During the quarter, HCLTech also added 2,932 freshers, higher than 1,078 added in the first quarter ending June.
The total ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/employee-count” target=”_blank” rel=”noopener”>employee count at the end of September was 218,621, down from 219,401 in the June quarter.
In Q1FY25, the Noida-headquartered firm had reversed addition of headcount with a drop in employees by 8,080 for the three-month period ending June.
In the March quarter ending FY24, the headcount had increased by 2,725.
For Q2FY25, the attrition edged up a tad 12.8% from 12.9% in Q1FY25, yet weaker from 14.2% in Q2 of last year.
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Last week, its larger peer ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tata-consultancy-services” target=”_blank” rel=”noopener”>Tata Consultancy Services (TCS), India’s largest software services company, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/information-tech/tcs-continues-to-hire-in-q2-adds-5726-employees/articleshow/114121395.cms” data-type=”tilCustomLink” target=”_blank” rel=”noopener”>hired 5,726 employees in the September quarter, continuing its workforce expansion for the second consecutive quarter. TCS’s total employee count increased to 612,724.For Q2FY25, HCLTech reported a fall of 0.5% quarter-on-quarter in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/net-profit” target=”_blank” rel=”noopener”>net profit at Rs 4,235 crore. Net profit was up 10.4% from a year ago. Its revenue saw a 2.9% sequential increase and 8.2% year-on-year (YoY) rise in revenue at Rs 28,862 crore.
Its FY25 revenue projection was revised slightly to be between 3.5% – 5.0% YoY in constant currency terms from 3-5% earlier.
