Infosys: Infosys will hire 2,456 employees in Q2FY25, reversing the trend after six quarters

Infosys, India’s second-largest IT services company, reversed a six-quarter hiring decline and hired 2,456 employees in the second quarter of fiscal 2025 (July-September).

The total number of employees at the end of September was 317,788, an increase from 315,332 in the previous quarter (April-June).

In the June quarter, headcount fell by 1,908 employees, marking six consecutive quarters of decline.

Attrition increased slightly to 12.9% in the second quarter, compared to 12.7% in the first quarter, but was down from 14.6% in the second quarter last year.

“We recorded strong constant currency growth of 3.1% quarter-on-quarter in the second quarter. 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 resulted in a growing preference among customers to partner with us,” said Salil Parekh, CEO and MD, Infosys.

“Our large deals, which totaled $2.4 billion in the second quarter, reflect our differentiated position. I am grateful to our employees for their tireless commitment to our customers as we continue to strengthen our market leadership,” he added.

In comparison, Tata Consultancy Services (TCS), the country’s largest IT company, recorded a net addition of 5,726 employees in the second quarter, taking its total workforce to 612,724. However, smaller rival HCLTech, the industry’s third-largest player, continued to reduce headcount at a slower pace, cutting 780 employees to a total of 218,621.

In May, Infosys had forecast hiring 15,000 to 20,000 freshers for the full fiscal year ending March 2025.

Infosys on Thursday announced its Q2 FY25 results and reported a 4.7% year-on-year rise in net profit at ₹ 6,506 crore on revenue of ₹ 40,986 crore for the September quarter, an increase of 5, corresponds to 1%. Compared to the previous quarter, net profit and revenue increased 4.2% and 2.2%, respectively.