San Francisco - September 30, 2014
Infosys, a global leader in technology, consulting and outsourcing, today announced a strategic relationship with the Institute for Computational & Mathematical Engineering (ICME), Stanford University. Through this arrangement, Infosys will work with ICME to develop curriculum in Data Science and Analytics focused on real-world problem areas and will undertake joint research using Data Science to find solutions to key industry issues.
Dr. Vishal Sikka, Chief Executive Officer and Managing Director, Infosys:
“Rapid advances in computing and technology have placed many powerful algorithms only a few clicks away. Gaining meaningful insights from large volumes of data has however become harder, as the deluge of data continues to outpace the gains in technology. Our clients inform us that their great challenge is to fuse domain and business knowledge with algorithms and machine learning. I am confident that our relationship with Stanford will strengthen the foundations of data science for our clients and for Infosys through training on cutting edge technologies and algorithms. We look forward to conducting meaningful research with world-class researchers on issues of most importance to our clients and their business of today and tomorrow."
Prof. Margot Gerritsen, Director, Institute for Computational and Mathematical Engineering, Stanford University:
“We are grateful for Infosys’s support of the Institute for Computational and Mathematical Engineering (ICME). Our institute develops computational and mathematical models to solve complex problems, ranging from optimization problems to flow physics, from financial mathematics to the geosciences, from uncertainty quantification to recommender systems and machine learning.”
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 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 160,000+ 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 June 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