ArcelorMittal and Infosys Announce Strategic Collaboration for Digital Transformation

LONDON and BENGALURU, India, April 8, 2021 /PRNewswire/ -- Infosys^[1] (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic long-term collaboration with ArcelorMittal^[2], the world's leading steel and mining company. ArcelorMittal has chosen Infosys to help accelerate the company's digital transformation journey and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe. 

Through this engagement, Infosys will work with ArcelorMittal Europe, share best practices around next-generation application management services to optimize, stabilize, and transform ArcelorMittal's IT landscape. Infosys will also establish a robust, state-of-the-art Business Process Management (BPM) service in ArcelorMittal Europe's Business Center of Excellence (BCoE) shared services center. The collaboration will further strengthen Infosys' presence in Europe and will enable Infosys to maximise synergies across the ArcelorMittal Group worldwide.

Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, "The need to accelerate digital transformation has never been more urgent in the manufacturing sector. We are pleased to partner with ArcelorMittal and help them stay one step ahead of disruption. Leveraging our global delivery model, right shoring, and robust BPM offerings, we are committed to driving efficiency, bolstering operational excellence, and establishing future-ready services in line with ArcelorMittal's growth strategies. We look forward to a long, fruitful partnership with the group and are excited to help them navigate the next."

Commenting on the partnership, Geert Van Poelvoorde, CEO of ArcelorMittal Europe, said, "We are delighted to partner with Infosys on our digital transformation journey. Infosys not only shares our vision and values but also brings agility, delivery excellence, and willingness to walk the extra mile to ensure mutual success. We are confident that this collaboration will mean our employees and associates are equipped with powerful new tools that enhance our competitiveness and fuel our innovation."

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With over 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.

Visit www.infosys.com^[3] to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements mentioned 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. Such statements 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, and 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^[4]. 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.

References

1. ^{^} Infosys (www.infosys.com)
2. ^{^} ArcelorMittal (corporate.arcelormittal.com)
3. ^{^} www.infosys.com (www.infosys.com)
4. ^{^} www.sec.gov (apc01.safelinks.protection.outlook.com)