Infosys has announced a 3.1% year-on-year rise in net profit, even as its headcount decreased for the third consecutive quarter. The attrition rate also narrowed to 14.9% between July and September, down from 17.3% in the previous quarter on a last-twelve-month basis. The company has revealed that wage hikes are currently being implemented and will be available to all employees starting November 1.

The company acknowledges existing inefficiencies in its organizational structure, particularly within the pyramid structure. With a utilization rate of 81.8%, there is room for further improvement. Despite a reduction of 7,000 employees, utilization increased by only 70 basis points. This indicates potential for further efficiency gains as the company continues to grow, according to Chief Financial Officer Nilanjan Roy.

India’s second-largest IT services firm experienced a 6.7% growth in revenue, reaching ₹38,994 crore for the last quarter. In addition to these positive results, Infosys has declared an interim dividend of ₹18 per equity share, each with a face value of ₹5.

These financial indicators suggest that Infosys remains on a stable growth trajectory, with opportunities for continued improvements in efficiency and performance.

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