PR85172

Bengaluru, India, August 18, 2020 /PRNewswire=KYODO JBN/ --

Infosys[https://www.infosys.com/] (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 May 2020 Magic Quadrant for

Oracle Cloud Applications Services, Worldwide. We consider this positioning by

Gartner as validation of our capacity to deliver and carry out tech-powered

Oracle cloud application solutions for large, global clients in a

cost-effective and bundled manner.

For the report, Gartner evaluated 19 service providers on two primary criteria

– completeness of vision and ability to execute. According to the report, the

vendors who are positioned as 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, EVP and Global Head – Enterprise Application Services, Infosys

said, "From our view, this recognition reflects our commitment towards driving

customer success and continued excellence in delivering Oracle cloud

application services. Leveraging our unique solutions, global innovation hubs

and a creative pool of talent, we have been delivering tangible results for our

clients across industries. We believe that being acknowledged as a Leader in

Gartner's Magic Quadrant validates the investments we have made to help

transform our clients to resilient live enterprises."

"At Harmonic, we had a critical and complex Agile implementation ahead of us

which required a partner with global reach, proven industry capability and

continuous investment in innovation. With Infosys' rich experience in

multifunction transformation, framework-driven approach, and superlative tools

and accelerators, we were able to successfully carry out the implementation in

record time. We look forward to our continued partnership with Infosys as we

prepare to accomplish many more milestones," said Santhosh Kumar, VP IT

Applications & PMO, Harmonic Inc.

Kim Nicolaus, NGPS' Program Director & Digital Transformation Director at DNV

GL (Business Assurance) commented, "The implementation of NGPS (Next Generation

Production System) is a critical milestone in the digitisation journey of the

Business Assurance unit of DNV GL, unbundling our various business processes

into the Oracle Cloud suite. Infosys partnered with us on this challenging

journey, supporting us with the integration of more than 7 applications and

systems, across more than one hundred countries serving over 100,000 customers.

Together we deployed NGPS within time, resulting in a smooth transition and

positive outcome for our digital transformation programme."

A complimentary copy of the Magic Quadrant for Oracle Cloud Applications

Services, Worldwide report can be accessed here[

https://www.infosys.com/services/oracle/insights/leader-oracle-cloud-applications-services2020.html#rfs].

Gartner Disclaimer

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 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 merchant ability or fitness for a particular purpose.

About Infosys Ltd.

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.

Visit www.infosys.com to see how Infosys (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, 2020. 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.

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Source: Infosys