ServiceNow, Inc. or Infosys Limited: Who Invests More in Innovation?

Innovation Investment: A Tale of Two Giants

In the ever-evolving tech landscape, innovation is the lifeblood of success. ServiceNow, Inc. and Infosys Limited, two titans in the industry, have shown distinct approaches to investing in research and development (R&D) over the past decade. From 2014 to 2023, ServiceNow's R&D expenses surged by over 1,300%, reflecting its aggressive push towards innovation. In contrast, Infosys Limited maintained a steady investment, with a modest increase of around 22% during the same period. This stark difference highlights ServiceNow's commitment to rapid growth and technological advancement, while Infosys opts for a more conservative strategy. Notably, in 2023, ServiceNow's R&D spending was nearly 16 times that of Infosys, underscoring its focus on staying ahead in the competitive tech arena. As we look to the future, the absence of data for Infosys in 2024 leaves us pondering its next move in the innovation race.