Bangalore, March 2, 2015
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced it has signed a five-year agreement with the leading global express delivery company TNT, to help TNT simplify and transform its technology applications.
As part of its turnaround and transformation strategy called ‘Outlook’, TNT is overhauling its IT capability to reduce complexity and cost and increase flexibility. Infosys has been selected as the strategic technology partner for application development and maintenance services to accomplish this objective.
The current IT applications of TNT will be consolidated and standardised for higher quality of service and lower cost of operations. Innovative value engineering and automation methodologies at Infosys will amplify business benefits for TNT. Infosys will use its collaboration technologies and world-wide presence to deliver a 24X7 service across multiple locations to support TNT’s global operations.
TNT is revamping its IT applications and building new systems to enable a seamless customer experience. Infosys will work with TNT to rapidly implement digital technologies that enable it to improve engagement with its customers, in particular small and mid-sized enterprises. These new systems will enable TNT to be more flexible and agile in an ever more dynamic market environment.
Karmesh Vaswani, Vice President and Head Europe - Retail, CPG & Logistics
"TNT's IT transformation roadmap resonates strongly with the ‘Renew-New strategy of Infosys. We look forward to helping TNT leapfrog to the next-generation SaaS and Cloud-based digital technologies that are customer friendly, cost effective and flexible. At the same time, we will strive to ensure TNT’s existing IT applications are revitalized."
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. 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 B in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
TNT is one of the world's largest express delivery companies. On a daily basis, TNT delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT made €6.7 billion in revenue in 2014.
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 quarters ended June 30, 2014, September 30, 2014 and December 31, 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