Infosys Technologies Ltd Infosys Technologies Ltd.'s Infosys BPO Ltd. Opens Philippine BPO Branch With Collaboration Platform From Cisco Systems, Inc. July 21, 2009 Infosys BPO Ltd., the business process outsourcing (BPO) subsidiary of Infosys Technologies Ltd. announced that it has opened its first BPO branch in the Philippines. The center features collaboration technologies from Cisco Systems, Inc., including Cisco Unified Contact Center, which delivers intelligent contact routing, call treatment, network-to-desktop computer telephony integration (CTI), and multichannel contact management over an Internet Protocol (IP) infrastructure. The center will support multiple clients in the technology industry. Infosys Technologies Ltd. Wins Ten Year Contract From Government-Reuters July 21, 2009 Infosys Technologies Ltd. has won a contract to design, develop and support a portal for the ministry of commerce and industry. The duration of the contract is 10 years, Infosys Technologies Ltd. said in a statement. Financial details of the deal were not disclosed. Infosys Technologies Limited Gets $10 Million Pilot Outsourcing Deal From Intel Corp.-DJ July 14, 2009 Infosys Technologies Limited has won a pilot outsourcing contract worth $10 million from chipmaker Intel Corp. The contract could evolve into a $100 million engagement for Infosys. Infosys Technologies Ltd. Issues Q2 2010 Guidance Below Analysts' Estimates; Revises FY 2010 Guidance To A Range Below Analysts' Estimates July 10, 2009 Infosys Technologies Ltd. announced that under Indian GAAP for second quarter of 2010, it expects income to be in the range of INR5,318-INR5,413 crore, (INR53,180-INR54,130 million); YoY decline of 1.9%–0.1% and earnings per share (EPS) to be INR23.67 and INR24.09; YoY decline of 5.4% to 3.7%. For fiscal 2010, it expects income to be in the range of INR21,416-INR21,747 crore, (INR214,160-INR217,470 million) YoY decline of 1.3%–0.3% and EPS of INR94.59 and INR96.00; YoY decline of 9.6%-8.2%. Under IFRS for second quarter of 2010, it expects revenue to be in the range of $1.110-$1.130 billion; YoY decline of 8.7%-7.1% and consolidated earnings per American Depositary Share of $0.50-$0.51; YoY decline of 10.7% to 8.9%. For fiscal 2010, it expects consolidated revenue to be in the range of $4.45-$4.52 billion; YoY decline of 4.6%–3.1% and consolidated earnings per American Depositary Share of $1.97-$2.00; YoY decline of 12.4%-11.1%. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of INR54,527 million and GAAP EPS of INR24.73 for second quarter of 2010; revenue of INR219,301 million and GAAP EPS of INR100.29 for fiscal 2010. Infosys Technologies Ltd. Eyes Purchase Of UBS AG's Back-Office Operations-DJ July 9, 2009 Infosys Technologies Ltd. has increased its efforts to acquire the back-office operations of UBS AG. Infosys Technologies is in the final due diligence phase of a deal that could see them make an upfront cash payment of more than $50 million for the assets in India and Poland, and get a multi-year business contract from UBS. The sales process, under Deloitte, could be finalized in the next 45 days. Infosys Technologies Limited Announces Resignation Of Co-Chairman June 25, 2009 Infosys Technologies Limited announced that Mr. Nandan M. Nilekani will relinquish the position of Co-Chairman and Member of the Board of the Company. The resignation will be effective from July 9, 2009. Infosys Technologies Ltd.'s Infosys BPO Ltd. Gets Three Year $10 Million Order From Microsoft-DJ June 18, 2009 Infosys BPO Ltd. has received a three-year, $10 million order from Microsoft Corp. to provide backend services such as data processing, The Economic Times reported, citing a person familiar with the development. The business process outsourcing unit of Infosys Technologies Ltd. is also close to getting another three-year order worth $15 million from Alcatel-Lucent, the report said. UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ June 18, 2009 UBS AG is in talks with Indian IT companies such as Infosys Technologies Limited and Wipro Limited over a possible sale of its business and knowledge process outsourcing units in Poland and Hyderabad, the Economic Times reported on its Web site, citing a person familiar with the possible transaction. The UBS India Service Centre and the center in Krakow, Poland, is valued at around $200 million, the Web site reported a second source as saying. Wipro Limited is understood to have started preliminary due diligence of the unit, the Web site said. Infosys Technologies Ltd. Introduces iTransform Product Suite June 15, 2009 Infosys Technologies Ltd. announced that it has introduced the iTransform Product Suite, which delivers an end-to-end offering for managing the transitions to the 5010 version of the HIPAA standard transactions and ICD-10 coding systems. Alberto Culver Company Selects Infosys Technologies Ltd. For Advanced Category Analytics Services June 15, 2009 Infosys Technologies Ltd. announced that Alberto Culver Company, has chosen Infosys as a partner for innovation and will conduct a pilot evaluation of advanced category analytics to help it improve pricing, promotions and category management decisions. Alberto Culver selected Infosys for its thought and technology leadership in the CPG industry. Upon successful pilot completion, Infosys will provide Alberto Culver with the category analytics solution and will roll out the platform in phases. Infosys Technologies Ltd. Launches Direct Banking Solution June 15, 2009 Infosys Technologies Ltd. announced the launch of FinacleTM Direct Banking Solution, a solution that supports the full-fledged branchless delivery of a range of assets and liabilities solutions, through the Internet, mobile or call centre channels. Infosys Technologies Ltd. Awards Contracts To Hewlett-Packard Company's EDS, Infosys Technologies Ltd. And IBM Corporation-DJ June 9, 2009 Telstra Corporation Ltd. has awarded expanded application development and maintenance contracts to Hewlett-Packard Company's EDS and Infosys Technologies Ltd. and renewed an infrastructure management contract with IBM Corporation. The contracts with EDS and Infosys will cost around AUD450 million over five years and the IBM contract AUD745 million over five years. Infosys Technologies Ltd. Plans To Set Up Unit In Brazil-DJ June 7, 2009 Infosys Technologies Ltd. is planning to open a software development and back office center in Brazil this year. The unit will help Infosys expand business activity in the region, as well as being a local delivery center. Infosys Technologies Ltd. Develops Online Portal For Signposter.com June 1, 2009 Infosys Technologies Ltd. announced that it has developed an interactive online portal for advertising service provider Signposter.com that will help small and medium sized businesses buy and manage outdoor advertising. The Co-operative Financial Services Selects Finacle From Infosys Technologies Ltd. April 27, 2009 Infosys Technologies Ltd. and The Co-operative Financial Services (CFS) have announced that CFS has chosen Finacle Universal Banking Solution to power its business transformation initiative. As part of the programme, CFS, part of The Co-operative Group, the UK's consumer co-operative, will replace systems across its back-office and channels in the Retail Banking and Corporate Banking businesses with Finacle. This initiative will also include the implementation of Finacle core banking, CRM (uniting CFS banking and insurance businesses) and e-banking solutions across the critical home-market operations of CFS in the UK. Infosys Technologies Ltd.'s Infosys BPO Keen To Buy Clients' Captive Operations-DJ April 26, 2009 Infosys BPO, the back-office arm of Infosys Technologies Ltd., plans to acquire clients' captive operations, the Economic Times reported on its Web site, citing the Company's chief executive officer. 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