Evaluation Based on Completeness of Vision and Ability to Execute
Bangalore, February 19, 2013
Gartner has positioned Infosys as a leader in its first-ever Magic Quadrant for Oracle Application Management Service Providers, Worldwide1.
“We believe Infosys has a very strong vision for the market, especially in helping our clients optimize operations and move to more efficient application management services,” said Ravi Kumar S., Vice President and Global Head, Oracle Practice, Infosys. “We are aligning strategic investments and are expanding our joint centers of excellence with Oracle to better help clients increase productivity.”
According to the report, "End-user spending on application outsourcing worldwide will be worth $40 billion in 2012.”
To be included in this magic quadrant report, a company must have a minimum of $100 million of external revenue for fiscal year 2011 per application suite in Oracle and Oracle application management services worldwide. Companies must have demonstrated Oracle application management services revenue from clients in at least three of the following four regions, with at least five separate clients per region: North America, Latin America, EMEA, and Asia/Pacific and Japan. Such clients can be global clients with subsidiaries or local or regional clients.
1Source: Gartner, “Magic Quadrant for Oracle Application Management Service Providers, Worldwide” Christopher Ambrose, Gilbert van der Heiden, Helen Huntley, 20 December 2012.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+ people, 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, 2012 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 required by law.
For further information, please contact: PR_Global@infosys.com