Who Prioritizes Innovation? R&D Spending Compared for Infosys Limited and HP Inc.

Innovation in Focus: A Comparative Analysis of R&D Spending

In the ever-evolving tech landscape, innovation is the lifeblood of success. This analysis delves into the research and development (R&D) spending trends of two industry giants, Infosys Limited and HP Inc., from 2014 to 2023. Over this decade, HP Inc. consistently outspent Infosys Limited, with its R&D expenses peaking in 2014 at nearly 3.5 times that of Infosys. Despite a dip in 2015, HP Inc.'s investment in innovation rebounded, maintaining an average annual spend of approximately $1.6 billion. In contrast, Infosys Limited's R&D expenditure remained relatively stable, averaging around $114 million annually, with a notable increase in 2023. This disparity highlights HP Inc.'s aggressive pursuit of technological advancement, while Infosys Limited adopts a more conservative approach. As we move forward, the question remains: will Infosys ramp up its innovation efforts to compete with its peers?