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The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June).
In the June quarter, the headcount had dropped by 1,908 employees, marking six consecutive quarters of decline.
Attrition for the second quarter rose slightly to 12.9%, up from 12.7% in Q1, though lower than 14.6% in Q2 of the previous year.
“We saw strong quarter-on-quarter growth of 3.1% in constant currency in Q2. The growth was broad-based with good momentum in financial services, driven by our industry expertise, market-leading cloud capabilities with Cobalt, and generative AI offerings with Topaz. This has led to a growing preference among clients to partner with us,” said Salil Parekh, CEO and MD of Infosys.
“Our large deals, amounting to $2.4 billion in Q2, reflect our differentiated position. I am grateful to our employees for their unwavering commitment to our clients as we continue to strengthen our market leadership,” he added.
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In comparison, Tata Consultancy Services (TCS), the country’s largest IT company, saw a net addition of 5,726 employees in Q2, bringing its total workforce to 612,724.Smaller rival HCLTech, the sector’s third-largest player, continued to reduce headcount, though at a slower pace, with a reduction of 780 employees, bringing its total to 218,621.
In May, Infosys had projected hiring 15,000-20,000 freshers for the full fiscal year ending March 2025.
Infosys announced its Q2FY25 earnings on Thursday, reporting a 4.7% year-on-year growth in net profit to ₹6,506 crore for the September quarter on revenues of ₹40,986 crore, up 5.1%. Sequentially, net profit and revenues grew by 4.2% and 2.2%, respectively.
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