In Q3FY23, TCS decreased its workforce by 2,197 workers to 613,974.
The firm’s board really useful a remaining dividend of Rs 24 per fairness share.
India’s largest IT companies firm TCS declared its Q4FY23 monetary outcomes on April 12. Apart from monetary outcomes, the TCS board additionally introduced the ultimate dividend for 2022-23 at its twenty eighth annual common assembly. TCS’ internet revenue had stood at Rs 9,959 within the corresponding interval final yr (Q4 FY22).
In phrases of TCS’ Q4 hiring replace, its world worker headcount stands on the finish of Q4 is 6,14,795.
821 internet additions had been executed in the course of the quarter after decline of two,197 within the final quarter.
LTM attrition dropped by 120 foundation factors and is at 20.1%.
In Q3FY23, TCS decreased its workforce by 2,197 workers to 613,974, in comparison with the headcount of 616,171 workers within the September 2022 quarter.
Also, the corporate’s IT companies attrition price dipped to 21.3% on an LTM foundation in Q3FY23 which was decrease than 21.5% in Q2FY23. The attrition price “is anticipated to fall additional within the coming quarters,” TCS had mentioned then.
Moreover, in the Q4 results, the company’s board recommended a final dividend of Rs 24 per equity share.
The IT major has reported 14.8% jump YoY in its net profit to Rs 11,436 for the quarter ended March 2023 (Q4 FY23). The revenue from operations of India’s largest IT services company also rose 16.94% to Rs 59,162, compared with Rs 50,591 crore in the year-ago period.
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