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24	24	* Panaya
25	25	* Noah Consulting, LLC
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27	27	= Industry structure and developments =
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29	29	Software and computing technology is transforming businesses in every industry around the world in a profound and fundamental way. The continued reduction in the unit cost of hardware, the explosion of network bandwidth, advanced software technologies and technology-enabled services are fueling the rapid digitization of business processes and information. The digital revolution is cascading across industries, redefining customer expectations, automating core processes and enabling software-based disruptive market offerings and business models. This disruption is characterized by personalized user experiences, innovative products and services, increased business agility, extreme cost performance and a disintermediation of the supply chain. {{footnote}}https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-ar-20.pdf{{/footnote}}
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37	37	The COVID-19 pandemic has disrupted demand and supply chains across industries, negatively impacting the business of companies and driving the global economy towards a recession. Governments in several countries have imposed stringent lockdown in a bid to contain the spread of the disease. This in turn has forced companies to reconfigure how their employees work and how their core business processes are supported and delivered. These events could cause companies to pause and reprioritize their spending on technology and business process outsourcing. However, it is becoming evident that companies that have previously digitized their operations have been more resilient. Consequently, in the medium to long term, it is very likely that businesses will continue to spend on technologyrelated initiatives with a greater focus on automation, remote working, cloud-based applications, optimization of legacy technology costs, etc. Several sectors are also seeking technology-based solutions immediately to tackle the health and economic crises – notably in healthcare, life sciences, banking, telecommunications and essential retail.
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39		-= COVID-19 effect =
	43	+== COVID-19 effect ==
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41	41	The impact of COVID-19 in the fourth quarter of fiscal 2020 on the Company was not significant.
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128	128	Simplus brings to Infosys globally recognized Salesforce expertise, industry knowledge, solution assets, deep ecosystem relationships and a broad clientele, across a variety of industries including high-tech, financial services, retail, healthcare, life sciences and manufacturing. It has offices across North America, Sydney, Melbourne, London, and a large delivery center in Manila.
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	135	+**Infosys Consolidated December 2020 Net Sales at Rs 25,927.00 crore, up 12.28% Y-o-Y **{{footnote}}https://www.moneycontrol.com/news/business/earnings/infosys-consolidated-december-2020-net-sales-at-rs-25927-00-crore-up-12-28-y-o-y-2-6347141.html{{/footnote}}
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	137	+**January 14, 2021**; Reported Consolidated quarterly numbers for Infosys are:
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	139	+* Net Sales at Rs 25,927.00 crore in December 2020 up 12.28% from Rs. 23,092.00 crore in December 2019.
	140	+* Quarterly Net Profit at Rs. 5,197.00 crore in December 2020 up 16.6% from Rs. 4,457.00 crore in December 2019.
	141	+* EBITDA stands at Rs. 8,026.00 crore in December 2020 up 21.09% from Rs. 6,628.00 crore in December 2019.
	142	+* Infosys EPS has increased to Rs. 12.25 in December 2020 from Rs. 10.51 in December 2019.
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130	130	= References =
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132	132	{{putFootnotes/}}

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