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Infosys beats estimates, logs 17% rise in Q1 profit

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    'We believe in the short term the global economic environment will continue to be challenging.'

    The company has reported under utilization of employees on account of the business environment and a 1.1 per cent reduction in the volume of work. This has been used as an opportunity to increase education and training for employees, Gopalakrishnan said. Infosys has reported an increased involuntary attrition rate of 2.9 per cent that is attributed to exits on the basis of performance analysis. Total attrition for the first quarter was pegged at 11.1 per cent in the currently 1,03,905 employee company.

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