Live: Infosys adds 1,059 IT employees in fourth quarter FY 2013

Infotech Lead India: Infosys on Friday said the company has made a gross addition of 8,990 employees (net addition of 1,059) for the fourth quarter of fiscal 2012-13.

Net addition of 1,059 employees was better than third quarter’s 977, but significantly reduced from second quarter’s net addition of 2,610 and first quarter’s net addition of 1,157 employees.

In Q3, gross addition at Infosys was 7,499 employees (net addition of 977). As on December 31, 2012, Infosys and its subsidiaries had 155,629 employees.

In the second quarter, gross addition was 10,420 employees (net addition of 2,610). The company had 153,761 employees as on September 30, 2012.

Gross addition was 9,236 employees (net addition of 1,157) for the first quarter. The number of employees were 151,151 as on June 30, 2012.

Watch Live Video for Q4 result of Infosys here

Infosys has guided 6 percent-10 percent revenue growth for 2014 fiscal that’s way below Nasscom’s growth estimate of 12 percent-14 percent. The company’s outlook for the fiscal year ending March 31, 2013 was 5 percent to $7.343 billion.

Infosys registered 18 percent growth in revenue of Rs 10,454 crore for the March quarter compared to the same period last year.

The IT firm posted a flat 0.3 percent revenue growth sequentially.

The second-largest IT firm’s net profit rose 3.4 percent to Rs 2,394 crore in March quarter and 1.1 percent sequentially.

Infosys and its subsidiaries added 56 clients during the fourth quarter.

In Q3, the company won 8 large outsourcing deals amounting to US$ 731 million of total contract value. It also recorded 14 new wins for Infosys’ products and platforms. Infosys and its subsidiaries added 53 clients during the third quarter.

In Q2 , 39 clients were added during the quarter by Infosys and its subsidiaries.

In the first quarter, 51 clients were added during the quarter by Infosys and its subsidiaries

The company is investing $100 million to investing in products, platforms and solutions ideas in line with Infosys 3.0 strategy.

SD Shibulal, CEO of Infosys, said: “We are progressing well on our strategic direction of building a high-quality company which is relevant to our clients. We are making all the investments necessary to differentiate ourselves in the market place while positioning ourselves as a partner of choice for our clients.”


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