Tata Elxsi, amongst the world’s leading providers of design-led technology services, announced its fourth-quarter results for the period ending 31st March 2024.
According to Money Control, the company is planning to hire 1,500-2,000 engineering graduates in FY25 despite current global macroeconomic uncertainties.
Highlights of the Year Ended 31st March 2024
- Tata Elxsi’s revenue dropped sequentially quarter-on-quarter (QoQ) basis to Rs. 905.9 crore.
- The attrition rate was reported at 12.4%, down from 12.9% in the previous quarter.
- The company added 1,500 employees in FY24, headcount increased by 178 to end the year at 13,399.
Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance in the financial year 2023-24 said, “Financial year 2024 has been a year of consistent operational performance with a revenue growth of 13% despite global macroeconomic uncertainties, and volatility in the media and communications industry over the last few quarters.”
“We have done well to maintain industry-leading EBITDA margin at 29.5% for the year, even while we continued to invest in expanding our talent base through all four quarters, with a net addition of 1535 Elxsians through the year”, Manoj Raghavan added.
Manoj Raghavan further said, “We had laid down a strategy of integrating our design business deeply with our key industry verticals, complementing our software and digital business with a design-led proposition. This is now complete, with a seamless end-to-end proposition from ideation to market introduction.”
“This is enhancing our competitive differentiation, providing early visibility into customer product roadmaps, and creating larger downstream development deals. Starting with this quarter, we are reporting this integrated view of design-digital in all three verticals, under the Software Development and Services (SDS) segment”, Manoj Raghavan said.
To explore career opportunities with Tata Elxsi, please click on its Carrer Page.
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation.
The company is helping customers reimagine their products and services through design thinking and the application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence.
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