Q3 Results LIVE: ICICI Pru AMC's Net Profit Goes Up 10%; HDB Financial Profit Rises

Infosys Ltd. has hired around 18,000 freshers so far in the current financial year and will meet its 20,000 target by March, Chief Financial Officer Jayesh Sanghrajka said on Wednesday.

The company had announced its goal to onboard 20,000 freshers back in April.

"We had said we will hire 20,000 freshers this year and we have onboarded 18,000 so far and on our way to finish our target. It reflects in our headcount also because many any of them are under training. Our utilisation, including training, has come down," Sanghrajka said. "It our investment in building future capacity," he added.

• Net Profit up 9.8% at Rs 917 crore versus Rs 835 crore

• Total Income up 8.9% to Rs 1,624 crore versus Rs 1,491 crore

• Profit up 36.3% at Rs 644 crore versus Rs 472 crore (YoY)

• Calculated NII up 22% at Rs 2,285 crore versus Rs 1,872 crore (YoY)

"Infosys delivered a strong Q3 performance demonstrating how our differentiated value propositions in enterprise AI, through Infosys Topaz, are consistently driving higher market share," CEO Salil Parekh said.

Infosys' voluntary attrition rate fell to 12.3% from 14.3% in the previous quarter and 13.7% in the same period last year.

The total employee count rose by 5,043 sequentially to 3,37,034 in the December quarter.