From last few years, almost all IT companies are facing attrition problem and all software engineers are not satisfied with the pay and bonus that they get from their companies. But today country’s second largest firm Infosys said that it has brought its attrition rate under control and expects to see a further 200 basis points improvement in the coming quarters.
“Attrition is under control. This quarter, it has marginally increased but that’s seasonal because in quarter one, we see people leaving for higher studies. So if we compare on Y-o-Y basis standalone, our attrition level has gone down,” Infosys chief operating officer U B Pravin Rao said.
At the end of this quarter, Infosys will be having 1,79,523 employees with an addition of 3,336 employees.
Infosys CEO and managing director Vishal Sikka has said that the company is looking for expansion and will buy small companies working on innovative technologies. “We want to acquire innovative companies, that may be small ones but should work on latest technologies”, he said.
He added that the company is on track of its aspiration to garner and predicted that revenue will be around $20 billion by 2020.