Infosys Profit Increases to Rs 6,806 Crore, Will Hire Thousands of Workers

The revenue of Infosys in the third quarter has increased by more than seven percent to about Rs 41,764 crore. Financial services and manufacturing verticals stake in this revenue were around 27.8 percent and about 15.5 percent. In India and Europe, the company has gained growth in double digit on a year-on-year basis. The growth for Infosys in North America is about five percent. The company’s CEO, Salil Parekh said, “Financial services vertical in America has strong growth in the third quarter. Apart from this, retail and consumer product industry is also improving.”

Infosys has increased the guidance of revenue for the current financial year in the third consecutive quarter. In this financial year, the company is estimated to get a growth of 4.5 percent to 5 percent in revenue. In the last quarter, the company has added 5,591 new workers. The total number of its workers is 3,23,379. The company said that in the current financial year, it will complete its plan for hiring more than 15,000 workers.

Last year, the company faced criticism for avoiding the joining of new graduates. After this, the company issued offer letters to these freshers. A union of software workers warned that if the freshers’ joining date is postponed, a demonstration would be held against the company. These young engineers were waiting for joining for almost two years. He was offered the appointment in the company in 2022 as System Engineers. They were also instructed to be present in two pre-training sessions. However, there was a lot of delay in their joining. However, the company had said that it has adjusted some dates. Apart from this, his hiring plan has not been changed. In the last few years, complaints related to the freshers’ joining by IT companies have increased.