On the other hand, the country’s leading IT company Infosys is planning to hire around 20,000 graduates this year. Infosys CEO Salil Parekh has confirmed the company’s plan to hire around 20,000 graduates this year.
While on one hand Tata Consultancy Services (TCS) has announced to lay off more than 12,000 employees from its global workforce this year, on the other hand, the country’s leading IT company Infosys is planning to hire around 20,000 graduates this year. According to a media report, Infosys CEO Salil Parekh has confirmed the company’s plan to hire around 20,000 graduates this year.
what is the detail
According to a Times of India report, Infosys CEO Salil Parekh said, “We hired over 17,000 people in the first quarter and plan to bring on about 20,000 college graduates this year.” Parekh said the company has been able to stay afloat by making strategic investments in AI and reskilling. So far, the IT giant has trained about 2,75,000 employees at various levels.
What did Salil Parekh say on layoffs?
Infosys CEO Salil Parekh has assured no job cuts and confirmed plans to hire around 20,000 graduates this year. According to Parekh, strategic investments in AI and reskilling initiatives have enabled the company to maintain a competitive edge. AI enhances automation and insights, but it requires advanced skills.
June quarter results
Infosys has earned a net profit of Rs 6,924 crore in the first quarter of the current financial year, which is 8.6 percent more than the first quarter of the previous financial year. In the first quarter, the company’s revenue increased by 7.5 percent on an annual basis to Rs 42,279 crore. During this period, its total operating cost increased by 10.4 percent and stood at Rs 3,850 crore. In the first quarter, the company received 27.9 percent revenue from clients in the financial services sector. This was followed by manufacturing (16.1 percent), energy, utility, resources and services (13.6 percent), retail (13.4 percent) and communication (12 percent).
