Infosys attrition rate more than doubles YoY in Q4FY22 at 27.7%; headcount up 21%

Infosys attrition rate: India’s second largest IT company Infosys reported voluntary attrition rate of 27.7 per cent on the Last Twelve Month (LTM) basis for IT Services, which was much higher than what the company reported in the year ago period. As per the exchange filing, Infosys Q4 FY21 attrition stood at 10.9 per cent.

The Q4FY22 attrition rate was also sequentially higher as the company had reported voluntary attrition of 25.5 per cent in Q3FY22.

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The total headcount for the reporting quarter stood at 3,14,015 versus 2,92,067 in Q3FY22 and 2,59,619 in Q4FY21. Out of this, headcount for software professionals stood at 2,97,859 for quarter ended March 31 2022. It was 2,76,942 for Q3FY22 and 2,45,037 in the year ago period.

Women accounted for 39.6 per cent of the total work force for Q4 of FY22. It was 39.6 in Q3FY22 and 38.6 per cent in Q4FY21.

The company hired 54,396 people in FY22.

Today, the company reported its fourth quarter earnings results.

Infosys Limited today reported a 12 per cent year-on-year (YoY) net profit at Rs 5686 cr for the quarter ended 31 March 2022 as against Rs 5076 cr it earned during the corresponding quarter in FY21, the company said in an exchange filing. On the quarter-on-quarter basis, the Profit After Tax (PAT) was down 2.1 per cent. In Q3FY22, the PAT stood at Rs 5809 cr, the exchange filing said.  

Also Read: Infosys Q4 results: Net profit up 12% YoY at Rs 5686 cr on large deal momentum; company announces Rs 16 dividend – key highlights here
Q4 sequential growth was 1.2% in constant currency with operating margin of 21.5%. TCV of large deal wins was $2.3 billion in Q4.

Meanwhile, the revenues were up over 22 per cent at Rs 32,276 cr for the reporting quarter versus Rs 26,311 cr in the year ago period. However, revenues were up by 1.3 per cent sequentially.