NEW YORK, Feb. 25, 2021 /CNW/
-- Infosys (NYSE: INFY), a global leader in
next-generation digital services and consulting, today announced
its commitment to add 300 American workers in Pennsylvania in continuation of its overall
hiring plan in the U.S. The company, known for building
leading-edge digital capabilities and training the next generation
of global talent, will recruit for a range of opportunities across
technology and digital services, client administration, and
operations as it expands its new Retirement Services Center of
Excellence (the Center).
"My administration welcomes Infosys to Pennsylvania, and looks forward to the growth
and success of its new Retirement Services Center of Excellence in
Chester County," said
Pennsylvania Governor
Tom Wolf. "Our commonwealth is
known worldwide for its leadership in technology and innovation,
and Infosys's expansion is a testament and welcome addition to that
legacy. The company's commitment to supporting the local workforce
will provide new opportunities to the region, and we are proud that
this international company has selected Pennsylvania as a place to settle, grow, and
expand."
"We are committed to growing Infosys' footprint in the financial
services space in the U.S. Our Retirement Services Center in
Pennsylvania is one example of how
we realize this aspiration," said Mohit
Joshi, President at Infosys. "This Center will
focus on technology and innovation that will enable the retirement
industry to navigate its way to lower costs, enhanced experiences,
and better outcomes for retirement savers."
The Center will develop technology solutions and services to
help firms capitalize on the opportunities emerging at the
intersection of employee benefits, wealth management, and digital
transformation, beginning with a focus on the employee-sponsored
retirement plan experience. The Center was conceived last year
following the partnership forged with Pennsylvania-based investment management firm
Vanguard.
Infosys helps financial institutions, the world over, stay a
step ahead of digital disruption by embracing rapid technology
transformation. The firm serves half of the top 20 retirement
service firms in the U.S., helping them manage risk, improve their
participants' experience, and deliver better outcomes with leverage
from digital solutions.
"Our business model is about finding the best workforce,
training the best workforce, and deploying the best workforce to
enable our clients to thrive," said Martha
King, Executive Vice President and Chief Client Officer at
Infosys. "Southeastern
Pennsylvania, so well-known for its talent, innovation, and
successful enterprise, offers the opportunity for us to strengthen
our workforce on behalf of our clients here in the region and
beyond."
A global organization with nearly 250,000 employees worldwide,
Infosys has rapidly been expanding its hiring of U.S.
workers. In September 2020, the
company announced its commitment to hire an additional 12,000
American workers bringing its total hiring commitment in the U.S.
to 25,000 workers by 2022. In addition, the firm aims to play a
crucial role in building pathways to employment for American
workers, particularly those who have been negatively impacted by
the economic downturn brought about by the COVID-19 pandemic.
For more information, please visit:
https://www.infosys.com/americas/american-innovation/pa.html
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 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 and financial expectations 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 I.T. 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