"Last year, we had 9.8 per cent growth and the year before 9 per cent growth. The Tata group company also announced that it will honour each of its commitments on new hires by taking all the 40,000 people who have been given offers on board. The company will provide guidance after visibility improves," it said in the regulatory filing.For the fourth quarter ended March 31, 2020 (Q4FY20), Infosys reported a 6.10 per cent YoY increase in consolidated net profit at Rs 4,321 crore, while revenue rose 8 per cent YoY to Rs 23,267 crore.For the full financial year 2019-20, the IT giant posted a 7.97 per cent YoY rise in its net profit at Rs 16,639 crore against total revenue of Rs 90,791 crore, up 9.8 per cent on yearly basis.Commenting on earnings report, Infosys, CEO and MD, Salil Parekh said, "We had an exceptional year in financial year 2020 with growth of 9.8 per cent and operating margin of 21.3 per cent. "With some impact due to project deferrals and softening of discretionary spends, there will be some margin pressure in the near term," the company said in the regulatory filing.As of 31 March, 2020, Infosys had 242,371 employees compared to 2,28,123 during the same period last year. —7 days ago The hike of up to 8 per cent is for the fiscal year 2020-21 and applicable from July onwards, the sources said. "Infosys intends to not only nurture its vast pool of digital talent in a high-productivity environment, but also honour the job offers it has extended to the markets, in order to enhance the skill-sets it can bring to recovery-focused client environments," the Bengaluru-headquartered company said in a filing to exchanges.With this, Infosys has joined the league of TCS and Wipro, who have promised to honour all job offers made in the last financial year.The company said it will work to optimise its cost structure and operational rigor, anticipating a continued slowdown in the near term influenced by a broad-based global economic recession. Infosys has launched ‘Summer of Ideas’, a global eight-week ideathon, powered by Infosys’ digital learning platform Wingspan, to help the global student and academic community overcome the loss of learning opportunities as a result of the disruption caused by COVID-19. Infosys recently released its 13th Annual Sustainability Report that defines its role in the society as a corporate institution, and the choices it is making to move towards a zero-carbon future. In a bid to mitigate the impact of the crisis caused by COVID-19, Infosys has temporarily suspended hiring, promotions and salary increments, calling it a 'no regret' move. CSS Corp has also paid 100% of variable salary to the majority of its employees.HCL Technologies said that it would honour the nearly 15,000 job offers already made to freshers.The company has shown a visible improvement in performance since the change in management.“Some clients are looking at consolidation. Those located at in-client geographies are likely to get a raise between 1 and 1.5 per cent for the current year. "As of March 31, 2020, the company has robust balance sheet, with around Rs 27,276 crore ($3.605 bn) in cash and cash equivalents, including investments with zero debt. The company, however, said that it will honour all job offers given to college students during the placement season this year, but the joining dates would be deferred and would be decided later.Meanwhile, Cognizant plans to slash up to 7,000 jobs in the next few months as part of cost-reduction efforts in wake of coronavirus pandemic. "We continue to remain focused on execution excellence in a period of high uncertainty. So, they feel, if this lasts 12-18 months, they would want to put their bets on larger players who have done well in transitioning to this new way of working,” Infosys Chief Operating Officer UB Pravin Rao told.Tata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. For the fourth quarter ended March 31, 2020 (Q4FY20), Infosys reported a 6.10 per cent YoY increase in consolidated net profit at Rs 4,321 crore, while …

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