Infosys To Hire 50,000 Freshers in FY23, Salary Hike This Month

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Infosys To Hire 50,000 Freshers in FY23 | Infosys, a leading IT company, reported hiring 85,000 freshers off-campus as well as on-campus in the financial year 2022 which ended on March 31.

Infosys To Hire 50,000 Freshers in FY23, Salary Hike This Month

Infosys’ attrition rate reached 27.7% in the March quarter, up from 25.5% in the December quarter, but the management is confident that attrition is actually down.

Within the quarter ended December 2021, there were 3,14,015 employees, up from 2,92,067.

Information Systems hired 54,396 freshers for this year’s financial year, and the company plans to hire another 50,000 freshers in FY23.

Infosys’ chief financial officer Nilanjan Roy told journalists at a press conference after declaring the results of the fourth quarter, “In the last year, we have hired 85,000 freshers across India and globally.

We are planning on hiring at least 50,000 (this year) and will see how this plays out, but these are just preliminary figures.”

Salil Parekh, Chief Executive Officer, has added, “With the acceleration of digital disruption across industries, we see tremendous opportunities to engage and partner with clients as they transform, adapt, and thrive.”

To capitalize on the growing market opportunity, we will scale talent globally, invest in employees, and accelerate innovation and digital capabilities.”.

Parekh has said, “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach.

We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys.”

It is most likely that Infosys will raise the salaries of its employees in the coming financial year after the Q4 results are announced. We are expecting a strong revenue growth rate of 13-15 percent for FY23, with operating margins of 21-23 percent.

Net profit for the fourth quarter through March rose about 12% to ₹5,686 crores ($747 million), while analysts had expected a profit of Rs. 6,000 crores.

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