"The Coronavirus (Covid-19) pandemic has made it apparent that organisations need to reimagine their target operating models embracing digital transformations to remain relevant in the marketplace. This presents tremendous opportunities for companies
like us with comprehensive digital transformation capabilities,” said Sanjay Jalona, CEO & managing director, LTI. "Our large deal pipeline remains strong and we see increased traction in digital, cloud and analytics space."
The company's headcount rose close to 1,000 employees to 32,455 on a quarter-on-quarter basis. The attrition rate also dropped 170 basis points to 13.5 per cent during the quarter.
The numbers were largely in line with Street expectations. Brokerage firm IDBI Capital pegged the profit at Rs 413.2 crore for the quarter, while revenue was seen at Rs 2,961.7 crore.
IT services are one of the few sectors that bounced back quickly from the Covid-19 pandemic and shared revenue guidance for the rest of FY21. HCL Tech stuck to its FY21 guidance of 1.5- 2.5 per cent growth in revenue for the remaining quarters of FY21. Infosys also revised its revenue growth guidance upward to 2-3 per cent in constant currency terms for FY21.
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