Infosys expects its revenue to increase in the FY22 to grow at 12-14% on a constant currency basis. Infosys believes that strong new-age digital deals now make up more than half of its top line. Difficulties faced in the early months of pandemic have now taken a sharp turn due to the double-digit growth. CEO & MD Salil Parekh said on Wednesday that the guidance is a strong indication, that they see very good demand. Demand is broad-based, almost all of the industries are providing a good outlook for demand. CEO & MD Salil Parekh said that the company is clearly today, the bellwether in the industry. Infosys dollar revenue grew by 9.6% year-on-year in constant currency.
TCS, which is their Rival company, announced results on Monday that they grew by 5.9% in the quarter. Whereas in the full year, where Infosys grew at 5% in constant currency, the revenue of TCS’s fell by 0.8%. Infosys’s Q4 performance is expected to be better than what it turned out to be by the investors. After the Indian stock market announced, Infosys share price was down by almost 5.5% on the NYSE in morning trade. Infosys is expecting to see tremendous growth in digital, with all clients being on different stages of their digital activities, whether it could be in cloud, data & analytics, or cybersecurity. Infosys is thinking of buyback of it shares from the open market at an offer price, not exceeding Rs 1,750 per share. A final dividend of Rs 15 per equity share for the previous fiscal was recommended by Infosys. Infosys are planning to give another pay hike in July. Infosys COO Pravin Rao said they felt that July 1 was the right time considering Infosys have a phased approach to compensation. The target behind this is to get back to regular appraisal cycles in the coming year. The Quantum of hikes has not been disclosed by Infosys. Infosys said that they are planning to hire 25,000 freshers this fiscal , of which 24,000 would be from various Indian campuses and the remaining from various other geographic regions. TCS also said that they are going to hire 40,000 from campuses this year with its total head count set to 500,000 this fiscal. TCS ended its last fiscal with 488,469 employees. Hiring is also rising because employee attrition is rising with the job environment improving.
