Difference between revisions of "Timeline of Infosys"

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| 1995 || || || The first video conference is held between {{w|Infosys}}' Boston and {{w|Bangalore}} offices.<ref name="History of Infosys"/>
 
| 1995 || || || The first video conference is held between {{w|Infosys}}' Boston and {{w|Bangalore}} offices.<ref name="History of Infosys"/>
 
|-
 
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| 1995 || || || {{w|Infosys}} sets up {{w|electronic business}} practice.<ref name="History of Infosys"/>
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| 1995 || || Service || {{w|Infosys}} sets up {{w|electronic business}} practice.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 1996 || || Administration || Infosys Foundation is established as Infosys' Corporate Social Responsibility (CSR) wing.<ref name="The Infosys timeline"/> "The Infosys Foundation is established"<ref name="History of Infosys"/>
 
| 1996 || || Administration || Infosys Foundation is established as Infosys' Corporate Social Responsibility (CSR) wing.<ref name="The Infosys timeline"/> "The Infosys Foundation is established"<ref name="History of Infosys"/>
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| 1997 || || International expansion || Infosys opens an office in {{w|Toronto}}.<ref name="History of Infosys"/>
 
| 1997 || || International expansion || Infosys opens an office in {{w|Toronto}}.<ref name="History of Infosys"/>
 
|-
 
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| 1998 || || || Infosys starts Enterprise Solutions (packaged applications) practice.<ref name="The Infosys timeline"/><ref name="History of Infosys"/>
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| 1998 || || Service || Infosys starts Enterprise Solutions (packaged applications) practice.<ref name="The Infosys timeline"/><ref name="History of Infosys"/>
 
|-
 
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| 1999 || March || Financial || Infosys becomes the first India-registered company to be listed on {{w|NASDAQ}}.<ref name="History of Infosys"/>
 
| 1999 || March || Financial || Infosys becomes the first India-registered company to be listed on {{w|NASDAQ}}.<ref name="History of Infosys"/>
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| 1999 || || International expansion || Infosys opens offices in {{w|Germany}}, {{w|Sweden}}, {{w|Belgium}}, {{w|Australia}}, and two development centers in the {{w|United States}}.<ref name="History of Infosys"/>
 
| 1999 || || International expansion || Infosys opens offices in {{w|Germany}}, {{w|Sweden}}, {{w|Belgium}}, {{w|Australia}}, and two development centers in the {{w|United States}}.<ref name="History of Infosys"/>
 
|-
 
|-
| 1999 || || || Infosys Business Consulting Services launches.<ref name="History of Infosys"/>
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| 1999 || || Subsidiary || Infosys Business Consulting Services launches.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 1999 || || Financial || Infosys touches revenue of US$100 million, and subsequently goes public in the United States with a listing on {{w|NASDAQ}}. Infosys Business Consulting Services is launched.<ref name="The Infosys timeline"/> " Becomes first Indian company to list on Nasdaq , raising the profile of the Indian outsourcing industry in the United States."<ref name="TIMELINE-Key events for Infosys since inception"/>
 
| 1999 || || Financial || Infosys touches revenue of US$100 million, and subsequently goes public in the United States with a listing on {{w|NASDAQ}}. Infosys Business Consulting Services is launched.<ref name="The Infosys timeline"/> " Becomes first Indian company to list on Nasdaq , raising the profile of the Indian outsourcing industry in the United States."<ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
| 1999 || || || Infosys is rated n°6 on the BusinessWorld-Indica poll of India's most respected companies. It is also voted India's most admired company in a survey conducted in the year.<ref name="History of Infosys"/>
+
| 1999 || || Recognition || Infosys is rated n°6 on the BusinessWorld-Indica poll of India's most respected companies. It is also voted India's most admired company in a survey conducted in the year.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 2000 || January || Training || Infosys formally establishes its Learning and Development Group (L&D).<ref name="History of Infosys"/>
 
| 2000 || January || Training || Infosys formally establishes its Learning and Development Group (L&D).<ref name="History of Infosys"/>
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| 2004 || || Recognition || Infosys is among sevem international companies, and the only Indian organization, chosen to be in the first annual list of "Top Brands with a Conscience".
 
| 2004 || || Recognition || Infosys is among sevem international companies, and the only Indian organization, chosen to be in the first annual list of "Top Brands with a Conscience".
 
|-
 
|-
| 2004 || || || The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.<ref name="History of Infosys"/>
+
| 2004 || || Education || The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 2004 || April || Subsidiary || Infosys Consulting Inc. is formed.<ref name="History of Infosys"/>
 
| 2004 || April || Subsidiary || Infosys Consulting Inc. is formed.<ref name="History of Infosys"/>
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| 2006 || || Financial || Riding on the demand for outsourcing, {{w|Infosys}} annual revenue doubles to US$2 billion in 23 months.<ref name="The Infosys timeline"/>
 
| 2006 || || Financial || Riding on the demand for outsourcing, {{w|Infosys}} annual revenue doubles to US$2 billion in 23 months.<ref name="The Infosys timeline"/>
 
|-
 
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| 2006 || March || || {{w|Fortune}} magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into {{w|Harvard}}, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.<ref name="History of Infosys"/>
+
| 2006 || March || Education || {{w|Fortune}} magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into {{w|Harvard}}, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 2006 || || Leadership || {{w|N. R. Narayana Murthy}} retires as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, though he continues as non-executive chairman and mentor.<ref name="TIMELINE-Key events for Infosys since inception"/>
 
| 2006 || || Leadership || {{w|N. R. Narayana Murthy}} retires as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, though he continues as non-executive chairman and mentor.<ref name="TIMELINE-Key events for Infosys since inception"/>

Revision as of 13:10, 29 October 2019

This is a timeline of Infosys.

Big picture

Time period Development summary
1980s
1990s In the mid-90s, Infosys sets up Strategic Business Units to encourage autonomy of operation and generate the next generation of business leaders.[1] It becomes one of the first Indian companies to offer stocks to its employees.[2]

Full timeline

Year Month and date Event type Details
1981 Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250. In the same year, the company achieves its first outsourcing contract with Data Basics Corporation, New York.[3][4]
1983 Infosys relocates corporate office to Bangalore.[3] " Relocates corporate headquarters to southern Indian city of Bangalore, one of the first software companies to set up operations in the city that becomes India’s Silicon Valley."[4]
1984 Infrastructure Infosys imports the first computer to Bangalore.[5]
1987 Infosys opens its first off-shore office in Boston.[3]
1991 Background The Indian economy is liberalized. This would dramatically improve Infosys' fortunes.[1]
1992 Infosys becomes the first Indian software house to operate an Offshore Software Development Center (OSDC) for General Electric.[1]
1992 International expansion Infosys opens its first international office in Boston.[1]
1992 Administration Infosys establishes its Quality department.[1]
1992 December The first 64kbps international private line for any company in India is established between Infosys' office in Boston and its headquarters in Bangalore.[1]
1993 February Financial Infosys makes an initial public offer.[1]
1993–2003 March 1993 – March 2003 Growth Infosys perceives a compounded annual growth rate of 65% and its revenues jump from US$5 million to US$754 million.[5]
1993 June Financial Infosys is listed on Indian stock exchanges.[1]
1993 Infosys introduces Employee Stock Options (ESOP) program.[3] "Lists on Indian exchanges and is among first in India to introduce employee stock-option plan, a move to attract and retain talent."[4]
1993 November Infosys obtains the ISO 9001/TickIT certification. Within a week of the certification, work begins towards attaining Level 4 of the Capability Maturity Model (CMM) instituted by the Software Engineering Institute.[1]
1994 Infosys corporate headquarters shift to new campus in Electronics City, Bangalore.[3]
1994 Infosys moves corporate headquarters to Electronics City, Bangalore, and opens a Development Center at Fremont.[5]
1994 Infosys launches its first Employee Stock Option Plan (ESOP).[1]
1995 Infosys enters the European market by opening an office in the United Kingdom. Global development centers are also established in Toronto and Mangalore.[3][5]
1995 The first video conference is held between Infosys' Boston and Bangalore offices.[5]
1995 Service Infosys sets up electronic business practice.[5]
1996 Administration Infosys Foundation is established as Infosys' Corporate Social Responsibility (CSR) wing.[3] "The Infosys Foundation is established"[5]
1997 International expansion Infosys opens an office in Toronto.[5]
1998 Service Infosys starts Enterprise Solutions (packaged applications) practice.[3][5]
1999 March Financial Infosys becomes the first India-registered company to be listed on NASDAQ.[5]
1999 Recognition Infosys becomes the 21st company worldwide to achieve a CMM Level 5 certification.[5]
1999 International expansion Infosys opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the United States.[5]
1999 Subsidiary Infosys Business Consulting Services launches.[5]
1999 Financial Infosys touches revenue of US$100 million, and subsequently goes public in the United States with a listing on NASDAQ. Infosys Business Consulting Services is launched.[3] " Becomes first Indian company to list on Nasdaq , raising the profile of the Indian outsourcing industry in the United States."[4]
1999 Recognition Infosys is rated n°6 on the BusinessWorld-Indica poll of India's most respected companies. It is also voted India's most admired company in a survey conducted in the year.[5]
2000 January Training Infosys formally establishes its Learning and Development Group (L&D).[5]
2000 Partnership Infosys and Microsoft announce a strategic global relationship.[5]
2000 International expansion Infosys opens offices in France and Hong Kong, a global development center in Canada and the United Kingdom, and three development centers in the United States.[5]
2000 Financial Infosys' revenue doubles in the span of a year, reaching US$200 million.[3]
2000 Product Infosys launches Finacle, an integrated core banking product that leverages internet technologies to drive the operations of a bank.[5][5]
2001 Leadership N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world. He is also rated best employer by Business World/Hewitt.[3]
2001 International expansion Infosys opens offices in the United Arab Emirates and Argentina, and a development center in Japan.[5]
2002 Leadership Nandan Nilekani assumes as CEO of Infosys.[3] N. R. Narayana Murthy becomes chairman.[4]
2002 Financial Infosys revenue reaches $500 million.[4]
2002 Product Infosys launches back-office outsourcing services unit, Progeon.[4]
2002 Personnel Infosys hires 15000 recruits in the year, compared to 250 in 1992.[5]
2002 Infosys announces plans to set up its first disaster recovery center in Mauritius.[5]
2002 Subsidiary Infosys BPM is established. Based in Bangalore, it is the business process outsourcing subsidiary of Infosys.[6]
2003 International expansion Infosys establishes subsidiaries in China and Australia.[5]
2003 Facility Infosys opens a Development Center in Thiruvananthapuram.[5]
2003 December Acquisition Infosys acquires Expert Information Services, an IT service provider based in Australia, for US$23 million.[7][8]
2004 Recognition Infosys is among sevem international companies, and the only Indian organization, chosen to be in the first annual list of "Top Brands with a Conscience".
2004 Education The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.[5]
2004 April Subsidiary Infosys Consulting Inc. is formed.[5]
2004 July Education Infosys launches Campus Connect, as an industry-academia partnership, with the purpose to empower engineering colleges to produce "industry-ready" recruits.[5]
2004 Partnership Infosys and Microsoft announce a US$8 million IT transformation initiative, designed to help clients improve business performance and build competitive advantage.[5]
2004 Financial Infosys' annual revenue reaches US$1 billion for the first time.[3]
2005 Financial Infosys launches offer of American Depositary Receipts (ADRs) against existing local shares in US$1 billion deal, at the time the biggest conversion of Indian shares into ADRs.[4]
2005 Training Infosys opens its Global Education Centre (GEC) in Mysore.[5]
2006 Financial Riding on the demand for outsourcing, Infosys annual revenue doubles to US$2 billion in 23 months.[3]
2006 March Education Fortune magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into Harvard, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.[5]
2006 Leadership N. R. Narayana Murthy retires as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, though he continues as non-executive chairman and mentor.[4]
2006 July Recognition Infosys is included in the NASDAQ Global Select Market, a new market tier with the highest listing standards in the world.[5]
2007 Leadership Kris Gopalakrishnan assumes role as CEO of Infosys. Nandan Nilekani is appointed Co-Chairman of the Board of Directors.[3] " Infosys co-founder and chief operating officer Kris Gopalakrishnan takes over as chief executive from Nilekani, who takes up the role of co-chairman."[4]
2007 Personnel Infosys receives over 1.3 million applications and hires fewer than 3% of applicants.[5]
2007 Financial Infosys surpasses US$3 billion in revenues. Staff grows to over 70,000.[5]
2008 Acquisition Infosys announces US$700 million-plus bid to acquire British consulting firm Axon, but drops out of race after smaller domestic rival HCL Technologies makes a higher offer.[4]
2008 Financial Infosys perceives revenues of at least US$4.18 billion and annual net profits of at least US$1 billion.[5]
2008 November 19 Recognition Infosys is selected as a member of The Global Dow, an index of the most innovative, vibrant and influential corporations from around the world.[9]
2009 December Acquisition Infosys acquires McCamish Systems, a U.S. insurance and financial services provider, for US$ 38 million.[10]
2010 Financial Infosys surpasses US$5 billion revenue mark.[3][4]
2010 Training Infosys' GEC II (Global Education Centre) is innaugurated, increasing capacity to develop 14,000 employees simultaneously.[5]
2010 April Partnership Infosys signs partnership with Microsoft worth US$ 189 million over three years, with a possible expansion to US$ 240 million.[5] A deal calls for Infosys to manage all Microsoft’s IT services worldwide.[11]
2011 Leadership Narayana Murthy becomes Chairman Emeritus of Infosys, while incumbent COO S.D. Shibulal assumes as the CEO and MD succeeding Kris Gopalakrishnan.[3][4]
2011 Legal Infosys announces having received a subpoena from a grand jury in a United States district court that requires the company to provide certain documents and records related to B1 business visas. B1 business visas allow companies to send their employees to the United States for short-term business purposes."[4]
2012 January Acquisition Infosys acquires Portland Group, an Australian strategic sourcing and category management provider, for AUD 37 million.[12][13]
2012 Recognition Infosys is ranked by Forbes among the most innovative companies.[3]
2012 Legal Infosys announces it has been told by the U.S. Attorney’s office that it and some staff are targets of investigation over its sponsorship and use of short-term U.S. business visas.[4]
2012 September Acquisition Infosys acquires Lodestone Holding AG, a Swiss management consultancy provider, for US$345 million.[14]
2012 Legal Infosys reports that the United States Department of Homeland Security (DHS) has found errors in the I-9 forms the company filed with the Department. The Form I-9 is used by an employer to verify an employee’s identity and to establish that the worker is eligible to accept employment in the United States.[4][15]
2014 July Leadership Vishal Sikka assumes as Infosys CEO, replacing S. D. Shibulal.[16][17]
2014 December Infosys gifts Apple iPhone 6s smartphones to its top 3,000 employees in a bid to curb the high rates of attrition in the software industry.[3]
2013 October 29 Legal Infosys is fined US$35 million by the United States Government after an investigation by the Department of Homeland Security and the State Department found that is used inexpensive, easy-to-obtain B-1 visas with the purpose to cover short business visits, instead of H-1B visas which are harder to get.[18][19][20]
2014 July 1 Subsidiary Infosys establishes EdgeVerve Systems. Based in Bangalore, it focuses on enterprise software products for business operations, customer service, procurement and commerce network domains.[21][22]
2015 March Acquisition Infosys acquires Israeli automation technology provider Panaya, for US$200 million.[23][24]
2015 April Acquisition Infosys acquires U.S. digital experience solutions provider Skava, for US$120 million.[25][26]
2015 November Acquisition Infosys acquires U.S. information management consulting services Noah-Consulting, for US$70 million.[27]
2016 Financial Infosys annual revenue touches US$10 billion.[3]
2016 April Partnership In the United States, Infosys Foundation USA collaborates with National Science Foundation and DonorsChoose.org to chart a public-private-community model for promoting computer science education, and digital literacy.[3][28]
2017 Personnel Infosys total personnel reaches 194,044 employees, a a 10.14% increase from 2015.[29]
2017 April Acquisition Infosys acquires U.S. software company Skytree.[30][31]
2017 August Acquisition Infosys acquires UK digital product and customer experience studio Brilliant Basics, for GBP 7.5 million.[32]
2017 Personnel Infosys total personnel reaches 200,364 employees, a 3.26% increase from 2016.[29]
2018 October Acquisition Infosys acquires Finnish Salesforce partner Fluido Oy for EUR 65 million.[33]
2018 Personnel Infosys total personnel reaches 204,107 employees, a 1.87% increase from 2017.[29]
2019 January Acquisition Infosys acquires U.S. advertising and creative strategy services provider WongDoody, for US$75 million.[34]
2019 March 29 Financial Infosys' market capitalization stands at US$46.52 billion.[35][36]
2019 March Personnel As of date, Infosys has a total of 228,123 employees, out of which 37% are women.[37] Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% work for support and sales.[37]
2019 April Acquisition Infosys acquires Netherlands-based mortage services provider Stater N.V., for EUR 127.5 million.
2019 Personnel Infosys total personnel reaches 228,123 employees, a 11.77% increase from 2018.[29]

Meta information on the timeline

How the timeline was built

The initial version of the timeline was written by User:Sebastian.

Funding information for this timeline is available.

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See also

External links

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Leadership @ infosys (Matt Barney ed.). 
  2. "Infosys to offer incentive to select executives in a bid to attract and retain talent". economictimes.indiatimes.com. Retrieved 29 October 2019. 
  3. 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 "The Infosys timeline: $250 gamble to $10 billion sweepstake". thehindu.com. Retrieved 13 September 2019. 
  4. 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 "TIMELINE-Key events for Infosys since inception". reuters.com. Retrieved 13 September 2019. 
  5. 5.00 5.01 5.02 5.03 5.04 5.05 5.06 5.07 5.08 5.09 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 5.20 5.21 5.22 5.23 5.24 5.25 5.26 5.27 5.28 5.29 5.30 5.31 5.32 5.33 5.34 5.35 "History of Infosys". slideshare.net. Retrieved 13 September 2019. 
  6. "Infosys BPM". crunchbase.com. Retrieved 18 October 2019. 
  7. "Infosys to buy Australian firm Expert for $22.9 m". The Hindu. 19 Dec 2003. Retrieved 15 September 2019. 
  8. "Infosys Media Release – Infosys announces agreement to acquire Expert" (PDF). Infosys. 18 Dec 2003. Retrieved 15 September 2019. 
  9. "Infosys Technologies Selected as a Member of The Global Dow". infosys.com. Retrieved 29 October 2019. 
  10. "Infosys BPO to acquire US company McCamish". Deccan Herald. 12 Nov 2009. Retrieved 15 September 2019. 
  11. "Microsoft Outsources IT to Infosys". cio.com. Retrieved 29 October 2019. 
  12. "Infosys BPO looking for buyouts to double its revenues to $1 bn". The Economic Times. 17 July 2012. Retrieved 7 October 2017. 
  13. "Infosys BPO to buy Australia's Portland Group". The Hindu Business Line. 20 Dec 2011. Retrieved 15 September 2019. 
  14. "Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore". The Hindu. 10 September 2012. Retrieved 15 September 2019. 
  15. "Infosys under US security scanner for erroneous employee verification". ndtv.com. Retrieved 29 October 2019. 
  16. "Vishal Sikka to replace S D Shibulal as Infosys CEO on Friday". indiatoday.in. Retrieved 29 October 2019. 
  17. "Infosys rejig: Narayana Murthy out, Vishal Sikka in". indiatoday.in. Retrieved 29 October 2019. 
  18. "Infosys to pay $34m penalty over US visa probe". ft.com. Retrieved 29 October 2019. 
  19. "Infosys faces record US fine of $35 million in visa probe". livemint.com. Retrieved 29 October 2019. 
  20. "Infosys Fined $35M For Illegally Bringing Programmers Into US On Visitor Visas". yro.slashdot.org. Retrieved 29 October 2019. 
  21. "Edgeverve is born". Business Standard. November 17, 2014. Retrieved 11 December 2015. 
  22. "EdgeVerve". crunchbase.com. Retrieved 18 October 2019. 
  23. "Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore". The Economic Times. 17 Feb 2015. Retrieved 7 October 2017. 
  24. "Infosys' $200 million Israeli software company Panaya is in the eye of the storm". The Economic Times. Retrieved 15 September 2019. 
  25. "Infosys Completes Acquisition of Skava". Infosys Limited. 4 June 2015. Retrieved 15 September 2019. 
  26. "Infosys completes Skava acquisition for $120 million". The Economic Times. 4 June 2015. Retrieved 15 September 2019. 
  27. "Infosys completes acquisition of Noah Consulting". Economic Times. 
  28. "Infosys Foundation USA Partners With the National Science Foundation and DonorsChoose.org to Pioneer a New Model of Public-Private-Community Collaboration for Computer Science Education". prnewswire.com. Retrieved 29 October 2019. 
  29. 29.0 29.1 29.2 29.3 "Infosys: Number of Employees 2006-2019". macrotrends.net. Retrieved 29 October 2019. 
  30. "Skytree". Crunchbase. Retrieved 15 September 2019. 
  31. "Infosys is reaching for the sky with holistic automation strategy". Horses for Sources. 26 April 2017. Retrieved 15 September 2019. 
  32. "Infosys completes Brilliant Basics acquisition". Money Control. 11 September 2017. Retrieved 15 September 2019. 
  33. "Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million". Consultancy.eu. 17 September 2018. Retrieved 15 September 2019. 
  34. "Wongdoody Joins Infosys". www.wongdoody.com. Retrieved 15 September 2019. 
  35. "Infosys Market Cap (INFY) – YCharts". Ycharts.com. 2019-06-20. Retrieved 17 October 2019. 
  36. "Infosys Limited spends over INR 18 crores under its CSR initiatives; focuses on healthcare & relief programs". csrbox.org. Retrieved 29 October 2019. 
  37. 37.0 37.1 "Investor Sheet". infosys.com. Retrieved 15 September 2019.