Boston, MA 04/17/2014 (wallstreetpr) – Infosys Ltd ADR (NYSE:INFY) provides technology, business consulting, engineering and outsourcing services. It is committed to providing customer service par excellence, and this strategy helps it retain its clients. Nearly 98 percent of its revenue comes from existing clients. A massive army of over 160,000 employees worldwide guided by the vision and imagination of its founders is working constantly to deliver the best in class services to its clients.
Infosys has successfully accomplished the acquisition of Portland Group Pty Ltd., an Australia based company which provides strategic sourcing and category management services. Another strategic move was the acquisition of Lodestone Holding AG.
With Infy opening of a new delivery center in Eindhoven, the Netherlands, it is sure to gain ground in the field of business process outsourcing.
Finacle: The flagship product for banking sector
Infosys Ltd ADR (NYSE:INFY) is a banking software used by over160 banks spanning 78 countries and powers operations across 48,500 branches. This has made possible for banks to service 423 million customer accounts and 347 million consumers globally. Banks using this software have witnessed a reduction in average transaction cost by more than 35 percent. This has made Finacle the global market leader in core banking systems.
Eastern Bank, the oldest and largest mutual bank in the U.S. has partnered with Infosys to use Finacle that will enhance its suite of mobile banking and online products. This would also provide a platform that enables growth and makes banking convenient for its customers.
Lately, Infy has made strategic alliances with a number of companies across the globe. It has partnered with SITA, a leading specialist in IT solutions and air transport communication to provide ERP solution.
It has entered into a five year term agreement with Sweden’s LFAB for providing application support for insurance business.
It has also partnered with Volvo Cars for providing application support for its global business.
Apart from its business and revenue oriented commitments, Infosys Ltd ADR (NYSE:INFY) also lays a strong emphasis on fulfilling its corporate social obligations.