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Infosys: Employee utilisation rate up, but attrition still a worry

Infosys, which employs 1.57 lakh people, saw attrition of 16.9% for the just-concluded Q1, compared with 16.3% during the previous quarter.

, ET Bureau|
Updated: Jul 12, 2013, 09.29 AM IST
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Infosys, which employs 1.57 lakh people, saw attrition of 16.9% for the just-concluded Q1, compared with 16.3% during the previous quarter.
Infosys, which employs 1.57 lakh people, saw attrition of 16.9% for the just-concluded Q1, compared with 16.3% during the previous quarter.
BANGALORE: India’s second-ranked information technology firm Infosys reported an increase in employee utilisation rate for the first quarter ended June 30, 2013, but attrition continued to be a worry.

The Bangalore-based company, which employs 1.57 lakh people, saw attrition of 16.9% for the just-concluded first quarter, compared with 16.3% during the previous quarter. Attrition was 14.9% in the comparable year-ago period.

Utilisation rate for Infosys was 72.4% in first quarter, up 1.5% sequentially.

The number of net hires was 575 for the first quarter, down from 1,059 in the previous quarter. The net hire number was 1,157 in the year-ago period. On the lateral hiring front, the company roped in 3,008 employees, while the preceding quarter saw it hiring 3,545 employees.

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