Infosys Ltd on Friday said it will recruit 18,000 people from campuses this fiscal year 2019-20. The country's second largest IT company has been battling high attrition rate pertaining in the sector but has asserted that this has not impacted its deliverables. It has over 2.29 lakh employees and hired 8,000 people in the April-June period, it said on Friday following the release of its first quarter performance results.

"Overall for this quarter, we have recruited close to 8,000 people, of which freshers are about 2,500... For the year, we are looking at about 18,000 people or so from the universities," Infosys Chief Operating Officer U.B. Pravin Rao said.
The company said that it added 906 people (net) during the June 2019 quarter. The attrition (annualised consolidated) was higher at 23.4 percent, compared to 20.4 percent for the quarter ended March 2019.
The company said there was no impact of attrition on its deliverables and that historically, the first quarter of the fiscal has a higher level of attrition.
Infosys has initiated a number of measures for employee engagement, investment in career opportunities and enrichment of experience for employees, he said.
On Friday, the company reported a net profit of Rs 3,802 crore for the June-ended quarter, which was 5.3 percent higher on a year-on-year basis but 6.8 percent lower from the previous quarter.
As a cheer for its shareholders, Infosys increased its free cash flow return expectation to 85 percent from the earlier annual 70 percent.
More From GoodReturns

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

Gold Price Today on April 5: Find Out 22K, 24K, 18k Gold Rates In Tanishq, Malabar, Kalyan, IBJA & Joyalukkas

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gold Rate in India Rebounds After Falling Nearly Rs 40,000 In a Day; Will Gold Price Today Jump or Drop?

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Hyderabad Gold Rates Today Crash By Rs 40,000 After 6 Days, Silver Rate Falls By Rs 10,000: 24K, 22K, 18k Gold

NSE IPO 2026: OFS Window Opens, April 27 Deadline Key for Shareholders; Check Eligibility, Lock-in Rules

Bank Holiday Today, Tomorrow & More: Banks Are Closed On March 31, April 1, April 2, April 3; Here's Why



Click it and Unblock the Notifications