Wipro grows headcount faster, revenue slower than rivals TCS and Infosys
Indian IT services provider Wipro added more new employees than rivals TCS and Infosys in the most recent financial quarter, despite the fact that its revenues grew the slowest of the three.
Wipro revealed today that the number of people employed in its IT services division (the company also sells IT products and lighting equipment) grew by 4,854 to 112,925 during the three months ending June 2010, a 4.5% increase “We added the highest number of billable employees ever,” said company chairman Azim Premji. TCS and Infosys, meanwhile, added 3,721 (0.9%) and 1,026 (2%) employees respectively.
That headcount growth was out of step with the companies’ respective revenue growth rates. Wipro’s IT services division grew revenue by 14% year-on-year to $1.2 billion during the quarter, while TCS and Infosys both grew by 21%, to $1.8 billion and $1.4 billion respectively.
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