TCS Results Q3FY19: TCS appoints 6,827 employees in Q3; workforce in women rose by 35.1%
The company also created a commendable number of jobs with women workforce witnessing a consistent rise. TCS continued to attract very diverse talent in its ranks.
TCS Results: The Tata Consultancy Services (TCS) recorded a whopping 24.07% growth in Q3FY19 quarter, as its consolidated net profit came in at Rs 8,105 crore compared to Rs 6,531 crore witnessed in the same period a year ago. Overall, TCS Q3FY19 result was in line with analysts estimates. Interestingly, during this quarter, the company also created a commendable number of jobs with women workforce witnessing a consistent rise. TCS continued to attract very diverse talent in its ranks.
In Q3FY19, net addition in Q3 was 6,827 employees, bringing the total employee strength at the end of Q3 to 417,929 on a consolidated basis. The percentage of women in the workforce rose further to 35.8%, while the total number of nationalities represented grew to 151.
Ajoy Mukherjee, Executive Vice President and Global Head, Human Resources said, "TCS has navigated technology change in the digital era by investing in equipping employees with skills
on newer technologies while valuing them for their contextual knowledge."
Mukherjee added, "This along with our progressive policies and employee engagement programs have resulted in a vibrant, nurturing workplace that draws talent and keeps individuals highly motivated."
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In its financial audit report, TCS mentioned that, the company continued to invest heavily in organic talent development. These initiatives resulted in employees logging a cumulative 14.2 million learning hours. Over 292K employees have now been trained in digital technologies, and over 318K employees in Agile methods, making this the world's largest Agile-ready workforce.
TCS continued to have the best retention rate in the industry, with IT Services attrition rate (LTM) at 11.2%.
With massive employment, TCS cost grew to Rs 19,994 crore in workforce during Q3FY19 compared to Rs 16,548 crore in Q3FY18.