BENGALURU, India, Jan. 29, 2020 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in next generation digital services and consulting has been named a 'Leader' in Gartner's Magic Quadrant for IT Services for Communications Service Providers, Worldwide. Infosys was recognized for its ability to execute and completeness of vision.
Gartner defines Leaders as those who are "suited for most ITS-CSP engagements. They are market- leading in several digital business transformation capabilities." Gartner's report Magic Quadrant for IT Services for Communications Service Providers, Worldwide evaluated 13 global vendors on their ability to execute, along with completeness of vision.
For more than two decades, Infosys has helped over 50 global telcos including cable, mobile virtual network operators, and media and entertainment companies navigate their transformation journeys. Our deep domain expertise and rich experience has guided telcos to drive network modernization and service differentiation while repositioning them as digital service providers. Infosys leads this evolutionary journey by combining dedicated Centers of Excellence, a global partner ecosystem, and our 5G Living Labs to incubate new services, introduce innovative business models, and deploy advanced technologies such as edge computing and network slicing.
Anand Swaminathan, Executive Vice President - Global Head of Communications, Media & Technology at Infosys, said, "Enhancing customer experience is the primary goal of service providers. Infosys, with its reach across the value system can act as a digital ecosystem integrator connecting the companies to derive the best results. Being recognized as a Leader by Gartner for IT Services for Communication Services Providers, Worldwide validates our commitment to provide improved customer experiences for our clients."
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With over three 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.
Certain statements mentioned in this presentation 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, 2019. 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.