Infosys, India's second largest software exporter leads in the number of patents filed by Indian IT companies. According to the data compiled by an equity research firm Barclays, the Indian IT giant has filed 159 USPTO in last five years.
Globally only firm which competes with Infosys is Acceture which filed 345 patents in the last five years. In India Infy is followed by Tata Consultancy Services Ltd with 43 applications and Wipro with 8 and HCL stands the least among country's top tier IT firms with 4 applications.
In order to maintain uniformity Barclays have confined their research to USPTO . They have also confirmed that Infy has filed 354 patents globally in different jurisdictions during the last five years.
Infosys is one of the few IT companies that spent money heavily on Research & Development. Reports says that during last three years company has spent 2.1% of its revenue on R&D which is best in the industry.
Source: Business standard
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