IT giant TCS gradually accelerated its return to office program for the first quarter ending June 30, 2022 (Q1FY23). About 20% of the company’s workforce is now working from office. TCS in its results filing said the company has gradually accelerated its return to office program in Q1, with around 20% of its workforce now working from office. of the company in the quarter under review information technology services Attrition was 19.7% based on the last twelve months.
TCS Touched a milestone with the workforce crossing 6 lakhs. As of June 31, 2022, TCS headcount was 606,331 — a net addition of 14,136 during the quarter. With 153 nationalities and women making up 35.5% of the base, the workforce remains very diverse.
On the quarterly results, N Ganapathi Subramaniam, Chief Operating Officer and Executive Director, said, “We are pleased with our performance during the quarter, in which we have successfully delivered a number of transformation programs. We have taken advantage of the investment in people, upskilling efforts and lateral recruitment. et al helped us manage the talent business with minimal impact on our operations.”
Subramaniam said, “During the quarter, we have introduced in-person meetings and hosted a number of clients at our facilities. We are bringing ourselves and associates back to our development centers, and this continues to grow at all levels. Is.”
Further, Subramaniam said, “On the sustainability front, we have signed our commitment to SBTi Version 5 standards during the quarter and continued towards our net-zero journey with tremendous alignment for this initiative in our partners.” making progress.”
Meanwhile, Milind Lakkar, Chief Human Resource Officer, TCS, said, “Our investments in strategic talent development initiatives and linking learning to career development have energized our workforce. Following our annual compensation review, the employees were Got a pay hike of 5 to 8%, with top performers getting an even bigger hike.”
In Q1FY23, the cost of TCS employees was 30,327 crores growing 25,649 crore in the same quarter last year.
TCS reports consolidated net profit of 9,519 crore in Q1FY23. at over 9,031 crore in the same quarter last year. However, in Q1 PAT . has declined compared to 9,959 crore in the previous quarter.
consolidated revenue climbed 52,758 crore up from 45,411 crore in Q1FY22 and 50,591 crore in Q4FY22.
TCS shares closed on BSE less than 3,264.85 22.10 or 0.67%.