Bangalore – May 25, 2012
Infosys BPO Limited, today announced that it has won the Outsourcing Excellence Award 2012 in the "Best New Process/Application" category, recognizing the company's strong relationship with its client Rio Tinto. The Outsourcing Excellence Awards are presented by the Outsourcing Center, the premier online community specializing in thought leadership, best practices, and innovation in outsourcing.
Speaking about the award, Swami Swaminathan, CEO and MD, Infosys BPO, said, "Winning an award from a globally recognized platform such as the Outsourcing Center is a validation of our continued focus on delivering business value for our clients. This corroborates our ability to impact our clients' business metrics through transformational initiatives. The award is truly a testimony to our focus on thought leadership and driving innovation through collaboration for our clients."
This is the 16th year the Outsourcing Excellence Awards have annually recognized the world's best outsourcing arrangements. Judged by an independent panel of industry experts who evaluated numerous worldwide outsourcing relationships, winners from both the buyer and service provider presented learnings at the Best Practice Seminar and were recognized at the "Oscars-reminiscent" black tie event at the Gaylord Texan in Grapevine, Texas.
The global winning outsourcing partnerships represent a variety of business solutions that enable the buyers to support their strategic growth initiatives. Basis in-depth review of nominations, the judges select relationships that tangibly demonstrate best practices, create and sustain a competitive advantage, provide business transformation, achieve compelling value, and significantly benefit both buyer and service provider over time.
The Outsourcing Center, an online community specializing in thought leadership, best practices, and innovation in outsourcing, conducts the annual awards program exclusively. The Center also offers provider brand communication, go-to-market strategies & business intelligence services. The Outsourcing Excellence Awards have annually recognized the world’s best outsourcing arrangements for 16 years now. The independent panel of judges select relationships that tangibly demonstrate best practices, create and sustain a competitive advantage, provide business transformation, achieve compelling value, and significantly benefit both buyer and service provider over time.
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, Poland, Mexico, Brazil, USA, China, the Philippines and Australia, and as on March 31, 2012, employed 21,421 people. It closed FY 2011-12 with revenues of $494.5 million.
Many of the world's most successful organizations rely on the 150,000 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, 2012 and on Form 6-K for the quarters ended June 30, 2011, September 30, 2011 and December 31, 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.