Infosys’ CSR Initiative Pledges to Boost Computer Skills

Premium multinational technology firm, Infosys Ltd. (INFY), expanded its corporate social responsibility in the U.S. through Infosys Foundation, the philanthropic arm of the company. Through the initiative, the company aims at enhancing the knowledge and productivity of individuals with superior computer studies.

Benefits

According to the company, the initial per annum expenditure of the institute would approximately be $5 million. The organization aims to promote empowerment and computer education among the U.S. citizens. This way, the company would indirectly enhance the country’s ability for employment in the long run. With superior computer knowledge, the individuals of the nation would become more competitive and productive in the global workplace.

Moving Forward

Infosys shares a high brand value in the global technology, consultancy, outsourcing and next-generation service market. In order to rule over its industry rivals, the company has been strategically expanding its international business over time.

Insights

Few days back, Infosys equipped its domestic welfare plans with a new $40 million outlay. Now, the extension of Infosys Foundation in U.S. would improve the company’s overseas welfare consciousness. At such a juncture, we expect that Infosys’ welfare initiatives would uplift its margins and revenues in the upcoming quarters.

With a market capitalization of $35.96 billion, Infosys currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks worth considering in the industry include EarthLink Holdings Corp. (ELNK), EPAM Systems, Inc. (EPAM) and CDW Corporation (CDW). While both EarthLink Holdings and EPAM Systems sport a Zacks Rank #1 (Strong Buy), CDW Corporation holds a Zacks Rank #2 (Buy).

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