Semiconductor lasers (SLs) that are subject to delayed optical feedback and external optical injection have been demonstrated to perform information processing using the photonic reservoir computing paradigm. Optical injection or optical feedback can under some conditions induce bandwidth-enhanced operation, expanding their modulation response up to several tens of GHz. However, these conditions may not always result in the best performance for computational tasks, since the dynamical and nonlinear properties of the reservoir might change as well. Here we show that by using strong optical injection we can obtain an increased frequency response and a significant acceleration in the information processing capability of this nonlinear system, without loss of performance. Specifically, we demonstrate numerically that the sampling time of the photonic reservoir can be as small as 12 ps while preserving the same computational performance when compared to a much slower sampling rate. We also show that strong optical injection expands the reservoir’s operating conditions for which we obtain improved task performance. The latter is validated experimentally for larger sampling times of 100 ps. The above attributes are demonstrated in a coherent optical communication decoding task.