Following a strong result for the quarter ending September 30, 2021 and a very high attrition rate, the IT giant Infosys is all set to expand its hiring programme for freshers.
As per reports, it has plans to hire 45,000 college graduates this financial year as compared to its earlier target of 35,000, Infosys said in a statement.
Earlier at the end of June quarter, Infosys had said that it would hire around 35,000 college graduates. However, with an employee attrition rate of 20.1% as compared to the last year level of 12.8%, it changed its plan and is all set to hire 10,000 more.
As Infosys eyes more contracts from international market expanding their digital offerings during the COVID-19 pandemic, the IT company raised its annual revenue outlook on Thursday.
The company has forecast revenue to rise between 16.5% and 17.5% in the financial year March 2022, compared to its July prediction of 14% to 16% growth. It maintained its margin forecast for fiscal 2022 at 22% to 24%.
While its consolidated net profit came in at Rs 5421 crore, revenue from operations climbed 20.5%, to Rs 29,602 crore. Infosys also announced interim dividend of Rs 15 per share for FY22.
"Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings. As we witness a strong market opportunity with global enterprises rapidly accelerating their digital journeys, our sustained investments in expanding capabilities, including the differentiated cloud play, Infosys CobaltTM, has uniquely positioned us to continue serving our clients effectively, gain market share and emerge as the preferred cloud and digital transformation partner in the market," Live Mint quoted Salil Parekh, CEO and MD, as saying.