Stock of the Year 2023 | Axon Enterprise vs Infosys

Equity Mates Stock of the Year is back again, and this time, Bryce and Ren have selected Axon Enterprise and Infosys to go head-to-head.

Alec’s choice: Axon Enterprise (NASDAQ: AXON)

Axon Enterprise, previously known as Taser International, has been providing non-lethal weapons to law enforcement agencies worldwide since the 1970s. With the rise of police accountability and the demand for body-worn cameras, Axon Enterprise has been at the forefront of these changes. Its primary product is the Taser stun gun, which incapacitates targets with an electric shock. Recently, Axon Enterprise has been trying to move to a recurring revenue model, & the results have been promising. In 2016, 34% of its revenue came from recurring sources, & in 2020, that number had risen to 73%. Over the past 12 months, the stock has risen by 34%.

Bryce’s choice: Infosys (NYSE: INFY)

Infosys is an Indian multinational technology company that provides consulting, software development, & outsourcing services to its clients. Its services range from helping companies set up an online store to creating mobile apps for banking customers. The company has a global footprint, with over 300,000 employees in 54 countries. It's been carbon-neutral for the past 3 years, which is an impressive feat. Boasts a market cap of $80 billion and a balance sheet that shows $2.3 billion in cash & no debt.Its also grown revenue from $10 billion to $17 billion over the past five years, with a compound annual growth rate (CAGR) of 11%.

Who's getting the crown in 2023?

Bryce mentions the Rask x EM course, check it out here.

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