Infosys

Topics: New York Stock Exchange, Stock market, Infosys Pages: 7 (2074 words) Published: September 4, 2013
History of Infosys
Established in 1981, Infosys is a NYSE listed global consulting and IT services company with more than 155,000 employees. From a capital of US$ 250, we have grown to become a US$ 7.231 billion (LTM Q3 FY13 revenues) company with a market capitalization of approximately US$ 24 billion. In our journey of over 30 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires.

Milestones
2012
Listed on the NYSE market
Infosys acquires Lodestone Holding AG, a leading management consultancy based in Switzerland Forbes ranks Infosys among the world's most innovative companies Infosys among top 25 performers in Caring for Climate Initiative Infosys crosses the US$ 7 billion revenue mark

2011
N. R. Narayana Murthy hands over chairmanship to K V Kamath
Infosys crosses US$ 6 billion revenue mark, employee strength grows to over 130,000 2010
Infosys crosses the US$ 5 billion revenue mark
2009
Infosys opens its first development center in Brazil and second Latin American development center in Monterrey, Mexico Infosys selected as a member of The Global Dow
Employee strength grows to over 100,000
2008
Infosys crosses revenues of US$ $ 4.18 billion
Annual net profits cross US$ 1 billion
2007
Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+ Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-Chairman of the Board of Directors Opens new subsidiary in Latin America

Reports Q2 revenue of over US$ 1billion
2006
Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+ N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys 2005

Records the largest international equity offering of US$ 1 billion from India Selected to the Global MAKE Hall of Fame
2004
Revenues reach US$ 1 billion
Infosys Consulting Inc. is launched
2003
Establishes subsidiaries in China and Australia
Expands operations in Pune and China, and sets up a development center in Thiruvananthapuram 2002
Touches revenues of US$ 500 million
Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor Opens offices in the Netherlands, Singapore and Switzerland
Sponsors secondary ADS offering
Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA) Launches Progeon, offering business process outsourcing services 2001

Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a development center in Japan N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world Infosys is rated as the Best Employer by Business World/Hewitt 2000

Touches revenues of US$ 200 million
Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle™ 1999

Touches revenues of US$ 100 million. Listed on NASDAQ
Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US Infosys Business Consulting Services is launched

1998
Starts Enterprise Solutions (packaged applications) practice 1997
Opens an office in Toronto, Canada
Infosys is assessed at CMM Level 4
1996
The Infosys Foundation is established
1995
Opens first European office in the UK and global development centers at Toronto and Mangalore. Sets up e-Business practice 1994
Moves...
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