; pursue alliances and strategic acquisitions; enhance brand visibility; and continue to invest in infrastructure and employees. Intellectual Property The company has 153 patents issued by the United States Patent and Trademark Office, 1 patent issued by Australian Patent Office and 3 patents issued by the Luxembourg Patent Office. An aggregate of 541 unique patent applications are pending under various stages of prosecution. The company has 29 trademarks registered across classes identified for various goods and services in India and in other countries. During 2014, Infosys Labs filed 79 unique patent applications with the U.S. Patent and Trademark Office (USPTO), the Indian Patent Office and other jurisdictions. Research and Development The company’s research and development expenses for the year 2014 were $147 million. Regulations There are restrictive Indian laws and regulations that affect the company’s business, including regulations that require the company to obtain approval from the Reserve Bank of India and / or the Ministry of Finance of the Government of India to acquire companies incorporated outside India, and regulations that require the company, subject to some exceptions, to obtain approval from relevant government authorities in India in order to raise capital outside India. The conversion of its equity shares into American Depositary Shares is governed by guidelines issued by the Reserve Bank of India. Competition The company competes with: consulting firms such as Accenture Limited, Atos Origin S.A., Cap Gemini S.A. and Deloitte Consulting LLP; divisions of large multinational technology firms such as Hewlett-Packard Company and IBM Corporation; IT outsourcing firms such as Computer Sciences Corporation and Dell Perot Systems; offshore technology services firms such as Cognizant Technology Solutions Corporation, Tata Consultancy Services Limited, Wipro Technologies Limited and HCL Technologies Limited; software firms such as Oracle Corporation and SAP A.G.; and business process outsourcing firms such as Genpact Limited, Exl Service Holdings and WNS Global Services. Significant Events In June 2014, Launches Cloud-based Solution to Accelerate Clinical Trial Supply Management and Lower Drug Development Costs Patient-centric solution enables real-time collaboration and helps transform R&D cost model. In September 2014, Infosys announced a global partnership with Huawei. Through this partnership, the companies will jointly offer enterprise customers cloud, big data and communication solutions, along with other enterprise-oriented services which will combine Huawei's cloud infrastructure and global IT service expertise from Infosys. In September 2014, Infosys announced the expansion of their decade-long partnership with Microsoft Corp. to help enterprises transform their business and tap opportunities in a cloud-first, mobile-first world. Virtustream announced a joint partnership with Infosys and NetApp to deliver assured Testing-as-a-Service (TaaS) for applications built on the SAP HANA platform. In February 2015, Infosys Ltd. announced research agreement with Cornell University's School of Hotel Administration. As part of this one year partnership, Infosys will join the School of Hotel Administration's Center for Hospitality Research advisory board. In April 2015, Infosys Ltd. in collaboration with East China Normal University, or ECNU, and Renmin University of China, or RUC, has announced the establishment of a Data Science Joint Lab in Shanghai. History The company was founded in 1981. It was incorporated in 1981 in Maharashtra, India as Infosys Consultants Private Limited, a private limited company under the Indian Companies Act, 1956 and changed its name to Infosys Technologies Private Limited in April 1992. Further, it changed its name to Infosys Technologies Limited in June 1992 and to Infosys Limited in 2011.
infosys ltd-sp adr
(INFY:New York Consolidated)
Phone: 91 80 2852 0261
Fax: 91 80 2852 0362www.infy.com
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