While commenting on the fall in operating profit margins, Rajesh Gopinathan, chief executive officer and managing director, TCS said, “This is the bottom where we do our annual wage increases and promotions. The total impact of that on our profit and loss is about 150 basis points.”
The IT major reported a profit of Rs 9,246 crore in the corresponding quarter last year. On the other hand, revenue from operations grew 16.57 per cent YoY to Rs 50,951 crore.
Express News Service
BENGALURU: India’s largest IT services company, Tata Consultancy Services (TCS) hired 40,185 employees for FY20-21(FY21) amidst job uncertainties and lay-offs globally.
The software services exporter said that the attrition rate for FY21 remained at an all time low at 7.2% and the total headcount jumped to 488,649.
TCS saw the highest ever addition of employees (19,388) in a quarter during Q4, FY21 as company Chief Human Resources Officer, Milind Lakkad, said that all the hiring commitments for the financial year were honoured. He added that the company will continue to look actively for talent from the market in addition to hiring from the colleges.