Wipro jobs: Nearly 11,000 hired in Q3FY22; quarter-on-quarter attrition rate increases 3.3%

The company reported a slight quarter-on-quarter increase in the attrition rate--32.7 percent, up 3.3 percent from 29.2 percent in the second quarter for FY22.

The company broke this down into two categories -- voluntary trailing twelve months (TTM) excluding digital operations (DOP), and DOP post-training. The TTM attrition rate stood at 22.7 percent in the latest quarter (up 2.2 percent), while the DOP attrition rate was 10 percent for the same period, an increase of 1.3 percent quarter-on-quarter.

In the same report, Wipro reported a reported a 1.3 percent year-on-year (YoY) drop in net profit at Rs 2,970 crore for the third quarter. In the corresponding quarter last year, the company posted a net profit of Rs 2,968 crore. Its revenue from operations grew nearly 30 percent to Rs 20,313 crore from Rs 15,670 crore in the quarter ended December 2020.

In its outlook for the fourth quarter, the IT major said it expects a QoQ growth of 2%. "We expect the revenue from our IT Services business to be in the range of $2,692 million-2,745 million," the company said.