Amidst the pandemic Coronavirus outspread, the information and technology giant, Infosys has officially announced its Q4 results. While the business sector is working at a slow pace due to the pandemic restrictions, this IT firm has brought a new leap of hope for the freshers who are looking for jobs. Infosys to start hiring 26,000 fresher Indians and 2,000 foreigners for the financial year 2021-22.
As per the reports, Infosys had hired around 21,000 freshers from campuses in India and abroad during last year. During a press briefing the Chief Operating Officer, Pravin Kumar Rao apparently stated that the company will hire top talents from the market though high attrition rates are expected to continue for coming quarters. Infosys is returning to its regular compensation cycle after January 2021.
According to the company’s data, currently, it has around 2.59 lakh (2,59,619) employees working in the company. Its net profit fell 2.6 percent to Rs 5078 crore, but the consolidated revenue was reported to be up 2.8 percent at Rs 26,311 crore.
For the unversed, Infosys has also announced buying back of its shares after its Q4 results. The promoters held a 13 percent stake in the company as of Dec 30, 2020, while FIIs held 32.6 percent, DIIs 23.8 percent. The public and others held up to 30.7 percent.
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