Bangalore, India – November 29, 2011
Infosys BPO Ltd., today announced that it has been awarded the Corporate Social Responsibility (CSR) award at the 8th National Outsourcing Association (NOA) Awards, 2011 in London for 'Project Genesis', a community project entirely sponsored by Infosys BPO. The awards recognize the efforts of companies and individuals who have demonstrated excellence in the outsourcing industry.
Project Genesis aims at improving the employability of students from Tier 2 and 3 towns in India through focused training interventions conducted through the medium of their college academicians. The curriculum of Project Genesis includes two modules: 'Language Enhancement' and 'Analytical Skills'. The Language Enhancement module aims at improving the written and spoken communication capabilities of students from these towns. The Analytical Skills module aims at improving the aptitude capability of these students. The program is conducted in four well planned phases such that the impact on the students is highest, and that provides them with the proficiency required to enter and perform well in this dynamic industry.
Speaking about the award, Raghavendra K., Head - Human Resources Development, Infosys BPO said, “We are delighted to have received this award. We consider this award an acknowledgement that Project Genesis is heading in the right direction, and we are truly proud of this initiative, which is bound to aid students from Tier 2 and 3 towns in India, and also the BPO industry as a whole. Over the past six years, Project Genesis has helped us reach out to over 85,569 students through 3,138 academicians in 1,594 educational institutions across 7 states in India."
Project Genesis follows the 'Train the Trainer' model, in which academicians from identified colleges are trained over a period of 10 days on the Global Skills Enhancement curriculum at Infosys campuses. The complete training program is sponsored by Infosys BPO with no expense being incurred by the participating academicians.
The NOA ( www.noa.co.uk ) is the UK's only outsourcing trade association. The NOA is part of the larger umbrella organization, the European Outsourcing Association. Advocating best practice, the NOA represents outsourcing end users, vendors and other companies which support outsourcing, such as legal firms, consultancies and HR. The NOA is involved in research, events, education and public affairs. The vast quantity of information that the NOA has collected is referred to as BOOK (the Body of Outsourcing Knowledge).
Infosys BPO Ltd. ( www.infosysbpo.com), the Business Process Outsourcing subsidiary of Infosys Limited, 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, Mexico, USA and Brazil and as on September 30, 2011 employed approximately 20,617 people. It closed FY 2010-11 with revenues of $426.8 million.
Many of the world's most successful organizations rely on the 142,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow's enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
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, 2011 and on Form 6-K for the quarters ended December 31, 2010, June 30, 2011 and September 30, 2011. 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.