Revenue rose 16.9% year over year in constant currency at IT services giant Infosys Ltd. (NYSE: INFY) in its fiscal first quarter ended June 30. The company noted large deal flows remained strong.

“Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9% year-on-year and 4.8% quarter-on-quarter in constant currency,” CEO and Managing Director Salil Parekh said.

Infosys noted demand for talent is exploding, and Chief Operating Officer Pravin Rao said the company plans to expand its hiring program for college graduates to approximately 35,000 globally.

The company is also focusing on employee wellbeing.

“We rolled out several intense employee engagement initiatives including career acceleration opportunities, compensation reviews, and learning and development interventions,” Rao said.

Outlook

Infosys forecast revenue for the full year would be up by 14% to 16%.

Share price and market cap

Shares in Infosys traded on the New York Stock Exchange were up 2.64% to $21.61 as of 1:05 p.m. Eastern time; they set a new 52-week high today when they reached $21.87. The company has a market cap of $87.97 billion.