BANGALORE, November 8, 2016 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced it has been positioned as a leader among services providers for next-generation Oracle application projects by Forrester Research, Inc.. According to the report titled 'The Forrester WaveTM: Services Providers for Next-Generation Oracle Application Projects, Q3 2016', Infosys emerged as a leader in this evaluation as it continues to invest in Oracle's next generation of solutions.
Forrester evaluated 13 global service providers across 17 parameters grouped in three high-level buckets - current offerings, strategy and market presence. The report acknowledges Infosys for investing aggressively in Oracle's next generation solutions and for having numerous co-innovation initiatives with Oracle, including the smart asset IoT-enabled Service Cloud and HCM Cloud for retail.
Infosys has been also recognized by Oracle with seven of its excellence awards in 2016 for its commitment to deliver innovative, specialized solutions and services based on Oracle software and hardware.
Ravi Kumar, President and Chief Delivery Officer, Infosys
"We believe our ranking in the 2016 services providers for Next-Gen Oracle application projects evaluation in the Forrester Wave is a testimony of our leadership in Oracle Cloud Projects. Our industry knowledge and domain expertise, backed by world-class Oracle Next-Gen technologies, enable us to consistently exceed client expectations and deliver enhanced business value through digital transformation initiatives. We have delivered as much as 50% reduction in effort and cost for our clients using our RapidStart methodology for cloud deployments and by using automation."
"As Oracle grows its cutting-edge solutions, clients need a partner that can go beyond technology implementation. …Forrester evaluated the strengths and weaknesses of top services providers for next-generation Oracle application projects. …Infosys remains a leading choice for Oracle while pivoting to newer Oracle Solutions."
About Infosys Ltd:
Infosys is a global leader in technology services and consulting. We enable clients in more than 50 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 199,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations 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 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, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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, 2016. These filings are available at http://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. In addition, please note that the date of this press release is November 8, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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.