Infosys: Recognized as a Leader in the 2021 Gartner® Magic Quadrant ™ for Oracle Cloud Applications Services, Worldwide
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that Gartner Inc. has positioned Infosys as a leader in its Magic Quadrant for Oracle Cloud Applications Services 2021 , Worldwide, for the second year in a row.
According to Gartner, “Oracle has a ‘cloud-first’ product development strategy and no longer actively sells new installations of on-premises application software. Oracle expects 60-70% of its on-premises customers to have moved some of their current Oracle applications to Oracle Cloud applications by the end of 2023. ”
For the report, the global capabilities of 18 Oracle Cloud vendors were assessed on two criteria: completeness of vision and ability to execute. According to Gartner, “Leaders are performing well today, gaining ground and gaining a share of the mind in the market; they have a clear vision of the direction of the market and actively develop skills to maintain their leading position in the market. ”
Dinesh Rao, Executive Vice President and Global Head – Enterprise Application Services, Infosys said, “We believe this recognition is a testament to our strengths and capabilities in the Oracle Cloud Application Services arena. Our strategic investments in building industry and domain solutions, global innovation centers, delivery centers and talent pools have played an important role in strengthening our market positioning. By leveraging our Cobalt offerings, we have been able to successfully deliver Oracle Cloud application-based solutions to customers across industries. We believe that being recognized as a leader propels us further to help transform businesses into vibrant, resilient businesses. ”
Infosys Oracle Cloud solutions, part of Infosys Cobalt, help businesses transform into a real business by enabling them to deliver a holistic experience and create responsive value chains in their ecosystem with democratized innovation and intuitive decisions that promote business agility and sustainability.
To learn more about the report, please visit here.
Gartner, Magic Quadrant for Oracle Cloud Application Services, Worldwide, Katie Gove, Denis Torii, Akshit Malik, Gunjan Gupta, Alan Stanley, May 24, 2021.
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Infosys is a global leader in next-generation digital services and consulting. We enable clients in over 50 countries to navigate their digital transformation. With over four decades of experience managing the systems and operations of global businesses, we expertly support our clients throughout their digital journey. We do this by giving the business an AI-powered heart that helps prioritize change execution. We’re also empowering the business to use agile digital at scale to deliver unprecedented levels of performance and customer satisfaction. Our lifelong learning program promotes their continuous improvement by developing and transferring digital skills, expertise and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your business navigate your next one.
Certain statements in this release regarding our future growth prospects, financial expectations, and plans to manage the impact of COVID-19 on our employees, customers and stakeholders are forward-looking statements intended to qualify for the Safe Harbor. Under the Private Securities Litigation Reform Act. 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those shown in these forward-looking statements. The risks and uncertainties associated with these statements include, but are not limited to, the risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks associated with an economic slowdown or recession in India. , in the United States and other countries of the world, changes in political, business and economic conditions, fluctuations in profits, fluctuations in exchange rates, our ability to manage growth, intense competition in IT services, including factors which may affect our cost advantage, salary increases in India, our ability to attract and retain highly qualified professionals, time and cost overruns on fixed price and term contracts, customer concentration, immigration restrictions, concentration of industrial segments, our ability to manage our international operations, the r eduction of demand for technology in our key areas of intervention, disruption in telecommunications networks or system failures, our ability to complete and successfully integrate potential acquisitions, liability for damages on our contracts of service, the success of companies in which Infosys has made strategic investments, the withdrawal or expiration of government tax 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 result of pending litigation and government investigations. Additional risks that could affect our future results of operations are described in more detail in our filings with the United States Securities and Exchange Commission, including our Annual Report on Form 20-F for the year ended 31 March 2021. These documents are available at www.sec. govt. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in documents filed by the Company with the Securities and Exchange Commission and in 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 required by law.
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