New Delhi, April 15, 2004
Close on the heels of its billion - dollar achievement announcement, Infosys today reiterated that it was ready for a longer marathon that started early this week. Nandan Nilekani, CEO, Managing Director and President, Infosys Technologies Ltd, addressing newspersons in New Delhi, said that the company had come a long way from receiving a loan of Rs 24 lakhs sanctioned in record time by KSSIDC and KSFC* in 1983.
Acknowledging the landmark achievement, Nandan Nilekani said, “This is not a moment to rest, but to surge towards our goal of being a multi - billion dollar organization.” He attributed the success of the company to Infosys pioneered and perfected Global Delivery Model(GDM), which changed the traditional business model of the industry. “By making GDM mainstream we have shifted the battle to our battlefield. It has become a global outsourcing standard and has helped us create and perfect the science of global project management.”
Describing the new role of Infosys as one of “proactive problem definers” rather than “reactive problem solvers”, Nandan said that Infosys would take a lead in leveraging GDM to help clients compete in their businesses. Alluding to its catalytic role in powering the company’s strategic initiatives, Mr Nilekani said, “We will bring the power of GDM to high - value services like consulting and system integration. With this objective we formed Infosys Consulting Inc which will see the evolution of new consulting paradigm emanating from the strong combination of high value added consulting with the excellence of GDM.”
Infosys Consulting Inc has been set up to offer a new consulting alternative to businesses using traditional consulting firms. For current Infosys clients, it presents an additional way to use the global delivery model to their fullest advantage, given that it is baked into the Infosys DNA.
Commenting on the next growth phase of Infosys, Mr Nilekani said that the company would focus on customer - centricity, meeting shareholder expectations and building a multi - cultural workforce - a seamlessly integrated team of talented, global professionals. The company was already geared to meet these challenges given its organization into multiple business units focused on clients’ businesses.
* KSSIDC - Karnataka State Small Industries Development Corporation Ltd; KSFC - Karnataka State Financial Corporation
Pioneered by Infosys, the Infosys Global Delivery Model (GDM) is a framework for distributed project management and multi - location engagement teams. The Global Delivery Model is a key driver of engagement success and value realization for our clients. It provides clearly defined process guidelines emphasizing the importance of information flow and communication. The robustness of Global Delivery Model combined with the infrastructure and quality orientation reduces engagement risk for a client compared to conventional delivery models. It is based on the principle of taking work where it can be done best, makes the most economic sense, with the least amount of acceptable risk.
Infosys is a leading global technology services firm founded in 1981. Infosys provides end - to - end business solutions that leverage technology for our clients across the entire software life cycle: consulting, design, development, re - engineering, maintenance, system integration, package evaluation and implementation. In addition, Infosys offers software products to the banking industry, as well as business process management services through its majority - owned subsidiary, Progeon. For more information, visit us on the World Wide Web at www.infosys.com
Certain statements in this release related to the Offering constitute forward - looking statements. This Offering is subject to shareholder approval, which may not be obtained. Although the Offering is expected to be made to our equity holders in India, we may be required to exclude certain equity holders outside India to comply with U. S. rules and regulations. Our business is subject to a number of risks and uncertainties that could affect our future operating results including those 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, 2004 and on Form 6 - K for the quarter ended June 30, 2004 and September 30, 2004. 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.
For further information, please contact: PR_Global@infosys.com