The giant multinational IT corporation, Infosys was established in the year 1981 at Pune, Maharashtra. The company later moved to Bangalore. The company was established with N R Narayan Murthy with the assistance by seven of his engineers. It’s a one-stop solution for all IT solutions. It operates as an outsource, business IT and consulting company. It is present in more than 40 countries around the world. The offices are located in Europe, United States of America it has offices in Europe, the United States of America and Asia-Pacific. The company was established with the intention of utilizing humanity’s potential the maximum and delivering customers with fair, honest products and solutions for business. Infosys is the 3rd largest company in IT worldwide. The company was previously named Infosys Technology limited, but is it is now called Infosys limited. IT is an estimated billion dollar corporation.
Infosys provides a variety of services, including solutions to the problems of small-sized businesses that come their path. It provides software development Systems Integration, Application development Cloud computing, and Digital Transformation for customers, which include banking, insurance and healthcare sectors retail, telecommunications and healthcare sector. The company is also constantly conducting research, which results in it grow continuously.
Infosys has been working on various programs including AI data, cyber security, and Data. In 2024 Infosys has been recognized as
- Global Top Employer
- World’s Most Ethical Corporation and numerous other individuals Infosys has been awarded.
What is Swot Analysis?
Every company, even Infosys use swot analysis without it, no business can formulate its plan of action. The swot analysis tool is which allows the business to identify its strengths as well as its weaknesses, potential and threats.
Swot Analysis of Infosys Company
Strength-
- A strong brand image- Every teenager is familiar with Infosys. It is the third-largest Indian IT company worldwide. Its products are top-quality in quality and they are a reputable business. It has experience in all kinds of software solutions.
- Strong Financial stability- The bulk of the revenues (32.40 percent) that Infosys earns Infosys is from the financial sector. It has been growing continuously since the past few years, with leaps and bounds.
- Dividend payouts- The company frequently pays dividends to its shareholders, thus preserving its image as a positive company.
- Offers Excellent Services Infosys provides excellent services to its clients since it has experience in all sectors.
- Department of Research and Development department- Continuous research is conducted within the company to future growth of the business.
- A wide range of servicesA wide range of services Infosys provides a variety of services such as consulting outsourcing, software development creating application software for banks.
- A healthy work environment and education programs Infosys is concerned with the well-being of its employees and regularly organizes training programs. They also offer bonuses to employees and takes care of their wellbeing.
- A large client base Infosys has major projects coming from its regular clients.
Weakness
- Higher Attrition Rate – It is extremely difficult to retain those working in the IT industry. They frequently transfer to another business, which results in reduction in human resources.
- Highly dependent on US market. Infosys major revenue is derived from US market. 60% of its revenue is derived from North America
- Different rules and regulations Infosys is required to follow the laws and regulations of various nations.
Opportunities
- The technology is modern and expanding. With the latest technologies of the past few years such as block chain technology Supply Chain Management cloud technology AI Infosys has the possibility of expanding its business by embracing these new technologies.
- Marketing E-Commerce Infosys can further expand its business by showcasing its achievements and working with magazines such as Economic Times, Times of India magazine, and through newspapers such as Times of India and Hindustan Times.
- Patents and innovationsPatents and innovations Infosys can expand its reach by obtaining more patents and inventing new products.
Threats
- Competition – The main challenge to Infosys is from competitors such as TCS, IBM, Wipro and a host of others. They also provide the same services to their customers.
- A higher rate of attrition occurs when the Infosys employee is let go of the company and is transferred to another company organization, there is a loss for the company.
- Dependence on the American markets- If American clients do not give its project to Infosys and it suffers losses or, if there is a downturn in the economy across America, Infosys will highly be impacted.
- Cyber security – Cyber attacks can pose a significant risk to a company.
In the years ahead, Infosys is expected to be in the first place among multinational IT companies in India. With the SWOT analysis, Infosys has discovered its strengths and weaknesses, as well as opportunities and threats. This allows the company to address its weaknesses and threats and develop a sound marketing plans. Recently, Infosys has joined forces with Alarm one of security firms in Europe. Infosys has also opened an offices in Aguadilla. IT has celebrated a milestone of 25 years working with SAP.
