Infosys On Track To Hire 20,000 Freshers In FY26 After Adding 12,000 In First Half
Infosys Ltd. has hired 12,000 freshers in the first half of this financial year, said Chief Financial Officer Jayesh Sanghrajka on Thursday during the second quarter earnings conference. In addition, the IT service major is on track to hire 20,000 freshers in this financial year.
The Bengaluru-based IT company hired 8,203 employees in the quarter ended September. For the first half of fiscal 2026, the company added 8,413 employees, taking the total headcount to 3.32 lakh.
Confident Of Meeting FY26 Guidance
‘In the beginning of the year, we were aiming for 15,000-20,000 freshers. But in the first half itself we have hired about 12,000 freshers. So, we are now on track to hire a total of 20,000 freshers this year,’ Sanghrajka said.
Infosys’ 12-month attrition rate of 14.3% in the quarter-under-review was higher than 12.9% reported in the year-ago period. The utilization (excluding trainees) stood at 85.1% compared to 85.2% in the preceding March quarter and 85.9% in the year-ago period.
Share Of Women Employees Rises
Notably, the software services company’s share of women employees rose marginally to 39.5% in the September quarter, compared to 39.1% in the June quarter and 39% in the year-ago period. The total headcount was higher than 3,23,788 employees reported in the previous quarter and 3,17,788 employees in the year-ago period.
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Profit And Revenue Rise
Infosys’ profit for the July-Sept. period rose 6% sequentially to Rs 7,364 crore. The top line of the Bengaluru-based IT services firm rose 5.2% over the previous quarter to Rs 44,490 crore.
Operating income, or earnings before interest, taxes, rose 6% year-on-year to Rs 9,353 crore. The Ebitda margin expanded to 21%.
The quarterly earnings were shared after the market hours. The stock settled 0.22% lower at Rs 1,471.50 apiece on the NSE, compared to a 1.03% advance in the benchmark Nifty 50. Infosys’ shares have fallen 23.26% in the last 12 months and 21.73% year-to-date.
Analyst Ratings
Out of 52 analysts tracking the company, 36 maintain a ‘buy’ rating, 13 recommend a ‘hold’ and three suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target of Rs 1,705.68 implies an upside of 15.9%.
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Impact On Indian Stock Market
The hiring of 20,000 freshers by Infosys is a positive sign for the Indian stock market, particularly for the IT sector. It indicates that the company is confident about its growth prospects and is investing in its human resources to drive growth.
However, the high attrition rate of 14.3% is a concern for the company. It may impact the company’s ability to deliver projects and meet client expectations.
Overall, the news is positive for Infosys and the Indian stock market. It indicates that the company is on track to meet its growth targets and is investing in its human resources to drive growth.
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Conclusion
In conclusion, Infosys’ hiring of 20,000 freshers in FY26 is a positive sign for the Indian stock market. It indicates that the company is confident about its growth prospects and is investing in its human resources to drive growth.
However, the high attrition rate is a concern for the company. It may impact the company’s ability to deliver projects and meet client expectations.
Investors should keep a close eye on the company’s progress and watch for any updates on its growth prospects. For more information on Sensex news, please visit our website.
