Tata Consultancy Services (TCS)
TCS recorded a drop in attrition for third consecutive quarter. The company also posted the highest headcount at 3.6 lakh employees and a rise in women employees. (representational image).Reuters file

Tata Consultancy Services (TCS), India's largest software services exporter, added more employees during the recently-concluded financial year than Infosys and Wipro put together. Mumbai-based TCS added 34,187 employees on a net basis when compared to 32,552 by rivals Infosys (17,857) and Wipro (14,695).

The companies disclosed their employee addition and attrition rates along with their financial results.

"TCS completed its highest ever hiring of over 90,000 new employees globally during the year. We are also delighted that our employee retention continues to increase as we continue to invest in building digital skills of TCSers to help them participate extensively in the new digital economy," said Ajoy Mukherjee, executive vice president and global head of Human Resources at TCS, said in a statement while declaring results on Monday.

The company's workforce comprised of employees drawn from 129 countries. Also, 33.8 percent of its employees were women professionals as on March 31, 2016. 

All the three companies declared their fourth quarter and full-year results in the past couple of days, the last being Azim Premji-controlled Wipro that announced its results on Wednesday.

Also Read: Wipro Q4 net profit falls 1.6%

The net addition during the fourth quarter ended March 31, 2016 was 9,152, more than double the numbers recruited by Infosys (661) and Wipro (2,248) on a net basis.  

The combined headcount of the three software services exporters was 7,20,799 as on March 31, 2016, up 66,739, or 10.20 percent, from 6,54,060 at the end of the previous financial year.

Also Read: Wipro announces decision to buy back 40 million shares

Attrition

In Q4, attrition 14.9 percent in Wipro, 17.3 percent in Infosys and 14.7 percent in TCS.

Also Read: TCS Q4 net profit rises 64.4%, revenues up 17.5%

Share prices

On the first day of trading after the declaration of results of all the three companies, their stocks witnessed a sharp divergence.

On Thursday, at around 3.15 p.m. on the BSE, Infosys was down 1.38 percent to Rs. 1,226.15, TCS was trading 1.14 percent lower at Rs. 2,424 and Wipro had plunged 7.12 percent to Rs. 558.55. All the three are Sensex stocks.

Also Read: Infosys ADRs rise 8% on Nasdaq, employees get 6-12% salary hike

Also read
Quick Links