 "TCS, Wipro seek more patents as IT firms ups R&D spend")
Tata Consultancy Services, India’s largest software exporter, and Wipro, its smaller rival, have increased spending on research and development over the last three years and have filed more patents.
TCS increased its R&D expenditure to Rs 1,278 crore in 2016-17 from Rs 909.25 crore in 2015-16 as it invests in newer technologies in emerging areas such as artificial intelligence, data science and high performance computing. TCS filed 3,359 patent applications in 2016-17, up from 2,842 a year ago. In 2014-15, it filed 509 patent applications.
Wipro has increased R&D spending to Rs 333.8 crore in 2016-17 from Rs 251.3
TCS increased its R&D expenditure to Rs 1,278 crore in 2016-17 from Rs 909.25 crore in 2015-16 as it invests in newer technologies in emerging areas such as artificial intelligence, data science and high performance computing. TCS filed 3,359 patent applications in 2016-17, up from 2,842 a year ago. In 2014-15, it filed 509 patent applications.
Wipro has increased R&D spending to Rs 333.8 crore in 2016-17 from Rs 251.3
