An internal email showed that Infosys, an Indian IT services business, has mandated that its employees work from the office three days a week on average. The email further stated that the corporation will soon need staff to work from their offices.
“Please start coming to the office at least 3 days a week. It will become mandatory very shortly,” an email sent to employees from the vertical heads of the Bengaluru-based software company read.
An identical instruction, asking for ten days of office work per month, was sent in late October to corporate employees in bands 5 and 6.
It's interesting to note that Salil Parekh, the CEO of Infosys, the IT major, said the company was "flexible" when it came to remote work prior to the management issuing work from home directions.
“There are some instances, for example, with specific client work or specific type of engagement where we feel it’s better that everyone is working together. But in general, our view is we want to support this flexible approach. It’s something that we believe is appropriate given how we’ve set up the work-from-home infrastructure," he said during the company’s Q2 FY24 earnings call.
Not all IT service providers have requested that their staff members work from home, including Infosys. One of Infosys' competitors, Tata Consultancy Services (TCS), has similarly directed some teams to operate only from the office.
“We believe working from the office is good for the associates, customers and TCS. You're talking only about work output in terms of how they deliver to customers, but how do they get mentored on culture? How do they get mentored on how they deal with customers and colleagues."
K Krithivasan, CEO, TCS
Infosys recorded a 3% YoY increase in net profit for the September quarter, coming in at Rs 6,212 crore as opposed to Rs 6,026 crore in the same quarter last year.
In comparison to the same quarter last year, when revenue was Rs 36,538 crore, the IT major's September quarter revenue increased 6.7% to Rs 38,994 crore. Compared to $4,555 million in the September quarter, the company's revenue increased 3.6% in dollar terms to $4,718 million in the second quarter. Revenue increased 2.2% sequentially from $4,617 million.
