Bangalore – August 20, 2013
Infosys, a global leader in consulting, technology and outsourcing, today announced that its BPO subsidiary has been placed in the 'Winner's Circle' in the HfS Blueprint Report for Procurement Outsourcing (PO) services. The report cites the company's ability to provide end-to-end solutions for clients as a key strength. The company has been recognized as delivering value beyond cost by developing innovative, industry-specific platform technologies for some of its marquee clients, showing its commitment to its PO business and its future.
Phil Fersht, CEO and Founder, HfS Research:
"Infosys has rapidly developed a first-class procurement services competency to cater for a wide array of global clients. Not only has the firm developed strong execution base for the bread-and-butter procurement needs of clients, but it is also supporting them with high-value analytics and strategic sourcing services, enabled by its technology expertise."
Gautam Thakkar, Chief Executive Officer and Managing Director, Infosys BPO:
"Our extraordinary domain depth enables us to develop unique tools and technologies to address issues around effective management of third-party spend among other challenges. Infosys is uniquely positioned to provide superior category expertise, supplier management skills, access to best-in-class procurement technology platforms and knowledge management tools. This recognition is an acknowledgement of the innovative and world-class solutions that we offer, highlighting our commitment to exceed client expectations and deliver measurable value for our clients’ businesses."
HfS Research (www.HfSResearch.com) is a leading independent global analyst authority and knowledge community in the business and IT services industry. HfS is unique in the fact that it serves the research and strategy needs of business operations leaders across finance, supply chain, human resources, marketing, customer management, IT and core industry functions. In addition to researching business operations strategies, HfS educates and facilitates discussion among the world's largest knowledge community of enterprise services professionals, currently comprising 120,000 subscribers. HfS Research also facilitates the HfS Sourcing Executive Council, the acclaimed elite group of sourcing practitioners from leading organizations, which meets on a bi-annual basis to share the future direction of the global services industry and discuss the future enterprise operations framework.
In 2010 & 2011, HfS was awarded Analyst of the Year by the International Institute of Analyst Relations (IIAR), the premier body of analyst-facing professionals, and achieved the distinctive award of being voted the research analyst industry's most Innovative Analyst Firm in 2012.
Infosys is a global leader in consulting, technology, and outsourcing 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 US$7.4bn in annual revenues and 155,000+ 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.
Infosys BPO Limited (www.infosysbpo.com), the business process outsourcing subsidiary of Infosys Limited, was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, Czech Republic, Netherlands, South Africa, Brazil, Mexico, Costa Rica, United States, China, Philippines, Japan and Australia, and as of June 30, 2013, employed 27,491 people. It closed FY 2012-13 with revenues of US$583.1 million.
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, 2013. 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.
For further information, please contact: PR_Global@infosys.com