Wipro Outpaces Rival Infosys In Filing Patents
If not in revenue, India’s third largest software services provider Wipro has outpaced its rival Infosys in filing patent application in the last one year. According to a report in Business line, Wipro has filed 200 patent applications in 2013-14, more than double the number of applications submitted by rival Infosys in the fiscal.
Apart the patent requests, the company has also filed over 200 trademark applications in various jurisdictions across the world, said Wipro’s annual report. This is a significant rise from the previous financial year, when the company had filed for 53 patents.
The report mentions that Infosys, the country’s second largest IT exporter, has seen a dip in the number of patents filed for this fiscal. Experts believe the company was more into focus on account of coping with high attrition and internal management issues and appointment of the new CEO Vishal Sikka.
In its annual report, Infosys said it filed 79 unique patent applications in the US Patent and Trademark Office and the Indian Patent office in FY-14. In contrast, it had filed for 97 patents of which 87 were granted, said the report. In fact in 2011-12, Infosys had filed for 153 patents, a clear 50 percent hike in the last one decade. In the same time frame, Wipro had applied for 53 new patents of which 15 were granted. In the last fiscal, Infosys’ R&D too went down. According to the annual report, the company’s spend decreased marginally from Rs 907 Crore to Rs 873 Crore.
However, until now, Tata Consultancy Services (TCS), the country’s largest software company has recorded the highest number of patents among IT services providers. The company has filed 443 patents in 2013-14 out of which, 33 were granted, according to its annual report. These filings take the total number of patent applications filed by TCS to 1,746, of which, 114 have been granted.
Even smaller IT firms are stepping up their intellectual property (IP) efforts taking advantage of the opportunities and trends in technologies such as social media, mobiles and cloud computing. As Ray Wang, principal analyst and chief executive of Constellation Research says in a report, by applying differentiated IP creation, enabling Big Data (analyzing the mountains of information that companies generate) business models, delivering innovation value chains and leading partner ecosystems, Indian IT services firms can create new, high-volume, high-value opportunities to fend off margin threats and become truly global players.
However, Indian companies are still way behind global multinationals. IBM, for instance, was awarded more US patents than any other company for more than two decades. The company’s 6,809 patents awarded last year represent a wide range of inventions that will position the company to compete and lead in strategic areas such as cloud computing and big data analytics, it said in its annual report.
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