- Modernize end-to-end application services to enhance
operational efficiencies and business resilience
- Build adaptive, agile and AI-amplified processes to
accelerate innovation
BENGALURU, India, May 16, 2023 /PRNewswire/ -- Infosys (NSE:
INFY) (BSE:INFY) (NYSE: INFY), a global leader in next-generation
digital services and consulting and bp, a global integrated energy
company, announced the signing of a Memorandum of Understanding
(MoU) on May 10 to demonstrate their
intent for Infosys to be bp's primary partner for end-to-end
application services, including development, modernization,
management and maintenance. This strategic engagement further
strengthens the long-standing relationship, spanning over two
decades, between the two companies.
As bp pivots towards becoming an integrated energy company with
the ambition to be a net zero company by 2050 or sooner and to help
the world get to net zero, bp and Infosys will together focus on
modernizing bp's application landscape to enhance business
resilience, drive value from operational efficiencies, and build
more adaptive and agile processes to speed up innovation. The
companies will continue to explore more avenues for bp to advance
sustainability, DE&I and other social impact initiatives.
Leigh-Ann Russell, EVP,
Innovation & Engineering, bp, said, "We are
delighted to further develop our relationship with Infosys to help
accelerate our digital transformation and scale growth through
tech-enabled operations. Together, we look forward to delivering
innovative solutions that meet the evolving needs of our customers
and drive growth for the future."
Salil Parekh, CEO & MD,
Infosys, said, "This is a strategic milestone in our
long-standing relationship with bp. As we see global momentum in
energy transition, building a strong digital core and scaling it to
maximize operational efficiency is a key business imperative. We
are now jointly working towards enhancing digital maturity,
productivity, and driving innovation for bp. Together, we will
leverage the power of digital technologies and advancements in AI
to deliver solutions that will help to transform bp's operational
landscape and drive business growth."
About bp
bp's purpose is to reimagine energy for people and our planet.
It has set out an ambition to be a net zero company by 2050 or
sooner and help the world get to net zero, and a strategy for
delivering on that ambition. For more information, visit
bp.com.
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.
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