Bangalore, India - June 03, 2010
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies today announced that it has won the Breakthrough Award 2009 at the Royal Philips Electronics Global Supplier Awards ceremony held at Eindhoven, in the Netherlands.
The Royal Philips Electronics Global Supplier Awards publicly recognize the contribution that suppliers make to the success of the company. The awards acknowledge the critical role that suppliers play in helping the company meet the challenge of ensuring supply continuity and delivering innovative, cost-effective products of unequalled quality to fulfill the growing demands of the company.
Infosys BPO was awarded for several strategic initiatives it undertook during the course of 2009, such as joint implementation of transaction based pricing, transitioning of activities to offshore centers in India and China, enabling Philips to cut costs and harmonize processes, and opening a new delivery center in Brazil to service Philips in the LATAM region.
(Swami) Swaminathan, CEO & MD, Infosys BPO, said, "Royal Philips Electronics is one of our largest clients and we are honoured to have been recognized as a strategic supplier for the company. As an organization, we have strived to be flexible, continuously focussing on transformational initiatives while concentrating on service delivery. This award is not only a recognition of our efforts thus far, but evidence of our long-term partnership with Philips."
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs more than 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with h4 leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter .
Infosys BPO Ltd. ( www.infosysbpo.com), the Business Process Outsourcing subsidiary of Infosys Technologies, was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, the Czech Republic, China, the Philippines, Poland, Thailand, Mexico, USA and Brazil and employs approximately18, 610 people as on March 31, 2010. It closed FY 2009-10 with revenues of $352.1 million.
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. Infosys seeks to assure clients 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. As of March 31, 2010, Infosys had approximately 113,800 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, 2010, 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.