Infosys adds 210 employees, fourth consecutive quarter of headcount addition

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India’s second largest IT services company Infosys added 210 employees in fiscal first quarter, fourth consecutive quarter of headcount addition.

At the end of the June quarter, it had 323,788 employees, 8,456 more than in the year-ago period, the Bengaluru-based firm said on July 23.

The attrition rate on the 12-month basis increased to 14.4 percent from 14.1 percent in the March quarter.

Apart from Infosys, Tata Consultancy Services (TCS) is the only IT firm to report an increased employee count, as its base grew by 5,090 from the previous quarter.

HCLTech and Wipro saw a drop of 269 and 114 employees. Tech Mahindra lost around 622 employees and LTIMindtree 418.

Infosys reported a consolidated net profit rose of Rs 6,921 crore, up 8.7 percent from the year-ago quarter, beating Street expectations. Revenue expanded 7.5 percent to Rs 42,279 crore, the company said in a post-market hour announcement.

A Bloomberg poll of brokerages had pegged Infosys June profit at Rs 6,778 crore and revenue at Rs 41,724 crore.

Infosys raised its constant currency revenue growth guidance for FY26 to 1-3 percent from 0-3 percent. It retained its operating margin guidance at 20-22 percent.

The Infosys stock ended closed 0.8 percent at Rs 1,558.9 after having traded in the green for most of the session.

(This is a developing story. Please check back for updates.)