Live: TCS adds 37,613 BPO and IT employees in Q4, BPO attrition at 19%

Infotech Lead Asia: Tata Consultancy Services has added 37,613 (net additions) employees in the fourth quarter of fiscal 2013 to touch total employees to 276,196.

Gross addition of employees was 69,728.

However, TCS is facing attrition of 10.57. Out of the total attrition, BPO business faces attrition of 19.52 and IT services 9.4.

Ajoy Mukherjee, executive vice president, head, Global Human Resources, said: “We have added, trained and integrated over 69,000 professionals during 2012-13. With business demand continuing to be robust, we have made almost 25,000 fresh offers on engineering campuses for trainees who will join us from the second quarter of this fiscal year. Our efforts to increase retention by engaging with our employees and offering them a progressive career path are paying dividends with IT attrition rates falling further to below ten percent.”

TCS says high utilization rates have been maintained in the fourth quarter with utilization excluding trainees at 82.0 per cent, while utilization including trainees was at 72.2 per cent. The overall attrition rate was lower at 10.57 percent with IT attrition at a low of 9.40 percent and BPO attrition falling below 20 percent threshold to 19.5 percent on a LTM basis.

The average age of a TCS employee is 28 years while 32.4 percent of the workforce comprised of women with representation from 118 nationalities.

Meanwhile, Tata Consultancy Services’ Q4 revenues rose 23.9 percent year-on-year to Rs 16,430 crore. The company’s net profit grew 22.1 percent to Rs 3,597 crore.

The biggest software exporter of India logged in revenues of Rs 62,989 crore for FY2013, an increase of 28.8 percent over the preceding year. It reported net profit of Rs 13,941 crore for the period, up 30.9 percent over last year.

The company won orders from customers including Nokia and BNP Paribas. The number of TCS’ $100 million-plus customers increased from 14 in FY12 to 16 this year. It added 153 new clients during the year; with this, the active client base stands at 1,156.

N Chandrasekaran, CEO and MD, TCS, said: “TCS has delivered a year of strong growth with all markets and industry segments growing in double digits. Our ability to co-create with customers, remain relevant to their business and our investments in digital technologies are delivering tangible value as customers optimize, transform and grow.”

Ambika K
[email protected]