Infosys is to hire 22000 Employees in Q4: Attrition rate is rising consistently!!! – At the time of announcing Infosys Q4F22 result, Infosys said the attrition rate rose to 27.7% as its compared to previous quarter 25.5%. A year ago the Attrition rate was 10.9%. Meanwhile, Infosys reported in an exchange filing on Wednesday that it gained about 22,000 people in the fourth quarter, bringing its total workforce to 3,14,015 from 2,92,067 in the December 2021 period.
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Infosys CEO and MD Salil Parekh said that, “With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunities”.
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Infosys also informed that their net profit rose by 12% to ₹5,686 crore for the March quarter. It was ₹5,076 crore in corresponding quarter of the previous fiscal. The company’s revenue from operations rose 23% to ₹32,276 crore in the fourth quarter as against ₹26,311 crore a year ago.
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Following Infosys, TCS also planned to appoint 78,000 fresher’s in FY22. The TCS attrition increased to 17.4 percent in the quarter, from 8.6 percent in the beginning of the year and 11.9 percent in the December 2021 quarter. 2022 passing outs are recommended to stay connected with our website to get instant updates regards IT companies off campus recruitment.
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