Infosys, India's second-largest IT services company, has reversed a six-quarter hiring slump by adding 2,456 employees in the second quarter of fiscal year 2025 (July-September). The company's total workforce now stands at 317,788, up from 315,332 in the previous quarter.

This shift marks a significant improvement from the previous quarter (April-June), during which Infosys had reduced its headcount by 1,908 employees, continuing a trend of workforce reductions for six consecutive quarters.

Attrition for the second quarter increased slightly to 12.9%, compared to 12.7% in the first quarter of the fiscal year, though it remained lower than the 14.6% recorded in the same period last year.

CEO and MD of Infosys, Salil Parekh, highlighted the company's growth during this period, stating, "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."

Parekh also expressed his gratitude to the company's employees for their dedication, especially as Infosys continues to lead in market innovation. "Our large deals, amounting to $2.4 billion in Q2, reflect our differentiated position," he said.

In comparison, Tata Consultancy Services (TCS), India’s largest IT company, reported a net addition of 5,726 employees during the same quarter, bringing its total workforce to 612,724. Meanwhile, HCLTech, another key player in the IT sector, saw a headcount reduction of 780 employees, taking its total to 218,621.

Back in May, Infosys had projected hiring between 15,000 and 20,000 freshers for the fiscal year ending in March 2025, a goal that seems increasingly achievable given recent trends.

For Q2 FY25, Infosys reported a 4.7% year-on-year growth in net profit, reaching Rs.6,506 crore, with revenues rising by 5.1% to Rs.40,986 crore. Sequentially, the company's net profit and revenues increased by 4.2% and 2.2%, respectively.

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