TCS Q2 Results: Tata Consultancy Services (TCS) announced July-September quarter results for fiscal 2024-25 (Q2FY25) on Thursday, October 10, reporting a rise in its attrition rate by 20 basis points (bps) to 12.3 per cent, compared to a rate of 12.1 per cent in the preceding April-July quarter of FY25.
In the first half of the current financial year (H1FY25) or between April and September, India's top information technology (IT) services provider added more than 11,000 employees on a net basis. The company's chief human resources officer, Milind Lakkad, said it is on track with trainee onboarding as planned and has also started the campus hiring process for FY26.
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TCS added 5,726 employees net of headcount in the July-September quarter, bringing its total workforce to 612,724. 'The employee base is very diverse, with 35.5 per cent women and 150 nationalities," said TCS in its exchange filing on Thursday. TCSers have clocked 26.1 million learning hours and acquired 2.6 million competencies YTD. TCS chief financial officer Samir Seksaria said it made strategic investments in talent and infrastructure during the quarter.
"We welcomed 11,000 associates in the year's first half and remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepare us well for the complex technology transformations customers entrust us with," said Milind Lakkad, Chief HR Officer, TCS.
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TCS Q2 Results
TCS reported a 4.99 per cent increase in September quarter net profit at ₹11,909 crore, held back by a narrowing profit margin. The Tata Group company had reported a net profit of ₹11,342 crore in the year-ago period, while in the preceding June quarter, it had a post-tax net profit of ₹12,040 crore.
TCS' revenues rose 7.06 per cent to ₹64,988 crore from ₹60,698 crore in the year-ago period and were marginally higher compared to ₹63,575 crore in the June quarter. The operating profit margin narrowed to 24.1 per cent, down 0.2 per cent over the year-ago period and 0.6 per cent from the April-June quarter.
K Krithivasan, Chief Executive Officer and Managing Director, said: "We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We focus on sharpening our value proposition to our clients, employees and other stakeholders".