Attrition in Infosys drops to 14.2 per cent in first quarter

Attrition of techies in Infosys declined 9.2 per cent to 14.2 per cent in first quarter (April-June) of this fiscal (2015-16) from 23.4 per cent in like period a year ago (2014-15), the software major said on Tuesday.

"Quarterly annualised attrition declined to 14.2 per cent in first quarter of this fiscal (FY 2016) from 23.4 per cent in same quarter of last fiscal (FY 2015) on standalone basis for the parent company," Infosys said in a statement in Bengaluru.

Attrition, however, declined by 7.2 per cent on annualised basis to 19.2 per cent in the quarter under review (Q1) from 26.4 per cent on consolidated basis, including subsidiaries the world over.

Though Infosys hired (gross addition) 11,889 people in first quarter, net addition was only 3,336 as 8,553 techies left during last three months, taking the total number of employees to 179,523 by June end, as against 176,187 quarter ago and 161,284 year ago.

Sequentially, attrition declined to 14.2 per cent marginally in Q1 from 13.4 per cent quarter ago on standalone but increased to 19.2 per cent from 18.3 per cent quarter ago on consolidated basis.

"Utilization excluding trainees expanded sequentially by 160 basis points to 80.2 per cent from 78.6 per cent and including trainees to 75.7 per cent from 72.8 per cent quarter ago," the statement added.