Infosys : Announces New Digital Development Centre in Toronto Region to Nurture Digital-Ready Workforce

Infosys Announces New Digital Development Centre in Toronto Region to Nurture Digital-Ready Workforce

Commits to creating 500 jobs in the next three years as part of its continued expansion across Canada

Toronto, August 25, 2021

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it will establish a new digital development centre at its largest Canadian office in Mississauga. This is aimed at creating 500 high quality jobs in the Toronto Region over the next three years.

Spanning nearly 50,000 square feet and bringing significant investment from Infosys to the country, this digital development centre will train, upskill, and reskill employees in the technologies needed to help Canadian businesses accelerate their digital transformation. It will also enable Infosys to better collaborate with clients to develop cross-functional solutions to pressing business challenges. Infosys, in the Toronto Region, currently serves businesses in the financial services, healthcare, communications, retail, and natural resources sectors. Artificial intelligence, data science, automation, and machine learning are the core capabilities that this centre would nurture and expand.

In response to surging demand for training, re-skilling, and learning by employers, Infosys previously committed to double its Canadian workforce to 4,000 employees by 2023. The digital development centre will play a key role in this expansion and lead the building of digital capabilities and training for the next generation of IT talent to support Canadian businesses.

'We are proud to power digital Canada through the skills of the future and do our part in supporting post-pandemic economic recovery. The Toronto Region met all of our criteria when deciding where to set up the digital development centre, create new jobs and scale our business offerings,' said Ravi Kumar, President, Infosys. 'Talent and high-tech know-how are in abundance, there is a real aptitude for new workplace development strategies, and many of our clients are based here. Even better, this will enable us to be part of an ecosystem that reaches across the region, linking the private sector with innovative research and learning institutions in Canada', he added.

While the digital development centre is the first of its kind in Canada for Infosys, it is based on the proven model of six similar digital centres in the U.S. which hire from local colleges and provide training and digital career paths. Infosys' unique training and education infrastructure builds a tech-savvy and agile workforce with the skills and experience that clients need to become fully digital businesses.

Infosys has seen exponential growth in Canada and is firmly committed to strengthening its presence and hiring top tech talent across major hubs. Within the last two years, Infosys has created thousands of jobs across Toronto, Vancouver, Ottawa, Montreal, and most recently, Calgary. The company hires graduates from 14+ local post-secondary educational institutions, such as the University of Toronto and University of Waterloo, to build a strong pipeline of tech talent. In 2021, it was recognized as one of the Best Places to Work in Canada, according to Glassdoor.

'Ontario's deep talent pool, cutting edge innovation ecosystem, and competitive business costs make our province an ideal place for investment,' said Ontario Minister of Economic Development, Job Creation and Trade, Vic Fedeli. 'We thank Infosys for investing in Ontario's post-pandemic recovery by developing this global competency hub, tapping local talent, and partnering with local academic institutions to help develop a skilled workforce that will deliver new solutions, and, in turn, help other businesses thrive and grow.'

'We are thrilled that Infosys has chosen to invest in Mississauga and has committed to bringing hundreds of jobs along with training opportunities to our local workforce,' said Mississauga Mayor Bonnie Crombie. 'This announcement is a testament to the talent we have in Mississauga as well as our world-class ICT sector, which is one of the largest in the country. The arrival of Infosys will play a significant role in economic recovery and growth, not only here in Mississauga but also across the entire Greater Toronto Area,' she added.

The launch of this digital development centre and accompanying jobs commitment were announced at the virtual Infosys Canada C-Suite Forum today where executives shared strategies to reshape business for resilience and success in the post-pandemic world.

To walk through the Infosys Mississauga Development Centre, please click the play button below and use the cursor to navigate your way virtually:

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 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.

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