Infosys, a provider of next-generation digital and consulting services, is aiming to hire over 25,000 freshers in the ongoing financial year. The company is also planning to give out salary hikes from the month of July.
The attrition rate at the end of the March quarter was reported at 15.2 per cent despite a pay hike given out in January.
“Attrition has picked up, largely reflecting a strong demand environment, but we remain confident of our employee engagement initiatives, vast talent pool and training capabilities to ensure seamless execution,” said Pravin Rao, Chief Operating Officer.
The company has also recently reported its FY21 performance. It states that it has delivered strong FY21 performance with 5.0% CC growth, and growth accelerating to 9.6% in Q4 – in the face of a turbulent economic environment. Operating margin for the year expanded by 3.2% and Free Cash Flows increased by 38.5%, according to a statement.
“I am very pleased with our performance this year and incredibly proud of our employees for the passion and commitment they displayed despite a very tough environment. We have crossed a milestone of `100,000 crore in revenue in FY21. Our intense focus on client relevance, growing our digital portfolio with differentiated capabilities like Infosys CobaltTM, and empowering employees have helped us emerge as a preferred ‘partner-of-choice’ for our global clients. Our record large deal wins stand testimony to the effectiveness of this approach”, said Salil Parekh, CEO and MD.
“A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22”, he added.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.