Indian second-largest IT services provider, Infosys announced its Q4FY22 results yesterday and confirms that its attrition rate has risen sharply to 27.7% as compared to 25.5% in the previous quarter.
The company has added nearly 22,000 employees in the fourth-quarter ending on March 31, 2022. The total headcount stood at 3,14,015 from 2,92,067 within the December 2021 quarter.
Salil Parekh CEO & MD, Infosys said, “We delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach.”
“We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys.” He added.
Salil Parekh further said, “With the acceleration of digital disruptions throughout industries, we see immense potential to have interaction and accomplice with purchasers as they remodel, adapt and thrive.”
He future added, “We will scale expertise globally, spend money on staff, and speed up innovation and digital capabilities to capitalize on the increasing market alternatives.”
Infosys consolidated web revenue rose 12% to Rs.5,686 crore for the March quarter. It was Rs. 5,076 crore in the corresponding quarter of the previous fiscal.
The firm’s income from operations rose 23% to Rs. 32,276 crore within the fourth quarter as towards Rs. 26,311 crores a 12 months in the past.
“In a year marked by intense supply-side challenges, Infosys delivered strong financial performance – EPS growth of 15.2%, Free Cash Flows surpassing $3 billion, and Return on Equity of 29.1%, reflecting the company’s success, driven by client-centricity and rich capabilities,” said Nilanjan Roy, Chief Financial Officer.
“The Board has proposed a final dividend of Rs.16 per share, taking the total dividend for FY22 to Rs. 31 per share, an increase of 14.8% over the prior year.” Nilanjan added.
He further said, “With a robust demand environment ahead, we envisage making appropriate long-term investments in capability building across sales, delivery, and innovation.”
“However, we plan to neutralize some of the impact through aggressive cost optimization programs and value-led pricing driven by service and brand differentiation. This, along with postpandemic normalization of expenses, is reflected in the margin guidance”, he added.
