Infosys Announces Commitment to Create 2,000 Tech Jobs in North Carolina by 2021

Key Milestone in the Company's Strategy to Hire and Train 10,000 American Workers; North Carolina is Second of Four Planned Technology and Innovation Hubs in the US

RALEIGH, NC, July 6, 2017 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it will open its next Technology and Innovation Hub in North Carolina and hire 2,000 American workers in the state by 2021.

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This investment reinforces Infosys' commitment, announced in May 2017, to open four Technology and Innovation Hubs in the US and hire 10,000 American technology workers over the next two years. The announcement of the new hub in North Carolina, marks the second key milestone in Infosys' strategy to help drive American innovation and create the next-generation of American innovators. The company plans to hire the first 500 of these 2,000 North Carolina workers by the end of two years, with the remainder to be hired in the state by 2021. The first hub, announced in Indiana, will hire 2,000 American workers by 2021 and help boost Indiana's economy.

These new hires will include recent graduates from the state's prestigious network of colleges, universities and community colleges, as well as local professionals who will benefit from upskilling through Infosys' world-class training curriculum. As part of Infosys' commitment to create 2,000 jobs in the state of North Carolina, Infosys is partnering with the North Carolina community college system to create a customized program designed to train the workforce of the future. North Carolina is also contributing a $3 million grant towards upskilling these workers.

"It is our endeavor, and our passion, to be a leader in boosting American innovation in the transformation of core industries, and to help create the next generation of American innovators and entrepreneurs through world-class education and training," said Dr. Vishal Sikka, Chief Executive Officer, Infosys. "This is absolutely critical as we help our US clients, and every client, renew their core businesses and simultaneously innovate into new breakthrough areas, while empowering employees through learning and education. To this end, North Carolina was a clear partner for us, and we are really excited to announce one of the largest jobs commitments ever in North Carolina state history. With a talented technology workforce focused increasingly on progressive fields such as advanced manufacturing and clean technology, a diverse economy strong in financial services and life sciences, and a rich talent pool drawn from North Carolina's many top universities, research institutions and community colleges, these graduates and experienced professionals will leverage AI, machine learning, analytics, cloud, and more, to drive the transformation of core American industries such as aerospace, banking, biotech, and energy."

"North Carolina's central role in technology innovation makes our state a perfect fit for Infosys," said Governor Cooper. "Our world-class universities and our high-tech workers drive growth and attract companies from around the world that are looking to innovate."

The North Carolina Technology and Innovation Hub is part of Infosys' investment in the future of the U.S. tech workforce and will focus on cutting-edge areas, including artificial intelligence (AI), machine learning, user experience, emerging digital technologies, cloud and big data. The Hub will enable the company to more closely serve valued clients within North Carolina and the surrounding region, where increasing demand for co-innovation, requires skilled technology talent to be at zero distance to the customer. This investment also enables Infosys to build on the strength of its existing North Carolina network of highly skilled professionals. The Hub will facilitate greater collaboration and advancement in key North Carolinian industries such as financial services, information technology, life sciences, clean technology, advanced manufacturing and more.

Infosys' investment in North Carolina and wider national commitment to hire 10,000 American workers is a natural evolution of the company's three-decade legacy in the United States, and builds on the company's commitment to continuous learning, ecosystem collaboration and focus on achieving breakthrough innovations for clients. This commitment to education also extends to the company's charitable foundation, Infosys Foundation USA. In North Carolina, the Foundation has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, these grants have reached 2,400 students and 26 schools across the state.

For more information, please visit: http://www.infosys.com/american-innovation/nc

About Infosys Ltd

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of over 200,000 innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations 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 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, 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, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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, 2017. These filings are available at http://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. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.

SOURCE Infosys

Media contacts: Asia Pacific: Sarah Gideon, Infosys, India, [phone], [email protected]; EMEA: Margherita Di Cerbo, Infosys, Europe, [phone], [email protected]; Americas: Chiku Somaiya, Infosys, USA, [phone], [email protected]