Tata Consultancy Services’ attrition rate for the last twelve months stands at 13% for the quarter under review. The IT giant’s headcount shrank by 5,370 in Q3 FY25 standing at 607,354. The company’s attrition rate was 12.3% in the previous quarter of the same financial year with a total workforce of 612,724.
“We continue to invest in employee upskilling and overall well-being. Our campus hiring for the year is going according to plan and preparations are afoot to onboard a higher number of campus hires next year,” said Milind Lakkad, Chief HR Officer at TCS.
“The employee base is very diverse, with 35.3% women and with 152 nationalities. TCSers have clocked 40.1 million learning hours and acquired 3.8 million competencies YTD. IT services’ attrition was at 13% for the last twelve months,” read a press release of the company.
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The IT bellwether has kickstarted the earnings season from January 09. The company reported a net profit of Rs 12,380 crore for Q3 FY25, an increase of 5.5% from Rs 11,735 crore in the same quarter of the previous fiscal year. Its revenue from operations grew 5.6% to Rs 63,973 crore for the quarter ending December 31, 2024.
The stock of TCS closed the session 1.6% lower at Rs 4,044. The stock has fallen 2.4% in the last five trading sessions. It has wiped out more than 9% of investors’ wealth in the last one month. However, it has risen 1.5% in the last six months.
To compare, the Nifty 50 has fallen 2.5% in the last five trading sessions and 4.44% in the last one month.
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