Infosys, India’s second-largest IT services company has announced its Q3FY22 results on Wednesday, January 12. It has announced a profit of Rs 5,809 crore for the third quarter and said it is planning to hire 55,000 freshers for FY22 as part of its global graduate hiring program.
While announcing the financial results of Q3FY22, Nilanjan Roy, Chief Financial Officer, Infosys said the company continues to prioritize investments in talent acquisition and development and have further increased the global graduate hiring program to over 55,000 for FY22,”
The company has added 15,125 people in the third quarter of FY 22 ended December 31 taking its total strength to 292,067 employees, he added.
It major has reported that attrition has risen to 25.5%, from 20.1% in the September quarter.
Salil Parekh, CEO, and MD, Infosys said, “The focus will remain on promoting the talent of the company’s employees. Under this, we continue to focus on skilling our workforce to meet every need of customers. Along with this, the welfare of the employees is also included in our priority,”
Recognitions in 2021
- Infosys recognized as a Top Employer in the 2021 India Workplace Equality Index (IWEI), won Silver for LGBT+ Inclusion.
- Infosys recognized among Top 50 India’s Best Workplace for Women 2021 by Great Place To Work in the large companies’ category.
- Infosys recognized as Exemplars of Inclusion in Working Mother & AVTAR Most Inclusive Companies Index 2021.
- Infosys recognized among Top 10 Working Mother and AVTAR Best Company for Women in India in 2021.
Global Graduate Hiring Program
Commenting on Global Graduate Hiring Program, the company said, “Next begins now. Join Infosys to help the world’s largest enterprises navigate their digital transformation journey. In the process, learn and progress your career continuously as you partner with others who share your aspirations and ambitions,”
The company further said, “India-based graduates can participate in our exclusive programs to get an opportunity to work with us in various roles.”
Visit the company’s career page for more details and opportunities.
Infosys has delivered strong Q3 performance with sequential growth of 7.0% in a seasonally weak quarter and year-on-year growth of 21.5% in constant currency. Growth remained broad-based and deal momentum robust, with digital transformation rapidly scaling across verticals and regions. Large deal wins accelerated with TCV of $2.53 billion in Q3. The operating margin for the quarter was healthy at 23.5%, with Free Cash Flow conversion at 92.6%. Our talent strategy continued to be a key focus area marked by efforts to further strengthen employee skilling and well-being while nurturing our workforce to fulfil client requirements.
“Our strong performance and market share gains are a testament to the enormous confidence our clients have in us to help them in their digital transformation. This stems from four years of sustained strategic focus on areas of relevance for our clients in digital and cloud, continued re-skilling of our people, and deep relationships of trust that our clients have with us. This is reflected in an upgrade in our revenue guidance to 19.5%-20.0% for FY22. We expect the healthy technology spend to continue with large enterprises progressing on their digital transformations”, said Salil Parekh, CEO, and MD.
“I am immensely proud of the relentless commitment of our employees during these challenging times and grateful for their extraordinary efforts in delivering success for our clients”, he added.