Active Stocks
Mon May 27 2024 15:12:40
  1. Tata Steel share price
  2. 175.40 0.34%
  1. NTPC share price
  2. 369.70 -1.37%
  1. State Bank Of India share price
  2. 834.60 0.72%
  1. HDFC Bank share price
  2. 1,530.55 0.92%
  1. Tata Motors share price
  2. 958.05 -0.28%
Business News/ Companies / News/  TCS adds most number of employees ever in a quarter in Q4; attrition rate all-time low
BackBack

TCS adds most number of employees ever in a quarter in Q4; attrition rate all-time low

TCS reported a 14.9% year-on-year increase in net profit to ₹9,246 crore for the March quarter
  • At 7.2%, the IT services attrition (LTM) recorded at all-time low, it mentioned.
  • Tata Consultancy Service (Mint)Premium
    Tata Consultancy Service (Mint)

    Tata Consultancy Service (TCS), India's biggest software services exporters, on Monday said that it has added at least 19,388 employees during the quarter ended in March. The Information Technology behemoth added 40,185 employees for FY 2020-21, the company mentioned in the regulatory filing. The total headcount reached to 488,649 at the end of March quarter, TCS said. At 7.2%, the IT services attrition (LTM) recorded at all-time low, it mentioned.

    TCS reported a 14.9% year-on-year increase in net profit to 9,246 crore for the March quarter. The revenue of the company increased by 9.4% year-on-year to 43,705 crore during the fourth quarter. TCS declared an interim dividend of 15 per equity share.

    Commenting on the results, Rajesh Gopinathan, chief executive officer and managing director, said, “Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead."

    "While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity. Our focus going into FY22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge," he further added.

    V Ramakrishnan, chief financial officer, said: “I am very pleased with our performance in Q4. This caps three quarters of consistently robust performance in a pandemic year, and gives us a strong exit from FY 21. Our Q4 margins are a validation of our strong belief that it is possible to win mega-deals, post industry-leading growth, continue to invest in our people and in newer capabilities, and still deliver industry-leading profitability.

    "All the investments that we have been making over the years position us strongly to expand our footprint in the large growth and transformation opportunity," he added.

    You are on Mint! India's #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here!

    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 12 Apr 2021, 07:01 PM IST
    Next Story footLogo
    Recommended For You