“I’d take a 1% hit on profitability and say let’s honour all our commitments somewhat than delaying or denying jobs to freshers,’‘ stated Ashok Soota, Executive Chairman, Happiest Minds, whereas responding to question associated to some tech companies deferring the onboarding of campus recruits or denying job provides.
IT agency Happiest Minds Technologies Ltd. fourth-quarter consolidated net revenue grew 11% to ₹58 crore whereas income from operations climbed 26% from the year-earlier interval to ₹378 crore. For the complete fiscal, the corporate reported a 28% YoY development in net revenue to ₹231 crore and its income from operations jumped 31% to ₹1,430 crore.
Happiest Minds made campus provides to 450 freshers in FY23 and all of them would come onboard in FY24. During the present fiscal, the corporate would rent 1,300.
“I’d take a 1% hit on profitability and say let’s honour all our commitments somewhat than delaying or denying jobs to freshers,’‘ said Ashok Soota, Executive Chairman while responding to query related to some tech firms deferring the onboarding of campus recruits or denying job offers.
“There is a history of companies delaying it. But, we have a philosophy of saying we don’t need to. We have at all times had a philosophy of claiming we by no means layoff,’‘ he stated whereas addressing a media convention right here on Monday.
The firm gave out a income development steerage at 25% for FY24. In Q4, the corporate had a complete worker base of 4,917 on the finish of the March quarter, with a net addition of 306 workers. Its attrition on a trailing 12-month foundation stood at 19.8%.