Fri Jan 17 03:50:00 UTC 2025: **Infosys Beats Earnings Estimates, Plans Major Hiring Spree**

**MUMBAI, INDIA –** Infosys, India’s second-largest IT services company, announced strong Q3 earnings, exceeding market expectations, and revealed plans to hire over 20,000 freshers in fiscal year 2026. The company reported a net profit of Rs 6,806 crore (approximately $825 million USD), an 11.4% year-on-year increase. Revenue also saw a significant rise, reaching Rs 41,764 crore (approximately $5.06 billion USD), a 7.5% increase compared to the same period last year. This strong performance led Infosys to raise its revenue growth guidance for FY25 to 4.5-5%.

This surge in hiring comes after six quarters of slower growth and signifies a recovery in discretionary spending across various sectors. The company added 5,591 employees in Q3, its second consecutive quarter of net headcount additions. This contrasts with rival HCLTech, which reduced its fresher hiring target. Infosys will also implement a two-phase compensation review, with salary hikes of 6-8% in India.

While Infosys reported positive growth, Tata Consultancy Services (TCS) saw a net loss of 5,370 employees in Q3. HCLTech, however, added 2,134 employees. The news follows a separate announcement regarding India’s Largest Regional Retail Option Traders Summit (BOTS) organized by Traders Gurukul. This monthly event focuses on options trading. The article also mentions a new functionality aimed at improving user navigation and generating leads for brokers.

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