2022 in Mathematical Sciences is awarded to Mahesh Kakde, Professor of Mathematics, Indian Institute of Science, Bengaluru for his outstanding contributions to algebraic number theory. Prof. Kakde’s deep work on the non-commutative Iwasawa main conjecture, his work on the Gross-Stark conjecture (with Samit Dasgupta and Kevin Ventullo), and his work on the Brumer-Stark conjecture (with Samit Dasgupta), resolves outstanding conjectures at the heart of modern number theory. Often called the queen of mathematics, number theory studies the relationships between numbers and often has practical applications in areas such as cryptography.<|endoftext|> Physical Sciences The Infosys Prize 2022 in Physical Sciences is awarded to Nissim Kanekar, Professor, National Centre for Radio Astronomy, Pune for his study of galaxies in an era - the so-called “high noon” period - in which stars were being formed at a maximum rate. Separately, his careful astronomical investigations have placed the strongest limit on possible secular variation of the fine structure constant and the electron-to-proton mass ratio. Prof. Kanekar’s work has put India’s radio astronomy capabilities on the world map.<|endoftext|> Social Sciences The Infosys Prize 2022 in Social Sciences is awarded to Rohini Pande, Henry J. Heinz II Professor of Economics and Director, Economic Growth Center, Yale University for her outstanding research on subjects of key importance, including governance and accountability, women’s empowerment, the role of credit in the lives of the poor, and the environment. Her empirical findings, based on diverse methodologies, offer major promise and potential for policy design in emerging economies, including India. As discussions on the fallout from the climate crisis, social justice, and what makes for a just and equitable society become ever more urgent, Prof. Pande’s work has tremendous implications.<|endoftext|> About Infosys Science Foundation The Infosys Prize is awarded by the Infosys Science Foundation, a not-for-profit trust set up in 2009. The award is given annually to honor outstanding achievements of contemporary researchers and scientists in six categories: Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences. Each prize consists of a gold medal, a citation and a purse of USD 100,000. The award intends to celebrate success in research and stand as a marker of excellence in these fields.<|endoftext|> Prof. Arvind | Prof. Akeel Bilgrami | Prof. Mriganka Sur | Prof. Chandrashekhar Khare | Prof. Shrinivas Kulkarni | Prof. Kaushik Basu Srinath Batni | K. Dinesh | S. Gopalakrishnan | Narayana Murthy | Nandan Nilekani | T. V. Mohandas Pai | Salil Parekh | Shibulal S.D About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in |
Continue Infosys Press Release (PR)
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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_India@Infosys.com
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Infosys Press Release (PR)
Title: Winners of the Infosys Finacle Partner Excellence Awards 2022 announced
Author: ['Infosys Limited'] Winners of the Infosys Finacle Partner Excellence Awards 2022 announced Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), today announced the winners of the Finacle Partner Excellence Awards 2022. The awards recognize top-performing Finacle partners who demonstrated excellence in delivering exceptional business value to Infosys Finacle’s clients in FY22.<|endoftext|> The awards program recognizes partners across categories such as Application Modernization Excellence, System Integration Excellence, Digital Transformation Excellence, Sales Excellence, Cloud, Advisory, and SaaS Partner, Delivery Excellence, and Innovation.<|endoftext|> Infosys Finacle works with a large partner ecosystem to deliver digital banking transformation projects and drive banking innovation across the globe. Collaborations span a wide range of areas such as delivery, FinTech innovations, cloud-based deployments, implementation, consulting, and technology services.<|endoftext|> For the full list of winning initiatives, winners, and their reactions, please click here.<|endoftext|> Venkatramana Gosavi, Senior Vice President & Global Head of Sales, Infosys Finacle, said, “Finacle has a strong focus on ecosystem-driven growth. Our vision of Inspiring Better Banking is deeply rooted in our collaborations with our partners. The nominees and winners of the Infosys Finacle Partner Excellence Awards 2022 have contributed to technology-led banking transformations across the globe. Congratulations to all the winners. We look forward to continued success with our partners in 2023 and beyond.” Jefferson Cowhig, Partner, Technology Solutions, EY, said, “EY and Finacle have harnessed the power of our alliance to deliver digital banking solutions that are scalable and resilient. We have transformed banks by building great customer experiences that enable self-service through digital channels. This has enabled our banking clients to realize tangible business benefits and change the way they do business. We achieved this by combining our strengths of program delivery, design and engineering to implement Finacle’s digital banking platform driven by a “one team mindset”. In response, we’re delighted to have awarded Finacle’s Advisory Partner of the Year.” Lalit Malik, Group Vice President, Alliances & Channels, Oracle Asia Pacific, said, “At Oracle, we carry decades of engineering excellence in delivering the best technology to our customers and communities. Our partner network has always been an extension of Oracle, therefore, we are enthused and humbled to receive the recognition for ‘Digital Transformation Excellence FY22’ at 'Infosys Finacle Partner Excellence Awards 2022'. This award is very special to us as we have been partnering with Infosys for many years now. We are glad to be working alongside them to push the agenda of digitization in the country. Our sincere gratitude and thanks to our customers, partners, employees, and everyone associated with the organisation who is helping us to accelerate the digital transformation journey.” Meredith Stowell, Vice President - IBM Z Ecosystem, IBM, said, “We are delighted to receive the award for innovation partner of the year from Finacle. Banks require agility, differentiated client experiences, and speed to market while meeting stringent regulatory, security, and service level requirements. Working with partners like Finacle, IBM enables banks to transform and deliver trusted services with the reliability, performance, scalability, sustainability, and high processing power of proven infrastructure.” About Infosys Finacle Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys BPM Launches State-of-the-art Center of AI and Automation in Poland, in Collaboration with IBM
Author: ['Infosys Limited'] Infosys BPM Launches State-of-the-art Center of AI and Automation in Poland, in Collaboration with IBM Infosys BPM, the business process management arm of Infosys (NSE, BSE, NYSE: INFY), today launched the Center of AI and Automation, in collaboration with IBM, at the Infosys Business Experience Lounge in Poland, to bring digital excellence to enterprises globally. This announcement underscores two years of strong collaboration between Infosys BPM and IBM, delivering client success, identifying new use cases, and building solutions, to enable clients to innovate in hybrid cloud environments.<|endoftext|> Formed in collaboration with IBM, this center will showcase a growing portfolio of data and AI solutions that are designed to automate and accelerate the hybrid cloud journey of global enterprises. The center will complement Infosys BPM service offerings that are built with a design thinking approach and deep domain expertise in data and AI technologies. The center launch also commemorates the 15th anniversary of Infosys BPM in Poland.<|endoftext|> Focusing on a comprehensive suite of solutions, the experience center is well-positioned to be an innovation powerhouse, enabling enterprises to address complex business process challenges at scale across domains and industries. The center will showcase AI and automation solutions for business processes, and these solutions, including through automation, help lower costs, enhance productivity, and elevate customer experience.<|endoftext|> End-to-end automation capabilities, backed by credible data and insights, will empower enterprises to analyze workflows, design AI-infused apps with low-code tooling, assign tasks to bots, and track performance on the go. Clients will get hands-on access to various digital solution offerings across the space of data, AI, and hyperautomation, such as IBM CloudPak for Data, IBM Watson Assistant & IBM Watson Discovery, IBM SaferPayments, IBM Blockchain, IBM Sterling Supply Chain, IBM Risk and Fraud Detection software, and Envizi for Sustainability, along with key solutions from Infosys BPM, including Infosys Intelligent Document Processing, Infosys Interaction Analytics, Infosys Multilingual Conversational AI, Infosys Accounts Payable on Cloud, Infosys Cortex, Infosys Material Master Harmonization, and Infosys Data Workbench, among many others.<|endoftext|> Marcin Gajdziński, Country General Manager, IBM Poland and Baltics, said, “IBM is focused on providing clients and valued partners such as Infosys the key capabilities needed to scale AI for business. As evidence of the importance of the IBM Ecosystem strategy, the newly opened Center of AI powered by IBM Watson in Lodz, Poland, will provide our joint clients significant support in building the digital economy, as well as new skills and expertise in the field of AI and hybrid cloud.” Kapil Jain, Executive Vice President and Global Head of Sales and Enterprise Capability, Infosys BPM, said, “We are proud to launch the Center of AI and Automation at the Infosys Business Experience Lounge in Poland. As organizations continue to transform their cloud environments, they will increasingly need to rely on a diverse ecosystem of partners and supporting technologies to unlock enhanced hyper-productivity, agility, and scale. This collaboration with IBM Watson, through end-to-end hybrid cloud offerings, robust AI capabilities, domain-specific use cases, and business functional contextualization, will enable organizations to better navigate the complexities of digital transformation, leading to enhanced business value.” About Infosys BPM Infosys BPM Limited, a wholly owned subsidiary of Infosys Limited (NYSE: INFY), was established in April 2002. We offer integrated end-to-end transformative business process management (BPM) services and have journeyed through the table stakes of effectiveness and efficiency with an ever-increasing focus on enhancing stakeholder experience and empathy. We enable clients to navigate their digital journey, operating from 35 delivery centres across 14 countries, with over 56,700 people from 125 nationalities.<|endoftext|> Visit www.infosysbpm.com to learn how Infosys BPM can help your enterprise navigate your next.<|endoftext|> About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys and Northwestern’s Kellogg School of Management Collaborate to Accelerate Artificial Intelligence Education and Workforce Development
Author: ['Infosys Limited'] Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a global collaboration with Northwestern University’s Kellogg School of Management (Kellogg).<|endoftext|> Through this collaboration, Infosys and Kellogg will collaborate to accelerate Artificial Intelligence (AI)-centered education for Infosys employees. Infosys and Kellogg have signed a three-year agreement to upskill more than 600 Infoscions working on AI-related projects with advanced AI frameworks through the ’AI Applications for Growth’ course, with a vision to add real-time value to client projects.<|endoftext|> ‘AI Applications for Growth’ is a customized and immersive eight-week course that will upskill Infosys employees globally, while bolstering their capabilities to both identify and solve client problems in an agile and innovative manner. The course will be conducted in two modules every year, and will include capstone projects, peer learning discussions, live and interactive teaching, hands-on exercises, active feedback sessions, and weekly assignments based on real-time client engagements. The program covers AI frameworks such as AI radar, AI Canvas, and AI capability maturity model across more than 20 industries and will offer a certificate from Kellogg School of Management.<|endoftext|> Prof. Mohan Sawhney, the Associate Dean for Digital Innovation and the McCormick Foundation Professor of Technology at Kellogg, said, “This collaboration represents the future of executive education and capability development in two ways. First, it is a true omnichannel learning experience that blends asynchronous and synchronous modalities. Second, it combines the benefits of an open enrollment executive program where participants can learn from peers from other industries, with the benefits of custom executive education through the Infosys-specific live sessions and capstone projects overseen by Kellogg faculty. We are excited to co-create this innovative initiative with Infosys.” Commenting on the collaboration, Balakrishna D. R (Bali), Executive Vice President – Global Head AI and Automation and ECS, Infosys, said, " We are delighted to commence this engagement with the Kellogg School of Management. Improving outcomes and future-ready solutions require collaboration and communication between educational institutions and corporates. We saw convergence in thinking between Infosys and Kellogg school of management which led to our incredible partnership where, Kellogg provides a customized course to our employees helping them build frameworks and tools to help organizations adopt AI in an accelerated manner across the enterprise.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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Infosys Press Release (PR)
Title: Infosys Foundation and Sri Ramakrishna Sevashrama to launch a first-of-its-kind Mobile Eye Hospital
Author: ['Infosys Limited'] Infosys Foundation, the philanthropic and CSR arm of Infosys, has announced its collaboration with Sri Ramakrishna Sevashrama to launch the Shree Sharadadevi Mobile Eye Hospital, a first-of-its-kind fully equipped mobile eye hospital to serve people residing in remote villages in Karnataka. This collaboration is aimed at providing quality eye care to over 5 lakh people, including children and students, in the interior districts of Tumkur, Anantapur, Chitradurga and Raichur.<|endoftext|> The Mobile Eye Hospital will offer screening facilities for ailments such as cataract, eye tumors, watery eyes, glaucoma, diabetic retinopathy, squint eye, retinoblastoma along with ENT and other general diseases. The Sharadadevi Eye Hospital & Research Centre has also been previously supported by Infosys Foundation with the construction of a new wing in 2021. Till date, the hospital has performed thousands of eye surgeries.<|endoftext|> Sunil Kumar Dhareshwar, Trustee, Infosys Foundation, said, “We are delighted to team up with Shree Sharadadevi Eye Hospital & Research Centre to provide quality eye care to people who have long been deprived of basic healthcare. By bringing technological advancements like the Mobile Eye Hospital right to the doorstep of the underprivileged, we aim to provide support to address the problems of the community and resolving them as efficiently as possible.” Swami Japananda, Chairman of Shree Sharadadevi Eye Hospital & Research Centre, Pavagada, said, “The eye care situation in India needs betterment with only one ophthalmologist available for nearly one lakh people in our country. The people / children / students living in rural India are deprived of even basic eye care. We thank Infosys Foundation for sponsoring the first ever hi-tech mobile eye hospital in Karnataka state to help thousands of people with eye care in Pavagada (in Tumkur), which has been a predominantly rural and medically deprived area. We hope that with the generous and precious support of Infosys Foundation, we are able to reach the needy patients in other inaccessible and interior parts of the state.” About Shree Sharadadevi Eye Hospital & Research Centre, Pavagada The Shree Sharadadevi Eye Hospital & Research Centre has been providing outstanding services for eye diseases for the deprived rural communities of the Karnataka-Andhra border region of Pavagada, since 2002. It has succeeded in providing the best ophthalmic treatment, especially cataract surgeries, through latest equipment and a highly qualified and dedicated medical team, at zero cost to the poorest of villagers. The hospital is also involved in research and outreach initiatives in order to address the deeper issues behind the health care deprivation of marginalized people.<|endoftext|> About Infosys Foundation Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, arts and culture, and destitute care. Its mission is to work in remote regions of several states in India. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large.<|endoftext|> For more details, please log on: https://www.infosys.com/infosys-foundation About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.<|endoftext|> Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.<|endoftext|> Safe Harbor Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. These filings are available at 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. 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.<|endoftext|> Media contacts: For more information, please contact: PR_Global@infosys.com
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