Infosys has announced plans to hire over 20,000 freshers in the upcoming fiscal year (FY26). India’s second-largest software services exporter saw its headcount increased by 5,591 employees in the December quarter, when compared to the September quarter, according to the company’s quarterly filings. Infosys announced its quarterly earnings, posting strong Q3 financial performance, which saw a 11.4% year-on-year increase in net profit to Rs 68.06 billion.
Replying to a question on hiring, Infosys chief financial officer (CFO) Jayesh Sanghrajka said that the company is looking to hire both freshers and laterals.
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“I think recruitment…is [a] combination of both freshers and laterals. Again we have not broken up this number, but for the year we have hired, we will hire 15,000 plus freshers in line with our original commentary. And for the next year we are expecting 20,000 plus,” said Sanghrajka.
Meanwhile, CEO Salil Parekh said that the number of employees rose at the end of quarter.
“Headcount at the end of quarter stood at 323,000 growing sequentially by approximately 5,600. This is the second consecutive quarter of headcount addition,” he said.
CEO emphasises focus on AI
Parekh also highlighted the company’s focus on enterprise AI capabilities, particularly generative AI, which is witnessing increasing client traction. He further emphasised the strong momentum in large deal wins, indicating a positive outlook for the company’s future growth.
Revenue for the quarter grew 7.6% to Rs 417.64 billion, driven by robust demand from the European market and strong growth across key sectors such as financial services, manufacturing, and energy. Infosys earns more than 80% of its revenue from Western markets, as per a report by The Economic Times.
This positive performance reflects a gradual recovery from the slowdown experienced by the IT sector in recent quarters, which was largely attributed to global economic uncertainties, including high inflation and geopolitical instability.
Infosys to roll out hikes starting February
The report comes on the heels of a report which claimed that Infosys is set to commence its annual pay hike rollout starting in February. According to the Economic Times, employees at Job Level 5 (JL5) will receive their pay hike letters in February, with the increase effective from January 1.
Employees at JL6 and above can expect to receive their letters in March, with their pay hikes effective from April 1st. This information was shared at an Infosys Validation Services (IVS) unit town hall by a senior executive.
The pay hike pertains to the appraisal period from September 2022 to October 2023, for which employees received their performance ratings in December 2023.
