India’s top four outsourcers report rosy revenues, mild macroeconomic misgivings
TCS CEO Rajesh Gopinathan on the company's earnings call. “That investment has hit our productive capacity and stood us in good stead.” According to Gopinathan, 2023 should being a “more normal kind of hiring trend.”“absolutely, we are seeing this coming down.” He added that reduced hiring to replace departed staff should have a positive impact on margins.
“So as our attrition is moderating, quarterly annualized attrition is significantly come down over the last two quarters actually. Last 12 months doesn’t show that, to be honest,” said Aggarwal. “Quarterly annualized attrition that has come down quite a bit, and that gives us the levers to reduce the unbilled people on the projects and so on and so forth.”