Comparing Innovation Spending: Infosys Limited and II-VI Incorporated

Innovation Spending: A Tale of Two Companies

In the ever-evolving landscape of technology and innovation, research and development (R&D) spending is a critical indicator of a company's commitment to future growth. Over the past decade, Infosys Limited and II-VI Incorporated have demonstrated contrasting approaches to R&D investment.

Infosys Limited: Steady and Consistent

From 2014 to 2023, Infosys Limited maintained a steady increase in R&D expenses, peaking at approximately $135 million in 2023. This consistent growth reflects a strategic focus on sustainable innovation, with a 22% increase from 2014 to 2023.

II-VI Incorporated: Rapid Expansion

Conversely, II-VI Incorporated's R&D spending surged dramatically, growing over tenfold from 2014 to 2023, reaching nearly $500 million. This aggressive investment strategy underscores their ambition to lead in high-tech sectors.

Both companies exemplify different yet successful paths in the innovation race, highlighting the diverse strategies in the tech industry.