Infosys adds 4,480 staff and doubles fresher hiring, but trims revenue outlook

what happened

According to Moody's, Infosys, India's second-largest IT services company, increased its headcount by 4,480 in the second quarter of FY27. The workforce reached 332,542 at the end of the July-September period, a clear recovery after a 532-person decline in the previous quarter. Net additions for the first half of the year totalled 3,948.

The company onboarded more than 8,000 college graduates, double the number hired in the preceding three months. Its full-year target of around 20,000 fresh graduates was kept in place. Voluntary attrition over the last twelve months eased to 12.7 percent from 13 percent.

Net profit rose 6 percent to Rs.7,823 crore, and revenue climbed 11 percent to Rs.49,244 crore. Large deal total contract value reached $5.2 billion. However, revenue growth guidance for FY2026-27 in constant currency was lowered to 1-2 percent from 1.5-3 percent, while the operating margin outlook of 20-22 percent was maintained.

why it matters

Infosys is one of the key companies in India's IT sector, so its forecasts are watched as a bellwether for the whole index. The guidance cut points to uneven demand for services from clients, though large deal wins and AI-related projects provide support. Investors may want to watch how these signals feed into the Nifty IT index.

market impact

Infosys and Nifty IT: the lower growth outlook weighs on the sector, while strong deal wins partly offset it

tags

instruments