Princeton, NJ and Bangalore, India - October 27, 2014
Infosys and the Institute for Advanced Study (IAS) today announced a new endowment fund that will be used to support visiting scientists and scholars advance their research at the world-renowned institute in Princeton, New Jersey. The Infosys Fund has been created following a donation of US$2 million by Infosys to the IAS and will be used to support two scholars across the Institute’s four Schools each year. The Infosys Members will receive support related to all aspects of the academic appointment and community life that are unique and fundamental aspects of the Institute for Advanced Study experience.
Visiting scientists and scholars at the Institute, known as "Members," are at the heart of the Institute’s mission to encourage and support curiosity-driven research in the sciences and humanities. They are selected from the world’s leading universities and research institutions and spend time at IAS addressing some of the most intriguing questions across the sciences and humanities, unencumbered by teaching and administrative obligations.
Infosys has a longstanding connection with the Institute through the Infosys Prize, which has recognized several of its former visiting scientists in the subject of Mathematical Sciences.
Robbert Dijkgraaf, Director and Leon Levy Professor, Institute for Advanced Study:
"This generous donation from Infosys is a remarkable recognition of the Institute for Advanced Study's legacy, and is a powerful endorsement of our future promise. The freedom and independence to pursue the most interesting and relevant questions about nature and humanity have been the essence of the Institute for more than eighty years. In particular, the field of computing—where Infosys is making such important contributions today—had its start at the Institute under the direction of legendary mathematician John von Neumann. The Institute exists to provide an optimal environment where scholars from all over the world can think and share, imagine and risk, and begin again without conditions and limitations. The extraordinary gift from Infosys will help us continue to meet this critical need. We hope that this is the beginning of a long and close association with Infosys."
Dr. Vishal Sikka, Chief Executive Officer and Managing Director, Infosys:
"At Infosys we believe that people, when amplified by technology, knowledge, imagination and an enriching ecosystem, can achieve incredible things. This is the beginning of a human revolution, and institutions like IAS have long served to accelerate it. By mentoring visiting scholars, in both academic and practical terms, the IAS has created yet another avenue to produce advances in knowledge that can change the way we work and live - with wide-ranging impact on global development."
Infosys has pledged US $42 million in the current financial year towards corporate social responsibility through the Infosys Foundation, its philanthropic arm. The Foundation is engaged in several programs aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute. In the US, Infosys recently signed up as an implementation partner for the Global STEM Alliance, a global program recently established by the New York Academy of Sciences that aims to empower the next generation of scientific innovators.
The Institute for Advanced Study (www.ias.edu) is one of the world's leading centers for theoretical research and intellectual inquiry. The Institute exists to encourage and support curiosity-driven research in the sciences and humanities—the original, often speculative thinking that produces advances in knowledge that change the way we understand the world. Work at the Institute takes place in four Schools: Historical Studies, Mathematics, Natural Sciences and Social Science. It provides for the mentoring of scholars by a permanent Faculty of approximately 30, and it ensures the freedom to undertake research that will make significant contributions in any of the broad range of fields in the sciences and humanities studied at the Institute.
The Institute, founded in 1930, is a private, independent academic institution located in Princeton, New Jersey. Its more than 6,000 former Members hold positions of intellectual and scientific leadership throughout the academic world. Thirty-three Nobel Laureates and 40 out of 56 Fields Medalists, as well as many winners of the Wolf and MacArthur prizes, have been affiliated with the Institute.
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$8.25 billion in annual revenues and 165,000+ employees, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, 2014 and on Form 6-K for the quarter ended September 30, 2014. 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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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