Infosys to hire 24,000 freshers from campuses in FY22
Infosys said that in Q2FY21 they would enlist 15,000 freshers. However, at the back of large deal wins and the development momentum, it has ramped up its fresher hiring.
The second-largest IT service provider in the country, Infosys, is planning to hire 24,000 freshers in the coming financial year.
“We see next year as a twofold digit growth year from everything that we are seeing the market. We have a huge sum of positive news in terms of large deal wins and the momentum that we have built,” said Salil Parekh, CEO, Infosys, during the Q3 results announcement.
This can be also one of the reasons the company has inclined up its fresher hiring in FY22 from 15,000 to 24,000 which is a whopping 60% more than this year's campus hirings, i.e., 15,000. “In this quarter, we have seen huge development. Given the growth momentum, we are seeing and high utilization…attrition can possibly choose-up. Considering all that we have increased the fresher hiring to 24,000,” said UB Pravin Rao, COO, Infosys.
The company has also become the highest grosser this financial year taking off TCS and Wipro behind in terms of profit. The next year's development rate is projected to reach double-digit on the off chance that all goes well.
For the quarter ending December 2020, the IT major’s large deal signing stood at $7.13 billion, an all-time high deal wins, 73 percent of them being net new. Its biggest deal wins include Vanguard, Daimler, and Rolls Royce.
Its revenue grew 8.4 percent to $3.516 billion in the quarter. Its digital revenues stood at 50.1 percent. The company has also increased its revenue guidance to 4.5-5 percent in constant currency.
For Infosys, this is the strongest Q3 in 8 years in terms of growth in constant currency on a successive basis. Its larger rival TCS too reported its strongest Q3 quarter in the last nine years.
All these are driving the company's confidence to reach double-digit growth.