Infosys Most Able to Compete with Former Big 5 Business Consulting Companies and Best Positioned Among All Indian I.T. Companies to Offer High-Value Management Consulting Expertise
BANGALORE, INDIA, 12 Jan 2006
Infosys Technologies Limited (NASDAQ: INFY) announced today that it has been named a leader in consulting services. and expertise among Indian I.T. services companies and most able to compete with the former Big 5 consulting firms.
"Infosys.is best positioned to offer high-value management consulting skills," wrote Stephanie Moore of Forrester Research in the report "Forrester Wave: Indian Vendor Consulting Capabilities, Q4 2005, Forrester Research, Inc, December 1, 2005." "Of all the vendors profiled here, Infosys is most able to compete with both the former Big Five firms for business process consulting work and the tier-one Indian vendors for the follow-on technical work."
The study conducted by Forrester Research, entitled "Forrester Wave™: "Indian Vendor Consulting Capabilities, Q4 2005" was published in December. In the evaluation, Infosys' received the highest scores in three evaluation categories: Current Offering, Strategy and Market Presence.
"At Infosys we are reinventing the consulting profession to provide a new, better model for clients. Our model combines world class consultants working on site with clients and world class technology experts in India, China and other locations around the world. The result is more robust business ideas and higher quality implementations." said Stephen Pratt, CEO & Managing Director, Infosys Consulting, a wholly owned subsidiary of Infosys Technologies, Ltd. "We are thrilled with our rankings in this Forrester Wave report and believe our position is proof positive that our dedication to helping our clients become stronger competitors is resonating in the market."
Founded in April 2004, Infosys Consulting, a wholly owned subsidiary of Infosys Technologies Limited, was created in response to clients' needs to receive greater value for their consulting investment. By utilizing the Global Delivery Model that Infosys pioneered, Infosys Consulting delivers greater management consulting value at lower cost because client capital is freed up to pursue a better design of the business, thereby helping to make client companies fundamentally more competitive.
Infosys Technologies, with 200 business consultants and 1,900 technology consultants company-wide, offers a wide-variety of business and I.T. consulting services through its industry units, technology groups, and wholly-owned subsidiary, Infosys Consulting. These consulting services include such services as Strategic Business Consulting, IT Strategy, Enterprise Risk Management, Organizational Change Management, Compliance, Governance, Business Process Reengineering, Mergers and Acquisitions related to IT Systems, Customer Operations, Enterprise Solutions, Product Operations, Technical Architecture, Application Portfolio Analysis and many other services.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions. These provide our clients with strategic differentiation and operational superiority, thereby increasing their competitiveness. Each solution we provide is delivered with the industry-benchmark "Infosys Predictability" that gives our clients peace of mind. With Infosys, they are assured of a transparent business partner, business-IT alignment with flexibility, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 49,000 employees in over 30 offices worldwide. For more information visit www.infosys.com.
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements are subject to 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 the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT, business process outsourcing and consulting 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, 2005 our report on Form 6-K for the quarterly period ended June 30, 2005 filed on July 28, 2005 and our report on Form 6-K for the quarterly period ended September 30, 2005 filed on October 21, 2005. .These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do 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