Infosys plans to hire 15-16,000 engineering graduates next fiscal, indicating a better demand outlook for India’s second-largest software firm.
Speaking at an event in the city, N R Narayana Murthy (pictured), executive chairman of Infosys, said, “We have already started recruitment for the next year. We are looking at about 15-16,000 engineers, so the process is already in progress.”
In April, Infosys’s CEO S D Shibulal said the company would trim fresher hiring for the year, and was looking at a figure of around 10,000 engineers in fiscal 2014, including 5,000 who were given offer letters in fiscal 2013. Shibulal had said the company would also consider just-in-time hiring during the year depending on the number of projects and their size.
Thus, Infosys’s hiring target for fiscal 2015 is 5,000-6,000 more than this fiscal.
However, this number is still almost half that of peer TCS, which is also India’s leading IT company, whose CEO, N Chandrasekaran said TCS was on track to hire 25,000 fresh engineering graduates in the next fiscal, higher than the 23,000 freshers it hired this fiscal – pointing to a better demand outlook next year.
Infosys had also predicted that the next two quarters would be choppy – taking a completely divergent stand from the rest of the fairly upbeat IT industry, including IT body representative, Nasscom, which has maintained its IT export guidance for the fiscal at 12-14%.
While this may be regarded as the usual conservative approach by Infosys, a turnaround may also be still some time away, with contracts and contract sizes for Infosys increasing, but still not at par with peers -- TCS and HCL Technologies.