DBT Bureau
Bengaluru, 16 January 2025
Infosys is planning to hire 20,000 freshers in the next financial year as the company is getting ready to cash in the demand revival in the IT outsourcing market.
The IT firm’s Chief Financial Officer, Jayesh Sanghrajka said during the post Q3 results interaction that the company will meet its target of onboarding 15,000 freshers for the current financial year.
“We have had strong hiring in Q3, with expansion of over 5,000 employees. We see (hiring) based on some our discretionary (spending), this will continue. But this will have seasonality as we see in our revenue,” Infosys’ CEO, Salil Parekh said.
Infosys has added headcount for the second consecutive quarter as it hired 5,591 employees in the third quarter ended December 31.
During December quarter, the Bengaluru-headquartered firm posted a net profit of Rs 6,806 crore, an increase of 11.4% over the same period of last year. Revenues of the firm stood at Rs 41,764 crore, growth of 7.6% year-on-year basis. In dollar term, revenue of the IT firm was at $4.93 billion, a rise of 1.7% sequentially in
constant currency term.
The company also saw an improvement in its operating margin to 21.3%, an increase of 20 bps over the previous quarter.
Infosys ADR was trading 5.45% down at $21.65 per share at NYSE on Thursday.
