Bangalore, India – October 24, 2014
Infosys, a global leader in consulting, technology and outsourcing solutions, today announced that it has been positioned as a leader by Gartner, Inc. in its newly published report Magic Quadrant for Oracle Application Management Service Providers, Worldwide, authored by Gilbert van der Heiden, Frances Karamouzis, and Ian Marriott, published on 16 October 2014. This is the third consecutive year that Infosys has been named a Leader in this report.
According to Gartner, “This Magic Quadrant evaluates 14 providers' capabilities to provide Oracle application management services. Sourcing executives should use this report to help identify potentially suitable providers and to inform their evaluation.”
“Leaders are performing well today, and gaining traction and mind share in the market. They have a clear vision of the market's direction and are actively building competencies to sustain their leadership position in the market,” the report states.
Ravi Kumar S., Executive Vice President, Global Oracle Practice Leader, Infosys:
“Our focus on industrialization of application management services and specialized competence to deliver Oracle management as an integrated stack has delivered improved efficiencies, productivity and high performance for clients. Infosys has extensive integrated business capabilities in Oracle application management services and delivery organization to address demand for increased value. We believe that this combined with our complementary strengths in existing and emerging domains has ensured our sustained leader’s position in this prestigious evaluation.”
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 or other designation. 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 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.
For further information, please contact: PR_Global@infosys.com