37,000 Infosys Employees Resigned In 90 Days; 35,000 Freshers Will Be Hired Across India
Infosys is planning to hire 35,000 college graduates for the financial year 2022.
Chief Operating Officer Pravin Rao. “As the demand for digital talent explodes, rising attrition in the industry poses a near-term challenge. We plan to meet this demand by expanding our hiring program of college graduates for FY 22 to 35,000 globally.”
Infosys Employee Base
During the quarter-end of June 30, the company added 2,67,953 new employees, bringing its total workforce to 2,67,953.
During the quarter, the company saw 13.9 per cent attrition, compared to 10.9 per cent the prior quarter. Infosys noted in a statement that women now make up 38.6% of the company’s overall workforce.
“Employee wellbeing is of paramount importance to us and we have had multiple interventions in this regard including facilitating vaccination for them and their dependents. We rolled out several intense employee engagement initiatives including career acceleration opportunities, compensation reviews and learning & development interventions.,” said Rao.
“Our clients continue to be supportive of the multiple initiatives we have undertaken; they value the delivery commitments we have met even during these extraordinary times”, he added
Infosys Revises Revenue Guidance
Infosys on Wednesday reported a quarterly increase of 22.7 per cent year-on-year (YoY) in June 2021 (Q1FY22) consolidated profit at Rs 5,195 crore, over Rs 4,233 crore posted in the corresponding quarter year-ago.
In currency terms, consolidated sales jumped 6% quarter-on-quarter to Rs 27,896 crore in Q1FY22, while topline revenue increased 4.7 per cent sequentially to $3,782 million, exceeding CNBC-TV18 poll forecasts of Rs 27,718 crore and $3,758 million for the quarter. In constant currency, revenue increased by 4.8 per cent from the previous quarter.
“Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9 per cent year-on-year and 4.8% quarter-on-quarter in constant currency. I am proud of our employees, who as ‘One Infosys’ demonstrate resilience and commitment in delivering for our clients. This gives us the confidence to increase our revenue growth guidance to 14%-16 per cent”, said Salil Parekh, CEO and MD.