Infosys Q3 Results: IT major appointed 7,762 employees; check what amount of revenue the tech titan bagged from each personnel
In its financial audit report, Infosys revealed that their employees base stood at 2,25,501 people as of December 2018. This was higher compared to 2,17,739 employees in September 2018 quarter.
Infosys is among the major job creator in India, and the December 2018 quarter (Q3FY19) was no different as a total 7,762 employees were added on this quarter. However, even though the company increased its workforce, the Infosys Q3FY19 result was an utter disappointment in rupee terms. On the other hand, growth was positive in terms of constant currency. In its financial audit report, Infosys revealed that their employees base stood at 2,25,501 people as of December 2018. This was higher compared to 2,17,739 employees in September 2018 quarter.
Hence, net addition of 7,762 employees was made in Q3FY19. The employee base of Infosys a year ago in the corresponding period (Q3FY18) was at 2,01,691 people. Thereby, Infosys has added 23,810 employees in just one year.
Pravin Rao, COO at Infosys said, “Volume growth was strong and revenue productivity was stable despite Q3 being a seasonally weak quarter. We had good growth across geographies and large business segments." Rao added, “Attrition declined during the quarter and we are continuing on the path of increased interventions and employee engagements to reduce it further.”
But did you know the revenue Infosys gains from per employee is massive? In dollar terms, Infosys revealed that consolidated revenue per employee came in at $54.3k in December 2018 compared to $54.7k in Q2FY19 and $53.7k in Q3FY18.
Infosys in its December 2018 (Q3FY19) quarter, posted a disappointing result with consolidated net profit declining by a massive 29.61% to Rs 3,610 crore compared to Rs 5,129 crore witnessed a year ago in the same period. Q3FY19 PAT was also down by 12.16% from Rs 4,110 crore registered in Q2FY19. On the other hand, Infosys revenue came in at Rs 21,400 crore in Q3FY19 which was higher by 20.26% as against Rs 17,794 crore in Q3FY18 and was sequentially up by 3.83% versus Rs 20,609 crore in Q2FY19.
In dollar, the revenue was at $2,987 million, the growth of 8.4% YoY and 2.2% QoQ. Operating profit was at $675 million - the growth of 0.9% YoY and decline of 2.6% QoQ. Digital revenues stood at $942 million (31.5% of total revenues) in Q3FY19, which saw year-on-year growth of 33.1% and sequential growth of 5.0% in constant currency terms.