The employee attrition rate elevated during the quarter on an annual basis through the company management has cited a moderating trend on a quarterly basis. The net employee addition for the quarter was the lowest at 9,840 in nine quarters, signalling the beginning of moderation in the hiring frenzy seen over the past few quarters.
ET Intelligence Group: The second quarter performance of Tata Consultancy Services (TCS) was a mixed bag. The country’s largest IT exporter reported a sustained flow of new orders and improved operating margin, but the reported dollar revenue growth remained muted despite higher growth in the constant currency (CC) terms due to the impact of the cross-currency movement.
The employee attrition rate elevated during the quarter on an annual basis
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