HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  


Search:



The Web

Rediff








Business
Portfolio Tracker
Business News
Specials
Columns
Market Report
Mutual Funds
Interviews
Tutorials
Message Board
Stock Talk



Home > Business > Business Headline > Report

Infosys to hire 1,000 people in Q1

Fakir Chand in Bangalore | April 10, 2003 22:32 IST

Maintaining the tempo of its hiring spree, Infosys Technologies Ltd is set to hire about 800-1000 software engineers during the first quarter (April-June) of the current fiscal year 2003-04.

Even in the face of challenging environment and uncertainty throughout the fiscal year 2002-03, the IT bellwether created a record of sorts by hiring a whopping 5,509 (gross addition), including 1,427 laterals as against a net addition of just 907 professionals during the previous fiscal year of 2001-02.

As a result, at the end of March 31, 2003, Infosys' total employee strength has shot up to a high of 15,356, including 14,001 software professionals. The attrition rate, however, was a mere 6.9 per cent.

"Keeping in view our long-term requirements, spread over 12-18 months, we will continue to hire people as per the demand generated from quarter-to-quarter," declared Infosys' chief operating officer S Gopalakrishnan in Bangalore on Thursday, when the company's results were announced.

The official, however, declined to reveal the number of employees to be recruited during the next three quarters.

Beating its own revised guidance and estimates for the fiscal 2002-03, Infosys was able to maintain a consistent volume growth in revenue terms though it just about managed to meet its earning projections, thanks to pressure on billing rates and rupee appreciation.

Going by its outlook for the new fiscal year (2003-04), which projects a modest revenue growth of 25-27 per cent, the company is likely to maintain its recruitment drive as in the previous quarters, which has been averaging about 1000 per quarter.



Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor



Related Stories


Short selling hits Infosys

Infosys sees modest growth in FY03

War, SARS impact Infosys operations



People Who Read This Also Read


Holidays in 2003 to cost heavily

BSNL cuts free calls; rentals same

Infosys Q4 profit at Rs 2.59 bn







HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  
© 2003 rediff.com India Limited. All Rights Reserved.