New Index Instituted to Represent the World's Leading Corporations - Present and Future
Bangalore, India - November 19, 2008
Infosys Technologies Ltd, (NASDAQ: INFY) today announced that it has been selected as an original component member of 'The Global Dow' - an index of the most innovative, vibrant and influential corporations from around the world; chosen by journalists and the Editor in Chief at Dow Jones. 'The Global Dow', which was launched last week, is a new world-wide stock index made up of 150 leading blue-chip stocks.
The Global Dow index includes companies who have had a long history with success and a wide following among investors. The index universe is defined as all publicly traded securities in markets that are open to foreign investment. The membership to the index is based on size and reputation and the promise for the future. In recognition that global wealth is no longer concentrated in a few countries, The Global Dow has also been designed to cover both developed and emerging economies - as well as companies from emerging sectors.
Commenting on Infosys' selection for The Global Dow, S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Technologies said, "We are delighted to be chosen as a member of The Global Dow. Being selected from amongst so many companies in a competitive global environment showcases the increasing importance of emerging economies such as India and is a significant achievement for Infosys. This selection reiterates our leadership, success and recognizes our potential."
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov
including our Annual Report on Form 20-F for the year ended March 31, 2008, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
For further information, please contact: PR_Global@infosys.com