Represents Key Milestone in the Company’s Commitment to Hire 10000 American workers in the United States and Close IT Skills Gap
Phoenix, AZ – September 20, 2018
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it will open its next Technology and Innovation Hub in the State of Arizona and hire 1,000 American workers in the state by 2023.
This announcement reinforces Infosys’ May 2017 commitment to open Technology and Innovation Hubs in the United States and hire 10,000 American workers. To date, Infosys has hired 5,874 American workers against this commitment. The Arizona Technology and Innovation Hub will have a special focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security. Infosys’ investment in Arizona is a continuation of the company’s commitment to accelerate innovation for American enterprise by amplifying top local talent with the best global talent and to shrink the IT skills gap in the marketplace.
Infosys’ new Arizona employees will include recent graduates from the state’s prestigious network of colleges, universities and community colleges, as well as local professionals who will benefit from upskilling through Infosys’ world-class training curriculum.
“The number of jobs Infosys is bringing to Arizona is fantastic news for our citizens, especially given the commitment the company makes to continual training and education in technology,” said Arizona Governor Doug Ducey. “We are thankful for companies like Infosys who enhance our efforts to prepare the workforce for the future.”
“We are excited to announce the expansion of our presence in Arizona and to hire 1,000 workers for technology jobs in the state,” said Ravi Kumar, President, Infosys. “This investment will strengthen our ability to deliver for our clients across Arizona and the Southwest and expand the local workforce to help our clients compete in the rapidly digitizing global economy.”
“Infosys’ selection of Arizona as the location for a U.S. Technology & Innovation Hub further solidifies our state’s reputation as a tech industry leader,” said Sandra Watson, President & CEO of the Arizona Commerce Authority. “This operation will create a significant number of high-value jobs and focus on advancing emerging technologies. We thank Infosys for their commitment to Arizona, Governor Ducey for his leadership and the Zanjeros, ASU and GPEC for their support.”
The Arizona Technology and Innovation Hub will help Infosys work even more closely with clients in the region to develop cross-functional solutions to pressing business challenges in such areas as machine learning, artificial intelligence, user experience and advanced digital technologies, including big data and cloud. This investment also enables Infosys to build on the strength of its existing Arizona network of highly skilled professionals. The Hub will facilitate greater collaboration and advancement in key Arizonan industries such as hi-tech, manufacturing and financial services.
To date, Infosys has opened two Technology and Innovation Hubs, one in Indianapolis, Indiana and another in Raleigh, North Carolina. Infosys has also announced an additional Technology and Innovation Hub in Hartford, Connecticut and a unique Design and Innovation Hub in Providence, Rhode Island.
As part of Infosys’ commitment to boosting American innovation and helping create the workforce of the future, Infosys Foundation USA has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, more than 4.7 million students; 13,000 teachers and 21,000 schools across America, including over 7,300 students, 192 teachers and 159 schools in Arizona, have benefited from computer science training and classroom equipment funded by Infosys Foundation USA. This includes grants for professional development for teachers, hands on workshops for students, and new technology and teaching aids for classrooms, with an emphasis placed on serving underrepresented groups such as women, African-American, Latino, urban, rural and autistic groups that will gain greater access to computer science and maker education.
For more information, please visit: https://www.infosys.com/content/infosys-web/en/american-innovation/az.html
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona's economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create - attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries.
Certain statements in this press 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, 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, 2018. 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 any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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