Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services today announced that Gartner, Inc. has positioned Infosys as a Leader in its Magic Quadrant for Oracle Application Services, Worldwide (Europe, Middle East and Africa, North America and Asia Pacific).
The Gartner Magic Quadrant assessed 19 leading Oracle application service providers with the full cycle of Oracle application services, from project-based implementation to multi-year application management services (AMS). Gartner’s Magic Quadrant also evaluated these service providers for their ability to deliver to clients a comprehensive set of implementation and management services across Oracle’s portfolio of products.
As an Oracle Cloud Elite partner, Infosys is also helping its clients reimagine their business through next-generation digital solutions, making them agile and connecting them with their value chain. The focus on innovation, industrialization and automation is driving newer levels of efficiencies across verticals.
Ravi Kumar, President and Deputy Chief Operating Officer, Infosys, said, “We believe, being recognized as a Leader in Gartner’s Magic Quadrant for Oracle Application Services strengthens our capability as a leading digital transformation partner for our clients, helping them succeed in a digital economy. We have been closely associated with Oracle as their development and testing partner, and this recognition from Gartner is testimony to our efforts in becoming an industry leader.”
Richard Walsh, Director Financial Systems, MFS Investment Management, said, “Infosys did a great job implementing our Oracle Profitability and Cost Management Project in Oracle Cloud. This helped us improve performance, trace allocations and enable frequent and efficient profitability cycles. We congratulate Infosys in leading Gartner’s Magic Quadrant for Oracle Application Services and recommend Infosys as an implementation partner.”
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Source: Gartner, Magic Quadrant for Oracle Application Services, Worldwide, Alan H Stanley et al, 28 February 2018
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, 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, 2017. These filings are available at http://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.