IT Giant To Hire 45,000 College Graduates After Posting Strong Results In Q2


Bangalore: Indian IT giant Infosys is expanding its freshman hiring program as the Bengaluru-based company has strong results for the 30th year, according to a Livemint report, Infosys plans to recruit 45,000 college graduates this fiscal year, up from its previous target of 35,000.Also read – The hiring frenzy is not just limited to IT, there is also strong growth in these sectors: report

“In order to fully exploit the potential of the market opportunities, we are expanding our recruiting program for university graduates by 45,000 for the year. At the same time, we continue to strengthen employee value proposition, including health and wellness. Measures, retraining programs, appropriate compensation measures and improved career opportunities, ”said Chief Operating Officer Praveen Rao. Also read: TCS plans to change the home office model by the end of the year. Check details

At the end of the June quarter, Infosys announced it would take on 35,000 college graduates. COO Praveen Rao had previously said: “With the growing demand for digital talent, increasing the number of jobs in the industry has become a short-term challenge.” .8% in the previous year. Infosys had 2,79,617 employees at the end of the September quarter. Also Read – Indian Railway Recruitment 2021: Apply for Apprenticeships, No Written Exam or Interview; Class 10. Passport can be requested, check details

Infosys Q2GY22 YoY Consolidated Net Income Up 11.9%

The IT major on Wednesday reported an 11.9 percent year-over-year increase in its consolidated net income after minority interests of Rs 5,421 billion for the second quarter of FY22. Net income for the corresponding period last fiscal year (FY2020-21) was Rs 4,845 crore.

In addition, the company had sales of Rs 29,602 billion for the period, which is 20.5 percent more than Rs 24,570 billion in the second quarter of FY15. The operating margin for the quarter was according to the company at 23.6 percent. In addition, the board of directors of the IT major has decided on an interim dividend of 15 rupees per share for fiscal year 22.

The company recently completed an open share buyback on September 8th at an average price of Rs.1,649 per share. The company’s share capital decreased by 1.31 percent after the buyback.

“Our outstanding performance and strong growth prospects continue to demonstrate our strategic focus and the strength of our digital offerings,” said Salil Parekh, MD and CEO. “Given this sustained momentum, we have raised our forecast for revenue growth to 16.5 to 17.5 percent,” he said.

(with input from IANS)

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