NEW YORK, Jan. 27, 2021 /PRNewswire/ — Infosys (INFY) – Get Report, a global leader in next-generation digital services and consulting, today announced that it has achieved Elite Status in the Snowflake Partner Network. Along with Snowflake, the Data Cloud company, Infosys will offer transformational solutions for enterprises, built on Snowflake’s Data Cloud, which include a hyper data economy for enterprises, proven industry and business solutions and managed cloud consumption solutions from the Infosys Cobalt portfolio.
Infosys’ POV on hyper data economy opens up new possibilities for businesses to connect unconnected data, across industry boundaries, while monetizing their own data to draw richer actionable business insights, explore new business models, build new solutions and create connected customer experience. Snowflake enables secure data exchange with strong yet flexible processes for operations ranging from data consumption to monetization.
Infosys industry and business solutionswill bring together a growing portfolio of ready-to-launch, cloud-first applications with an ecosystem of data intelligence partners to unlock value across siloed data lifecycles and transform processes and functions for enterprises across industry verticals. Infosys will also partner with enterprises to co-create new solutions that combine the power of AI, cloud and data analytics and amplify the value of their business investments on Snowflake’s Data Cloud.
Infosys managed cloud consumption solutions for Snowflake can bring the governance and cost management capabilities that enterprises need to maximize the efficiency of their cloud consumption on Snowflake. This can significantly lower the TCO of their Snowflake investments, improve ROI and enable them to realize value faster.
We want to enable our clients to build businesses so sentient that their organizations, across layers and functions, can sense and respond to their customers. Our Elite service partnership with Snowflake enables us to unlock the expansive data capabilities that our clients need,” said Ravi Kumar S, President, Infosys. “This, along with leverage from Infosys applied AI cloud and Infosys Cobalt cloud offerings, can help them drive faster innovation and greater business resilience.”
“Snowflake’s Data Cloud enables organizations to mobilize their data, including partner and third-party data sources, with near-unlimited scale, concurrency and performance,” Snowflake Chief Revenue Officer, Chris Degnansaid. “Our partnership with Infosys can help joint customers transform data into insights for potential new revenue streams and industry specific solutions to drive their businesses forward.”
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, 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, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. 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, 2020. These filings are available at 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. 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.