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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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Delayed NSE India Stock Exchange  -  06:25:52 2023-01-27 am EST
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Infosys : Cobalt and MIT Technology Review Insights Launch ‘The Cloud Hub' – A One-Stop Destination to Help Enterprises Navigate from Cloud Chaos to Clarity

11/16/2021 | 09:57am EST
Infosys Cobalt and MIT Technology Review Insights Launch 'The Cloud Hub' - A One-Stop Destination to Help Enterprises Navigate from Cloud Chaos to Clarity

The Cloud Hub to offer industry practitioners research insights, thought leadership, success stories and real-world guidance from leading cloud adopters to maximize value from the cloud

Bengaluru, India - November 16, 2021

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, and MIT Technology Review, a world-renowned technology media brand and its custom publishing division Insights, today announced the launch of 'The Cloud Hub', a forum offering insights and learning from successful cloud transformations to help global enterprises accelerate their cloud journey. This collaboration will bring together success stories, expertise and experience from a number of leading global brands to demonstrate how value and competitive advantage can be created by adopting cloud technologies.

The Cloud Hub aims to create a community of experts from the industry, including practitioners, providers and influencers, to debate key challenges and opportunities surrounding the biggest technology disruption that the world is witnessing. As per the Infosys' 2021 Cloud Radar Report, enterprises surveyed can add up to $414 billion in net new profits, annually, through effective cloud adoption. Yet, many companies are still on the journey to maximize cloud adoption to gain a competitive edge. The Cloud Hub will bring featured voices, including exclusive access to the Infosys Cobalt community of experts, to share success stories, strategies, and insights from leading cloud adopters on a variety of topics including hybrid cloud, data, AI, cloud apps, and security.

Elizabeth Bramson-Boudreau, CEO and publisher, MIT Technology Review, said, "Our custom content division, MIT Technology Review Insights, generates original research that helps executives make informed decisions about their companies' tech strategies and investments. We're excited to co-create The Cloud Hub in partnership with Infosys as we believe companies can benefit immensely from expert guidance as they find their way through the stunningly complex landscape of cloud and digital transformation."

Ravi Kumar, President, Infosys, said, "While cloud-first companies forge ahead, several other enterprises struggle to capitalize on the full potential of the cloud. Infosys is actively seeking to remedy this with solutions powered by Infosys Cobalt. Creating The Cloud Hub in collaboration with MIT Technology Review Insights, is an Infosys Cobalt initiative adding muscle to the efforts we are already making to help our clients rejuvenate operations, drive innovation, and take pioneering strides towards realizing value in the cloud."

Click here to watch a conversation between Elizabeth Bramson-Boudreau and Ravi Kumar.

You can learn more about the Cloud Hub here.

About MIT Technology Review

Founded at the Massachusetts Institute of Technology in 1899 MIT Technology Review is a world-renowned independent media company whose insight, analysis, interviews, and live events explain the newest technologies and their commercial social and political impacts. MIT Technology Review derives its authority from its relationship to the world's foremost technology institution and from its editors' deep technical knowledge capacity to see technologies in their broadest context and unequaled access to leading innovators and researchers. Insights, MIT Technology Review's custom publishing division, conducts research worldwide and publishes a wide variety of content, including articles, reports, infographics, videos, and podcasts.

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.

Media contacts:

For more information, please contact PR_Global@infosys.com

Disclaimer

Infosys Limited published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 14:56:02 UTC.


ę Publicnow 2021
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Financials
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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Number of Analysts 43
Last Close Price 1 519,15 INR
Average target price 1 743,40 INR
Spread / Average Target 14,8%
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Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi President
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
Anand Swaminathan Executive VP-Communications, Media & Technology
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