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Wipro Limited a leading technology services and consulting company, announced financial results on Q...
An Indian multinational information technology services and consulting company, HCLTech announced it...
An Indian multinational information technology company, Infosys has announced results for the third ...
India’s largest IT major, Tata Consultancy Services (TCS) has announced its Q3FY23 results for the quarter ending on December 31, 2022. The company said that it will be hiring 1.25 lakh to 1.5 lakh employees in the financial year 2023-24 (FY24). Since the company posted a decline of 2,197 people in its employee base, TCS headcount […]
An Indian multinational information technology services and consulting company, Tech Mahindra announces its Q2FY23 performance results on November 1, 2022. Bucking industry trends, Tech Mahindra’s attrition dropped year-on-year as well from the year-ago quarter. Tech Mahindra reported a decline in attrition rate to 20 percent in the quarter that ended September 30, 2022, the attrition in Q1 was […]
A French multinational information technology (IT) services and consulting, Capgemini has announced that it will be slowing down on hiring going forward due to slow growth. Capgemini Group reported consolidated revenues of €5,553 million in Q3 2022, up +22.0% year-on-year at current exchange rates and +15.7% at constant exchange rates. Capgemini follows the calendar year. The company has reported […]
India’s second-largest IT major, Infosys has announced the Q2 result yesterday. The company has also announced a share buyback worth Rs. 9,3000 crores along with an interim dividend of Rs. 16.5 per share. However, Infosys shares closed about 0.7% lower ahead of its Q2 announcement. As of September 30, 2022, The company added 10,032 employees. Nilanjan Roy, Chief […]
A global technology company, HCLTech has said that it does not approve of dual employment, the issue is not a major one within the company. Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing said, “Dual employment while working for HCL Tech…we do not approve that.” “Everybody who signs up to […]
Information technology services and consulting company, Cognizant Technology Solutions Corp. has announced a historic high Attrion of 36 percent in the second quarter, ending on June 30, 2022. This is now under the spotlight after one analyst has demanded from the board of Cognizant to investigate the company’s underperformance, and possibly even consider replacing the […]
One of the world’s leading professional services companies, Cognizant has announced its second quarter 2022 financial results. Cognizant’s headcount expanded to over 341,000 employees globally in Q2 amid an intensely competitive labour market. The voluntary annualized attrition rate increased to 31% from 26% in the preceding three months indicating strong demand for tech talent across […]
IT services major, Tech Mahindra announced its first quarter financial results, Q1FY23 ended on June 30, 2022. The consolidated net profit fell 16.4% year-on-year to Rs 1,132 crore in the fiscal first quarter, deeper than what analysts had estimated on higher employee and subcontracting costs. The Cash and Cash Equivalent at USD 1,114 mn as […]
IT major, Infosys has announced that it has reached a total headcount of 3,35,186 employees in Q1FY23, with the net addition of 21,171 people in the first quarter ending on June 30. Furthermore, the company’s attrition rate has increased to 28.4% in Q1FY23 expanding by 70 basis points from 27.7% in Q4FY22. In Q1FY22, the […]
IT major, HCL Technologies has hired a total of 6,089 freshers for the quarter ending June 2022. The total headcount of the company is 210,966 globally. The total employees in the technical category were 197,226 employees while 13,740 employees were in the sales and support category as of June 30, 2022. In Q1FY23, headcount rose by […]
Accenture, a global professional services company with leading capabilities in digital, cloud, and security has reported its financial results for the third quarter of fiscal 2022 which ended May 31, 2022. Accenture has reported higher voluntary attrition at 20% higher than the previous quarter’s 18% in the second quarter and 17% in the first quarter. […]
Indian second-largest IT services provider, Infosys announced its Q4FY22 results yesterday and confirms that its attrition rate has risen sharply to 27.7% as compared to 25.5% in the previous quarter. The company has added nearly 22,000 employees in the fourth-quarter ending on March 31, 2022. The total headcount stood at 3,14,015 from 2,92,067 within the […]
