Infosys added to the NASDAQ-100 Index
First Indian Company to be added into any of the major global indices
Bangalore, India - December 11, 2006: Infosys Technologies (NASDAQ: INFY), a world leader in information technology and consulting services, today announced that the company will be added to the NASDAQ-100 index, effective with the market opening on Monday, December 18, 2006. The NASDAQ-100 index is composed of the 100 largest non-financial stocks on the NASDAQ Stock Market in terms of market capitalization. Infosys Technologies is the first Indian company to be added to the NASDAQ-100 index and is the only Indian company to be part of any of the major global indices.
"We are delighted to be part of the NASDAQ-100 index," said Mr. V. Balakrishnan, CFO, Infosys Technologies. "It is a very important milestone for the company and is part of our journey to become a mainstream stock, globally."
Today, businesses are becoming global and the world is becoming flat. Corporates need to be innovative, flexible and competitive to succeed in this challenging environment. Infosys, with its next-generation business model, is in the forefront of being a transformation partner to its global clients to help them compete in a flat world. The inclusion of Infosys in the NASDAQ-100 index is testimony to its competitive business model and leadership position in this industry.
"The Indian economy is growing fast and leading global growth. Being a global company headquartered in India, our inclusion in the NASDAQ-100 index is a great recognition not only for Infosys but for the whole country," said Mr. Kris Gopalakrishnan, President, COO and Joint Managing Director, Infosys Technologies.