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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 Gartner« Magic Quadrant™ for IT Services for Communications Service Providers 2021, Worldwide

12/09/2021 | 05:22am EST
Infosys positioned as a Leader in Gartner® Magic Quadrant™ for IT Services for Communications Service Providers 2021, Worldwide

Bengaluru, India - December 09, 2021

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, has been positioned as a Leader in Gartner Magic Quadrant for IT Services for Communications Service Providers 2021, Worldwide. Infosys has been recognized for its ability to execute and completeness of vision in this space.

Infosys with its deep domain expertise and experience leverages the Infosys Innovation Network (IIN), Living Labs, integrated platforms/solutions/products and its global alliances and partner ecosystem to help Communications Service Providers (CSPs) in their journey towards digital transformation. Infosys is helping CSPs stay relevant and resilient in these unprecedented times by using its key solutions like Applied AI and Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey.

Anand Swaminathan, Executive Vice President & Global Industry Leader - Communications, Media and Technology at Infosys said, "Enterprises Globally are digitizing their applications with strong focus on business resiliency as well. We believe that our placement as a Leader in Gartner Magic Quadrant report is a testament to the relentless focus we have on our clients' journey to becoming more competitive and disruptive. Such recognitions strengthen our position and reaffirm our commitment to deliver the best in class IT cloud services to CSPs globally. With the advent of newer areas like Open Networks, and fast developing maturity in AI and 5G, we are excited about what the future holds for us as we work even closer with our clients and ecosystem of partners."

Disclaimer: Gartner, Magic Quadrant for IT Services for Communications Service Providers, Worldwide, Jouni Forsman, Amresh Nandan, 15 September 2021.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Infosys Ltd.

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 contact PR_Global@infosys.com

Disclaimer

Infosys Limited published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 10:21:04 UTC.


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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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Mean consensus BUY
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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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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