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18.08.2020 – 11:57

INFOSYS

Infosys Positioned as a 'Leader' in Gartner's 2020 Magic Quadrant for Oracle Cloud Applications Services, Worldwide

Bengaluru, India (ots/PRNewswire)

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that Gartner Inc. has positioned Infosys as a Leader in its May 2020 Magic Quadrant for Oracle Cloud Applications Services, Worldwide. We consider this positioning by Gartner as validation of our capacity to deliver and carry out tech-powered Oracle cloud application solutions for large, global clients in a cost-effective and bundled manner.

For the report, Gartner evaluated 19 service providers on two primary criteria - completeness of vision and ability to execute. According to the report, the vendors who are positioned as Leaders are "performing well today, gaining traction and mind share in the market; they have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market."

Dinesh Rao, EVP and Global Head - Enterprise Application Services, Infosys said, "From our view, this recognition reflects our commitment towards driving customer success and continued excellence in delivering Oracle cloud application services. Leveraging our unique solutions, global innovation hubs and a creative pool of talent, we have been delivering tangible results for our clients across industries. We believe that being acknowledged as a Leader in Gartner's Magic Quadrant validates the investments we have made to help transform our clients to resilient live enterprises."

"At Harmonic, we had a critical and complex Agile implementation ahead of us which required a partner with global reach, proven industry capability and continuous investment in innovation. With Infosys' rich experience in multifunction transformation, framework-driven approach, and superlative tools and accelerators, we were able to successfully carry out the implementation in record time. We look forward to our continued partnership with Infosys as we prepare to accomplish many more milestones," said Santhosh Kumar, VP IT Applications & PMO, Harmonic Inc.

Kim Nicolaus, NGPS' Program Director & Digital Transformation Director at DNV GL (Business Assurance) commented, "The implementation of NGPS (Next Generation Production System) is a critical milestone in the digitisation journey of the Business Assurance unit of DNV GL, unbundling our various business processes into the Oracle Cloud suite. Infosys partnered with us on this challenging journey, supporting us with the integration of more than 7 applications and systems, across more than one hundred countries serving over 100,000 customers. Together we deployed NGPS within time, resulting in a smooth transition and positive outcome for our digital transformation programme."

A complimentary copy of the Magic Quadrant for Oracle Cloud Applications Services, Worldwide report can be accessed here.

Gartner Disclaimer

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 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.

About Infosys Ltd.

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly 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 (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, 2020. 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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