Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Infosys Limited    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Infosys : Partners With Rhode Island in Fight Against COVID-19

share with twitter share with LinkedIn share with facebook
05/19/2020 | 02:21pm EDT

PROVIDENCE, Rhode Island, May 19, 2020Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is partnering with the State of Rhode Island in launching a privacy-first contact tracing solution to help Rhode Islanders and state officials slow the spread of coronavirus throughout the state. This is part of the state's effort to safely reopen businesses while reducing occurrences of community transmission.

Infosys Logo

Leveraging existing Infosys technologies, the company developed a mobile app that will help Rhode Islanders follow required health and safety guidelines, monitor their own activities and support the Rhode Island Department of Health by providing accurate data with user consent. The application, called "CRUSH COVID RI," will utilize Infosys' Location Based Services platform to create individualized location diaries, while protecting user privacy. The mobile app will serve as a one stop shop for pandemic response, connecting Rhode Islanders with resources about quarantine and isolation supports, symptom monitoring, and up-to-date disease information from the Rhode Island Department of Health.

"Rhode Island has been at the forefront of the fight against coronavirus and we are honored to have the opportunity to assist in developing this critically important asset for the state," said Ravi Kumar, President, Infosys. "By repurposing existing technologies with proven results, Infosys was able to quickly deliver a contact-tracing solution that will hopefully turn the tide on coronavirus, all while protecting Rhode Islanders' health and privacy. We are grateful to the state for including us in this important initiative."

"We have been asking Rhode Islanders to keep a diary of who they come into contact with, each day," said Governor Raimondo. "Especially now, as we begin the process of reopening our state, this type of contact tracing is critical to identifying and slowing the spread of the virus. Thanks to the generous work of our partners at Infosys, we now have a tool at our fingertips to do just that. I encourage all Rhode Islanders to download this app and be proactive in crushing COVID-19."

The user interface for the application was designed at Infosys' Providence Design + Innovation Center, and the app will include additional features, such as GPS-based location sensing, location maps and services and push notifications.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2019. 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.

Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg

Media contacts:

For further information, please contact: PR_Global@infosys.com

Cision
View original content:http://www.prnewswire.com/news-releases/infosys-partners-with-rhode-island-in-fight-against-covid-19-301062040.html

SOURCE Infosys

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
Latest news on INFOSYS LIMITED
07/14INFOSYS : Vanguard and Infosys Announce Strategic Partnership
PU
07/14India's tech hub, other towns back in lockdown amid COVID-19 surge
RE
07/14India's tech hub, other towns back in lockdown amid COVID-19 surge
RE
07/13Nifty, Sensex end higher as Reliance rallies; inflation data awaited
RE
07/10INFOSYS : Old National Bank and Infosys Forge Digital Transformation Partnership
PU
07/10INFOSYS LIMITED : quaterly earnings release
07/10EXCLUSIVE : India panel proposes new regulator for non-personal data: draft repo..
RE
07/10India panel proposes new regulator for non-personal data -draft report
RE
07/09INFOSYS : to Announce First Quarter Results on July 15, 2020
PU
06/25INFOSYS : FE CREDIT, Vietnam to Upgrade to Finacle Digital Banking SaaS to Accel..
PU
More news
Financials
Sales 2021 930 B 12 341 M 12 341 M
Net income 2021 161 B 2 131 M 2 131 M
Net cash 2021 292 B 3 870 M 3 870 M
P/E ratio 2021 20,7x
Yield 2021 3,07%
Capitalization 3 322 B 44 062 M 44 070 M
EV / Sales 2020
EV / Sales 2021 3,26x
Nbr of Employees 242 371
Free-Float 87,2%
Chart INFOSYS LIMITED
Duration : Period :
Infosys Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INFOSYS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 37
Average target price 775,39 INR
Last Close Price 783,25 INR
Spread / Highest target 21,3%
Spread / Average Target -1,00%
Spread / Lowest Target -22,1%
EPS Revisions
Managers
NameTitle
Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi Co-President
Ravi Kumar S. Co-President & Deputy Chief Operating Officer
Nandan M. Nilekani Non-Executive Chairman
U. B. Pravin Rao Chief Operating Officer & Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INFOSYS LIMITED7.13%44 981
ACCENTURE4.08%137 253
TATA CONSULTANCY SERVICES0.47%110 848
INTERNATIONAL BUSINESS MACHINES CORPORATION-10.03%105 837
AUTOMATIC DATA PROCESSING, INC.-14.67%62 524
VMWARE, INC.-8.92%57 997