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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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Delayed NSE India Stock Exchange  -  02:29:10 2023-02-08 am EST
1598.35 INR   +2.30%
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Infosys : Makes New Investment to Prepare American Workforce for Opportunities of Tomorrow; Commits to Providing Salesforce Technology Jobs as Entry into Digital Careers for 500 Job Seekers by 2022

11/17/2021 | 07:18am EST
Infosys Makes New Investment to Prepare American Workforce for Opportunities of Tomorrow; Commits to Providing Salesforce Technology Jobs as Entry into Digital Careers for 500 Job Seekers by 2022

Launches program leveraging Trailhead, Salesforce's free online learning platform, to train people for roles as Salesforce Certified Administrators and Developers

New York City, New York - November 17, 2021

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a new program to prepare Americans for 21st-century careers in the technology sector. The program will offer 500 job seekers the opportunity to complete a fully digital, online diploma course certified by Salesforce, following an aptitude test that matches them with available entry-level tech jobs at Infosys. Leveraging Trailhead, Salesforce's free online learning platform, the program will train these 500 American workers, free of cost, for roles at Infosys as Salesforce Certified Administrators and Salesforce Industries Developers.

The program, targeting recent graduates from major universities, liberal arts colleges, and community colleges, will help Infosys to create a workforce prepared for the future. The program will also continue to help the company build new pathways for talent to transition from traditional jobs across various industries and workstreams to digital jobs of the future.

Ravi Kumar, President, Infosys, said, "At Infosys, we see every day that the relevance of technical skills is short-lived, but technical aptitude is invaluable, when matched with organizational confidence and ability to train individuals in specific skills that make them productive. Getting the right people ready for the right roles can be better achieved by embracing creative new approaches. Infosys' new program leveraging Trailhead for digital skills learning is another investment in this direction that will enable us to expand our hiring to include more people, while creating upward mobility, so more of us can live the American dream."

This comes on the back of several investments that Infosys has already made in training and reskilling the American workforce, including the Reskill and Restart initiative launched last year to fulfill employment needs in the country following COVID-19.

Amy Regan Morehouse, Senior Vice President, Trailhead Academy GTM, said, "In today's digital-first world, it's critical that companies invest in workforce development programs that provide new learning opportunities for both employees and for anyone looking to learn in-demand tech skills. Companies like Infosys are leading the way to pave new pathways for digital skills education, and we're excited to power their reskilling efforts with Trailhead and bring new jobs to the Salesforce ecosystem."

Infosys is proud to be part of the Salesforce Talent Alliance, an initiative that empowers partners to bring new and diverse pipelines of Salesforce-certified talent into the Salesforce ecosystem. Infosys participates in numerous Salesforce talent programs, such as Pathfinder, Salesforce Military, and the Salesforce Fellowship Program, Hiring our Heroes.

Salesforce, Trailhead and others are among the trademarks of salesforce.com, inc.

About Trailhead

Trailhead is Salesforce's free online learning platform that allows people to learn from anywhere and earn globally recognized credentials that help them land and excel in roles across the Salesforce ecosystem. Since launching in 2014, Trailhead has helped nearly 3.7 million people learn in-demand skills for the future of work.

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 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 12:17:02 UTC.


ę Publicnow 2021
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Financials
Sales 2023 1 480 B 17 870 M 17 870 M
Net income 2023 246 B 2 974 M 2 974 M
Net cash 2023 245 B 2 953 M 2 953 M
P/E ratio 2023 26,6x
Yield 2023 2,34%
Capitalization 6 434 B 77 666 M 77 666 M
EV / Sales 2023 4,18x
EV / Sales 2024 3,72x
Nbr of Employees 346 845
Free-Float 85,1%
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Mean consensus BUY
Number of Analysts 43
Last Close Price 1 562,40 INR
Average target price 1 743,40 INR
Spread / Average Target 11,6%
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Managers and Directors
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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