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Bloomberg Quint

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HCLTech Q1 Attrition Flat At 12.8%, Employee Headcount At 2.23 Lakh

  • HCL Technologies Ltd. reported an attrition rate of 12.8% for the April-June quarter, the same as the previous year.
  • HCLTech added 1,984 freshers during the quarter, increasing the total headcount to 2.23 lakh.
  • The company's profit for the April-June period declined 11% sequentially, missing analysts' estimates.
  • Employee expenses increased by 2%, impacting the operating margin due to lower utilisation and investments in AI.

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