The expansion exemplifies Infosys' commitment through
continued investments in the Nordics to help clients in the region
accelerate their digital transformation
GOTHENBURG, Sweden,
Dec. 5, 2022 /PRNewswire/
-- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global
leader in next-generation digital services and consulting, today
announced a new proximity center in Sweden. With this investment, Infosys aims to
enhance its localization strategy in the Nordics by bringing
next-generation digital offerings to its clients in the region, as
they navigate the next stage in their digital journeys.
Over the past two decades, Infosys has been steadily growing its
footprint across the Nordics. The new center represents another
step to strengthening the strategic presence in Gothenburg, a major city on the west coast of
Sweden and an emerging automotive,
digital tech and green innovation hub in Europe.
Axel Josefson,
Chairman City Executive Board, Gothenburg said, "We are delighted that
Infosys has chosen the city of Gothenburg for its new proximity center. The
center will bring next generational digital technologies and skills
to the city and Nordic region. Infosys' venture will significantly
contribute to strengthening the internationally renowned technology
cluster we have here at Lindholmen Science Park."
Robin Sukhia, Secretary
General and President, Sweden-India Business Council, said, "We
are very glad to see our member Infosys expanding in Sweden. Opening an office in Gothenburg shows their commitment not only to
the large local industry Gothenburg offers, but also to the Swedish
market and their clients. We are happy to support Infosys in their
continuing journey in Sweden."
Jasmeet Singh, Executive Vice
President and Global Head of Manufacturing, Infosys, said, "We
are thrilled to fortify our presence in the Nordics with the new
center in Gothenburg, Sweden. With
this latest milestone, Infosys is well poised to work ever more
closely with our clients based out of the region and build next-gen
solutions in areas like digital manufacturing, connected products,
and online customer experience. We are confident that by leveraging
the unparalleled combination of local talent and world
class technologies like cloud, IoT, software engineering and
Artificial Intelligence (AI), Infosys can empower clients across
the Nordics to be future ready."
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. With over four decades of experience in managing
the systems and workings of global enterprises, we expertly steer
clients, in more than 50 countries, as they navigate their digital
transformation powered by the cloud. We enable them with an
AI-powered core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, 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 and the US, 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, 2022.
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."
For more information please contact:
Dena Tahmasebi, Director of
Communications EMEA, Infosys: dena.tahmasebi@infosys.com
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