10 Best Debt-Free IT Stocks to Buy Now

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6. Infosys Limited (NYSE:INFY)

EV-to-Market Cap Ratio: 0.94

Stock Upside Potential: 14.19%

Number of Hedge Fund Holders: 31

Infosys Limited (NYSE:INFY) is one of the best debt-free IT stocks to buy now. On June 2, Infosys Limited (NYSE:INFY) confirmed the expansion of its strategic collaboration with Norway’s largest bank, DNB Bank ASA. As part of the expanded partnerships, the bank is to leverage the company’s NICE Actimize X-Sight Enterprise platform to modernize its Financial Crime operations.

Consequently, Infosys is to implement a secure, scalable system that supports seamless data integration, advanced analytics, and intelligent automation. It will also integrate X-Sight’s key solutions for anti-money laundering and fraud to enhance DNB’s customer risk visibility.

In addition, Infosys is to help DNB transform fragmented legacy systems into an intelligence-driven, cloud-native platform. The ultimate goal is to enhance risk insights, improve detection accuracy, and  enhance regulatory compliance. The integration will result in the end-to-end modernization  of the bank’s FinCrime technology landscape. The bank will also be able to detect earlier, investigate more effectively, and respond with greater consistency.

Infosys Limited (NYSE:INFY) is a global technology services and consulting company that helps businesses digitally transform their operations. It provides a wide range of services, including custom software development, artificial intelligence (AI) solutions, cloud computing, and IT outsourcing.

While we acknowledge the potential of INFY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INFY and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Debt-Free IT Stocks to Buy Now.

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