Infosys offers salary hikes from April, to hire 50,000 freshers this year.Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore.In order to hire 50,000 freshers this year, salary hike was made by Infosys. Details here.
Infosys is offering pay raises beginning in April.Infosys hired 85,000 freshers in the previous fiscal year and expects to hire another 50,000 in the current fiscal.
The attrition rate at Infosys increased to 27.7% in the March quarter, up from 25.5 percent in the previous quarter, but management felt sure that the number was actually lower.
For FY23, the company expects robust sales growth of 13-15 percent, with operating margins of 21-23 percent. Infosys’ Q4 figures fell just short of expectations, indicating a weakening demand for software and IT services as employers exit work-from-home arrangements in the post-pandemic environment.
The company’s net profit for the fourth quarter ended in March increased by approximately 12% to $5,686 crore ($747 million), compared to analysts’ expectations of a profit of 6,000 crore.
The company’s revenue increased by 23% to 32,276 crores in the January-March period.
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“With a broad-based performance driven by fundamentally differentiated digital and Infosys Cobalt led cloud capabilities, propelled by the ‘One Infosys’ approach, Infosys delivered its greatest yearly growth in a decade.” “We are gaining market share as a result of our clients’ continued trust in our ability to successfully navigate their digital journeys,” stated Salil Parekh, CEO and MD of Infosys.
Constant Currency revenues increased by 21% year over year and 1.2 percent sequentially, while reported USD revenues increased by 18% year over year to $4,280 million. Follow our site for daily updates.
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