A top player in next-gen digital services and consulting company, Infosys has said in an exchange filing on May 3 that the Company has allotted 6,57,328 equity shares of face value of Rs. 5 each vide a resolution dated May 1, 2024, and approved on May 2, 2024.
The exercise of Restricted Stock Units by eligible employees is as hereunder:
- 3,41,402 equity shares under the 2015 Incentive Compensation Plan.
- 3,15,926 equity shares under the Infosys Expanded Stock Ownership Program 2019.
Consequently, on May 2, 2024, the issued and subscribed share capital of the Company stands increased to Rs. 20,75,76,23,960/- divided into 4,15,15,24,792 equity shares of face value Rs. 5/- each.
In April, Infosys and Intel, renowned for computing innovation, announced an expanded strategic partnership. They aim to aid global enterprises in expediting their AI initiatives.
The company has planned to utilize Intel’s AI training assets to enhance its employees’ proficiency in the Intel product portfolio.
In Q4FY24 and FY24, Infosys witnessed decreased hiring compared to previous quarters and fiscal years, reflecting a shifting trend.
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Despite a 1.4% year-on-year revenue increase in constant currency. In Fiscal Year 24, the company’s headcount dropped by 25,994 as of the Quarter ended Mar 31, 2023, the headcount was 343,234 and as of the Quarter ended Mar 31, 2024. The attrition decreased to 12.6% in FY24 Q4 from 20.90% in Q4FY23
| Infosys | Q4FY24 | Q3FY23 | Q4FY23 |
| Total employees | 317,240 | 322,663 | 343,234 |
| S/W professionals | 299,814 | 304,590 | 324,816 |
| Voluntary Attrition % (LTM – IT Services) | 12.6% | 12.9% | 20.9% |
| % of Women Employees | 39.3% | 39.3% | 39.4% |
This marks the first annual decline in headcount for the company in over twenty years, signaling a notable shift in its workforce dynamics.
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