Unlike rivals TCS and Wipro who remained cautious and expect a possible delay in wage hike cycle, Infosys rolled out major chunk of the increments in January and rest is planned for April.
For the full year FY25, headcount increased by 6,388 to 323,578 from 317,240 in the previous fiscal year.
Infosys CEO Salil Parekh said that all of the company’s service lines now include generative AI and the company has been building playbooks of how that can work.
Infosys’ full year headcount for FY24 too declined by 25,994, for the first time in at least 23 years since 2001, driven by the Infosys’ changing hiring model as it looks to focus more on improving utilisation rate.
Infosys CFO Jayesh Sanghrajka said that the IT services giant has not decided on campus hiring at this point.
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This is the first time since the Covid-hit quarter of FY21 that Infosys is ending a quarter with fewer employees than it had at the end of the previous quarter.
Infosys Q4 result updates: Revenue from operations increased 16 percent to Rs 37,441 crore in Q4FY23 as against Rs 32,276 crore in the same quarter last fiscal, while consolidated profit rose 8 percent to Rs 6,128 crore YoY.
India's second largest software services provider Infosys reported a 27% year-on-year growth in net profit for the fourth quarter, but forecast much lower-than-expected US dollar revenue growth for FY13, warning the year remained challenging due to slower growth in the global economy.
The Infosys stock, which plunged 10% on Friday after disappointing earnings, fell other 2.5% today as brokerages looked at it with pursed lips and shaking heads. CNBC-TV18's Reema Tendulkar wraps up the brokerage views.