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Infosys has announced that it has been named one of the top three most valuable IT services brands in the world by Brand Finance. According to the Brand Finance Global 500 2023 report, Infosys' brand value has increased by 84% from 2020, placing it in the top 150 most valuable brands worldwide.
Infosys Statement
"Sustained client engagement, best-in-class execution quality, and a strong commitment to purpose are differentiators for brand Infosys. Strengthening its place among the industry's chosen partners for navigating digital transformation," said Salil Parekh, CEO of Infosys, in a statement.
"Strategic investments in employee care and development, as well as our strong commitment to environmental, social, and governance concerns, have helped Infosys maintain its market-leading position as a business and as a valued brand," he said.
Brand Finance's Global Ranking
Brand Finance's Global 500 2023 study currently ranks the firm among the top three most valuable IT Services brands worldwide for the second year. Brand Finance is a brand valuation agency that annually assesses the world's most valuable and powerful brands.
"Infosys recently celebrated four decades of achievement, during which time they developed a brand of excellence with a brand value that continues to rise as Infosys climbs the ranks. Due to the outstanding leadership of their CEO, Salil Parekh, and exceptional digital services, Infosys maintains its strong position as one of the top three IT services brands in the world and has climbed to become one of the world's top 150 brands "Brand Finance CEO, and Chairman David Haigh said.
Conclusion
According to Brand Finance, Amazon has recovered the top rank as the world's most valuable brand despite its brand worth declining 15% this year from US $350.3 billion to US $299.3 billion. Apple (brand value down 16% to US$297.5 billion) has fallen to second place globally, with a brand value of US$355.1 billion. The ranking contained 48 tech businesses, two fewer than the 50 featured in 2022.