Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The IT services’ firm, on Wednesday, reported a 14.4 per cent rise in its net profit in the September quarter at ₹4,845 crore on a sequential basis. It also saw large deal signings of $9.0 billion for full year FY 20. In the September 2020 quarter, Infosys added 975 people (net) to take its headcount to 2,40,208 employees. (example: u cannot substitute for you, d is not Pravin also said that there will not be any COVID-related layoffs. “Infosys has deep expertise serving leading retirement services firms in the U.S. and, as part of this strategic partnership with Vanguard, we look forward to transforming the retirement industry while helping clients manage their retirement needs leveraging advanced digital solutions,” said Salil Parekh, Infosys CEO. The deal momentum picked in the reporting period, the company said while announcing its second quarter results here on Wednesday. Linkedin. Amidst the pandemic-induced global market challenges, country’s No 2 IT services and digital technology company Infosys posted a strong performance in the second quarter of 2020-21, en route to regaining its bellwether status. “...for this year, we are looking at 16,500 freshers in India joining us and hiring has started for next year and we are probably looking at 15,000,” he added. stream He added that this was on account of multiple factors, including the steps taken by the IT major towards employee engagement and safety during the pandemic. Speaking of employees and hiring, Infosys has said that it has suspended hiring, salary increments and promotions for the year. %PDF-1.7 Let's reshape it today, Hunt for the brightest engineers in India. 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New Nissan Magnite’s good looks may not be sufficient. Healing the Ganga can start in your kitchen, says Bidisha Banerjee, whose new book explores the faith and ... Puneet Krishna, the creator of Mirzapur, on the second season of the popular web show on Amazon Prime Video, The expression remains democratic but the tools are becoming programmatic, Assessing the party on differentiation, relevance, esteem and knowledge reveals useful insights, Why this quaint Belgian detective is such an enduring brand, even a 100 years later. However, Infosys will honour all commitments made in terms of campus hires and laterals. The company has provided high speed broadband connectivity for remote workers and expanded its own virtual private network bandwidth by 10X. Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. The Times of India News App for Latest Business News, Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. “The results are good considering the tailwinds that the IT services industry is experiencing after the initial pandemic scare,” said Shriram Subramanian, Founder and MD of InGovern Research Services, a corporate governance advisory firm. The company said it would give out a 100 per cent variable pay, wage hike as well as one-time special incentives to employees during the third quarter. Digital revenues grew 25.4 per cent year-on-year and now accounts for 47 per cent of the total business. , Chandigarh , Dehradun, The company’s revenue grew 8% to Rs 23,267 crore in Q4FY21 from Rs 21,539 crore in the corresponding period last fiscal. 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Certain statements mentioned in this presentation concerning our … In September, Infosys had announced plans to hire 12,000 American workers over the next two years. “We restarted promotions in the last quarter at our junior levels, and this will now be expanded to all our levels,” Parekh said.

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