Infosys announced its fourth quarter results on Friday and said that the IT bellwether’s consolidated net attrition fell to 17.3 per cent as against 18.1 per cent in the sequential quarter ended Dec, 2015. The number of employees who left the company in Q4FY16 stood at 8,373 compared to 8,620 in the last quarter.
The company, however, added that net addition of employees in the reported quarter was a mere 661 in comparison with 5,407 and 6,549 employees in Q3FY16 and Q4FY15, respectively. The total employees of the company’s stood at 1,94,044 in the current quarter as against 1,93,383 in the last quarter.
Infosys has posted 3.81 per cent quarter-on-quarter (qoq) rise in its consolidated net profit figures at Rs 3,597 crore for the quarter ended March 2016. The company registered net profit of Rs 3,465 crore in the sequential quarter ended December 2015 and Rs 3,097 crore in the same quarter last year.
IT major’s revenue grew 4.07 per cent quarter-on-quarter and 23.40 per cent year-on-year (yoy) to Rs 16,550 crore. The consolidated operating profit of Infosys jumped 6.59 per cent qoq and 22.35 per cent yoy to Rs 4220 crore.
“Employee attrition reduced further in Q4, and is reflective of increased engagement with our people all through the year, and our steps to make Infosys an exciting place for the world’s best talent. We continue to reimagine our internal processes to increase organizational agility.” said U B Pravin Rao, COO.