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META Group Rates Infosys as “Leader” in Offshore Outsourcing

Recognized for Market Performance

Bangalore, October 7, 2004: Infosys Technologies (NASDAQ:INFY) today announced it has been rated among the leaders in the offshore outsourcing market by internationally reputed market research firm, META Group. The new METAspectrum evaluation provides an objective assessment of companies providing offshore outsourcing.

Infosys was recognized for its market performance and execution. Further, the study commends Infosys for its polish in terms of messaging, positioning and communication to clients.

The METAspectrum study attributes maximum momentum to the leaders in offshore outsourcing, as organizations “turn to them first when considering offshore strategies or as a benchmark against which to compare competitors.”

This rating follows close on the heels of a client survey conducted by Infosys at its annual customer forum. More than 57 percent of the respondents attributed Infosys’ success to execution excellence, “Getting it done, predictably”.

“We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market,” said Dean Davison, vice president, META Group. “Success in offshore outsourcing is increasingly determined by business practices rather than technical expertise.”

According to Nandan Nilekani, CEO, President and Managing Director, Infosys Technologies Limited, “As we partner with our clients to help them become more competitive, we bring to them the combined and unmatched strengths of consulting and project execution. META’s endorsement of our leadership capabilities in offshore outsourcing is a reflection of the success of our business model, governed by scale and differentiation.”

The study has projected a 20% growth in the offshore outsourcing market through 2008. It also indicates that the political backlash toward offshore is not deterring market adoption.


About METAspectrum

META Group’s METAspectrum SM methodology provides a framework for evaluating or selecting an appropriate IT vendor or product, simplifies the decision process, and enables more effective technology investments. META Group’s research efforts, which adhere to the company’s commitment to objectivity, are conducted independently, based on industry best - practice methodologies and subject to the highest levels of review by META Group’s research community. To learn more about METAspectrum, visit metagroup. com/metaspectrum or call 800 - 945 - META.

About Infosys Technologies Ltd. (NASDAQ: INFY)

Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys’ Global Delivery Model to achieve higher quality, rapid time - to - market and cost - effective solutions. Infosys has over 25,000 employees in over 30 offices worldwide.For more information, visit www.infosys.com

METAspectrum Disclaimer

Copyright (c) 2004 META Group, Inc. All rights reserved. Permission to reproduce this research has been granted by META Group, Inc. Any further reproduction or redistribution of this research in any form without prior written approval is prohibited. METASpectrum is META Group's independent evaluation of a technology market, representing marketplace characteristics at a given time and are subject to change without notice. META Group's permission to reproduce this evaluation should not be deemed to be an endorsement of any company or product. META Group research is intended to be one of many information sources and decision - makers should not rely solely on the METASpectrum evaluation for making solution choices. META Group expressly disclaims all warranties, express or implied, including but not limited to fitness of this research for a particular purpose or merchantability.

Safe Harbor Provision

Certain statements in this release related to the Offering constitute forward - looking statements. This Offering is subject to shareholder approval, which may not be obtained. Although the Offering is expected to be made to our equity holders in India, we may be required to exclude certain equity holders outside India to comply with U. S. rules and regulations. Our business is subject to a number of risks and uncertainties that could affect our future operating results including those 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, 2004 and on Form 6 - K for the quarter ended June 30, 2004 and September 30, 2004. These filings are available at www.sec.gov Opens in new window . 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.



For further information, please contact:

The Americas
Peter McLaughlin
Infosys Technologies Ltd, USA
Phone: +1 213 622 4949, Ext 206

Asia Pacific
Sarah Vanita Gideon
Infosys Technologies Ltd, India
Phone: +91 80 4156 4998

Australia
Cristin Balog
Infosys Technologies Ltd, Australia
Phone : +61 3 9860 2277
 
EMEA
Antonia Maneta
Infosys Technologies Ltd, UK
Phone: +44 0 207 715 3499

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