Bangalore, April 8, 2005
Infosys Technologies Limited (Nasdaq: INFY) has invited nominations to the Infosys-EducationWorld Young Achievers Award, instituted to recognize and reward talented young individuals in areas such as arts, science, music, sport, academics, technology and social work.
Eight of the best candidates (four each in the junior and senior categories) will be short-listed from the entries and invited to make a presentation to the jury in Bangalore. From these eight finalists, two young achievers will be selected for the award. The Young Achiever award is a reflection of the commitment that Infosys has towards recognizing the talent, enthusiasm and determination that the country's youth bring to the table.
Speaking on the occasion, Mr. N. R. Narayana Murthy, Chairman and Chief Mentor, Infosys Technologies said, "The young people of the nation represent its future and exemplifies confidence, energy and optimism. Through this award we hope to recognize the hard work and commitment shown by young individuals across various fields and reward their achievements."
Students in the junior category (below 18 years) as well as the senior category (between 19 - 29 years) can be nominated by their parents, teachers or friends. Entry forms (available on website www.educationworldonline.net) must be completed and submitted before April 15, 2005, and the eight short-listed candidates will be notified of their status by e-mail by May 15, 2005.
Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys' Global Delivery Model to achieve higher quality, rapid time-to-market and cost-effective solutions. Infosys has over 35,000 employees in over 30 offices worldwide. For more information visit www.infosys.com.
Education World is India's sole monthly education newsmagazine. It has over 7,500 top-rung schools and colleges beside parents and teenage students across India, as its subscribers. Currently it has a readership of over 450,000 comprising of academics and upscale households.
Activity was started in the year 1997 and later registered under the Companies Act, as S.S. Edutainment Pvt. Ltd. Popularly known as 'The Activity' the company has a successful record of working with schools in India and is committed to provide opportunities beyond academics for holistic development of youth.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, 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 of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2004 and on Form 6-K for the quarters ended June 30, 2004, September 30, 2004, and December 31, 2004 and Registration Statement on Form F-3 filed on December 20, 2004 and January 18, 2005. 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