back to top
spot_img

More

collection

TCS Q3 Results: Attrition Rises To 13%, Workforce Shrinks By Over 5,000 – News18

Last Updated:

TCS’ workforce stood at 607,354 as on December thirty first.

TCS has declared a dividend of Rs 76 per share, together with a particular dividend of Rs 66 per share.

Tata Consultancy Services (TCS), India’s largest IT companies agency, introduced its consolidated monetary outcomes for the quarter ending December 31, 2024, on Thursday. The attrition charge rose to 13% in Q3, up from 12.3% within the earlier quarter.

As of December 31, TCS’ workforce stood at 607,354, reflecting a sequential decline from 612,724 in Q2 of the 2024-25 monetary yr. This marks a internet discount in worker rely after two consecutive quarters of additives.

TCS reported a 5.5% year-on-year (YoY) improve in internet revenue, reaching Rs 12,380 crore, surpassing market expectations. Revenue for the October-December 2024 interval grew 5.6% YoY to Rs 63,973 crore.

Additionally, the corporate declared a dividend of Rs 76 per share, which features a particular dividend of Rs 66 per share.

Milind Lakkad, Chief HR Officer, stated, “We promoted over 25,000 associates this quarter which introduced the entire promotions this monetary yr to greater than 110,000. We proceed to put money into worker upskilling and general well-being. Our campus hiring for the yr goes in accordance with plan and preparations are afoot to onboard a better variety of campus hires subsequent yr”.

News business » markets TCS Q3 Results: Attrition Rises To 13%, Workforce Shrinks By Over 5,000
Ella Bennet
Ella Bennet
Ella Bennet brings a fresh perspective to the world of journalism, combining her youthful energy with a keen eye for detail. Her passion for storytelling and commitment to delivering reliable information make her a trusted voice in the industry. Whether she’s unraveling complex issues or highlighting inspiring stories, her writing resonates with readers, drawing them in with clarity and depth.
spot_imgspot_img