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    INFY   INE009A01021

INFOSYS LIMITED

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Infosys : to Implement its Cobalt-powered IaaS Solution for Select Portfolio Servicing Inc. in Collaboration with Hitachi Vantara

07/29/2021 | 06:07am EDT
Infosys to Implement its Cobalt-powered IaaS Solution for Select Portfolio Servicing Inc. in Collaboration with Hitachi Vantara

Bengaluru, India - July 29, 2021

Infosys (NSE, BSE, NYSE: INFY), the global leader in next-generation digital services and consulting, today announced the renewal of its strategic collaboration with Select Portfolio Servicing Inc. (SPS) to implement its Cobalt-powered infrastructure as a service (IaaS) solution in collaboration with Hitachi Vantara. Through this engagement, Infosys will offer SPS next generation hybrid cloud, infrastructure services, and application services for the next five years.

As SPS' strategic partner, Infosys will leverage its Cobalt portfolio to design, build, operate, and automate a robust and resilient private cloud infrastructure as a service with on-demand flexibility and scalability. Furthermore, Infosys intends to implement hybrid cloud to maximize data centre flexibility underpinned by enhanced disaster recovery and security posture.

Murali S. Palanganatham, Chief Information Officer at Select Portfolio Servicing, Inc. stated, 'We have forged a strong collaboration with Infosys over the years, which has enabled us to leverage a repertoire of services & capabilities encompassing Application development, IT operations, IaaS, SaaS and Security. By resorting to Infosys' Cobalt solutions and leveraging their expertise in integrated infrastructure, applications, IT operations and services, we intend to continuously scale, increase performance, enhance flexibility of our technology ecosystem, and streamline IT operations, augmented by automation.'

Narsimha Rao Mannepalli, Executive Vice-President, Head of Cloud & Infrastructure Solutions, Infosys said, 'Being future-ready is key to survive and compete in the current business environment. We are excited to extend our collaboration with SPS and explore new avenues for leveraging our Cobalt portfolio to address a range of technology needs on-demand in an efficient, timely, and agile manner.'

Mark Ablett, Chief Revenue Officer, Hitachi Vantara said, 'We are thrilled to utilize our EverFlex infrastructure as-a-service offering in partnership with Infosys to design and operate a modern and resilient hybrid cloud transformation for SPS's regulated financial workloads. The ability to deliver a flexible consumption model for new storage and data services will enable SPS to innovate at scale and quickly address the needs of their growing customer base.'

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.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

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, 2021. 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.

Media contacts:

For further information, please contact:PR_Global@infosys.com

Disclaimer

Infosys Limited published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 10:06:03 UTC.


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Sales 2022 1 185 B 16 074 M 16 074 M
Net income 2022 221 B 2 997 M 2 997 M
Net cash 2022 305 B 4 145 M 4 145 M
P/E ratio 2022 32,1x
Yield 2022 1,90%
Capitalization 7 201 B 97 759 M 97 716 M
EV / Sales 2022 5,82x
EV / Sales 2023 5,10x
Nbr of Employees 267 953
Free-Float 84,8%
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Mean consensus BUY
Number of Analysts 36
Last Close Price 1 687,85 INR
Average target price 1 811,36 INR
Spread / Average Target 7,32%
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Managers and Directors
Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi Co-President
Ravi Kumar S. Co-President & Deputy Chief Operating Officer
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
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