INFORMATION TECHNOLOGY

The Information Technology 100
10
Infosys Technologies
Infosys, India's No. 2 software services exporter, grew nearly 50% in 2004, to $1.59 billion in revenues. And it's well on its way to cross $2 billion this year. Progeon, the unit that manages business processes, is doubling every year and expects to reach $80 million in sales this year. Thrilled investors in India value it more than rival Tata Consultancy Services, which is two-fifths bigger in revenues. Infosys customers are happy too: 19 out of 20 come back to the Bangalore company with repeat orders. Now, Infosys has its eye on China. Of the 12,600 people it will hire this year, nearly 1,000 will be at its Shanghai offices.
Company Info STOCK INFO INFY
Revenues* $1.6 BILLION
Revenue Growth 49.8%
Return on Equity 33.4%
Total Return 75.2%
Profits* $419 MILLION
Industry SERVICES
CORPORATE WEB SITE

All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot
Infosys Technologies Limited provides consulting and information technology services primarily in North America, Europe, and the Asia-Pacific region. Its solutions include custom application development, maintenance and production support, software re-engineering, package evaluation and implementation, and information technology consulting. The company also provides testing services, operations and business process consulting, engineering services, business process management, systems integration, and infrastructure management services. In addition, Infosys Technologies provides software products to the banking industry and business process management services. It also provides business process management services, such as offsite customer relationship management, finance and accounting, and administration, and sales order processing. The company is headquartered in Bangalore, India.
No. of Employees
NA

Nandan M. Nilekani
Bio

Nandan M. Nilekani is one of Infosys Technologies Ltd.'s co-founders and has been a Director since July 1981. Mr. Nilekani is currently Infosys Technologies Ltd.'s Chief Executive Officer, President and Managing Director and Chairman Management Council. Prior to this, Mr. Nilekani served in various capacities with Infosys Technologies Ltd., including Chief Operating Officer and Head of Banking Business Unit. Mr. Nilekani received a Bachelor of Technology in Electrical Engineering from IIT Bombay.



Type Public NASDAQ: INFY
BSE: 500209
Founded July 2, 1981
Headquarters Electronics City, Hosur Road, Bangalore, India
Key people N. R. Narayana Murthy (Founder, Chairman and Chief Mentor)
Nandan Nilekani (Co-founder and Co-Chairman)
Kris Gopalakrishnan (Co-founder, CEO and MD)
S. D. Shibulal (Co-founder and COO)
Industry Software services
Products Finacle (a financial software package for the banking industry)
Services Information technology services and solutions
Revenue $3.1 billion (in FY 2006-07)
Employees 88,601 (As on December 31st, 2007)
Slogan Powered by Intellect, Driven by Values
Website www.infosys.com


Infosys Software Development Center in Pune.

Infosys Technologies Limited (BSE: 500209, NASDAQ: INFY) is a multinational information technology services company headquartered in Bangalore, India. It is one of India's largest IT companies, with nine development centers in India and over 30 offices worldwide. Infosys employs over 88,601 professionals (as of December 31, 2007). Its annual revenues for the fiscal year 2006-2007 exceeded US$3.1 billion with a market capitalization of over US$30 billion.Contents [hide]
1 History
2 Timeline
3 Key industries
4 Initiatives
5 Research
6 Global offices
6.1 Asia Pacific
6.2 North America
6.3 Europe
7 Notes
8 References
9 External links


[edit]
History

Infosys was founded on July 2, 1981 in Pune by N. R. Narayana Murthy and six others: Nandan Nilekani, N. S. Raghavan, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora[1], with Raghavan officially being the first employee of the company. Murthy started the company by borrowing INR 10,000 from his wife Sudha Murthy. The company was incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Matunga, north-central Mumbai as the registered office.

In 2001 it was rated "Best Employer in India" by Business Today,[2]. Infosys won the Global MAKE (Most Admired Knowledge Enterprises) award, for the years 2003, 2004 and 2005, being the only Indian company to win this award and is inducted into the Global Hall of Fame for the same.[3][4]

[edit]
Timeline
1981: Founded.
1983: Moved its headquarters to Bangalore, the capital of Karnataka
1987: First international office in the United States in Fremont, California, now its US headquarters.
1987: Got its first foreign client, Data Basics Corporation from the United States
1993: Became a public limited company in India with an initial public offering of Rs. 13 crores.
1996: First office in Europe in Milton Keynes, UK
1997: Office in Toronto, Canada
1999: Listed on Nasdaq.
1999: Attained a SEI-CMM Level 5 ranking and became the first Indian company to be listed on NASDAQ
2000: Opened offices in France and Hong Kong
2001: Opened offices in United Arab Emirates and Argentina
2002: Opened new offices in Netherlands, Singapore and Switzerland.
2002: Business World named Infosys "India's Most Respected Company".[5]
2002: Started Progeon, its BPO (business process outsourcing) subsidiary[6]
2003: Acquired 100% equity of Expert Information Services Pty Limited, Australia (Expert) and changed the name to Infosys Australia Pty Limited.
2004: Set up Infosys Consulting Inc., U.S. consulting subsidiary in California, U.S.
2006: Became the first Indian company to ring the NASDAQ Stock Market Opening Bell
2006: August 20, N. R. Narayana Murthy retired from his position as the executive chairman[7]
2006: Acquired the 23% stake Citibank had in its BPO offshoot Progeon, making it a wholly owned subsidiary of Infosys and changed the name to Infosys BPO Ltd.[8]
2006: December, became the first Indian company to make it to Nasdaq-100[9]
2007: April 13, Nandan Nilekani stepped down as CEO and made way for Kris Gopalakrishnan to occupy his chair effective June 2007
2007: July 25, Infosys bags multi-million dollar outsourcing contract with Royal Philips Electronics in the area Finance & Accounting services strengthening its European operations.
2007: October, quarterly revenues cross USD 1 billion for the first time. [10]

During the 14-year period from 1993 to 2007, the issue price of an Infosys share has increased three thousandfold. This is excluding the dividends that the company has paid out over this duration.

[edit]
Key industries

Infosys HQ in Bangalore.

Infosys serves various industries through its Industrial Business Units(IBU), such as:
Banking & Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy, Utilities and Services (EUS)
Insurance, Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail, Consumer Product Goods and Logistics (RETL)
New Growth Engines (NGE)
India Business Unit ( IND)

In addition to these, there are Horizontal Business Units (HBUs)
Consulting
Enterprise Solutions (ES)
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
PED (Product Engineering and Development)
PLES (Product Lifecycle and Engineering Services)
IVS (Independent Validation Solutions)
Systems Integration (SI)

[edit]
Initiatives

In 1996, Infosys created the Infosys Foundation in the state of Karnataka, operating in the areas of health care, social rehabilitation and rural uplift, education, arts and culture. Since then, this foundation has spread to the Indian states of Tamil Nadu, Andhra Pradesh, Maharashtra, Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of Chairman Narayana Murthy.

Since 2004, Infosys has embarked on a series of initiatives to consolidate and formalize its academic relationships worldwide under the umbrella of a program called AcE - Academic Entente. Through case study writing, participation in academic conferences and university events, research collaborations, hosting study trips to Infosys Development Centers and running the InStep Global Internship Program, the company communicates with important stakeholders in the academia, recognizing the fact that the message extends beyond campuses, to customers, shareholders, partners and other stakeholders associated with academia.

InStep – Infosys’ Global Internship Program, is one of the key components of the Academic Entente initiative, and offers live, dynamic projects to interns from the top universities around the world. InStep recruits undergraduate, graduate and PhD students from business, technology, and liberal arts universities to take part in an 8 to 24 week internship at one of Infosys’ global offices.

Through InStep, the company leverages the diverse experiences of global talent to bring in fresh ideas and create a more multicultural environment. Interns gain exposure to a flat world company and an international business environment. The skills gained and networks formed over the course of the internship serve as valuable tools for interns in their future career endeavors. It also provides them a chance to explore career opportunities with Infosys.

For more information log on to http://www.infosys.com/InStepWeb/default.htm

In 1997 Infosys started the "Catch them Young Programme", to expose the urban youth to the world of Information Technology by conducting a summer vacation programme. The programme is aimed at developing an interest and understanding of computer science and information technology. This programme is targeted at students in Grade IX level.[11]


In 2002, the Wharton Business School of the University of Pennsylvania and Infosys started the Wharton Infosys Business Transformation Award. This technology award recognizes enterprises and individuals who have transformed their businesses and the society leveraging information technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct.

[edit]
Research

One of the major initiatives taken by Infosys in terms of research was to develop a corporate R&D wing called Software Engineering and Technology Labs (SETLabs). SETLabs was founded in 2000 to carry out applied research for the development of processes, frameworks and methodologies to effectively capture customer requirements and to iron out common critical issues during a project lifecycle.

Infosys publishes a peer-reviewed quarterly journal called SETLabs Briefings which has articles written by the researchers at SETLabs on various current and future business-transforming technology management themes. Infosys has a RFID and Pervasive Computing Technology practice which is providing RFID and wireless services to clients.[12] Infosys along with Motorola developed an RFID interactive mirror for Paxar. [13] [14]

SETLabs has created about five to six frameworks in the domains of business modelling, technology and product innovation. [15]

Many SETLabs researchers blog and speak in international forums. George Eby Mathew is one of SETLabs Researchers who authors two blogs called Guruspeak[16].

[edit]
Global offices

[edit]
Asia Pacific
India: Bangalore, Pune, Hyderabad, Chennai, Bhubaneswar, Mangalore,New Delhi, Mysore, Mohali, Thiruvananthapuram, Chandigarh, Vishakapatnam (proposed) [17]
Australia: Melbourne, Sydney
China: Beijing, Shanghai
Further information: Infosys China
Hong Kong: Hong Kong
Japan: Tokyo
Mauritius: Mauritius
UAE: Sharjah
Philippines: Fort Global City, Taguig

[edit]
North America
Canada: Toronto
USA: Atlanta (GA), Bellevue (WA), Bridgewater (NJ), Charlotte (NC), Southfield (MI), Fremont (CA), Houston (TX), Lake Forest (CA), Lisle (IL), New York, Phoenix (AZ), Plano (TX), Quincy (MA), Reston (VA)
Mexico: Monterrey

[edit]
Europe
Belgium: Brussels
Denmark: Copenhagen
Finland: Helsinki
France: Paris
Germany: Frankfurt, Stuttgart
Italy: Milano
Norway: Oslo
Poland: Lodz
The Netherlands: Utrecht
Spain: Madrid, Burgos
Sweden: Stockholm
Switzerland: Zürich
UK: Canary Wharf, London