Infosys, Wipro, Tech Mahindra Delay Hiring Process, Revokes Offer Letters: Report

Major IT companies, Infosys, Wipro and Tech Mahindra, have revoked offer letters it extended to students after the companies are delaying the onboarding process for months, according to a media report. “I was rejected despite completing them and getting certification.” For the June 2022 quarter, Infosys reported a consolidated net profit of Rs 5,360 crore, a growth of 3.2 per cent as compared with Rs 5,195 crore in the year-ago quarter. Sequentially, Infosys’ net profit declined 5.7 per cent as compared with Rs 5,686 crore in the March 2022 quarter. Wipro had reported its June 2022 quarter profit at Rs 2,563 crore, a dip of 20.9 per cent year-on-year. For the quarter ended June 2022, Tech Mahindra reported a 16 per cent decline in its net profit to Rs 1,131.6 crore compared with Rs 1,353.2 crore in the same quarter last year.