Infosys Limited and Cognizant Technology Solutions Corporation: SG&A Spending Patterns Compared

A Decade of SG&A Spending: Infosys vs. Cognizant

In the ever-evolving landscape of global IT services, understanding the financial strategies of industry giants like Infosys Limited and Cognizant Technology Solutions Corporation is crucial. Over the past decade, from 2014 to 2023, these two companies have demonstrated distinct patterns in their Selling, General, and Administrative (SG&A) expenses.

Cognizant has consistently outpaced Infosys in SG&A spending, with an average annual expenditure nearly double that of Infosys. Notably, Cognizant's SG&A expenses peaked in 2021, reaching approximately 3.5 billion USD, marking a 72% increase from 2014. In contrast, Infosys showed a more conservative growth, with its SG&A expenses rising by about 51% over the same period, peaking at 1.68 billion USD in 2022.

These spending patterns reflect differing strategic priorities, with Cognizant potentially focusing more on aggressive market expansion and client acquisition, while Infosys may prioritize operational efficiency and cost management.