Information technology services giant Infosys will hire 20,000 college graduates in FY27, CEO Salil Parekh said on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, as the company pivots its services portfolio toward growth opportunities driven by artificial intelligence (AI).
The WEF, scheduled from January 19 to 23, will bring together nearly 3,000 leaders from over 130 countries, including 400 top political leaders and 850 CEOs.
“From April 1, 2026, to March 31, 2027, Infosys will hire another 20,000 college graduates; it’s already in our plan,” Parekh told Moneycontrol.
In the first three quarters of FY26, India’s second-largest IT services exporter has already recruited 18,000 college graduates, while its net headcount increased by over 5,000 employees in the last quarter (Q3FY26). By the end of FY26, Infosys expects to hire 20,000 college graduates.
AI Opportunities Galore
Parekh said the Bengaluru-based company is seeing strong opportunities from AI, even as parts of traditional work face pressure.
“We see some places where there’s compression and some places where there’s growth. And we see the growth a little bit more than what we see on the compression,” he said.
According to Parekh, AI is creating new service demand across software development, customer service, and the modernisation of legacy applications, driven by the growing adoption of AI agents and wider use of foundation models.
“If you take an example of software development, where there are a lot of AI agents being developed on different foundation models, there’s work going on. For example, in customer service, and in modernising old legacy applications using agents,” he said, adding that these are emerging areas even as some existing work faces compression.
On December 25, Moneycontrol exclusively reported that Infosys had raised entry-level salaries for freshers, offering compensation of up to ₹21 lakh per annum for specialised technology roles, as it ramps up hiring to strengthen AI-first capabilities and attract digitally native talent.
Moving From AI PoCs to Production
Parekh also highlighted that client adoption of AI is moving beyond pilot projects in several areas, with deployments now happening at scale.
“In financial services, out of our 25 largest clients, in 15 we are the AI partner of choice. These are real projects—not proof of concept. These are projects in banks that are being used at scale today,” he said.
On the potential deflationary impact of AI on pricing, Parekh noted that pricing models for AI-led delivery are still evolving as projects increasingly combine human teams with AI agents.
“It’s still an early stage. We are already doing some pricing based on agents and joint teams—agents plus humans—but that’s a very small portion of the work,” he said, adding that more standardised models could emerge over the next few quarters and years.
2026 Tech Budgets
Commenting on the outlook for client technology spending, Parekh said large US companies appear to be benefiting from stronger GDP growth, which could support technology investment decisions.
“What appears to be is that many large companies are seeing growth in US GDP. This is more evident on the US side than in Europe,” he said.
