Infosys' employees attrition rate rises to 14.4% in Q1FY26, profit jumps by 9%
Infosys reported a rise of 9% in its consolidated net profit in the June quarter year-on-year to Rs 6,921 crore
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Software service firm Infosys' total headcount surged by 2.5% to 323,788 year-on-year in Quarter 1 fiscal year 2026. The employees' voluntary attrition increased to 14.4% in Q1 FY26 from 12.7% in Q1 FY25, means number of employees who chose to leave the company over the past year has increased, based on a trailing twelve-month (LTM) basis. Notably, rival Tata Consultancy Services (TCS) attrition rate stood at 13.8% in Q1 FY26, Wipro's attrition rate climbed to 15.1%, while HCL Tech attrition dropped 20 basis points to 12.8% in the April-June quarter of FY 2025-26.
Infosys Chief Financial Officer (CFO) Jayesh Sanghrajka, during Q1 earning call, will continue hiring as mentioned last year. He said, "If you look at our hiring numbers, our overall headcount has remained constant at this point in time, and our utilisation is at its peak at 85%. So, we will continue hiring. We expect to continue hiring in line with what we announced at the beginning of the year, so there's no change there".
" We have not stopped lateral hires or deferred any lateral hiring," CFO added.
Meanwhile, Infosys reported a rise of 9% in its consolidated net profit in the June quarter year-on-year to Rs 6,921 crore. Last year, the IT services firm clocked a profit of Rs 6,368 crore in the same period.
Revenue from operations also saw a growth of 7.5% to Rs 42,279 crore. During the quarter, revenue from financial services accounted for 28% of the total revenue share, followed by manufacturing at 16.1%, and retail at 13.4%, respectively.
According to the statement, North America contributed 56.5% to the overall topline during the quarter, down from 57.1% in March. Whereas Europe contributed 31.5% to the topline, Rest of World contributed 9.1%, and India contribution remained constant at 2.9%.
