TCS Q3 Results: Tata Consultancy Services (TCS) churn fee decreased marginally to 21.3% sequentially within the October-December quarter of this fiscal 12 months. The firm made a web addition of 2,197 staff throughout the quarter.
In its alternate submitting, TCS stated: “IT services attrition on an LTM (trailing twelve month) basis trended lower to 21.3 percent in the quarter ending December FY23.” The IT big expects the churn fee to proceed to fall within the coming quarters.
The Tata Group firm within the July-September quarter had reported a churn fee of 21.5 p.c.
Milind Lakkad, head of human sources (HR), stated: “Our focus over the past few quarters on attracting new talent at scale, training them on new technologies and making them productive is paying off.”
“We are particularly proud to have 125,000 TCSers at mid and senior levels who have been with the company for more than 10 years on average,” Lakkad stated in an announcement.
The firm’s workforce was 6,13,974 as of December 31, 2022, a web discount of 2,197 over the third quarter.
Improved productiveness was achieved by specializing in using extra capability constructed up in prior quarters and by investing in natural expertise growth, in keeping with the alternate’s submitting.
In the third quarter, the TCS workforce logged 11.4 million studying hours, ensuing within the acquisition of 1.3 million expertise, the corporate additionally talked about.
TCS worker price within the December quarter rose greater than 19 per cent YoY to Rs 32,467 crore in Q3FY23 in comparison with Rs 27,168 crore in the identical quarter a 12 months earlier.
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