Infosys may hire more than 55,000 new entrants in 23 fiscal years : CEO

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Parekh added that Infosys sees a good runway for future growth, which will be primarily driven by services built around the cloud. He reiterated that skilled employees will focus on future jobs.

Infosys, the World’s second-largest IT exporter is expecting to hire more than 55,000 new graduates from campuses in fiscal 2023, a top executive said on Wednesday.

Salil Parekh, chief executive of the Bangalore-based company, said that engineering and science graduates in the field of technology have a lot of opportunities waiting for them but requested them to internalize them so that they can learn new skills in a short period.

We will be recruiting 55,000 college graduates in fiscal year 22. We expect to recruit even higher numbers next year (FY23),” Parekh said while addressing the annual NTLF event of the IT industry lobby NASSCOM.

He said Infosys is targeting a 20 percent jump in annual revenues in FY22 and, this presents a Great opportunity for a fresher to join the company and grow.

In addition, it has a program to re-employ all existing employees, unlike peers, to ensure that existing employees remain competent and relevant again.

Parekh said for young college students that great opportunities are waiting but they should be prepared to embrace new skills at short intervals.

He said rooted employees can master themselves every decade, but the technical cycles are too short and young graduates need to master themselves every three to five years.

Parekh added that Infosys sees a very good runway for future growth, which will be primarily driven by services built around the cloud. He reiterated that skilled employees will focus on future jobs.

Parekh said his company is ready to work with the client and other partner vendors as the work comes from undertaking large-scale digital conversion for customers.

It can also integrate public cloud, private cloud, and platform as a service function to meet client needs.

Parekh said that in the high response to the software-as-a-service (SASS) offer from India, Infosys has changed its banking offering to Finacle and expects to make a large contribution to the company.

Equinox, a platform similar to the burgeoning e-commerce sector, is gaining traction, as well as an offer in insurance, he said.

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