Bangalore – November 19, 2013
Infosys BPO, a subsidiary of Infosys, today announced that it has been positioned in the Leaders category in Everest Group’s Procurement Outsourcing (PO) Service Provider Landscape with PEAK Matrix Assessment 2013 report. The report identifies Infosys BPO as a '2013 PO Market Star Performer' based on the company’s relative year-on-year (YoY) movement and reiterates its commitment to the PO business.
Saurabh Gupta, Vice President, Everest Group:
"Infosys BPO's acquisition of Portland Group in late 2011 helped it acquire strategic sourcing and category management capability, transforming Infosys BPO from a procure-to-pay focused provider to an end-to-end source-to-pay provider. As a result, Infosys BPO catapulted into the Leaders Quadrant on the PO PEAK Matrix. It also earned the status of a 'PO Star Performer' given strong YoY growth in both delivery capability and market success."
Gautam Thakkar, Chief Executive Officer and Managing Director, Infosys BPO:
"Our end-to-end integrated procurement solutions help address issues around effective management of third-party spend, among other challenges. We deliver measurable business value to our clients by providing access to the best procurement technology platforms and tools. This recognition highlights our commitment to bring our superior service offerings and innovative solutions to deliver transformational benefits to our clients."
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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 160,000+ employees, is Building Tomorrow's Enterprise® today.
Infosys BPO Ltd. (www.infosysbpo.com), the business process outsourcing subsidiary of Infosys Ltd., 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, Poland, the Czech Republic, the Netherlands, South Africa, Brazil, Mexico, Costa Rica, the United States, China, the Philippines, Japan and Australia, and as of September 30, 2013, employed 28,277 people. It closed FY 2012-13 with revenues of $583.1 million.
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 September 30, 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.