Infosys intends to hire 50,000 fresh graduates
Infosys released its fourth quarter (January-March) earnings on Wednesday. Infosys has experienced its most significant annual rise in a decade. For the quarter, Infosys' consolidated net profit increased by 12% year on year (YoY) to Rs 5,686 crore. In the previous fiscal year, the company's net profit was Rs 5,076 crore. The net profit for the preceding quarter, Q3 FY22, was Rs 5,809 crores. At Infosys, the attrition rate increased to 27.7% in the March quarter, up from 25.5 percent the previous quarter.
In the previous fiscal year, Infosys hired 85,000 freshers, and aims to hire 50,000 in the current fiscal year. The attrition rate is a measure that is used to determine how many employees leave an organisation. The attrition rate is used by HR to determine the number of openings for new hires. A dividend of Rs 16 per share has also been declared by the corporation. The total dividend per share for FY22 would be Rs 31 once the interim dividend of Rs 15 per share has been paid.
This is a 14.8% increase over FY21. The results of Infosys were announced after the market closed. Prior to the results, the company's stock closed at Rs. 1751, up 0.49 percent. The company's revenue climbed by 22.7 percent in the fourth quarter of FY22. In the previous financial year's same period, it was Rs 26,311 crore.
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Infosys' operating margin was 21.5 percent, up from 23.5 percent in the previous quarter and 24.5 percent the previous year.Sustained momentum in FY22 and major acquisitions will benefit us in FY23, "stated the company's CEO, Salil Parekh, in response to the results." We'll increase cloud capacity, automate more processes, and improve the employee value proposition.
In the previous fiscal year, Infosys hired 85,000 freshers, and aims to hire 50,000 in the current fiscal year. The attrition rate is a measure that is used to determine how many employees leave an organisation. The attrition rate is used by HR to determine the number of openings for new hires. A dividend of Rs 16 per share has also been declared by the corporation. The total dividend per share for FY22 would be Rs 31 once the interim dividend of Rs 15 per share has been paid.
This is a 14.8% increase over FY21. The results of Infosys were announced after the market closed. Prior to the results, the company's stock closed at Rs. 1751, up 0.49 percent. The company's revenue climbed by 22.7 percent in the fourth quarter of FY22. In the previous financial year's same period, it was Rs 26,311 crore.
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Infosys intends to hire 50,000 fresh graduates
The corporation's earnings have increased. In comparison to the same period last year, the company's earnings have climbed by 23%. In the announcement, it was said on behalf of the company that its business had grown in all areas in the previous quarter. For the quarter, the deal generated $2.3 billion in total contract value (TCV), followed by $9.5 billion in annual deals.Infosys' operating margin was 21.5 percent, up from 23.5 percent in the previous quarter and 24.5 percent the previous year.Sustained momentum in FY22 and major acquisitions will benefit us in FY23, "stated the company's CEO, Salil Parekh, in response to the results." We'll increase cloud capacity, automate more processes, and improve the employee value proposition.
Piyush Verma
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