Tata Consultancy Services (TCS) reported its consolidated financial results according to Ind AS and IFRS, for the quarter and full year ending March 31, 2023.
The company added 22,600 employees during FY23. There has been a steep decrease as compared to its net addition in FY22.
Milind Lakkad, Chief HR Officer, said: “As we grow the TCS family, I want to call out the stellar role played by our recruitment team in swiftly scaling up hiring, and onboarding the best available talent, enabling TCS to meet its delivery commitments and capture growth.”
“We are honoring all job offers, and have added 22,600 employees on a net basis in FY 23. During the year, we onboarded over 44000 freshers and our highest-ever number of experienced professionals”, Milind Lakkad added.
Milind Lakkad further said, “We also doubled down on organic talent development, obtaining over 53K cloud certifications during the year, bringing the total to over 110K employees certified on hyper scaler platforms. This places us among the top 2 partners for the largest cloud providers.”
Rajesh Gopinathan, Chief Executive Officer and Managing Director said: “It is very satisfying to look back at our strong growth in FY 2023, on top of the mid-teen growth in the prior year.”
“The strength of our order book demonstrates the resilience of demand for our services and gives us visibility for growth in the medium term”, Rajesh Gopinathan said.
Rajesh Gopinathan further said, “Krithi and I are working closely to ensure that the leadership transition over the next few months is smooth and seamless to all our stakeholders and that TCS is well positioned to capture the opportunities ahead.”
The attrition for every quarter has seen a deep fall to 20.1 percent, continuing its downward trend from last quarter’s. TCS has reported attrition in Q3FY23 stood at 21.3 percent, a slight decline from 21.5 percent in Q2FY23 on a last-twelve-month basis.
The company’s headcount as of March 31, 2023, stood at 6,14,795. In the previous quarter, TCS in Q3FY23 posted a decline of 2,197 people in its employee base, and TCS headcount stood at 613,974 as on December 31, 2022.
