Infosys, India’s second-largest IT services exporter, has announced plans to hire over 20,000 freshers in FY26, signaling optimism about growth and demand recovery. The announcement follows the company’s Q3 financial results, which showcased robust performance and a positive outlook.
Key Highlights from Infosys’s Q3 Results
- Fresh Hiring Plans:Infosys plans to expand its workforce significantly, with a focus on onboarding over 20,000 freshers in FY26.
- Employee Growth:The company’s headcount grew by 5,591 employees in the December quarter compared to the September quarter, reflecting a revival in hiring momentum.
Revenue and Profit Growth:
- Net profit rose 11.4% YoY to ₹68.06 billion ($785.9 million), beating analyst expectations.
- Revenue increased 7.6% YoY to ₹417.64 billion, driven by strong demand in Europe and key sectors like financial services, manufacturing, and energy.
- Improved Guidance:Infosys raised its constant-currency revenue growth guidance for FY25 to 4.5-5.0%, up from the earlier 3.75-4.5% forecast.
Focus on Generative AI:
- Infosys is doubling down on enterprise AI capabilities, particularly in generative AI, which is gaining traction among clients.
- CEO Salil Parekh highlighted that AI-driven initiatives have contributed to strong large-deal wins.
Revival Amid Challenges
The Indian IT sector, valued at $254 billion, faced a slowdown over the past year as high inflation and geopolitical uncertainty forced clients to cut tech budgets. However, demand is gradually recovering due to:
- Cooling inflation: Renewed client interest as inflation eases and interest rate cuts take effect.
- Technology spending: Increased willingness of global businesses to invest in IT solutions.
Impact on Job Market
- Fresh Hiring Surge: Infosys’s hiring plan is a welcome development for engineering graduates, many of whom faced job uncertainty during the slowdown.
- Sector Confidence: Infosys’s hiring resurgence reflects broader optimism in India’s IT industry.
Outlook and CEO’s Statement
CEO Salil Parekh expressed confidence in the company’s ability to capitalize on emerging opportunities:
“We continue to strengthen our enterprise AI capabilities, particularly focusing on generative AI, which is witnessing increasing client traction. This has led to another quarter of strong, large deal wins.”
Infosys’s commitment to hiring fresh talent and its strong financial performance underline its resilience and adaptability in navigating a challenging macroeconomic environment.