Infosys attrition rate more than doubles YoY in Q4FY22 at 27.7%; headcount up 21%
Infosys attrition rate: Indias second largest IT company Infosys reported voluntary attrition rate of 27.7% on the Last Twelve Month basis for IT Services, which was much higher than what the company reported in the year ago period. Infosys Q4 FY21 attrition stood at 10.9%
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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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 hereQ4 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.
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