Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees
- Infosys attrition rate: The IT major added a net of 5,591 employees in the third quarter of the current fiscal, bringing its total headcount to 323,379 employees from 317,718 in the preceding quarter.
Infosys Q3 Results: Infosys announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Thursday, January 16, 2025, reporting an attrition rate of 13.7 per cent, compared to 12.9 per cent in the preceding September quarter and the year-ago period. Due to furloughs and fewer working days, the IT sector's December quarter is a seasonally weak quarter.
India's second-largest software services company added a net of 5,591 employees in the third quarter of the current fiscal year, bringing its total headcount to 323,379 employees from 317,718 in the preceding quarter. In the December quarter, women constituted 39 per cent of Infosys' total workforce.
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Infosys chief financial officer Jayesh Sanghrajka said the software services firm is on track to meet its hiring commitment and will hire over 15,000 staff in the current fiscal. “We are expecting 20,000 plus fresher hiring for FY26.”
Infosys Q3 Results
The IT giant reported a rise of 11 per cent in net profit on a pick-up in demand, prompting it to raise its annual sales forecast for a third time this fiscal year. The net profit rose to ₹6,806 crore in October-December, the third quarter of April 2024 to March 2025 fiscal (FY25), from ₹6,106 crore in the year-ago period.
Revenue rose 7.6 per cent to ₹41,764 crore. Infosys raised its full-year revenue growth forecast to 4.5-5 per cent from 3.75-4.5 per cent earlier. Infosys reported a rise in North American revenue after five quarters. That market accounts for 60 per cent of its total revenue.
“Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year-on-year growth, along with robust operating parameters and margins, clearly reflects the success of our differentiated digital offerings, market positioning, and key strategic initiatives,” said Salil Parekh, CEO, Infosys. Parekh said clients in the US, Infosys' biggest market, expect the economy to do well, giving confidence to the company.
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