India’s second-largest IT services company, Infosys, yesterday released its financial results for the second quarter of fiscal year 2025 (Q2 FY25).
Despite a dynamic business landscape, Infosys demonstrated resilience and growth.
Infosys Q2 FY25 Results
IT giants reported quarterly revenue of ₹40,986 crore, representing a robust 5.1% increase compared to the same period last fiscal year.
This growth reflects the company’s ability to navigate market challenges effectively.
The net profit for Q2 FY25 stood at ₹6,506 crore, marking a YoY growth of 2.2%. While this growth is steady, Infosys continues to focus on optimizing margins.
Operating margins remained stable at 21.1% for Q2, aligning with the company’s guidance.
Infosys aims to strike a balance between profitability and investment in growth initiatives.
Infosys revised its revenue growth guidance for FY25 to 3.75%-4.5% in constant currency terms, up from the previous guidance of 3-4%.
This adjustment reflects the company’s confidence in its performance trajectory.
Headcount Trends and Large Deals
After six consecutive quarters of decline, Infosys reversed the trend by adding 2,456 employees during Q2 FY25, bringing the total headcount to 3,17,788.
However, the total headcount is down from 328,764 in the year-ago period. The employee count is down 10,976 from the previous year.
This hiring surge reflects the company’s commitment to talent acquisition and retention.
This comes at a time when the company has started opening up hiring across levels, including freshers.
Infosys attrition rate stood at 12.9% during the quarter under review, higher as compared to 12.7% as of June 30, 2024.
In FY25, Infosys plans to hire around 15,000-20,000 freshers following a year of hiring slump.
Notably, Rival Tata Consultancy Services (TCS) added 5,726 employees and HCLTech lost 780 employees.
Infosys secured large deals with a total contract value of $2.4 billion in Q2, although this figure decreased from the previous quarter.
Meanwhile, 41% of these deals were net new business.
The company witnessed traction in newer growth markets, including the Middle East and Japan. Additionally, nearshoring initiatives are progressing well.
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