New Delhi: Wipro On Wednesday it said it expects to hire around 30,000 freshers in FY13, as the IT services major strives to ensure that supply is not a deterrent in managing a strong demand environment.
Company remains “very cautious”, CEO and Managing Director amid fast-spreading Omicron version of COVID virus Thierry Delaporte said, as a proactive measure, the company has decided to close its offices globally for the next four weeks.
“It is some relief to us that globally about 90 percent of our employees are now vaccinated with a single dose of the vaccine, and over 65 percent are fully vaccinated with the recommended two doses.
Delaporte said during Wipro’s third quarter, “Our plan to return to office even in a hybrid model for our fully vaccinated employees will be calibrated in the context of the evolving situation, taking into account both the safety of our employees and customer preferences.” Keeping it in,” Delaporte said. Earning Call.
Wipro’s net profit came in around Rs 2,969 crore for Q3 FY22 as compared to the same period last year.
The company stated that it is poised to induct more than 70 percent new talent from the campus in FY 2012 as compared to the previous year.
“Attrition is a reality in almost all industries. It is no different for us. I shared with you last quarter that we expect attrition to slow down only after a few more quarters. However, we are now looking to stabilize ourselves. We feel more confident about attrition rates in Q3, and expect it to ease in the next quarter,” Delaporte said.
Wipro is looking to hire 30,000 freshers in FY 2013, said Saurabh Govil, President and CHRO, Wipro, adding that the fresher hiring number for FY12 was estimated to be around 17,500.
The company is working relentlessly to ensure that supply is not a constraint in managing the demand environment, he said.
“… 12 months.
“So every four months, we actually give them promotions … We can do that because we’re growing fast … There’s a lot of things that we’re working on and the results you’re seeing. is that we feel there is more confidence of more moderated attrition in the coming quarter, Govil said.
Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter and said it has made a strong showing in revenue and order booking. Shareholders’ net profit stood at Rs 2,968 crore in the year-ago period, according to a regulatory filing.
Wipro’s net profit rose 1.3 per cent on a sequential basis.
Revenue from operations grew 29.6 per cent to Rs 20,313.6 crore as against Rs 15,670 crore in the quarter ended December 2020. Sequentially, it grew 3.2 per cent from Rs 19,667.4 crore in the September 2021 quarter.
Wipro, which gets a major part of its top line (revenue) from IT services, said it expects revenue from that business to be between $2,692 million and $2,745 million in the March 2022 quarter.
This translates into a sequential growth of 2 per cent to 4 per cent for the March quarter.
“We have guided for revenue growth of 2 percent to 4 percent, which will translate into full-year growth of 27 percent to 28 percent. The demand environment remains strong, and our growth trajectory over the years . Some quarters, it shows,” Delaporte said.
Delaporte said Wipro would go ahead with its strategic priorities and expressed confidence about the company “maintaining the momentum of growth”.
Company remains “very cautious”, CEO and Managing Director amid fast-spreading Omicron version of COVID virus Thierry Delaporte said, as a proactive measure, the company has decided to close its offices globally for the next four weeks.
“It is some relief to us that globally about 90 percent of our employees are now vaccinated with a single dose of the vaccine, and over 65 percent are fully vaccinated with the recommended two doses.
Delaporte said during Wipro’s third quarter, “Our plan to return to office even in a hybrid model for our fully vaccinated employees will be calibrated in the context of the evolving situation, taking into account both the safety of our employees and customer preferences.” Keeping it in,” Delaporte said. Earning Call.
Wipro’s net profit came in around Rs 2,969 crore for Q3 FY22 as compared to the same period last year.
The company stated that it is poised to induct more than 70 percent new talent from the campus in FY 2012 as compared to the previous year.
“Attrition is a reality in almost all industries. It is no different for us. I shared with you last quarter that we expect attrition to slow down only after a few more quarters. However, we are now looking to stabilize ourselves. We feel more confident about attrition rates in Q3, and expect it to ease in the next quarter,” Delaporte said.
Wipro is looking to hire 30,000 freshers in FY 2013, said Saurabh Govil, President and CHRO, Wipro, adding that the fresher hiring number for FY12 was estimated to be around 17,500.
The company is working relentlessly to ensure that supply is not a constraint in managing the demand environment, he said.
“… 12 months.
“So every four months, we actually give them promotions … We can do that because we’re growing fast … There’s a lot of things that we’re working on and the results you’re seeing. is that we feel there is more confidence of more moderated attrition in the coming quarter, Govil said.
Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter and said it has made a strong showing in revenue and order booking. Shareholders’ net profit stood at Rs 2,968 crore in the year-ago period, according to a regulatory filing.
Wipro’s net profit rose 1.3 per cent on a sequential basis.
Revenue from operations grew 29.6 per cent to Rs 20,313.6 crore as against Rs 15,670 crore in the quarter ended December 2020. Sequentially, it grew 3.2 per cent from Rs 19,667.4 crore in the September 2021 quarter.
Wipro, which gets a major part of its top line (revenue) from IT services, said it expects revenue from that business to be between $2,692 million and $2,745 million in the March 2022 quarter.
This translates into a sequential growth of 2 per cent to 4 per cent for the March quarter.
“We have guided for revenue growth of 2 percent to 4 percent, which will translate into full-year growth of 27 percent to 28 percent. The demand environment remains strong, and our growth trajectory over the years . Some quarters, it shows,” Delaporte said.
Delaporte said Wipro would go ahead with its strategic priorities and expressed confidence about the company “maintaining the momentum of growth”.
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