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Infosys announces Canadian Expansion to Calgary, Doubling Canadian Workforce to 4,000 by 2023

Posted On: 2021-03-03 21:02:42 (Time Zone: Arizona, USA)


Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it would be bringing 500 jobs to Calgary over the next three years, doubling its Canadian workforce to 4,000 employees by 2023.

This expansion was announced by Alberta Premier Jason Kenney, Calgary Mayor Naheed Nenshi, along with Ravi Kumar, President, Infosys, Mary Moran, President and CEO of Calgary Economic Development and David Knight Legg, CEO Invest Alberta Corporation.

"We are thrilled to expand our presence in Canada and advance our commitment to hiring top tech talent across major hubs. Calgary is a natural next step as part of our Canadian expansion and represents a significant and promising market for Infosys. The city is home to a thriving talent pool that the Covidrelated economic downturn has impacted. We will tap into this talent and offer skills and opportunities that will build on the city's economic strengths," said Ravi Kumar, President, Infosys.

"We are pleased to see Infosys' continued growth in this region and their commitment to bringing 500 skilled jobs along with upskilling opportunities for our local workforce. This announcement is a testament to the talent and opportunity that exists in Alberta as we continue our progress towards economic recovery and growth," stated Alberta Premier Jason Kenney.

"We've spent a long time building this relationship with Infosys, working toward this huge expansion of their operations in Calgary. This is the latest proof that the plan to diversify our city's economy is working. We are focused on making sure that Calgary is a great place to make a living and a great place to make a life. That benefit stood out to Infosys, and we are excited to be partners in their Canadian growth plans," said Mayor Nenshi.

Within the last two years, Infosys has created 2,000 jobs across Toronto, Vancouver, Ottawa, and Montreal, with plans for further expansion across the country. The Calgary expansion will enable Infosys to scale work with clients in Western Canada, Pacific North West, and the Central United States across various industries, including natural resources, energy, media, retail, and communications.

The company will hire tech talent from fourteen educational institutions across the country, including the University of Calgary, University of Alberta, Southern Alberta Institute of Technology, University of British Columbia, University of Toronto, and Waterloo. Infosys plans to build a strong pipeline to expand the skills needed to accelerate digital transformation.

Infosys has recently been recognized as a Best Place to Work in Canada - Glassdoor Employees' Choice Award. Additionally, the company has been certified Global Top Employer by the Top Employers Institute - the regions covered include all of North America, APAC, and Europe.

Shares of INFOSYS LTD. was last trading in BSE at Rs.1343.6 as compared to the previous close of Rs. 1304.05. The total number of shares traded during the day was 284390 in over 10706 trades.

The stock hit an intraday high of Rs. 1347 and intraday low of 1308.45. The net turnover during the day was Rs. 377865685.

For more information please visit: https://www.infosys.com/powering-digital-canada.html


Source: Equity Bulls

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