Infosys deepens Ausgrid relationship, and with Microsoft drives Australian utility’s strategic cloud transformation

Infosys deepens Ausgrid relationship, and with Microsoft drives Australian utility's strategic cloud transformation

Australia - September 13, 2021

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting and Microsoft have entered into a multi-year strategic engagement with Ausgrid, the largest distributor of electricity on Australia's east coast, to accelerate its cloud transformation journey and establish Ausgrid as a leading digital utility. This program will further Ausgrid's vision to connect communities and empower lives with a focus on affordability, reliability and sustainability.

'With over 4 million Australians relying on our services every day, it is essential we are maintaining our high standard of reliability and connectivity, as well as delivering on the expectations of Australian communities. Accelerating our cloud transformation journey in partnership with Infosys and Microsoft allows us to improve the reliability of the network, keep downward pressure on electricity prices and bring new services to market at speed and in a cost-effective manner.' Nick Crowe acting CIO, Ausgrid

Adoption of cloud is a key enabler for Ausgrid to increase the agility, security and resilience of business operations. The cloud program is designed to reduce Ausgrid's cost of ownership and improve the performance of its IT systems and applications. Ausgrid recognises that the strategic adoption of cloud services must be holistic and should address people, change management and business processes to optimise the efficiency and operational benefits that cloud enables.

As part of this strategic engagement, Infosys and Microsoft are helping Ausgrid address these challenges by modernising its application landscape and optimising the IT infrastructure. The cloud-driven transformation program launched in mid-2020, is being delivered through a phased approach leveraging a cloud management platform combined with managed services.

'Our engagement with Ausgrid has expanded to include this strategic cloud transformation initiative, leveraging Infosys' Cobalt ecosystem of platforms, solutions and services as well as our deep expertise in the utility industry. This engagement further strengthens our global collaboration with Microsoft, and our joint value to the industry.' Anand Swaminathan, Executive Vice President & Global Industry Leader Communications, Media and Technology, Infosys.

With more than 200 products, Microsoft Azure cloud platform helps enable customers to build, run, and manage applications across multiple clouds, on-premises, and at the edge.

'We are observing a considerable rise in enterprise-wide cloud adoption which is recognised as being critical for resilient business models. Through this partnership with Infosys and Ausgrid, we are leveraging the power of Microsoft Azure to create endless digital capabilities and to accelerate customer value. This transformation program will help Ausgrid increase agility, it will simplify and modernise its digital platforms, driving tangible business outcomes and delivering value at scale to its end customers.' Rachel Bondi Chief Partner Officer, Microsoft Australia.

About Ausgrid:

Ausgrid is the largest distributor of electricity on Australia's east coast, providing power to 1.8 million customers, which is over 4 million Australians relying on us everyday.

Our network is made up of substations, powerlines, underground cables and power poles, spanning 22,275 square kilometres throughout Sydney, the Central Coast and the Hunter Valley.

Day-to-day we are actively operating, maintaining, repairing and building our electricity network.

Long term we are planning for a future where renewables play a major role in the power mix and households and businesses can generate their own energy and sell it back to the grid.

About Microsoft

Microsoft (Nasdaq 'MSFT' @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organisation on the planet to achieve more.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 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 to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

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, 2021. 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.

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