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Infosys hiring 50,000 freshers in FY23, offers salary hike this month

IT Tech giant, Infosys said that it has already hired 85,000 freshers both off-campus and on-campus in the financial year 2022 which ended on March 31.

Infosys attrition rate reaches 27.7% in the March quarter, up from 25.5% in the December quarter, but the management was confident that attrition was actually down in the last quarter.

The total headcount stood at 3,14,015 from 2,92,067 within the December 2021 quarter.

Infosys has hired 54,396 freshers for this financial year, and the company said that it was looking to provide jobs to over 50,000 more freshers in FY23.

Infosys chief financial officer Nilanjan Roy told journalists at a press conference after declaring the results of the fourth quarter, “In the last year, we have hired 85,000 freshers across India and globally. We are planning to hire upwards of at least 50,000 (this year) and will see how this plays out but that it just initials figures.”

Chief Executive officer Salil Parekh has added, “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 opportunity.”

Parekh has said, “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys.”

Infosys is most likely to increase the salary of employees in the coming financial year after the results for Q4 were announced. The organization has aimed for a strong revenue growth guidance for FY23 at 13-15 percent, with operating margins at 21-23 percent.

Net profit for the fourth quarter through March rose about 12% to ₹5,686 crores ($747 million), while analysts had expected a profit of Rs. 6,000 crores.

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