Fri Oct 11 02:01:57 UTC 2024: ## TCS Reports Rise in Attrition Rate Despite Strong Revenue Growth in Q2FY25

**Mumbai, October 10, 2023:** Tata Consultancy Services (TCS), India’s leading IT services provider, reported a 4.99% increase in net profit to ₹11,909 crore for the July-September quarter (Q2FY25) despite a slight dip in profit margin. The company’s revenue grew by 7.06% year-on-year to ₹64,988 crore.

While TCS witnessed strong financial performance, its attrition rate rose by 20 basis points (bps) to 12.3% compared to the previous quarter. However, the company added over 11,000 employees on a net basis in the first half of the current financial year (H1FY25).

“We welcomed 11,000 associates in the year’s first half and remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26,” said Milind Lakkad, Chief HR Officer, TCS. He highlighted the company’s focus on talent development and infrastructure investments to address the evolving needs of clients.

The company attributed the cautious market trends and uncertain geopolitical environment to its performance. While the banking, financial services, and insurance (BFSI) sector showed signs of recovery, TCS observed strong performance in its growth markets.

“We focus on sharpening our value proposition to our clients, employees, and other stakeholders,” said K Krithivasan, Chief Executive Officer and Managing Director, TCS.

TCS’s workforce currently stands at 612,724, with a diverse mix of 35.5% women and 150 nationalities. The company reported significant investments in employee development, with 26.1 million learning hours and 2.6 million competencies acquired year-to-date.

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