BANGALORE and KARLOVAC, Croatia, April 24, 2017 /PRNewswire/ --
New facility to provide research and development service delivery and engineering services capabilities
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced it is strengthening its engineering footprint in Eastern Europe by opening its first office and delivery center (DC) in Karlovac, Croatia.
In line with the company's strategy to establish global competency centers, offering the best talent in the market and making it available to customers globally, this DC also marks our expansion into Eastern Europe's established heavy engineering sector. The new facility will meet near-shoring requirements, support engineering clients worldwide, as well as offer R&D services.
Speaking at the opening ceremony, the Secretary of State, Mario Antonić, emphasised how Infosys' strategy to enhance its footprint in the region's established engineering sector is a testament to the local expertise, and by bringing this to organisations across the globe, Infosys DC will also contribute to the growth of research and development activities in Croatia.
Ravi Kumar S., President and Deputy Chief Operating Officer, Infosys:
"As part of our strategy to increase geo capabilities, the Karlovac delivery center will deliver value to our global clients, specifically in the Nordics. The focus will be on consolidating consulting, IT and engineering skills in the areas of power generation, design and development of large gas and steam turbines, digital solutions for service and maintenance, and development of advanced engineering software tools. As we continue to invest in developing global competency centers, tapping local talent and scaling those centers, we will be looking to partner with local academic institutions, co-innovate with clients and nurture a partner ecosystem to help develop skilled workforce that will deliver next-generation services."
The Karlovac facility in Croatia is the latest location across 16 regions in Europe which Infosys has opened as part of its ongoing commitment to client servicing and local job creation.
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 over 200,000 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 any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.