indias secondlargest it company infosys witnessed a 40plus fall in net hiring during the fiscal year 2023 visavis fiscal year 2022 for the full year fy2023 the net hiring number at infosys stood at 29219 down 46 from the 54396 employees hired by the company over the whole of fy2022 infosys reduced its headcount by 3611 employees on a net basis during the quarter ended march with the overall headcount at 343234 the company had hired 1627 candidates in the previous quarter infosys pat rises 8 yearonyear infosys reported 8 yearonyear yoy growth in consolidated net profit to rs 6128 crore for the quarter that ended march 2023 the consolidated revenue for the period increased 16 on the year to rs 37441 crore sequentially the companys net profit in the march quarter fell by 7 while sales dropped 23 for fy23 infosys reported 154 growth in revenue in constant currency terms which was below the lower end of its guided range of 16165forecast dimthe software major has forecasted for fy24 sales to grow by a mere singledigit 47 in constant currency terms an indication of the challenges it foresees in the current year the operating margin is expected to be in the range of 2022 as per the companys guidance for the yearinfosys ceo speakas the environment has changed we see strong interest from our clients for efficiency cost and consolidation opportunities resulting in a strong largedeal pipeline said salil parekh md and ceo during the earnings call we have expanded our internal program on efficiency and cost to build a path to higher margins in the medium term we continue to invest in our people and in supporting our clients parekh addedthe ceo also asserted that infosys pipeline of large deals is extremely strong several of them are mega deals and several of them are opportunities cost and efficiency programmes within clients as well as consolidation opportunities he said