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HindustanTimes Sat,19 Apr 2014

Infosys to hire 35,000 in FY'13

PTI  Bangalore, April 13, 2012
First Published: 11:58 IST(13/4/2012) | Last Updated: 12:03 IST(13/4/2012)

Country's second largest IT firm Infosys on Friday said it will hire 35,000 people this fiscal, including 13,000 for its BPO operations.

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"We are going to add 35,000 more people next year, which includes 13,000 people for the BPO operations," Infosys member of the board and chief financial officer V Balakrishnan said.

Infosys and its subsidiaries added 10,676 employees in the fourth quarter of FY'12, while the net addition during the period stood at 4,906 people.

Its total employee strength was 1,49,994 as on March 31.

Infosys today reported a 27.4% jump in consolidated net profit at Rs. 2,316 crore for Q4 FY'12, as against Rs. 1,818 crore in the January-March quarter of FY'11.

The company's rate of attrition (excluding subsidiaries on last twelve month (LTM) basis) has come down slightly to 14.7% in the reported quarter against 15.4% in the October-December quarter of 2011-12.

Infosys also plans to hire about 1,200 in the US.

"In the last two years, we hired 1,200 people onsite in the US each year (who were) local hire. We are going to continue with that this year and will hire 1,200 people... local hire in the US," Balakrishnan said.

Over the past months, anti-outsourcing campaign against Indian technology companies has gained momentum in the US and European Union -- main markets for the country's software and IT service companies.

Politicians and governments in these countries have been objecting to offshoring of work by their companies to countries like India so as to retain jobs back home. Industry experts have called such criticism a political rhetoric.

Most Indian technology companies have been consistently hiring more and more in the western countries over the past few years to blunt the criticism of 'taking away' jobs.

Of late, the proportion of the recruit in the US and the EU has seen a marked increase.

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