Infosys, a global leader in consulting, technology and outsourcing, has opened a new Sydney branch office this week to keep pace with business growth of more than 500 percent in New South Wales (NSW) over the past five years. The Hon Barry O’Farrell MP, Premier of New South Wales, and Infosys Founder and Executive Chairman, N.R. Narayana Murthy, were present for the inauguration.
- Infosys expects to hire 85 new employees in NSW alone to keep up with client demand in the coming financial year
- The new office in NSW, with a capacity of 140 seats, will accommodate both new local staff to be hired and specialists who come to Australia for short-term projects throughout the year
- The majority of Infosys staff in NSW will continue to work at client sites across the greater Sydney area
- Infosys currently employs approximately 2,600 people based across Australia and New Zealand
The Hon Barry O’Farrell MP, Premier of New South Wales:
“The growth of Infosys in Sydney reinforces that India is a key priority in our international engagement. Companies like Infosys are helping grow our knowledge economy through investment and partnerships, which accelerate global competitiveness for Australian companies.”
Jackie Korhonen, Infosys Senior Vice President and Country Head for Australia and New Zealand:
“Australia is the third largest market for Infosys globally and one of our fastest growing markets. We are seeing healthy growth across the region. The New South Wales financial services and communications work in particular is driving a lot of our hiring.”
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.
www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B 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, 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, 2013 and on Form 6-K for the quarter ended Sept 30, 2013. 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.