TCS hired 19,388 employees during the quarter and over 40,100 employees during the full year
India’s largest IT services firm, Tata Consultancy Services (TCS) has announced the results of Q4, (quarter ending on March 31).
The company said its revenue rose for the third straight quarter as clients continued to spend on digital services amid the pandemic and on deal wins. That helped it to maintain double-digit growth revenue guidance for the fiscal ending March 2022.
Revenue of India’s largest software services exporter rose 4% over the preceding quarter to Rs 43,705 crore in the quarter ended March, according to its exchange filing report.
The company said that it has added 19,388 employees during the quarter and over 40,100 employees during the full year.
“Attrition in the last three months stood at 7.2%, mainly due to Covid-19 effect. Expect this to inch up with growth coming back to the industry,” Ramakrishnan V, the company’s chief financial officer, said.
As a new development, the company has appointed Samir Seksaria as its chief financial officer, who will take charge from May 1. He succeeds the incumbent, Ramakrishnan V, who will retire on April 30.
For the fiscal FY21, the total headcount stood at 488,649. The workforce continues to be young and very diverse, comprising 154 nationalities and with women making up 36.5% of the workforce.
Milind Lakkad, Chief HR Officer at TCS said, “With the second wave of the pandemic upon us, our top priority is once again to secure the health and personal wellbeing of our workforce across the world. We are looking at ways to expedite vaccinations for eligible TCSers wherever local regulations allow it, and in the meantime, urge everyone to stay safe, step out only if necessary, wear masks and practice physical distancing.”
Lakkad added, “On the business side, our investments in organic talent development have been core to our ability to increasingly participate in our customers’ growth and transformation initiatives. Our organic talent development program anticipates the technology and business needs of our customers, and designs career paths that help our employees meet their aspirations while building leaders and a future-ready workforce for TCS.”
