Infosys Living Labs is delivering digital innovation as-a-service to help 
them meet next normal consumer expectations

    Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) 
[https://www.infosys.com/en.html], a global leader in next-generation digital 
services and consulting, today announced that Infosys Living Labs is driving 
the digital innovation agenda for over 100 global enterprises. With Infosys 
Living Labs, businesses can leverage on-demand multi-tiered digital 
infrastructure, comprising technology, processes, people, and an innovation 
ecosystem. The flexibility to consume these capabilities as modular services on 
tap, over ramping up and down the same capabilities in-house, is compelling for 
enterprises. 

    "Posti has embarked on a transformation journey and Infosys Living Labs, 
with its capabilities in innovation, has been instrumental in helping us 
accelerate this journey," said, Turkka Kuusisto, President and CEO, Posti Group 
Oyj.

    Infosys Living Labs is helping enterprises adapt to new priorities and 
market trends, also enabling them to accelerate their response to these shifts 
with strategic innovations. This is proving to be a critical business 
capability for businesses to drive recovery and growth in the next normal. 
Infosys Living Labs delivers on the promise of:

    Speed: Enterprises are creating the right conditions for rapid 
experimentation and response to market needs by collaborating with Infosys. 
Through Infosys Living Labs, they are kickstarting agile innovation cycles that 
start with instituting listening posts for trendspotting. They are also 
harvesting ready-to-scale innovations from the Infosys innovation ecosystem of 
startup and academia partners. Infosys Living Labs' sandboxes and incubation 
facilities also include shared maker spaces in Infosys global digital centers 
to accelerate the innovation process. A good example is how Infosys Living Labs 
helped an American investment firm spot changing consumer trends in their 
business and build gamified visualizations of retirement savings benefits for 
their customers in our digital center. This human experience delivered 
much-needed upticks in sales for them during the pandemic. 

    Scope: Infosys Living Labs is helping companies expand the breadth of their 
innovation by bringing expertise in emerging technologies, across a global 
footprint, along with cross-industry experience that most corporations seek. 
For example, a mail services company in Europe harnessed Infosys Living Labs to 
build a hyper-efficient parcel sorting mechanism. They co-created, with Infosys 
Living Labs a cloud-powered, IoT-assisted system with central intelligence to 
operate automatically and accurately year-long. It saved them the costs of 
setting up additional sorting facilities during seasonal peaks. 

    Scale: Because solutions that must work at scale must be designed for 
scale, enterprises rely on Infosys Living Labs' proven frameworks and best 
practices to go to market with scaled innovations. They count on Infosys Living 
Labs' talent and technology leverage to help them manage the 
pilot-to-production ramp up smoothly. As an example, a multinational 
distributor of food digitized their complex inbound supply chain with Infosys 
Living Labs. Taking a persona-focused prototype-driven approach to validate the 
various solutions with stakeholders, Infosys meticulously mapped requirements 
to scale the prototype with the capability landscape. In agile sprints, 
executed over the following weeks, the digital solution replaced 20% of the 
legacy landscape, driving 30% productivity improvements.

    Ravi Kumar S, President, Infosys, said, "Digital natives have an incredible 
advantage as the capabilities, skills and culture needed to continuously 
experiment, learn and adapt are intrinsic in their organizational DNA. In 
contrast, incumbent enterprises must digitally transform, and at greater clock 
speed in the next normal. Infosys Living Labs helps them be digital-on-demand 
when their own digitalization is picking up pace and the full benefits of their 
transformation are yet to be realized."

    Infosys Living Labs partners with the venture capital investment arms of 
global enterprises to mutually enrich portfolios of tech innovators on the one 
hand and bring the value of more innovations to more enterprises, on the other.

    "We are excited to partner with Infosys to help our portfolio companies 
scale new heights by providing them access to Infosys' global client base. 
Infosys brings its rich heritage of delivery excellence and Global access to 
our portfolio companies. We are a growth investor in lighthouse technologies 
and Infosys Living Labs provides a great opportunity to bring best in class 
technology innovations to clients while de-risking the adoption of startup 
solutions for Infosys clients," said, Matthew Koertge, Managing Director, 
Telstra Ventures.

   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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    Source: Infosys