In line with its vision for Building Tomorrow's Enterprise, Infosys Ltd. recently completed its reorganization initiative to address the company's transition into the next generation of global consulting and technology services. This furthers the company's focus to create measurable business value for clients through a combination of transformation, innovation and operation services.
Infosys also announced it has changed its name to Infosys from Infosys Technologies to more accurately reflect the company's evolution over the last 30 years from technology services to business-led consulting and solutions*.
"Organizationally, Infosys has fully integrated its deep industry domain expertise with its award-winning enterprise solutions and technology services to accelerate decision-making and increase solution flexibility for our customers," said S.Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Limited.
The reorganization consolidated and strengthened the Industry Sector Units to have end-to-end capability and global responsibility. This new go-to market approach enables the company to spur revenue growth, innovation and efficiency across the client base, and to address major business trends such as digital consumer, mobility, sustainability and cloud computing. These teams now have full sales and delivery capability and complete client ownership across Infosys offerings.
Infosys is now organized into four Industry Sector Units:
• Financial Services & Insurance - Headed by Ashok Vemuri;
• Energy, Utilities, Communications & Services - Headed by Prasad Thrikutam;
• Manufacturing - Headed by B.G. Srinivas;
• Retail, Consumer Packaged Goods, Logistics and Life Sciences - Headed by Pravin Rao.
To complement the new business unit structure, Infosys has consolidated its service lines and solutions into three Service and Innovation Groups:
• Consulting and Systems Integration comprising consulting, enterprise solutions, systems integration and advanced technologies led by Stephen Pratt;
• Business Operations Services comprising application development and maintenance, independent validation services and infrastructure management led by Chandra Shekar Kakal;
• Products, Platforms and Solutions to accelerate intellectual property led innovation. The head for this offering will be announced soon.
Industry Sector Units will have a practice lead and embedded teams for all of these groups. Each Service & Innovation Group leader will span across units to ensure the over-arching strategy and capability for their offerings is kept best-in-class.
Finacle, BPO and Product Engineering continue to operate as before. Infosys Public Services is a new subsidiary chartered to address US government entities. We have also integrated our healthcare provider portfolio as part of Infosys Public Services. India as our global headquarters domestic market will continue to have its own self-contained regional structure.
"The catalyst for this change has been the continued evolution of our capabilities as we continue to drive the new generation model of global consulting and technology services. The new structure aligns us to the needs of our clients as we build tomorrow's enterprise" continued S. Gopalakrishnan.
*The company name change to Infosys has been effected at the corporate headquarters in India and the process of registering the new name has been initiated globally.
About Infosys Ltd
Many of the world’s most successful organizations rely on the 133,560 people of Infosys to deliver measurable business value. Infosys (infosys.com) provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.
Infosys Safe Harbour
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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, 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, 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, 2011 and on Form 6-K for the quarters ended June 30, 2010, September 30, 2010 and December 31, 2010.These filings are available at 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.