Infosys in Elite Company: Infosys stands as the lone Indian representative in TIME Magazine’s prestigious ‘World’s Best Companies 2023’ list, placing 64th globally.
Dominated by Big Tech: The list is heavily dominated by Big Tech giants, with Microsoft, Apple, Alphabet (Google’s parent company), and Meta Platforms leading the rankings.
Global Recognition: Infosys’s inclusion underscores its global prominence among the top three professional services firms worldwide.
Formula for Ranking: TIME’s list factors in revenue growth, employee satisfaction surveys, and extensive environmental, social, and corporate governance (ESG) data.
Challenging Year for Big Tech: Despite challenges like layoffs, major tech firms emerged as top performers for investors, employees, and sustainability.
Microsoft’s Remarkable Growth: Microsoft, the leader on the list, recorded a 63% increase in revenue, totaling $72 billion in its latest fiscal year.
Environmental Commitment: Microsoft also reduced overall emissions by 0.5%, highlighting its commitment to sustainability.
Shift in Global Economic Order: The rankings signal a shift in the global economic landscape, with fast-moving tech and business-services companies surpassing traditional manufacturing and consumer-goods firms.