Tata Consultancy Services (TCS), India’s largest IT services firm, reported a decline in its headcount by 5,370 employees in the third quarter of the fiscal year 2025 (Q3 FY25), reversing two consecutive quarters of growth.
The company’s total headcount now stands at 607,354 as of December 31, 2024.
TCS Financial Performance in Q3 FY25
TCS posted a net profit of Rs 12,380 crore for Q3 FY25, marking a 5.5% increase from Rs 11,735 crore in the same quarter of the previous fiscal year.
The company’s revenue from operations grew by 5.6% to Rs 63,973 crore for the quarter ending December 31, 2024.
This performance reflects a positive trend in profitability, although the revenue growth was slightly lower compared to the previous quarter2.
In comparison to the previous quarter (Q2 FY25), TCS’ revenue from operations saw a marginal decline from Rs 64,259 crore to Rs 63,973 crore.
However, the net profit increased by 3.95% quarter-on-quarter.
On a year-on-year basis, the company’s revenue grew by 4.5% in constant currency.
Attrition and Headcount Details
The attrition rate at TCS rose to 13% in Q3 FY25, up from 12.3% in the previous quarter.
The company’s headcount decreased from 612,724 at the end of Q2 FY25 to 607,354 in Q3 FY25.
Despite the decline in headcount, TCS promoted over 25,000 associates in Q3 FY25. This brings the total promotions for the financial year to more than 110,000.
The company continues to invest in employee upskilling and overall well-being, with campus hiring for the year going according to plan.
TCS has announced several new collaborations and partnerships in Q3 FY25. These initiatives aim to strengthen its market position and expand its service offerings.
These initiatives include partnerships with leading technology firms and collaborations with academic institutions to foster innovation and skill development.
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