Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees
2 months ago

Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees

Live Mint  

Infosys Q3 Results: Infosys announced its October-December quarter results for fiscal 2024-25 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. 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. “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.

Cent Infosys Quarter Results December Quarter  net  lakh  total  attrition  revenue  crore  rises  yearago  headcount  5591  quarter  results  rate  employees  cent  323  fiscal  infosys

History of this topic

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore
1 week, 2 days ago

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

Live Mint  

Infosys block deal on March 12: Shruti Shibulal, one of Infosys's promoters, acquired additional shares of India's second-largest information technology giant on Wednesday, March 12, through an open market transaction for ₹469 crore. Infosys Q3 Results On January 16, the Sahil Parekh-led tech giant reported a rise of 11.4 per cent in net profit to ₹6,806 crore in the October-December …

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%
3 weeks, 3 days ago

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%

Live Mint  

Infosys salary hike: India’s second-largest information technology services company, Infosys, has begun implementing employee salary hikes. On average, the salary hikes for most of the employees at Infosys range from 5-8 per cent. "Broadly, the comp that we are expecting is 6-8 per cent in India, and the overseas comps will be in line with the earlier comp reviews," Infosys’ …

Infosys employees get 5-8% salary hikes, lower than before: Report
3 weeks, 3 days ago

Infosys employees get 5-8% salary hikes, lower than before: Report

India Today  

Infosys has rolled out salary hikes for its employees, but the increases are lower than in previous years, according to a report by The Economic Times. The IT firm sent salary revision letters to employees, offering hikes between 5% and 8% for most, depending on their performance rating. The company classified employees into three performance categories "met expectations," "commendable performance," …

Infosys Layoffs: IT major gives pink slips to 400 campus recruits after they fail evaluation test
1 month, 2 weeks ago

Infosys Layoffs: IT major gives pink slips to 400 campus recruits after they fail evaluation test

Live Mint  

Infosys Layoffs: IT major Infosys Limited is in the process of laying off 400 trainees after they failed evaluation tests in three consecutive attempts, reported the news portal Moneycontrol, citing people aware of the development. “At Infosys, we have a rigorous hiring process where all freshers, after undergoing extensive foundational training at our Mysuru campus, are expected to clear internal …

What do early salary hikes at Infosys say about India's IT sector
1 month, 2 weeks ago

What do early salary hikes at Infosys say about India's IT sector

Firstpost  

Infosys usually rolls out hikes in June by sending revision letters for increments effective from April. However, this system was not followed in 2024 for the appraisal cycle of September 2022-October 2023 India’s largest IT services firm Infosys has announced that it will roll out annual salary hikes starting as soon as February. People familiar with the developments told the …

What do early salary hikes at Infosys say about India's IT sector
1 month, 2 weeks ago

What do early salary hikes at Infosys say about India's IT sector

Firstpost  

Infosys usually rolls out hikes in June by sending revision letters for increments effective from April. Image source: Infosys India’s largest IT services firm Infosys has announced that it will roll out annual salary hikes starting as soon as February. People familiar with the developments told the Economic Times that the company’s chief human resources officer told employees that “those …

Infobean Technologies Q3 Results 2025 on 29 Jan, 2025: profit rise by 26.98% YOY, profit at ₹7.06 crore and revenue at ₹96.33 crore
1 month, 3 weeks ago

Infobean Technologies Q3 Results 2025 on 29 Jan, 2025: profit rise by 26.98% YOY, profit at ₹7.06 crore and revenue at ₹96.33 crore

Live Mint  

Infobean Technologies Q3 Results 2025:Infobean Technologies declared their Q3 results on 28 Jan, 2025. Infobean Technologies Q3 Results The operating income was down by 37.74% q-o-q but showed a significant increase of 136.81% Y-o-Y. Infobean Technologies has delivered -23.22% return in the last 1 week, -28.45% return in the last 6 months, and -23.39% YTD return. Infobean Technologies Financials Period …

TCS, Infosys, HCL Tech, Wipro: What Q3 headcount of BIG 4 Indian IT giants indicate?
1 month, 3 weeks ago

TCS, Infosys, HCL Tech, Wipro: What Q3 headcount of BIG 4 Indian IT giants indicate?

Live Mint  

The big boys of the Indian IT sector plan to ramp up hiring in the next financial year, driven by green shoots in demand and signs of healthy economic growth in key Western markets. In the recently concluded December quarter, the big four IT companies—TCS, Infosys, HCL Technologies, and Wipro—announced their plans to add more employees in the ongoing quarter …

Infosys shares plunge 6% despite beating Q3 estimates, analysts raise concerns
2 months ago

Infosys shares plunge 6% despite beating Q3 estimates, analysts raise concerns

Hindustan Times  

Shares of India's No.2 IT company Infosys fell nearly 6% on Friday despite beating third-quarter result estimates, as analysts raised concerns about the quality of earnings. The company's revenue growth was driven by a higher component of "third-party items" in its deal pipeline, "which drove concerns around the quality of the beat and raise", Morgan Stanley analysts said in a …

Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report
Trending News
2 months ago

Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report

Hindustan Times  

Infosys will be rolling out 6-8% annual salary hikes for employees in India from January 2025, according to a Moneycontrol report. "Broadly, the comp that we are expecting is 6-8% in India, and the overseas comps will be in line with the earlier comp reviews," the report quoted Infosys’ Chief Financial Officer Jayesh Sanghrajka as saying while addressing the press …

Infosys is said to offer 6-8 per cent salary hike to employees
2 months ago

Infosys is said to offer 6-8 per cent salary hike to employees

India Today  

Infosys is reportedly gearing up to offer a salary hike of 6-8 per cent to its employees, with the increments set to be rolled out in two phases, starting from January 1, 2025, and April 1, 2025. Jayesh Sanghrajka, the Chief Financial Officer of Infosys, indicated that these salary hikes are likely to impact the company’s margins in the last …

Infosys ADR down 6% on NYSE after IT major reports Q3FY25 results
2 months ago

Infosys ADR down 6% on NYSE after IT major reports Q3FY25 results

Live Mint  

Infosys ADR: American Depository Receipt shares of India's second-largest software services provider witnessed a sharp decline on the New York Stock Exchange after declaring its October-December quarter results for fiscal 2024-25. Infosys ADR crashed six per cent to $21.515 on the American stock exchange even after the IT major hiked its FY25 revenue growth guidance for the third straight quarter …

Infosys Q3 net profit rises 11.4%; revises full-year revenue guidance upwards
2 months ago

Infosys Q3 net profit rises 11.4%; revises full-year revenue guidance upwards

The Hindu  

Infosys Ltd., Bengaluru-based tech firm, on Thursday reported a 11.4% year-on-year growth in net profit to ₹6,806 crore. Buoyed by Q3 performances and positive market outlook, the company revised its FY25 revenue guidance upwards to 4.5-5% from 3.75-4.5%. ‘’This has led to another quarter of strong large deal wins and improved deal pipeline giving us greater confidence as we look …

Infosys beats TCS as growth continues on the back of North America business
2 months ago

Infosys beats TCS as growth continues on the back of North America business

Live Mint  

The growth engines that fuelled Infosys Ltd’s performance in the first half of the financial year retained momentum in the December quarter helped by strong business in its core North American market. India’s second-largest information technology services company also raised its full-year revenue outlook for the third time this financial year, crediting improving discretionary spending by financial services companies in …

IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore; here are 5 key highlights
2 months ago

IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore; here are 5 key highlights

Live Mint  

Infosys, India's second-largest IT services exporter, posted an 11 per cent year-on-year increase in consolidated net profit, reaching ₹6,806 crore, while its revenue from operations rose by 8 per cent YoY to ₹41,764 crore. Here are five key highlights from Infosys Q3 results - Net profit The company reported a net profit of ₹6,806 crore for the quarter under review, …

Infosys Q3 Results: Net profit rises 11.4% YoY to ₹6,806 crore; revenue up 7.6%
2 months ago

Infosys Q3 Results: Net profit rises 11.4% YoY to ₹6,806 crore; revenue up 7.6%

Live Mint  

Infosys Q3 results: Indian information technology company, Infosys announced its October-December quarterly earnings for the financial year 2024-25 today, Thursday, January 16, 2025. Check Live blog The company posted a new profit of ₹6,806 crore in the quarter under review as against ₹6,106 crore in Q3FY24, up 11.4 percent on a year-on-year basis. Meanwhile, its revenue rose 7.6 percent to …

Infosys Q3 Results: Net profit surges 11% to Rs 6,806 crore, revenue up 8%
2 months ago

Infosys Q3 Results: Net profit surges 11% to Rs 6,806 crore, revenue up 8%

India Today  

IT giant Infosys reported its third quarter results on Thursday, posting an 11% year-on-year rise in consolidated net profit to Rs 6,806 crore. The Bengaluru-based tech giant also revised its revenue guidance for the current fiscal year upward to 4.5%-5%, signalling optimism in its growth trajectory despite global economic uncertainties. GOOD DEALS DRIVE POSITIVE Q3 GROWTH Infosys clocked a total …

Infosys Q3 results tomorrow: 5 things to watch out for
2 months, 1 week ago

Infosys Q3 results tomorrow: 5 things to watch out for

Live Mint  

When Infosys Ltd announces its third-quarter results on Thursday, investors and analysts will be looking for clues into whether the company can overcome potential growth obstacles and if it is on course to surpass its FY24 performance. The two Indian information technology services companies that have so far announced results for the December quarter—a seasonally weak period for the sector …

Salary hikes coming! Infosys workers may get pay bumps from February, says report
2 months, 1 week ago

Salary hikes coming! Infosys workers may get pay bumps from February, says report

Live Mint  

Employees of IT giant Infosys may get letters regarding their salary hikes in February 2025, according to a report by The Economic Times citing sources. All employees at job level five and below are likely to get raise from February, with effect from January 1, 2025, in what will be a sweet start this new year, the report added, citing …

Infosys may roll out pay hike letters in February 2025: Report
2 months, 1 week ago

Infosys may roll out pay hike letters in February 2025: Report

Hindustan Times  

Infosys Ltd is likely to begin rolling out annual pay hikes in February 2025, according to a report, which said that employees at job level 5 are likely to the letters first. Employees at job level five will receive their letters in February with the raise becoming effective retrospectively from January 1, while those at JL6 and above will receive …

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings
Trending News
2 months, 2 weeks ago

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings

Live Mint  

In a first, Infosys Ltd has asked employees to think out of the box and come up with new ideas that can be scaled up and offered to clients as part of a business incubator programme. A core objective of the ‘Be The Next Business Incubator’ programme, which is open to all employees across job levels, locations and subsidiaries, is …

Infosys delays salary hikes, here is when employees will get it
Trending News
2 months, 2 weeks ago

Infosys delays salary hikes, here is when employees will get it

India Today  

Infosys has delayed its annual salary hikes, with employees now getting increments in the fourth quarter of the current financial year. Other IT firms like HCLTech, LTIMindtree, and L&T Tech Services have also skipped salary hikes recently in efforts to manage costs and maintain profitability. MoneyControl reported that the company’s margins improved slightly by 10 basis points thanks to cost-saving …

Infosys defers annual salary hikes to fourth quarter: Report
Trending News
2 months, 2 weeks ago

Infosys defers annual salary hikes to fourth quarter: Report

Hindustan Times  

Infosys Ltd, India’s second-largest information technology services company has deferred annual wage hikes to the fourth quarter of the financial year 2024-25, Moneycontrol reported. Usually the wage hikes are implemented earlier in the year, and the postponement reflects the uncertainty in global demand for IT services, delayed client budgets, and macroeconomic uncertainties, according to the report. Infosys had said on …

Infosys delays annual wage hikes to Q4 FY25 amid uncertain global demand
2 months, 2 weeks ago

Infosys delays annual wage hikes to Q4 FY25 amid uncertain global demand

Live Mint  

IT major Infosys has deferred the annual wage hikes to the fourth quarter of the current financial year, Moneycontrol reported on Monday. Infosys issued performance bonuses in November In November, Infosys rolled out performance bonuses to eligible employees for the quarter ending September 30, 2024, PTI reported. TCS, Infosys and HCL Technologies are expected to see constant currency revenue growth …

IT giant Infosys defers annual salary hikes to Q4. 3 reasons why
2 months, 2 weeks ago

IT giant Infosys defers annual salary hikes to Q4. 3 reasons why

India Today  

India’s second-largest IT services provider, Infosys, has postponed its annual salary increments to the fourth quarter of the current financial year, reported moneycontrol.com. As part of its phased approach, Infosys had earlier announced plans to implement wage hikes partially in January and fully by April, as confirmed by Chief Financial Officer Jayesh Sanghrajka during the company’s Q2 earnings call. Despite …

IT Sector Q3 Results Preview: From revenue growth to margins, how TCS, Infosys, Wipro, other top IT firms may perform
2 months, 2 weeks ago

IT Sector Q3 Results Preview: From revenue growth to margins, how TCS, Infosys, Wipro, other top IT firms may perform

Live Mint  

IT Sector Q3 Results Preview: Tata Consultancy Services, Infosys, HCL Technologies, Wipro, among other Indian IT companies are set to commence the earnings season for the third quarter of FY25 next week. Here’s how top IT companies are expected to perform in Q3FY25: TCS Q3 Results Preview TCS, the largest IT services company in India, is expected to see a …

Infosys bonus payout: IT major to give 90% average performance bonus to eligible employees for Q2FY25
3 months, 3 weeks ago

Infosys bonus payout: IT major to give 90% average performance bonus to eligible employees for Q2FY25

Live Mint  

Infosys bonus payout: Information technology Infosys is handing out a 90 per cent average performance bonus to eligible employees for the July-September quarter of the current fiscal year. According to news agency PTI, while the Bengaluru-headquartered software services major pays an average performance bonus of 90 per cent, the percentage will differ based on individual performance and contribution. Infosys Q2 …

Infosys Distributes 85% Average Performance Bonus For Q2 FY25, Says Report
3 months, 3 weeks ago

Infosys Distributes 85% Average Performance Bonus For Q2 FY25, Says Report

ABP News  

India’s IT services giant, Infosys, has reportedly announced an 85 per cent average performance bonus payout for its eligible employees for the second quarter of the September 2024-25 fiscal year. In Q2 FY25, ending September, Infosys continued to lead industry growth for the second consecutive quarter, reporting a 4.7 per cent year-on-year increase in consolidated net profit, reaching Rs 6,506 …

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors
7 months, 3 weeks ago

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors

The Hindu  

Tax authorities may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a ₹32,000-crore tax demand. In serving its highest-ever tax demand on Infosys, the government accused the country’s second largest tech services company of …

Infosys slapped with ₹32,403 crore GST notice for overseas expenses
7 months, 3 weeks ago

Infosys slapped with ₹32,403 crore GST notice for overseas expenses

The Hindu  

GST authorities have slapped a ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting in 2017. The Bengaluru-headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of ₹32,403 crore for the period July 2017 to March 2022 towards the expenses incurred …

India's top 5 IT firms continue headcount decline for 7th straight quarter
7 months, 3 weeks ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
8 months ago

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook

The Hindu  

IT major Infosys Ltd on Thursday reported a 7% rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to ₹6,368 crore in the April-June quarter, compared to ₹5,945 crore in the same period a year back, according to a stock exchange filing by the company. Quarter-on-quarter …

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend
8 months ago

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend

Hindustan Times  

Infosys raised its revenue growth forecast for the financial year 2024-25 on July 18, raising the growth percentage to 4% from 3% earlier. The IT giant's consolidated revenue grew 7% to ₹39,315 crore for the first quarter of the financial year 2024-25 from ₹37,933 during the previous year. The company had previously revised its yearly revenue growth guidance five times …

Infosys Q1 Results: Net Profit Rises 7% To Rs 6,368 Cr; Revenue Growth Outlook Raised To 3-4%
8 months ago

Infosys Q1 Results: Net Profit Rises 7% To Rs 6,368 Cr; Revenue Growth Outlook Raised To 3-4%

News 18  

Infosys Q1 Results 2024: In Q1 FY25, Infosys reported a 7.1% year-on-year increase in net profit to Rs 6,368 crore, surpassing expectations. Infosys Results Today Salil Parekh, CEO and MD, Infosys, said, “We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. According to analysts, Infosys was …

Job applications at Infosys dip to pre-covid level, even lesser jobs offered
8 months, 2 weeks ago

Job applications at Infosys dip to pre-covid level, even lesser jobs offered

Live Mint  

Job applications at Infosys Ltd have fallen to pre-covid levels, while job offers handed out to candidates have dipped below pandemic levels. According to the company’s annual report, Infosys received 2.44 million applications as of the financial year ended March 2024. Despite the number of applications being similar to pre-covid times, the number of jobs offered was much lower last …

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report
9 months, 1 week ago

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report

Live Mint  

India's major IT sector is causing major onboarding delay issues for freshers. The IT employee union Nascent Information Technology Employees Senate data revealed that at least 10,000 freshers who were offered jobs in the past two years have not yet been onboarded by IT companies, Times of India reported. As per the report, Harpreet Singh Saluja, the President of the …

25,000 Female Employees Exit Top IT Firms On FY24, Reveals New Study
9 months, 1 week ago

25,000 Female Employees Exit Top IT Firms On FY24, Reveals New Study

News 18  

A recent study indicates a decline in the female workforce in the country’s top IT companies amid the high attrition rate in the industry. Around 25,000 female employees have exited top IT firms, including TCS and Infosys, in the financial year 2023-24, according to a study by staffing firm Xpheno. The drop in the number of female employees was reported …

Job growth in IT sector may come back in 2nd half of FY25
10 months, 3 weeks ago

Job growth in IT sector may come back in 2nd half of FY25

New Indian Express  

BENGALURU: The IT sector has been witnessing a decline in employee headcount for at least five quarters now, but projections suggest a notable increase in hiring activity, with expectations of an 8-10% rise in recruitment throughout this calendar year. “The overall hiring landscape within the IT industry is forecasted to experience a surge of 12-15% in CY2024, driven primarily by …

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759
11 months ago

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759

Hindustan Times  

In an eye-ball grabbing figure, employee loss by the top 3 IT companies in India, TCS, Infosys and Wipro, for the full-year together stands at 63,759. Wipro's FY24 employee strength was 2,34,054 as on March 2024 - 9.1 per cent lower than the year-ago period. Wipro Q4 results Notably, today, the Bengaluru headquarered IT major, Wipro reported a 7.8 per …

Infosys to share Q4 earnings today: Check results timing, details and preview here
11 months ago

Infosys to share Q4 earnings today: Check results timing, details and preview here

Hindustan Times  

Infosys Q4 results: Infosys Ltd will declare its results for the March quarter on April 18 and is expected to declare a muted growth 3-4 per cent year-on-year growth in sales while Ebit margin is seen contracting marginally on a sequential basis amid wage hikes during the quarter. Infosys Q4 results: Infosys results come after IT major Tata Consultancy Services …

Infosys Q4 results announcement soon; revenues to margins, here is what to expect
11 months ago

Infosys Q4 results announcement soon; revenues to margins, here is what to expect

Hindustan Times  

After the largest IT services company in India, Tata Consultancy Services last week, now it is the turn of the next tech biggie, Infosys, to reveal its 4th quarterly numbers and that will happen this week on April 18. Expectations are that revenue may drop sequentially, EBIT margins are likely to stay flat. Infosys net profit is likely to be …

Infosys Q4 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike
11 months ago

Infosys Q4 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike

News 18  

Infosys, the country’s second-largest IT services company, is set to announce its financial results for the fourth quarter ended March 2024 on Thursday, April 18. BNP Paribas in its note said Infosys’ EBIT margin is likely to have declined by 25 basis points in Q4 FY24 to 20.3 per cent due to wage hike impact, visa costs and muted revenue …

Infosys gets demand notice of ₹341 crore from income tax department
11 months, 2 weeks ago

Infosys gets demand notice of ₹341 crore from income tax department

Live Mint  

IT giant Infosys said on Monday that it had been issued a tax demand of ₹341 crore by the Income Tax department for the assessment year 2020-21. “Infosys Ltd on March 31, 2024, received order under Section 201 & 201 of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a …

Q3 results: Top 4 Indian IT companies balance caution and optimism
1 year, 2 months ago

Q3 results: Top 4 Indian IT companies balance caution and optimism

Business Standard  

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future. Thierry Delaporte, chief executive officer and managing director, Wipro, said during the earnings: “We are starting to see healthy indicators of growth.” Wipro has forecast a muted sequential revenue growth rate of minus 1.5 …

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report
1 year, 3 months ago

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report

News 18  

IT companies in India, including TCS, Infosys, HCL Tech and Wipro, have hired fewer employees in the past four quarters, due to demand slowdown, reduction in attrition levels and excessive hiring during the pandemic, according to a report by ratings agency ICRA. However, the average last twelve-month attrition for IT companies declined to 14 per cent as of September 2023, …

Infosys Employees To Get 80% Average Variable Payout For Q2 This Month; Check Details
1 year, 4 months ago

Infosys Employees To Get 80% Average Variable Payout For Q2 This Month; Check Details

News 18  

IT major Infosys is going to give 80 per cent average variable pay to its employees this month for the July-September 2023 quarter, according to an ET report. The 80 per cent average variable pay in September 2023 is, however, higher than the 60 per cent average variable pay received by employees in the April 2023 quarter and 70 per …

Infosys shares fall, raising demand worries for Indian IT sector
1 year, 5 months ago

Infosys shares fall, raising demand worries for Indian IT sector

The Hindu  

Shares of Infosys, India's No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company's annual revenue forecast fanned further worries of a delay in demand recovery in the sector. Several analysts said the IT company's move to cut outlook for the second straight quarter was emblematic of near-term …

Infosys Q2 Print: IT major to roll out wage hikes from Nov 1, skip campus hiring
1 year, 5 months ago

Infosys Q2 Print: IT major to roll out wage hikes from Nov 1, skip campus hiring

Live Mint  

Infosys will roll out salary hikes starting from November 1 and will skip campus hiring this year as it has a ‘way to go’ on utilisation, adding that it will honour the offers that have been made so far, said Nilanjan Roy, Chief Financial Officer, Infosys. India's second largest software services exporter announced its earnings for the July-September quarter of …

Infosys Q2 net rises 3.2%, firm lowers revenue growth guidance
1 year, 5 months ago

Infosys Q2 net rises 3.2%, firm lowers revenue growth guidance

The Hindu  

Tech major Infosys reported a 3.17% increase in second-quarter net profit to ₹6,212 crore, and revised revenue growth guidance for this fiscal to 1% to 2.5% against the earlier estimate of 1% to 3.5%. “With large wins in the last two quarters, we are winning market share in the areas of cost and efficiency,” CEO and MD Salil Parekh said …

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