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Indias largest IT major, Tata Consultancy Services TCS has announced its QFY results for...
An Indian multinational information technology services and consulting company, Tech Mahindra announ...
A French multinational information technology IT services and consulting, Capgemini has announced ...
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 […]
L&T Infotech (LTI), part of Larsen Toubro group, a global technology consulting and digital solutions firm has announced its Q3FY22 results recently. The company has reported that attrition has risen to 22.5% from 19.6% in the previous quarter. The company has added over 1800 people in December ending quarter with total headcounts of 44,200 employees. […]
Yesterday, India’s IT services provider Tata Consultancy Services (TCS), Infosys, and Wipro has announced their third-quarter results for the financial year 2022. All three Top IT companies have reported jump in attrition rate which leads to increase in the number of freshers hiring in Q4. Attrition TCS attrition inched up to 15.3% compared to 11.9% […]
Accenture, a global professional services company with leading capabilities in digital, cloud, and security will host a conference call at 8:00 a.m. EDT on Thursday, Sept. 23, to discuss its fourth-quarter and fiscal year 2021 financial results. A news release containing these results will be issued before the call. To participate, please dial +1 (877) […]
