TCS Posts Steady Growth In Second Quarter


Utilisation rate went up to 86.2 percent excluding trainees and 81.3 percent including trainees.

“Our customers are focused on using digital technologies to re-imagine their business in multiple dimensions. With investments and capabilities in these domains, we remain well-positioned to act as a catalyst and enable their business innovation across the enterprise,” Chandrasekaran added.

The company added four $50-million account and nine $20-million account clients in the quarter.

“Growth was broad-based sequentially. Integration of the merged entity in Japan provided impetus to manufacturing and hi-tech units. Core markets like North America, Europe and Britain grew smartly while emerging markets remained volatile, with India growing and Latin America faltering,” chief financial officer Rajesh Gopinathan said on the occasion.

Though the company added 20,350 people in the quarter, net addition was 8,326, as 12,024 techies quit, taking the total number of employees to 313,757 ending Sep 30 and attrition rate to 12.8 percent on annualised basis.

“We have crossed the milestone of employing 100,000 women professionals with a gender diversity ratio of 32.9 percent during the quarter, as diversity of talent remains a key source of strength for us,” human resources head Ajoy Mukherjee said.

The company’s hiring plan for this fiscal (FY15) is on track to build a talent pipeline in line with business demands.

The company’s blue chip scrip with a face value of Re.1, however, declined 45.15 to 2,678.85 from an opening of 2,724 and by 20.85 from Wednesday’s closing price of 2,699.70 on the Bombay Stock Exchange (BSE) before the results were declared.

Source: IANS