Infosys to hire 12,000 in Q2, 45,000 in FY12

Posted By: Religare
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Infosys to hire 12,000 in Q2, 45,000 in FY12
India's second largest software exporter, Infosys is set to increase its headcount further by recruiting nearly 12,000 additional staff in the current July-September quarter. The firm is maintaining its annual target of hiring 45,000 additional employees. It total strength as on June 30, 2010-11 was 1,33,560 people.

The demand for workforce has increased with the pickup in business and increased IT expenditure. The IT company has already offered 26,000 job positions through campus placements this year.

The net profit of Infosys rose by 15.72% in the quarter ended 30 June, 2011-12 from Rs 1,488 crore in Q1 2010-11. However, it reported a decline in its net profit by 5.4% at Rs 1,722 crore in Q1, 2011-12 from Rs 1,818 crore in the January-March period of 2010-11.

The company and its subsidiaries hired 9,922 new staff in the reported quarter, 7,000 of its total staff quit during the quarter, thus the net recruitments during the quarter was 2,740 employees .

The company, which hiked salaries in the Q1, 2010-11, attributed its impact on the decline in its sequential margins. It raised its wages of its offshore employees by 10-12% and its onsite workers got a hike of 2-3% during the said quarter. The company is hopeful of containing the employee costs in the coming quarters.

Read more about: infosys, bse, nse, information technology
Story first published: Wednesday, July 13, 2011, 9:30 [IST]
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