Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / People/  Infosys adds nearly 22,000 employees in Q4, attrition rate rises sharply
BackBack

Infosys adds nearly 22,000 employees in Q4, attrition rate rises sharply

Infosys' consolidated net profit rose 12% to ₹5,686 crore for the March quarter

An Infosys Ltd. office building in the Electronic City area of Bengaluru, India (Bloomberg)Premium
An Infosys Ltd. office building in the Electronic City area of Bengaluru, India (Bloomberg)

While announcing its Q4FY22 results, IT giant Infosys said that its Voluntary Attrition % for LTM - IT Services rose to 27.7% as compared to 25.5% in the previous quarter and 10.9% in the year-ago quarter.

Meanwhile, the IT company added nearly 22,000 employees during the fourth quarter as total headcount stood at 3,14,015 from 2,92,067 in the December 2021 quarter, Infosys informed in an exchange filing on Wednesday.

“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 opportunities", said Infosys CEO and MD Salil Parekh in the release.

Infosys' consolidated net profit rose 12% to 5,686 crore for the March quarter. It was 5,076 crore in corresponding quarter of the pervious fiscal. The company's revenue from operations rose 23% to 32,276 crore in the fourth quarter as against 26,311 crore a year ago.

The company has set a revenue growth guidance for FY23 at 13%-15% for FY23 and an operating margin guidance of 21%-23%. Infosys' board has recommended a final dividend of 16 per equity share for the financial year ended March 31, 2022.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 13 Apr 2022, 04:43 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie