Infosys' full-year employee strength drops for 1st time in 23 years

Bengaluru, Apr 18:  The full-year headcount at IT major Infosys declined for the first time in nearly 23 years, by 25,994 in the financial year 2023-24.

The full financial year headcount was 317,240 -- a 7.5 per cent decrease from the previous fiscal year.

"Our utilisation rate has improved from 77 per cent utilisation including trainees in the beginning of the year. The growth environment was also very different at that point so we had guided differently," said Jayesh Sanghrajka, CFO, Infosys, as the company reported its fourth-quarter results on Thursday.