Infosys has revised its guidance for fiscal 2026 revenue growth upward to 3.00%-3.50% in constant currency terms from the earlier 2.00%-3.00%, while maintaining operating margin guidance of 20.00%-22.00%. The company also reported strong large deal momentum with total contract value (TCV) reaching $4.80 billion in the third quarter. Additionally, Infosys has hired around 18,000 freshers in the current financial year and remains on track to meet its 20,000 target by March.

Improved Financial Guidance and Large Deal Performance

The upward revision in revenue guidance reflects improved business outlook and strong client demand across key markets. The company maintained its operating margin guidance of 20.00%-22.00% despite various market challenges. Large deals continued to drive growth momentum with Q3 TCV of $4.80 billion, demonstrating the company's ability to secure significant client engagements.

Aggressive Fresher Hiring Strategy Drives Workforce Expansion

Infosys recorded its highest net headcount addition in 11 quarters, adding 5,043 employees in Q3 to reach a total workforce strength of 337,034. The company had announced its goal to onboard 20,000 freshers back in April and has successfully hired 18,000 so far. Chief Financial Officer Jayesh Sanghrajka explained that the company remains on track to finish its hiring target, with many new recruits currently under training.

Attrition Decline Contrasts With Industry Trends

Voluntary attrition rate fell significantly to 12.30% in the third quarter from 14.30% in the previous quarter and 13.70% in the same period last year. This improvement contrasts sharply with larger rival TCS, whose headcount dropped by over 11,000 employees to 582,163 from 593,314 in the September quarter. TCS's attrition rate rose marginally to 13.50% compared to 13.30% in the previous quarter.

Mixed Financial Performance With Revenue Growth

The company reported quarterly revenue of ₹45,479.00 crores, representing a 2.20% quarter-on-quarter increase and robust year-on-year growth. However, consolidated net profit fell nearly 10% to ₹6,654.00 crores in the October-December quarter compared to the preceding quarter, primarily due to a one-time provision of ₹1,289.00 crores for compliance with new labour codes notified by the government.

An individual identifying as Rajamani has brought serious workplace harassment allegations against Infosys to public attention through a detailed social media post, claiming to have endured systematic persecution for over two years despite 13 years of dedicated service to the company.

Allegations of Systematic Harassment

According to the social media post on platform X, the employee alleges being subjected to what they describe as a "coordinated network of harassment" allegedly orchestrated by their appraiser along with certain colleagues. The individual claims this systematic targeting began following a personal conflict at the workplace involving the appraiser and coworkers.

Nature of Alleged Harassment

The employee's post details various forms of alleged harassment, including:

• Monitoring of personal movements and stalking behavior
• Orchestrated incidents designed to humiliate and intimidate
• Harassment extending beyond workplace to personal life
• Loss of privacy, autonomy, and dignity
• Treatment described as being "like a prisoner or slave"

The individual characterizes the situation as more than workplace harassment, describing it as an organized and unethical effort to control and humiliate them, creating what they termed a "suffocating environment."

Internal Complaint Process

Despite the severity of the allegations, the employee claims their attempts to seek resolution through internal channels proved unsuccessful. According to the post, complaints were raised with senior management and the matter was discussed internally, but no action was taken, leaving the individual isolated and without resolution.

The employee states this lack of internal response prompted them to seek external intervention, appealing for help to end what they describe as systematic injustice and hold those responsible accountable.

Company Response

Infosys did not respond to queries regarding the allegations at the time of publishing, leaving the serious claims without official company comment or clarification.

Broader Implications

The employee's public appeal emphasizes their belief that no individual should face such treatment in a democratic country, framing the allegations as violations of basic civil rights rather than standard workplace disputes. The case highlights ongoing concerns about workplace harassment and the effectiveness of internal complaint mechanisms in large organizations.