IT major Infosys Technologies today said it hired 9,313 employees in the fourth quarter while the net addition after taking attrition into account was 3,914.
“During the quarter, Infosys and its subsidiaries added 9,313 employees (gross). The net addition during the quarter was 3,914,” the company said in its financial statement.
As on March 31, 2010, Infosys and its subsidiaries have a total of 1,13,796 employees.
At the end of December 2009, the employee strength of the IT bellwether was 1,09,882.
“This has been a seminal year for Infosys,” T V Mohandas Pai, Infosys Board Member and Head -? HRD and Education & Research, said, adding “we closed the year making 19,000 offers on campuses for fiscal 2011.”
Infosys Tech’s subsidiaries include–Infosys BPO, Infosys Technologies (Australia) Pty Ltd, Infosys Consulting, Inc and Infosys Technologies (Sweden) AB, among others.
Infosys’ cash pile at Rs 15,857 cr on March-end
Software outsourcing major Infosys Technologies cash and cash equivalents stood at Rs 15,857 crore at the end of fourth quarter, up 44.24 per cent over the corresponding period a year-ago.
At the end of March 31, 2010, cash and cash equivalents, including investments in available-for-sale financial assets and certificates of deposits was Rs 15,857 crore compared to Rs 10,993 crore as on March 31, 2009, the IT bellwether said in a statement.
Commenting on the liquidity and capital expenditure plans of the company, Infosys Chief Financial Officer V Balakrishnan said: “The currency volatility continues to be a concern for the industry. We, however, have an active hedging program to minimize its impact on our margins.”
Current assets are used to fund day-to-day operations and pay ongoing expenses.