Former interns endorse experience as a stepping-stone for winning in the Flat World
Bangalore, India, June 11, 2007
Bangalore, India, June 11, 2007: InStep, Infosys' global internship program, today held the induction ceremony for its eighth batch of interns. Present on the occasion were 50 interns who will intern in Bangalore over the next few months. Infosys targets recruiting 125 interns for FY 2007-08.
Talking about the impact of the InStep program, N.R. Narayana Murthy, Chairman & Chief Mentor, Infosys Technologies said, "We believe InStep is a crucial platform for tomorrow's global workforce to groom themselves. We initiated InStep to gain mindshare with students from top colleges as they could be clients, employees, competitors or even leaders of tomorrow. Today, we are confident of having shaped the careers of around 500 InStep alumni who are working across the world in different sectors."
Endorsing the value of the InStep experience, Josh Bornstein, alumnus of Claremont McKenna College said, "While applying for full time jobs, my internship experience in India differentiated my resume from other candidates. Infosys gave me an unmatched opportunity to grow and gain expertise in an international business climate. Acquiring experience with a world-class company like Infosys has helped me to adapt to the changing global environment and has given me an edge over my peers. This has held me in good stead in my career at Footprint Ventures, an early-stage venture capital fund in India."
In keeping with the company's objectives of building a global workforce, InStep has also enabled the recruitment of over 10 interns for full-time positions in 2006-07.
Speaking about her InStep experience, Brianna Dieter, BA, Smith College, currently employed with Infosys Technologies in Bangalore as Executive- Academic Relations, said, "After completing my internship with the Global Academic Relations team in 2005, I realized I wanted to gain more business experience in an emerging economy. With so much energy in the business climate and an exciting range of possibilities opening with the economy, I chose to return to Infosys (India). The experience has been a synthesis of formative business learning in a flattening economic environment and fascinating cultural climate."
Infosys has already recruited 90 students out of the 125 it targets this year. So far, the program has a representation of students from 28 nationalities and 54 prestigious universities. This year, interns have been recruited from new geographies like Italy, Spain, Denmark, Israel, Chile and Norway. The interns are slated to work at various offices of Infosys including India, France and the US.
The InStep program, started in 1999, is an intensive 8 to 24-week internship program that gives select students hands-on experience across various projects within the company. InStep is unique in the fact that interns have an opportunity to work on real projects ranging from application development to business consulting, in practices that include Marketing, Corporate Planning, Education & Research, Enterprise Solutions and Software Engineering & Technology Laboratories (SETLabs). InStep today recruits interns from 83 schools worldwide. Over the last year, Infosys has received over 12,000 applications for 125 positions.
Read more at http://www.infosys.com/InStepWeb/
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 72,000 employees in over 39 offices worldwide. Infosys is part of the NASDAQ-100 Index. 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 2007 and our 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.
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