Bangalore, December 1, 2014
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, has been rated as a Leader and Star Performer in the capital markets IT outsourcing space in Everest Group's "IT Outsourcing in Capital Markets – Service Provider Landscape with PEAK Matrix™ Assessment 2014" report.
Infosys scored high for growth in its application outsourcing (AO) and annualized contract value (ACV) in capital markets, successful renewals and expansions, and client acquisitions in the APAC region. Infosys also announced the highest number of global scope deals in 2013. Clients strongly rated Infosys on its ability to deliver innovation and robust account management capabilities. Investments made by Infosys in proprietary solutions and portfolio expansion augmented the positive rating for the company. Infosys launched three new solutions:
Mohit Joshi, Executive Vice President, Head, Financial Services, Infosys:
"Risk and compliance issues and liquidity management are key challenges in capital markets. Financial institutions demand domain-driven innovations and capabilities, such as the Infosys Transaction Reconciliation System, as well as best-of-breed software. The Everest rating stands testimony to our continued focus on creating solutions that help our clients stay competitive in the capital markets industry."
Jimit Arora, Vice President, Everest Group:
"Infosys considerably enhanced its position in the capital markets AO space, given the strong growth in deal activity as well as capability augmentation throughout the year. Clients acknowledge the ability of Infosys to deliver innovation and offer superior account management – which contributes to success in new wins as well as renewals and expansions."
The 2014 Everest Group PEAK Matrix™ for IT Outsourcing in Capital Market report evaluated 23 leading AO service providers, specific to the global capital markets sector. The PEAK Matrix is a composite index of a range of distinct matrices related to a service provider's scale, scope, technology and domain investments, delivery footprint, buyer satisfaction, and resultant market success.
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