BENGALURU, India, March 7, 2019 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been selected by Rolls-Royce Plc UK, a world leader in engines and propulsion systems, as one of the strategic long-term partners to deliver digital and engineering services.
As part of this engagement, Infosys will leverage its industry-leading turbo machinery and propulsion practice to offer Rolls-Royce best-in-class, end-to-end complex engineering and digital solutions to meet its customers' increasing needs for sustainable energy. Infosys has extensive experience delivering complex programs in aero and land based gas turbines spanning component development, next-generation manufacturing technologies, service engineering, support, testing and validation services.
Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, "We are pleased to be selected as a long-term strategic partner by Rolls-Royce. Through our engineering and digital services, we will support Rolls-Royce to become more productive, agile and innovative. We continue to invest in this exciting industry and in this partnership to support Rolls-Royce navigate the next in its transformation journey."
Kishore Jayaraman, President for India & South Asia at Rolls-Royce, said, "As a leading industrial technology company, our ongoing commitment to innovation is essential to meeting customer and society's needs for sustainable power. Our association with Infosys is a step in this direction as it enables us to increase our technical differentiation in the engineering and digital domain while accelerating cost optimization and competitiveness. Given the successful track record of Infosys in turbo machinery and propulsion engineering services, they are the right partner to support our goals set out in the coming years."
- Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to meet our planet's vital power needs.
- Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
- Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.
- In 2018, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 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 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, 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, 2018. 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. 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.