The net addition of employees at Infosys was the lowest in the first quarter of FY 2014 comparing with software majors TCS and Wipro.
Infosys added 575 employees against TCS 1,390 and Wipro 1,469 in Q1. These are net additions.
The Bangalore based software exporter Infosys added 575 employees in the first quarter (10,138 on a gross basis) to reach 157,263 employees.
TCS added 1,390 employees (10,611 people on gross basis) taking its total employee strength to 277,586.
Wipro’s resource addition was 1,469 in the first quarter of 2013 to reach 147,281 employees.
TCS
The company’s attrition rate fell to 10.52 per cent on a ‘last twelve-month’ basis. During the quarter, TCS added 1,390 (10,611 people on gross basis), taking its employee strength to 277,586.
For TCS, the outlook is normal for this year and the first two quarters would be better than the next two.
TCS’ net profit rose to Rs 3,831 crore in Q1 FY 2014 from Rs 3,318 crore in the same quarter a year ago. The IT major’s revenues rose 21 percent to Rs 17,987 crore from Rs 14,869 crore.
WIPRO
Wipro’s resource addition at 1,469 resources in the first quarter of 2013 was the lowest in the last 12 months. In the previous three quarters, Wipro added more than 2,000 employees. In Q2 FY 2013, Wipro added 2,017 employees. In Q3 FY 2013, the net addition of employees at Wipro was 2,336. In Q4 FY 2013, Wipro created jobs 2,907.
Revenue of Wipro rose 5 percent to $1.64 billion in the first quarter of FY 2014. In the first quarter ended June 30, 2013, Wipro net income increased 11 percent to $273 million.
INFOSYS
The company’s net addition of employees was 575 in the quarter (10,138 on gross basis) and as of June 30, it had 1,57,263 employees.
India’s second largest software services exporter reported 4 percent rise in first quarter net profit at Rs 2,374 crore. Its consolidated revenue in April-June quarter gained 17 percent to Rs 11,267 crore.
Infosys maintained its full year US Dollar revenue growth guidance of 6-10 percent, and expects rupee revenue to rise 13-17 percent in FY 2014.
Baburajan K
editor@infotechlead.com
