Infosys dropout rate stood at 13 per cent in June quarter
Infosys COO Rao said that the demand for digital talent has increased tremendously in the recent past. Also said that as the demand for new talent increases in the IT sector, after some time it becomes a challenge in the industry. Hence, we have planned to recruit 35,000 college graduates for FY 2022 to meet the growing demand globally. The rate of people leaving the job in Infosys has increased to 13.9 percent in the June quarter. It was 10.9 per cent in the March 2021 quarter. However, this attrition rate is less than 15.6 per cent in the June quarter of last year.
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Company’s consolidated income grew on a year-on-year basis
COO Rao said that we have started many aspects like providing career advancement opportunities, salary review and incentives for the employees. Let us tell you that the country’s second largest IT company Infosys has released the June quarter results on Wednesday, July 14. On a quarterly basis, the net profit of Infosys in the March 2021 quarter was Rs 5078 crore. The consolidated income of the company has grown by 18 per cent year-on-year to Rs 28,986 crore. A year ago it was Rs 23,665 crore. On a quarterly basis, it has increased by 6 per cent to Rs 27,896 crore from Rs 26,311 crore.
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TCS will also recruit 40 thousand students from campus
Indian IT services companies have benefited from increased investments by global companies in cloud computing, digital payment infrastructure and crypto platforms. Apart from this, global companies have also increased investment in the field of cyber security. Infosys’ rival TCS had recently said that it would provide jobs to 40,000 freshers from the campus. TCS has the largest number of 5 lakh employees among the private sector IT companies. The company had recruited 40 thousand graduates last year also. TCS has also released its quarterly results. According to the company, its quarterly profit has increased by 29 percent.
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