Tata Consultancy Services (TCS), India’s premier IT services company, yesterday announced its consolidated financial performance for Q1 FY25 ending June 30, 2024. While the financials exhibit strength, let’s get into the human resources aspects of TCS’s Q1 results.
TCS boasts an impressive workforce of 606,998 employees, and during Q1 FY25, they added 5,452 employees. This signals a positive hiring trend.
Notably, the attrition rate for IT services has further declined to 12.1% over the last twelve months, a testament to TCS’s industry-leading retention efforts.
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Diversity and inclusion remain integral to TCS’s ethos. Within their workforce:
- Women represent 35.5% of the total employee base.
- TCSers hail from 151 different nationalities.
Turning to financial highlights from TCS Q1 FY25 Results
- Revenue reached US$7.51 billion, reflecting a 3.9% YoY growth.
- The operating margin expanded to 24.7%, up by 1.5% YoY.
- Net income surged to US$1.44 billion, growing by 8.7% YoY.
- TCS generated a robust US$1.34 billion in net cash from operations.
Leadership perspectives
CEO K Krithivasan expressed satisfaction with the strong start to the fiscal year. TCS continues to expand client relationships, invest in innovation, and create capabilities in emerging technologies.
CFO Samir Seksaria highlighted strong operating margin performance despite annual wage increments, emphasizing strategic investments in research and innovation.
CHRO Milind Lakkad celebrated successful annual increment processes, attributing TCS’s strong performance to employee engagement and development.
In conclusion, TCS’s Q1 results underscore the critical role of a skilled and agile workforce. As the company strengthens business verticals, HR leadership remains pivotal in creating resilience, agility, and growth.
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