Infosys, after six consecutive quarters of drop in employee strength, added about 2,500 employees on a net basis in the September quarter. The attrition rate stood at 12.9 per cent versus 12.7 per cent quarter on quarter.
Infosys reversed a six-quarter hiring downturn by adding 2,456 employees during Q2 of fiscal year 2025 (July-September).
This increased its workforce to 317,788 by the end of September, up from 315,332 in the prior quarter (April-June).
The company expressed gratitude to its employees for their unwavering commitment to clients as it continues to strengthen its market leadership.
The IT major on Thursday reported a 4.7 per cent rise in the September quarter net profit.
The previous quarter (June) had seen a reduction of 1,908 employees at India’s second-largest IT services firm, marking the sixth consecutive quarter of decline.
Earlier in May, Infosys had projected hiring 15,000-20,000 freshers for the fiscal year ending March 2025.
Infosys Attrition
Attrition in Q2 slightly rose to 12.9%, up from 12.7% in Q1, but still lower than the 14.6% recorded in the same quarter last year.
Salil Parekh, CEO and MD of Infosys said that the IT major achieved strong quarter-on-quarter growth of 3.1% in constant currency during Q2, with widespread growth, especially in financial services.
This success was driven by the company’s industry expertise, leading cloud solutions with Cobalt, and generative AI offerings through Topaz, which increased client interest in partnering with the firm.
Large Deals
Additionally, Infosys secured large deals worth $2.4 billion in Q2, highlighting its unique market position.
The company reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broad based growth.
Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
Revenue was up 4.2 per cent at Rs 40,986 crore.
Infosys for the second consecutive quarter raised the 2024-25 fiscal year revenue guidance. It now anticipates a growth of 3.75 to 4.50 per cent in revenue in the fiscal year April 2024 to March 2025, up from 3-4 per cent band it had given in the previous quarter.
The company had in July raised the revenue guidance for the fiscal from 1-3 per cent anticipated previously.
