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Georgia-Pacific to Implement Infosys' Supply Chain Visibility and Collaboration Solution to Drive Sourcing and Procurement Performance.
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue forecast — a sign the worst may be over for India's software services industry after being hard hit by the global downturn.
FREMONT, Calif. and BANGALORE, India, Sept. 21 /PRNewswire-FirstCall/ -- Infosys Technologies Limited (Nasdaq: INFY) has been named a 2008 Partner in Progress for Sears Holdings Corporation. Infosys received the award for superior information technology services and outstanding client support.
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Infosys offers outsourced application and infrastructure, enterprise, research and development, consulting, and business process outsourcing services.
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FREMONT, Calif., Nov 19, 2009 /PRNewswire-FirstCall via COMTEX/ --
Infosys Technologies Limited (Nasdaq: INFY) today announced it has signed a contract with Georgia-Pacific LLC (Georgia-Pacific), a forest and consumer products company, to implement its Supply Chain Visibility and Collaboration Suite.
The project will involve deploying an Enterprise Procurement Data Warehouse that will provide standard and ad-hoc reporting, dashboard and scorecard capabilities to aid procurement professionals with a focus on contract adherence, faster time to market, and lower cost of ownership. The aim of deploying the Procurement Solution from Infosys' Supply Chain Visibility and Collaboration Suite is to reduce Georgia-Pacific's sourcing cycle time and leakages in procurement spend through better monitoring, compliance and governance mechanisms.
"We chose Infosys to assist in the implementation of the Supply Chain Visibility and Collaboration Suite because we viewed their solution as the best fit to help solve both our business and technical reporting needs," said Steve Bakalar, Vice President - IT, Georgia-Pacific.
The Procurement Solution is built on top of a core platform built with Microsoft technologies and leverages the latest in performance management, analytics, collaboration and event-based management. The solution empowers procurement professionals to manage the organization's direct and indirect spend by providing visibility to performance metrics data, enabling superior decision making capabilities, and improving associated processes.
"As a company with large strategic sourcing and procurement operations, Georgia-Pacific is looking to Infosys to provide an enterprise-level solution for spend analysis," said Sandeep Dadlani, Vice President Retail-CPG, Infosys Technologies. "The Supply Chain Visibility and Collaboration Suite is designed to do just that -- provide procurement officers with greater visibility into spending, improve collaboration and enhance performance."
More information can be found at Infosys' Supply Chain Visibility & Collaboration Suite website: http://www.infosys.com/supply-chain/offerings/supply-chain-visibility.asp and the Infosys-Microsoft online Supply Chain Center of Excellence: http://www.nextgenerationsupplychains.com/
About Infosys Technologies Limited
Infosys (Nasdaq: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 105,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com.
About Georgia-Pacific
Headquartered at Atlanta, Georgia-Pacific is one of the world's leading manufacturers and marketers of building products, tissue, packaging, paper, cellulose and related chemicals. The company employs more than 45,000 people at approximately 300 locations in North America, South America and Europe. The familiar consumer tissue brands of Georgia-Pacific Consumer Products LP include Quilted Northern(R), Angel Soft(R), Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R), So-Dri(R) and Vanity Fair(R). Dixie Consumer Products LLC, a Georgia-Pacific company, manufactures the Dixie(R) brand of tabletop products. Georgia-Pacific has long been among the nation's leading manufacturers and suppliers of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers, with brands such as Plytanium(R) plywood, DryPly(R) water repellent plywood, Ply-Bead(R) panels and Wood I Beam(TM) joists offered by Georgia-Pacific Wood Products LLC and DensArmor Plus(R) interior drywall, DensGlass(R) Sheathing and ToughRock(R) wallboard offered by Georgia-Pacific Gypsum LLC. For more information, visit www.gp.com.
Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2009, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
For further information please contact:
The Americas
Peter McLaughlin
Infosys Technologies Ltd, US
Phone: +1 213 622 4949, Ext 206
Peter_McLaughlin@infosys.com
Australia
Cristin Balog
Infosys Technologies Ltd, Australia
Phone: +61 3 9860 2277
Cristin_Balog@infosys.com
Asia Pacific
Sarah Vanita Gideon
Infosys Technologies Ltd, India
Phone: +91 80 4156 4998
Sarah_Gideon@infosys.com
EMEA
Antonia Maneta
Infosys Technologies Ltd, UK
Phone: +44 0 207 715 3499
Antonia_Maneta@infosys.com
SOURCE Infosys Technologies Limited
http://www.infosys.com
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Companies: Infosys Technologies Ltd. (INFY)
Nov 12, 2009 (SmarTrend(R) Spotlight via COMTEX) --
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Companies: Infosys Technologies Ltd. (INFY)
Nov 11, 2009 (Fresh Brewed Media via COMTEX) --
Infosys Technologies (NasdaqNM: INFY) hit a new 52-Week high of $50.46 so far today. Currently the stock is up $1.93 (4.00%) to $50.16 on 848,445 shares traded. Today's high is up $29.06 from a 52-Week Low of $21.10. Infosys Technologies stock has been showing support around $47.93 and resistance in the $48.51 range. Technical indicators for the stock are neutral and S&P gives INFY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on INFY the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 45 range.
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Companies: Infosys Technologies Ltd. (INFY)
Nov 11, 2009 (Datamonitor via COMTEX) --
Indian IT services vendor Infosys Technologies has opened the company's second Latin American Development Center in Monterrey, Mexico, to offer global, near-shore, and Latin American clients a full range of information technology services.
The company said the center will offer business and IT consulting, business process outsourcing, packaged solutions implementation and infrastructure management. The center will be managed by its subsidiary Infosys Technologies S. De R.L. De CV. Both the Monterrey facilities will help the company serve clients primarily in North America, Latin America and Europe with bilingual talent in an agreeable time zone and close proximity.
The center also strengthens the company's global delivery model capabilities with similar centers in the Czech Republic, Poland, Thailand, Philippines, China, Australia and India.
Ashok Vemuri, senior vice president at Infosys Technologies, said: "From our first development center opening with a few clients and a dozen employees, we now have some 30 clients and 330 professionals. Our public-private partnership with the city of Monterrey and the government of Nuevo Leon, Mexico demonstrates that such unions create opportunities for the city's very talented new graduates from local universities."
In June, the Economic Times reported that Infosys was planning to set up a software development and back-office center in Brazil later this year.
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Companies: Infosys Technologies Ltd. (INFY)
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Our experience suggests that Enterprise Architecture (EA) governance determines the impact of the architecture team to a great degree. We describe and manage EA governance along six dimensions.
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