Infosys is Among an Elite Group of Leaders Providing Oracle Application Services - Independent Research Firm
Bangalore - March 26, 2014: Infosys, a global leader in consulting, technology and outsourcing solutions, today announced that it has been ranked as a leader in The Forrester Wave™: Oracle Application Services Providers, Q1 2014 report. The Forrester Research, Inc. report recognizes Infosys, among other vendors, for significant global work on major transformation initiatives. Forrester has given Infosys the highest possible scores for vision, Oracle alliance, pricing strategy, maintenance and ongoing support services. Know more about the report
Forrester's 35-criteria evaluation of Oracle application services providers identifies the nine largest global partners in terms of practitioners and revenue.
The Forrester Wave acknowledges Infosys for:
Focusing investments in new product areas such as mobility, fusion and engineered systems
Being well-suited for clients in industries such as financial services and insurance, manufacturing, utilities, telecommunications, retail, consumer packaged goods and wholesale trade
Its ability to provide clients with flexible, subscription-based alternatives to traditional Oracle solutions that are built specifically for industries or domains
Becoming one of the early providers to attain the certifications and advanced specializations required to achieve the elite Diamond Partner status
Its aggressive co-innovation with Oracle
Liz Herbert, Principal Analyst, Forrester in the report: "Infosys has shot up the ranks as a top tier Oracle services provider, through its aggressive co-innovation with Oracle and focused investment into newer product areas such as mobility, fusion and engineered systems….And, it's more recent investments in platforms…mean that Infosys clients have flexible, subscription-based alternatives to traditional Oracle solutions that are purpose-built for industries or domains."
Ravi Kumar S, Senior Vice President and Global Head, Oracle Practice Infosys: "Infosys has made significant investments in the latest Oracle technology stack, tools and methodologies as well as pioneered joint innovation and co-development of solutions with Oracle. As one of the first Diamond Partners of Oracle, Infosys has helped clients modernize and enhance their technology estate to drive tangible business outcomes globally. Our clients recognize the value Infosys brings to their business, drawing on our deep understanding of their growth needs, and our long term relationship with Oracle."
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. Visit www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B in annual revenues and 158,000+ 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 December 31, 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.
For further information, please contact:
Paul de Lara