With job loss rates rising steadily amid a strong demand-driven environment, software major Infosys on Wednesday said it has hired 85,000 freshers – both on-campus and on-campus – in the financial year ended March 31, 2022. Infosys Declared its Q4 results on the day where the company reported a consolidated net profit of Rs 5,686 crore. This was an increase of around 12 per cent as compared to Rs 5,076 crore in the year-ago quarter.
Infosys Recruitment
Infosys hired 54,396 employees for the year, and the company said that it is looking to provide jobs to over 50,000 freshers in FY23. “In the last year, we have hired 85,000 freshers across India and globally. Nilanjan Roy, Chief Financial Officer of Infosys, told reporters after announcing the fourth quarter results.
“With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with customers as they transform, adapt and thrive. Salil Parekh, Chief Executive Officer, Bengaluru-based IT company, said, “We will grow talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on market expansion opportunities.
The IT major said it had increased its new recruitment program from 55,000 to 85,000 to meet the strong demand for its services. This comes at a time when the workforce for Infosys has swelled amid a surprising new war for tech talent in the country. Infosys CEO Salil Parekh said attrition stood at 27.7 per cent.
“With a strong demand environment ahead, we envisage making appropriate long-term investments in capacity building across sales, distribution and innovation. However, we plan to neutralize some of the impacts through aggressive cost optimization programs and value-based pricing driven by service and brand differentiation. This, along with normalization of post-pandemic expenses, is reflected in margin guidance,” Roy further said.
Infosys Salary Hike
With the declaration of Q4 results, Infosys is likely to provide salary hike to employees in the coming financial year. The organization has targeted a strong revenue growth guidance for FY13 at 13-15 per cent, with operating margins at 21-23 per cent.
“Infosys has delivered the highest annual growth in a decade, with a massive performance driven by widely differentiated digital and Infosys Cobalt-led cloud capabilities, driven by the ‘One Infosys’ approach. We continue to gain market share as a result of continued customer confidence in our ability to successfully navigate the journey.”
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