![]() ![]() ![]() 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. The operating margin for the quarter increased sequentially by 140 bps to 21.5%. With a minimum of 5.43 and a max of 16.9, the average employee turnover rate across all industries for 2022 is 9.31. 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. With the earnings results available so far for the September quarter, Wipro has. 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. Attrition rate of IT companies has been rising consistently and in-line with growing demand for digital talent. 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. Attrition rate in technology industry in India 2020-2022 Published by Shangliao Sun Shangliao Sun Research expert covering India Get in touch with us now, In 2021, technology. 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. 'Historically, women's attrition at TCS has been similar or lower than men's attrition, so this is unusual. 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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