Infosys to hire 24,000 freshers, expecting double-digit growth in FY22
India’s second-biggest IT major Infosys is looking at double-digit growth at the back of large deal wins and demand for digital in FY22. The company plans to hire 24,000 freshers from campuses in the next fiscal year, while it was 15,000 earlier in 2020-21.
Salil Parekh, CEO, and MD of the firm said, “The Infosys team has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry.”
Announcing the Q3 results UB Pravin Rao, COO, Infosys said, “This is also one of the reasons the company has ramped up it’s fresher hiring in FY22 from 15,000 to 24,000. “In this quarter, we have seen tremendous growth. Given the growth momentum we are seeing and high utilization…attrition can possibly pick up. Considering all that we have increased the fresher hiring to 24,000,”
The company said, at the end of the Q3, attrition rate stood at 10 percent, up from 7.8 percent in the previous quarter ending September 30.
The company posted a 16.6 percent year-on-year (YoY) rise in consolidated net profit at Rs 5,197 crore in Q3 as against Rs 4,466 crore in the year-ago quarter.