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GARTNER, INC.

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Gartner : Infosys Recognized as a Leader in 2021 Gartner Magic Quadrant for Oracle Cloud Applications Services, Worldwide

09/24/2021 | 08:51am EDT

Positioning based on Infosys' completeness of vision and ability to execute.

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that Gartner Inc. has positioned Infosys as a Leader in its Magic Quadrant for Oracle Cloud Applications Services 2021, Worldwide, for the second consecutive year.

As per Gartner, 'Oracle has a 'cloud first' product development strategy and is no longer actively selling new installations of on-premises application software. Oracle expects 60% to 70% of its on-premises customers to have moved some portion of their current Oracle applications to Oracle Cloud Applications by the end of 2023.'

For the report, global capabilities of 18 Oracle Cloud vendors were assessed on two criteria - completeness of vision and ability to execute. According to Gartner, 'Leaders are performing well today, gaining traction and mind share in the market; they have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.'

Dinesh Rao, Executive Vice President and Global Head - Enterprise Application Services, Infosys said, 'In our view, this recognition is a testament to our strengths and capabilities in the Oracle Cloud Application Services domain. Our strategic investments in creating industry and domain solutions, global innovation hubs, delivery centres, and talent pool have played a significant role in bolstering our market positioning. By harnessing our Cobalt offerings, we have been able to successfully deliver Oracle Cloud applications-powered solutions for clients across industries. We believe that being acknowledged as a Leader further propels us to help transform businesses into resilient live enterprises.'

Infosys Oracle Cloud solutions, part of Infosys Cobalt, helps enterprise transform to a live enterprise by empowering them to deliver a holistic experience and build responsive value chains across their ecosystem with democratized innovation and intuitive decisions that drive business agility and sustainability.

To read more about the report, please visit here.

Gartner, Magic Quadrant for Oracle Cloud Application Services, Worldwide, Katie Gove, Denis Torii, Akshit Malik, Gunjan Gupta, Alan Stanley, 24 May 2021.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and MAGIC QUADRANT are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over 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.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
GARTNER, INC. 0.31% 311.28 Delayed Quote.93.71%
INFOSYS LIMITED 0.38% 1715.75 Delayed Quote.36.63%
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Financials (USD)
Sales 2021 4 617 M - -
Net income 2021 691 M - -
Net Debt 2021 1 371 M - -
P/E ratio 2021 38,9x
Yield 2021 -
Capitalization 26 038 M 26 038 M -
EV / Sales 2021 5,94x
EV / Sales 2022 5,14x
Nbr of Employees 15 600
Free-Float 49,8%
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Average target price 314,57 $
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Eugene A. Hall Chief Executive Officer & Director
Craig Warren Safian Chief Financial Officer & Executive Vice President
James C. Smith Non-Executive Chairman
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William Otto Grabe Independent Director
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