According to Brand Finance, year-on-year brand value for Infosys grew from $7.1bn to $8.4bn, and an upward jump of 72 ranks
BENGALURU, India, Jan. 27, 2021 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, announced that it has been recognized as the fastest growing among the top ten IT services brands of 2020, by Brand Finance, the world's leading brand valuation firm, in its 2021 Global 500 report. The brand valuation summarizes three years of significant brand growth for Infosys, marked by over 29% increase in its brand value over three years, bringing it to $8.4bn in 2020, and positioning it among the Top 5 brands in IT services globally throughout this period.
"The execution of our 'Navigate your Next' strategy, over the last three years, has strengthened the brand, positioning Infosys as the industry's leading digital services provider," said Salil Parekh, Chief Executive Officer, Infosys. "Continued strategic investments in building differentiating digital capabilities along with increased sales and marketing effectiveness have amplified our ability to grow in client relevance and deepen partnerships with global businesses.
"Infosys is exemplary in the way the company is investing in building its brand strength, evidenced by its brand value that is growing faster than its peers and moving it higher in ranking among the top five global IT Services brand," said David Haigh, CEO, Brand Finance. "This growth has been consistent over the past three years driven by clearly deepening client relationships, and a drive to create holistic value for all stakeholders – including employees and the communities in which Infosys operates."
This recognition from Brand Finance stands testimony to the evolution of Infosys, over the last three years, into a leading digital services brand. On the one hand, the company has digitally transformed its own infrastructure for learning, employee engagement, collaboration, and to empower developers to build rapidly. On the other hand, Infosys launched new client-relevant digital brands like Infosys Cobalt - the cloud services, platforms and solutions portfolio. Continuous investments in building new digital capabilities and brand differentiation, by leveraging the power of AI, analytics and cloud, has helped Infosys strengthen both business and brand equity. Brand Finance's acknowledgement comes on the back of several prestigious marketing awards for Infosys including recognition as a 2020 'Top Employer' in Australia, Singapore, France, Germany, Switzerland, The Netherlands and the United Kingdom. Infosys USA has been certified as Great Place to Work for excellence in its employment practices.
Infosys brand also delivers on its corporate social responsibility with diligence and is fully committed to its purpose to create sustainable opportunities for people, businesses and communities that it works with. By reiterating its commitment to Environment, Social and Governance causes, in announcing its ESG 2030 vision in 2020, Infosys has further expanded its value creation.
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.
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.