First Indian Company to be added into any of the major global indices
Bangalore, India - December 11, 2006
Infosys Technologies (NASDAQ: INFY), a world leader in information technology and consulting services, today announced that the company will be added to the NASDAQ-100 index, effective with the market opening on Monday, December 18, 2006. The NASDAQ-100 index is composed of the 100 largest non-financial stocks on the NASDAQ Stock Market in terms of market capitalization. Infosys Technologies is the first Indian company to be added to the NASDAQ-100 index and is the only Indian company to be part of any of the major global indices.
"We are delighted to be part of the NASDAQ-100 index," said Mr. V. Balakrishnan, CFO, Infosys Technologies. "It is a very important milestone for the company and is part of our journey to become a mainstream stock, globally."
Today, businesses are becoming global and the world is becoming flat. Corporates need to be innovative, flexible and competitive to succeed in this challenging environment. Infosys, with its next-generation business model, is in the forefront of being a transformation partner to its global clients to help them compete in a flat world. The inclusion of Infosys in the NASDAQ-100 index is testimony to its competitive business model and leadership position in this industry.
"The Indian economy is growing fast and leading global growth. Being a global company headquartered in India, our inclusion in the NASDAQ-100 index is a great recognition not only for Infosys but for the whole country," said Mr. Kris Gopalakrishnan, President, COO and Joint Managing Director, Infosys Technologies.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, 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 66,000 employees in over 35 offices worldwide. For more information visit www.infosys.com.
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2006 and our quarterly reports on Form 6-K for the quarters ended June 30, 2006 and September 30, 2006, and other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake and disclaim any obligation to update them.
For further information, please contact: PR_Global@infosys.com