The Commonwealth of Puerto Rico and the Puerto Rico Industrial Development Company (PRIDCO) joined the senior executives of Infosys BPO, the business process outsourcing subsidiary of Infosys (NYSE: INFY), during the opening ceremony of its new center on the island.
Infosys BPO has chosen a 12,000-square feet site in the northern municipality of Aguadilla, an aviation hub, to run its operations. It will leverage this new center to initially deliver complex order-to-cash business processes for clients in the aviation sector. Infosys BPO is further expanding its footprint in the region to service clients in the federal/ government sector, and the healthcare industry. The highly competent workforce of Infosys BPO comprises mainly local residents that are US citizens, and who are engineers with rich experience and skills in the aerospace and aviation industries. The center will provide services in English and Spanish.
Antonio Medina Comas, Executive Director, PRIDCO:
“This is another visible example of how the industrial development strategy of Puerto Rico has enabled foreign investments. Just last year, Infosys BPO joined Governor Alejandro García Padilla to announce its decision to establish operations here. The progress of this project has been outstanding. We expect that this positive experience will enable additional business opportunities between Puerto Rico and Infosys BPO along with its clients.”
Anup Uppadhayay, Chief Executive Officer and Managing Director, Infosys BPO:
“The new center in Aguadilla, Puerto Rico is a promising regional hub for Infosys BPO. We envision it as a center of excellence for the aviation and aerospace industry. Establishing this center also strengthens our resolve to continue delivering enhanced business value to our clients across multiple industries, including healthcare and the government sector. The availability of a highly skilled and talented workforce, coupled with the positive business environment fostered by the Puerto Rican government, makes this a favorable destination for Infosys BPO. Our team here will play a key role in continuing to renew and accelerate process innovation and automation for our clients.”
Infosys (infosys.com) is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit infosys.com to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
About Infosys BPO
Infosys BPO (infosysbpo.com), the business process outsourcing subsidiary of Infosys, was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech Republic, the Netherlands, Ireland, South Africa, Brazil, Mexico, Costa Rica, the United States, Puerto Rico, China, the Philippines, Singapore, and Australia, and as of December 31, 2014, employed 30, 971 people.
Since 1942, the Puerto Rico Industrial Development Company (PRIDCO) has been committed to attracting investment and creating jobs for Puerto Rico. Operating as a government owned economic development organization; PRIDCO (pridco.com) offers support to companies in areas such as aerospace, life sciences, information technology and electronics.
Certain statements in this 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, 2014 and on Form 6-K for the quarters ended June 30, 2014, September 30, 2014 and December 31, 2014. These filings are available at 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 the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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.
Ricardo Soto - PRIDCO
P: +787 298 4999 - E: ricardo.soto[.]pridco.pr.gov
John Gallagher - Brunswick Group for Infosys, USA
P: +1 415-316-8060 - E: jgallagher[.]brunswickgroup.com.