![]() While consolidated revenue from operations climbed by 23.43% to ₹36,538 crore in Q2FY23 against ₹29,602 apiece in Q2 of the previous fiscal. Infosys revised FY23 revenue guidance to 15%-16% while operating margin guidance is also revised to 21%-22%.ĭuring the quarter, Infosys posted a consolidated net profit of ₹6,021 crore up by 11% from ₹5,421 crore in Q2FY22. Large deal TCV for the quarter was robust at $2.7 billion, the highest in the last 7 quarters. workers agree organizations’ actions in response to COVID-19 were very successful. The operating margin for the quarter increased sequentially by 140 bps to 21.5%. Digital comprised 61.8% of overall revenues and grew at 31.2% in constant currency. Year-on-year growth was in double digits across all business segments in constant currency terms. ![]() We have already hired 40,000 freshers out of our plan of hiring 50,000 freshers for the year and the number could go up."Īccording to the financial audit report, Infosys reported strong Q2 performance with year-on-year growth at 18.8% and sequential growth at 4.0% in constant currency. While supply-side challenges are gradually abating as reflected in the reducing attrition rates, they continue to exert pressure on our cost structure."ĭuring the press conference, Roy added, "No delay in onboarding freshers. Nilanjan Roy, Chief Financial Officer said, "Operating margins in Q2 expanded sequentially by 150 bps, helped by our operational rigor. Infosys revenue per employee on a consolidated basis was at $55.5k in Q2FY23 slightly lower from $56.9k in Q1FY23 and $57.3k in Q2FY22.įurther, the company's voluntary attrition (LTM - IT services) came in at 27.1% in Q2FY23 against 28.4% in Q1FY23 and 20.1% in Q2FY22. The attrition in the contract staffing industry is predicted to touch at least 50 per cent in FY23 compared to 49 per cent in FY22, said the report called 'Brain Drain: Tackling. 'Historically, women's attrition at TCS has been similar or lower than men's attrition, so this is unusual. The Indian IT industry recorded 25.2 per cent employee attrition in FY22 and that pain will continue as it loses talent to other industries, said a report by TeamLease. Year-on-year, Infosys made a strong net addition of 65,601 employees from 2,79,617 employees witnessed in Q2 of FY22. The attrition rate amongst women has outpaced that of men in Tata Consultancy Services owing to the company’s stern mandate to end work from home, the IT bellwether said in its Integrated Annual Report for 2022-23. ![]()
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