Saurabh Govil, chief human resources officer (CHRO) of Wipro, stated that while there may be quarterly adjustments, the company intends to onboard this number of new graduates each fiscal year. For the current fiscal year, Wipro has hired around 7,000 freshers by Q3, with plans to bring on 2,500-3,000 more in the final quarter.
“We’ve done approximately 7,000 (till Q3). And we’re looking at between 2,500-3,000 in the next quarter,” he said.
In comparison, rival IT firm Infosys revealed a day prior that it plans to hire over 20,000 freshers in FY26, indicating a rebound in demand and spending across sectors.
Cautious hiring approach
Govil emphasised a cautious approach to hiring, saying, “We don’t want to make offers we can’t absorb. We have learned the lesson and aim for more consistent hiring.”
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Wipro Q3 resultsWipro announced its Q3 results on Friday. The company saw a 24.5% year-on-year (YoY) jump in net profit at Rs 3,366.7 crore for the October to December quarter of the ongoing fiscal year backed by growth in consulting business Capco, rupee depreciation and lower employee and other expenses.
For Q4, Wipro has provided a more optimistic outlook, with IT services revenue expected to range between $2,602 million and $2,655 million.
Infosys Q3 results
Wipro continued to remain a laggard compared to its peers. Infosys reported strong 11.4% YoY and 4.6% quarter-on-quarter (QoQ) growth in net profit at Rs 6,806 crore while revenue surged 7.6% YoY and 1.9% QoQ to Rs 41,764 crore. Infosys also upgraded its FY25 outlook to 4.5%-5.0% in constant currency terms.