Infosys attrition increased to 13.9% in Q1 of the FY 2021-22

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Infosys attrition increased to 13.9% in Q1 for the financial year 2021-22
The company's attrition rate increased to 13.9% than the previous quarter which was 10.9%. However, attrition is decreased than last year's June ending quarter in 2020 which was 15.6%.

India’s second-largest IT company Infosys has announced its first-quarter Q1 results for the financial year 2021-22. The company has reported a consolidated net profit of Rs 5,195 crore for the quarter ended June 30, thereby growing 2.3 percent sequentially.

The company’s Q1 consolidated revenue came in at Rs 27,896 crore, up 17.87 percent YoY, as against Rs 23,665 crore posted in the June quarter of FY21

The company’s attrition rate increased to 13.9% than the previous quarter which was 10.9%. However, attrition is decreased than last year’s June ending quarter in 2020 which was 15.6%.

Now total headcount of the company is 2,67,953. Infosys has added 8,334 people to its workforce in the first quarter of FY22.

Infosys workforce continues to be very diverse, comprising 38.8% women employees than the previous quarter which was 38.6% in Q4 FY21.

The company has reported revenue per Employee – Consolidated (In US $ K) 56.6 which was 55.2 in the previous quarter.

Announcing Q1 results for the financial year 2022 Salil Parekh, CEO & MD, Infosys said “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 percent 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 confidence to increase our revenue growth guidance to 14%-16 percent,” said Salil.

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