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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 Positioned as a Leader in the IDC MarketScape: Worldwide Managed Multicloud Services 2021 Vendor Assessment

12/21/2021 | 05:10am EST
Infosys Positioned as a Leader in the IDC MarketScape: Worldwide Managed Multicloud Services 2021 Vendor Assessment

Bengaluru, India - December 21, 2021

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in the IDC MarketScape: Worldwide Managed Multicloud Services 2021 Vendor Assessment (Doc #US45977020, October 2021). The report highlights Infosys' comprehensive approach to delivering managed cloud services, as part of Infosys Cobalt, its ability to efficiently operate cloud workloads, and offer seamless cloud-powered enterprise transformation for clients.

For the report, IDC MarketScape evaluated 14 managed multicloud service providers based on their service coverage and lifecycles, portfolio, revenue, and partner network. As a leader, Infosys was recognized for its technology and domain expertise, broad repository of assets, tools, solutions, platforms and accelerators that are integral to Infosys Cobalt. The report also highlighted Cobalt Community, which includes Infosys employees, customers, cloud partners, and start-ups, an expanding ecosystem of technology and innovation hubs that give Infosys the ability to deliver faster time to market for its global clients. IDC MarketScape further recognized the role of Infosys' Cloud Managed Services in enhancing resilience and agility of its clients' IT ecosystem on the cloud.

The assessment highlighted Infosys' strengths in the following areas:

  • Infosys showcased strength in migration and modernization of applications to the cloud using managed multicloud services.
  • Infosys also exceeded market averages in using managed multicloud services for blockchain on public clouds (spanning IaaS, PaaS, and/or SaaS) as well as for its total number of centers of excellence (COEs)/labs (physical locations) to support these services.
  • From a business perspective, Infosys exceeded market standards in the share of worldwide managed multicloud services business generated from applications (e.g., ERP, SCM, CRM) and applications development/deployment using multicloud environments along with the share of managed multicloud services business generated from its own sales resources.
  • Finally, Infosys exceeded the industry standard for its client retention rate and was highly rated by customers for cost savings' effectiveness.

"With the breadth of its managed multicloud services resources, Infosys is positioned to help clients with their cloud strategies as well as ensure that enterprises can meet the demands of a hyperdynamic market and increasing need to ensure business resilience," said David Tapper, Program Vice President, Outsourcing and Managed Cloud Services, IDC. "In supporting enterprises with their multicloud requirements, clients indicate that Infosys can meet SLAs, deliver cost-effective solutions, enable access to full array of public cloud providers, and provide business and technology expertise."

Narsimha Rao Mannepalli, Executive Vice-President, Head of Cloud & Infrastructure Solutions, Infosys, said, "We are delighted to be recognized as a Leader in the IDC MarketScape 2021 for Worldwide Managed Multicloud Services. This is an acknowledgement of our strong capability in this space, and our focus on a customer-centric approach. Leveraging our Cobalt portfolio, deep contextual knowledge, rich partner ecosystem and industry expertise across verticals, we will continue to support our clients grow their business with speed, scale, and agility."

To read this report, please visit: https://www.infosys.com/services/cloud-cobalt/analyst-reports/leader-worldwide-managed-multicloud-services2021.html

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 10:09:06 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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Mohit Joshi President
Nilanjan Roy Chief Financial Officer
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