“If you compare fresher intake to five years ago, it is definitely soft. But, compare to last year, we are hiring more people this year,” said Abidali Neemuchwala, chief executive officer (CEO), Wipro.
After a better than expected growth in Q1 FY19, Wipro
said the company’s deal pipeline was heavy as compared to previous quarters. “We don’t give total contract value of deals as the revenue guidance we provide is a lot more granular than the former. But I can say our deal pipeline is very healthy and our order book has grown in double digit compared to previous year,” said Neemuchwala.
“We have to convert the order book into revenue.”
During the first quarter ended June, the Bengaluru-headquartered firm saw its attrition level rising 40 basis points, sequentially touching 17 per cent. Wipro said it was more seasonal though it is taking steps to contain it.
“This quarter, we saw a slight increase in attrition, which is primarily for two reasons. First, due to seasonal factors seen in the first quarter while second is the salary differentiation. So, people who had not got hikes, and were not performing, could have left,” Govil said.
Among the top three IT services players in India, Infosys recorded the highest attrition level of 20.6 per cent in Q1 of FY19. TCS
stood at 10.9 per cent.
Wipro’s overall headcount at the end of June saw a marginal addition of 832 people over the previous quarter to stand at 164,659. However, its overall employee count remains 2,131 less when compared to the year ago period, when it stood at 166,790, reflecting the increasing non-linearity drive at play.
In the first quarter of FY19, while TCS’ total employee headcount went up by 5,877 to 400,875, Infosys’s saw a net addition of 5,798 employees to reach a headcount of 209,905 during this period.
Company's overall headcount at the end of June saw a marginal addition of 832 people over the previous quarter to stand at 164,659
Company says that deal pipeline is robust; grew double in as compared to last year
With employee utilisation level peaking 85.2%, firm has little room to allocate resources for new projects
Company has seen an increase in attrition level in the quarter