Wipro’s attrition rate rises higher to 15.3% for Q3 Vs 14.2% in the same quarter last fiscal.
The company’s total headcount is down by 1,157 employees QoQ and stood at 232,732 in Q3 FY25 compared to 233,889 in Q2 FY25. The total employee count was 239,655 in Q3 FY24.
The net utilisation, which excludes trainees, was 83.5% for the reporting quarter of FY25, compared to 84% in the corresponding quarter of the previous year.
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The attrition rate refers to the percentage of employees who exit a company during a specified time frame. This metric is essential for human resources (HR) teams to assess employee retention and the overall well-being of the organization.
The company expects revenue from the IT services business segment to be in the range of $2,602 million to $2,655 million for FY25. This translates to sequential guidance of (-)1.0 % to 1.0 % in constant currency terms.
Also ReadWipro dividend announcement: Interim dividend of Rs 6 declared
Wipro reported a net profit growth of 24.66% standing at Rs 3,366.70 crore for Q3 FY25 in comparison to Rs 2,700.60 crore in Q3 FY24. It recorded revenue from operations at Rs 22,318.80 crore, marginally higher than Rs 22,205.10 crore posted during the correspondent period of the previous financial year.
Also, the company announced an interim dividend of Rs 6 per equity share of par value of Rs 2 each as of January 28, 2025, being the record date.
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