Bridgewater, N.J. – July 9, 2013
Infosys, a global leader in business consulting and technology solutions, today announced that its employees donated more than $30,000 to the Hurricane Sandy New Jersey Relief Fund in May 2013. As the summer travel season is now in high gear, this contribution will help continue critical rebuilding efforts at popular New Jersey shore locations.
The Hurricane Sandy New Jersey Release Fund is a 501(c)(3) independent non-profit organization that is dedicated to helping rebuild the state of New Jersey in the aftermath of the devastating hurricane that destroyed homes, businesses and some of the state’s most identifiable icons. To date, the fund has raised more than $32 million from more than 22,900 donors worldwide.
Infosys employees from around the globe made personal donations collected by the company. Infosys and its employees have a long history of helping local communities in need, both in the United States and internationally. For example, Infosys recently established a similar donation program for the flood region in India, and previously provided aid in the aftermath of the earthquake and tsunami in Japan, and the tornados in Joplin, Missouri.
New Jersey First Lady Mary Pat Christie, Chair of the Hurricane Sandy New Jersey Relief Fund:
"New Jersey has been fortunate to have so many from around the world answer its call for help following Hurricane Sandy. There has been tremendous progress since October, but as I speak with the people of New Jersey and visit struggling business owners I am reminded of the great need that remains and the amount of work left to do. To date, the Hurricane Sandy New Jersey Relief Fund has awarded over 51 grants totaling $11 million to non-profits active in the relief efforts. This generous donation from the employees of Infosys who opened their wallets to help their fellow man will assist the Relief Fund in providing long-term financial resources to affected communities. We are grateful to the Infosys team for their ongoing support in helping to make New Jersey stronger than the storm."
Ashok Vemuri, Member of the Board, Head of Americas, and Global Head of Manufacturing and Engineering Services at Infosys:
"A number of our employees in New York and New Jersey personally were impacted by Sandy. We hope that the contribution will help accelerate the region’s rebuilding, especially now with the summer holiday season. This donation, along with many hours our employees have volunteered towards local relief and rebuilding projects, is a testament to our commitment and compassion for those in need, and builds on the guiding principles of our Infosys Foundation."
The Hurricane Sandy New Jersey Relief Fund Inc., a 501(c)(3) independent non-profit organization, was created to help New Jersey rebuild following the devastating storm that hit the region in October 2012. Since its establishment, the Fund has raised over $32 million from over 22,000 donors worldwide to help those individuals, families and businesses affected by Sandy.
Infosys is a global leader in business consulting and technology solutions. As a proven partner focused on building tomorrow's enterprise, Infosys enables clients in more than 30 countries to outperform the competition and stay ahead of the innovation curve.
Ranked in the top tier of Forbes’ 100 most innovative companies, Infosys – with $7.4bn in annual revenues and 150,000+ employees – provides enterprises with strategic insights on what lies ahead. We help enterprises transform and thrive in a changing world through strategic consulting, operational leadership and the co-creation of breakthrough solutions, including those in mobility, sustainability, big data and cloud computing.
Visit www.infosys.com to see how Infosys (NYSE: INFY) is Building Tomorrow's Enterprise® today.
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, fluctuations in foreign exchange rates, 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 or expiration 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, 2013 and on Form 6-K for the quarter ended June 30, 2012 September 30, 2012 and December 31, 2012.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 unless it is required by law.
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