Recognition follows a number of customer awards and acknowledgements this year
FREMONT, Calif., Aug. 16, 2007
Infosys Technologies Limited (NASDAQ: INFY) today announced it has been positioned by Gartner, Inc., in the leaders quadrant in the "Magic Quadrant for North American Offshore Applications Services 2007" report. According to the research firm's report, "leaders are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market."
In the last two years, Infosys' key strategic priorities have included strengthening its global delivery model across Asia, Western and Central Europe and North America, and advancing its methodologies and processes for application services delivery.
"Global delivery model-based (GDM) application services form the core of our client relationships and our value proposition to help companies win in the flat world," said S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Technologies. "We think being placed in the Leaders Quadrant by Gartner is recognition of our capability to compete for and win in large-scale applications outsourcing, as well as our investment in new offerings and geographic growth."
The Gartner report adds: "Arguably, the supply side is pushing the advancement of globally delivered application services more than the demand side." The report goes on to say, "Service providers also are being called on to move beyond low-level development functions and essentially provide world-class, domain-specific, leading-edge application competencies. The result is that some providers have bridged this gap and had significant growth, while other service providers have failed to take advantage of the new, demanding market conditions."In addition, the report highlights key trends that are affecting the market and service provider landscape:
"Clients trust Infosys as a partner to build and support business applications that are most critical to their transformation or day-to-day operations," said S.D. Shibulal, Chief Operating Officer, Infosys Technologies. "We believe our position in the leader quadrant underscores our understanding of clients, as well as our uncompromising commitment to customer satisfaction. We feel this evaluation is the latest recognition in a series of achievements, including several awards that confirm our success in addressing the evolving expectations of clients."
In 2007, the company received many awards and acknowledgements from customers representing such global industries as banking, retail, automotive and many others in its role as a trusted transformation partner:
The Magic Quadrant is copyrighted August 6, 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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 75,000 employees in over 44 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.
For further information, please contact: PR_Global@infosys.com