TCS chief executive N Chandrasekaran had attributed the action to a performance review, where the employees were found to be wanting in skill sets. He had added that all the companies carry out such exercises.

Infosys' Rao said the Bangalore-based company has made 20,000 offers on campuses for hiring freshers in FY16 and will await to see how many of them actually join.

He, however, conceded that going forward the pace of hiring will trail the revenue growth for the industry.

On industry lobby Nasscom's target of a 12-14 percent growth in exports for FY16, Rao declined to give Infosys' view on the matter saying its too early to comment on it and the company is assessing the landscape by speaking to clients.

He said Infosys continues to be interested in acquisitions and would look for targets in Japan, Nordic countries and Latin America.

"We're very clear what we want to acquire but it takes time," he said.

Infosys welcomes the pro-activeness of the government in launching initiatives like Digital India and will "actively participate" in the opportunities that come about as part of the same.
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