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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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East Sussex County Council Selects Infosys and Oracle Cloud to Modernize Services

11/01/2021 | 03:07am EST
East Sussex County Council Selects Infosys and Oracle Cloud to Modernize Services

Major UK Council consolidates core business processes, including finance, HR and procurement with Infosys Oracle Cloud Services and Oracle Fusion Applications

London, United Kingdom - November 1, 2021

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced East Sussex County Council has selected Infosys as its implementation partner to modernize critical business systems and accelerate its transition to the cloud with Oracle Cloud Fusion Applications Suite.

East Sussex County Council provides services used by all residents in East Sussex, including providing care and support to children, families and the elderly and maintaining the roads, as well as focusing on producing excellent results for its residents. To ensure that it can continue to deliver excellent services to its residents into the future, the council recognized the need to modernize its existing legacy systems to take advantage of the efficiencies cloud platforms will provide.

The Council will deploy Oracle Fusion Applications for finance, procurement and human resources. Oracle's integrated cloud platform will enable it to make its HR processes more efficient and improve the staff experience; improve sourcing and supplier management processes; and enhance and automate financial processes to increase operational efficiency, create inter-departmental synergies, and optimize the delivery of employee and citizen public services.

The project will be implemented by Infosys Oracle Cloud Services, part of Infosys Cobalt, which brings together strategy consulting, cloud offerings and managed services capabilities to support public sector digital transformation initiatives to accelerate cloud journeys.

Oracle Fusion Applications, including Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Procurement, Oracle Fusion Cloud Enterprise Performance Management (EPM) and Oracle Fusion Cloud Human Capital Management (HCM), will enable East Sussex County Council to break down organizational silos, standardize administrative processes, and securely manage finance, procurement and HR data on a single integrated IT platform.

Phil Hall, Chief Operating Officer, East Sussex County Council said "By connecting and rationalizing our business processes across functions, we are able to more quickly resolve internal process gaps and delays, realize significant efficiencies across departments, and refocus our resources on providing the best possible service to our residents. In Oracle and Infosys, we have partners that understand how local government works and the unique challenges we face."

Dinesh Rao, Executive Vice President and Global Head, Enterprise Application Services, Infosys said "Infosys is honored to be selected by East Sussex County Council together with Oracle to help them navigate a strategic cloud transformation journey that will modernize legacy applications and drive future readiness. We have successfully delivered Oracle Cloud applications by harnessing the collaborative strength of our partnership, mutually deep public sector expertise in the UK and the power of Infosys Cobalt offerings. We look forward to enabling East Sussex County Council drive greater service experience to its residents."

Guy Armstrong, Senior Vice President of applications, Oracle UK and Ireland said "Government organizations like East Sussex County Council are taking on expanded and more complex remits while having to be more resource-efficient-do more with less-and meet higher service expectations from their residents. With Oracle Fusion Applications the Council now has an integrated business platform that can help it meet both its current and future needs, and better service its staff and constituents."

About Infosys Ltd.

Infosys is a global leader in next-generation digital services and consulting. We enable clients in over 50 countries to navigate their digital transformation. With over 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 www.infosys.com to see how Infosys (NSE, BSE, 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, 2021. 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.

Media contacts:

For more information contact: PR_Global@infosys.com

Disclaimer

Infosys Limited published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 08:06:01 UTC.


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Sales 2023 1 478 B 18 128 M 18 128 M
Net income 2023 246 B 3 022 M 3 022 M
Net cash 2023 245 B 3 001 M 3 001 M
P/E ratio 2023 25,9x
Yield 2023 2,40%
Capitalization 6 272 B 76 932 M 76 932 M
EV / Sales 2023 4,08x
EV / Sales 2024 3,62x
Nbr of Employees 346 845
Free-Float 85,1%
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