Infosys Technologies

By: EconomyWatch   Date: 17 July 2010

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Infosys Technologies is a next generation information technology (IT) company offering software solutions and consultation. Infosys Technologies Limited has been ranked #1012 in Forbes Global 2000 list of companies.
Infosys Technologies works towards providing best business solutions using technology. It hopes to achieve its goals in an environment of courtesy, fairness and honesty to customers, employees, shareholders, and vendors. In its endeavor for excellence, Infosys is certified with ISO 9001-2000, TL 9000, PCMM Level 5, CMM Level 5, and SEI-CMMI Level 5. Their BPO division was certified eSCM level 4.0 in 2007.

Brief history
Infosys was set up in 1981. It is a NASDAQ listed IT services company having over 90,000 employees on its rolls. Starting off with a capital of $250, it has evolved into a $4 billion organization with a market capitalization of greater than $20 billion. Originally established in Pune, they shifted their headquarters to Bangalore. In 1987 this company established its first overseas office in Boston, USA. Their first European office was opened in United Kingdom in 1995.

In 1999, revenue of Infosys reached $100 million, and in 2000 it crossed $200 million. In 2001, Infosys doubled its revenue to $400 million. By 2001 this company had offices in France, Hong Kong, Argentina and United Arab Emirates (UAE), and development centers in US, UK, Canada and Japan. In another 2 years, Infosys started operations in Singapore, Netherlands, Switzerland, China and Australia.

Products and services
Infosys offers, in alliance with leading technology providers, total solutions based on business expertise in varied domains. Based on their knowledge and expertise, Infosys provides services in fields of application, consulting, product engineering, system integration, customized software development, IT engineering services, re-engineering, maintenance, technology consulting, and business process outsourcing.

Global delivery model initiated by Infosys Technologies is essentially a practice of taking work to locations where the best talent is available for completing an assigned task. It involves least risk and maximum returns. This practice has enabled Infosys to set up offices in Australia, Poland, Czech Republic, Japan, Canada, and UK in addition to India. In all, this company has 40 offices and development centers in worldwide locations. Infosys takes pride in getting almost 97 percent of its revenue from existing clients.

Financials
Infosys as on March 2008 earned profits of around $0.89 billion and sales of about $3.21 billion. Total asset worth of this firm was nearly $3.08 billion in corresponding period.


Awards and recognition
Notable awards won by Infosys include:
  • “Sharpening Brand and Competitive Differentiation Marketing Excellence Award” presented by Information Technology Services Marketing Association;
  • “Innovative Outsourcing Project of the Year 2007” awarded by National Outsourcing Association;
  • “Global Six Sigma” awarded in 2008.

Current financial crisis
Global financial crisis is expected to curtail growth rate of Infosys Technologies during April 2008-Mar 2009 financial period. As major clients of this firm hail from banking and financial services sector, global financial crisis is expected to have an adverse impact on Infosys' profits.


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