Infosys hires 7,834 employees in Q2FY19; one employee generates this much revenue for the IT-giant
IT-giant Infosys has announced its September 2018 (Q2FY19) result, and the company has not failed to surprise pleasantly. The company posted a consolidated net profit of Rs 4,110 crore in Q2FY19, which was up by 10.30% from Rs 3,726 crore in the corresponding period of the previous year. Meanwhile, consolidated revenue came in at Rs 20,609 crore, registering growth of 17.32% from Rs 17,567 crore a year ago same period.
Talking about the result, Salil Parekh, CEO and MD said, "We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital led full service capabilities, and intense focus on the needs of our clients."
“We had another quarter of solid operating parameters with utilization being stable and offshore mix improving to all-time high”, said U B Pravin Rao, COO.
In its fact sheet, Infosys revealed that it had a total of 2,17,739 employees in Q2FY19, compared to 2,09,905 staffers in Q1FY19 and 1,98,440 employees in Q2FY19.
— Infosys (@Infosys) October 16, 2018
With this, Infosys alone added 7,834 employees in Q2FY19. In comparison with same period a year ago, the IT-giant has added a massive 19,299 employees under its umbrella.
Interestingly, Infosys also revealed their revenue generation per employee on consolidated basis.
It was seen that, one employee of Infosys generated about $54,700 in revenue in Q2FY19. However, this is gradually lower compared to $54.9 thousand in Q1FY19, but higher compared to $52.7 thousand in Q2FY17.
"Certain key financial and operational matrix had a very positive trajectory like revenue growth, client growth or the deal range or cash generation and some of them are at multi-year highs in this quarter. If I want to describe this quarter's financial performance in one single word is the blockbuster financial performance and operating performance," said Ranganath D Mavinakere, CFO, Infosys Ltd.
Q2FY19 revenues grew year-on-year by 7.1% in USD terms; 8.1% in constant currency terms. Digital revenues at $905 million (31.0% of total revenues), year-on-year growth of 33.5% and sequential growth of 13.5% in constant currency terms.