BENGALURU, India, May 13, 2020 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, has been selected by GLOBALFOUNDRIES® (GF®), the world's leading specialty foundry, as its partner for the company's Digital Transformation program. Through this partnership, Infosys will provide expertise and analytical solutions to optimize the overall efficiency and agility of GF's manufacturing and business operations.
The partnership will enable GF to seamlessly transform its legacy solutions and adopt advanced cloud capabilities to rationalize existing workloads, thereby realizing GF's digital strategy through process automation while achieving lower cost of ownership and ensuring compliance requirements. It will also help GF derive value and insights from the data generated across its globally dispersed operations. GF will leverage Infosys' domain expertise and industry experience to transform and optimize GF's IT assets to scale its digital capabilities. Infosys will also enable GF's internal teams with next-gen digital skills to help co-deliver great user experiences across the enterprise.
Anand Swaminathan, EVP and Global Industry Leader - Communications, Media and Technology, Infosys, said, "Together with GlobalFoundries we are embarking on an industry leading digital transformation program. By harnessing the power of private and public cloud, we will assist GlobalFoundries in transforming their manufacturing and corporate operations to deliver more value to their clients while lowering cost of ownership. We are excited to partner with them on this digital leadership program which we believe will set a new benchmark for the industry."
Thomas Weber, SVP Global Supply Chain and Integrated Manufacturing Information Technology, GlobalFoundries, said, "As the leading specialty foundry, with a global footprint, we are committed to accelerating our digital transformation to differentiate and create more value for our clients. Partnering with Infosys will equip our teams with next-gen skills and accelerate our transformation journey through automation and innovation."
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.
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, 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.