Bengaluru, India – September 01, 2022
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in the IDC MarketScape: Worldwide Cloud Professional Services 2022 Vendor Assessment (Doc #US48061322, April 2022) for its employee capability, experience, and domain knowledge of working with global enterprises. The assessment highlights the full potential of digital transformation with Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey.
The IDC MarketScape assessed and analyzed 20 digital and cloud consulting service providers based on a comprehensive framework and set of parameters. According to the IDC MarketScape, deep-rooted, award-winning partnerships with a rich ecosystem of partners including major hyperscalers deliver a unique value proposition of capabilities, expertise, and solutions that help clients navigate cloud transformation in an industry-specific context. The report also noted that the Infosys Innovation Network made up of start-ups, Living Labs, and global innovation hubs in partnership with academia and venture capitalist firms helps incubate new solutions to help customers plug specific gaps in their technology landscape. Infosys Cobalt's community brings together a large set of experts to rapidly ideate, prototype, cocreate, and co-innovate new solutions that help future proof businesses.
Gard Little, Vice President, Global Services, Markets & Trends at IDC, said, “Infosys has done significant work to develop thousands of cloud assets and hundreds of industry cloud solution blueprints as part of Infosys Cobalt. Coupled with the investments in onshore delivery over the past several years in places such as the United States, Infosys is well positioned to deliver cloud professional services to its clients.”
Narsimha Rao Mannepalli, Executive Vice President, Head – Cloud Infrastructure and Security Solutions, Infosys, said, “This recognition by IDC MarketScape stands testimony to our cloud capabilities and exemplifies our continued investments in transforming businesses for our clients. Our focus on a holistic approach to leveraging Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud transformation, is enabling seamless cloud journeys for our clients.”
To read this report excerpt, please visit: https://www.infosys.com/services/cloud-cobalt/analyst-reports/vendor-assessment.html
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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 and the US, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2022. 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. 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 more information, please contact: PR_Global@infosys.com